The
major Indian equity indices ended the day in red. A flat start with a slight
positive bias was seen in the early part of the trading session, however the
CRR cut along with the cut in the GDP growth forecast to 5.8% and increased
provisions for restructured standard accounts from the existing 2% to 2.75%
drastically pulled the market down and also succeeded in ending the day in red.
The Sensex closed at the level of 18430.85 i.e., down by 204.97 points and the
Nifty closed at the level of 5597.9 i.e., down by 67.70 points. The midcap
& small-cap counters closed negative by over a percentage point each. On
the sectoral front, except for the IT & Teck indices, all the other indices
closed in red. Bank index closed as the major loser with losses of two and a
half percentage points. Further, the market breadth closed negative as only
three stocks were seen advancing for every seven declines. Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118
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