Key benchmark indices extended the fall after Federal Reserve Bank of St. Louis President James Bullard said on Friday, 20 September 2013, that the Federal Reserve could make a small stimulus reduction at its next meeting in October 2013. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The market sentiment was also hit by the Reserve Bank of India's hawkish tone at its latest monetary policy review on Friday, 20 September 2013. CNX Nifty closed down by over 2% at 5912 level.
The market breadth, indicating the overall health of the market stood negative. The advance to decline in Nifty50 stocks stood at 9 advances to 40 declines, 1 unchanged. Except CNXIT, all sectors on NSE closed negative, with CNXPSU Banks worst hit (down by 5.7%).
The market breadth, indicating the overall health of the market stood negative. The advance to decline in Nifty50 stocks stood at 9 advances to 40 declines, 1 unchanged. Except CNXIT, all sectors on NSE closed negative, with CNXPSU Banks worst hit (down by 5.7%).
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