Key benchmark indices edged lower in choppy trade, with the market sentiment hit adversely by the government's failure to push further reform & unexpected interest hike by RBI. However, the key benchmark indices trimmed intraday losses as the rupee edged higher against the dollar and as European stocks reversed intraday losses. Volatility was high ahead of the expiry of the near month futures & options (F&O) contractstomorrow, 26 September 2013. BSE Sensex, was provisionally down 77.67 points or 0.39%, Nifty shut shop down 18.6 points at 5874.
The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocks the advance to decline stands at 22 advances to 28 declining stocks. Sector that outperformed in today’s market are Media, Metals, Pharma & CNX PSU Bank, the laggards are FMCG, Bank Nifty & Energy.
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