The Indian benchmarks ended the day on a negative note on November 26, 2013. The indexes opened weaker and traded in a range throughout the day. However, towards the end, they closed with a negative bias. The rally fuelled by Iran nuke deal came to a grinding halt. The Sensex ended down 180.06 points at 20425.02, and the Nifty ended at 6059.10, down 56.25 points. The midcap index and the small cap index closed in red with the loss of quarter of a percentage point and eight tens of a percentage point respectively. Benchmark indices ended lower weighed down by Banking, FMCG and Oil and Gas shares. Investors booked profits at higher levels after sharp gains yesterday following the Iran deal. Lack of cues from global peers also pushed the investors on sidelines. Auto and Capital Goods stocks were the only leading pack of gainers. Oil held near USD 111 a barrel on Tuesday as investors judged the historic deal between Iran and world powers would bring no immediate increase in crude oil supplies from the OPEC member. The Reserve Bank of India on Tuesday allowed banks to treat loans given to medium manufacturing enterprises after November 13 as priority sector advance, in its efforts to provide enhanced liquidity support to the medium and small enterprises.
Further, the market breadth closed negative as five stocks were seen advancing against seven declining stocks.
Further, the market breadth closed negative as five stocks were seen advancing against seven declining stocks.
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