Key benchmark indices fell to its lowest close in 2-1/2 weeks today, and have now declined in each of the four trading sessions of the year as caution prevailed ahead of financial results and key inflation data. Also, foreign institutional investors sold 6.08 billion rupees worth of index futures and 180 million rupees of cash shares on Friday, dampening the sentiment.
The HSBC Services Purchasing Managers' Index, showed a continued contraction in activity, falling to 46.7 in December from 47.2 in November as new orders dwindled. The market breadth, indicating the overall health of the market, was positive although in Nifty50 basket the breadth was negative. In Nifty50 stocks the advances to declines stands at 15 advances to 35 declines.
The HSBC Services Purchasing Managers' Index, showed a continued contraction in activity, falling to 46.7 in December from 47.2 in November as new orders dwindled. The market breadth, indicating the overall health of the market, was positive although in Nifty50 basket the breadth was negative. In Nifty50 stocks the advances to declines stands at 15 advances to 35 declines.
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