Key benchmark indices edged lower in what was a choppy trading session as the market sentiment was affected adversely by data showing that foreign funds remained net sellers of Indian stocks on Friday, 7 February 2014. The BSE Sensex, was provisionally down 56.62 points or 0.28%, CNXNifty shut shop down by 9.75 points (-0.16%).The telecom companies such as Idea Cellular slumped after prices in a mobile spectrum auction rose, raising worries about their profit margins. Idea Cellular (IDEA.NS) provisionally slumped 8.5 percent, provisionally marking its biggest single-day fall since October 2008, while Bharti Airtel (BRTI.NS) fell 2.4 percent.
The market breadth, indicating the overall health of the market, was positive. But in Nifty50 stocks the advances to declines stands at 23 to 27, indicating the inherent weakness of market heavyweights.
The market breadth, indicating the overall health of the market, was positive. But in Nifty50 stocks the advances to declines stands at 23 to 27, indicating the inherent weakness of market heavyweights.
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