Key benchmark indices on Wednesday fell to their lowest close in 2-1/2 weeks as forecast of below-normal rains triggered worries that food price inflation will edge up. Increase in global crude oil prices also hit sentiment on the domestic bourses adversely. Overseas investors sold Indian cash shares worth 216.3 million rupees ($3.59 million) and equity derivatives worth 12.18 billion rupees on Tuesday - their second straight session of outflows. Higher-than-expected retail inflation, which quickened to 8.31 percent in March, driven by high food prices, was also a drag on sentiment.
CNX Nifty shut shop down by 58 points at 6675. With the exception of marginal gains in CNX FMCG & CNX Metals, all sectors traded on NSE closed in the red. The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 15 advances to 34 declines.
CNX Nifty shut shop down by 58 points at 6675. With the exception of marginal gains in CNX FMCG & CNX Metals, all sectors traded on NSE closed in the red. The market breadth, indicating the overall health of the market, was negative, but in Nifty50 stocks the advances to declines stands at 15 advances to 34 declines.
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