Volatility to the fore; Nifty ends below 8050: Volatility ruled the roost as key benchmark alternately swung between positive and negative terrain in mid-afternoon trade. Even after trying hard to chase the bears away, the market ended on a lower note. The Sensex was down 71.31 points at 26710.13 while the Nifty slips 37.80 points at 8029.80. The market breadth indicating the overall health of the market is weak. As per market buzz, state-run Life Insurance Corporation of India (LIC) has started buying shares after a recent steep slide in stock prices. LIC is known to support domestic share markets at times of hefty falls.
In the foreign exchange market, the rupee edged lower against the dollar in choppy trade. Meanwhile, Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen. Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time
In the foreign exchange market, the rupee edged lower against the dollar in choppy trade. Meanwhile, Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen. Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time
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