Retailers who missed this rally in stock market taking positions at higher end of band in nifty,and promoters are transferring their small positions of shares to PE firms and long only funds to take some money out of the table.
Sensex closed at 17422, down 104 points and Nifty at 5210 down 39 points from the previous close. CNX Midcap index was down 0.64% and BSE Smallcap index was down 1.14%. First time in two weeks market breadth was negative with advances at 380 against declines of 906 on the NSE. Top Nifty gainers included Wipro, TCS and Infosys while losers were Idea, DLF and Reliance Communications
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment