Thread: Market witnesses profit booking

It was a very tepid and lukewarm trading session for the Indian markets. While taking the cue from the US and other global markets the Indian markets opened in Green it could not sustain the higher levels and entered he negative zone. Afterwards the yesterday closing became a strong resistance for the Sensex and then it closed in the negative zone. Mostly all the sectoral indices remained range bound. Capital goods and defensive sector like FMCG were the higher gainers. But metal and Oil sector indices closed in red. Sensex closed at 17571 down 46 points Nifty closed at 5262 down 12 points. Market breadth was negative with 1793 declines and 1054 advances.

Source: Dalal Street Investment Journal
Dalal Street Investment Journal

Monetary tightening would act upon fiscal retreat already underway says Motilal Oswal report.