Indian equity indices slide for 8th day |
Indian indices had opened positively on February 28 with Sensex tilting slightly towards the greener end and even reaching as much as 59,483.72 but then declined by 326.23 points or 0.55 percent to settle at a four-month low of 58,962.12. During the day, it dropped 492.38 points or 0.83 percent to 58,795.97. The Market mayhem continued for the 8th day in a row and the negativity can be attributed to relentless selling by the FII camp. The negative takeaway was that Nifty witnessed drubbing despite Adani group stocks bouncing sharply higher in today`s trade. Nifty reached a high of 17,440.45 during the day`s trade. Adani Enterprises rose 14.90 percent in the backdrop of the conglomerate`s massive roadshow in Singapore giving reassurance to the investors. The NSE Nifty dipped 88.75 points or 0.51 percent to end at a low of 17,303.95 as 33 of its stocks declined. From the Sensex pack, Reliance Industries fell the most by 2 percent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank, and Bajaj Finance were among the other major laggards. Asian Paints, Mahindra & Mahindra, Power Grid, UltraTech Cement, Tata Motors, and HDFC were the major gainers.
|
|
|
|