The market extended losses in afternoon trade with the Nifty breaching 8300-mark for the first time since January 14 and the Sensex falling more than 200 points intraday amid consolidation. The broader markets underperformed equity benchmarks; the BSE Midcap and Smallcap indices fell over 1 percent each.
The Sensex slipped 102.13 points to 27355.45 and the Nifty declined 38.35 points to 8303.80.
Telecom stocks extended sell-off with the Bharti Airtel, Idea Cellular and Reliance Communications falling 5 percent each, even though the regulatory overhang got lifted with the conclusion of auctions. Investors remained concerned about the spectrum payout impact on the companies’ balance sheets.
Real Time News & Trading Trends Keep Liking #EpicResearch
Facebook – Twitter – YouTube – Pinterest –Linkedin – Google+
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
No comments:
Post a Comment