Wednesday 24 October 2018

A Morning Walk Down Dalal Street | Nifty Can Slip Further Towards 9,952-10,000

Posted by suhani varma on Wednesday, October 24, 2018 with No comments



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Indian markets ended lower for the fourth straight session in a row, driven largely by weak global cues as well as mixed results from India Inc. The S&P BSE Sensex breached 34,000 while Nifty bounced back after retesting 10,100 levels to hit a 6-month low.

The S&P BSE Sensex slipped 287 points to close at 33,847 while the Nifty50 ended 98 points to end at 10,146.

The broader market indices also reported a weak closing, with BSE Midcap & Smallcap falling by 0.9 percent and 1.2 percent respectively.


Barring power and realty companies which ended marginally higher, all the other sectoral indices ended in the red with IT, Healthcare & FMCG being the top losers, down 1.2-2.8 percent.

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