A maturing market amid the mayhem
Sensex snaps 3-day rise, ends 0.9 pct lower
The Sensex seesawed and ended down 0.9 percent on Tuesday, snapping a three-day rising streak as investors booked profits and weak European markets dampened sentiments.
The banking index shed 2 percent, followed closely by the IT index which ended 1.7 percent down.
TCS slipped 4.8 percent and Infosys lost 1.8 percent in the session. However, Rolta India bucked the trend and rose over 17 percent. It was the top traded counter on the BSE.
Satyam shares slipped 3.7 percent to close at 43.55 rupees. The Economic Times reported today that L&T was talking to private equity firms to jointly bid for the outsourcer.
Overall, the market traded weak and was unable to sustain the gains of the past few sessions. Do you think today’s fall is an aberration and the benchmark will bounce back tomorrow?