A maturing market amid the mayhem
Sensex closes lower on profit booking
The benchmark closed down 240.51 points at 11,876.43, while the Nifty ended 1.7 percent down at 3,620.70.
The fall in the Sensex was led by ICICI Bank, Infosys, Reliance Industries and HDFC.
On the sectoral front, the BSE Banking Index shed 3.2 percent, followed by the Metal Index which ended down 2.5 percent. The BSE Consumer Durable Index, however, ended higher at 1.8 percent.
In today’s trade, FIIs bought net $79.9 million in shares and $318.20 million in debt.
Data released today showed inflation stood at 0.70 percent in the 12 months to April 25, above the previous week’s 0.57 percent.
On the global front, U.S. regulators have asked banks to raise as much as $74.6 billion to build a capital cushion for people to restore faith in the system. Stocks across Asia climbed as the stress test results produced no big shocks.
Do you think the general election, which enters its last phase next week, will impact the benchmark?