A maturing market amid the mayhem
Sensex range bound in choppy trade
The Sensex remained volatile in trade and ended 0.08 percent lower on fears of a fall in corporate earnings for the June quarter.
IT bellwether Infosys Technologies, will kick off the earnings season on Friday.
The Wholesale Price Index fell 1.55 percent, with the primary and food article indices gaining and the fuel index remained unchanged. Manufacturing, however, slipped 0.1 pct.
The 30-share sensitive index swung from an intra-day high of 13,879 to an intra-day low of 13,643 and closed 11 points lower at 13,757. The fifty-share Nifty ended 0.05 percent higher at 4080.
On the sectoral front, the BSE Consumer Durable Index dropped 1.4 percent, followed by the Capital Goods Index which ended 1.07 percent lower. However, the BSE Metal Index closed 1.53 percent higher.
FIIs bought net $158.5 million in shares and sold $3.6 million in debt.
Do you think the possibility of a slow pick-up in demand in the outsourcing sector will pull the index down further?