Sensex ends 75 points down amid volatility, awaits inflation
13 Oct 2011
It was a boring sort of a day on Dalal Street today, with benchmarks losing 0.4% on expected profit booking after yesterday's 400 point plus rally on the Sensex.
The 30-share BSE Sensex fell 74.47 points, to close at 16,883.92 and the 50-share NSE Nifty declined 21.55 points, to end at 5,077.85.
It seemed like the market had already discounted all positive news of the week including Infosys' better-than-expected outlook for FY12 and likely plan from Europe in November to stem debt crisis.
Now, it is waiting for the next triggers - earnings, inflation (that is expected tomorrow) or the RBI credit policy (on October 25) - to get direction either side.
Also, the fall in European markets added some pressure on Indian equities as well; France's CAC, Germany's DAX and Britain's FTSE dropped 1% each.
Going forward, Jitendra Sriram, Head Equities, HSBC Asset Management Company said the markets would take cues from results.
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