Market At Close | Sensex and Nifty50 in the red but off day’s lows
Here are some highlights:
–IT and metal stocks pull headline indices lower
–FMCG stocks lend some support
–IT stocks fall on US recession concerns — Nifty IT falls three percent
–Except Nifty50 FMCG, all of NSE’s sectoral indices in the red
—Fear index India VIX rises eight percent
–IRCTC falls as company withdraws data monetisation tender — stock down four percent
–City Union Bank fails to recover despite management clarification on RBI report — stock down four percent
–Info Edge, Mindtree, L&T Info, Coforge, Bandhan, Mphasis, Concor top midcap losers
–Escorts Kubota, Colgate, India Cements, IDFC, BHEL gain
–Market breadth favours the bears — advance-decline ratio at 1:2
Read More: Stock Market Highlights: Sensex ends 861 pts lower and Nifty gives up 17,350 — rupee off