Indian equity benchmarks closed marginally lower amid a choppy trade on Thursday. The market gyrated around its previous closing value in the morning trade due to lack of global cues.
The second half of trade was slightly better due to lower-than-expected fall in European markets ahead of EU Summit. The 50-share NSE Nifty fell 25.45 points, to close at 5,541.60 and the 30-share BSE Sensex declined 66.19 points, to end at 18,436.19. The broader indices too slipped 0.4% each. Investors were cautious on account of European debt crisis, US debt default and inflation. Raj Bhatt, chairman and CEO of Elara Capital says the earnings downgrade is all set to increase concerns for the investors.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
