Equity benchmarks recouped their early trade losses, led by capital goods, power, Anil Dhirubhai Ambani Group, FMCG and select metal companies' shares. But the sell-off in heavyweights Reliance Industries, ONGC, Bharti Airtel, HDFC Bank, HDFC and SBI has capped the gains.
The 50-share NSE Nifty has been hovering around the 5550 since the beginning of the week. Index was trading at 5,551, down 5 points and the 30-share BSE Sensex fell just 5 points to 18,490. According to Vibhav Kapoor, IL&FS, it will be positive for India if QE3 announcement is not made. Kapoor suggested that the NiftyDiscover 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!
