The week has ended on a solid note at Dalal street. Metals and capital goods stocks led from the front. The Nifty almost touched the 4,900 mark before easing off in the last hour to close at 4,866. The Sensex too piled on 117 points to shut shop at 16,154.
Infosys set the tempo for the market today. The indices got off to a weak start, and the positive IIP performance could do little to lift sentiment. The Nifty broke below the 4,850 mark and closed with a 30 point cut at 4,831.25. The Sensex dropped 138.35 points, to close at 16,037.51
It was an extremely volatile start to the week. The Nifty dipped below the 4,700 mark during the day but managed to claw back to finally close flat at 4,743. The Sensex fell 34.08 points, to close at 15,814.72.
It was expected but now it is official. The Reserve Bank of India (RBI) has at last paused in hiking rates in its mid-quarter credit policy review. Experts feel that the central bank is likely to continue its status quo in January too.
Headlines emerging from Europe dictated terms on Dalal Street. What looked like a pullback in the last hour gave way and the Nifty tumbled down to 4,866 losing 77 points. The Sensex too shut shop dismally at 16,213 points losing 274 points.
The market started on a promising note to close with minor gains. Dalal Street got off to a firm footing ahead of the Euro Zone summit slated for the weekend. However, profit booking dampened sentiment in late trade, and our market pared its gains.