Samvat 2068 ended on a cautious note. Concerns about sticky retail-level inflation, weak industrial output and high trade deficit triggered selling on the Dalal Street. Sensex lost 13 points and ended at around 18,670 levels.
Samvat 2068 ended on a cautious note as the BSE benchmark Sensex today lost 13.3 points to close at 18,670.34 on selling over sticky retail-level inflation, weak industrial output and record-high trade deficit.
The first full-day trading session of Samvat 2068 has already seen the BSE benchmark surge more than 600 points in the opening trade. The euphoria in this rally, backed by European Union’s bailout fund of about Euro 1 trillion, however, could only be short-lived, says Jai Bala, chief market technician at Cashthechaos.com.