Profit booking of funds: Sensex falls marginally to 60672

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Mumbai: US Expectations of the Federal Reserve to continue its interest rate hike minutes before tomorrow, as well as weak manufacturing figures in the Euro zone, and the possibility of increasing geopolitical tension over the US and Russia's movements in the Ukraine issue, along with the global markets, the funds eased the bullish trade on caution as the Indian stock markets rose today. The index-based two-way volatility continued to slow down eventually. Funds eased bullish trade in oil-gas stocks and automobile, consumer durables stocks with profit booking in IT-software services, technology stocks. Sensex, Nifty based strength was observed initially with selective buying in capital goods, FMCG stocks and finally the market fell into the negative zone and finally the Sensex fell by 18.82 points to 60672.72 and Nifty spot by 17.90 points to close at 17826.70. Brent Crude remained at $83.77 and New York-Nymex Crude was near $77 in the evening with overall softening in crude oil.

IT index decreased by 257 points

The BSE IT index fell 257.70 points to close at 30694.20 due to profit booking by funds in IT-software services, technology stocks today. Tanla Platforms fell by Rs.18.95 to Rs.646.05, TCS fell by Rs.36.70 to Rs.3449.40, Oracle Finserv fell by Rs.28.40 to Rs.3207, Tech Mahindra fell by Rs.9.90 to Rs.1134 .20, HCL Technology fell by Rs.9.35 to Rs.1105.85.

The fuel of Kadaka? : 1992 Stocks close negative

As retail investors started to pull away from the market with growing doldrums at the end of the index-based two-way rout, many small-cap, mid-cap, cash stocks became difficult to sell today, with stocks falling on low volume. In this situation, some sections started to show the fear of massive crash due to low volume in the coming days. Out of the total 3601 scrips traded in BSE, the number of gainers was 1460 and the number of decliners was 1992.

DII's net sales of Rs.235 crore

FIIs bought net shares worth Rs 525.80 crore in the cash segment today, becoming net selling. A total of Rs.4939.81 crore was sold against a total purchase of Rs.5465.61 crore. While DII-domestic institutional investors made a net sale of Rs.235.23 crore. A total of Rs.5553.66 crore was sold against a total purchase of Rs.5318.43 crore.

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