Nifty stays below 4900

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epicresearch
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Joined: Tue May 22, 2012 1:40 am

Nifty stays below 4900

Post by epicresearch » Fri Jun 01, 2012 2:50 am

The Indian market fails to recover from day’s low despite European markets opening in green. The Niftywas dragged down by rate sensitives, commodities and technology stocks. Midcap infra & textile shares pulls down the broader markets. The breadth also turns negative.

The Sensex was down 159.74 points or 0.98% at 16058.79, and the Nifty was down 52.60 points or 1.07% at 4871.65. About 911 shares advanced, 1526 shares declined, and 987 shares remain unchanged.

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