Key benchmark indices edged lower in choppy trade on concern foreign capital inflow will slow after the US Federal Reserve further reduced monetary stimulus for the US economy and signaled US interest rates will be raised. Foreign institutional investors (FIIs) have bought Indian stocks worth Rs 9845.20 crore ($1.616 billion) and Indian bonds worth Rs 38245 crore ($6.2099 billion) in this calendar year so far (till 18 March 2014). The Sensex and the 50-unit CNX Nifty, both, hit their lowest level in almost a week. The market breadth, indicating the overall health of the market was negative. The BSE Sensex closed at 21740.09 and 92.77 point down.
Who Moved and Why
- Maruti Suzuki slips after Nissan Motors launches low-cost Datsun brand in India.
- Mukand hits the roof as promoters hike stake.
- Excel Crop Care spurts after three bulk deals.
- Eveready Industries gains after hiking batteries prices.
- SKS Microfinance gains after securitization deal.
- Persistent Systems gains after setting up unit to focus on product portfolio.
- Bombay Rayon slips after declaring lockout at Dodaballapur mill unit.
Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/20th_March_equity_closing_update.pdf