MONEY & BANKING
Dwindling volumes, diminishing values
THE markets have been ruling in the negative terrain with the Sensex losing value consistently accompanied by dwindling volumes. The reasons could range from a change in the trading system, the uncertainty among small investors caused by the UTI crisis
and the general slowdown in the economy. Retail investors are playing a cautious game. However, FIIs have been major players and inflows from FIIs have been quite comfortable.
Negative sentiment eclipses Sensex
NEGATIVE sentiment in the Indian market as well as pessimistic outlook on corporate earnings in the US appeared to have pushed the BSE Sensex to lower levels. The BSE Sensex ended the day at 3,301.97 points, lower by 33.11 points (0.99 per cent).
KOLKATA: THE Calcutta Stock Exchange on Wednesday saw the Usha Martin Infotech, HLL and Wipro counters shine amid selling and weakening of sentiment.
RIGHT from the initial hours of Wednesday's trading, the bears were in total control of the market. The bulls were unable to make any recovery during the day. The movement in Nifty was around 11 points. It closed with a loss of nine points with respec
t to Tuesday's close. The sentiment reading continues to remain strongly in favour of the bears.
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