Sensex suffers moderate loss of 11 pts
"The winter session of Parliament began but no business was transacted in the first two days, raising concerns over the fate of various Bills which are proposed to be presented and passed in the session," said Dipen Shah, Head of PCG Research, Kotak Securities.
"If some of the proposed Bills are taken up and passed, we can see the sentiment turn bullish and markets trending higher over the next few weeks," he added.
A total of 3,89,12,793 shares of Hindustan Copper, worth Rs 603.14 crore, were bid for at the close of trading hours, according to data available from the stock exchanges. A total of 3,70,08,720 shares, or 4 per cent stake, were put on offer in the first tranche.
Dragged down by Hindustan Copper, BSE-PSU declined by 0.85 pct the worst among all indices.
The market breadth turned negative as 1,498 stocks ended in the red while 1,315 that finished in the green.
The total market turnover rose to Rs 2,101.35 crore from Rs 1,931.18 crore yesterday.
Meanwhile, Foreign Institutional Investors (FIIs) had picked up shares worth Rs 114.75 crore yesterday as per provisional data with stock exchanges, over its purchases of Rs 262.60 crore on November 21 as per Sebi data.
The broader 50-issue Nifty of the NSE also softened by 1.15 points or 0.02 pct to 5,626.60.
Asian markets, barring Japan which was closed, finished higher between 0.09
Be the first to comment.