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Indian stock markets were little changed in thin trade on Friday as investors took a pause before a busy week of corporate results, while stock indexes headed for their worst weekly fall in six due to profit-taking in recent outperformers. Daily stock trading volume was weak with bond and currency markets closed for a public holiday.
The Indian equity market continued to be choppy in afternoon trade due to lack of global and domestic cues. European markets were higher with investors reacting once again to price volatility in commodity markets. The 30-share BSE Sensex fell 42.62 points to 24642.80 and the 50-share NSE Nifty declined 0.75 points to 7545.70. About 1377 shares advanced against 1020 declining shares on Bombay Stock Exchange.
The NSE Nifty saw only about a quarter of the 30-day average volume in the first four hours of trading. The next key trigger will be January-March results starting next week, said traders, adding that margins were expected to be muted on sluggish global and domestic demand. Next week, cement makers ACC Ltd and Ambuja Cements Ltd , and software services provider Infosys are due to report their quarterly results.
We are dedicated at working with just one goal which is to make high profit for our customers with our deep technical and fundamental analysis. We provide all intraday tips, services through SMS and Instant Messenger. For more info visit www.capitalheight.com or call at +91 9993066624, 0731 - 6615050.
========================================================
Indian stock markets were little changed in thin trade on Friday as investors took a pause before a busy week of corporate results, while stock indexes headed for their worst weekly fall in six due to profit-taking in recent outperformers. Daily stock trading volume was weak with bond and currency markets closed for a public holiday.
The Indian equity market continued to be choppy in afternoon trade due to lack of global and domestic cues. European markets were higher with investors reacting once again to price volatility in commodity markets. The 30-share BSE Sensex fell 42.62 points to 24642.80 and the 50-share NSE Nifty declined 0.75 points to 7545.70. About 1377 shares advanced against 1020 declining shares on Bombay Stock Exchange.
The NSE Nifty saw only about a quarter of the 30-day average volume in the first four hours of trading. The next key trigger will be January-March results starting next week, said traders, adding that margins were expected to be muted on sluggish global and domestic demand. Next week, cement makers ACC Ltd and Ambuja Cements Ltd , and software services provider Infosys are due to report their quarterly results.
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