Reports » India
Indian stock market daily closing report (January 30, 2012)
By Nirmal Bang
After gaining around 12% in last four weeks, Indian markets ended down more than 2% in todays trading session. Profit booking & negative global cues are the main reasons for todays downside in the markets. The European nations failed to achieve consensus on Greek debt deal, ahead of European Union Summit today. This has dampened investors sentiments, worldwide. Heavy selling pressure is observed in Capital Goods stocks in todays trading session. BHEL was the top Sensex loser today on account of 7% YoY decrease in order flow declared by it on Friday in its December quarter result.
The Nifty ended down 117.4 points today, to close at 5087.3. The Sensex ended down 370.68 points, at 16,863.30. The breadth of the market was negative in todays trade and the total volumes were at Rs 91276 cr.
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