Nifty breaks 4400; banks, metals, telecom, cap goods dip
July 6th, 2009
The benchmark indices were witnessing volatility. Power and realty stocks along with SAIL were seeing buying interest. However, shares of banking, oil & gas exploration, metal, FMCG and select telecom stocks were under pressure.
The Sensex was down 72 points, to 14,841 and the Nifty fell 24 points, to 4,399.
Print media stimulus extended further – Positive for Deccan Chronicle, HT Media, Mid-Day Multimedia.
Finance Minister Pranab Mukherjee is presenting this Budget against a backdrop of muted expectations from Dalal Street. In the run-up to the budget traders had cut down their positions. Institutional investors also have been keeping a low key over the past few days.