Markets saw heavy selling stress, pulling the BSE from its 11,000 mark to end almost 3% down today. The BSE benchmark Sensex cracked from its eight-day rally on speedy profit-booking on Thursday.
Investors sought to save funds as the nation started its first stage of general elections on Thursday. Market sentiment is watchful as political indecision reigns with no political party as an obvious choice and the India revealing some affects of international slump.
Inflation data declared on Thursday was at 0.18% low for week closed on 4th April opposed to last week’s 0.26%. However, slackening inflation and encouraging European markets also could not raise the sentiments.
Except FMCG, all sector indices traded on the lower side. Wednesday’s top gainer was Thursday’s top loser as realty fell by 9.16%. Other sectors that witnessed noteworthy selling were oil and gas, metal, capital goods and power.
The 30-share Sensex index fell from the high sustenance mark of 11,000 to end at 337.33 points low at 10,947.40 and the 50-share Nifty ended at 3,369.50 down.