Stock indices in red, rupee bounces back

Sensex ends 62 points lower, RIL down by 1.96 per cent; brokers said in view of long holidays ahead investors were seen refraining from enlarging their positions, they even reduced positions.

October 01, 2014 05:08 pm | Updated October 18, 2016 03:09 pm IST - Mumbai

The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 26567.99 with a loss of 62.52 points or 0.23 per cent.

The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 26567.99 with a loss of 62.52 points or 0.23 per cent.

Stock indices ended in the red prior to a long week-end while the Rupee bounced back as earnings session would begin next week with information technology major Infosys announcing its second quarter financial results.

 The rupee closed at 61.61 against the dollar compared to its previous close of 61.75 on Tuesday. However, it opened on a weak note at 61.95.

 The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 26567.99 with a loss of 62.52 points or 0.23 per cent. Among the broader indices, BSE 100 was down by 0.24 per cent, BSE 200 lost 0.26 per cent and BSE 500 dipped by 0.27 per cent. Except information technology index which was up by 1.94 per cent and technology at 1.36 per cent, all other sectoral indices ended in the red. On the National Stock Exchange (NSE), the 50-share Nifty closed at 7945.55 with a loss of 19.25 points or 0.24 per cent.

 "The domestic bourses were seen consolidating in a narrow range throughout the week and lost marginally in the end ahead of long week-end holidays,” said Jayant Manglik, President-retail distribution, Religare Securities Limited.

 “The monetary policy review turned out to be a non-event as the RBI Governor kept the key policy rates unchanged. Also, participants preferred to sit on sidelines due to long week-end ahead,” said Mr. Manglik, adding, “broadly, the CNX Nifty index has been trading within 7850-8050 for last six trading sessions and either side decisive break will trigger the next directional move.”

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