The Nifty closed at 5,099, up 125 points.
The market breadth was positive, as 1687 stocks have advanced for 1083 declining stocks.
The Nifty was down 56 points, at 4,868.
The Nifty touched a high of 4,861 in the morning session, but gave up all the gains and closed at 4,747, down 92 points
The market breadth was extremely negative. 1638 stocks declined for 1138 stocks which advanced.
The Nifty ended at 5,482, down 6 points.
Foreign Institutional Investors have pumped in $2.2 billion or Rs 9807 crore in Indian equities in the past eight trading sessions.
The revenue growth of 14-15 per cent was seen across the broad market, but due to margin pressure, earnings before interest and tax (Ebit) were flat or lower than estimates. Hence, the markets may remain range-bound in the short-term.
The revenue growth of 14-15 per cent was seen across the broad market, but due to margin pressure, earnings before interest and tax (Ebit) were flat or lower than estimates. Hence, the markets may remain range-bound in the short-term.
Rajat Rajgarhia, director (research), Motilal Oswal Securities, tells Krishna Merchant that though recent events will cap upsides, earnings momentum and valuation support are likely to keep the markets range-bound in the medium term.
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