Brokerage CLSA has raised its "already substantial overweight in India", its chief strategist Christopher Wood wrote on Aug. 7.
IIP for November 2015 and CPI for December 2015 will be announced today.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
China's malfunctioning stock markets remained semi-frozen.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Chinese govt has itself to blame for first trying to slow down the property market and later propping it up.
2016 is difficult to predict, and this uncertainty will drive volatility in global markets.
Sensex closed the day 416 points higher.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.
A series of modest support measures from the government over the year helped stave off worries of a more dramatic slowdown
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances