New Delhi, Oct. 27 -- The Indian equity market ended last week on a corrective note, with the benchmark indices reversing early gains as global trade concerns and profit-booking weighed on sentiment.
The Nifty 50 closed 96.25 points (0.37%) lower at 25,795.15 and the Sensex shed 344.52 points (0.41%) to settle at 84,211.88, ending a six-day rally. Market breadth was clearly negative across the board as the Nifty 50 failed to sustain its momentum above the crucial 26,000 mark.
Geopolitical factors, including reports of a potential U.S. trade probe concerning China, dampened investor confidence. Technically, the sharp reversal from intraday highs confirms the index is in an overbought zone, suggesting a period of consolidation.
Indian eq...
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