Tuesday, 27 May 2014

Today Stock Market Trading Review

The market continues to be under selling pressure as the Sensex is down 88.21 points at 24628.67. The Nifty is down 23.75 points at 7335.30. About 827 shares have advanced, 945 shares declined, and 67 shares are unchanged.

Shares in GAIL (India) Ltd fell 2 percent in pre-open trading on Tuesday after its January-March net profit rose by 57 percent to 9.72 billion rupees ($165.36 million), missing some analyst estimates.

The BSE Sensex fell over 150 points, while the broader Nifty declined over 50 points on Tuesday as markets saw an extension of a selloff that started in late trading yesterday.

Foreign investors, who have been the backbone of the recent rally that took the Sensex and Nifty to record highs, were net sellers of cash shares yesterday. FIIs sold shares worth Rs.s. 84 crore on Monday.

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