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Flat close on Friday! Nifty ends a tad higher, Sensex slips

Discussion in 'Stock Market News & Analysis' started by chetanepic, Apr 8, 2016.

  1. chetanepic

    chetanepic New Member

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    The 30-share BSE Sensex fell 11.58 points to 24673.84 while the 50-share NSE Nifty ended above 7550 level, rising 8.75 points to 7555.20. The BSE Midcap and Smallcap indices rose 0.6 percent each as about 1478 shares advanced against 1046 declining shares.

    For the week, the Sensex lost 2.4 percent and Nifty shed 2 percent while broader markets ended flat. Bank Nifty plunged 3.4 percent as the Reserve Bank of India cut repo rate only by 25 basis points, which was on expected lines. Profit booking could also be the reason as benchmarks rallied 10 percent in March, driven by FII inflows.

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