Indian Indices closed lower for the fourth consecutive day. Today being the closing date of F&O the volume was bigger. Global indices also played a key role in shaping the mood of the market. Once sensex slipped below 16,000 mark. Reality, metal and banking sectors were the worst performers. Some recovery was seen during noon but panic selling witnessed during the last half an hour of the trade. Sensex closed at 16053 down by 231 points. Nifty closed 4751 down by 76 points.
Only FMCG stocks witnessed buying interest. It was a bad week for Indian bourses as a whole. On a monthly basis also it is worst performance. During the beginning days of this month huge buying interest seen in Indian stocks and sensex was at 17,000 level. But when headed towards the end of the month selling pressure increased considerably.
But when we consider the positive side of this it is advisable to buy index stocks at this level since market will bounce back sooner or later.
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