The Bombay Stock Exchange’s 30-share Sensex closed at 9385.42, down 150.91 points, or 1.6 per cent, after moving between a low of 9267.49 and a high of 9826.25. National Stock Exchange’s 50-share Nifty ended at 2810.35, down 38.10 points, or 1.3 per cent. Intraday, it moved between 2778.80 and 2938.80.
“Foreign funds sold today in most of the index majors. Also there was no support from domestic funds either. Everybody is expecting more bad news in store and perhaps overseas markets came off lows because of this,” an institutional dealing head said.
Moody’s Economy.com, a subsidiary of global rating agency Moody’s Investor Services, today said that India may face slowdown in foreign direct investment due to heightened risk aversion among investors.
Share indices had risen 3 per cent after headline inflation for the week to November 1 slipped to 8.98 per cent from 10.72 per cent the previous week, its lowest in nearly six months raising hope that the Reserve Bank of India may take more monetary measures.
Investors here ignored positive cues from European markets, which rose around 3 per cent today.
Turnover on NSE and BSE combined was Rs 14,457 crore today against Rs 13,881 crore on Wednesday.
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