- Sensex closes 215 points down, Nifty above 8200
- Marico Q4 profit jumps 24% to Rs 110 cr, volume growth 3%
- Biocon Q4 net jumps 78% to Rs 201 cr on Syngene shares sale
- US data, Fed caution keep pressure on world stocks, dollar
- New listing on bourses: VRL Logistics debuts at 40% premium
- Axis Bank rises 5%, brokerages say 'buy' post Q4 nos
MARKET ANALYSIS
- Equity benchmarks continued their slide on Thursday, with the Nifty breaching the psychological 8200-mark and the Sensex slipping below\ 27,000.
- The Sensex shed 214.62 points to close at 27011.31 after touching a low of 26897.54 intra-day. The Nifty fell 58.25 points to close at 8181.50, after hitting a low of 8,144.75 intra-day. For the truncated week, the Sensex was down 426.63 points or 1.55 percent and the Nifty by 123.75 points or 1.5 percent.
- The market will be closed for trading on Friday because of Labour Day. The Sensex and Nifty have now fallen a little over 10 percent from their record high seen in early March. But opinion is divided on whether this is a good time to start buying shares.
- MCG, IT, auto and metal shares were the prominent losers today. Banking shares rallied after a sedate start and were the best performers of the day.
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