Despite opening on an upbeat note on the back of a strong rupee, that
resulted in a 350 plus points gain for the Sensex in early trade,
the market tumbled past noon following a surge in inflation and eventually
ended flat on Monday.
Stocks, with the exception of those in the IT space, saw some hectic buying early on in the session as the bulls stormed the ring following the rupee forcing its way up against the greenback. But the mood turned bearish once the data on wholesale price inflation was released, and from thereon the market was quite choppy till the end.
Stocks, with the exception of those in the IT space, saw some hectic buying early on in the session as the bulls stormed the ring following the rupee forcing its way up against the greenback. But the mood turned bearish once the data on wholesale price inflation was released, and from thereon the market was quite choppy till the end.
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