INSUBCONTINENT EXCLUSIVE:
Mid- and small-cap shares finished on a mixed note.New Delhi: The Indian equity indices finished lower on Wednesday in a highly volatile
Investors turned cautious after a sharp rally in the previous session while keeping an eye on the Ukraine situation
The benchmark BSE Sensex fell 145 points or 0.25 per cent to close at 57,997; while the broader NSE Nifty moved 30 points or 0.17 per cent
Both the indexes fluctuated between gains and losses during the day.Global stocks, however, rebounded after the Russian defence ministry
published footage of its troops returning to base after exercises.Back home, mid- and small-cap shares finished on a mixed note as Nifty
Midcap 100 index fell 0.29 per cent and small-cap shares gained 0.73 per cent.Nine out of the 15 sector gauges -- compiled by the National
Stock Exchange -- settled in red
Nifty PSU Bank underperformed the index by falling as much as 1.17 per cent.On the stock-specific front, State Bank of India (SBI) was the
top Nifty loser as the stock cracked 1.87 per cent to Rs 515
and HDFC Life were among the gainersOn BSE, the overall market breadth was positive as 2,016 shares were advancing while 1,332 were
declining.On the 30-share BSE platform, SBI, ICICI Bank, Tata Steel, NTPC, UltraTech Cement, Bajaj Finance and Bajaj Finserv attracted the
most losses with their shares sliding as much as 2 per cent.Meanwhile, shares of Vedant Fashions -- owner of the Manyavar brand -- got
listed at a premium of 8 per cent
The stock settled 9.04 per cent higher at Rs 944.25 on the first trading day.Sensex and Nifty had witnessed a sharp rebound on Tuesday
followed by a crash on the previous day."Technical indicators suggest a volatile movement in the (Indian) market in the range of
As such, we retain our cautious stance and advise the traders to refrain from building a fresh buying position, until we see further
decisive movement in the market," said Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Limited.
