The Indian market was closed on Wednesday, December 25 on account of the Christmas holiday, while on Tuesday, Indian benchmark indices ended marginally lower, as losses in heavyweight financial and IT stocks offset gains in consumer and auto stocks. With the holiday-truncated week lacking major triggers, analysts expect range bound moves for the benchmark indices following Monday's rebound from the worst week in 30 months. The benchmark BSE Sensex lost 67.30 points or 0.09% to close at 78 ..
Commenting on the day’s action, Vinod Nair, Head of Research at Geojit Financial Services said the domestic market concluded flat ahead of the holiday, with metal and power stocks dragging performance while FMCG and auto sectors gained from recent corrections. “The near-term market trajectory hinges on the outcome of Q3 results and the Union budget, but caution prevails due to a strong dollar, hig ..
