Market Wrap: Sensex snaps 11-day winning streak; PSU banks buck the trend
HDFC Bank, Reliance Industries and Infosys. The domestic market ended lower, mirroring weak global sentiment ahead of key central bank meetings while concerns over global economic growth persisted.
"World shares fell while the dollar firmed on Monday as growth concerns tested investors' mettle ahead of a week brimming with central bank meetings in countries including Norway, Sweden, Switzerland, Britain, the United States and Japan," reported Reuters. The US Fed meet outcome is due on Wednesday, the Bank of England (BoE) meet outlook will be out on Thursday and the Bank of Japan (BoJ) outcome is due on Friday.
Sensex closed with a loss of 242 points, or 0.36 per cent, at 67,596.84 while the Nifty ended 59 points, or 0.29 per cent, lower at 20,133.30. (More to come)Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
. Read more on livemint.com
