ALSO READSensex slips 152 points, Nifty closes at 10,303; Bharti Airtel top loser Nifty fails to hold above 9,900; BSE Midcap, Smallcap hit fresh highs Sensex ends flat, Nifty below 9,800; broader markets underperform Markets end flat; Sensex hits fresh closing high, Nifty closes at 10,451 Markets extend gains for 4th day; Sensex up 118 pts, Nifty ends at 10,326
Market rundown by Vinod Nair, Head of Research, Geojit Financial Services "Widened fiscal deficit and increasing fuel price on account of volatility in crude prices dampened the market sentiment. Mid & small cap underperformed but silver lining was seen in IT index on expectation of turnaround in spending. If the earnings season pick up steam as per the expectation of 15-20% YoY EPS growth for Nifty & Sensex in Q3, the underlying positive trend in the market will be maintained. " Top sectoral loser: Nifty Realty IT stocks rally, Nifty IT up 3% Sectoral Trend Sensex Top gainers and losers Markets at Close Benchmark indices were rangebound on Tuesday as gains in IT stocks were offset by losses in oil refiners such as Hindustan Petroleum Corp, with sentiment dampened after data showed the country’s trade deficit widened in December. The S&P BSE Sensex settled at 34,771, down 72 points while the broadeer Nifty50 index ended at 10,700, down 41 points.