Markets slipped in trade today erasing all the gains made so far in 2016. The Nifty is now negative for 2016 erasing all gains made so far this year and also ending at its lowest level in 2016. Midcaps got battered in trade.
As tax worries loomed large Sensex and Nifty tested their 52-week lows in intra-day trade even though Finance Minister Arun Jaitley tried to calm frayed nerves. PM Narendra Modi’s statement that those who make money from the markets are not paying their fair share in taxes made investors nervous. Markets slipped in trade today erasing all the gains made so far in 2016. The Nifty is now negative for 2016 erasing all gains made so far this year and also ending at its lowest level in 2016. Midcaps got battered in trade. The 50-share index ended at 7-month closing low, below Brexit day low of 7927 Monday. The Nifty ended lower in 12 of 18 sessions this month, most since March 2015. The Sensex and Nifty erased 2016 gains with the Sensex now down over 1 percent while Nifty is down 0.5 percent for the year. The Nifty ended down 72.55 points or 0.9 percent at 7913.20 while the Sensex was down 220.60 points or 0.8 percent at 25820.10.
Losers :
As tax worries loomed large Sensex and Nifty tested their 52-week lows in intra-day trade even though Finance Minister Arun Jaitley tried to calm frayed nerves. PM Narendra Modi’s statement that those who make money from the markets are not paying their fair share in taxes made investors nervous. Markets slipped in trade today erasing all the gains made so far in 2016. The Nifty is now negative for 2016 erasing all gains made so far this year and also ending at its lowest level in 2016. Midcaps got battered in trade. The 50-share index ended at 7-month closing low, below Brexit day low of 7927 Monday. The Nifty ended lower in 12 of 18 sessions this month, most since March 2015. The Sensex and Nifty erased 2016 gains with the Sensex now down over 1 percent while Nifty is down 0.5 percent for the year. The Nifty ended down 72.55 points or 0.9 percent at 7913.20 while the Sensex was down 220.60 points or 0.8 percent at 25820.10.Losers :
| HINDALCO CIPLA AUROPHARMA BANKBARODA LUPIN | 151.30 555.30 623.25 147.75 1,399.05 | -5.02 -4.64 -3.75 -3.43 -3.23 | 1,02,29,442 21,06,357 27,18,624 61,51,900 8,77,985 |
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