20 February 2014

MID SESSION COMMENTARY FOR 20-FEB-2014

DECLINATION IN BANK STOCK :-
Markets continued to remain under pressure on Thursday morning as financial heavyweights like ICICI Bank, HDFC, and HDFC Bank declined by 1-2% each. More than two thirds of the scrips on Sensex were trading lower compared to yesterday's close.
On Thursday volatility was witnessed in market as market  indicates weakened once again after trimming intraday losses in mid-morning trade. the  Sensex was down 89.86 points off close to 30 points from the day's high and up about 45 points from the day's low. overall health of the market, was negative. Weakness in Asian stocks hit sentiment on the domestic bourses adversely.
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