Market ended the session on a weaker note, with the Nifty closing below
9900-mark.
After last week bullish run a correction has been witnessed in the markets
today. Market ended the session on a weaker note, with the Nifty closing
below 9850-level. The Sensex reversed course after staying above the 32,000
level in the last three sessions. The Sensex closed down 363 points at 31710,
while the Nifty ended 87 points down at 9829. Sentiment was hurt after the GST
Council raised the tax on cigarettes to take away an estimated Rs 5000 crore
annual "windfall" manufacturers could have reaped from lower GST
rates. The market was also pulled down by negative European and mixed
Asian peers as setbacks for a health care overhaul in the US raised doubts over
prospects for a range of reforms backed by President Donald Trump.