Stock Market Today: Nifty closes at 13478
Indian indices closed in red on selling pressure led by weak global and domestic environment. Indian benchmark equity indices ran into profit booking today, though they recovered smartly from intraday lows. At close, the NSE Nifty was down 51 points or 0.4% at 13478. Volumes on the NSE were a bit lower than recent average. Among sectors, FMCG and Metals were the main gainers while Media, PSU Bank, Auto were the main losers. Stocks were mostly lower Today in Asia after weakness in technology companies’ shares led an overnight decline on Wall Street.
Nifty has critical support at 13350 and its breakdown may result in further correction ahead. In the case of a rebound, the 13550-13600 zone would act as a hurdle: Reuters