Weakness seen towards 14450-14300 levels on Nifty: Motilal Oswal
Motilal Oswal says that Indian equity market opened positive yet again but soon after a range bound move in the initial hour, it saw a steep fall again. Nifty plunged 163 points (-1.1%) to close at 14,558, while Sensex fell 585 points (-1.2%) to end at 49,217. The broader markets too fell with Nifty MidCap 100/Nifty SmallCap 100 down -1.4%/-1.3%.
Banks, Realty and Energy fell 1-2% while Infra, Auto and Financials fell less than 1%. India VIX continued to fall marginally by 0.4% to 20.1 levels: Reuters