Stock Market Loses Footing on Profit-Taking

January 14 17:13 2014

sensexMumbai, Tuesday, January 14 – Equity market slipped on Tuesday on profit-taking subsequent to rally of Monday. At the same time as Nifty descended by 35 points at 6,237, the Sensex went lower by 106 points at 21,027.

On anticipations that the Reserve Bank of India will maintain interest rates at the present marks and the US Federal Reserve will continue its monetary policy loose for longer, the BSE Sensex soared almost 2 % on Monday to register its chief daily augment in 2014.

Moreover, investors stayed watchful earlier than the last month wholesale price inflation statistics, which is expected to come tomorrow, prior to the price analysis of RBI on Tuesday, January 28.