Sensex ends lower by 155 points - Standard Chartered Securities

In early trade, key benchmark indices edged lower on weak Asian stocks. Extended initial losses to hit fresh intraday low in morning trade.

Intraday recovery witnessed in early afternoon trade proved short lived as the market weakened again in afternoon trade. Investors turned cautious ahead of the Reserve bank of India's (RBI) first quarter review of Monetary Policy 2013-14 tomorrow, 30 July 2013, after the central bank announced measures this month to tighten liquidity in the banking system to arrest slide in rupee against the dollar.

Sensex ended lower by 155 points and Nifty closed 55 points in the red.

Midcap and Small Cap Index underperformed relative to the Sensex. Mid-Cap Index fell 1.3% and Small-Cap Index ended 0.9% lower.

Market breadth: Negative. Declines were 1.7 times Advances.

Source : Equity Bulls

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