Sensex ends 157 pts down, but bears wary of helicopter money

Brokers say bears are wary of going short on the market as more liquidity measures—known in market parlance as helicopter money—could push stock prices higher.

The Sensex continued to struggle around the 28,000 mark to finish lower on Friday even as benchmark indices gained on the week. The weakness in Indian equities was in line with the subdued mood in Asian markets.

Stock Market News Today-Sai Proficient
                 Stock Market News Today-Sai Proficient

The Sensex closed at 28,051.86, down 156.76 points over its previous close, and the Nifty shed 27.80 points to close at 8,638.50. For the week, the Sensex rose 0.9 percent, and the Nifty by 1.1 percent.

About 1221 shares have advanced, 1462 shares declined, and 209 shares are unchanged.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s