Nifty ends lower after hitting 10,000, Sensex off record high - News Summed Up

Nifty ends lower after hitting 10,000, Sensex off record high


It was a day of celebrations for the domestic equity market as Nifty50 claimed the magical 10,000 level for the first time ever. "The markets have crossed a sentimental barrier of 10,000 which is a phenomenal feat in itself. On the other hand, domestic inflows have been very strong and entire Mutual Fund gamete is the recipient of these. These flows are very strong and acting as a strong resistance for a market correction. "Globally, China's bluechip CSI300 index fell 0.6 per cent, to 3,719.56 points as major stock indexes retreated on led lower by resource firms after their recent strong rally, Reuters reported.


Source: Economic Times July 25, 2017 11:03 UTC



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