Largecaps have been in the limelight recently. As the top 100 firms gained from cost efficiency and pricing power to enhance EBITDA margins and profits, big corporations are getting bigger, noted analysts at Motilal Oswal.
The 30-share pack Sensex declined 17.43 points or 0.03 per cent to close at 58,279.48. The index traded in a range of 550 points. Its broader peer NSE Nifty fell 15.70 points or 0.09 per cent to 17,362.10.
“The domestic market traded with high volatility as investors locked in gains from the recent rally. However, the broad market maintained its buoyancy in segments, which are bound to benefit from unlocking. European shares traded with cuts ahead of the European Central Bank’s policy meeting,” said Vinod Nair, Head of Research at Geojit Financial Services.
Market at a glance:
- Coffee, tea stocks rally on demand-supply mismatch
- Bharti Airtel continues its rally, eyes Rs 700-level
- India VIX, a barometer of volatility and fear, falls over 1 per cent
- ITC gains 1 per cent after CLSA says its discount to peers at record highs
- IT stocks among biggest losers amid profit-booking
MORE TO COME..
