Mazhar Mohammad of Chartviewindia.in said the near-term trend may remain directionless, as Nifty50 appears to be in a new trading range between 16,350-16,160.
Selling was also seen in mid and smallcap space, with hundreds of counters hitting lower circuit limits. Analysts believe weak global cues soured the sentiments back home.
Nifty today: SGX Nifty down 25 points; here s what changed for market while you were sleeping indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Nifty: Market Watch: Is market momentum shifting from midcaps to largecaps? indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.