Markets are fluctuating in a narrow range as budget movements have started taking place, and the quarterly reporting season kicked in, with investors concerned that the govt’s move to ban high-value notes would hit corporate earnings.
Both Sensex and Nifty swung between gains and losses all through the day, but later moved to red dragged by oil and gas, power and energy stocks. BSE Sensex settled the day at 26,726.55, down 32.68 points, while the broader Nifty50 ended at 8,236, down 8 points. Broader markets outshined the headline indices with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively.
About 1567 shares advanced while 1253 shares declined on the BSE.
Tata Motors settled 0.62% higher to Rs 500, on BSE, after the Jaguar Land Rover (JLR) reported 12% rise in total retail sales of 55,375 vehicles in December 2016 over the previous year.
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