Indian benchmark indices have corrected a little bit today. Sensex was down by 190.97 points. It closed at 57,124.31 points. Similarly, Nifty 50 lost 68.80 points to close at 17,003.80 points. Volatility has dominated the whole trading day. On the other hand, global markets performed in a mixed manner. Both Asian and European markets fared in a similar manner. US markets are closed due to Christmas holidays.
In India, when it comes to sector wise performance, IT stole the show. The block deal by HCL promoters paved a way on which other IT companies ran today. However, banking, financial, power, metal and auto stocks have seen heavy selling pressure. FIIs continued to sell and today DIIs were also joined the team.
As we talked yesterday, experts say that volatility may prevail in next week too which is going to be the expiry week. It is going to be an interesting week, as more and more companies will announce Q3 results in coming days.