The Sensex opened on a subdued note taking cues from weak Asian peers. All the major sectoral indices were in the red with realty, power, capital goods and banks leading the decline.
According to analysts, the correction in the market is likely to come to an end post earnings season and investors should adopt buy on dips strategy ahead of the budget.
Fitch ratings has maintained its negative outlook on the indian economy, citing poor performance in policy implementation as well as the general elections scheduled for 2014, despite encouraging signals from the government and a positive momentum in achieving fiscal consolidation.
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