Journalism of Courage
The BSE Sensex ended lower in a range bound session on Wednesday,the first trading day of 2014,as software stocks including Tata Consultancy Services fell on profit-taking.
The rupee ended lower on Wednesday,the first trading session of 2014,with traders focused on key macroeconomic data ahead of the Reserve Bank of Indias rate meeting later this month.
The benchmark BSE index fell 0.14 per cent,or 30.20 points,to end at 21,140.48.
The rupee closed at 61.90 per dollar compared with 61.80 on Tuesday,in a range-bound trading session.
Volumes on the benchmark BSE Sensex remained thin,dropping for a second consecutive session with most global markets closed for New Year holidays.
The broader Nifty edged down 0.04 per cent,or 2.35 points,to end at 6,301.65,closing just above the psychologically important 6,300 level. Analysts say with US Federal Reserves taper fears behind for now,momentum in foreign inflows will be determined by third-quarter earnings and December inflation data scheduled later this month.
