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The Sensex closed down 0.34 per cent or 57.60 points at 17,025.09, while the Nifty also closed down 0.27 per cent or 14.05 points at 5,118.25 today.
“Now that the Greece crisis has considerably blown over and with expectations of reasonably good results on the domestic front, the Sensex and Nifty have been range-bound over the last few days. This I think will continue for the next two or three days,” said Mr Gajendra Nagpal, Founder and CEO, Unicon Financial Intermediaries.
Tata Motors (up 4.5 per cent), Maruti (up 2.4 per cent) and DLF (up 1.5 per cent) were the top three gainers while RIL (down 3.8 per cent), NTPC (down 2.6 per cent) and Jaiprakash Associates (down 2.2 per cent) were the top three losers.
Analysts were of the opinion that RIL was also responsible for dragging down the index further.
“While there has been improvement in global cues pulling in some FII flows; domestic cues continue to stay bearish tracking weak growth momentum and inflationary pressures. The high interest rates continue to keep fixed income assets an attractive investment destination,’’ said Mr Moses Harding - Head Global Markets Group, IndusInd Bank.
At the time of closing of the Indian markets, the European markets were all up 0.5 per cent each. Rupee was down 0.2 per cent to end the day at Rs 48.89 per US dollar.
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