Equities across major bourses continued to drift aimlessly even as the Kargil issue is yet to be resolved. Reflecting the general trend, the BSE Sensex ended the day at 4,140.73, a loss of 30.10 points over the previous close. The S&P CNX Nifty shed 3.60 points to end the day at 1,187.70. The general consensus among players is that the lacklustre trend will continue till a solution is worked out to end the border skirmishes. Players are of the view that only a positive development can trigger off fresh buying interest.
Broader picture
The broader market fell in line with large cap stocks, testifying to the depressed trend. The BSE 100 slipped by 7.70 points to end the day at 1,790.51 while the BSE 200 lost 1.57 points to close at 409.56. The S&P CNX 500 closed 1.64 points lower at 806.10. The CNX Nifty Junior shed 0.90 points to close at 1,954.70 while the CNX Midcap 200 lost 1.32 points to close at 693.47.
