Indian stocks markets were lower today amid a fall in other global markets. The Sensex was down 76 points at 20,811.61 while Nifty was off 23 points at 6,198.
Auto stocks were hit today with Tata Motors, Bajaj Auto, and M&M down over 1 per cent each.
It was another volatile day for the Indian equity markets. Though the markets remained range bound in the first half after opening gap up, towards the end it witnessed a sharp selling. Earlier the rumors suggested that it was a basket selling by the two larger FIIs as there were rumors of Indian PM stepping down from his post.
As a result the Sensex rallied about 280 points in intraday trade and then fell 485 points from its day's high to close at 20,888.33, down 252.12 points. The Nifty ended at 6,221.15, down 80.50 points. Few of the experts suggested that, there was obviously some kind of basket selling thanks to the return of the FIIs after a holiday season.
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