The market closed around 450pts down at 48929, just 80pts shy of the low for the day. In what was a volatile session, the market swung from negative to positive a few times before sustained selling pressure set in at the days close. A slew of scrips fell over 4pc, presumably because of regulatory pressure over debit balances. Of late the market has struggled to find liquidity for a fresh bull charge. SSGC was a bright spot in todays somber mood closing at upper cap. NML announced consolidated EPS of Rs8.8 half yearly. BWCL reported cash dividend of Rs3 and quarterly EPS of Rs6.5.
Early provision of a leverage product for investors and profit selling should open up valuations for lifting market sentiment at lower levels.
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