Capital goods, auto stocks lead decline BloombergUTV
A spat between regulators on oversight of unit linked insurance products or Ulips weighed on the domestic bourses in what was a volatile trading session. Finance Minister Prananb Mukherjee was after market hours quoted as saying in the electronic media that the status quo on Ulips will continue. The BSE 30-share Sensex fell 80.14 points or 0.45%, off close to 140 points from the day's high and up close to 35 points from the day's low. Auto, capital goods and banking stocks led the fall. However, the market breadth was positive. India's largest IT exporter by sales Infosys edged higher ahead of its fourth quarter results on Tuesday, 13 April 2010.
The stock market was volatile. The market bounced back soon after opening with a downward gap. The market slipped into the red shortly. The market came off the lower level after hitting a fresh intraday low in morning trade. The intraday recovery gathered further steam later with the key indices turning positive in afternoon trade tracking
