The BSE benchmark Sensex gave up the gains to end the unfavorable terrain of 600-point.
The sentiment of investors got hurt when Pakistan fighter jets violated Indian air space in Jammu and Kashmir’s Poonch and Nowshera sectors.
The officials said inflation had remained warm and global among the Emerging Markets for preferred investment destination.
The BSE benchmark Sensex gave up the gains to end the unfavorable terrain of 600-point swing amidst the rise in cross-border tension.
Opened with a positive note, 600 points were gained in the 30-share Sensex, but later it turned volatile triggered by participants. Finally, 68.28 points or 0.19 percent, lower at 35,905.43 was decided as the settlement point.
Similarly, the 50-share Nifty ended 28.65 points, or 0.26 percent, lower to 10,806.65.
The officials said Inflation had remained warm and global among the emerging markets for preferred investment destination.
Pakistan claimed that it shot two Indian military aircraft over Pakistan air space and arrested one of the pilots. Later that day Pakistan did try to counter India’s operations but failed miserably.
The Indian Air Force on February 26 struck Jaish-e-Mohammed’s (Jem) camp in Pakistan killing nearly 300 terrorists.
According to provisional data, the domestic investors sold worth Rs 720.27 crore, whereas Foreign institutional investors (FIIs) bought shares worth Rs 1,674.17 crore.
In the Sensex as per the reports on February 27, Tata Motors was the top loser at 3.01 percent, followed by Vedanta shedding 2.92 percent.
The BSE consumer durables were the worst performer that fell to 0.70 percent, followed by power 0.45 percent, bankex 0.44 percent, metal 0.42 percent, teck 0.38 percent, FMCG 0.35, IT 0.30 percent and oil & gas 0.17 percent.