Sensex ends lower; Tata Motors skids on JLR worries
Investors are gearing up for more results from blue chips such as Maruti Suzuki India Ltd and a critical Reserve Bank of India decision on interest rates. Sensex resistance at 20,000? Midcaps take a plunge!
The mid-cap and small-cap stocks witnessed major selling pressure. Traders attributed it to profit booking. BSE Mid Cap Index ended 2.51% down. Excitement on cyclical stocks faces reality test by earnings reports
Banks like Goldman, Morgan Stanley and Deutsche Bank have issued reports arguing that cyclicals will help indexes hit record highs.
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