realty stocksThe market had been trying to recover after 2 days fall, but at the ending hours, all efforts were wasted. Both Benchmark index closed flat. SENSEX closed near 26300 levels, while Nifty closed near 8100 . the market was under pressure due to selling in Pharma, FMCG, Banking, Metal and consumer durable and Oil& gas sectors.
Experts said there is a lot of chaos due to the ban on 1000 and 500 currency notes. But we will see good effects in long term. global uncertainty is the main concern of market, due to fear of a rise in US Fed rates, the Indian market witnessed high sell-off of Foreign institutional investors. Besides, FIIs are concerned with cross-currency movements. Indian Market is looking good for long term, but we will not advise investing in the short term due to uncertainty.