Mumbai, Feb 15: A day after a major militant strike in Jammu and Kashmir and subsequent India-Pakistan diplomatic tensions soured the overall market sentiment in the Indian equity market last trading day of the week.
Investor sentiment was also hampered due to a spike in the crude oil prices, along with heavy outflows of foreign funds.
“For the days ahead, one should be cautious of government’s stance related to the CRPF attack,” said Debabrata Bhattacharjee of CapitalAim.
According to other market observers, negative global cues and a weak rupee dented investor sentiment. However, a sharp recovery in the afternoon session helped curb the losses.
