Dalal Street edges down amid low volumes, global uncertainty
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India's equity indices fell around half a per cent on Friday, as investors trimmed bets ahead of the weekend amid thin, year-end holiday trading. Gold and silver jumped to all-time highs, extending their record-breaking rally. The Nifty finished at 26,042, closing 99 points or 0.4% lower. The Sensex ended at 85,041, down 0.4% or 367 points. Both indices closed up to 0.3% higher in the shortened trading week. "Investors are hesitant to carry positions over the weekend as global uncertainties weigh on the sentiment," said UR Bhat, co-founder & director at Alphaniti. "Due to a lack of fresh triggers, the market is expected to remain in a tight range." While most of this is priced in, any dramatic newsflow could impact the market, he said. Trading remained sparse across the globe with various Asia-Pacific markets such as Australia, New Zealand and Hong Kong, along with most of Europe shut for holidays. Live Events ...