Mumbai, May 6 -- Amidst extreme volatility, the stock market inched up marginally by 17 points as the 30-share BSE sensex closed at 73895.54 mainly on the strength of IT, Health Care and Reality segment stocks.
The enthusiasm in the IT segment was however moderated by the PSU stock and PSU banks as the investors awaited decision on Fed's rate cut. This was further hit by the draft guidelines of the RBI which has proposed higher provisioning for under-construction infra projects.
The National Stock Exchange (NSE) fell 33.15 pts to close at 22,442.70.
FII continued to sell in the cash segment of the market. According to data available, FFI sold equities worth Rs 2,391 crore on the last trading session that is on May 3 while the Domestic In...