Wall St edges lower in muted session
NEW YORK (Reuters) - U.S. stocks ended a quiet session with slight moves on Monday as investors found few reasons to keep pushing shares higher following a six-week advance, though the longer-term trend was still viewed as positive.
The Dow Jones industrial average slipped 22.58 points, or 0.16 percent, at 13,970.39. The Standard & Poor's 500 Index lost 0.96 points, or 0.06 percent, at 1,516.97. The Nasdaq Composite Index shed 1.87 points, or 0.06 percent, at 3,192.00.
(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
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The Nifty will stay in a broad band of 7,800-8,200 with an immediate resistance at around 8,050 levels. One should look to selectively accumulate in sectors such as infrastructure, capital goods, cement, power and metals. The outperforming sectors such as pharma, IT and auto ancillaries could take a breather due to international headwinds, writes Ambareesh Baliga. Full Article
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