The Sensex closed at 24,298, down 78 points over the previous close, while the Nifty closed at 7,252, down 22 points over the previous close. The advance-decline ratio favoured the bulls. On BSE, 2,081 stocks advanced against 883 declines, while 85 remained unchanged. The INDIA VIX was down 6.8% at 17.91. It hit a day’s high of 19.23 and low of 14.55. Sun Pharmaceuticals fell 1.7% to 577, after the USFDA said that the company’s response to US import ban on one of its plants lacked sufficient corrective actions.
Kotak Securities has main-