Weakness continued in afternoon trade, DLF jumps on buzz

Downside continued in afternoon trade as the gauge index, the S&P BSE Sensex, was trading with failures of more than 1 Per cent for the intraday. The 50-script CNX Nifty was at present trading with failures of almost 1 Per cent for the intraday. The market wideness demonstrating the overall strength of the market was poor, with almost 2 failures for every gainer on BSE. The Sensex was at present off 293.61 points or 1.01 Per cent at 28,636.80. Meanwhile, the Rajya Sabha yesterday, 12 March 2015, passed the Insurance Laws (Amendment) Bill, 2015, paving the method for raise in the limit for foreign investment in the insurance division to 49 Per cent from 26 Per cent.

Weakness continued in afternoon trade, DLF jumps on buzz