Because of 4% loss to State Bank of India, the largets bank of the contry as well as the news of cutting off import duties on cement resulted in negative affect on the stock market.
State Bank of India suffered Loss of 4% in last quarter which means little disturbance in market. BSE sensex closed at 14041.24 after suffering a loss of 168 points .
Almost 28 shares suffered loss today out of 30 included today in Sensex.
Basically, market is looking on foreign investors because this month there was no big investment from foreign investors and hence stock market is laidback and want to see the affect of the upcoming big investments.
Also the market is somehow affected by Govtment's policy to take off import duties on 11 products.