The BSE Sensex switched between positive and negative territories on Thursday, as muted markets across Asia on fears that China may seek to regulate credit growth kept investors cautious.
Possible regulatory action in China is unlikely to affect India directly, but investors were using it as an excuse to take profits on a recent rally after some results from top firms disappointed during the week, traders said.
"The market just does not like such news. Apart from what is happening in China, data shows U.S. consumer confidence is also low, so all this again questions the extent of the global economic recovery," Hitesh Agrawal, head of research at Angel.
Source url : http://in.reuters.com/article/businessNews/idINIndia-41419620090730