Markets on Friday ended lower, amid weak global cues, as investors booked profits after sharp gains in the previous session which lifted the benchmarks to 18-month highs. Further, testing of a nuclear weapon by North Korea also dampened sentiment for riskier assets.
The S&P BSE Sensex ended down by 248 points at 28,797 and the Nifty50 slipped 86 points to settle at 8,867. In the broader markets, BSE Midcap and the Smallcap indices eased between 0.5%-1% each. Market breadth ended weak with 1604 losers and 1146 gainers on the BSE.
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The selling pressure continued for second consecutive session on Friday, tracking weakness in global peers again and further profit booking in banks, auto, FMCG and metals stocks. The 30-share BSE Sensex fell 127.71 points to 26635.75 and the 50-share NSE Nifty slipped 33.55 points to 8170.05. The broader markets also caught in bears’ grip with the BSE Midcap and Smallcap indices falling 0.2-0.4 percent. Experts feel the consolidation may continue in near term and says any sharp fall will be buying opportunity as they are bullish on India.
Next week will be very important globally as Federal Reserve will be holding a two day meeting that will start on June 14. After the recent speech by Fed Chairperson Janet Yellen, experts believe that there won’t be a rate hike in June policy but the commentary will be key to watch out for.
Here are some picks from the week gone by.
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The market ended with super gains boosted by index heavyweights. The Sensex closed up 286.92 points or 1 percent at 26653.60, and the Nifty was up 79.90 points or 0.9 percent at 8149.55. About 1401 shares have advanced, 1173 shares declined, and 189 shares are unchanged.
SBI gained 9 percent while Sun Pharma was up 6 percent. Adani Ports, Reliance and Bajaj Auto were other gainers in the Sensex. Among losers were ONGC, Axis Bank, ITC, GAIL and NTPC.Here are some picks from the week gone by.
Here are some picks from the week gone by.
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The week ended on a mixed note as the market ended with major losses. The Nifty ended below 7850, plunging 85.50 points or a percent. The Sensex shaved off 300.65 points or a percent at 25489.57. Asian Paints, Tata Motors and NTPC were top gainers while Adani Ports, HUL, Tata Steel, HDFC and BHEL were losers in the Sensex.
Here are some picks from the week gone by:
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An ounce of performance is worth pounds of promises – Mae West
The week that just ended, saw many companies declare their results. It was a nail-biting experience for quite a few as there could be hits and misses. But we do hope as always that our users got away unscathed. Here are some of the picks from the week just gone by. Happy Investing.
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The week was marked by the announcement of results of IT bellwethers Infosys, TCS and Wipro. And of course, the torch bearer of the market, Reliance.
An action packed week came to an end and we do hope our followers would have made money.
Here are some of the picks from the week that just went by.
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