A morning walk down Dalal Street | Breach of 11,769 will take Nifty towards 11,600
Episode 1289, Jun 10, 2019, 01:30 AM
Benchmark indices closed with minor gains. But, for the week that ended on June 7, both Sensex and Nifty snapped their three-week winning streak and closed with losses of 0.25 percent and 0.44 percent respectively.
The broader market underperformed benchmark indices by a wide margin for the week that ended on June 7. The S&P BSE Midcap index slipped 1.26 percent, and the S&P BSE Smallcap index was down 1.4 percent in the same period.
As many as 20 stocks in the S&P BSE 500 index fell 10-30 percent in just four trading sessions, which include names like Reliance Communications, Radico Khaitan, Edelweiss Financial Services, Kwality, Jaiprakash Associates, Jet Airways, Reliance Power, Manpasand Beverages, Reliance Infra, and Eros International Media.
The rupee on Friday fell by 18 paise to close at 69.46 against the US currency on the strengthening of the greenback in overseas markets and rising crude oil prices.