A morning walk down Dalal Street | Nifty may move towards 11,800 if it sustains above 50-day EMA on closing basis
Episode 1335, Jun 20, 2019, 01:30 AM
It was a volatile Wednesday and profit taking at a higher level is clearly visible.
The big disappointment came from the broader market which has been under pressure for quite some time now. Even though benchmark indices closed flat-to-higher, the carnage was seen in individual stocks largely from the broader market space.
The S&P BSE Midcap and Smallcap both ended with losses of 0.7 percent and 1.4 percent, respectively.
More than 500 stocks on the BSE hit their fresh 52-week low including Jain Irrigation, Jet Airways, Reliance Capital, Aksh Optifibre, Bosch, HEG, CARE Ratings, Indiabulls Housing Finance, Yes Bank, Lupin and TTK Healthcare, among others.