Tuesday 21 June 2016

21 June 2016 Stock Market Closing Update,

04:14  , , , ,  3 comments

The market has seen small bouts of profit booking amid consolidation on Tuesday after rallying nearly a percent in previous session due to easing of Brexit worries.

Banks, infra, healthcare and select IT stocks lost momentum while textile shares hogged the limelight. The 30-share BSE Sensex fell 54.14 points to 26812.78 and the 50-share NSE Nifty declined 18.60 points to 8219.90 while the BSE Midcap and Smallcap indices outperformed, up 0.12 percent & 0.36 percent, respectively.


Expects expect the market to be rangebound till the Britain's referendum on June 23that will decide whether UK to stay in European Union or leave. According to them, global markets already priced in the easing of Brexit concerns but there can be further rally if Britain remains in 28-member union.


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3 comments:

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