Friday, 10 June 2016

Market Review: Sensex snaps 2-week gaining streak; Hindalco surges 10% -- 11 June 2016

 The 50-share Nifty index lost 50.75 points to 8170.05 from 8220.80 during the same period.
                                      
Among the 51 components in the Nifty pack, 29 stocks ended the week in red with Infosys  decling the most — 6.78 per cent, followed by Aurobindo Pharma (down 5.88 per cent), Bosch (down 3.54 per cent), Asian Paints (down 3.11 per cent) and Dr Reddy’s Labs (down 2.95 per cent). On the other hand, Hindalco, UltraTech Cement, State Bank of India and Bharat Heavy Electricals gained 9.52 per cent, 6.29 per cent, 4.83 per cent and 4.75 per cent, respectively, and remained among top losers on the Nifty 50 chart for the week ended June 10, 2016.

The BSE IT index, TECk, Telecom, Healthcare slid 3.48 per cent, 3.21 per cent, 1.73 per cent and 0.97 per cent during the week. However, the BSE Power index, Metal and Capital Goods gained 3.32 per cent, 2.73 per cent and 2.40 per cent, respectively.
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