- Back to start of the week: Market breadth turned negative after remaining positive for the last three consecutive days. On BSE, 1391 shares declined while 1362 shares gained.
- Metal stocks decline as global commodity prices tumble: BSE Metal Index was the worst performing sectoral index with Tata Steel, Hindalco, Hindustan Copper, and Nalco declining 2.7 percent, 3.34 percent, 1.14 percent, and 1.26 per cent respectively.
- Expectations of normal monsoons still alive: After Met Department said that quantitatively, rainfall is likely to be 96 percent of long period average which is considered to be normal, FMCG stocks rose.ITC hit 52 week high (252.9) along with HUL (464).
- Another ATF cut may be in the offering: India crude oil basket hit near 18-month low , this helped Aviation stocks to rise once again .Barring Kingfisher Airlines,Jet Airways and SpiceJet rose 2.43 per cent and 2.14 per cent respectively.
- Profit booking seen in Capital good stocks: After sustaining the momentum for the two consecutive days, Counters like L&T, BHEL pared all its gains and closed down 0.81 per cent and 0.74 per cent respectively.
First Published: Friday, June 22, 2012, 17:33