Stock Market Updates for the Day (16th June '11)
The market ended notably lower today as investors pressed sales ahead of RBI's monetary policy review. A mixed close in Asian markets and weak European stocks too hurt sentiment to an extent.
The Sensex ended at 18,127.82 (provisional) with a loss of 177.99 points or 0.97%. The Nifty closed at 5447.10, down 53.40 points or 0.97%.
Bank, realty, IT, power and oil stocks ended with notable losses. PSU, metal and capital goods stocks too declined. Auto, pharma and FMCG stocks found modest support at lower levels.
Midcap and smallcap stocks declined after moving sideways for a long time. The overall market breadth was weak.
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