The Nifty constantly faced stiff resistance around 10,850. Towards expiry, selling in heavyweights triggered the Nifty to end 1.5 percent lower for the June series.
Divergence in Nifty & broader markets continued, with midcap and small cap falling 3x and 6x, respectively, compared to the Nifty.
Looking at equity flows, DII buying of well over $2 billion failed to soothe the midcap & small cap space as FIIs sold over $1 billion and pushed stocks lower.
Negative news flows was not only domestic (rupee making record lows, surpassing 68 levels) but also global (emerging market sell-off and dollar, crude up move continued during June).
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/freeTrial.aspx
Divergence in Nifty & broader markets continued, with midcap and small cap falling 3x and 6x, respectively, compared to the Nifty.
Looking at equity flows, DII buying of well over $2 billion failed to soothe the midcap & small cap space as FIIs sold over $1 billion and pushed stocks lower.
Negative news flows was not only domestic (rupee making record lows, surpassing 68 levels) but also global (emerging market sell-off and dollar, crude up move continued during June).
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/freeTrial.aspx
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