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The indices hit a
record-high at opening, with the S&P BSE Sensex touching the 39,571.73-mark while Nifty reached 11,883.55 levels, before trimming
gains in a volatile session that saw India VIX rise over 8 per cent.The
broader Nifty50 also slipped 119 points to settle at 11,709. The market breadth
remained in the favour of sellers with about 1,145 stocks declining and 609
stocks advancing on the NSE.All the sectoral indices ended the day in red,
with Nifty Auto and Nifty Media taking the biggest hits, down 2.52 per
cent and 2.32 per cent, respectively. On expected lines, Nifty consolidated after hitting the record
high of 11,883 on May 21 and made a large bearish candle or a Dark Cloud Cover
pattern on the daily candlestick charts.A Dark Cloud Cover pattern is a two
candle pattern which is formed where the second candle opens above the close of
the bullish candle formed in the previous session and then closes below the
midpoint of the previous candle. JK Cement surges 17% in two days on
strong Q4 earnings; hits 52-week high.Bajaj Finance joins
Rs 2-trillion m-cap club; stock zooms 105% in 14 months. HPCL, BPCL and Indian Oil Corporation decline
up to 6%.Quant funds are suitable for savvy
investors with equity portfolio..Torrent Pharma slips 8% after reporting net loss of Rs 152 crore
for Q4
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