A selloff towards the
fag end of Friday's session dragged the benchmark indices lower after a
range-bound trade for most part of the day .Reliance Industries and banking
stocks remained the top drags for the indices with the Bank Nifty dipping 1.17 per cent .On a weekly basis, both
the Sensex slipped 0.5 per cent
each.In the broader market, the S&P BSE MidCap index was down 1 per cent to
14,721, while the S&P BSE SmallCap ended the day 110 points, or 0.76 per
cent, lower at 14,366. BUZZING STOCKS RITES shares rallied 6.05 per cent to Rs 293.65 on the
BSE on Friday after the company said its board will meet on June 24, 2019 to
consider bonus issue proposal. Gruh Finance shares slipped 8 per cent to Rs 285
on the BSE in early morning trade after the promoter Housing Development
Finance Corporation (HDFC) sold more than 4 per cent of the company's paid-up
capital in the open market. However, the stock ended the day 5.4 per cent lower
at Rs 291.85.
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow.
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow.
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