Nifty remained below 8000,
Sensex was up 64 points at 26435, whereas the Nifty up 19 points, or 0.3 per cent, at 7,985
and made a low of 7932.and bank nifty up 1.3 percent at 17502 and made a low of
17140. Today metal, realty, healthcare, auto, and capital goods leading the
fall and Banking & financials, select auto and oil stocks led the market
higher while the selling in IT and FMCG stocks capped the upside. After day’s
consolidation, the market ended with marginal gains. The 30-share was up 54
points at 26425 and the 50-share gained 17 points at 7982. Nifty edged higher in a choppy session
on Friday, while still on course for a third consecutive weekly decline, as
gains in Reliance
Industries after its
annual shareholder meeting, overpowered falls in IT exporters for the day.
Monsoon is clearly causing disappointments but the fact remains despite
a few rate cuts since the beginning of the year, credit growth has not
responded and is languishing below 10 percent. In addition,