Indian stock market to see fireworks on US I-Day(Market Outlook)
Sun, Jul 4 2021 14:03 IST |
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Bombay Stock Exchange (BSE). (File Photo: IANS). Image Source: IANS News
The week gone by was quite predictable and had become fairly lacklustre over the first four days. Friday was different and indicated that the coming week would have a different opening and behave differently. BSESENSEX lost 440.37 points or 0.83 per cent to close at 52,484.67 points. NIFTY lost 138.15 points or 0.87 per cent to close at 15,722.20 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.66 per cent, 0.65 per cent and 0.32 per cent, respectively. BSEMIDCAP was down a mere 0.19 per cent, while BSESMALLCAP was up 2.28 per cent. This indicates that the number of smaller stocks advancing were higher as the Smallcap forms the lowest priced stocks in general in the market. This is the area of concern as retail investors tend to invest in these stocks and they do not have adequate
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