Monday, 2 July 2018



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In the week gone by, the equity market witnessed volatile trade on the back of rising crude oil prices, rupee devaluation and weak global triggers.

The Nifty ended the June series on a weak note as it fell sharply below 10,600 levels. It touched an intraday low of 10,571 and made a lower-band on a weekly basis.


On Friday, the Nifty witnessed buying throughout the day and managed to close above 10,700 levels led by FMCG and metal companies. The index recouped about 125 points on an intraday basis to close above its 10-day exponential moving average of 10,714.30, but down about a percent on a weekly basis.

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