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Use falls in rates to buy, otherwise stay on the sidelines

The markets were down about 300 points on the BSESENSEX at the end of Tuesday and gave an opportunity to promoters to buy their own shares

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North Korea's leader Kim Jong Un (l) with Singapore PM Lee Hsien Loong (r) at the latter's official residence in Singapore. World markets will be watching Kim and Donald Trump's meet on June 12. Pic/AFP

North Korea's leader Kim Jong Un (l) with Singapore PM Lee Hsien Loong (r) at the latter's official residence in Singapore. World markets will be watching Kim and Donald Trump's meet on June 12. Pic/AFP

Markets continued their volatility and after the first two days of trading last week, looked as if they would close negative. The markets were down about 300 points on the BSESENSEX at the end of Tuesday and gave an opportunity to promoters to buy their own shares. The BSESENSEX at the end of the week was up having gained 216.41 points or 0.61 per cent to close at 35,443.67 points. NIFTY was up 71.45 points or 0.66 per cent up at 10,767.65 points. The broader markets saw the BSE100, BSE200 and BSE500 gain 0.77 per cent, 0.78 per cent and 0.65 per cent respectively.

Power
The top sectoral gainer was BSEHEACARE up 3.57 per cent followed by BSEMETAL 2.51 per cent and BSEOIL&GAS 2.08 per cent. The top sectoral loser was BSEPOWER down 1.77 per cent followed by BSECAPGOODS 1.04 per cent and BSEBANKEX 0.64 per cent. The top individual gainer was Sun Pharma up 8.58 per cent followed by Aurobindo Pharma 6.47 per cent, Cipla 6.25 per cent and Lupin 5.92 per cent. The top loser was Power Grid down 3.73 per cent followed by Bank of Baroda 3.66 per cent and HDFC Bank 2.93 per cent.

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