Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying GAIL, and Kajaria Ceramics tomorrow
livemint.comStock Market News: Profit-booking took centre stage on Friday's session, prompting the domestic benchmark indices, the Nifty 50 and Sensex, to give up early morning gains and remain in the negative throughout the day's trading.Market experts noted that the market breadth too favoured the bears as only 18 stocks in Nifty 50 marched higher against 32 stocks which slid down. Interestingly, in broader markets, Nifty MidCap 50 finished slightly above the dotted lines.
One more encouraging observation was that the India VIX continued its downward trend, dropping 1.27% and found it difficult to stay at 13.Major domestic and international economic data will determine the market's perspective next week, according to Arvinder Singh Nanda, Senior Vice President of Master Capital Services. Core PCE Price Index (YoY) (May), US GDP (QoQ) (Q1), Initial Jobless Claims, UK GDP (YoY), UK GDP (QoQ), and India Infrastructure Output (YoY) (May) will be the focus.Also Read: Stock market today: Sensex, Nifty 50 end in the red on profit booking amid weak global cuesThe index started the truncated week on a soft note and witnessed lackluster move throughout the week.
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