Domestic equity benchmarks continued their upward march for a sixth consecutive day as S&P BSE Sensex ended the day 284 points or 0.84% higher, while the 50-stock Nifty ended the day at 10,061 levels. This for the first time in March 11, that the Nifty 50 was seen moving around those levels. “Indian equity markets continued to rise for the sixth straight session on June 3 – the longest winning streak in ~7 months. Profit-taking in the last one hour of trade cut the gains to some extent. At the close the Nifty was up 82.40 points or 0.83% at 10061.50. Markets rose on high volumes and were led by gains in Financials, Gas distribution, and Aviation stocks. Auto, Power IT and Cement stocks fell.
While both the benchmark indices ended the day in the green, interestingly both the indices gave up gains during the second half of the day. Nifty 50 ended the day 141 points lower from the day’s high while BSE Sensex finished 340 points lower from the day’s high.
