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Light is going right

Sentiment seems to be improving but one needs to be wary and use the sharp dips and rallies with wisdom

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Prime Minister Narendra Modi, BJP President Amit Shah, Finance Minister Arun Jaitley and BJP senior leader LK Advani during the BJP National Executive Meeting, in New Delhi. Pic/PTI

Prime Minister Narendra Modi, BJP President Amit Shah, Finance Minister Arun Jaitley and BJP senior leader LK Advani during the BJP National Executive Meeting, in New Delhi. Pic/PTI

The week gone by saw markets opening on a weak note and unlike previous weeks, saw a sharp fall on the first trading day of the week. They fell on the first three trading days and then gained but failed to close the week with gains. BSESENSEX lost 233.25 points or 0.66 per cent to close at 38,389.82 points. NIFTY lost 91.40 points or 0.79 per cent to close at 11,589.10 points. The broader indices saw the BSE100, BSE200 and BSE500 lose 1.03 per cent, 1.13 per cent and 1.19 per cent respectively.

Taking stock
The top sectoral gainer was BSEHEALTHCARE up 2.24 per cent followed by BSEMETAL 1.60 per cent and BSEIT 1.47 per cent. The top loser was BSEFMCG 4.81 per cent followed by BSECON DUR 3.97 per cent and BSEREALTY 3.15 per cent. In individual stocks, the top gainer was Aurobindo Pharma up 11.11 per cent followed by Wipro 6.91 per cent and Bajaj Auto 6.08 per cent. The top loser was Hindustan Unilever down 8.66 per cent followed by Zee Entertainment 6.25 per cent, Ambuja Cement 6.20 per cent and Yes Bank 6.17 per cent.

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