Mumbai:- Last week there was plenty of volatility within the market and within the end both the key indices made very slight gains. The Sensex and Nifty closed with a gain of 0.33 percent. However, within the last trading week of June, the Sensex and Nifty made little gains. By the close of trading on Friday, the Sensex closed at 52907 with a gain of 0.34 percent and also the Nifty rose 0.33 percent to 15752. Talking about the whole month of June, the Sensex fell by 4.5 percent and therefore the Nifty fell by 4.8 percent.
The market saw a historic fall of rupee last week. but this, selling by foreign investors, duty on petroleum products and muted global cues kept the market harassed. Foreign institutional investors pulled out Rs 6836.71 crore from the domestic market last week. At the identical time, domestic institutional investors made purchases of Rs 5926 crore within the same period. Within the month of June, FII sold Rs 58112 crore, while DII put Rs 46599 crore within the market.
The rupee reached its the lowest by crossing the amount of Rs 79 against the dollar last week. Rupee made its new low of 79.11. At the top of the week, the rupee closed at 79.04 against the dollar. Technical analyst Manish Shah has also said that Nifty will need to exit the range of 15950-16000 for an enormous rally. He has said that when Nifty crosses 16000, then only aggressive buying will be advised.