The Bombay Stock Exchange (BSE) Sensex and National Stock
Exchange (NSE) Nifty rebounded quite smartly in late trade on Friday that
helped them to close higher in all of the week sessions. The market saw highest
ever weekly absolute gains in 2012, with the Nifty rising approxmetlly 5% and
the Sensex 5%.
Looking at the sharp recovery, it seems that the market
is closely watching big events that will happen next week: According to industrial
output data for April on June 12, inflation for May on June 14 while globally
the Greece election on June 17
According to the accompanying audio:-
Today, the Bombay Stock Exchange (BSE) benchmark
recovered 234 points from intraday low of 16,485.02, before closed up 69.82
points at 16,718.87. Meanwhile, the National Stock Exchange (NSE) benchmark
rebounded from intraday low of 4,994.80, which ended up 18.70 points at
5,068.35.
Recovery in European markets and Indian rupee, and short
covering helped the market to bounce back today.
At 15:45 hours IST, the rupee fell 50 paise to 55.44 as
against the US dollar, which recovered 25 paise from day's low of 55.69 a
dollar
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