Most sectoral indices ended lower for the week.For the week, investor wealth as suggested by BSE market capitalisation (m-cap) fell by Rs 92,000 crore. However, polls suggesting a lead for the 'Bremain' camp over the 'Brexit' camp helped the market some confidence. "Currency fluctuations will affect stocks such as Tata Motors, Tata Steel, Tech Mahindra , HCL Tech, Hindalco, Motherson Sumi, which have major businesses or investments in Europe or Britain. Provision figures showed the institutional category sold Rs 629 crore worth of equities on Friday.Nifty50 stock Tech Mahindra sank 5.3 per cent, while Tata Motors DVR slid 4.5 per cent. But the outcome ofFriday came as a bolt from the blue.The BSE Sensex ended the week at 26,397.71, down 228.20 points, or 0.86 per cent, over its previous week's close.
Source: Economic Times June 26, 2016 06:34 UTC