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I had mentioned in Wednesday closing report that
Sensex, Nifty is trendless. Today the indices moved flat upto 12.30 pm after
which it gained momentum and edged higher to cover up more than the past two
days losses. The gain has been backed by the move of Britons to vote on a
referendum on whether Britain should remain a part of the European Union.
Initially, both the key indices opened on a
flat-to-positive note, in-sync with their Asian peers, as investors were seen
optimistic that Britain will stay on in the European Union.
Increased chances of Britain staying on in
the European Union, combined with higher crude oil prices and a strong rupee,
buoyed the Indian equity markets on Thursday. The key indices closed the day's
trade with appreciable gains, as healthy buying was witnessed in banking,
automobile and healthcare stocks.
A couple of opinion polls in Britain have
indicated that the 'Remain in the EU' camp has gained momentum. The island
nation will announce referendum results on this issue on Friday.
The Indian rupee strengthened by 23 paise
during the day's trade. It closed at 67.25-26 against a US dollar from its
previous close of 67.48-49 to a greenback.
In terms of investments, the provisional data
with exchanges showed that the foreign institutional investors (FIIs) bought
stocks worth Rs 81.87 crore, and the domestic institutional investors (DIIs)
purchased scrip worth Rs 203.56 crore.
The top gainers and top losers of the major
indices are given in the table below:
The closing values of the
major Asian indices are given in the table below:
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