It was another consolidation day on Friday as well as a week for the market, especially after the Nifty clocked record high of 9,709.30 on June 6. It indicated that the market may be fully priced in likely good earnings and economic growth in a current financial year, especially after expectations of normal monsoon, faster recovery from demonetisation levels, likely early NPA resolution and political stability.
The 30-share BSE Sensex was down 19.33 points at 31,056.40 while the 50-share NSE Nifty gained 10 points at 9,588.05 on Friday. Benchmarks fell more than 0.6 percent in the week gone by.
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