The BSE Sensex and NSE Nifty ended the day up 135 points and 45 points. It was an unusual day in the markets as both the equity markets and the dollar appreciated. The Sensex closed at 17,032, while the Nifty closed at 5,165.

There were concerns on the global front as manufacturing in China slowed. Asian stocks were down by about one per cent each. European stocks also tumbled on concerns of the European debt crisis. The European markets were down by about 0.30 per cent each.

“US markets have closed in the red overnight after the Federal Reserve cut growth estimates of the US economy. Fed has lowered its growth and inflation forecasts over the next three years and pointed out that the unemployment rate is expected to hold above 8 per cent till the end of 2012,” said Ms Shanu Goel, Senior Research Analyst, Bonanza Portfolio.

The top gainers on the BSE were BHEL, SBI and L&T, while the top losers were RIL, TCS and Hindalco.

(This article was published on June 21, 2012)
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