Nifty has witnessed a distribution day as it ended with sharp losses on the back of higher volume as compared to its prior session. Traders are advised not to venture into aggressive long position as long as the index stays below this level. Stocks in news: Biocon, SBI Life Insurance, Wipro, Lupin. 

It is anticipating improvements in monthly revenues of drug firms from June and believes that the seasonality aspect of Indian domestic businesses will support their recovery.

Today's trading session ended on a negative note with domestic benchmark indices absorbing cues from global stocks and US Fed's policy announcement. Sensex tanked by 708.68 points or 2.07 per cent to settle at 33,538.37 while Nifty dropped by 214.15 points or 2.12 per cent and fell below its 10k levels settling at the level of 9,902 on Thursday.

The behaviour of non-cyclical stocks in India.

The agency said it foresees India making a strong recovery after the anticipated deep contraction in FY21, with GDP growth at 8.5 per cent in FY22. As per its predictions, India's economy will shrink by 5 per cent this fiscal.

On Wednesday in line with market expectation Federal Open Market Committee (FOMC) voted unanimously to keep the fed funds rate in a range of zero per cent to 0.25 per cent

Market indices such as Nifty and Sensex have been used as a barometer to measure the overall market performance in India for years now. But as we have witnessed from our own experiences, not only are the markets dynamic but so are the indices used to measure them. The sectors driving the market keep changing over different time periods. Different sectors perform differently in varying market conditions, thereby resulting in erratic stock performances. This also causes continuous changes in the weightage of various sectors in indices like Nifty that are free-float market capitalisation indices.

The market opened in the red on June 11, 2020. The previous trading session witnessed the Sensex going up by 0.86 percent to end at 34,247.05 and the Nifty was up 0.69 percent to close at 10,116.15.

The market opened in the red on June 11, 2020. The previous trading session witnessed the Sensex going up by 0.86 percent to end at 34,247.05 and the Nifty was up 0.69 percent to close at 10,116.15.

The market opened in the red on June 11, 2020, overall volumes in futures & options currently stand at 2.98 crore contracts with a turnover of Rs. 16,69,250.90 crore.