Nifty remained in a small range this week and it closed down by 31 points to close at 5237. Only stock-specific activity was seen and small / mid-cap stocks outperformed the indices. Government indicated intentions to de-regulate Diesel prices as well and as a result – BPCL +7.4% and ONGC +3.4%. IDFC rose 6.7% after company got status of Infrastructure FinanceCompany from RBI. POWER stocks became active this week – RPOWER +4.3% and NTPC +3.2%. CAIRN, GAIL, STERLITE IND were top losers from Nifty as they fell more than 4% each. India's infrastructure sector output grew 5.0% in May from a year earlier, lower than an upwardly revised annual growth of 5.4% in April, ................................................ Read more from website FREE INTRADAY TRADING CALLS ARE AVAILABLE ON OUR WEBSITE ON ALL TRADING DAYS
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