Sensex holds 53,000 as market gives up daily gain – rupee hits low of 78.97

Market at Close | Sensex and Nifty50 fall 10% in April-June – biggest Q2 drop since 2008

Here are some highlights:

–Confidence and banking stocks support the market

–IT and auto stocks drag the market along

–Auto stocks under pressure ahead of monthly sales data

–Metallic stocks reverse Wednesday’s gains Tata Steel, JSW Steel and Hindalco fall two percent

–MCX up 3% after SEBI’s approval for FPI in Commodity Derivatives

–Insurance basket rises HDFC, SBI Life and ICICI Pru up 1%

–Delta Corp. Drops Eight Percent as GoM Gets Two Weeks to File a Report on Casino GST

–Birlasoft, IRCTC, Strides, JSPL, CONCOR, Bank of Baroda, Vedanta top midcap losers

–Shriram Transport, REC, Indus Towers, HDFC AMC, MCX, USL top midcap gainers

–Market breadth favors the bears advance purchase ratio at 1:2

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