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Market Snippet

The market ended lower for the second straight session as investors turned cautious amid uncertainty over the outcome of the Britain’s referendum, whether to remain in the European Union or not. Sentiment was also subdued after US Federal Reserve Chair Janet Yellen had said that the outcome of ‘Brexit’ would have “significant repercussions” on the US economy. Nifty ended just above the mark of 8200 by slipping 16.20 points to give closing at 8203.70. Adani Ports, Dr Reddy, Lupin and Coal India were the top gainers of the day, while infratel, Tata motors and Gail were among the top losers.

Global Markets Update:

  • Volkswagen has received regulatory approval for technical fixes on another 1 million diesel cars and expects the number to keep growing.
  • The Nikkei share average fell today as investors locked in profits ahead of a potential market-disrupting British referendum later this week.

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