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What is Market Indecision on June 3, 2009 about?

The stock market ended the day flat, with the Sensex down 4 points and the Nifty up 5 points, indicating indecision between bulls and bears. An inside bar formed after the session, adding to the uncertainty unless the bar is broken out of. Midcaps and smallcaps rose around 1.5% and 2.1% respectively. Banking and IT stocks declined while FMCG, consumer durables, and healthcare stocks gained. Traders were advised to be cautious until the inside bar is broken in either direction.

Author

dhamu0202

Language

EN