Stock Future Market Closing updates 16 June 2016

mmr2Indian equities tumbled in today’s trade mirroring massive sell-off in the Asian equities after Bank of Japan maintained status quo and refrained from adding fresh stimulus. Cautious policy stance by the US Fed on global growth worries and Brexit fears sparked panic selling at D-Street. The Sensex slumped 201 points to close at 26,525 and the Nifty dropped 66 points to end at 8,141 levels. The participants remained concerned with report that India’s merchandise exports contracted again, albeit at their slowest pace in 18 months in May as non-petroleum exports finally turned positive, led by exports of engineering goods and gems and jewelry. Exports contracted at 0.79% in May while imports slipped 13.16%, leaving a trade deficit of $6.27 billion. Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to ALBK Decrease in price was seen in ASHOKLEY