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Progress of monsoon, referendum on Britain exit from EU to dictate trend

Global trend, FII stance, crude oil and rupee movement will be closely monitored by investors

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Indrani Mazumdar  |  Mumbai 

Markets finished the week on a flat note as investors remained edgy on worries about a potential exit by the UK from the European Union in a referendum due next week and unfavourable macro economic data. The Bank of Japan stance and the US Federal Reserve decision to keep interest rates unchanged also dampened sentiment.

The S&P BSE Sensex fell 9.84 points to settle at 26,625.91 and the Nifty50 rose 0.15 points to settle at 8,170.20. "Market movement next week will depend upon the referendum on the Britain exit from the European Union. The medium trend looks strong and a move above ...

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First Published: Sat, June 18 2016. 10:03 IST
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