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Eye on Turkey

Turkey is the latest in the line of fire of the US with a financial crisis looming and the Lira taking a sharp dip

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The Dow Jones Industrial Average closed down nearly 200 points on Friday, as markets reacted negatively to a sharp plunge in Turkish currency, as Turkey heads toward a potential financial crisis. Pic/AFP

The Dow Jones Industrial Average closed down nearly 200 points on Friday, as markets reacted negatively to a sharp plunge in Turkish currency, as Turkey heads toward a potential financial crisis. Pic/AFP

Markets continued their momentum and gained ground this week as well. They gained on three of the five trading days and the BSESENSEX was up 313.07 points or 0.83% at 37,869.23 points. NIFTY was up 68.70 points or 0.60% to close at 11,429.50 points. The broader indices saw the BSE100, BSE200 and BSE500 gain 0.54%, 0.48% and 0.40% respectively. BSEMIDCAP was up 0.02% while BSESMALLCAP lost 0.29%.

The top sectoral gainer was BSECON DUR up 2.62% followed by BSEBANKEX 2.11% and BSEMETAL 1.65%. The top loser was BSEHEACARE down 2.95% followed by BSECAPGOOD 1.19% and BSEOIL&GAS 0.73%. In individual stocks the top gainer was ICICI Bank up 7.12% followed by Eicher Motor 7.03% and Axis Bank 6.71%. The top loser was Lupin down 9.65% followed by GAIL 6.95% and Sun Pharma 5.64%. The Indian Rupee lost 32 paisa or 0.22% to close at R68.83. Dow Jones lost 149.44 points or 0.59% to close at 25,313.14 points.

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