Home Business Indian equity benchmarks closed lower on Friday, snapping a four-day winning streak,...

Indian equity benchmarks closed lower on Friday, snapping a four-day winning streak, weighed down by heavy-weight Reliance Industries after India’s top court ruled in favour of the arbitration order stopping Future Retail’s sale of assets to the conglomerate.

Dear Trader… Indian equity benchmarks snapped their three-day winning streak and ended lower on Friday tracking losses in index heavyweights Reliance Industries, Ultratech Cement and SBI amid weak global cues. Markets made slightly positive start, as traders took some support with industry chamber PHDCCI’s statement that the economy is recovering at a fast pace from the recent lows of April and May on the back of declining new coronavirus cases,

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.