Bombay Stock Exchange index finished down 0.6 %, or 117.7 points

The benchmark thirty share Bombay Stock Exchange index finished down 0.6 %, or 117.7 points, at 18,376.48, along with 22 components in the red. The index raised almost 1 % earlier. It’s up 0.6 % in the week. The outlook for the market next week is cautious as a govt board may decide on increasing energy resource prices on June 9, traders said. The market continues to trade in a limited range in the following week, Mital stated. Fuel cost solution will be one of the hindrances next week.

A board of Indian-ministers could meet on June 9 to talk about raising prices of cooking gas, kerosene and diesel, an oil ministry source stated the previous week. The benchmark Bombay Stocck Exchange index is down 10.4 percent until now this year on foreign finance outflows, with usd1.16 bn currently being pulled out in May solely, as investors nervous increasing the cost of living and high interest rates would hamper growth in Asia’s third largest financial system.

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