Top gainers and losers for the week: Banks, IT against auto, FMCG and metals

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Both Sensex and Nifty snapped their three-week winning streak and closed with losses of 0.25 percent and 0.44 percent respectively.

The Nifty50 closed the range-bound session with marginal gains on June 7, showing a rebound after steep correction was seen in the previous session. Banks and IT stocks led the market higher. But, auto, FMCG and metals showed limited upside.

The index closed above 11,850 and formed a “Doji Cross” kind of pattern on the daily scale while, for the week, it was down 0.44 percent and formed a “Spinning Top” pattern on the weekly charts.

Benchmark indices closed with minor gains. But, for the week, both Sensex and Nifty snapped their three-week winning streak and closed with losses of 0.25 percent and 0.44 percent respectively.

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