Monday 13 July 2015

Alliance Research --- Nifty consolidates around 8350; Cipla, Maruti, TCS gainers

GAIL, Sun Pharma, Maruti, Cipla and TCS are top gainers in the Sensex. Among losers are ONGC, Hindalco, L&T, Vedanta and BHEL.

The market is consolidating around 8350-level. The Sensex is down 4.44 points at 27656.96 and the Nifty is up 3.00 points at 8363.55. About 1415 shares have advanced, 960 shares declined, and 151 shares are unchanged. GAIL, Sun Pharma, Maruti, Cipla and TCS are top gainers in the Sensex. Among losers are ONGC, Hindalco, L&T, Vedanta and BHEL. India is likely to outperform China says Richard Gibbs, The Principal, Plantagenet Investments. There are a lot of variables (China, Greece) out there, though the crisis mentality has abated, which is the wise thing to do, he says. According to him, the Indian market is well placed considering the WTI is under the USD 52 per barrel mark and may go further down, which is good for the market.

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