IDBI Bank (6 percent), Dewan Housing (5 percent), DLF (4 percent), Unitech (3 percent) and Oriental Bank (3 percent) were the big winners in the midcap space.
The market continued to see rangebound trade with the Nifty moving in tight range of 7840-7880. Banking and select pharma stocks gained strength while index heavyweights like Infosys, Reliance Industries & HDFC declined. The Sensex fell 25.47 points to 25838.03 and the Nifty plummeted 5.90 points to 7862.60. The market breadth was positive as about 1304 shares have advanced against 786 shares declined on the Bombay Stock Exchange. Sun Pharma (-3 percent), Coal India (-3 percent), UltraTechCement (-2 percent) and Infosys (-2 percent) were the big losers in the Nifty. Other laggards in the index were HDFC (-1 percent),Reliance (-1 percent),ONGC (-1 percent) and BHEL (-1 percent). Gainers included Dr Reddy's Labs (5 percent), Idea Cellular (3 percent), Lupin (3 percent) and Adani Ports (3 percent). In sectoral performance as reflected by the respective indices, metals (-1.3 percent), IT (-0.4 percent), auto (-0.2 percent) and capital goods (-0.1 percent) were under pressure, while consumer durables (1.5 percent), bank (0.7 percent), healthcare (0.7 percent) and FMCG (0.4 percent) gained. IDBI Bank (6 percent), Dewan Housing (5 percent), DLF (4 percent), Unitech (3 percent) and Oriental Bank (3 percent) were the big winners in the midcap space. Other notable gainers included GMR Infra (3 percent), Reliance Infra (3 percent), Wockhardt (3 percent), Petronet LNG (3 percent) and Cadila Health (3 percent). The rupee was quoting at 66.05 to the dollar, up 10 paise over its previous close. Brent crude was trading at USD 48.54/barrel, down USD 0.38 or 0.8 percent over its previous close.
For More Detail Visit -- http://www.allianceresearch.in/
Or Call On -- 9993716323, 0761-4032175
The market continued to see rangebound trade with the Nifty moving in tight range of 7840-7880. Banking and select pharma stocks gained strength while index heavyweights like Infosys, Reliance Industries & HDFC declined. The Sensex fell 25.47 points to 25838.03 and the Nifty plummeted 5.90 points to 7862.60. The market breadth was positive as about 1304 shares have advanced against 786 shares declined on the Bombay Stock Exchange. Sun Pharma (-3 percent), Coal India (-3 percent), UltraTechCement (-2 percent) and Infosys (-2 percent) were the big losers in the Nifty. Other laggards in the index were HDFC (-1 percent),Reliance (-1 percent),ONGC (-1 percent) and BHEL (-1 percent). Gainers included Dr Reddy's Labs (5 percent), Idea Cellular (3 percent), Lupin (3 percent) and Adani Ports (3 percent). In sectoral performance as reflected by the respective indices, metals (-1.3 percent), IT (-0.4 percent), auto (-0.2 percent) and capital goods (-0.1 percent) were under pressure, while consumer durables (1.5 percent), bank (0.7 percent), healthcare (0.7 percent) and FMCG (0.4 percent) gained. IDBI Bank (6 percent), Dewan Housing (5 percent), DLF (4 percent), Unitech (3 percent) and Oriental Bank (3 percent) were the big winners in the midcap space. Other notable gainers included GMR Infra (3 percent), Reliance Infra (3 percent), Wockhardt (3 percent), Petronet LNG (3 percent) and Cadila Health (3 percent). The rupee was quoting at 66.05 to the dollar, up 10 paise over its previous close. Brent crude was trading at USD 48.54/barrel, down USD 0.38 or 0.8 percent over its previous close.
For More Detail Visit -- http://www.allianceresearch.in/
Or Call On -- 9993716323, 0761-4032175
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