ECONOMY ANALYSIS:
Nifty ends below 6,000 as banks tank post RBI move
ACC's Q1 net down 37%, sales also slide on weak demand
Maruti Suzuki Q1 net rises 49% to Rs 632 cr, beats street
ITC Q1 net up 18% to Rs 1,891cr, sales miss expectations
YES Bank Q1 net rises 38.3% to Rs 401cr on other income
Wockhardt plunges after Macquarie downgrades to 'neutral'
MARKET ANALYSIS:
The Nifty witnessed sharp selling pressure towards the end of session and closed above support of 5,900 on the last day of July series expiry. All the major sectoral indices, barring auto space, closed in the red with FMCG, metals and pharmaceuticals leading the fall.
The 50-share index ended at 5,907.5, down 83 points or 1.39 per cent. It touched a high of 5,990.65 and a low of 5,896.40 in trade today.
The S&P BSE Sensex closed at 19,804.76, down 285.92 points or 1.42 per cent. It touched a high of 20,110.81 and a low of 19,763.90 in trade today.
Shares of Jaiprakash Associates plunged 10 per cent intraday after a Supreme Court bench headed by Chief Justice of India P Sathasivam rejected its plea on deferred payment of Rs 100 crore as penalty fined by the Himachal Pradesh High Court.
The market breadth was negative on the NSE with 376 gainers against 796 losers.
The foreign institutional investors sold shares worth Rs 404.5 crore while domestic institutional investors were net sellers worth Rs 328.8 crore .
0 comments:
Post a Comment