The market entered into consolidation mode after a fall in previous three consecutive sessions. The Sensex fell 40.23 points to 27521.15 and the Nifty declined 10.30 points to 8350.70. About 962 shares have advanced against 813 shares declined on the Bombay Stock Exchange. Rakesh Arora, Macquarie said there is enough happening to keep the long-term interest alive in the market but not good enough to break out of the current range in the near term. He expects Nifty to remain stuck in the 8,000-8,800 range for some more time.
ONGC and Tata Motors topped the selling list, falling nearly 3 percent followed by Wipro, Cipla, Tata Steel, GAIL, Vedanta and Hindalco Industries with 1 percent loss. HDFC and PNB fell 0.5 percent and 2 percent, respectively, ahead of their June quarter earnings. However, Maruti Suzuki gained 1 percent on hopes of spectacular earnings with the profit rising 69 percent year-on-year.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
0 comments:
Post a Comment