The BSE Sensex relinquished most of its gains to close marginally higher at 26227 and the Nifty ended marginally down at 7946.10. The BSE midcap and smallcap index were far more robust unlike their larger peers. However, the indices closed marginally higher. For most part of the day the larger market traded flat-to-positive although it opened by testing the 8000 level as overnight US stocks ended higher. Lupin closed the day top grosser on the Sensex with over 4 percent gains.
Other contributors to the 30-stock index were Infosys, Reliance, Larsen and TCS. IT services firm HCL Technologies stuck out as the biggest Nifty loser after it sounded revenue alarm owing to adverse currency movement and issues with a client in the public services vertical.Maruti was another big loser following lower-than-expected September vehicle sales. Ultratech Cement and Sun Pharma saw handsome gains on the Nifty. Banking stocks added to the injury as heavyweights HDFC Bank, HDFC and ICICI Bank fell much as 5.8 percent and 5 percent. Suven Life (up 7.3 perent), RCF , Delta Corp and Bharti infratel and HCC were big midcap gainers. Auto sector was more active but the September sales were a mixed bag. The month gone by saw strong MHCV sales but muted passenger vehicles growth and steep fall in tractor sales due to dip in rural demand.
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