Wednesday 19 June 2013

Daily Equity Market Report – June 19, 2013

Indian benchmark indices traded maximum trading session in negative terrain but recovers a bit in the last trading hour of the day. 30 stocks index Sensex ended the day at 19240.90 up by 17.61 points while Nifty ended at 5820.85 up by just 7.25 points.

Indian equity benchmarks are completely listless as investors are eagerly waiting for the outcome of two-day US Federal Reserve's policy meeting that will end on Wednesday.

Bharti Airtel and Idea cellular follow the Vodafone with 2G data tariff cuts and are likely between 60-80 percent and cuts are likely in non-metro circles. On Monday, Vodafone India slashed 2G data tariffs by 80 percent in four circles namely Madhya Pradesh, Karnataka, Chhattisgarh and Uttar Pradesh West.

Among the sectoral indices CNX Metal surged 1.24% followed by CNX Realty (1.09%) and CNX MNC (0.62%) meanwhile CNX Auto was the biggest loser of the day plunged by -0.56%.

Out of 50 stocks of Nifty 28 stocks ended in green while 22 stocks ended in red.

Top 5 Nifty gainers: Hindalco (3.26%), Sesagoa (2.89%), Ambuja Cement (2.54%), Bharti Airtel (2.40%) and Jindal Steel (2.33%) were among the top gainers.

Top 5 Nifty losers: Tata Motors (-2.08%), Hero Motorcorp (-1.81%), Dr. Reddy (-1.74%), Ultra Cement (-1.66%) and Tata Power (-1.62%) were top losers.

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