Monday 1 July 2013

Daily Equity Market Report – July 1, 2013

Indian equity market continued their winning streak on the third consecutive day led by gains in realty, power and capital goods sectors as institutional investors turned buyers.  Nifty ended the day at 5,898.85 up by 56.65 points while Sensex ended at 19,577.39 surged by 181.58 points.

Global investors resumed buying blue-chip stocks after the government continued with reforms by approving gas price hike last week. Foreign institutional investors bought shares worth Rs 1,124.31 crore and domestic institutional investors sold equities worth Rs 581.28 crore on Friday as per the provisional data from the National Stock Exchange.

Reliance Infrastructure shares gained momentum after its special purpose vehicle Delhi Airport Metro Express (DAMEPL) stopped Airport Metro Express Line and claimed termination payment from Delhi Metro Railway Corporation (DMRC).

Among the sectoral indices CNX Realty surged by 5.51% followed by CNX PSU Bank (3.43%) and CNX Media (3.15%). CNX IT was the only indices fell down among the major indices and plunged -1.62%.

Out of 50 stocks of Nifty 40 stocks were ended in positive while 10 stocks ended in negative.

Top 5 Nifty gainers: Ranbaxy (5.19%), Reliance Infrastructure (5.10%), DLF (4.33%), Sesagoa (3.89%) and JP Associate (3.73%) were among top gainers.

Top 5 Nifty losers: Infosys (-2.24%), HCL (-1.93%), TCS (-1.92%), ONGC (-0.85%) and Sun Pharma (-0.70%) were top index laggards.

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