Wednesday, 10 July 2013

Daily Equity Market Report – July 10, 2013

Indian share market failed to hold intraday gains as market witnessed the volatile session today. 50 share index Nifty & 30 share index Sensex ended the day on flat note. Nifty ended at 5878 down by 3 points while Sensex ended at 19441.07 up by 11.84 points.

Indian Rupee breached all time low of 57.32 against the US dollar and currently trading at intra-day low of 57.97 following disappointing data from China and slightly better-than-expected US jobs data. OMCs are likely to take the Rs 22000 crore hit on under recoveries on account of rupee depreciation.

Among the sectoral indices CNX IT was the biggest gainer of the day and surged 0.99% while CNX Realty loses -1.52% followed by Bank Nifty (-1.18%) and CNX Pharma (-1.13%).

Out of 50 stock of Nifty 19 stocks ended in positive while 31 stocks in negative.

Top 5 Nifty gainers: HDFC (1.95%), NTPC (1.76%), Infosys (1.71%), Bajaj Auto (1.69%) and HCL (1.65%) were among top gainers.

Top 5 Nifty losers: Jindal Steel (-4.19%), BPCL (-2.51%), BHEL (-2.46%), IndusInd Bank (-2.16%) and IDFC (-2.14%) were top losers.

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