Tuesday 9 July 2013

Daily Equity Market Report – July 9, 2013

Indian equity markets witnessed the range bound session throughout the day. Nifty opened on a positive note with 45 points above to the previous close but remained in the tight range of 20 points. Nifty ended the day at 5859 up by 47.45 points while Sensex ended at 19,439.48 up by 114.71 points.

Indian rupee gained 50 paise to 60.10 per dollar after the Reserve Bank of India and Securities and Exchange Board of India (SEBI) clamped down on open positions that banks and non banks can take in the currency futures market.

Among the sectoral indices CNX Realty (1.92%) was the top gainer of the day followed by CNX PSU Bank (1.88%) and CNX Pharma (1.69%). All other top sector indices ended in positive note.
Out of the 50 stocks of Nifty 39 stocks ended in positive terrain while 11 ended in negative.

Top 5 Nifty gainers: Powergrid (4.37%), Kotak Bank (3.86%), Sun Pharma (3.30%), Reliance Infrastructure (2.92%) and IndusInd Bank (2.40%) were top gainers of the day.

Top 5 Nifty losers: Jindal Steel (-2.37%), Bharti Airtel (-0.85%), HUL (-0.83%), M&M (-0.81) and ONGC (-0.61%) were top index laggards.

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