Monday 26 August 2013

Daily Equity Market Report – August 26, 2013

Indian equity markets witnessed the volatile session throughout the day and remained positive for the third consecutive day. Nifty crossed the 5500 level but not able to hold the level as trader booked their profit. Nifty ended the day at 5,470.45 down by 1.30 points while Sensex ended at 18,558.13 up by 38.69 points.

Sesa Goa jumped as the stock saw effective buying today due to Sterlite delisting. Its weightage in the Nifty will go up and Sesa Goa will also replace Sterlite in the Sensex from Tuesday.

IDFC loses as the RBI notified the decreased FII limit in the company to 54 percent from 74 percent.
Among the sectoral indices CNX Media was up by 1.57% followed by CNX MNC (1.49%) and CNX Realty (1.48%) while Bank Nifty plunged -1.02%.

Out of 50 stocks of Nifty 30 stocks advanced while 20 stocks declined.

Top 5 Nifty gainers: Sesa Goa (9.93%), BHEL (6.03%), JP Associate (4.87%), Ranbaxy (4.38%) and Ambuja Cement (3.38%) were among top nifty gainers.

Top 5 Nifty losers: IDFC (-8.77%), Axis Bank (-5.15%), ONGC (-3.63%), Gail (-3.22%) and ICICI Bank (-2.47%) were top laggards.

To qualify IRDA (IC-33) Life Insurance Agents Examination, register with Intelivisto.com and buy Life Insurance Examination comprehensive question bank which features mock test, chapter-wise and full length test as per IRDA standards. It also includes performance analysis tools to analyze the performance. To Know more call: +91-9582000102.

No comments:

Post a Comment