After a free fall yesterday,
Indian equity markets bounced back and gained over 1.8% in today’s trading
session. The momentum was led by the value buying in oil & gas, metal,
banks and tech stocks. Nifty ended the day at 5,448.10, surged by 106.65 points
while Sensex ended at 18,567.55 up by 332.89 points.
Indian rupee gained against the
US dollar after RBI clarified on overseas direct investments by Indian
companies, saying investment curbs are not applicable for deals before August
14. Meanwhile Raghuram Rajan took over as the next RBI Governor today. Former Deputy
Governor Subir Gokarn said Rajan won't lessen RBI's focus on inflation but he
may look for new ways to encourage dollar flows.
Real estate companies like DLF
and Indiabulls Real Estate were down after the RBI objected strongly to builder
schemes like 80:20, saying it should not be paid upfront to developers and
wants home loans to be linked to stage of completion of the project.
Among the sectoral indices CNX
Metal (2.64%), CNX Pharma (2.54%) and CNX Auto (2.51%) were top gainer while
CNX Media (-0.85%) and CNX Realty (-0.34%) were only loser of the day.
Out of 50 stocks of Nifty 47
stocks ended in positive terrain while 3 stocks ended in negative.
Top Nifty gainers: Ranbaxy
(8.70%), BHEL (6.46%), JP Associate (6.13%), LUPIN (4.59%) and Tata Motors
(4.59%) were among top Nifty gainers.
Top Nifty losers: DLF (-1.02%),
ITC (-0.23%) and Maruti (-0.07%) were only losers of the day.
Now try our Mini NISM Series -
VIII Equity Derivatives Mock Tests containing 3 Full Length Tests for Rs. 299/-
only. To know more visit us at www.intelivisto.com or call: +91-9582000102.
No comments:
Post a Comment