Indian markets traded today in a very choppy manner and with cautious outlook ahead of industrial output (IIP) data and kick-off of July-Sep quarter earnings season by IT major Infosys, to be declared on Friday. Both the benchmark indices witnessed volatile but range-bound trading session closing in green. S&P CNX Nifty, the 50-share broad-based index, hold the level of 6000 amid choppy trades and closed at 6020.95, up by 13.50 points while S&P BSE Sensex ended the day at 20272.91, up by 23.65 points.
Today was the very subdued day as investors looked a bit cautious ahead of the quarterly results of country's second largest software services exporter. As per the experts, the quarter gone by should be very strong for all technology companies led by combination of improving demand, seasonal strength and significant rupee weakness. The street is expecting the IT major to report dollar-revenue growth guidance of 8-10%.
Though broader market perform better than benchmark indices, as among the sectoral indices, only Bank Nifty (-0.45%), CNX Finance (-0.21%) and CNX FMCG & CNX Media (both -0.03%) ended on losing side on NSE. While CNX Auto clearly enjoyed leading the Northward stint by gaining 1.82% and chased by CNX PSU Bank (0.86%), CNX Metal (0.58%), CNX Realty (0.53%) and CNX IT (0.46%).
Market breadth ended on positive side on the NSE as 696 stocks advanced against 467 declined and 70 remained unchanged.
Out of 50 stocks of Nifty, 29 registered gain while 20 declined and 1 remaining unchanged.
Top Five Nifty Gainers: Tata Motors led the Nifty Gainers chart and excelled by 5.55% followed by Ranbaxy (3.32%), NMDC (3.30%), Lupin (2.68%) and Grasim (2.07%).
Top Five Nifty Losers: Tata Power, another from the prestigious conglomerate group, topped the chart, but this time the Nifty Losers and fell by -2.74% and accompanied by Hindalco (-2.38%), Kotak Bank (-1.63%), Hindustan Unilever (-1.48%) and Bajaj Auto (-1.48%).
To understand the intricacies of financial markets and clear the various securities markets certifications, join our practical training oriented flagship course – Certified Financial Markets Professional (CFMP). For more information call +91-9582000102.
No comments:
Post a Comment