MARKET SUMMARY FOR 26 JUNE 2015

The Market today open flat note on a fresh starting of July F&O series. Now market is slipping away the Sensex is down 72 points and the nifty is decline 11 points in early trade on Friday. in early trade today on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues. After a stellar performance by the Nifty yesterday, we can still see the index moving up again in the day’s session provided it does not fall below 8382 – 8388 support area. In any case, getting past the hurdle of 8420, it would gain further momentum to scale up to even higher levels. On the downside, below 8382 support is likely to be found between 8340 and 8318. And so long as the Nifty does not go slip below 8259. Sensex traded 100 or 0.36 per cent points down at 27795, while Nifty traded 19 points or 0.23 per cent down at 8379. Sentiments remained dampened after RBI’s stress test surprisingly showed private banks are likely to see a significant jump in bad loans.It is not a great start of the July series. About 1180 shares advanced, 1496 shares declined, and 160 shares were unchanged. TCS, Bajaj Auto, NTPC, Infosys and Cipla were top gainers while GAIL, Vedanta, Bharti, BHEL and Tata Steel were major laggards, but managed to rally nearly 500 points for the week ended June 26, amid Greece debt woes which kept global markets volatile and sharp selling seen in China equity markets. 

TOP GAINERS AND LOSERS ARE:

TOP GAINERS:
Among HCL Tech 2.69%, Infosys 1.96%, Cipla 1.38%, BPCL 1.36%, Wipro 1.19%, M&M 1.17%, Dr. Reddy’s 1.11%, TCS 0.94%, Reliance 0.64%, Tech-mahindra 0.59%

TOP LOSERS:

Gail 2.97%, HDFC 1.94%, Cairn 1.86%, BHEL 1.76%, Kotak bank 1.75%, VEDL 1.75%, Hindalco 1.53%, Tata power 1.53%, PNB 1.52%, Yes bank 1.25%