MARKET SUMMARY FOR 01 JULY 2015

The Sensex jumped over 90 points in early trade today, extending yesterday's gains, on the back of increased buying by participants as the country's infrastructure growth hit a 6-month high in May. Besides, a firming trend overseas kept the momentum going. The sentiment got a lift after the output of eight infrastructure sectors expanded 4.4 per cent in May, the highest growth rate in the past six months and a hardening trend in the global market despite Greece's default. Sensex regains 28,000-mark by rising 240 pts to end at 28,020, Nifty climbs 85 pts to 8,454. its highest close in nearly 2-1/2 months, as state-run banks rose after the government’s plan for a comprehensive package raised hopes of faster recapitalization.  The Indian stock market closed green sound with Sensex gained 135 points on Tuesday after Greece has to make a debt repayment of 1.6 billion euro to the International Monetary Fund (IMF) today. The leader of the European Commission had before made a spur of the moment offer to attempt to convince Greece to acknowledge a bailout deal. “Markets continued their uptrend on increased optimism that the Greece issue will get resolved.
Markets were beaten down over the past 2-3 weeks on the Greece concerns and with easing of these concerns, markets have recouped those losses. and According to the India Meteorological Department (IMD), the country received around 189.5 millimetres of rain in June as against a normal of around 163.6 millimetres. and also Positive cues from Asian peers also uplifted the sentiment. For near term, 8440 can act as good resistance level, this breakout is witness massive rally upto 8600.

SECTORS & STOCKS

The 30-share index, which had gained over 135 points in the previous session, rose 90 points, or 0.33 per cent, to 27871., with all sectoral indices led by consumer durables, healthcare and realty trading in the positive zone with gains up to 1.08 per cent. The major gainers include Aditya Birla Nuvo, Adani Ports, Ambuja Cement, Ashok Leyland, Asian Paints, Axis Bank, Bank of Baroda, Bharti Airtel and BHEL.

TOP GAINERS AND LOSERS ARE:

Top gainers:- ZEEL 3.72%, IDEA 3.59%, Tata steel 3.37%, Coal India 3.19%, Ultra cements 3.145%, Sun Pharma 3.04%, Asian paints 2.89%

Top losers:- TCS 1.46%, Tech-mahindra 1.38%, Wipro 1.29%, Gail 1.17%, ICICI bank 1.03%