Monday, July 6, 2015

MARKET SUMMARY FOR 06 JULY 2015

Sensex, which opened at 27,857  points, closed at 28,208 points up 116 points or 0.41 percent from its previous day's close at 28,092 points. The Sensex touched a high of 28,235 points and a low of 27,774 points in the intra-day trade.Nifty up by 37 points or 0.44 percent at 8,537 points. Made high of 8547. And a low of 8389. Indian equity markets on Monday pared initial losses and soared despite prevailing anxiety on account of Greece through Sunday's referendum rejecting the terms for a new bailout package. The market has ended with high returns as global markets are reeling under Greece crisis. The Nifty has closed above 8500 for first time since April 17. About 1784 shares have advanced, 1014 shares declined, and 185 shares are unchanged. 
SECTORS & STOCKS
Consumer Durbales and Metal indices were the top losers down over 1.2% each followed by IT, Auto and Banks among others. However, Healthcare index was up 1.2% followed by Realty, Oil and Gas indices.In the IT space, Infosys was down 1.1% and Wipro eased 0.2%. TCS was trading with marginal losses ahead of its Q1 results due on Thursday.Pharma shares gained on the back of defensive buying. Dr Reddy's Labs, Cipla, Sun Pharma and Lupin were up 0.2-3.3% each.
Shares of Indian companies with exposure are losing sheen in today’s trade. Tata Steel, Motherson Sumi Systems, Bharat Forge, Tata Motors, Tech Mahindra and Cox and Kings are trading lower between 1-2%.
Shares of Arvind Remedies were locked in 20% upper circuit on the Bombay Stock Exchange after the board said it would meet on July 11 to consider proposal for investment in the company by a potential investor to make the unit viable. Essar Oil surged about 16% in intraday trade as crude oil prices fell in international markets




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