Monday, July 1, 2019

MARKET SUMMARY OF 1 JUL 2019


Domestic indices ended at a three-week closing high on Monday tracking positive global sentiment stemmed from trade truce between the US and China. Heavy buying was witnessed across finanicals, banking, automobiles and realty stocks.The S&P BSE Sensex ended 292 points  higher at 39,686 levels with Tata Motors, Bajaj Auto and HDFC being the top gainers. The broader Nifty50 too ended the session with gains of 77 points, at 11,866 levels.In the broader market, S&P BSE Mid-Cap ended 81 points  higher at 14,889 levels while the S&P BSE Small-Cap gained 43 points , to settle at 14,283 levels. Sectorally, realty led the rally with a gain of over 2 per cent. This was followed by gain in automobiles, pharma and bank counters, which rose about a per cent each.  SBI, Syndicate Bank: Should you buy PSU banks ahead of Union Budget 2019? Stock alert Reliance Infra slips 10% on rating downgrade by Brickwork VA Tech Wabag soars 14% on hopes of water mgt announcement in Budget 2019 Bank of Baroda down 1% post report of Rs 3,000 cr loan purchase from DHFL Torrent Power soars on power agreement with Gujarat Electricity Comm Buzzing stock Eveready Industries locked in 5% lower circuit after PwC resigns as auditor.


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