Tuesday, July 2, 2019

MARKET SUMMARY OF 2 JUL 2019


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Domestic indices ended Tuesday's volatile trade with gains. The indices traded in the red for better part of the day, tracking concerns on weak global growth across
world markets coupled with rising trade tensions.The losses were, however, pared against last hour buying in select stocks such as HDFC twins, Infosys, Reliance and ONGC.The S&P BSE Sensex ended 130 points, or 0.30 per cent, higher at 39,816 levels with ONGC, HDFC and Bharti Airtel being the top gainers. The broader Nifty50 too settled with gains of 45 points, or 0.38 per cent, at 11,910 levels.In the broader market, S&P BSE Mid-Cap ended 56 points, or 0.38 per cent higher at 14,945 levels while the S&P BSE Small-Cap gained 0.52 points to settle at 14,283 levels.Sectorally, realty scrips were under pressure with the index with ending 1.5 per cent lower. This was followed by losses in pharma and bank counters. Nifty IT index settled nearly a per cent higher followed by metal index. BSE suspends trading of JK Pharmachem and 7 others on investors' complaintStock of the day ICRA slips 6% after it sends MD and CEO Naresh Takkar on sudden leave Another Cox & Kings default drags stock to fresh all-time low Why bond traders are seen forgiving Modi govt on wider budget deficit Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India Ola Electric gets $250 mn from SoftBank, becomes India's newest unicorn Hindustan Zinc stock turns attractive after the recent correction

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