Wednesday, August 7, 2019

MARKET SUMMARY OF 7 AUG 2019


FOR FREE TRIAL FILL THE FORM>>>>>
A 35-basis point (bps) rate cut by the Reserve Bank of India (RBI) failed to lift the investor sentiment on Wednesday as the benchmark indices ended in the red.The S&P BSE Sensex lost 286 points  to settle at 36,690, with HUL being the top gainer and M&M the biggest loser. The broader Nifty50 index ended the session at 10,855, down 93 points. On the sectoral front, rate-sensitive stocks took the biggest knock with Nifty Bank, Nifty Auto and Nifty Realty slipping 1 per cent to 2 per cent.  Volatility gauge, India VIX climbed nearly 5 per cent to 16.88 levels. The broader market fared better than the benchmark indexes. Buzzing stock Indiabulls Housing falls 9% on weak Q1 results, worsened asset quality.Titan Company slips 4%, hits 6-month low on subdued Q1 earnings.Rate sensitive stocks trade mixed after RBI cuts repo rate by 35 bps.Vodafone Idea hits new low as CRISIL downgrades its NCDs rating.SRF packs a punch, defies Street in June quarter; stock gains 16%

No comments:

Post a Comment