RELIANCE LEADS FALL

Today Reliance was the star performer & responsible for both uptrend n downfall today. RIL stocks saw profit booking after the large cap stock hit record high today. RIL stock fell up to 9% to Rs 1798 compared to a high of Rs 1978 it achieved in the afternoon session. The fall came in the last hour of trade as the 43rd AGM of RIL was in progress.

  Market started off well where the nifty crossed 10800 but in the last hour pressure was put on the upper levels.banknifty also failed to hold the day's gains and closed in the red mark. Today, oil-gas, realty and government companies put pressure on the market. Although it stocks saw strong gains, the stocks closed with a gain of 5%. Select pharma and fmcg shares were also traded. Reliance industries stock  led the sell-off in ended 4% lower. On the other hand wipro, gained the most since may 2004, ending with gains of 16.9% after its first quarter results.
TOP GAINERS-WIPRO, INFY, TECHM, TCS, AXISBANK
TOP LOSERS-RELINECE, BHARTIAIRTEL, ZEEL, GAIL