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Today
market started strongly but after the Supreme Court's decision on AGR all the
gains were evaporated. The Nifty has fallen 61 points to close at 12113,which
was the day's low. At the same time, the Sensex fell 202 points to close at
41258 & Midcap stocks down 146
points to close at 17979. At the same time, Bank Nifty fallen 395 points to
close at 30835.Selling pressure created due to exposure of banks to telecom
companies received a setback from the Supreme Court. Today, they will have to
pay AGR amount. Shares of telecom companies fell following the scolding by the
court. Vodafone
Idea crashed 23 % Bharti
Infratel 5% but investor confidence in Bharti Airtel was up 4% to a new high.
Bank shares have put pressure on the market following the SC order on AGR, HDFC
BANK, SBI has more decline. IndusInd Bank was down 2 % while IDFC Bank dipped
1.71 %. Except YES Bank, all constituent of the index were in the red.
TOP GAINERS-YESBANK, BHARTIAIRTEL, UPL, ZEEL, RELIANCE
TOP LOSERS- SBIN, ITC,M&M,GAIL,INFRATEL
TOP GAINERS-YESBANK, BHARTIAIRTEL, UPL, ZEEL, RELIANCE
TOP LOSERS- SBIN, ITC,M&M,GAIL,INFRATEL