- The markets ended the last session of the week and the first day of the June derivatives series on a monotonous, albeit choppy, note in the absence of any enthusing cues from the global front. The Sensex was stuck in a narrow range of around 150 points before ending at 24,217, lower by 16 points and the Nifty ended below the crucial psychological support level of 7,250 at 7,230, down 5 points.
- Shares of 6 defence equipment manufacturers rose by 2.44% to 20% on BSE on media reports of potential increase in foreign direct investment limit in the sector to 100% from current 26%.
- Astra Microwave (up 20%), Walchandnagar Industries (up 10%), BEML (up 7%), Dynamatic Technologies (up 5%), Pipavav Defence and Offshore Engineering Company (up 5%) and Bharat Electronics (up 2.44%), edged higher.
- Rail-related shares surged on media reports that the government is likely to announce foreign direct investment policy for railways soon. Kernex Microsystem closed 7.34% up at Rs 74.55, Kalindee Rail Nirman closed 5% up at Rs 103.35 and Titagarh Wagons closed 5% up at Rs 250.10.
- Among the 12 BSE Sectoral indices, 10 indices closed in positive while 3 indices ended the day in negative. Top Gainers: BSE Healthcare up by 2.59% and BSE Realty by 2%. Top Losers: BSE Consumer Durables down by 1.78% and BSE Bankex by 1.59%.
Market breadth was positive at ~1.13 as investors bought large cap stocks. On provisional basis, FII's bought Rs 29.77bn worth of Indian equities and DII's sold Rs 4.58bn worth of equities.
No comments:
Post a Comment