ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Quiz , Marketplace and Community games > Stock Markets Tips & Gyan !!

Sensex, Nifty close flat; ITC tanks 3.4%; HDFC Bank up 2%

Sensex, Nifty close flat; ITC tanks 3.4%; HDFC Bank up 2%

Discuss Sensex, Nifty close flat; ITC tanks 3.4%; HDFC Bank up 2% within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Indian equity benchmarks closed flat amid a lacklustre trade on Monday as the market is looking for a fresh trigger ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Sensex, Nifty close flat; ITC tanks 3.4%; HDFC Bank up 2%
Old
 (1 (permalink))
Epic Research
epicresearchindore is an unknown quantity at this point
 
epicresearchindore
Analyst/Research at Epic Research
Management Paradise Guru
 
Status: Offline
Posts: 2,122
Join Date: Jun 2012
Sensex, Nifty close flat; ITC tanks 3.4%; HDFC Bank up 2% - July 2nd, 2012

Indian equity benchmarks closed flat amid a lacklustre trade on Monday as the market is looking for a fresh trigger to extend rally. Benchmarks had surged over 2% on Friday after European leaders agreed (at its EU summit in Brussels) to support the region's banks and Indian government issued the GAAR draft guidelines.
The 30-share BSE Sensex fell 31 points to close at 17,398.98. Meanwhile the 50-share NSE benchmark touched an intraday high of 5,302.5, before closing flat at 5,278.60 (down 0.3 points).
A rally of more than 1% in European markets helped the Nifty to touch 5,300 level during the day, but France's CAC and Germany's DAX came off day's high, rising 0.9% each at 15:31 hours IST. Britain's FTSE went up 0.5% amid optimism over Europe's move to solve debt crisis, but weak manufacturing data globally capped the market's upside.
Back home, cigarette major ITC tanked 3.4% (intraday falling more than 4%) after Uttar Pradesh government hiked value added tax on cigarettes to 50%.
Jindal Steel & Power tumbled 2.5% after the Odisha government has ordered stoppage of operations at Keonjhar mines. Mining lease for Keonjhar mines is with Sarda Mines, which supplies ore to JSPL.
Country's largest commercial vehicle maker Tata Motors declined 1.5% after disappointing sales numbers for June. Two-wheeler major Hero Motocorp fell 1.3% ahead of auto sales numbers. However, top car maker Maruti Suzuki and utility vehicle major M&M gained 1% each after good sales numbers.
Country's largest lender State Bank of India and its rival HDFC Bank rallied 1-2% whereas ICICI Bank was down 0.6%. Housing finance company HDFC rose 1%.
Top software services exporter TCS lost 1.4% while telecom operator Bharti Airtel moved up 1.6%.
Among metals and mining stocks, Tata Steel, Sterlite Industries, Hindalco Industries and Coal India climbed 0.7-1.6%.
The broader markets outperformed benchmarks as the BSE Midcap Index was up 0.9% and Smallcap up 1%. Advancing shares outnumbered declining by 1778 to 1001 on the BSE.
Real estate stocks rallied quite smartly; DLF and Indiabulls Real were up 3% each. Unitech and Nitesh Estates rallied over 5%.
In the second line shares, Adani Enterprises surged 5.5% and Adani Power gained 2.5%.
HCC, Punj Lloyd, Lanco Infratech and Bajaj Hindusthan shot up over 4%. Educomp Solutions, 3i Infotech, Mahindra Satyam, Tech Mahindra and MindTree went up 3-5%.
However, Cox & Kings, Hotel Leela, Manappuram Finance, OnMobile Global and TVS Motor were down 1.5-3.5%.
Advertisements
Friends: (0)
Reply With Quote
Related to Sensex, Nifty close flat; ITC tanks 3.4%; HDFC Bank up 2%
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Solutions Manuals, Instructor Manuals, Test Banks collection 2012 Soso M General Talks 18 2 Weeks Ago 08:43 PM
NIFTY FUTURE & BANK NIFTY TIPS. CALL 09725121826 VISIT WWW.NIFTYTIPS.TK OM HARI niftytips Financial Management 2 September 30th, 2012 01:58 AM
Non-Performing Assets successful_cfo Financial Management 6 July 20th, 2010 12:47 PM
The Sensex journey: From 1,000 to 12,000! vengabeats Stock Markets Tips & Gyan !! 3 October 15th, 2006 09:36 PM
ALLAHBAAD BANK- all news related to this company vishal1986 Company Profiles & News !! 0 September 5th, 2005 08:27 PM
 

Reply

Bookmarks

Tags
34%, bank, close, flat, hdfc, itc, nifty, sensex, tanks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Login
Forgot Password?  New User?
  

» Ads





» Recent Threads

Funny Discussions about...
Last post by Murgha Joshi
8 Hours Ago 01:21 PM
0 Replies
5 Discussion about...
Last post by Murgha Joshi
8 Hours Ago 01:17 PM
0 Replies
Did you Follow...
Last post by Murgha Joshi
8 Hours Ago 01:14 PM
0 Replies
7 Funny Discussions...
Last post by Murgha Joshi
8 Hours Ago 01:10 PM
0 Replies
Why #AMAs2014 is...
Last post by Murgha Joshi
8 Hours Ago 01:06 PM
0 Replies
Are you crazy for...
Last post by Murgha Joshi
8 Hours Ago 01:01 PM
0 Replies
Everyone is Talking...
Last post by Murgha Joshi
8 Hours Ago 12:56 PM
0 Replies
5 Top Most Discussion...
Last post by Murgha Joshi
8 Hours Ago 12:53 PM
0 Replies
7 Discussions about...
Last post by Murgha Joshi
8 Hours Ago 12:50 PM
0 Replies
Top Discussions going on...
Last post by Murgha Joshi
8 Hours Ago 12:46 PM
0 Replies
Epic Research Update :...
Last post by Epic Research
10 Hours Ago 11:36 AM
0 Replies
Epic Research Update :...
Last post by Epic Research
10 Hours Ago 11:32 AM
0 Replies
Happy Birthday to MP -...
Last post by Bhautik Kawa
10 Hours Ago 11:27 AM
2 Replies
Norvell Group and...
Last post by Juliette Ross
10 Hours Ago 11:03 AM
0 Replies
A clarification needed...
Last post by Roodra Ruchpaul
12 Hours Ago 09:40 AM
0 Replies

» Projects Helpline

need books Operation...
Last post by Jade Allen
1 Week Ago 01:02 PM
ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in