Indian equities getting some relief today after
strong rally yesterday, Indian Equities were trading lower in noon
session of day’s trade as investors booked profit at existing
levels after a two-day winning streak attributed mainly to easing
worries over Europe as Greece reached an bailout agreement.
The BSE benchmark SENSEX was trading at 27904.68,
goes 56.51 pts down or by 0.2 pts, and the NSE Nifty was quoting 9
pts lower at 8450.65.Although, the broader market was holding its
growth with the BSE MIDCAP trading at 11066.99, goes 39.58 pts up, or
by 0.36 %, while the BSE SMLCAP was at 11532.94, 52.82 pts up or by
0.46 %. Dalal-Street witnessed uninspiring trade as concerns over the
Greece debt issue continued to hover on market. Investors remained
cautious ahead of WPI data for June even as a pickup in consumer
inflation tempered hopes of another interest rate cut by RBI in the
near-term.
BSE Sensex reached intraday high of 27995.04 &
intraday low of 27853.96, while the Nifty reached intraday high of
8470.6 & intraday low of 8424.1. In BSE Sensex top declines were
State Bank of India, Vedanta Ltd, Tata Motors , Hindalco Industries,
Housing Development Finance Corporation among the rest loosers.Hero
MotoCorp, BHEL (Bharat Heavy Electricals Ltd), Coal India Ltd, Lupin
& Dr. Reddy's Laboratories, were among top most gainers on
BSE.The Market breadth, indicating the overall strength of the
market, was strong. On Sensex among total shares traded 2539, 1392
shares advanced while 1045 shares declined & 102 remains
unchanged.Asian peers were trading mixed with Hong Kong & Chinese
markets trading lower amid weak Chinese economy and persistent doubts
on Greece. Click Here Free Stock Tips
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