ECONOMY ANALYSIS
Sensex loses 275 pts, Nifty ends weak; Cipla, Maruti, Hindalco
gainers
Reliance to invest Rs 1.8 lakh crore in next 3 years
Rail stocks zoom 5-10% on buzz of fare & freight hike
Adani Group aims to raise $2.5bn via QIP route
Political change in India, China news spurs spike in Q2 Asia
MARKET ANALYSIS
The bulls faced stiff resistance in a pullback attempt after the Sensex
corrected 495 points from day's high on concerns over the ongoing
violence in Iraq.
According to latest reports, the ISIS militants are pretty close to the capital
city of Baghdad. Cautious traders didn't take any chances and sold rate-
sensitives and oil & gas stocks at higher levels.
The 30-share index ended at 25,246.25, down 274.94 points or 1.08 per
cent. It touched intraday high of 25,609.28 and a low of 25,114.30 in trade
today.
The Nifty closed at 7,558.20, down 73.50 points or 0.96 per cent. It
touched intraday high of 7,663 and a low of 7,515.50 in trade today.
The market breadth was negative on the BSE with 1388 gainers against
164 losers.
Foreign institutional investors sold shares worth Rs 48.02 crore while
domestic institutional investors were net sellers worth Rs 236.79 crore on
Tuesday as per the provisional data from the National Stock Exchange.
Sensex loses 275 pts, Nifty ends weak; Cipla, Maruti, Hindalco
gainers
Reliance to invest Rs 1.8 lakh crore in next 3 years
Rail stocks zoom 5-10% on buzz of fare & freight hike
Adani Group aims to raise $2.5bn via QIP route
Political change in India, China news spurs spike in Q2 Asia
MARKET ANALYSIS
The bulls faced stiff resistance in a pullback attempt after the Sensex
corrected 495 points from day's high on concerns over the ongoing
violence in Iraq.
According to latest reports, the ISIS militants are pretty close to the capital
city of Baghdad. Cautious traders didn't take any chances and sold rate-
sensitives and oil & gas stocks at higher levels.
The 30-share index ended at 25,246.25, down 274.94 points or 1.08 per
cent. It touched intraday high of 25,609.28 and a low of 25,114.30 in trade
today.
The Nifty closed at 7,558.20, down 73.50 points or 0.96 per cent. It
touched intraday high of 7,663 and a low of 7,515.50 in trade today.
The market breadth was negative on the BSE with 1388 gainers against
164 losers.
Foreign institutional investors sold shares worth Rs 48.02 crore while
domestic institutional investors were net sellers worth Rs 236.79 crore on
Tuesday as per the provisional data from the National Stock Exchange.
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