ECONOMY ANALYSIS
Sensex, Nifty close flat; metals rebound, banks cut losses
SBI cuts interest rate on home loans by 5-15bps
JP Asso plans to pare debt; sells Panipat cement grinding unit
SC ruling may not disrupt operations of power cos: Feedback
Shree Cement to buy JP's cement grinding unit for Rs 360cr
Arvind at new high, up for 6th day; arm to open Gap stores
MARKET ANALYSIS
It was another day of consolidation for equity benchmarks as investors
remained cautious after Supreme Court’s verdict on coal block allocation case.
August series expiry on Thursday also caused volatility in the market. Indices
fell nearly half a percent intraday before showing recovery in late trade. The
30-share BSE Sensex advanced 5.79 points to 26442.81 while the 50-share
NSE Nifty managed to hold the 7900 level, down 1.55 points to close at
7904.75.
The market recovered in late trade led by further buying in steel stocks and
cutting losses in banks and oil & gas stocks. The Sensex declined 2.16 points
to 26434.86 and the Nifty dipped 2.35 points to 7903.95. About 1035 shares
have advanced, 1869 shares declined, and 130 shares are unchanged.
Sensex, Nifty close flat; metals rebound, banks cut losses
SBI cuts interest rate on home loans by 5-15bps
JP Asso plans to pare debt; sells Panipat cement grinding unit
SC ruling may not disrupt operations of power cos: Feedback
Shree Cement to buy JP's cement grinding unit for Rs 360cr
Arvind at new high, up for 6th day; arm to open Gap stores
MARKET ANALYSIS
It was another day of consolidation for equity benchmarks as investors
remained cautious after Supreme Court’s verdict on coal block allocation case.
August series expiry on Thursday also caused volatility in the market. Indices
fell nearly half a percent intraday before showing recovery in late trade. The
30-share BSE Sensex advanced 5.79 points to 26442.81 while the 50-share
NSE Nifty managed to hold the 7900 level, down 1.55 points to close at
7904.75.
The market recovered in late trade led by further buying in steel stocks and
cutting losses in banks and oil & gas stocks. The Sensex declined 2.16 points
to 26434.86 and the Nifty dipped 2.35 points to 7903.95. About 1035 shares
have advanced, 1869 shares declined, and 130 shares are unchanged.
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