ECONOMY ANALYSIS
Sensex, Nifty end down; Strides Arcolab up 6%, IT gains
MTNL up 5% on revival hopes; Prasad says 'no privatisation'
Anant Raj jumps 8.5%, sells subsidiary for Rs 304 cr
Patel Logistics up 20% on cargo alliance with Amazon
Top five blue-chip companies lose Rs 45,887.6 cr in market cap
Alibaba to venture into banking space in China
MARKET ANALYSIS
The S&P BSE Sensex ended on a flat-to-negative note as bulls lacked charge
after a sharp rise in previous session.
The 30-share index ended at 26,616.36, down 9.96 points or 0.04 per cent. It
touched a high of 26,715.77 and a low of 26,518.01 in trade today.
The Nifty closed at 7,958.90, down 9.95 points or 0.12 per cent. It touched a
high of 7,991.75 and a low of 7,934.70 in trade today.
Buying action was seen in stocks from broader markets which were beaten
down recently. The S&P BSE Midcap Index was up 1 per cent and the S&P
BSE Smallcap Index gained 1.49 per cent.
The market breadth was positive on the NSE with 763 gainers against 344
losers.
The foreign institutional investors were net sellers worth Rs 1,133.64 crore
and domestic institutional investors were net buyers worth Rs 1335.33 crore
on Friday as per the provisional data from the National Stock Exchange.
Sensex, Nifty end down; Strides Arcolab up 6%, IT gains
MTNL up 5% on revival hopes; Prasad says 'no privatisation'
Anant Raj jumps 8.5%, sells subsidiary for Rs 304 cr
Patel Logistics up 20% on cargo alliance with Amazon
Top five blue-chip companies lose Rs 45,887.6 cr in market cap
Alibaba to venture into banking space in China
MARKET ANALYSIS
The S&P BSE Sensex ended on a flat-to-negative note as bulls lacked charge
after a sharp rise in previous session.
The 30-share index ended at 26,616.36, down 9.96 points or 0.04 per cent. It
touched a high of 26,715.77 and a low of 26,518.01 in trade today.
The Nifty closed at 7,958.90, down 9.95 points or 0.12 per cent. It touched a
high of 7,991.75 and a low of 7,934.70 in trade today.
Buying action was seen in stocks from broader markets which were beaten
down recently. The S&P BSE Midcap Index was up 1 per cent and the S&P
BSE Smallcap Index gained 1.49 per cent.
The market breadth was positive on the NSE with 763 gainers against 344
losers.
The foreign institutional investors were net sellers worth Rs 1,133.64 crore
and domestic institutional investors were net buyers worth Rs 1335.33 crore
on Friday as per the provisional data from the National Stock Exchange.
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