ECONOMY ANALYSIS
MARKET ANALYSIS
The S&P BSE Sensex ended the day down 237.98 points, or 0.84 per cent at
28,182.14. The index, which was trading in a narrow band of 100 points for
most of the session, took a sudden plunge of over 250 points in the late
trade.
The broader 50-share Nifty settled the session down 74 points, or 0.86 per
cent, at 8,529.45.
23 of the Sensex stocks ended the day in red.
Infosys and Sun Pharma hogged the limelight through the day. While
Infosys spurted 11.3 per cent to settle at Rs 1,115 after the June
quarter earnings came in line with expectations, Sun Pharma plunged 15 per cent,
a day after the company warned of tepid earnings for the June quarter.
Selling was observed in index heavyweights such as Reliance Industries,
ITC and stocks of select lenders. But Sun Pharma alone contributed most to
the fall. A rally in the stocks of Infosys though capped the losses.
European markets were trading mixed at the time domestic markets closed.
Nifty ends below 8550, Sensex skids 234pts; Sun Pharma dips 15%
HDFC Bank Q1 profit up 21% to Rs 2696cr, NII beats street
Asian Paints Q1 profit up 34%, EBITDA margin beats forecast
Bharti up 5%, BoA sees rerating if Orange buys co's 4 arms
FIL Capital to invest in Cipla's consumer healthcare biz
HDFC Bank Q1 profit up 21% to Rs 2696cr, NII beats street
Asian Paints Q1 profit up 34%, EBITDA margin beats forecast
Bharti up 5%, BoA sees rerating if Orange buys co's 4 arms
FIL Capital to invest in Cipla's consumer healthcare biz
MARKET ANALYSIS
The S&P BSE Sensex ended the day down 237.98 points, or 0.84 per cent at
28,182.14. The index, which was trading in a narrow band of 100 points for
most of the session, took a sudden plunge of over 250 points in the late
trade.
The broader 50-share Nifty settled the session down 74 points, or 0.86 per
cent, at 8,529.45.
23 of the Sensex stocks ended the day in red.
Infosys and Sun Pharma hogged the limelight through the day. While
Infosys spurted 11.3 per cent to settle at Rs 1,115 after the June
quarter earnings came in line with expectations, Sun Pharma plunged 15 per cent,
a day after the company warned of tepid earnings for the June quarter.
Selling was observed in index heavyweights such as Reliance Industries,
ITC and stocks of select lenders. But Sun Pharma alone contributed most to
the fall. A rally in the stocks of Infosys though capped the losses.
European markets were trading mixed at the time domestic markets closed.
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