REC turns volatile after board’s nod for raising funds!

Key benchmark indices edged lower for the second day in a row triggered by the India Meteorological Department (IMD) on Thursday, 24 April 2014, announcing that the country will likely get below-normal levels of monsoon rain this year. The barometer index, the S&P BSE Sensex, close down by 56.45 points or 0.25%, off close to 80 points from the day’s high and up about 45 points from the day’s low. The market breadth, indicating the overall health of the market, turned positive from negative in late trade. The S&P BSE Mid-Cap index was up nearly 1%.

Equity Closing Graph

Who Moved and Why

1) Godrej Consumer Products drops on poor Q4 result.
2) Symphony surges after stellar Q3 earnings.
3) REC turns volatile after board’s nod for raising funds.
4) Wockhardt jumps as Himachal Pradesh lifts ban.
5) Shree Cement drops after weak Q3 earnings.
6) Volumes jump at National Buildings Construction Corporation counter.
7) Sasken Communication tumbles after weak sequential earnings in Q4.
8) UPL hits record high on good Q4 outcome.
9) Siemens gains after strong Q2 results.

Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/28_april_equity_closing_update.pdf

Market Wrap-Up:Bhel drops on profit booking!

Key benchmark indices provisionally ended a tad lower for the day in what was a lackluster trading session. The barometer index, the S&P BSE Sensex, closed down 4.76 points or 0.02 %, up close to 65 points from the day’s low and off about 70 points from the day’s high. The market breadth, indicating the overall health of the market, was negative. Index heavyweight and cigarette major ITC rose, Maruti Suzuki India dropped in choppy trade after the car major announced the recall of a total of 1,492 vehicles for replacing defective steering column. IT stocks declined as the rupee edged higher against the dollar.

Who Moved and Why

• Sobha Developers tumbles on profit booking.

• LIC Housing Finance drops after a block deal.

• Eicher Motors jumps nearly 6% in two sessions.

• DIC India extends recent steep rally on delisting offer.

• Bharti Infratel turns volatile after a block deal.

• Bhel drops on profit booking.

• Wockhardt slumps after FDA alert on Chikalthana plant.

• Aban Offshore drops after recent rally Westlife.

• Development drops after block deals.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/27th_Nov_equity_closing_update.pdf

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Ashok Leyland drops on reverse turnaround in Q2!

Key benchmark indices edged lower, in what was a highly volatile trading session after global credit rating agency Standard and Poor’s (S&P) today, 7 November 2013, warned that it may lower India’s rating to speculative grade from investment grade next year if the government that takes office after the general election fails to provide a credible plan to reverse the country’s low economic growth. The barometer index, the S&P BSE Sensex, provisionally settled below the psychological 21,000 mark, after regaining that level in early afternoon trade. The BSE Sensex closed at 20822.77 and 72.77 point down.

New U Truck from Ashok Leyland (U3123T) (Photo credit: Wikipedia)

Who Moved and Why

• Triveni Turbine drops after poor Q2 numbers.
• Info Edge (India) spurts to record high.
• Bhel extends slide after poor Q2 outcome.
• Wockhardt jumps on UK regulator nod for Kadaiya unit.
• Sobha Developers jumps after good Q2 earnings.
• Bajaj Electricals surges on new orders win.
• Visaka Industries tumbles after reporting net loss in Q2.
• Thermax declines after weak Q2 outcome.
• Ashok Leyland drops on reverse turnaround in Q2.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/07th_Nov_equity_closing_update.pdf

Related articles  Ashok Leyland sales plunge in October (news.in.msn.com)

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