Market Wrap Up – RIL Leads Gains (06-May-2013)

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RR Financial Consultants‘s insight:

Indian Equity Markets edged higher on first trading day of the week. Index heavyweight and cigarette major ITC dropped. Another index heavyweight Reliance Industries (RIL) advanced. Sun Pharma retracts from record high.
The market breadth, indicating the overall health of the market, was positive.
The BSE Sensex closed 98.00 points higher at 19673.64 & The NSE Nifty ended 27.05 points up at 5971.05. The BSE MIDCAP & SMALLCAP indices also gained 74.74 & 57.78 points respectively. The Indian rupee was week by 0.49% against USD.

Who Moved and Why

1-AstraZeneca Pharma in demand
2-Finolex Industries hits the roof after strong Q4 earnings.
3-Sun Pharma retracts from record high.
4-Adani Power slips after Q4 net loss widens
5-South Indian Bank moves north after Q4 results
6-RCom inches up on buzz of tariff hikeVolumes jump at Mindtree counter.
7-Gujarat Gas Company declines after weak Q1 results.
8-Kansai Nerolac Paints gains after good Q4 results.
9-Copper refiners in demand.

Know the Detail Market Review: – http://www.rrfinance.com/Reserch/Pdf/07-July/DMR/06th_May_equity_closing_update.pdf

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