Market wrap-up: Mid Session Update!

Indian Equity markets extended intraday gains to hit fresh intraday high in early afternoon trade. India’s largest power equipment maker by capacity Bhel hit 52- week low. Shares of gold finance companies tumbled on recent steep slide in gold prices in the commodities markets. Shares of Jaypee Group companies were mostly lower.

Ranbaxy Laboratories slumped to 52-week low. The market breadth, indicating the overall health of the market, was weak. The BSE Sensex was 202.09 points up at 18742.98 & The CNX Nifty was 49.00 points up at 5639.25.

Who Moved and Why

  • Indraprastha Gas gains after the company increased the price of CNG by 5% in Delhi and neighboring areas.
  • MMTC was locked in 5% lower circuit, extending recent steep slide triggered by government concluding the divestment of 9.33% stake at a huge discount.
  • Mahindra & Mahindra Financial Services fell, extending Monday’s 8.07% fall triggered by the company’s board dropping plans to apply for a banking license.
  • Jaiprakash Power Ventures tumbled, extending Monday’s 13.48% fall triggered by the company’s announcement that operations at its hydro-power plant in Uttarakhand stopped due to floods.

For detail analysis report please visit: – https://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/25th_June_Mid_Session_Update.pdf

Also find information about stock market, gold prices, bonds, INR vs Dollar,  mutual funds, fixed income, life insurance plans in India, tax saving schemes, Fixed Deposits . Please Visit:- http://www.rrfinance.com/

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