Market Wrap – up: – IT stocks declined as rupee firmed against dollar!

Key benchmark indices hit fresh intraday high in early afternoon trade. IT stocks declined as rupee firmed against dollar. Construction shares were in demand on renewed buying. Larsen and Toubro (L&T) gained after the company said it has won new orders worth of Rs 3057 crore across various business segments in June 2013.Key benchmark indices moved into positive after a lower start triggered by weak Asian stocks. Key benchmark indices pared gains after hitting three-week high in morning trade. A bout of volatility was witnessed as key benchmark indices recovered after paring intraday gains in morning trade.

Who Moved and Why

  1. HCC jumps 5.7% in 2 days on preferential allotment of warrants to promoters
  2. Siemens firms up after winning new order
  3. L&T Finance gains on board’s approval for banking license application
  4. Reliance Infra gains after withdrawing from Delhi airport metro express project
  5. PSU OMCs gain after petrol price hike
  6. Tata Power gains as state electricity regulator clears tariff hike proposal

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