Market wrap-up: TCS, HCL Tech scale record high!

The Mumbai Stock Exchange stands tall, and is ...

The Mumbai Stock Exchange(Photo credit: Wikipedia)

A bout of volatility was witnessed as key benchmark indices pared gains after hitting fresh intraday high in early afternoon trade. The government’s decision on Tuesday, 16 July 2013, to relax overseas – investment rules for a number of sectors boosted sentiment. Index heavyweight and cigarette major ITC held firm. Another index heavyweight Reliance Industries extended intraday gains. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 71.92 points up at 19923.15 & The CNX Nifty was 14.35 points up at 5969.60.

Who Moved and Why

1) TTK Prestige off 10.6% in 3 days after weak Q1 results
2) Clariant Chemicals spurts nearly 17% in two sessions
3) Shasun Pharma spurts after successful completion of inspection by two regulators
4) DCB gains after strong Q1 results
5) Reliance Media Works off 9.6% in 2 days after setting record date for rights issue
6) Telecom stocks in demand
7) Sabero Organics Gujarat spurts after turnaround Q1 numbers
8) Torrent Pharma gains after setting record date for bonus issue

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