Market Wrap-Up: Axis Bank spurts after good Q1 results

Key benchmark indices surged in late trade with higher European markets boosting sentiment. Index heavyweight Reliance Industries (RIL) regained positive zone in late trade. ONGC surged after a foreign brokerage upgraded the stock to ‘buy’ from ‘outperform’, on positive factors such as the continuing hikes in monthly diesel prices and the recent doubling of gas prices The market breadth, indicating the overall health of the market, turned positive from negative. The BSE Sensex & CNX Nifty closed up by 179.68 & 64.75 points respectively.

Who Moved and Why

  • Essar Ports gains after strong Q1 earnings

    Axis Bank Ltd

    Axis Bank Ltd (Photo credit: Wikipedia)

  • Axis Bank jumps after strong Q1 numbers
  • IDBI Bank drops to 52-week low after weak Q1 numbers
  • Cairn India gains as crude trades near one-week high
  • Info Edge (India) spurts after robust sequential results
  • Volumes jump at Info Edge (India) counter
  • Bajaj Finance drops after Q1 results
  • Kotak Mahindra Bank slips after Q1 NPAs rise
  • Lupin scales record high after strategic pact with MSD for avaccine
  • Exide Industries jumps after brokerage upgrades

Read full story here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/18_July_equity_closing_update.pdf

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