Banking, auto stocks edge higher!

Key benchmark indices further pared intraday gains and hit fresh intraday low in early afternoon trade. Two-wheeler stocks rose on expectations of pickup in sales during the upcoming festive season and on hopes good rains this year will boost rural sales. Bank stocks gained across the board. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 10.50 points up at 19743.26 & The CNX Nifty was 2.60 points up at 5853.20. The Indian Rupee was 1.29% strong against USD.

Strides Arcolab

Strides Arcolab (Photo credit: Wikipedia)

Who Moved and Why

  1. L&T gains after winning orders
  2. SSWL jumps after bagging export order
  3. Two-wheeler makers in demand
  4. Strides Arcolab slides after receiving warning letter from USFDA
  5. Ranbaxy Labs slumps after FDA import alert
  6. PSU OMCs gain after petrol price hike
  7. Infosystems rallies on merger talks with HCL

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