IndusInd Bank slips as foreign investment reaches trigger limit!

Key benchmark indices edged lower in choppy trade on the last trading session of the week after the latest data showed that India’s merchandise exports fell for the second month in a row in March 2014. The barometer index, the S&P BSE Sensex, close down 86.37 points or 0.38%, off close to 57 points from the day’s high and up about 89 points from the day’s low. Weakness in Asian and European stocks and overnight steep slide in US stocks hit sentiment on the domestic bourses adversely.

Equity Closing UpdatesWho Moved and Why

1) NMDC hits 52-week high after declaring FY 2014 production, dispatches data.
2) Shasun Pharma, Sequent Scientific edge higher.
3) Ester Industries gains after preferential allotment of convertible warrants.
4) HDIL hits 52-week high as foreign fund hikes stake.
5) Sanghi Industries jumps after large bulk deal.

6) IndusInd Bank slips as foreign investment reaches trigger limit.
7) GTL Infra surges after allotment of shares upon FCCB conversion.

Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/11Daily__Market_Review_Equity_Bell%20(4).pdf

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