Market Wrap-Up: Market pares gains in late trade

Key benchmark indices pared gains in late trade after striking extending intraday gains in mid- afternoon trade. The market was volatile as traders roll over positions in the futures & options (F&O) segment from the near month June 2013 series to July 2013 series.

The market breadth, indicating the overall health of the market, was negative. The BSE Sensex closed 88.26 points up at 18629.15 & The CNX Nifty closed 18.85 points up at 5609.10. The BSE MIDCAP & SMALLCAP indices closed 26.58 & 23.38 points down respectively.

Who Moved and Why

• RCom gains on bargain hunting

• Ranbaxy gains on buzz SC dismisses PIL

• Volumes jump at Page Industries counter

• Future Retail sheds 40% in three sessions

• Shares of gold loan firms tumble in tandem with gold prices

• Jaiprakash Power extends losses to hit a new low

• Weakness prevails in M&M Financial Services counter

• MMTC tumbles 43% in nine sessions

• Indraprastha Gas gains after CNG price hike

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