Market Wrap - Up: Market surges as rupee recovers

Key benchmark indices hit fresh one- week high in late trade as the battered Indian rupee recovered against the dollar after the latest data showed that India's current account deficit (CAD) moderated harply to 3.6% of GDP in Q4 of March 2013 from a historically high level of 6.7% of GDP in Q3 December 2012. The market breadth, indicating the overall health of the market, turned positive from negative in late trade. The BSE Sensex closed 323.85 up at 18875.96 & The CNX Nifty closed 93.65 points up at 5682.35.  

Who Moved and Why 

• Mahindra Satyam, Tech Mahindra extend gains after amalgamation 
• Sobha Developers slips ex-dividend 
• New orders electrify Kalpataru Power 
• National Fertilizer gains on likely divestment by government 
• Volumes jump at Dabur India counter
• South Indian Bank gains after RBI removes FII stock purchase curbs 
• Hanung Toys tumbles after reverse turnaround in Q4 
• Cairn India gains along with crude oil price 
• IT stocks extend recent gains on weak rupee. 

 For detail analysis report please visit:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/27th_June_equity_closing_update.pdf

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