Market Wrap- Up: Sensex drops in choppy trade as rupee slumps against dollar

Key benchmark indices edged lower in choppy trade as a steep slide in rupee against the dollar hit investor sentiment adversely. The market breadth, indicating the overall health of the market, was almost even. Capital goods stocks edged lower. Pharma stocks also declined. Shares of index heavyweight Reliance Industries declined in choppy trade.
Interest rate sensitive banking stocks edged lower after the Reserve Bank of India (RBI) kept repo rate and cash reserve ratio unchanged after mid-quarter review of the monetary policy on Monday, 17 June 2013

Who Moved and Why 

• RCom gallops to 52-week high on high volume

• VA Tech Wabag jumps after bagging new order

• Nitesh Estates spurts as promoter revokes pledged holding

• Shasun Pharma tumbles as workers go on strike

• Volumes jump at Ahmednagar Forgings counter

• Ranbaxy drops to 52- week low ahead of SC hearing

• Apollo Tyres recovers after 3- day 30.49% slide

• Weakness prevails in MMTC counter.

• Orchid Chemicals spurts after Chennai plant gets USFDA approval.

For detail analysis report please visit: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/18th_June_equity_closing_update.pdf

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