Market pares gains Indian Equity Markets trimmed gains in early afternoon trade. Banking majors were mostly higher. IT stocks were mostly lower on weak economic data in the US, the biggest outsourcing market for the Indian IT firms.
Index heavyweight and cigarette major ITC reversed initial gains. The market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 78.95 points up at 19689.42 & The CNX Nifty was 27.15 points up at 5966.45.The BSE MIDCAP & SMALLCAP indices were positive by 29.66 & 35.01 points respectively.
Who Moved and Why
Life Insurance Policies in India
Index heavyweight and cigarette major ITC reversed initial gains. The market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 78.95 points up at 19689.42 & The CNX Nifty was 27.15 points up at 5966.45.The BSE MIDCAP & SMALLCAP indices were positive by 29.66 & 35.01 points respectively.
Who Moved and Why
- Cipla gains on bargain hunting.
- Idea Cellular gains on talks to sell tower biz to Axiata.
- Tata Communications gains on tele services pact in China.
- GSK Pharma spurts on open offer buzz.
- Wipro inches up after announcing investment in Axeda.
- Hero Moto Corp gains after record sales in May 2013.
- Lanco Infratech jumps after large order win.
- On Mobile Global jumps after announcing acquisition of Livewire Mobile.
Life Insurance Policies in India
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