Friday 26 July 2013

Market Wrap-Up: PNB slumps as sticky loans rise

High volatility was witnessed during the last one hour or so of trade, with key benchmark indices slipping into the red once again after moving into positive terrain from negative terrain in mid - afternoon trade. GAIL (India) extended Thursday's post - result losses. FMCG major Hindustan Unilever (HUL) fell on weak Q1 result. The market breadth, indicating the overall health of the market, was weak.
The BSE Sensex closed 56.57 points down at 19748.19 & The CNX nifty closed 21.30 points down at 5886.20.

Who Moved and Why

1) Tata Coffee spurts after robust Q1 outcome Bharat Electronics drops after weak Q1 outcome
2) Metal stocks slide after weak Q1 result from Sterlite Industries
3) Dish TV drops amid volatility after Q1 results
4) HUL drops after declaring poor Q1 results
5) Torrent Power drops to 52 - week low after reverse turn around in Q1
6) Volumes jump at Hathway Cable & Datacom counter
7) Bank of India turns volatile after Q1 earnings
8) HUL extends intraday fall after declaring poor Q1 results

Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/26th_july_equity_closing_update.pdf

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