Immense volatility was witnessed in late trade as the key benchmark indices once again regained positive zone after sliding to fresh intraday low in late trade. The barometer index, the S&P BSE Sensex, hit its lowest level in over six weeks. The 50-unit CNX Nifty also hit over six-week low below the psychological 6,000 mark only to regain that level later. The S&P BSE Sensex closed at 20229.05 and 11.66 point down. The market breadth, indicating the overall health of the market, turned negative from positive in late trade. In the foreign exchange market, the rupee reversed initial losses against the dollar in choppy trade.
Who Moved and Why
1) Amara Raja Batteries corrects on profit booking.
2) United Spirits gains after ICRA upgrades debt rating.
3) Gujarat Gas corrects ex-dividend.
4) IT stocks gain on weak rupee.
5) Elder Pharma jumps on buzz Torrent in talks to buy India biz.
6) Uflex gains after divesting 75% stake in unit.
7) Sterling Biotech spurts over 29% in two sessions.
8) IFB Industries slumps on profit booking.
Read detail analysis report: - http://www.quora.com/Rahul-Prasad-12/Posts/Immense-volatility-was-witnessed-in-late-trade
Who Moved and Why
1) Amara Raja Batteries corrects on profit booking.
2) United Spirits gains after ICRA upgrades debt rating.
3) Gujarat Gas corrects ex-dividend.
4) IT stocks gain on weak rupee.
5) Elder Pharma jumps on buzz Torrent in talks to buy India biz.
6) Uflex gains after divesting 75% stake in unit.
7) Sterling Biotech spurts over 29% in two sessions.
8) IFB Industries slumps on profit booking.
Read detail analysis report: - http://www.quora.com/Rahul-Prasad-12/Posts/Immense-volatility-was-witnessed-in-late-trade
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