Equity and Commodity Market wrap-up – RR Information Research

Key benchmark indices held firm & hit fresh intraday high in early afternoon trade. Index heavyweight and cigarette major ITC extended intraday gain. Tata Power Company advanced on bargain hunting after recent slide. Power finance stocks declined sharply for second day in a row. Telecom stocks gained. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 201.04 points up at 19378.80 & The CNX Nifty was 62.50 points up at 5833.40. Indian Rupee was 0.40% strong against USD.

Who Moved and Why

1. L&T gains after setting record date for bonus issue
2. Bharti Airtel gains after hiking stake in Qualcomm
3. Future Ventures India in action after re-listing
4. Tata Power recovers on bargain hunting
5. Mangalore Chemicals slumps after Deepak Fertilizers buys stake
6. Select stocks drop ex-dividend
7. Bajaj Auto drops ex-dividend
8. ALSTOM India jumps after bagging Bhel contract
9. M&M inches up after raising funds for capex plans

For detail analysis report please visit: - https://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/4th_july_Mid_Session_Update.pdf

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