Equity benchmarks remained under pressure with the Nifty trading below the 7300 level on expiry day, weighed down by heavyweights like Infosys, Reliance Industries and HDFC twins. Hindalco Industries rebounded, gaining nearly 3 percent after fourth quarter earnings. The barometer index, the S&P BSE Sensex, close at 24234.15 and down 321.94 points or 1.31%, off close to 294.05 points from the day's high and up about 27.65 points from the day's low.
Who Moved and Why
1) Alphageo (India) hits the roof on turnaround Q4 numbers.
2) Coal India slips after weak Q4 results.
3) Hindalco reverses intraday fall after declaring Q4 result.
4) Bajaj Electricals slumps after reverse turnaround in Q4.
5) IOC gains after Q4 results.
6) Excel Crop Care spurts after robust Q4 earnings.
7) Escorts slips after weak quarterly earnings.
8) Tata Global Beverages drops after weak Q4 results.
9) Nalco declines after weak Q4 outcome.
10) Hero MotoCorp slips after Q4 results.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/29_may_equity_closing_update.pdf
Who Moved and Why
1) Alphageo (India) hits the roof on turnaround Q4 numbers.
2) Coal India slips after weak Q4 results.
3) Hindalco reverses intraday fall after declaring Q4 result.
4) Bajaj Electricals slumps after reverse turnaround in Q4.
5) IOC gains after Q4 results.
6) Excel Crop Care spurts after robust Q4 earnings.
7) Escorts slips after weak quarterly earnings.
8) Tata Global Beverages drops after weak Q4 results.
9) Nalco declines after weak Q4 outcome.
10) Hero MotoCorp slips after Q4 results.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/29_may_equity_closing_update.pdf
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