Thursday, August 9, 2012







BSE Small-Cap index was down 0.30% while the BSE Mid-Cap index finished 0.18% down.CNX MIDCAP 50 index was down 0.34% and S&P CNX 500 was down around 0.27%. The SENSEX closed 19 points down at 17,580 and the NIFTY stood at 5,322 down by 15 points.

BSE SENSEX and NIFTY benchmarks ended with a flat note due to depressing JUNE IIP data which contracted to 1.8% as against 2.4% in May, coupled with dismal corporate results including some of the index heavyweights like TATA MOTORS, RANBAXY and BHARTI AIRTEL. Other reasons for negative trend in the benchmarks include Moody’s cut towards India’s growth forecast to 5.5% for this year citing a lack of RBI action despite a broad-based slowdown and poor monsoons. Country’s largest Telecom operator BHARTI AIRTEL extended losses to 6% due to poor quarter results whereas top lender SBIN tanked 4% after the weak IIP data in June.   

Nifty Gainers                                                                                      

Today’s nifty top gainer were:
M&M changed 3.09% with 23, 91, 361 volumes
STER changed 3.07% with 1, 17, 57, 775 volumes
HINDUNILVR changed 2.64% with 17, 04, 384 volumes

Nifty Losers

Today’s nifty top losers were:
BHART AIRTEL with volume 3, 35, 41, 671 and changed -6.25%
SBIN with volume 42, 88, 872 and changed -4.31%
HDFC BANK with volume 41, 41, 096 and changed -4.08%

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