2 July 2014

Live Intraday Market Tips Updates; Record high: Nifty at 7725, Sensex up 325pts

In Intraday market Budget hopes and firm global cues boosted market sentiments as benchmark indices see record closing high. The Nifty ended above 7700, for first time ever, at 7725.15, up 90.45 points or 1.18 percent. The Sensex closed at 25841.21, up 324.86 or 1.27 percent. Sesa Sterlite was the biggest gainer of the day, pocketing 4 percent profit.
NTPC, BHEL and HDFC were up 3 percent each while Coal India rose 2 percent. On the losing side were GAIL and Infosys.Bulls are on fire today with the benchmark indices hitting fresh record highs ahead of Budget (on July 10) and first quarter earnings season. 
The Sensex climbed 290.11 points or 1.14 percent to 25806.46 and the Nifty rose 80.60 points or 1.06 percent to 7715.30. About 1836 shares have advanced, 1113 shares declined, and 107 shares are unchanged.
Shares of HDFC Bank, L&T, HDFC, Reliance Industries, ITC, ICICI Bank, Sesa Sterlite, Tata Motors, Sun Pharma, SBI, NTPC, Hero Motocorp and Bharti Airtel gained 1-3.5 percent while GAIL and Infosys fell marginally.

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