8 July 2014

Live Intraday Tips Market Updates; Today Sensex falls 600 pts, Nifty breaches 7600

The Intraday market drags further on heavy profit booking. The Sensex is down 569.90 points or 2.18 percent at 25530.18 and the Nifty is down 176.00 points or 2.26 percent at 7611.15. About 769 shares have advanced, 2220 shares declined, and 94 shares are unchanged. 
L&T, SBI, Reliance Industries, ONGC, ICICI Bank, TCS and Tata Motors slipped 1.5-4 percent while BHEL, NTPC, Coal India and Tata Power cracked 4.5-7 percent. However, housing finance company HDFC and drug maker Sun Pharma outperformed, rising over a percent.
ONGC has okayed an expenditure sanction of an additional USD 501.95 million (equivalent to Rs 3,085.54 crore) for hiring of five more offshore jack-up rigs for a period of three years," according to oil and gas industry .The effective rig rate based on the Indian petro news article works out to approximately USD 91,680 per day, Aban lists Oil and Natural Gas Corporation and its unit ONGC Videsh among its marquee clients, a presentation by the company in May 2014 on its website shows. The stock gained 3.7 percent now.

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