20 August 2014

Intraday Market Tips Updates; Sensex, Nifty end down on profit booking

The Intraday market has ended on a lower note after touching record high on Tuesday. The Sensex is down 106.38 points at 26314.29 and the Nifty is down 30.05 points at 7867.45. About 1690 shares have advanced, 1294 shares declined, and 102 shares are unchanged. 
Sun Pharma, Cipla, Dr Reddy's, Tata Power and BHEL were the top gainers in the Sensex. Among the losers were ONGC, Tata Motors, Axis Bnak, L&T and Reliance.ONGC topped the selling list, down 2.6 percent followed by HDFC with 1.8 percent. ITC, Tata Motors, Reliance Industries, Larsen and Toubro, State Bank of India, Mahindra and Mahindra, HUL and Axis Bank declined 0.6-1 percent.
However, healthcare stocks saw hefty buying interest with the Sun Pharma, Cipla and Dr Reddy's Labs rising 3-4 percent. Midcap pharma companies gained 4-15 percent. Among others, Wipro rose 1.3 percent while Tata Power and NTPC climbed 1.7 percent and 0.9 percent, respectively.
Global markets were mixed with the European markets like France, Germany and UK falling less than 0.5 percent while Asian markets like Taiwan and Straits closed with minor gains.

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