The
Stock market entered into a consolidation mode after pricing in China equity
rout and Greece crisis. It is eagerly waiting April-June quarter earnings that
will be kicked off by TCS today evening. The Sensex fell 32.07 points to
27655.65 and the Nifty declined 12.15 points to 8350.90. The market breadth
remained strong as more than two shares advanced for every share declining on
the Bombay Stock Exchange.
The equity market recovers quickly after a slow start. The Sensex is up 101.27 points at 27788.99, and the Nifty up 35.15 points or 0.4 percent at 8398.20. About 815 shares have advanced, 198 shares declined, and 71 shares are unchanged. Bharti Airtel, Sun Pharma, L&T, Coal India and Lupin are top gainers while Vedanta, Bajaj Auto, HDFC Bank, TCS and Tata Motors are down in the Sensex.
Tata Motors lost another 2 percent, in addition to 6 percent fall in previous session on fears of slowdown in China sales of its subsidiary Jaguar Land Rover. However, L&T, Bharti Airtel, Lupin, BHEL and Hero Motocorp gained 1-3 percent. The stock listed at Rs 300 on the National Stock Exchange against issue price of Rs 320 apiece. It touched an intraday high of Rs 318.45 and low of Rs 285.70. It lost as much as 10.7 percent intraday.
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The equity market recovers quickly after a slow start. The Sensex is up 101.27 points at 27788.99, and the Nifty up 35.15 points or 0.4 percent at 8398.20. About 815 shares have advanced, 198 shares declined, and 71 shares are unchanged. Bharti Airtel, Sun Pharma, L&T, Coal India and Lupin are top gainers while Vedanta, Bajaj Auto, HDFC Bank, TCS and Tata Motors are down in the Sensex.
Tata Motors lost another 2 percent, in addition to 6 percent fall in previous session on fears of slowdown in China sales of its subsidiary Jaguar Land Rover. However, L&T, Bharti Airtel, Lupin, BHEL and Hero Motocorp gained 1-3 percent. The stock listed at Rs 300 on the National Stock Exchange against issue price of Rs 320 apiece. It touched an intraday high of Rs 318.45 and low of Rs 285.70. It lost as much as 10.7 percent intraday.
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