The Indian Intraday market opened with a strong positive gap this morning, with traders indulging
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plunge on the back of mounting worries about the Chinese economy and the
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Equity Intraday benchmarks clawed back again amid
volatility ahead of expiry of August Nifty derivative contracts (on Thursday).
The Sensex gained 142.48 points at 25884.04 and the Nifty rose 41.35 points to
7850.35. The BSE Midcap also recovered, up half a percent but Smallcap remained
under pressure, down 0.4 percent.
The Intraday market breadth was weak as about 718 shares have advanced against
1237 shares declined on the Bombay Stock Exchange. Coal India, Axis Bank,
Vedanta, Tata Steel, Bajaj Auto, Cairn India, Yes Bank and BPCL topped the
buying list, up 2-5 percent. However, NTPC, GAIL, HDFC, Ambuja Cements, Bharti
Airtel and Hero Motocorp lost 2-5 percent.
Shares of ICICI Bank, Axis Bank, Sun Pharma, Tata Motors, SBI, HUL, Cipla, Coal
India, Hindalco Industries and Vedanta rallied 2-3.5 percent. However, HDFC,
NTPC, HDFC Bank, Bharti Airtel, GAIL and Hero Motocorp continued to see selling
pressure. The rupee also extended recovery to 66.41 a dollar, up 23 paise over
66.65 a dollar seen in previous session.
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