AfterNoon Intraday Market Live Update By CapitalHeight

The Sensex declined 81.11 points to 24819.52 after recovering 180 points from day's low. The Nifty fell 22.40 points to 7591.95 after hitting an intraday low of 7542. CapitalHeight provides the most accurate Tips like Intraday Tips, Share Market Trading Tips, Intraday Stock Tips, Day Trading Tips, Mcx Commodity Trading Tips, Stock & Nifty future tips on Intraday Basis with 2 Days Free Trials. For more information you can call us @ 9993066624 and visit www.capitalheight.com/about.php

Live Update

The market breadth was positive as about 1149 shares advanced against 978 declining shares on BSE.

           Maruti Suzuki shares lost 3.4 percent intraday on worries of rising Japanese yen against US dollar that may hurt company's margin performance.

           In three months, Maruti shares lost 15 percent. Analysts say every 10 percent appreciation in yen have 200 basis points negative impact on company margins.

         The country's largest car manufacturer has exposure to the yen in form of royalty paid to Suzuki Corporation (the parent company) and import of raw material. Its about 25 percent cost is yen denominated, out of which 20 percent comes from yen denominated imports and 5 percent of sales from royalty outgo.

        Infosys, ITC, ICICI Bank, L&T and SBI were down 1-1.5 percent while Lupin and Dr Reddy's Labs topped buying list on Sensex, up over 1.5 percent.