DAILY MARKET REPORT – 24 JULY 2012

Markets closed marginally in the positive territory in trade today. Global cues, too, were mixed, as we also saw some disappointing PMI numbers coming out in trading hours. Sensex closed at 16918.08 points, up 40.73 points (0.24%). The Sensex touched highs of 16953.94 and a lows of 16884.32 points today. The Nifty closed marginally higher by 10.25 points at 5128.20 (0.20%). It touched a high of 5139.40 and a low of 5116.75 points today. Earnings and PMI data combined with Moody’s lowering outlook on Germany summed up the day today.

On news from the global cues, Asia ended mixed but between +/- 0.20 percent to 0.80 percent in trade on Spain. Europe currently is trading flat today on Spain and PMI data which came in lower. France, Germany and Eurozone PMI came in today while China’s HSBC PMI data came in better than expected.

On the sectoral indices front on the BSE, Midcap Index was up 0.22 percent and the BSE Smallcap Index rose 0.23 percent. The FMCG Index rose 1.57 percent, Oil & Gas Index increased by 0.60 percent and the Metal Index also gained 0.54 percent. The Capital Goods Index declined 0.73 percent, the IT Index fell 0.49 percent and the Healthcare Index declined 0.17 percent.

On the individual stock front, we saw earnings come in today. Co.’s such as Lupin, Shriram Transport, Canara Bank, Tata Elxsi, Wipro, Torrent Pharma amongst other which reported their numbers.

RCom declined 4 percent to INR 59.60, still the effects of the deferred IPO weighing in on investors. Wockhardt rose 6 percent to INR 976 as FII’s purchased an additional stake in the co.

On the currency front, the Rupee rose to INR 55.92 to the US Dollar. Citigroup Inc stated that the currency could touch levels of 57 and above on absence of policies implemented by the government.

Commodities traded higher during the session with WTI at USD 88.43 up 0.33% and Brent trading at USD 103.28 up 0.02%. On the weather front, severe thunderstorm expected in parts of New York, eastern Pennsylvania, northern New Jersey, Vermont and New Hampshire Monday.

Kindly check the Market Summary tab for further information on stock-related data.

(CNBC, Business Standard and Economic Times)



Categories: General News

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