Thursday, July 2, 2015

Live: Sensex Flat With Negative Bias; Metal, IT Stocks Weigh

 Sharemasterindia.com 3.14 p.m.: Bosche surged 4.65 per cent to Rs 23,063.95 to be the top gainer in Nifty, while Hindalco industries was down 1.83 per cent at Rs 111.05 to be top loser in Nifty. The stock has corrected over 10 per cent in last one month.

3:00 p.m.: RBI governor Raghuram Rajan says that we are working with banks to improve asset quality.

2:55 p.m.: Aurobindo Pharma, Videocon Industries, Unitech, Pidilite Industries, Titan and J P Associates were among the top losers from the mid-cap space.

2:48 p.m.: Ruchit Jain, technical analyst with Angel Broking says that Tata Motors is in complex corrective nature. Downside in the stock is limited to Rs 410 levels and one should not create fresh short position. Rather accumulating Tata Motors around Rs 410 levels is advisable for target of Rs 475-480 in next couple of months with stop loss at Rs 385.

2:40 p.m.: Ruchit Jain, technical analyst with Angel Broking says that PSU banking stocks are forming a base at current levels and can move higher from current levels. SBI, Union Bank and Bank of Baroda are looking god from one month's time frame.

2:30 p.m.: Markets edge lower; Sensex slips 41 points to 27,980 and Nifty down 3 points at 8,449. IT, metal capital goods and pharma stocks face selling pressure.

2:05 p.m.: Markets continued to trade on a flat note. The Sensex was up 11 points at 28,031 and Nifty advanced 12 points to 8,465.

1:55 p.m.: Mahesh Patil, co-chief investment officer at Birla Sun Life AMC expects says early signs of growth are already visible in the economy. In next two quarter this growth will be reflected in the corporate earnings of companies.

1:46 p.m.: Shares of financial services firm Religare Enterprises rose sharply by over 7 per cent today amid reports of possible takeover of the company.

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