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Monday, July 22, 2013
HDFC Bank, Cummins, IndusInd Bank, Exide, Drreddy, Monthly Outlook, India Banks, Wockhardt, India Oil & Gas, India Strategy, India Economics and India Macro
HDFC Bank, Cummins, IndusInd Bank, Exide, Dr Reddy,
Monthly Outlook, India Banks, Wockhardt, India Oil & Gas,
India Strategy, India Economics and India Macro
IT stocks reboot after strong Q1 show from TCS
Key benchmark indices saw divergent trend on last trading day of the week after witnessing high intraday volatility. The barometer index, the BSE Sensex, logged small gains to settle at over 7-week high. The 50-unit CNX Nifty finished slightly lower. The Sensex advanced 21.44 points or 0.11%, off 106.75 points from the day's high and up 38.72 points from the day's low. The market breadth, indicating the overall health of the market, was negative.
Index heavyweight Reliance Industries rose ahead its Q1 June 2013 results today, 19 July 2013. Index heavyweight and cigarette major ITC rose marginally after striking a record high. Bank stocks dropped. In the pharma pack, Lupin scaled record high. Power equipment major Bhel dropped sharply. IT major TCS hit record high after reporting good Q1 results after trading hours on Thursday, 18 July 2013. Other IT stocks were boosted by good Q1 results from TCS. HCL Technologies scaled record high. Asian Paints reversed direction after striking a record high.
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