Market Watch

Wednesday, 18 June 2014

Stock Market Tips & Afternoon News

The S&P BSE Sensex broke out of narrow range and plunged sharply following basket-selling in index stocks triggered by tension in Iraq.
Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country's biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer. 
Among blue-chips, Tata Consultancy Services falls 2.1percent while ICICI Bank loses 1.4 percent.
Reliance Industries falls 1.5 percent after the company did not announce any specific plans for its telecom unit Reliance Jio Infocomm, investors say.
Cipla (up 3.62%), Hindalco Industries (up 2.03%) and GAIL (India) (up 1.85%) edged higher from the Sensex pack. 
The market breadth, indicating the overall health of the market was strong.
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