Market Watch

Monday 14 July 2014

Free Stock Tips & Mid-Day Market Updates

Good recovery in BSE bank and capital goods indices from the lows of the day. The BSE Power index is the star performer of the day so far, up 1 percent over the previous close.
India's Titan Co Ltd fell as much as 3.7 percent after its jewellery unit, Tanishq, said they had closed two gold deposit schemes, under which customers would deposit cash for a certain period and receive an amount of jewellery at the end.
Shares in Titan were down 2.4 percent at 0750 GMT, after hitting a low of 318.10 rupees.
Infosys' first quarter numbers were on expected lines. Maybe the market is waiting for TCS' and HCL Tech's numbers before firming up its view on the IT sector.
IT stocks edged lower. HCL Technologies (down 2.27%), Tech Mahindra (down 0.51%) and Wipro (down 2.24%) declined. But, TCS rose 1.42%.
The Sensex was down 84.22 points or 0.34%, up about 50 points from the day's low and off close to 155 points from the day's high.
The market breadth indicating the overall health of the market was weak.

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