Market Watch

Thursday 10 July 2014

Stock Tips Alert :Confused on Budget, Sensex Ends 72 Points Down


The Indian markets ended a volatile session in the red as investors absorbed details of the Union Budget presented by Finance Minister Arun Jaitley in Parliament today.
It was a roller coaster ride on Dalal Street with wild swings as investors panicked when the Finance Minister read out his maiden Budget speech. In a extremely choppy trade, the market ended in red. 
The Sensex closed 72.06 points or 0.28 percent down at 25372.75 and the Nifty was down 17.25 points or 0.23 percent at 7567.75. However, the market clocked record turnover at Rs 4.4 lakh crore.
The 30-share index swung 803 points intraday before closing at 25,372.75, down 72.06 points or 0.28 per cent. It touched intraday high of 25,920.46 and a low of 25,117 in trade today.
About 1634 shares advanced, 1243 shares declined, and 89 shares were unchanged. Hindalco and Tata Power were up 3 percent each while GAIL, Coal India and HDFC were top gainers in the Sensex.
 Among the losers were Hero Moto, TCS, M&M, SBI and Bharti Airtel.
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