Monday, July 6, 2015

Live: Sensex Showcases Smart Recovery, Rallies 460 Points From Lows

Sharemasterindia.com 3:21 p.m.: The European markets have also come off the intraday low levels. Germany's DAX was down 0.6 per cent, French CAC40 index was down 0.7 per cent and FTSE 100 was slipped 0.3 per cent.

3:12 p.m.: Hemen Kapadia of K R Choksey Securities says that one can buy HCL Tech, TCS and Infosys ahead of results.

3:08 p.m.: The Sensex has advanced 112 points at 28,204 and Nifty advanced 38 points to 8,523 levels. Analysts say that the sudden buying is coming on the back of short covering.

3:05 p.m.: Marksans Pharma, Sundaram Multi Pap, Elder Pharma, Arvind Remedies, Trident Ltd and Esaar (India) Ltd were among the top gainers from the small-cap space.

3:00 p.m.: Markets continue to trade with a positive bias. The Sensex was up 76 points at 28,169 and the Nifty was up 27 points at 8,512.

2:57 p.m.: Buying was visible across the board in late trading. Banking, pharma, realty, auto, IT, capital goods and FMCG indices were up 0.3-1.4 per cent each.

2:44 p.m.: The Nifty touched its crucial psychological level of 8,500 on the back of broad-based buying.

2:40 p.m.: Jayesh Mehta Managing Director & Country Treasurer, Bank of America told NDTV that Greece issue will have muted impact on India and the focus will now shift to RBI and there is expectation that the central bank would go ahead and cut interest rates.

2:38 p.m.: Diljeet Kohli of IndiaNivesh Securities says, that today's market movement indicate that Greece default was more or less on expected lines and markets are taking a view that contagion will be limited.

2:30 p.m.: The bounce back in the markets came on the back of buying at lower levels creeped in the broader markets. BSE 100, BSE 200, BSE 500, small-cap and mid-cap indices edged higher in late trades.

On the sectoral front, pharma stocks led the recovery. Buying also came in oil & gas, banking, realty, FMCG and consumer durable stocks.

2:25 p.m.: The Sensex and Nifty bounced back from intraday low levels on buying in pharma stocks. The Nifty was up 4 points at 8,489 and the Sensex was up 13 point at 28,105.

2:00 p.m.: The Sensex was down 90 points at 28,002 and the Nifty was down 21 points at 8,463 levels.

1:58 p.m.: The stocks traded on the Euro Stoxx 50 index were facing the heat of selling pressure. Euro Stoxx 50 index fell 1.7 per cent in early European trades.

1:50 p.m.: Buying is also seen in select FMCG stocks. The BSE FMCG index was up 0.02 per cent; Tilaknagar Industries, Kwality Ltd, Triveni Industries, Venky's India, Dhampur Sugar, Balrampur Chini, Godfrey Phillips India and Safal Herbs were among the top gainers.

1:40 p.m.: Real estate stocks are also witnessing buyers interest. The BSE realty index was up 0.5 per cent; HDIL, Oberoi Realty, DLF, NBCC, Sobha and Godrej Properties were among the top gainers.

1:28 p.m.: Kesoram Industries shares rose as much as 8 per cent to an intraday high of Rs 88.70 on Monday, extending its gain to nearly 15 per cent in two sessions
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