04:59
SHARE MARKET REVIEW
Stock Market Closing : 16-July-2012 Nifty Updates On : 16-July-2012
Nifty Technical Levels :17-July- 2012
Stocks to buy : 17-July- 2012
BSE SENSEX and NIFTY traded in a tight range bound session on MONDAY and extended the falls in later trading hour ahead of FRIDAY and took the NIFTY to slip below the important 5200 level over the weak monsoon worries. According to the weather department monsoon may miss the forecast in JULY and may be insufficient in September although inflation eased in June and data out at 7.25 percent against expected 7.62 percent and previous month’s 7.55 percent. Indian rupee appreciated by 30 paise in early trading hours, declined 4 paise to 55.18 against the U.S. DOLLAR. However Metals and Technology stocks took the heavy fall over the index and metal index and IT index tanked more than 2 percent each while Pharma and Banking stocks capped the downside.
