05:10
SHARE MARKET REVIEW
Nifty Updates On : 1-August-2012
Stocks to buy : 1-August-2012
BSE SENSEX and NIFTY although ended on positive note but it was a completely lackluster session for the Indian benchmarks. The 30-Share BSE index was up by 3 points at 17,257.38 and NIFTY closed up by 11 points at 5,240.50. Today’s consolidation after nearly 600 points rally on the SENSEX in the previous three sessions indicated that the market seems still hopeful for some actions on reforms after cabinet reshuffle. Even the outcome of Federal Reserve’s and ECB meetings will be closely watched by the market. However, the broader markets outperformed benchmarks, as BSE Midcap and Smallcap indices gained 1% each. CIPLA, KOTAK BANK, AMBUJA CEMENTS gained 3%-4% whereas COAL INDIA, ONGC and SESA GOA tanked by 2%-3%.
