The markets swung in and out of the positive territory zone for a major part of the day, as investors braced for the earnings season to roll out tomorrow.
IT major and index heavyweight is set to kick-start the Q2 earnings season tomorrow. Earnings guidance by the IT major is likely to set the tone for the markets in the near-term.
Back today, the Sensex spurted to a high of 20,324 in the early trades, but the rally soon fizzled, and the BSE index dropped to a low of 23,136 - down 188 points from the day's high.
Thereafter, the Sensex swung in and out of the positive terrain, and finally ended with a marginal gain of 24 points at 20,273. The NSE Nifty added 13 points to 6,021.
Among sectors, thanks to Tata Motors which rallied 5 per cent to Rs 372, the Auto index jumped 2 per cent to 11,744.
Mahindra & Mahindra also gained nearly 2 per cent at Rs 867, and Maruti added 1.6 per cent to Rs 1,421.
NTPC, Tata Steel and Sesa Sterlite also moved up around 1.5 per cent each.
Infosys ended with a marginal gain of 0.5 per cent at Rs 3,124.
On the other hand, Tata Power and Hindalco shed 2.2 per cent each at Rs 84 and Rs 117, respectively.
Bajaj Auto slipped 1.5 per cent to Rs 2,121. Hindustan Unilever, HDFC Bank and Gail India were the
other prominent losers.
The market breadth was fairly positive - out of 2,590 stocks traded on the BSE today, 1,422 advanced and 1,016 declined.
Click Here for detailed market commentary.
IT major and index heavyweight is set to kick-start the Q2 earnings season tomorrow. Earnings guidance by the IT major is likely to set the tone for the markets in the near-term.
Back today, the Sensex spurted to a high of 20,324 in the early trades, but the rally soon fizzled, and the BSE index dropped to a low of 23,136 - down 188 points from the day's high.
Thereafter, the Sensex swung in and out of the positive terrain, and finally ended with a marginal gain of 24 points at 20,273. The NSE Nifty added 13 points to 6,021.
Among sectors, thanks to Tata Motors which rallied 5 per cent to Rs 372, the Auto index jumped 2 per cent to 11,744.
Mahindra & Mahindra also gained nearly 2 per cent at Rs 867, and Maruti added 1.6 per cent to Rs 1,421.
NTPC, Tata Steel and Sesa Sterlite also moved up around 1.5 per cent each.
Infosys ended with a marginal gain of 0.5 per cent at Rs 3,124.
On the other hand, Tata Power and Hindalco shed 2.2 per cent each at Rs 84 and Rs 117, respectively.
Bajaj Auto slipped 1.5 per cent to Rs 2,121. Hindustan Unilever, HDFC Bank and Gail India were the
other prominent losers.
The market breadth was fairly positive - out of 2,590 stocks traded on the BSE today, 1,422 advanced and 1,016 declined.
Click Here for detailed market commentary.
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