10 June 2014

Free Tips in Indian Share Market: Sensex at new closing high, Nifty holds 7650

In intraday rally IT stocks and late trade recovery in heavyweights helped the Sensex and Nifty end at record closing highs after seeing consolidation on Tuesday. However, investors were cautious on monsoon deficiency.
The 30-share BSE Sensex was up 3.48 points to close at 25583.69 after seeing 236 points recovery from day’s low of 25347.33. The 50-share NSE Nifty managed to hold the 7650 level, up 1.80 points to 7656.40 after hitting an intraday low of 7579.30.
IT majors Infosys and Wipro gained 2.7 percent each while rival TCS advanced 2 percent. In the pharma space, Cipla and Dr Reddy’s Labs were up 2.7 percent and 1.7 percent, respectively.
Shares of DLF, Grasim, Ambuja Cements, Tata Steel, ONGC, Sesa Sterlite, BHEL and Hero Motocorp topped the selling list, falling 2-3 percent. Top lender State Bank of India gained 1.4 percent and rival Axis Bank was up 1.6 percent.

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