9 June 2014

Get Free Tips with Live Today Intraday Afternoon Market

The Intraday market saw some profit booking, it continued to hold strong momentum in noon trade supported by banking & financials, FMCG, auto and capital goods stocks. The Sensex rose 151.73 points to 25548.19 and the Nifty gained 56.80 points to 7640.20. About 2069 shares have advanced, 775 shares declined, and 81 shares are unchanged.
President Mukherjee said digital India will be the backbone of the new government’s working. It plans to set up Wi-fi zones in critical areas in five years and will roll out broadband highway to reach each village. Larsen and Toubro gained 3.5 percent after hitting a record high of Rs 1,774.70. Brokerage house Barclays reiterated its overweight rating on the stock.
Coal India surged 5 percent as the government will pursue coal sector reforms to attract investment. Bharat Electronics and BEML rose over 3 percent as the government will liberalise FDI in defence production and carry out reforms in defence procurement.

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