11 June 2014

Today in Intraday Market Sensex loses 110 pts, Nifty ends below 7650

After hitting record high, the intraday market ended in negative terrain in a volatile trading session. The Nifty managed to end above 7600, down 29.55 points at 7626.85. The Sensex was down 109.80 points at 25473.89. About 1616 shares advanced, 1516 shares declined, and 70 shares were unchanged.
IT stocks remained leaders in today's trade with Infosys and TCS gaining 2-3 percent each. Hero MotoCorp, Dr Reddy's Labs and Bajaj Auto were other gainers in the Sensex. Among the losers were Tata Power, Hindalco, Coal India and BHEL.The Indian rupee is trading at 59.28/29 versus its close of 59.29/30 on Tuesday, tracking mixed Asian currencies and weakness in the domestic share market.
Traders expect the pair to trade in a range of 59.25 to 59.45 for the day. Stocks slipped from near recent highs while the euro retreated towards a four-month low in the wake of upbeat US economic data and the European Central Bank's monetary easing.

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