Another Disappointing Day, Rupee Tumbles

Suparna / 02 Aug 2013

Another Disappointing Day, Rupee Tumbles

Most of the stocks saw their 52-week lows today. The Nifty ended lower by 49 points at 5677 and Sensex was 153 points down at 19164.

The India markets faced another disappointing day, with most of the stocks seeing their 52-week lows. The Nifty ended lower by 49 points at 5677 and Sensex was 153 points down at 19164. The indices ended in the red by 0.87% and 0.79% respectively. In the week, both the indices ended lower by over 3%.

The advance-decline ratio ended on the negative side. On the NSE, 1242 shares closed in green, while 2050 shares ended the day in the red.

Top 5 Nifty Gainers: Ranbaxy Labs closed the day with the highest gains of 4.1%. Ambuja Cements, ACC, Cairn India and Lupin are the others in gains.

Top 5 Nifty Losers: Power Grid Corp remained the strongest loser, down by 11.2%, followed by JP Associates, Jindal Steel, DLF and Coal India.

10 out of the 13 sectors traded in the red. Metals was the top loser, down by 246. Bankex and Capital Goods also dragged the markets down by 145 points and 125 points respectively. Consumer Durables maintained its morning gains and ended 331 points higher.

The Asian markets closed a strong trading day on a positive note. The Nikkei market closed as the top gainer, up by 460 points. Hang Seng market was also in positives, up by 102 points. KOSPI and Taiwan ended with marginal gains.

Buzzer: Sun TV announce its Q1 results, wherein the revenue went up by 38% at Rs 601 crore. The stock move up by 3% and made a new high of Rs 425.

The USDINR Futures continued to move up and closed at a high of 61.45.

The Nifty has fallen and closed below 5700. If it sustains below this level, a bearish scenario may continue.

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