Wednesday, 5 June 2013

INDIAN EQUITY MARKET,June 5th, 2013

• At 9.00 am in the morning, the SGX Nifty was trading 0.50% lower.
• Indian equity indices ended lower on Tuesday due to profit booking in few index majors of banking, IT and metal sectors.
• Shares of Infosys, RIL, DLF and SBI fell 0.72-2.01%.
• Sluggish May sales figures continued to weigh on the auto sector.
• Tata Motors was the top loser on the Nifty falling 2.53% and shares of Maruti Suzuki tumbled 1.39%. Pharma stocks were among the prominent gainers with Lupin, Dr Reddy’s Labs and Cipla gaining 2.08-2.14%.
• Ranbaxy labs (top gainer on the Nifty) rose 4.54% due to short covering.
• Shares of Bata India surged 6.35% ahead of its Annual General Meeting.
• Strong order wins lifted stocks of Suzlon Energy and Lanco Infratech which gained 1.42% and 2.84% respectively.

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