Wednesday, 12 June 2013

INDIAN EQUITY MARKET,Thursday, 13.06.2013.

At 9.00 am in the morning,the SGX Nifty was trading 0.85% lower.
Indian equity indices ended lower on Wednesday due to disappointing domestic economic data.
Shares in the metal and auto space were among the major losers with Tata Steel, Hindalco Industries, Hero MotoCorp, Bajaj Auto and Maruti Suzuki, ending down 0.72-2.65%.
Stocks of Coal India fell 2.84% as the Department of Disinvestment moved the proposal to sell 10% stake in the company to the Cabinet Committee on
Economic Affairs (CCEA).
Titan Industries plunged 13.76% due to central bank tightening norms for gold imports.
Few index heavyweights from the banking and realty sectors recouped losses on the back of short covering.
Among the banking pack shares of SBI, ICICI Bank and IndusInd Bank gained 0.43-3.29%.
Jindal Steel was the top gainer on the Nifty rising 4.16%.

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