Nifty in tight range; SBI, SAIL, Reliance Cap top gainers
05 Jul 2011
The benchmark Nifty was trading in a narrow range of 5615-5645 since the beginning of trade today. Market could be eyeing for events, which are lined up this month like earnings, GDP, inflation and RBI policy.
The 30-share BSE Sensex was trading at 18,763, down 51 points and the 50-share NSE Nifty fell 15 points to 5,635. Global markets were quiet in trade as US markets were shut yesterday.
Heavyweights Reliance Industries and BHEL were down over 2% & 3.5%, respectively. ITC, HUL, Bharti Airtel, TCS, Hindalco, DLF, NTPC, ICICI Bank and Reliance Communications too were putting pressure on the market.
However, SBI was the leading counter on Nifty, with rising 1.5%. Infosys, Wipro, HDFC Bank and L&T too were on buyers' radar. SAIL and Grasim were the top gainers, with gaining over 2%.
ICICI Bank, SBI, BF Utilities, Jubilant Foodworks, VIP Industries, Reliance Industries, BHEL and Tata Motors were most active shares on exchanges.
Midcaps like Cholamandalam rallied 12%. BF Utilities, Blue Dart, Wockhardt and Greaves Cotton gained 4-6.5%. However, UCO Bank, Shree Global, TTK Prestige, Shree Renuka and Prestige Estate lost 2.5-5%.
Smallcaps like Accentia Tech, Mahindra Forgings, Mastek, Electrotherm and Symphony jumped 8-13% whereas Warren Tea, Chromatic India, Cosmo Films, KPR Mill and Binny fell 5-13%.
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