INSUBCONTINENT EXCLUSIVE:
Maruti Suzuki was top loser in the Nifty 50 basket of shares.The S-P BSE Sensex and NSE Nifty 50 indices rebounded after falling the most
since July 8 in the previous session led by a rally in banking, metal and financial services shares
The Sensex rose as much as 367 points from day's lowest level and the Nifty 50 Index moved above its important psychological level of
Earlier in the day, Sensex and Nifty traded on a subdued note and switched direction at least 14 times before rising to intraday highs in
the afternoon deals paced by gains in HDFC Bank, ICICI Bank, Infosys and State Bank of India
(: Highlights of Today's Session of Sensex, Nifty)The S-P BSE Sensex ended 162 points or 0.4 per cent higher at 36,725 and the Nifty 50
index climbed 47 points or 0.4 per cent to shut shop at 10,845."Nifty witnessed significant selling pressure post expiry of August series
Multiple reversal attempts have failed and currently we believe the short term structure continues to remains weak
We expect the index to face resistance around 10, on the downside 10,600 levels can be tested," says Sahaj Agarwal, head of derivatives at
Kotak Securities.Six of 11 sector gauges compiled by National stock Exchange ended higher led by the Nifty Metal index's 1.7 per cent gain
Nifty Bank, Private Bank, PSU Bank and Financial Services indices also advanced in the range of 0.6-1 per cent each.On the other hand, Nifty
Auto index was top loser, down 1.8 per cent dragged by weakness in Maruti Suzuki and Tata Motors.Broader markets were broadly in-line with
their larger peers as the Nifty 500 index rose 0.3 per cent.Tata Steel was top gainer in the Nifty 50 basket of shares, the stock rose
nearly 3 per cent to close at Rs 341
Bharat Petroleum, Indian Oil, Dr
Reddy's Labs, JSW Steel, Bharti Airtel, State Bank of India, Vedanta, Hindalco and UPL were also among the gainers.On the flipside, Maruti
Suzuki was top loser in the Nifty 50
The stock fell 4 per cent to close at Rs 5,805 after the company informed exchanges that it would close its plants at Manesar and Gurugram
for two days.Sun Pharma, Britannial Industries, Tata Motors, Titan, Asian Paints, IndusInd Bank and Mahindra - Mahindra were also among the
losers.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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