Post Market Commentary on Indian Stock Markets – 25th July 2012

Posted By : Kishore B.S

Friends,

It was a choppy Markets today and BSE Sensex lost 74.03 points (-0.44%) and settled at 16,844.05. The index touched a high and a low of 16,899.01 and 16,736.60 respectively. Nifty lost 18.95 points (-0.37%) to settle at 5,109.25. The index touched high
and low of 5,121.60 and 5,076.60 respectively.

HCL Tech Q4 profit rises over 42%; FX loss at $10.5m. It reported a 47.8% rise in
quarterly net profit, and was the top gainer since initial trade today, rising 7%

Private sector lender YES Bank’s first quarter (April-June) net profit grew forecast
beating 34% year-on-year to Rs 290 crore.

Maruti Suzuki India quotes “We do not have any stock of Swift and DZire at our
factory(Manesar plant)” with this competitors are hoping to make hay when the sun is shining.

We also got to hear from National Australia Bank saying “We think Greece will exit the single currency”.

Yesterday the National Stock Exchange decided to remove 51 stocks from F&O
segment, which also had an impact on the equity market.

Jindal Steel topped the selling list, falling more than 4% after disappointing numbers in
Q1. Hindalco, Sterlite Industries and Tata Steel were down 1.7%-2.4%.

Top gainers were
HCL Tech 513.55(+6.81), Ambuja Cements 174.30(+3.66)

Top losers were,
Jindal Steel 395.80(-4.57), SAIL85.50(-3.72), Reliance Infra 492.90(-3.07)

(Inputs: Mr. Mukesh, Stock Market Institute, Research Team, Bangalore)

Cheers!!

Team SMI

 

www.stockmarketinstitute.org

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