Mid-Market – Sensex remains in negative terrain on profit-booking Analysis for Jul 02, 2013

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The key domestic benchmarks were trading lower today as investors booked profits following a three-day rally. The 30-share Sensex was down nearly 20 points with IT and Auto being the major drags. A lack of direction from fellow Asian peers, which were trading mixed today, also influenced market sentiment. Asian stocks were mixed as investors weighed robust manufacturing reports from the US, UK and Japan with a deepening China factory downturn.

At 12:15PM, the BSE SENSEX was at 19,557.61, down by 19.78 points or by 0.10 per cent, and then NSE Nifty was at 5,887.4, down by -11.45 points or by 0.19 per cent.

The BSE Sensex touched intraday high of 19,589.14 and intraday low of 19,499.21. The NSE Nifty touched intraday high of 5,898.8 and intraday low of 5,869.35.

Meanwhile, the BSE MIDCAP was at 6,078.62, up by 6.07 points or by 0.10 per cent, while the BSE SMLCAP was at 5,767.73, up by 14.29 points or by 0.25 per cent.

On the Sectoral front, IT and Auto shed 0.59 per cent and 0.58 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 2074, shares advanced were 969 while 990 shares declined and 115 were unchanged.

The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 297.60,-2.17%), Jindal Steel & Power Ltd. (Rs. 220.00,-1.52%), Tata Motors Ltd. (Rs. 285.40,-1.47%), Hero MotoCorp Ltd. (Rs. 1673.80,-1.45%), Tata Power Company Ltd. (Rs. 87.20,-1.36%), among others.

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Story first published: Tuesday, July 2, 2013, 12:36 [IST]
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