Sensex inches higher; ONGC BHEL gains Analysis for Jul 18, 2013

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The 30-share benchmark index continued its movement in the positive terrain, tad higher at 46 points, led by some buying interest in blue chips such as ONGC, BHEL, Hindalco, Cipla, Infy and Bharti Airtel.

At 1:22PM BSE SENSEX, was at 19987.11 up, by 68.38 points, or by 0. 25 per cent, while the NSE Nifty was at 5989.1 up by 15.8 points, or by 0.26 per cent

The domestic bourses would further track some direction from key the corporate earnings of Tata Consultancy Services, Axis bank and IDBI Bank.

The BSE Sensex touched an intraday high of 20059.03 and an intraday low of 19956.2, while the NSE Nifty touched an intraday high of 6005.6 and an intraday low of 5974.55.

The BSE MIDCAP was at 5992.83 up, by 8.37 points, or by 0.14 per cent, while the BSE SMLCAP was at 5726.88 up by 1.86 points or by 0.03 per cent.

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 310.75,+3.33%), Bharat Heavy Electricals Ltd. (Rs. 188.15,+2.73%), Hindalco Industries Ltd. (Rs. 104.50,+2.50%), Cipla Ltd. (Rs. 414.70,+1.95%), Infosys Ltd. (Rs. 2800.00,+1.81%), among others.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 869.90,-2.55%), Sterlite Industries (India) Ltd. (Rs. 84.90,-2.25%), NTPC Ltd. (Rs. 145.10,-1.76%), Hindustan Unilever Ltd. (Rs. 674.90,-1.44%), ICICI Bank Ltd. (Rs. 968.95,-1.15%), among others.

Among the 13 sectors, Bankex and auto index were creeping and were down over o.43 per cent and 0.37 per cent respectively.

The Market breadth, indicating the overall health of the market, was negative. On BSE out of total 2201 shares traded, 931 shares advanced, 1124 shares declined and 146 remained unchanged.

On the global front, European peers were trading on mixed note led by fall in ATX, BEL-20 and CAC 40. On the other hand the European peers that gained were Stockholm General, Swiss Market and FTSE 100.

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Story first published: Thursday, July 18, 2013, 13:36 [IST]
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