After falling for past two trading sessions, the Indian stock market
see-sawed between negative and positive zone throughout the day and
ended higher snapping its losing streak thanks to renewed buying
momentum in the FMCG, oil & gas and IT stocks. At the closing session of the stock market, Equity Benchmarks ended green. Sensex with 84.72 points closed at 27859 and Nifty hiked 16.85 points to 8592. Indian Rupee closed at 66.87 against US Dollar. BSE Midcap with 3 points up closed at 12648 and Nifty MidCap with 29 points up closed at 14743. Gold dropped 31 points to 31362 and Silver dropped 96 points to 47019. Natural Gas hikes 1 points to 173 and Crude Oil slipped 25 points to 2787. Asian Market traded average. Nikkei dropped 29 points to 16735, Hang Seng hike 88 points to 22580 and Shanghai Composite dropped 16 points to 3002. Overall 1169 shares advanced, 1517 shares declined and 161shares remained unchanged. Bank of Baroda tumbled 8.9% to Rs.146. The bank said its net profit for
the June quarter fell 59.74% from a year ago due to higher provisions
and lower net interest income. Net profit for the quarter stood at
Rs.423.62 crore as compared to Rs.1,052.15 crore a year ago.
Top Gainers: Idea Cellular, Eicher Motors, Lupin, BPCL, ITC
Top Losers: Bank of Baroda, Grasim, Bharti Infratel, Zee Entertainment, Hindalco
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