MUMBAI: Stocks
settled on a lower note on the last day of the June derivative series amid volatility. Even the secondline space which was in
focus for a major part of the day gave in to profit booking. Sectorwise, consumer durables and automobile stocks were hit while realty and banking counters ended with minor gains.

Inflation rate continued to remain in negative territory Thursday but showed a marginal rise, government data showed. The whole sale price index stood at minus 1.14 percent for the week ended June 13, compared with 1.61 per cent in the precious week.

National Stock Exhange’s Nifty slipped below the 4300 mark to finally settle at provisional 4264.80, down 0.66 per cent or 28.15 points. The index moved in a range of 4337.95 and 4221.15.

Bombay Stock Exchange’s Sensex was down 0.39 per cent or 56.66 points at 14,366.07. The index touched a high of 14,578.46 and low of 14,261.14 intra-day.

BSE Midcap Index ended 0.01 per cent lower and BSE Smallcap Index fell 0.26 per cent.

Nifty gainers comprised Unitech (6.03%), HDFC Bank (3.4%), ICICI Bank (2.79%), Grasim Industries (2.49%) and HCL Technologies (2.3%).

Tata Motors (-5.95%), Cipla (-4.38%), Mahindra & Mahindra (-3.22%), HCL Technologies (-3.19%), and Reliance Power (-3.06%) were the losers in the 50-share index.

Market breadth on BSE, however, remained positive with 1411 advances against 1210 declines.

source: Economictimes

Tags: bse tips, buy or sell tata stocks, Cipla, hcl, hot stocks, Indian Stocks, markets drag, NSE Tips, sensex tips

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