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Wednesday, July 31, 2013

The market is steady, Miner decline in Sensex

In the last hour of the trading session the market is slightly lower on selling pressure. Metal, oil & gas, consumer durable and auto stocks I managed to recover from shopping market. IT and technology stocks as well as the trend is intact.

However, realty, bank, power, FMCG and capital goods stocks continue beating. Midcap and Smallcap stocks continued to decline slightly diminished.

The BSE 30-share key index Sensex declined by 29 points ie 0.15 percent, trading at 19 318. The NSE Nifty 50-share key index lost 26.5 points, ie, 0.5 per cent is trading at 5728.5.

The market turnover Bharti Airtel, Wipro, ONGC, Dr Reddy's, Hindalco and HCL Tech giants like seeing stocks is 6.4 to 3 per cent growth. However, NTPC, HUL, ICICI Bank, HDFC Bank, GAIL, DLF, Axis Bank, IndusInd Bank, Jaiprakash Associates and heavyweight stocks have declined from 7.3 to 2.4 per cent.

Strides Arcolab midcap stocks, Sintex Industries, harmony engineering, Essar Oil and Vkrangi software most have fallen by 13.5 to 10 percent. However Motilal Oswal, Phoenix Mill, Motherson Sumi, Era Infra and mid-cap stocks like Aban Offshore gained 7.7 to 4.3 percent.

Small-cap stocks Tecpro Systems, SPML Infra, Jiomitrik, Tara Jewels and Innovative Industries has broken the most from 12.5 to 10 per cent. While small-cap stocks Dhunseri petrochemical, cement ocean, Natco Pharma, Hawkins Cooker and Magma Fincorp gained the most from 10.3 to 6.6 per cent.

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