Highlights for Today
Market Outlook for the day – We expect sideways to positive move in index on Wednesday; focus on stock specific move.
Hero MotoCorp lost 2.2% on NSE on worries below normal monsoon rains this year will impact rural demand for two-wheelers.
Tata Power has crossed the 500 MW mark in renewable energy capacity with the commissioning of a solar plant at Palaswadi, Maharashtra.
Larsen & Toubro plans to raise about Rs 6,000 crore through non-convertible debentures for capital expenditure, equity infusion in subsidiaries and debt repayment in the current fiscal.
Domestic vehicle sales registered a growth of 13.22 per cent to 16,98,138 units in May this year against 14,99,893 units in the same month a year ago as per a data released by the Society of Indian Automobile Manufacturers (SIAM).
The Sensex and Nifty ended the session near flat due to profit-booking by funds and retail investors amid mixed European cues. Key indices closed on record highs after seeing wild gyrations in the positive and negative zone during the day's trading session. Among BSE sectoral indices, realty, oil & gas, capital goods and power indices lost investors' support and were down 2.96 per cent, 0.96 per cent, 0.9 per cent and 0.86 per cent, respectively. On the other hand, consumer durables and IT indices were the star-performers and were up 3.55 per cent and 2.32 per cent, respectively.