Highlights for Today
Market Outlook for the day – Nifty is all set for a steep move, an either side break from range 7580-7700 can lead to a 100-120 points move in that direction.
KEC International has secured new orders aggregating Rs 1209 crore in its transmission & distribution and cables businesses.
Jubilant Life Sciences announced a price-increase of 9% for Niacinamide, with immediate effect, for non-contract customers and wherever existing contracts permit.
Strides Arcolab closed 2.3% up on NSE, extending its previous day's gain, after foreign institutional investors (FIIs) have bought nearly 1 percentage points of stake in pharmaceutical company through open market transactions.
Key benchmark indices able to closed positive in a volatile trading day. Among BSE sectoral indices, Pharma, Auto, Realty, Power and FMCG indices closed positive; whereas Oil & Gas and Teck indices closed marginally negative. Monsoon rains were nearly half below average level in the week to 11 June 2014, reflecting the late onset of the annual rains over the southern Kerala coast. The BSE Mid-Cap index was up by 0.52%, outperformed the Sensex; on the flip side the BSE Small-Cap index was up by 0.36%, underperformed the Sensex.