Highlights for Today
Market Outlook for the day – Nifty has closed below important support of 7580 level. Till it is sustaining below the same, we expect decline to continue.
L&T’s construction division has secured new orders worth Rs 1027 crore across various business segments in May and June 2014.
JMT Auto was locked at 5% upper circuit on BSE, with the stock extending recent rally as the company's board approved issue of bonus shares in the ratio of 5:2.
Bharat Heavy Electricals has successfully commissioned a 68 megawatts hydro power plant of SJVN at Rampur.
Trading for the last day of the week ended on a weak note as oil rose amid escalating violence in Iraq. BSE Sensex, and the CNX Nifty, both, hit one-week low. Among BSE sectoral indices Realty and Power were the major loser for the day and its indices closed 5.24% and 3.53% down respectively. Bank index also closed negative. The BSE Mid-Cap index was off more than 2.5%. The BSE Small-Cap index shed over 3%. The market breadth indicating the overall health of the market was weak.