Highlights for Today
Market Outlook for the day – Current chart patterns of Nifty suggest decline to continue.
Wipro has won a transformational IT applications and infrastructure deal from 7-Eleven, a convenience store chain in Australia.
Titagarh Wagons Ltd has bagged a contract for rehabilitation of 56 coaches (seven rakes) from the Kolkata Metro Railway.
Shareholders of YES Bank have approved the board's decision to raise $500 million capital to support its growth plans.
The wholesale price index-based inflation for May came in at 6.01 per cent, higher than 5.2 per cent in the previous month. This is also higher than the WPI-based inflation of 4.58 per cent recorded in May 2013.
The Sensex and Nifty ended the session marginally in the red on the back of poor performance by capital goods, auto and banking stocks amid weak global cues. Volatility was high in late trade. The market sentiment was edgy as crude oil prices rose and as the rupee fell against the dollar. Among BSE sectoral indices, Realty index closed 1.70% up, Healthcare and Consumer durables indices also closed in green. While BSE capital goods index was down 1.16 per cent, followed by auto 1.07 per cent and banking 0.52 per cent, respectively. The market breadth indicating the overall health of the market was negative.