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SHARE MARKET REVIEW
Nifty Updates On : 6-August-2012
Nifty Technical Levels :7-August-2012
Stocks to buy : 7-August-2012
BSE SENSEX and NIFTY ended on a firm foot as better than expected payrolls data in the U.S. and the emerging optimism for the solution to Euro zone debt-crisis aided the rally. The foreign institutional investors (FII’s) bought equities worth Rs.208.69crores and on account of hopes of some reforms in the monsoon parliament session, the market moved towards positive rally. Index heavyweight RELIANCE INDUSTRIES hogged the limelight, rising 5.7% due to sharp rally in crude. Country’s largest private sector lenders ICICI BANK and HDFC BANK were up by 1.5%-2% while their rival SBI rose 0.6%. Top commercial vehicle maker shot up 3.5% and state-owned gas transportation services provider GAIL rose by 2.5%. DR REDDY’s (0.89%), ITC (0.33%), TCS (0.21%), COAL INDIA (0.20%), and HUL (0.09%), were the only losers.
