05:14
SHARE MARKET REVIEW
Nifty Updates On : 31-July-2012
Nifty Technical Levels :1-August-2012
Stocks to buy : 1-August-2012
BSE SENSEX and NIFTY moved in the positive territory with BSE benchmark rising with 92 points and NSE benchmark rose by 29 points. The benchmarks were in a downward trend in initial hours of the market due to the unchanged rate cuts by RESERVE BANK OF INDIA, but the market seemed to have priced in the RBI policy that was majorly on expected lines. However, the stability in the European markets ahead of European Central Bank (ECB) meet helped Indian Markets to bounce back. A high buying pressure was seen in index heavyweights IT, Realty and FMCG sector. WIPRO, ONGC , HDFC and GAIl surged by 1%-2% whereas BHARTI AIRTEL, SBIN , JINDAL STEEL & POWER and M&M tanked by 1%-2%.
