Intraday volatility continued as key benchmark indices trimmed losses!

by Rahul Saxena IT Executive

Intraday volatility continued as key benchmark indices trimmed losses after hitting fresh intraday low in mid-morning trade. The barometer index, the S&P BSE Sensex, was up 14.02 points or 0.07%, up about 35 points from the day's low and off close to 40 points from the day's high. The market breadth, indicating the overall health of the market, was strong. Metal and mining stocks edged lower. Most IT stocks rose after data showed the US economic recovery gaining momentum. Shares of state-run oil marketing companies (PSU OMCs) extended Monday's gains triggered by hike in petrol and diesel prices.

Who Moved and Why

1) GMR Infra takes off on prospects of exit from Istanbul airport project.
2) T D Power Systems turns volatile after bulk deals.
3) Lanco Infratech gains after lenders' nod for CDR.
4) UltraTech Cement gains after CCI nod for Jaypee Cement unit acquisition.
5) Bajaj Auto inches up after multiple block deals.
6) UPL hits 52-week high on share buyback plan.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/24th_Dec_MidSession%20Update.pdf