INSUBCONTINENT EXCLUSIVE:
Benchmark equity indices closed on a flat note with a negative bias on Friday on weak global cues
Out of the 5 Nifty constituents, 24 closed in the green and 26 in the red
the USFDA issued voluntary action indicated (VAI) status to Sun Pharma on its Halol plant
The scrip closed 8.17 per cent up at Rs 528.40
VAI status means though objectionable conditions were found at the plant, the issues do not justify further regulatory action and any
corrective action is left to the FDA to take voluntarily.
Vroom Vroom for Tata MotorsTata Motors reported 24 per cent rise in global sales,
including that of Jaguar Land Rover, at 1,07,343 units in May
It had sold 86,385 units in May last year
Shares of the company closed 1.56 per cent up at Rs 310.05.
Peers closed in redAsian equity markets settled in the red due to sustained
selling pressure, as investors adopted a cautious stance ahead of G-7 summit starting in Canada later on Friday as well as upcoming policy
reviews by the US Federal Reserve, European Central Bank and Bank of Japan
Shanghai Composite, Hang Seng, Jakarta Composite, KLSE Composite, Nikkei225, Straits Times, Kospit and Taiwan dipped up to 1.85 per
cent.
Who moved by SensexSelling in HDFC duo as well as ITC, ICICI Bank, Larsen Toubro, Axis Bank, Power Grid, MM, IndusInd Bank and Asian
Paints forced the 30-share index to close marginally in red
However, buying in Sun Pharma, Reliance, Infosys, TCS and State Bank of India capped the downside.
@fresh 52-week lowsAs many as 68 stocks
hit fresh 52-week lows on NSE
They included Ashiana Housing, Golden Tobacco, Hindustan Aeronautics, Kwality Limited, Nitesh Estates, Nitin Fire Protection, Uttam Galva
On the other hand, Bajaj Finance, Firstsource Solutions, Indiabulls Integrated Services and Infosys scaled their fresh 52-week high.
Most
active stocksReliance Communications, Unitech, Punjab National Bank, JP Associates, Steel Authority of India (SAIL), Suzlon, Sun Pharma were
among the most active stocks in terms of volume while those of Sun Pharma, Tata Motors, Bajaj Finance, STAR, Reliance Industries, Tata Steel
MACD, signalled upward crossovers on as many as 116 counters on NSE
The list included Jaiprakash Associates, Sintex Industries, Usha Martin, Vedanta and Subex.
Sectoral updateThe BSE Healthcare index rallied
over 3 per cent, followed by IT (up 0.77 per cent) and TECk (up 0.73 per cent)
On the other hand, Power, Metal, FMCG, Bankex and Capital Goods slipped between 0.20 per cent and 0.75 per cent.
