Volatility ruled the roost in late trade as the key benchmark indices dropped after an intraday recovery which had helped the market briefly turn positive in mid-afternoon trade. The market breadth, indicating the overall health of the market, was just about positive. The barometer index, the S&P BSE Sensex, close down 94.06 points or 0.47%, off 200.04 points from the day's high and up 53.26 points from the day's low. Indian stocks edged lower for fifth day in a row today, 7 January 2014.
Who Moved and Why
1) ITNL inches up after securing provisional completion certificate for a JV road project.
2) Tyre shares in demand as rubber declines.
3) L&T gains after securing major order from Saudi Aramco.
4) Ramky Infra jumps after securing a provisional completion certificate for a road project in AP.
5) Sadbhav Engineering gains after start of commercial operations on a highway project.
6) Bhel recovers on bargain hunting.
7) Valecha Engineering jumps after new orders.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/07th_Jan_equity_closing_update.pdf
Who Moved and Why
1) ITNL inches up after securing provisional completion certificate for a JV road project.
2) Tyre shares in demand as rubber declines.
3) L&T gains after securing major order from Saudi Aramco.
4) Ramky Infra jumps after securing a provisional completion certificate for a road project in AP.
5) Sadbhav Engineering gains after start of commercial operations on a highway project.
6) Bhel recovers on bargain hunting.
7) Valecha Engineering jumps after new orders.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/07th_Jan_equity_closing_update.pdf