Key benchmark indices edged lower in choppy trade on heightened speculation that the Federal Reserve may be about to start cutting back on its stimulus program. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The market breadth, indicating the overall health of the market, was negative. The BSE Sensex closed at 21255.26 and 71.16 point down.
Who Moved and Why
1) Strides Arcolab gains in volatile trade on dividend bounty.
2) Ess Dee Aluminium jumps after RBI hikes FII limit.
3) Hexaware Tech hardens as board approves merger of BPO firm.
4) L&T slides on profit booking.
5) C & C Constructions gains after winning new order.
6) SBI declines on equity dilution worries.
7) Lupin gains after US FDA OKs Trizivir generic.
8) Venus Remedies jumps after out licensing deal with South African firm.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/10th_Dec_equity_closing_update.pdf
Who Moved and Why
1) Strides Arcolab gains in volatile trade on dividend bounty.
2) Ess Dee Aluminium jumps after RBI hikes FII limit.
3) Hexaware Tech hardens as board approves merger of BPO firm.
4) L&T slides on profit booking.
5) C & C Constructions gains after winning new order.
6) SBI declines on equity dilution worries.
7) Lupin gains after US FDA OKs Trizivir generic.
8) Venus Remedies jumps after out licensing deal with South African firm.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/10th_Dec_equity_closing_update.pdf