Volatility ruled the roost as key benchmark indices reversed intraday losses after the Reserve Bank of India (RBI) after a monetary policy review raised its main lending rate viz. the repo rate by 25 basis points as expected and decided to infuse liquidity into the banking system. The S&P BSE Sensex was up 69.37 points or 0.34%, off close to 32 points from the day's high and up about 143 points from the day’s low. The market breadth, indicating the overall health of the market, was negative.
Who Moved and Why
1) Nocil drops after weak Q2 numbers.
2) Banks firms up after RBI hikes key interest rates.
3) Oriental Hotels drops on reverse turnaround in Q2.
4) PSU OMCs gain after crude oil declines.
5) KSB Pumps spurts after strong Q3 results.
6) VIP Industries gains after turnaround Q2 results.
7) HIL drops to 52-week low on reverse turnaround in Q2.
8) Lanco Industries spurts after turnaround Q2 results.
9) Maruti Suzuki jumps after strong Q2 earnings.
Read detail analysis report here:- http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/29th_Oct_MidSession%20Update.pdf
Who Moved and Why
1) Nocil drops after weak Q2 numbers.
2) Banks firms up after RBI hikes key interest rates.
3) Oriental Hotels drops on reverse turnaround in Q2.
4) PSU OMCs gain after crude oil declines.
5) KSB Pumps spurts after strong Q3 results.
6) VIP Industries gains after turnaround Q2 results.
7) HIL drops to 52-week low on reverse turnaround in Q2.
8) Lanco Industries spurts after turnaround Q2 results.
9) Maruti Suzuki jumps after strong Q2 earnings.
Read detail analysis report here:- http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/29th_Oct_MidSession%20Update.pdf