Monday, 9 July 2012

Stock Market today: 9th July 2012

Market on Monday opened with a weak note. The BSE Sensex was down by 100 points after a closure of 17,521.12.
Stock market today, Nifty trendEven though rupee climbed a bit in the last weak, but it fell 47 paise today to 55.87 against the greenback.
The 30 share index, BSE declined to 100.43 points and opened at 17420.69 where as the broader share index NIFTY-FIFTY was down 31.75 points to 5285.20.
The pressure was seen in the IT sector with Infosys down by 1.7% led by Reliance Infrastructure, JSPL, Ambuja Cements, Tata Steel, Hindalco, JP Assocites, Reliance Industries, ONGC, BHEL, Wipro, HCL Tech, Sterlite Industries, HDFC Bank, Kotak Mahindra Bank, PNB, Bank of Baroda and SBI were all trading under pressure in the early morning session.
Orchid Chemical and Pantaloon Retail slipped 4% and 2.5% after the reports about Intelligence Bureau on Ketan Parekh's stock market scam.
This pressure was also seen in the Textile industries.
Textile stocks like Alok Industries, S Kumars and Arvind also plunged to 1.5-2%.
However, Indraprastha Gas was up 3.35% 
Subex rose 2.5% 
TVS Motor, UB Holdings and Kingfisher Airlines were up 2%.

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