Friday, July 11, 2014

Latest Stock Market News –Nifty below 7500, Sensex crashes 348 pts

The Sensex fell 308.72 points or 1.22 percent to 25064.03 and the Nifty lost 102.50 points or 1.35 percent to 7465.25. About 704 shares have advanced, 2158 shares declined, and 73 shares are unchanged.
Cera Sanitary falls despite good nos in Q1 Cera Sanitary has reported first quarter (April-June) net profit at Rs 13.6 crore, increased from Rs 11.1 crore in same quarter last year. Net sales jumped to Rs 162.3 crore from Rs 126.6 crore during the same period.
BHEL kept its top position in the selling list, falling 7.5 percent followed by SBI, Larsen & Toubro, Hindalco, Tata Steel, Jindal Steel, NMDC and DLF with 4-6.5 percent. However, the buying continued in healthcare, technology and FMCG shares. TCS, Sun Pharma and Dr Reddy's Labs gained more than 2 percent. Infosys, ITC, Hindustan Unilever, Wipro and Hero Motocorp climbed 1-1.5 percent.
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