CLOSING SUBDUED
Nifty crawled to gain about 25 points amid narrow movement.
Nifty has given a fitting pullback to the Three week fall / sideways movement.,
. While Global cues, Quarterly
results and Funds flow
are expected to broadly guide the market movement, based on the present
market position, market can be expected to generally remain subdued
particularly towards close.
Nifty
Review for Tuesday :: Narrow Range Day … !!!
After a Wide range
day, it was the turn of a narrow range day. Market traded in a very narrow
range with bullish bias and closed with a marginal gain of 0.30%. 30 of Nifty
stocks gained and broader market too was quite positive with Advance Decline
ratio placed at 1.9:1. Auto, Metal, Realty, Media indices gained while IT,
Energy, Pharma and PSU Bank indices declined. TataMotors, M&M, ICICI Bank
contributed about 25 points to Nifty’s gain while Infy, HDFC and Reliance
dragged down by more than 10 points..
Hindalco, MAruti, Tata Motors, M&M, Tata Steel remained major gainers among Nifty stocks while Tech Mahindra, BPCL,
Asian Paints, Wipro remained losers.
Hidnalco, Maruti, Dish TV, IGL, Bharat Forge remained major gainers
among F&O stocks while Union Bank, Allahabad Bank, CESC, JSW Energy,
Just Dial declined among F&O stocks.
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