Tuesday, July 2, 2013

BSE Sensex slips over 100 pts; Jindal Steel falls 4%


The market has grown weak further in the last trading hour of the day. The Nifty was struggling and closed at 5857.55, down 41.20 points while the Sensex slips 119.42 points to19457.46. About 1063 shares have advanced, 1184 shares declined, and 153 shares are unchanged. Jindal Steel (down 4.1 percent) is the biggest loser in the Sensex. Tata Power, ONGC, Infosys and HDFC Bank are other losers. Mumbai-based real estate firms DB Realty and Bombay Dyeing rallied 5 percent each while state-owned IFCI lost 4 percent on profit taking.

Ranbaxy Labs rebounded in late trade, rising 9 percent after the USFDA told that there is no proof of data reliability issues other than at 3 units that are Paonta Sahib, Batamandi & Dewas.

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