After starting on a subdued note tracking weak global cues, key Indian benchmarks, amidst range bound trading, have ended in red with marginal losses snapping four day rally.

1. Markets end in red snapping four day rally
Market Summary
02-Aug-2012
After starting on a subdued note tracking weak global cues, key Indian benchmarks, amidst range bound trading, have ended in red
with marginal losses snapping four day rally.
Overnight, the major U.S. indices lost close to a quarter percent, as monetary stimulus hopes were dashed by the Federal Reserve
after its two days meeting. Following U.S. cues, most of the Asian indices also closed in negative. Whereas, European shares were
trading positive in anticipation of fresh stimulus measures from European Central Bank (ECB) after its crucial meeting.
Cummins India Q1 numbers beats forecast: For the period while the Net Sales increased by 20.42%, Net Profit grown by 1.91% and
thereby NPM reduced to 14.34% as compared to 16.95% on y-o-y basis. The stock was up 6.79% on BSE today. (Detailed Result)
Following slashing of statutory liquidity ratio (SLR) by the Reserve Bank of India (RBI), India’s largest bank State Bank of India
(SBI) today reduced the interest rates on domestic term deposits of maturity of five years and more by 25 basis points (bps) to 8.50 per
cent. SBI yesterday, providing relief to the new consumers of home and auto loans, announced reduction in lending rates by 0.5 per
cent on home and auto loans. SBI stock closed 0.89% down on BSE today.
The market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1417:1203 while 138 scrips
remained unmoved.
The BSE Sensex ended at 17224.36, down 33.02 points or 0.19%. The 30 share index touched a high and a low of 17246.01 and
17157.28 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The S&P CNX Nifty lost 12.75 points or 0.24% to settle at 5227.75. The index touched high and low of 5236.90 and 5209.95
respectively. 17 stocks advanced against 32 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6083.56 and gained 0.23% while Small-cap index jumped up by 0.47% to 6550.79.
The broader BSE 500 index decreased to 6630.55 (down 0.03%) and S&P CNX 500 index declined to 4138.90 (down 0.07%).
The volatility as denoted by INDIA VIX gained 1.95% at 16.77 from its previous close of 16.45 on Wednesday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.14%), Capital Goods (up 0.69%) and Power (up 0.69%) were the top gainers.
Oil & Gas (down 0.96%), Banks (down 0.36%) and Metals (down 0.31%) were the top losers.
The Angels and the Devils
NTPC Limited (up 3.78%), Bharat Heavy Electricals Limited (up 1.25%), Jindal Steel and Power Limited (up 1.06%), ITC Limited (up
1.00%) and Dr. Reddys Laboratories Ltd. (up 0.82%) were the top gainers on the Sensex.
T Motors Limited (down 1.80%), Oil and Natural Gas Corporation Limited (down 1.25%), Cipla Limited (down 1.13%), Sterlite
ata
Industries (India) Limited (down 1.09%) and Tata Power Company Limited (down 1.05%) were the top losers on the Sensex.
Benchmark Drivers
ITC Limited (16.94 points), Reliance Industries Limited (-12.73 points), HDFC Bank (-12.45 points), NTPC Limited (11.68 points) and
Tata Motors Limited (-8.59 points) were the major Sensex drivers today.
On the other end ITC Limited (4.07 points), Reliance Industries Limited (-3.98 points), NTPC Limited (3.07 points), T Motors
ata
Limited (-2.54 points) and HDFC Bank (-2.34 points) were the major Nifty movers today.
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