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Tuesday, 16 August 2016

Stock Market Updates by Moneymaker Research

Market indices snapped a two-day winning streak, amid a volatile trading session, with Infosys among the top losers after its key client Royal Bank of Scotland canceled a project. Further, higher-than-expected increase in July wholesale price inflation and weak global cues also dampened sentiment. The Sensex ended lower 88 points at 28,065 after breaking the 28,000 mark in intra-day trade and theNifty50 slipped 30 points to settle at 8,643. Broader markets, however, outperformed the benchmark indices - BSE Midcap index inched up 0.5% while and the Small cap index ended flat. The wholesale price index- (WPI) based inflation rose by 3.35% in July up from 1.62% in June, pushed up by food prices such as vegetables and fruits. Consumer prices rose at a faster-than-expected pace to 6.07.

Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to ICICIBANK Decrease in price was seen in BANKINDIA.


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