Stock Market Updates for Today (15th July '11)
After a positive start on the back of some hectic buying in Tata Consultancy Services following an encouraging report card, the market faltered in the red, and, despite staging a few smart rallies from lower levels, ended in the red on Friday as investors mostly moved on to the sidelines due to weak global cues.
Caution ahead of release of European banks stress tests results and concerns about a weak outlook for the U.S. economy rendered price movements quite sluggish. High inflation, fears of more monetary tightening moves by the Reserve Bank of India too contributed to the weakness.
The Sensex, which tumbled to around 18,513 after an initial upmove, ended the day at 18,561.92 with a loss of 56.28 points or 0.3%. The Nifty closed at 5581.10, down 18.70 points or 0.33% from its previous closing mark. The Nifty touched a high of 5631.70 and a low of 5562.75 during the day.
Posts
