Market Watch

Monday 7 July 2014

Top Stock Market Highlights from Ending Market Session



The Nifty rose on Monday to a third consecutive record high, while the Sensex surpassed 26,000 points.

Technology stocks led the gains, with the BSE IT index closing 2.63 percent higher ahead of Infosys kicking of the April-June earnings season on July 11. Infosys rose 3.07 percent, while Tata Consultancy Services Ltd gained 3.24 percent.
Healthcare stocks gained as investors tried to de-risk their portfolios by adding defensive stocks. Dr Reddy's Laboratories Ltd rose 1.94 percent, while Sun Pharmaceutical ended 1.93 percent higher.
Energy stocks gained with Tata Power Co Ltd up 3.7 percent and Bharat Heavy Electricals Ltd ending 0.74 percent higher on hopes that the power sector would get better treatment in the budget.
However, gains were limited as investors trimmed positions in banking, and oil and gas stocks. ICICI Bank closed 0.8 percent lower, while Oil and Natural Gas Corp ended down 1.5 percent.

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