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Midday Note: Market dips after a high

Wednesday, July 1, 2009 11:38 am
By ShareGyan.com NewsDesk

Key indices could not sustain early profits as selling in the index bigwigs have pulled the benchmark indices to nearly day’s low. All the other sector indices are on the lower side run by BSE Metal index low 2%, BSE Power index low 1.2% and BSE PSU index low 1.3%.
19 stocks are on the lower side and 11 are on the higher side among the 30-components of BSE. The BSE 30-share fell 101 points and the NSE was low 30 points at 11:35 pm IST.
The top slackers are ONGC, L&T, Reliance Industries, ICICI Bank and JP Associates. ITC, M&M, Hindustan Unilever and Bharti are the major earners.
Hero Honda shares have achieved by a percent to Rs.401 after the June sales increased 23.7% thus posting its 6th successive month of more than 3lakh sales beginning January this year. Hero Honda had sold 2, 95,675units of two-wheelers in June last year.

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