FinNiche
FINANCIAL KNOWLEDGE
Market This Week In the week July 22 - 26, the SENSEX slumped 2% and close at the 19748.19 mark. The Nifty also fell by more than 2.3% to close at 5886.2. Hindustan Unilever slumped after its June-quarter sales missed forecast, while banks such as HDFC Bank fell on caution ahead of the RBI’s policy review next week. Maruti Suzuki failed to hold on to earlier gains and fell 2.7% after analysts raised concerns about the carmaker’s cautious outlook on car sales. Reliance Infrastructure (RLIN.NS) fell 1.6% while Ranbaxy Laboratories ended 1.9% own as brokers expected both stocks to be removed from the Nifty at a review next month. Property developer DLF fell 1.5% after Citigroup downgraded the stock to “sell” from “neutral”, citing high leverage and mounting interest costs. BSE SENSEX
SENSEX Simple Moving Averages Thirty Days
19477.3
Fifty Days
19554.3
Hundred Days
19379.5
Two Hundred Days
19314.2
CNX Nifty
JULY 2013
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