Closing Update; Nifty ended below 10,500 marks; Metals stocks soar

free stock tips, Market news 5 julyThe Nifty50 index closed 12.85 points down at 10,477.90, while the BSE Sensex ended Thursday’s session 63.85 points down at 33,848. 03. The trading session moved in the lower territory, in viw of F&O expiry for December.

Shares of Hindalco Industries, United Phosphorus Ltd, Vedanta, Dr. Reddy’s, Tata Steel, Indiabulls Housing Finance and GAIL (India) emerged as the top gainers among the Nifty50 stocks on Thursday. On the other side, stocks of SBI, Indian Oil Corporation,  Bharat Petroleum Corporation, Bajaj Auto and Hero MotoCorp remained the top losers.

A few stocks zoomed upto 20% including shares of Fineotex Chemical, Balkrishna Paper Mills, PBA Infrastructure, Flexituff, Jaypee Infratech, STL Global, Syncom Healthcare and Gammon Infrastructure on NSE today.

The Nifty Pharma Index fell 0.6 percent today as pharmaceutical stocks gave way to profit booking. Banks stocks continued to be weak for the third consecutive session tracking a surge in the yields of ten-year govt bonds today. TheNifty Bank index ended flat, and the Nifty PSU Bank Index declined 1.9 percent.

Metal stocks gained considerably on the back of a surge in global base metal prices. The Nifty Metal Index ended 2.1 percent higher today.

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