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Market in green. Maiden Budget to be the key.

Market trades in green with hopes for the maiden budget by Modi Sarkar. Nifty at record-high 7787.

Nifty, gains 16 points with 28 advances and 22 declines. Sensex, gains 75 points with 18 advances and 12 declines. IT index gains more than 1% and Bank Index loses 1%.

Its an week full of events

July 8  – Railway budget

July 9  – Economic survey by Finance Ministry

July 10 – Union Budget

July 11 – Infosys Q1 results

South Indian Bank and MMTC have gained more than 5% on the early session of the trade. CRISIL and IDFC have also gained more than 4%.

Kotak Mahindra bank has lost more 3%. HPCL and BPCL have also lost more than 2%.

News Corner

The 42-day-long Budget Session of Parliament begins today.

Reliance Communication raises after FTSE raising the weightage on the index.


 

 

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