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Stock Market Technical Report Tuesday 26th July 2011

Due to RBI's credit policy markets lost about 2% and all indices closed in negative. Reality and capital goods also lost about 3% in today's trading session. Today RBI, central bank of India raised repo rate by 50 basis points to 8% and reverse repo to 7% in its policy meet to arrest rising inflation. The CNX Midcap index was down 1.1% and the BSE Smallcap index also lost 0.8%. The Sensex closed at 18518 which is down by 353 points from its previous close. Today's Top Gainers were Power Grid Corporation with +.46%, Tata Consultancy with +.42%, Reliance Power L with +.13%, Wipro Ltd with +.07%. Top Loosers were IDFC with -6.09%, Reliance Communication Ltd with -5.66%, Bharat Heavy Electricals with -4.76%, Kotak Mahindra Bank with -4.25%, Mahindra & Mahindra with -4.08%.


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