Monday, July 13, 2009

MARKET VIEW 13/07/2009


Even after recovering nearly 1.5% from Intraday lows, markets closed nearly 1% down, making it a fourth straight negative trading session. Sensex lost 103 points to close at 13400, while Nifty finished at 3974, losing 29 points. Broader market however, took a sharp dip as depicted by BSE Midcap and Smallcap indices, which shed 2.8% and 3.4% respectively. Turnover at Rs. 67600 cr. was 13% lower than that of Friday. European markets were trading higher by nearly 0.5%. US stock indices futures were marginally in the green.
Except IT and Teck indices, which gained 1.8% and 0.2% respectively, all other BSE sectoral indices finished in red. Consumer Durable index lost the most, plunging 5.7% followed by Metal index, which shed 3.8%. Reliance Infra and JP Associate were the top losers among sensex stocks, falling 6.1% and 4.8% respectively, while Sun Pharma and Infosys gained the most, putting on 2.6% and 2.4% respectively. BSE advance-decline ratio stood at 1:3.5.

No comments: