Tuesday, July 7, 2009

MARKET VIEW



After Monday's massive 870 points plunge on
the Sensex following the presentation of the
Union Budget, the index managed a tepid pull
back today, thanks mainly to FMCG stocks. The
Sensex opened 60 points higher at 14,104, and
touched a low of 14,000 points in morning
trades. The index, thereafter, exhibited high
volatility throughout the day owing to the
constant bouts of buying and selling in the market. The Sensex managed to touch
the day's high of 14,252, up 252 points from the day's low. The index finally ended
at 14,170, up 127 points. The market breadth was extremely positive - out of
2,630 shares traded, 1,461 declined and 1,071 advanced on the BSE. Most of the
sect oral indices managed to recover partially from yesterday.

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