MARKET VIEW

The NSE Nifty today opened at 4,410 and touched a high
of 4,502 and then erased some of its gains to touch a low
of 4,406. The positive triggers for the markets today were
mainly - a 6.5% growth in core sector index in June as
against 5.1% in the same month last year on improved
production in cement, coal, crude oil and electricity. Good
numbers from Maruti, ITC and ACC also boosted the
sentiment.
The Nifty finally ended at 4,524, up 125 points from the previous close. The
market breadth was fairly positive, out of 2,718 shares traded, 1,804 shares
advanced and 833 declined today.
The Index of Industrial Production (IIP), stood at 251.6 in June 2009 as against
236.3 in the same month last year, the Commerce & Industry Ministry said on
Thursday. This represents a growth of 6.5% compared to a growth of 5.1% in June
2008. The Realty, Consumer Goods and the Metals sectors were in the limelight
even the Mid-Cap and the Small-cap stocks were in momentum.