Thursday, July 9, 2009

TODAY MARKET VIEW

Markets closed absolutely flat after a choppy trade. Sensex lost 11 points to close at 13757, while Nifty finished at 4080, up 2 points. Turnover at Rs. 73900 cr. was lower by nearly 17% compared to yesterday. Inflation for the week ended June 27 came in at –1.55% as against –1.30% for the week ago. Crude bounced back from lower levels and was trading at $61.07/bbl, up 1.6%. European markets were trading about 1% up on the back of strength in mining, banking and oil stocks. US stock indices futures were up by more than half a percent.
Among the sectoral indices, BSE Consumer Durable index and Capital Goods indices were the top losers, shedding 1.4% and 1.1% respectively. Metal and Healthcare indices gained the most, putting on 1.5% and 1% respectively. Reliance Infra and Sun Pharma were the top gainers among sensex stocks, up 2.4% each

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