BEST IN THE RACE TODAY
The NSE Nifty hit the 4,700 mark for the first time since first
week of August, 2009 however was unable to hold on to the
psychological level as the bulls and bears fought it out on
F&O expiry day. Volatile trades were witnessed throughout
the day with the small-cap and mid-cap stocks continuing to
play catch-up with their frontline counterparts. The
Consumer Durables, Capital Goods and Pharma stocks were
among the major gainers. Sensex opened 58 points lower at 15,712. The BSE benchmark index touched a low of 15,685 in early trades, and thereafter rebounded in the noon trades to touch a high of 15,854.
The market breadth was positive, out of 2,843 shares traded, 1,640 advancedand 1,126 declined today.
The export-oriented sectors hogged the limelight as the government announced the Foreign Trade Policy. Also the Cycle manufacturing companies were in demand.
Tata Steel group posted a loss of Rs22.1bn in the Q1 as against Rs39bn profit inthe same period last year. Group sales were at Rs231.8bn as against Rs422.7bn adecline of 46.5% YoY. Other income was at Rs2.04bn versus Rs526.9mn in the corresponding year.
The NSE Nifty hit the 4,700 mark for the first time since first
week of August, 2009 however was unable to hold on to the
psychological level as the bulls and bears fought it out on
F&O expiry day. Volatile trades were witnessed throughout
the day with the small-cap and mid-cap stocks continuing to
play catch-up with their frontline counterparts. The
Consumer Durables, Capital Goods and Pharma stocks were
among the major gainers. Sensex opened 58 points lower at 15,712. The BSE benchmark index touched a low of 15,685 in early trades, and thereafter rebounded in the noon trades to touch a high of 15,854.
The market breadth was positive, out of 2,843 shares traded, 1,640 advancedand 1,126 declined today.
The export-oriented sectors hogged the limelight as the government announced the Foreign Trade Policy. Also the Cycle manufacturing companies were in demand.
Tata Steel group posted a loss of Rs22.1bn in the Q1 as against Rs39bn profit inthe same period last year. Group sales were at Rs231.8bn as against Rs422.7bn adecline of 46.5% YoY. Other income was at Rs2.04bn versus Rs526.9mn in the corresponding year.
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