Tuesday, August 18, 2009

MARKET OUTLOOK 18.08.2009



After yesterday’s mayhem, markets saw a steady recovery throughout today’s trading session on the back of improving global cues. Sensex gained 250 points to close at 15035, while Nifty ended at 4459, up 71 points. BSE Midcap and Smallcap indices gained 2.1% each. Turnover at Rs. 94600 cr. was nearly 4% higher than that of yesterday. European markets were up by about 0.5% ahead of the key US housing figures. US stock indices futures were up nearly two third of a percent.
All the BSE sectoral indices finished in green. Capital Goods index was the top gainer, up 3.6%, followed by Realty index, which gained 2.4%. Hindalco surged 6.1%, top gainer among Sensex stocks, followed by JP Associate, which gained 4.7%. Infosys and Grasim lost 0.6% and 0.4% respectively. BSE advance-decline ratio stood at 1.9:1

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