Thursday, August 20, 2009

MARKET VIEW 20.08.2009


ADANI POWER FINNALY LISTED TODAY
Markets, though lost nearly 1% from day high, closed higher by 1.4% on the back of global strength. Sensex gained 202 points to close at 15012, while Nifty shut shop at 4453, up 59 points. China surged the most among all the Asian markets, putting on 4.5%. BSE Midcap and Smallcap indices gained 0.8% each. However, turnover at Rs. 80000 cr. was nearly 23% lower than that of yesterday. Inflation for the week ended August 8 came in at -1.53% as against -1.74% for the previous week. European markets were up by more than 1%, while US stock indices futures were marginally in the green.
All the BSE sectoral indices closed in green. Auto index and Bankex gained the most, up 2.6% and 1.8% respectively. Maruti and M & M were the top gainers among Sensex stocks, climbing 4.9% and 4.5% respectively, while Bharti was the sole loser, shedding 1.2%. BSE advance-decline ratio stood at 1.3:1.

No comments: