Thursday, September 3, 2009

MARKET VIEW 03.09.2009


A.P CM DIES IN COPTER CRASH
Weakness in heavyweights made the market close in the red for the fourth consecutive day. Sensex lost 69 points to close at 15398, while Nifty ended at 4593, down 15 points. BSE Mid-cap and Small-cap indices however, managed to close in green, putting on 0.2% and 0.7% respectively. Inflation for the week ended August 22nd came in at –0.21% as against –0.95% for the previous week. European markets were trading flat, while US stock indices futures were up by nearly one third of a percent.
BSE Oil & Gas index was the top loser among sectoral indices, shedding 1.1%, followed by Healthcare index, which lost 0.7%. Consumer Durable and Metal indices gained the most, up 0.8% and 0.6% respectively. Reliance Communication surged 5.3%, becoming the top gainer among Sensex stocks, followed by Sterlite, which gained 1.6%. Reliance and M & M were the top losers among the Sensex stocks, down 2% each. BSE advance-decline ratio stood at 1:1.

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