MARKET ENDED 09.02.2010 TUESDAY
SENSEX 16152.59 +230.42
NIFTY 4826.85 +69.65
NASDAQ 2147.87 -03.00
DJIA 10038.38 -20.26
RS/$ 46.56 + 0.12
Equity benchmarks ended on a higher note on Thursday as sentiments turned bullish with positive global markets. The upmove was led by gains in auto, oil&gas and realty space.
Market is in an intermediate correction mode and Nifty is likely to pullback rally upto 4950. If it breaches above 4950 then only we may see a reversal of trend. On the lower side if 4740 is broken then the downturn move will intensify
Bombay Stock Exchange’s Sensex ended at 16,152.59, up 230.42 points or 1.45 per cent. The 30-share index touched a high of 16,202.87 and low of 15,928.28.
National Stock Exchange’s Nifty closed at 4826.85, up 69.65 points or 1.46 per cent. The index touched a high of 4843.80 and low of 4757.25 in today’s trade.
BSE Midcap Index was up 0.78 per cent and BSE Smallcap Index moved 0.82 per cent higher.
All the sectoral indices were in the green. BSE Oil&gas Index moved up 2.06 per cent, BSE Auto Index jumped 2.25 per cent and BSE Realty moved 1.98 per cent higher.
Biggest Nifty gainers were Unitech (3.68%), Jaiprakash Associates (3.54%), Reliance Industries (3.42%), Mahindra & Mahindra (3.05%) and Tata Motors (3.03%).
Tata Power (-0.73%), BPCL (-0.48%), Bharti Airtel (-0.4%) and HDFC Bank (-0.02%) ended with losses.
Buying activity was seen in railways related stocks and this upmove is being seen as onset of pre-budget rally, said dealers. Texmaco gained over 12, Titagarh Wagons moved 16% higher. Kalindee Rail Nirman and Kernex Microsystems were up 5% each.
Market breadth on BSE remained positive with 1616 advances against 1196 declines.
Note: Markets will remain closed Friday on account of Mahashivratri festival.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
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