MARKET ENDED01.02.2010 monday

BSE GAINERS

NIFTY GAINERS
Vinyl Chem 8.60+ 20.28
RM World 82.65+ 20.04

LT Foods 66.80+ 20.04
Hitachi Home 176.20 + 20.03
KRBL 233.05 + 20.01

SENSEX 16356.03 -1.93
NIFTY 4899.70 +17.65
NASDAQ 2147.35 -31.65
DJIA 10067.33 -53.13
RS/$ 46.37 -0.06
Indian market ended volatility-marred session mixed Monday. Retail participation was seen in broader markets even as the global markets were subdued. Indices opened in the red in line with other global peers but gained momentum as traders bought stocks at lower levels as the session progressed. Some recovery in the global markets towards the close provided support to indices. According to analysts, Nifty is likely to consolidate near current levels after a sharp correction. Market is expected to take cues from global peers in absence of domestic triggers.

National Stock Exchange’s Nifty ended at 4899.70, up 17.65 points or 0.36 per cent. The broader index hit a high of 4918.80 and low of 4827.15 during the session.

Bombay Stock Exchange’s Sensex closed at 16,356.03 down 1.93 points or 0.01 per cent.

The 30-share index hit a low of 16,160.80 and high of 16,422.40 intraday.

On the lower side, 50-week EMA currently at 4570 may remain important support for markets. On the higher side, two important hurdles to watch out for are 4960 (20-week EMA) and 5080 (Short-term EMA on daily charts) levels of Nifty on daily charts. Foreign funds flow will continue to play important role in directing course of our markets. Lack of domestic triggers may see markets facing extreme caution in case of an up move and in such cases global markets will remain a key dictator

BSE Midcap Index was up 1.81 per cent and BSE Small cap Index moved 2.72 per cent higher. Amongst the sectoral indices, BSE Consumer Durables Index surged 5.7 per cent, BSE Healthcare Index was up 2.55 per cent, BSE IT Index lost 0.02 per cent and BSE FMCG Index was down 0.66 per cent. Biggest Sensex gainers comprised Tata Motors (3.56%), Wipro (3.13%), Grasim (3.10%), Mahindra&Mahindra (2.70%) and Sun Pharma (2.59%). Hindustan Unilever (-2.87%), State Bank of India (-1.79%), HDFC Bank (-1.57%), ITC (-1.54%) and NTPC (-1.4%) were the losers. Market breadth on NSE remained positive given the action in the broader market with 1,076 advances outnumbering 276 declines. European markets moved in the positive terrain as banks pared losses. The US markets are also expected to open in the green. At 4:33 pm IST, Dow Jones futures was up 0.47 per cent, S&P 500 futures gained 0.47 per cent and Nasdaq 100 moved 0.34 per cent up.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
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