MARKET ENDED 15.04.2010

Were TODAYS BIGEST GAINERS

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MARKET ENDED 15.04.2010 THURSDAY

SENSEX 17639.26 -182.70

NIFTY 5273.60 -49.35

NASDAQ 2465.99 +08.12

DJIA 11019.42 +13.45

RS/$ 44.62 -00.27

Equity indices gave away early gains and ended in the red Thurday, as profit booking intensified in index heavy-weights like Reliance Industries, ICICI Bank and ITC.

Market opened higher taking cues from the positive global markets. However, the indices failed to gain momentum and started drifting lower. Mixed European markets also dampened sentiments.

Bombay Stock Exchange’s Sensex ended at 17639.26, down 182.70 points or 1.03 per cent. The 30-share index touched a high of 17975.57 and low of 17619.02.

National Stock Exchange’s Nifty closed at 5273.60, down 49.35 points or 0.93 per cent. The index touched a high of 5373.15 and low of 5265.30 in trade so far.

We can watch the 5230 level on Nifty. If that is broken then the short-term trend would turn negative and the index may take support at 5150. On the upside, we have a target of 5450-5470.

Heavy weights have been witnessing selling in the last three to four sessions. Banks look weak and another 3-4% downside can be seen these counters. Traders can pick up select midcaps and metal stocksBSE Midcap Index was down 0.21 per cent and BSE Smallcap Index moved 0.62 per cent lower.

Amongst the sectoral indices, BSE Oil&gas Index was down 1.80 per cent and BSE Capital Goods Index slipped 1.67 per cent. BSE Realty Index was up 1.43 per cent and BSE Healthcare Index gained 0.76 per cent.

Kotak Mahindra (-2.99%), Reliance Industries (-2.58%), ICICI Bank (-2.31%), ITC (-2.27%) and HDFC (-2.11%) led the Nifty decline.

Unitech (3.61%), Cairn India (1.72%), Jaiprakash Associates (1.50%), Idea Cellular (1.40%) and Jindal Steel (1.30%) were amongst the top index gainers.

Market breadth was positive on the NSE with 1797 advances and 1206 declines.

Meanwhile, inflation figures inched higher but stayed below 10 per cent psychological level. India’s wholesale price-based inflation rose to 9.9 per cent in March from 9.89 per cent in the previous month. The hike was on account of rising prices of sugar and pulses. Food inflation for the week ended April 3, however, slid to 17.22 per cent from 17.70 per cent in the previous week.

Europe turned mixed after a positive start and the US markets are also likely to open lower. At 4:45 pm IST, Dow Jones futures was down 0.14 per cent, S&P 500 slipped 0.20 per cent and Nasdaq 100 declined 0.23 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

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