WERE SENSEX GAINERS
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MARKET ENDED 16.04.2010 FRIDAY
SENSEX 17591.18 -48.08
NIFTY 5262.60 -11.00
NASDAQ 2465.99 +08.12
DJIA 11019.42 +13.45
RS/$ 44.62 -00.27
Indian equity benchmarks ended a volatile session in the negative territory for fourth consecutive day Friday, due to lack of support from global peers. Capital inflows that have been driving the market have also tapered in as many days.
Indices opened on a subdued note and drifted lower on low volume. Attempts at intraday pullback following positive opening of European markets also failed. Sentiment in global markets was subdued as fears of economic crisis in
RBI policy and a couple of big results are lined up next week. They will set the tone for the next move. We expect RBI to tighten policy and raise CRR by 50 bps. However, the market has already factored in the rate hike. IT stocks are likely to remain in action taking cues from Infosys results
Bombay Stock Exchange’s Sensex closed at 17,591.18, down 48.08 points or 0.27 per cent. The index touched intraday high of 17663.99 and low of 17529.55.
National Stock Exchange’s Nifty ended at 5262.60, down 11 points or 0.21per cent. The 30-share index hit a high of 5283.05 and low of 5237.55 in today’s trade.
BSE Midcap Index ended down 0.27 per cent and BSE Smallcap Index moved lower by 0.19 per cent.
Amongst the sectoral indices, BSE Power Index declined 0.71 per cent, BSE PSU Index moved 0.62 per cent lower and BSE Oil&Gas Index dropped 0.55 per cent. BSE FMCG Index was up 1.22 per cent and BSE Metal Index moved 0.16 per cent higher.
DLF (-2.44%), Jaiprakash Associates (-2.47%), Mahindra & Mahindra (-1.51%), BHEL (-1.49%) and Hero Honda (-1.62%) led declines on the Sensex.
Sensex gainers comprised ITC (2.47%), Tata Steel (1.33%), Tata Motors (1.15%) and
Market breadth on BSE remained negative with 1,704 declines against 1,179 advances.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
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