WERE TODAYS GAINERS
MARKET ENDED 27.05.2010 THURSDAY
SENSEX 16666.40 +278.56
NIFTY 5003.10 +85.70
NASDAQ 2195.88 -15.07
DJIA 9974.45 -69.30
RS/$ 47.57 +00.17
Equities extended the pull-back rally Thursday and ended with smart gains on the day of May F&O series expiry. Auto, capital goods and FMCG stocks moved higher while IT stocks were a little subdued.
Market opened higher and gained momentum backed by positive cues from global peers. The close above resistance levels has come as a breather for the bulls and positive
Nifty is perched at a crucial level of 5000. It now depends which course the index takes. If the index sustains the upmove then a good rally is expected and if it retracts then a sharp fall is likely
National Stock Exchange’s Nifty ended at 5003.10, up 85.70 points or 1.74 per cent. The broader index hit a low of 4897.60 and high of 5016.60 during the session.
Bombay Stock Exchange’s Sensex closed at 16,666.40, up 278.56 points or 1.70 per cent. The index touched a high of 16,694.55 and low of 16,331.10 intraday.
BSE Midcap Index advanced 0.93 per cent and BSE Smallcap Index moved higher by 0.77 per cent.
Amongst the sectoral indices, BSE Bankex gained 2.55 per cent, BSE Auto Index advanced 2.10 per cent and BSE Oil&gas Index moved 2.09 per cent higher.
Reliance Power (6.70%), Tata Motors (5.70%), Sterlite Industries (4.84%), Axis Bank (4.59%), and Unitech (4.22%) were the top Nifty gainers.
Power Grid Corporation (-1.16%), ACC (-1.10%), Idea (-1%), Bharti Airtel (-0.93%) and Hero Honda (-0.86%) were amongst the losers.
Market breadth was positive on the NSE with 1,741 advances and 1,181 declines.
European markets surged higher in line with other peers. US stocks are also headed for a strong gap-up opening, suggest stock futures. At 4:15 pm IST, Dow Jones futures was up 2.13 per cent, S&P 500 futures advanced 2.62 per cent and Nasdaq 100 climbed up 2.60 per cent.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
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