makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 18.06.2010 FRIDAY

Friday, June 18, 2010

MARKET ENDED 18.06.2010 FRIDAY

WERE TODAYS GAINERS

MARKET ENDED 18.06.2010 FRIDAY

SENSEX 17572.82 -45.87

NIFTY 5262.60 -12.25

NASDAQ 2307.16 +01.23

DJIA 10434.17 +24.71

RS/$ 46.50 +00.15

Equities ended a seven-day winning streak Friday, on decline in Reliance Industries and ADAG group shares. Subdued global markets did little for support. Profit booking was seen in metals and oil & gas while capital goods and FMCG stocks showed strength.
Shares of Reliance Industries and Anil Ambani-owned ADAG Group were under pressure after statement from Reliance Industries chairman Mukesh Ambani at Annual General Meeting failed to lift investor sentiments. These stocks had run-up on huge expectations of Ambani brothers coming together after their recent truce.
In the AGM, Mukesh Ambani said his company was ready to provide gas to power plants controlled by his brother Anil Ambani and was looking forward to a "harmonious and constructive" relationship with ADAG.
A lot of hype was created ahead of the Reliance Industries AGM. It was business as usual at the meet. All the media-hype ended in a few minutes and ADAG stocks reacted negatively.

Bombay Stock Exchange’s Sensex closed at 17570.82 down 45.87 points or 0.26 per cent. The index touched a high of 17721.99 and low of 17525.29.
National Stock Exchange’s Nifty ended at 5262.60, down 12.25 points or 0.23 per cent. The broader index hit a high of 5302.30 and low of 5245.50.
Our market moved higher ahead of the RIL AGM. Now that the event is over, we will once again start tracking global cues. The impact of monsoon will only be known in next 4-5 weeks.
The BSE Midcap Index was down 0.51 per cent and BSE Smallcap Index edged 0.50 per cent lower.
Amongst the sectoral indices, BSE Capital Goods Index was up 0.62 per cent and BSE FMCG Index moved 0.55 per cent higher. BSE Metal Index slipped 1.18 per cent and BSE Oil&gas Index was down 1.10 per cent.
Sensex gainers included Hero Honda (1.81%), HUL (1.72%), BHEL (1.39%), L&T (1.29%) and SBI (1.17%).
Larsen & Toubro’s Buildings & Factories Operating Company – part of its Construction Division – has secured orders aggregating to Rs 1440 crore for the construction of residential towers, township and factory buildings.
Losers included Reliance Communications (-3.58%), Reliance Infrastructure (-3.01%), Sterlite Industries (-2.34%), Maruti Suzuki (-2.01%) and Mahindra & Mahindra (-1.96%).

Market breadth was negative on the NSE with 1956 declines and 1153 advances.