makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 24.06.2010 THURSDAY

Thursday, June 24, 2010

MARKET ENDED 24.06.2010 THURSDAY

WERE TODAYS SENSEX GAINERS

MARKET ENDED 24.06.2010 THURSDAY

SENSEX 17730.24 -25.70

NIFTY 5320.60 -02.55

NASDAQ 2254.23 -07.57

DJIA 10298.44 +04.92

RS/$ 46.04 -0.40

Indian markets ended a volatile session on a flat-to-negative note Thursday, the last day June F&O series. Realty, banks and oil&gas were in the red while FMCG and capital goods moved higher.
Benchmarks opened in the green and turned lacklustre due to squaring off of positions and lack of cues from Asian peers. A sharp correction in Europe saw the indices slip lower in the afternoon. However, the key indices pared most of the losses towards close.
National Stock Exchange’s Nifty closed at 5320.60, down 2.55 points or 0.05 per cent. The index hit intraday high of 5348.30 and low of 5284.90.
Bombay Stock Exchange’s Sensex ended at 17730.24, down 25.70 points or 0.14 per cent. The index touched a high of 17845.65 and low of 17632.80 in today’s trade.
We are not expecting a huge correction at these levels but at the same time the upside is limited at 5400. One should be stock specific at current levels and think of going long on Nifty around 5200-5150 levels.
BSE Midcap Index was up 0.12 per cent and BSE Smallcap Index moved 0.17 per cent higher.
Amongst the sectoral indices, BSE Realty Index fell 0.78 per cent and BSE Oil&gas slipped 0.66 per cent. BSE FMCG Index advanced 1.01 per cent and BSE Capital Goods Index moved 0.77 per cent higher.
Reliance Infrastructure (-1.95%), ICICI Bank (-1.90%), Maruti Suzuki (-1.64%), TCS (-1.49%) and Sterlite Industries (-1.31%) were amongst the top Sensex losers.
Hindustan Unilever (1.67%), L&T (1.25%), Hero Honda (0.85%), ITC (0.79%) and HDFC (0.72%) were amongst the top Sensex gainers.
Market breadth was positive on the BSE with 1569 gainers and 1298 losers.
European markets extended losses and US futures also indicated a lower opening. At 5:10 pm, Dow Jones futures was down 0.59 per cent, Nasdaq slipped 0.89 per cent and S&P 500 moved 0.68 per cent lower. Regards,