makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 29.06.2010 TUESDAY

Tuesday, June 29, 2010

MARKET ENDED 29.06.2010 TUESDAY

WERE SENSEX GAINERS

MARKET ENDED 29.06.2010 TUESDAY

SENSEX 17534.09 -240.17

NIFTY 5256.15 -77.35

NASDAQ 2220.65 -02.83

DJIA 10138.52 -05.29

RS/$ 46.16 +0.38

Indian markets ended deep in the red Tuesday mirroring losses in global peers. The worst hits were stocks from metals, realty and banks whereas FMCG and capital goods ended with minimal losses.
Benchmarks opened lower tracking a decline in Chinese markets. Later, the negative opening of Europe pulled the indices further down. Broader markets also gave in to selling pressure and ended lower. According to analysts, the market had run-up in the past few sessions and some correction was expected.
Bombay Stock Exchange’s Sensex closed at 17534.09, down 240.17 points or 1.35 per cent. The index touched intraday low of 17465.73 and high of 17777.95.
National Stock Exchange’s Nifty ended at 5256.15, down 77.35 points or 1.45 per cent. The index touched a high of 5334.15 and low of 5235.80 in today’s trade.
Market has been rangebound for the past 6-7 sessions between 5368-5224. We don’t see too much selling below 5224 in the near term. In case, the index closes below this level then the next supports to watch-out would be 5150-5080. On the upside Nifty is likely to face resistance around 5410 levels.
BSE Midcap Index was down 0.65 per cent and BSE Smallcap Index moved 0.62 per cent lower.
Amongst the sectoral indices BSE Metal Index was down 2.74 per cent, BSE Realty Index declined 1.55 per cent and BSE Bankex moved 1.47 per cent lower.
Losers included Hindalco (-4.35%), Reliance Communications (-3.82%), Tata Steel (-3.70%), Reliance Infrastructure (-2.87%) and Jindal Steel (-2.61%).
L&T (0.22%), Bharti Airtel (0.15%) and ONGC (0.13%) were the only index gainers.
Market breadth was negative on the BSE with 1129 declines against 1728 advances.
European markets were reeling under pressure and US stock futures indicated a gap-down opening. At 5 pm IST, Dow Jones futures was down 1.05 per cent, Nasdaq slipped 1.27 per cent lower and S&P 500 declined 1.15 per cent.