makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 05.07.2010 MONDAY

Monday, July 5, 2010

MARKET ENDED 05.07.2010 MONDAY

were today's sensex gainers

MARKET ENDED 05.07.2010 MONDAY

SENSEX 17441.44 -19.51

NIFTY 5235.90 -01.20

NASDAQ 2091.79 -09.57

DJIA 9686.48 -46.05

RS/$ 46.77 -00.09

Equities ended choppy session on a flat note on Monday taking cues from subdued global markets. Lack of retail participation due to the “Bharat Bandh” to protest hike in fuel prices also hurt sentiments. It was a lacklustre session on Dalal Street as volumes shrunk as low as 40 per cent compared to average session.
Bombay Stock Exchange’s Sensex ended at 17441.44, down 19.51 points or 0.11 per cent. The index touched a high of 17505.73 and low of 17423.74 in today’s trade.
National Stock Exchange’s Nifty closed at 5235.90, down 1.2 points or 0.02 per cent. The broader index hit intraday high of 5252.75 and low of 5225.85.
The level of 5210-5200 is crucial on a closing basis, as closing above these levels may lead to a pull back. A decisive close above 5313 would indicate a broader range-bound corrective movement with a positive bias.
BSE Midcap Index was up 0.29 per cent and BSE Smallcap Index moved 0.32 per cent higher.
Amongst the sectoral indices BSE Healthcare Index gained 0.53 per cent and BSE IT Index moved 0.39 per cent higher. BSE Oil&gas Index declined 0.79 per cent lower and BSE Metal Index slipped 0.40 per cent.
M&M (1.33%), Wipro (0.89%), Bharti Airtel (0.81%), HDFC (0.81%), and Infosys Technologies (0.51%) were the top Sensex gainers.
Reliance Communications (-2.88%), Hindalco Industries (-1.73%), ONGC (-1.45%), BHEL (-1.27%), and Hindustan Unilever (-1.13%) were the major losers.
In stock specific action, Reliance Natural Resources slumped after the company announced merger with Reliance Power. RNRL ended 27.44 per cent lower while Reliance Power closed 3.74 per cent higher on the NSE.
Shares of banks ended in the positive terrain after the Reserve Bank of India announced a rate hike nearly a month earlier than expected citing inflation worries. The market has already factored in rate hike ever since the government announced hike in fuel prices last month.
Market breadth was positive on the BSE with 1614 gainers against 1238 losers.