MARKET ENDED 30.06.2011 THURSDAY

WERE TODAY'S GAINERS

MARKET ENDED 30.06.2010 THURSDAY

SENSEX 18845.87 +152.01

NIFTY 5647.40 +46.95

NASDAQ 2772.91 +32.42

UPDATEDTIME 09.28 PM 30 JUNE 2011

Indian markets ended June F&O series on a positive note on the back of inflows from institutional investors who bought equities worth Rs 4300 crore in just last four sessions. Benchmarks are just above crucial resistance levels and may consolidate before making a move.

According to experts the market will be taking cues from macro economic factors like inflation, interest rates and June quarter results. Global crude oil prices and euro-zone worries are also likely to direct the market.

Meanwhile, there was some relief in term of food inflation back home. India's food inflation slipped a 7.78 per cent for the week ended June 18 against 9.13 per cent a week ago.

The longer-term trend is still not clear in the market, but my sense is that the worst is over from short to medium term. Then the question is that will we remain stagnant at these levels or will we be slowly-slowly going up? My sense is that we will stagnate and consolidate around these levels and then slowly based on the corporate numbers and overall interest, inflation and oil price scenario, we will decide the course of the market direction.

National Stock Exchange's Nifty ended at 5647.40, up 46.95 points or 0.84 per cent. The broader index touched a high of 5657.90 and low of 5606.10 in trade today.

Bombay Stock Exchange's Sensex closed at 18845.87, up 152.01 points or 0.81 per cent. The 30-share index hit a high of 18873.39 and low of 18723.72 intraday.

Nifty future for the July series is currently trading at around 5 points premium at 5652 levels. Now it holds psychological support at 5600 levels, a close below this level may drag the market towards 5500 witnessing some liquidation of longs whereas on the upside. If Nifty sustains above 5620 levels with volume support it may see further momentum towards 5720-5750 levels.

BSE Midcap Index was up 0.32 per cent and BSE Smallcap Index moved 0.57 per cent higher.

Amongst sectoral indices, BSE FMCG Index was up 1.83 per cent, BSE Realty Index gained 1.19 per cent and BSE IT Index moved 0.69 per cent higher. BSE Healthcare Index was down 0.03 per cent.

Jaiprakash Associates (3.79%), Hindustan Unilever (3.18%), Jindal Steel (3.13%), Tata Power (1.68%) and Hero Honda (1.63%) were amongst the top Sensex gainers.

ONGC (-1.62%), Maruti (-1.54%), Bharti Airtel (-1.52%), Wipro (-0.61%) and Hindalco (-0.58%) were the major losers.

Market breadth was positive on the BSE with 1507 gainers against 1337 losers.

Regards

RAKESH MAKIN

+91 9915684997, 9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

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MARKET ENDED 29.06.2011 WEDNESDAY

MARKET ENDED 29.06.2010 WEDNESDAY

SENSEX 18693.86 +201.41

NIFTY 5600.45 +55.15

NASDAQ 2740.75 +11.44

UPDATEDTIME 09.28 PM 29 JUNE 2011

Indian market ended on a positive note for fifth consecutive session aided by positive global cues and ahead of June series F&O expiry. The benchmarks closed near crucial resistance levels and above 200DMA a bullish sign. All the sectoral indices closed higher with FMCG, metals and banks as the sectoral performers.

According to experts, the benchmarks are likely to face strong supply near current levels and any upmove should be utilised to book profits.

"It seems the excessive the negative sentiment in the market is over. We are in a stiff resistance zone and would be tempted to book profits between 5600-5700. If the Nifty closes above 5700 then it would mean the current down trend is over. Till then continue to book profits on rise.

Meanwhile, the macro-economic factors like inflation and high interest rates are likely to keep the bulls under check. The progress of monsoon and June quarter results will also be keenly watched.

National Stock Exchange's Nifty ended at 5600.45, up 55.15 points or 0.99 per cent. The broader index touched a high of 5608.65 and low of 5566.50 in trade today.

Bombay Stock Exchange's Sensex closed at 18693.86, up 201.41 points or 1.09 per cent. The 30-share index hit a high of 18715.39 and low of 18552.19 intraday.

BSE Midcap Index was up 0.78 per cent and BSE Smallcap Index moved 0.95 per cent higher.

Amongst sectoral indices, BSE FMCG Index was up 2.58 per cent, BSE Metal Index gained 1.52 per cent and BSE Bankex moved 0.96 per cent higher.

Sterlite Industries (3.45%), ITC (2.79%), Hindustan Unilever (2.72%), HDFC Bank (2.65%) and Tata Steel (2.38%) were amongst the top Sensex gainers.

ONGC (-2.13%), Bajaj Auto (-1.32%), Jaiprakash Associates (-1.20%), DLF (-0.31%) and M&M (-0.27%) were amongst the losers.

Shares in sugar companies rallied after government approved shipment of additional 5 lakh tonne of sugar in April. Balrampur Chini moved up 4.51 per cent, Dhampur Sugar Mills advanced 4.42 per cent, Bajaj Hindustan rallied 4.57 per cent and Shree Renuka Sugar surged 8.42 per cent.

The Supreme Court has given temporary relief to the Tatas in Singur land case. The apex court has directed the West Bengal government to not to return land to farmers in Singur. The Calcutta High Court will proceed with the main matter pending before it. The scrip closed 1.15 per cent higher.

Market breadth was positive on the BSE with gainers against 1073 losers.

All the eyes are set on the parliamentary vote in Greece to approve unpopular austerity measures. The European markets moved higher with FTSE 100 up 0.81 per cent, CAC 40 inching 1.71 per cent higher and DAX advancing 1.76 per cent.

Regards

RAKESH MAKIN

+91 9915684997, 9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

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MARKET ENDED 28.06.2011 TUESDAY

WERE TODAY'S NIFTY GAINERS

MARKET ENDED 28.06.2010 TUESDAY

SENSEX 18492.45 +80.04

NIFTY 5545.30 +18.70

NASDAQ 2716.45 +28.17

UPDATEDTIME 09.28 PM 28 JUNE 2011

Indian markets ended a choppy session on a positive note for fourth consecutive session led by gains in healthcare, capital goods and auto stocks. According to analysts, the market is likely to remain choppy, after a short covering rally, till June series F&O expiry.

Indices had opened in the green in line with Asian peers but failed to hold on to gains and turned choppy. A positive opening of European markets, ahead of Greece's vote on austerity plan, helped the indices to gain momentum and close higher.

With the euphoria of fuel price hike over, investors focus is back on macro economic issues like inflation and interest rates. Finance Minister Pranab Mukherjee on his visit to the US said that inflation is one of the major problems for the Indian economy. He expects the inflation to be more than 6.5 per cent this year.

Experts are of the view that Indian market is likely to underperform for next couple of months due to inflation and higher interest rates.

"In the near term, the Indian market is likely to underperform and by near term, I really mean about maybe 3-4 months, possibly till the October-December quarter.

We were clearly anticipating peaking out of inflation by sometime in March-April, which did not happen. Inflation turned out to be a lot more stickier than we had anticipated and as a consequence, even the end to the RBI's tightening cycle, which we were expecting some time in the first quarter of this year, it now seems to be prolonged to sometime in the July-September quarter, maybe till around September.

So to that extent, we actually expect the RBI to tighten about twice more, maybe 25 basis points each. And to have the desired effect on inflationary expectations, it should perhaps be done in rapid fire succession in July and then again in September, which could obviously lead to some degree of underperformance. On top of that, we must not also forget that earnings estimates have been declining.

All eyes will be set on the June quarter results and progress of monsoon in India for direction.

National Stock Exchange's Nifty closed at 5545.30, up 18.70 points or 0.34 per cent. The broader index touched a high of 5558.30 and low of 5496.35 in trade today.

Bombay Stock Exchange's Sensex ended at 18492.45, up 80.04 points or 0.43 per cent. The 30-share index hit a high of 18527.45 and low of 18323.44 intraday.

Nifty future has been struggling to cross crucial zone of 5550-5600 levels. If it manages to cross 5600 then the rally may continue upto 5700-5750 levels. On the other hand, 5500 is likely to act as a strong support below which selling may intensify towards 5420 levels.

BSE Midcap Index was up 0.78 per cent and BSE Smallcap Index moved 0.60 per cent higher.

Amongst sectoral indices, BSE Healthcare Index was up 0.95 per cent, BSE Capital Goods Index gained 0.94 per cent and BSE Auto Index moved up 0.82 per cent. BSE Oil&gas Index moved 0.44 per cent lower, BSE Realty Index was down 0.33 per cent and BSE IT Index slipped 0.07 per cent.

Hindalco Industries (3.96%), Bajaj Auto (3.01%), Dr Reddy's Laboratories (2.42%), HDFC (2.13%) and BHEL (1.92%) were amongst the major Nifty gainers.

GAIL (-2.60%), DLF (-2.28%), ACC (-2.17%), BPCL (-2.10%) and Jaiprakash Associates (-1.46%) were the top losers.

Market breadth was positive on the NSE with 1493 gainers against 1399 losers.

Regards

RAKESH MAKIN

+91 9915684997, 9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Facebook: facebook.com/MAKIN97

Blog : http://makin97researchservices.blogspot.com/

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