MARKET ENDED 22.04.2010 THURSDAY

WERE TOP GAINERS

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MARKET ENDED 22.04.2010 THURSDAY

SENSEX 17573.99 +101.43

NIFTY 5269.35 +24.45

NASDAQ 2504.61 +04.30

DJIA 11124.92 +07.86

RS/$ 44.41 +00.11

Equity benchmarks ended a volatile session in the positive terrain on Thursday, but after paring most of intra-day gains. Oil&gas and auto stocks were amongst the top performing sectors while realty and metals resisted the upmove.

Indices turned rangebound after a positive opening. Later, buying by institutions in frontline stocks like State Bank of India and Reliance Industries spurred the benchmarks. However, the broader markets which have been outperforming the benchmarks failed to sustain the upmove.

The indices failed to sustain higher levels and gave away gains in last half-hour of trade following weakness in the European market. Tier II and III stocks also ended on a subdued note.

Bombay Stock Exchange’s Sensex closed at 17,573.99, up 101.43 points or 0.58 per cent. The index touched a high of 17778.34 and low of 17408.02.

National Stock Exchange’s Nifty was at 5269.35, up 24.45 points or 0.47 per cent. The broader index hit a high of 5331.80 and low of 5221.10.

Market is looking weak and the Nifty can slide to 5050 levels on the downside. We have advised short positions from 5350 levels with stoploss of 5400. Amongst the sectors, metals and banks look weak while FMCG and hotels look good. One can also buy real estate stocks on decline

BSE Midcap Index ended down 0.07 per cent and BSE Smallcap Index moved 0.07 per cent lower.

Amongst the sectoral indices, BSE Oil&gas Index advanced 1.25 per cent and BSE Auto Index moved 0.9 per cent higher. BSE Realty Index was down 1.34 per cent and BSE Metal Index slipped 0.61 per cent.

Biggest Sensex gainers were State Bank of India (5.58%), Tata Motors (3.34%), Hindustan Unilever (2.09%), Reliance Industries (2.03%) and Jaiprakash Associates (1.73%).

Losers were Tata Steel (-1.83%), Sun Pharmaceuticals (-2.13%), DLF (-1.45%), ACC (-1.3%) and Reliance Infrastructure (-1.03%).

Market breadth on BSE ended on a positive note with 1493 advances against 1404 declines.

European markets were witnessing profit booking as Greece woes continued to hurt sentiments. US markets were also expected to open lower. At 4:30 pm IST, Dow Jones futures were down 0.44 per cent, S&P 500 slipped 0.67 per cent and Nasdaq 100 declined 0.65 per cent. Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

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