Friday, May 9, 2008

Markets Today

Markets Snapshot
Markets slip on back of high inflation & crude prices.
Markets started slipping in the noon session; Closed at the lowest point of the day
Negative cues from Asia & Europe
Sensex ends down 343 pts at 16737; NIfty down 99 pts at 4982
CNX Midcap Index down 2.5%, Nifty Junior down 3.4%, BSE Small-cap Index down 2.1%
BSE FMCG only index which closed in the green
BSE Oil&Gas down 4.7%, witness major selling; Essar Oil Down 9.6%, Reliance Ind down 5%; Chennai Petro Down 7.3%
BSE Realty down 2.95%; Unitech down 4.5% & HDIL down 7.7%Banks sees selling across the board
Bank Nifty down 2.9%; Pnb down 4.8%, Yes Bank down 3.8%, Icici Bank down 2.8%
Kotak Bank down 5.7% ((sold off post results))
Index losers; DR Reddys , ACC , REL all down over 4% , Hindalco , HDFC Bank , TCS , Suzlon down over 3%
Index gainers; ITC up 1.6%, Bharti up 1.5% & Wipro up 0.86%
Non Index Losers: Rel Cap down 7.1%, RNRL down 5.7%, Jaiprakash Asso down 6.4%, Bombay Dyeing down 7.9%, Nagarjuna fert down 7.1%
NSE Advanve Decline at 1:5
Total market turnover at Rs 55403 cr VsRs 47583 cr on Thursday
Total NSE F&O turnover at Rs 34951 Vs Rs 28944 cr on Thursday

Markets This Week
Sensex down 5%, Nifty down 4.8%
CNX Midcap Index down 4.6%, BSE Small Cap down 3.8%
Nifty Losers - REL down 12%, BHEL down 10%, L&T, SAIL down 9% each
BSE Realty Index down 9.6%, DLF down 13%, Unitech, GMR Infra down 10%
BSE Bank Index down 7%; SBI down 8%, ICICI Bk down 7%, HDFC Bank down 6%
BSE Oil & Gas Index down 5.6%; HPCL down 8%, BPCL down 7.6%

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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