Monday, May 12, 2008

Markets Today

Markets witness smart recovery in later part of the day amind huge volatility
Mar Industrial growth at 3% Vs 8.6% in Feb; CNBC-TV18 poll at 5.7%
Sensex ends up 124 pts at 16861; recovers nearly 315 pts from day's low
Nifty ends up 30 pts at 5013; recovers nearly 100 pts from day's low
CNX Midcap Index down 0.66%, BSE Small-cap Index down 1.2%
Cairn India up 10%; best play in oil & gas space on crude rise
Ranbaxy up 5.3%; may get $100 m as milestone payment from Merck
Index losers; BPCL down 4.7%, Unitech down 2.6%, DLF down 1.4%
Fertiliser stocks: Nag Fert up 8.6%, Chambal Fert up 7.5%, NFL up 4.8%
Buzzers: Aishwarya Telecom gains nearly 25% from days low; Assam Co up 10%, BASF up 12.3%
Wall Street Fin up 1%; 33% equity changes hand on BSE via inter-se transfer between promoters
Losers; Guj NRE Coke, IDFC, UCO Bank down 4% each
NSE Advance Decline at 1:3
Total market turnover at Rs 60102 cr Vs Rs 55403 cr on Friday
Total NSE F&O turnover at Rs 41000 cr Vs Rs 34951 on Friday

F&O turnover picks in last hour of trade
Nifty futures end at 15 pts premium; add 16.7 lakh shares in OI'
Nifty futures witness short covering as OI cut seen from day;s high of 28 lakh shares to 16.7 lakh shares
SAIL, Arvins Mills witness recovery from day's low
IDFC, Unitech, DCB, PFC witness addition of short positins
Short covering seen in GMR Infra, Ranbaxy, Satyam
Source: moneycontrol.com

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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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