Wednesday, May 21, 2008
Markets Today
Markets recover from days low in line with Asian markets
Sensex ends up 13 pts at 17243; recovers nearly 200 pts from days low
Nifty ends up 12.7 pts at 5118; recovers nearly 70 pts from days low
Midcap and small cap continue to outperform major indices
CNX Midcap Index up 0.78%; BSE Small-cap Index up 1.5%
BSE Oil & Gas Index up 2.36%; Nymex July crude hits new high of $ 130.28/bbl
Oil & Gas stocks; RIL up 2.5%, RPL up 3.8%, BPCL up 2.25%
BSE Metal Index up 1.24%; Metal stocks; Nalco up 5.2%, Tata Steel up 3%
BSE Bank Index down 1.4%; HDFC Bank down 3.5%, ICICI Bank down 1.7%, PNB down 1.5%
Tea and petro stocks buzz in midcap and small cap space
Tea stocks; Harrison Malayam, Duncans up 20%, Jay Shree Tea up 17%
Petro stocks; Manali Petro up 20%, Andhra Petro up 17%, Supreme Petro up 16%
Other buzzers; Videocon Appliances up 20% for 2nd day runinng
Relisting: KGN Ind shares suspended during the day; ends at Rs 15000 Vs relisting price of Rs 72, volumes traded at 827 shares
NSE Advance Decline at 2:1
Total market turnover at Rs 61843 cr Vs Rs 52860 cr on Tuesday
Total NSE F&O turnover at Rs 39481 cr Vs Rs 33290 cr on Tuesday
F&O Snapshot
Nifty futures prem at 7 pts Vs 8 pts discount yesterday; add 19.3 lakh shares in OI
Some p[rofit booking seen in the last half an hour of trade; Nifty OI addition came down to 19.3 from 29 lakh shares
5000 put add 1.85 lakh shares in OI; 4800 put shed 1.5 lakh shares in OI
5000 call add 1 lakh shares in OI
Momentums stosk witness long additions like Chambal Fert, RPL, Nag fett, Ispat, Praj, RNRL, HOEC, Essar Oil
Short covering seen in Rel Power, IDBI, lanco, India cement, BHEL, DRL
Fresh shorts seen in NTPC, HUL, ICICI Bank
Buzzers in F&O
Praj up 11%; add 10.3 lakh shares in OI
Aptech up 9.3%; add 71 thousand shares in OI
IFCI up 7.8%; add 64 lakh shares in OI
HOEC up 7%; add 14 lakh shares in OI
Chambal fert up 6%; add 29 lakh shares in OI
source: moneycontrol.com
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.