Friday, June 6, 2008

Markets Today

GAP UP OPENING - SLIP IN THE LAST HOUR
Markets opened gap up at 4725.40 and flip-flopped between 4660 and 4710 through the session. However the market slipped in the later part probably due to lack in conviction to carry trade over the week-end.
Nifty closed down - 1.05 % losing 49.15 pts to end at 4627.18
Sensex closed down - 1.25 % to end at about 15572 down 197.54 pts
Broader markets too witnessed selling in late trade
Nifty Junior was down 1.31% (down 101.8 pts) ; while the CNX Midcap 100 lost 0.35% (- 21.75 pts)
BSE Small Cap Index was down about 0.51% ( -39.54 pts)
BSE Oil and Gas down 0.55% (- 55.75 pts)
BSE Healthcare Index down 1.15% (-49.88 pts)
BSE Metals Index lost 1.27% (- 199.80 pts)
BSE FMCG Index down 2.65% (-64.28 pts)
Gainers:SpiceJet gained smartly today, was up 14.49 % Cairn up (8.61%) had respectable gains by end of trade on the back of rise in crude oil price.Voltas gained 7.47%, HCC up 6.52%, Impex Ferro up 4.94%, Indiabulls Realty up 4.60%, Suzlon up 4.32%
Losers:ONGC ended its gaining streak to end with a 1.90% loss.GHCL (-11.3%), Neyveli Lignite (-7.65%), Piramal life Sciences (-7.63%), HPCL (-5.92%) all lost significantly The resilient Wipro (-4.44%), ITC (-4.07%), Mercator Lines (-4.20%) too lost.
NSE Advance Decline ratio at closing was 1 : 1.66
Total cash turnover at Rs 17589 cr today
Total F&O turnover at Rs 33425 cr Vs Rs 42656 cr on Thursday
Total market turnover was at Rs 51015 cr Vs Rs 65134 cr on Thursday
Global ShotAsian Indices ended mostly in the green, barring Shanghai and Kospi which were marginally in the red.
Nikkei (1.03%), Thailand (0.95%), Hang Seng (0.61%), Taiwan (0.08%) ended on a positive note; Kospi (-0.08%), Shanghai (-0.66%), ended in the red.
F&O Snapshot
Short Covering of Yesterday dint last long, Nifty sees fresh short build up in latter halfNifty fut slips into discount of 20 points in intra day’s trade Real Estate & Bank Stock sees short build up continuing in today’s trade as wellNSE F&O Turnover at 42888 cr lower than weekly averageNifty fut turnover at 13900 cr lower than weekly average
Options:Nifty 4800 put sheds 10.8 lakh shares
Nifty 4700 call adds 15.3 lakh shares
Nifty 4500 put adds 8.2 lakh shares
Star Trade: Cairn up 7.5%; adds 17.7 lakh shares
Fresh Short:Nifty dn 1.4%; adds 26.5 lakh sharesITC dn 3.2%; adds 13.5 lakh sharesDLF dn 4.4%; 10.7 lakh sharesNeyvli dn 8%; adds 5.5 lakh sharesIDFC dn 4%; adds 3.8 lakh shares
Long Unwinding:IFCI dn 3.1%; sheds 16.9 lakh sharesIspat dn 3.7%; sheds 13.7 lakh sharesJP Associates dn 3%; sheds 6.8 lakh sharesChambal dn 3.7%; sheds 6.6 lakh shares
Short Covering: Voltas up 6%; sheds 4.4 lakh sharesHCC up 5.6%; sheds 3.3 lakh shares

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.



free counter