Wednesday, June 25, 2008

Markets Today

Markets Snapshot
Markets end at day's high led by short covering
Sensex ends up 113.5 pts at 14220; recovers nearly 500 pts from day's low
Nifty ends up 61.5 pts at 4,252.6; recovers nearly 160 pts from day's low
Nifty slips below 4,100 during the opening trade
CNX Midcap Index ends up 0.8%, BSE Small-cap Index up 0.7%
BSE Metal, Oil & Gas Indices up nearly 3%, BSE Realty Index up 2.15%
Deal of the day: Idea to acquire 40.8% stake in Spice Comm at Rs 77.3/sh
Telecom Buzzers; Spice Comm up 33%, R Comm up 7.3%, Bharti up 3.9%, Tata Comm up 4.1%
Realty Buzzers; Unitech up 7.9%, DLF up 4.3%
Index Gainers; Tata Steel up 4.4%, Reliance Infra up 4.1%, RIL up 3.5%, TCS up 3.8%
Stocks under pressure; Indiabulls Real down 7.4%, Panacea Biotec down 7.5%, OCL India down 8%
NSE Advance Decline at 7:5
Total F&O turnover at Rs 81,000 cr; highest since Jan 21, 2008
Total market turnover at Rs 98568 cr Vs Rs 87406 cr cr on Tuesday
F&O turnover at Rs 81000 cr Vs Rs 70250 cr on Tuesday
Buzzers-LG Bros up 20%; Renold to acquire Industrial Chain Biz Of~LG Balakrishnan For 5.7 m Pounds-Niraj Cem up 20%; Recent listing-GHCL up 10%; Dow Chem to increase prices by another 25% in July-Spice up 17.2%; market believes that Spice group will pump more money in Spice Mobile -Sasken Comm, HOEC, BOI, Punj Lloyd, Shree Renuka, Rel Cap
F&O Snapshot
Nifty rollover at 53%, Market wide at 53%
Short covering seen in the Nifty futures
Nifty June at 8 pts discount Vs 19 pts disc in the morning
July futures at 42 pts disc Vs 50.7 pts disc in the morning
Cement and construction continued to witness strong rollovers
Options: Nifty 4200 July call adds 12.9 lakh shares Nifty 4300 July call adds 10.3 lakh shares Nifty 4000 July put adds 6.8 lakh shares
Star Trade: Sasken up 14%; adds 2.4 lakh shares in July
Fresh Longs: Hind Oil up 9%; adds 12 lakh shares in July Century Text up 9.3%; adds 5.5 lakh shares in July Bombay Deying up 8.4%; adds 2.1 lakh shares in July Essar Oil up 4.3%; adds 8.6 lakh shares in July Reliance Ind up 3.5%; adds 16.7 lakhs shares in July Tata Steel up 3.8%; adds 21.9 lakh shares in JulyRPL up 4.5%; adds 1.1 cr shares in July SAIL up 3.2%; adds 55 lakh shares in July
Short Covering: Bank of India up 8.5%; sheds 1.7 lakh shares in July
Fresh Short : Oriental Bank dn 6%; adds 3.3 lakh shares in JulyYes Bank dn 4.5%; adds 6.6 lakh shares in July



The information in this publication is provided by is intended for use for Readers & Traders . Every effort is made to provide accurate information, but 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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