Market Commentary
* Asia stocks except HSI declined for the first time in three days and the Australian dollar weakened on growing concern about Europe’s debt crisis before France sells as much as 8 billion euros ($10.4 billion) of debt today. The MSCI Asia Pacific Index fell 0.4 percent.
* The market was trading with moderate gains amid volatility, supported by oil & gas, banks, auto, metal and capital goods stocks. Weekly Primary articles WPI number cheered up the market mood and it toughed new intra day high. Sensex & nifty were inching towards 16,000 & 4,800 respectively.
* Capital goods stocks extended recent gains triggered by bargain hunting after a steep sell-off last month. Auto stocks rose ahead of the beginning of the Auto Expo. The market breadth, indicating the overall health of the market, was strong.
* The rupee erased early losses and was stronger,helped by a firmer stock market, although traders said dollar demand from oil importers could limit gains. The rupee was at 52.8150 to the dollar, up 0.3% from Wednesday's close of 52.95, after moving in a 52.74 to 53.05 band.
*For Nifty, Intra-day support remains at 4750 while reistance is seen at 4805, breaking which it can move upto 4850.
* INDICES: Sensex +80 at 15963 (0.5%), NIFTY +26 at 4775 (0.54%), CNXMIDCAP +33 at 6295 (0.53%)
* SECTORAL PERFORMANCE: BANKEX 0.94%, AUTO 1.31%, CAPITAL GOODS 1.53%, HEALTHCARE 0.51%, Metal 0.43%, OIL & GAS 0.15%, IT 0.16%, FMCG -0.34%, PSU -0.01%, REALTY -0.9%, Consumer Durables 0.75%, POWER 0.83%
* MARKET BREADTH: 356 Advances, 132 Declines (BSE 500)
* TODAY'S GAINERS: CAIR 4.06%, IDFC 2.71%, HMCL 2.2%, BJAUT 2.11%, LT 2.07%
* TODAY'S LOSERS: DLFU -3.02%, GAIL -2.37%, KMB -1.01%, SIEM -0.95%, HUVR -0.94%
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