Market Commentary:
* Asian stocks rose, heading for a fifth weekly advance, and South Korea’s won strengthened after U.S. jobless claims fell to the lowest level in almost four years and Spanish and French borrowing costs declined.
* The Indian equity markets have once again made a gap-up start on the last trading day of the week with benchmark indices surging past their another crucial level in opening trade. Nifty has crossed 5,050 mark while, Sensex was comfortably over 16,700 mark.
* Shares of country's second largest lender ICICI Bank remained on buyers' radar and retained its leading positive since yesterday; the stock gained 5% following better numbers from US financial companies.
* The broader were trading in tandem with benchmarks. The market breadth was in favor of advances.
* The rupee erased early gains hurt by dollar buying from oil refiners and importers, but losses in the greenback versus other majors kept a lid on further weakness. The rupee was at 50.28/50.29 to the dollar, after strengthening to 50.16.
* For Intra-day perspective, Nifty support is seen at 4980 while upside can be restricted to 5080 level.
* INDICES: Sensex +121 at 16764 (0.73%), NIFTY +30 at 5048 (0.59%), CNXMIDCAP +81 at 6827 (1.2%)
* SECTORAL PERFORMANCE: BANKEX 2.55%, AUTO 0.43%, CAPITAL GOODS 0.88%, HEALTHCARE -0.32%, Metal 0.57%, OIL & GAS -0.05%, IT 0.52%, FMCG 0.03%, PSU 0.54%, REALTY 1.52%, Consumer Durables 2.3%, POWER 1.24%
* MARKET BREADTH: 354 Advances, 140 Declines (BSE 500)
* TODAY'S GAINERS: ICICIBC 4.93%, BJAUT 3.62%, AXSB 3.19%, WPRO 3.03%, IDFC 2.88%
* TODAY'S LOSERS: DRRD -3.19%, Coal -3.06%, MSIL -2.12%, RPWR -2.03%, ACEM -1.43%
No comments:
Post a Comment