Market Commentary:
Ø Asian stocks fell for a second day and the won slid as earnings missed estimates and investors awaited data that may show the first drop in German business confidence in six months. Commodities rose on speculation China may ease monetary policy to support economic growth.
Ø Backhome, Indian equity markets have eased a bit from intra-day’s low as barometer gauges have cut short their losses after their lackluster opening. The NSE Nifty continued to trade moderately lower amid volatility, weighed down by banks and capital goods stocks.
Ø Interest rate sensitive banking pivotals halted recent gains on profit booking. The market breadth, indicating the overall health of the market, was positive.
Ø Stocks in Focus:
v Shares of cement companies ACC, Ambuja Cement topped the selling list among Nifty 50 post their disappointing numbers in the March quarter.
v Reliance Industries (RIL) shed 1.20% to Rs 731 ahead of its earnings today, 20 April 2012
Ø The rupee fell below 52 versus the dollar to a new three-month low, though traders have not yet seen clear signs of intervention.
Ø INDICES: Sensex +16 at 17520 (0.09%), NIFTY +3 at 5336 (0.06%), CNXMIDCAP -7 at 7691 (-0.09%)
Ø SECTORAL PERFORMANCE: BANKEX -0.03%, AUTO 0.75%, CAPITAL GOODS -0.53%, HEALTHCARE 0.06%, Metal 0.74%, OIL & GAS -0.64%, IT 0.61%, FMCG 0.07%, PSU -0.03%, REALTY -0.12%, Consumer Durables 0.88%, POWER -0.33%
Ø MARKET BREADTH: 247 Advances, 246 Declines (BSE 500)
Ø TODAY'S GAINERS: MM 2.29%, TATA 1.53%, BHARTI 1.44%, STLT 1.23%, RCOM 1.22%
Ø TODAY'S LOSERS: ACC -2.67%, ACEM -2.58%, IDFC -1.39%, RIL -1.17%, JPA -1.06%
No comments:
Post a Comment