Market
Commentary:
Ø
Asian
stocks fell for a third day, metals dropped and the yen strengthened after data
showed that China’s manufacturing may contract for a sixth month and companies
reported lower-than-estimated profits.
Ø
Backhome,
the NSE Nifty continued to move in a narrow range around the 5280-90 level with
negative bias since the opening trade. Moreover, investors are likely to react
to the Q4FY12 earnings of India Inc this week but, trading cautiously as it is
being the F&O series expiry week.
Ø
Stocks
in Focus:
v Index heavyweight Reliance
Industries (RIL) rose 1.32% on better than expected GRM.
v AP Paper Mills rose almost 15% with
heavy volumes.
Ø
The
rupee marginally down by 3 paise to Rs 52.10 per dollar on increased demand
from importers for the American currency.
Ø
Nifty
Apr Futs to find support 5225-5230 where as 5315-5320 will act as resistance on
the upside
Ø
INDICES:
Sensex -29 at 17345 (-0.17%), NIFTY -13 at 5278 (-0.25%), CNXMIDCAP -15 at 7611
(-0.2%)
Ø
SECTORAL
PERFORMANCE: BANKEX
-0.2%, AUTO -0.3%, CAPITAL GOODS -0.5%, HEALTHCARE 0.04%, Metal 0.09%, OIL
& GAS 0.5%, IT -0.92%, FMCG 0.13%, PSU -0.16%, REALTY -1.24%, Consumer
Durables -0.16%, POWER -0.95%
Ø
MARKET
BREADTH: 220
Advances, 263 Declines (BSE 500)
Ø
TODAY'S
GAINERS: SAIL
3.29%, TATA 1.5%, RIL 1.21%, ACC 0.86%, MSIL 0.7%
Ø
TODAY'S
LOSERS: RCOM
-2.96%, IDFC -2.56%, INFO -2.26%, DLFU -2.05%, RPWR -2%
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