Market
Commentary:
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Asian
stocks rose for a second day and bond risk in the region fell after Federal
Reserve Chairman Ben S. Bernanke said he’s prepared to do more to stimulate
growth if needed. The won strengthened as South Korea’s economy grew at the
fastest pace in a year.
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After
opening in the green buoyed by supportive global cues, domestic bourses turned
flat as investors remained cautious ahead of April F&O series expiry. Key indices alternately moved between
positive and negative terrain near the flat line in morning trade. Auto stocks
were down on account of profit booking.
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The
rupee today appreciated by 11 paise to 52.43 against the US dollar in, as the
American currency fell against other currencies overseas.
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For
Nifty Apr Futs, we expect volatility to increase with negative biasas the day
progresses. On the downside we expect it to slide up to yesterday's low
5150-60.
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INDICES:
Sensex -3 at 17148 (-0.02%), NIFTY -4 at 5198 (-0.09%), CNXMIDCAP -29 at 7401
(-0.39%)
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SECTORAL
PERFORMANCE: BANKEX
-0.29%, AUTO -0.64%, CAPITAL GOODS -0.33%, HEALTHCARE -0.12%, Metal 0.63%, OIL
& GAS -0.29%, IT 0.51%, FMCG -0.16%, PSU -0.68%, REALTY -0.58%, Consumer
Durables 0.52%, POWER -0.4%
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MARKET
BREADTH: 212
Advances, 268 Declines (BSE 500)
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TODAY'S
GAINERS: JSP 2.71%,
KMB 1.3%, PWGR 1.24%, ACEM 1.2%, GRASIM 1.2%
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TODAY'S
LOSERS: HMCL
-2.98%, GAIL -2.56%, JPA -2.38%, PNB -2.05%, DLFU -1.96%
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