Market
Commentary:
Ø
Asian
stocks rose, led by Taiwan and mainland China, while regional bond risk fell
after data showed improved manufacturing in the U.S. and China, the two biggest
economies. The yen slid against all of its 16 major peers.
Ø
Back
home, after a small gap-up opening the Indian market was able to hold on to
early morning gains. Key indices extended gains after a monthly survey showed
pace of growth in manufacturing sector inched up in April 2012. Nifty was holding 5250 mark, slowly and
steadily inching towards 5300.
Ø
Stocks
in Focus:
v Hindustan Unilever: FMCG giant
scaled record high after strong Q4 results.
v KPIT Cummins Infosystems jumped 20%
after consolidated net profit rose 6.4% to Rs 43.71 crore on 26.7% growth in
net sales.
Ø
The
rupee today strengthened by six paise to 52.67 against US dollar largely on the
back of a higher opening at the stock market amid selling of the American
currency by exporters.
Ø
For
Nifty May Futs, we expect intra-day high (5301.70) made so far to reamin
intact. On the break below 5270, it can slide upto 5220-25.
Ø
INDICES:
Sensex +67 at 17386 (0.39%), NIFTY +20 at 5268 (0.37%), CNXMIDCAP +21 at 7492
(0.28%)
Ø
SECTORAL
PERFORMANCE: BANKEX
0.83%, AUTO -0.69%, CAPITAL GOODS 0.06%, HEALTHCARE 0.47%, Metal 0.41%, OIL
& GAS -0.3%, IT 1.06%, FMCG 0.78%, PSU 0.11%, REALTY 0.3%, Consumer
Durables 1.85%, POWER -0.25%
Ø
MARKET
BREADTH: 311
Advances, 181 Declines (BSE 500)
Ø
TODAY'S
GAINERS: HUVR 2.6%,
SAIL 2.11%, BHARTI 1.93%, HCLT 1.86%, DLFU 1.82%
Ø
TODAY'S
LOSERS: TTMT
-1.91%, MSIL -1.71%, BPCL -1.5%, RPWR -1.49%, BJAUT -1.09%
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