Market
Commentary:
Ø Asian stocks fell, commodities
headed for their longest slump in 14 years and bond risk climbed on evidence of
slowing growth in China before a report that may show Europe’s economy shrank
for the first time since 2009. The euro traded near an almost four-month low.
Ø Backhome, after trading in a very
narrow range near to yesterday'close benchmark indiced made a postive move
hitting intra-day high. Nifty was trying to catch the 4950 mark but trading
comfortably above 4900.
Ø Stocks in Focus:
v Larsen & Toubro (LT): stock shot
up 5% after the company said it expects a 15-20% growth on the topline as well
as order inflows for FY13.
Ø The rupee today recovered by 19
paise to 53.77 against the US dollar on the back of selling of the American
currency by some banks and exporters.
Ø We expect Nifty May Futs to trade
with slight positive bias for rest of the day.
Ø
INDICES:
Sensex +108 at 16324 (0.67%), NIFTY +29 at 4937 (0.59%), CNXMIDCAP +9 at 6931
(0.12%)
Ø SECTORAL PERFORMANCE: BANKEX 0.68%, AUTO -0.14%, CAPITAL
GOODS 2.76%, HEALTHCARE 0.53%, Metal 0.71%, OIL & GAS 0.2%, IT 0.53%, FMCG
0.06%, PSU -0.22%, REALTY 0.19%, Consumer Durables -0.37%, POWER 0.16%
Ø MARKET BREADTH: 276 Advances, 212 Declines (BSE
500)
Ø TODAY'S GAINERS: LT 4.79%, RPWR 2.5%, BPCL 2.44%,
HMCL 2.26%, CIPLA 2.04%
Ø TODAY'S LOSERS: NTPC -1.93%, MSIL -1.92%, IDFC
-1.65%, Coal -1.14%, DRRD -0.98%
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