Market
Commentary:
Ø Asian stocks rose from a five-month
low, the yen slid against all its major peers and commodities gained on
speculation China and Japan may take steps to boost economic growth.
Ø Backhome, prolonging its Friday’s
up-move, domestic benchmarks are trading with traction, though some profit
booking was witnessed in early trade. The BSE Sensex and NSE Nifty gained ~0.5%
each amid a choppy trade. Nifty was trading firm above 4900 level.
Ø Stocks in Focus:
v SBIN: continued to extend its
positive run that was started post its Q4 results on Friday. Stock was up by
over 3.5%.
v Tata Steel lost 1% to Rs 396 after
weak Q4 results.
Ø The rupee was broadly flat against
the dollar tracking a mild recovery in risk assets after G8 leaders over the
weekend backed keeping Greece in the euro zone.
Ø From Intra-day perspective, we
expect Nifty May Futs to trade in the range of 4860-4920.
Ø
INDICES:
Sensex +67 at 16220 (0.41%), NIFTY +22 at 4914 (0.46%), CNXMIDCAP +42 at 6909
(0.61%)
Ø SECTORAL PERFORMANCE: BANKEX 1.19%, AUTO 0.18%, CAPITAL
GOODS 1.46%, HEALTHCARE 0.29%, Metal 0.28%, OIL & GAS 0.8%, IT -0.38%, FMCG
-0.48%, PSU 0.66%, REALTY 1.21%, Consumer Durables 0.19%, POWER 0.81%
Ø MARKET BREADTH: 362 Advances, 127 Declines (BSE
500)
Ø TODAY'S GAINERS: SBIN 3.85%, TPWR 3.8%, RELI 3.73%,
MSIL 3.18%, KMB 2.34%
Ø TODAY'S LOSERS: NTPC -1.59%, WPRO -1.51%, TATA
-1.49%, INFO -1.29%, HCLT -1.28%
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