[Investors Please Listen] Market Plotter 26-Mar-09-EDEL

Market in a nutshell

 

§         Continuing yesterday's rally, the domestic bourses opened sharply higher tracking global cues. Stocks continued to march ahead in northward direction as further ease in inflation to memorable lows, raised expectations of relief in the monetary policy by the RBI. Nifty closed at 3,082 (up 98 points) while Sensex ended the day at 10,003 (up 335 points)

§         Nifty April Futures were trading in a range of 8-14 points premium for the major part of the session.

§         The expiry session of the March F&O series saw Nifty rollovers to the tune of 68% while market wide rollover stood at 76%. The April series starts with the highest OI in value terms since September 2008.

§         The BSE Capital Goods index surged 5.42% to close at 6,425 with Crompton Greaves climbing 13.8% to INR 121 while The BSE Power index also ended higher by 4.02% at 1,883 with Lanco Infratech rising 11.6% to INR 147.

§         Market breadth was positive with an Advance: Decline ratio of 1.5:1. Sesa Goa jumped 10.6% to INR 98 while Aban Offshore advanced 10.5% to INR 367.

§         Cash volumes were at INR 201,742 mn (NSE+BSE) as against a 5 DMA of INR 148,157 mn. F&O volumes were at INR 769,570 mn as against a 5 DMA of INR 616,853 mn.       

 

Eye Catchers

 

§         Orchid Chemicals rallied 10.3% to INR 71 with volumes of 1,967,560 (up 1300%) after the company said it has bought back foreign currency convertible bonds worth $25.7 million and is in the process of extinguishing the same 

 

Market News

 

 

§         The rupee was trading at INR 50.63 against the dollar.

§         Nymex crude rose to trade at USD 53.63/bbl. Base metals were trading on a mixed note.

§         Religare raised rights issue size to INR 18,500 mn

§         Inflation neared zero at 0.27% 

§         HCC saw 17% jump in orders during Mar 08-09

 

Indices performance 

 

	CURRENT	PREV.	%CHANGE
S&P CNX NIFTY	3,082.25	2,984.35	3.28%
CNX NIFTY JUNIOR	4,279.85	4,189.90	2.15%
CNX IT	2,387.45	2,300.35	3.79%
BANK NIFTY	4,285.15	4,126.45	3.85%
CNX 100	2,878.65	2,791.05	3.14%
S&P CNX DEFTY	2,110.45	2,035.95	3.66%
S&P CNX 500	2,314.20	2,255.60	2.60%
CNX MIDCAP	3,312.95	3,293.45	0.59%
NIFTY MIDCAP 50	1,140.25	1,110.20	2.71%
Top Gainers
Symbol	Open	High	Low	Last Price	Prev. Close	% Change
TATAMOTORS	164.00	180.40	159.05	175.90	160.35	9.70
UNITECH	34.50	37.10	33.35	36.50	33.95	7.51
LT	629.00	670.00	629.00	662.15	623.60	6.18
TCS	512.65	577.95	512.65	558.45	526.00	6.17
ONGC	765.50	815.00	760.60	807.60	763.70	5.75
Top Losers
Symbol	Open	High	Low	Last Price	Prev. Close	% Change
RANBAXY	165.00	165.80	154.70	157.10	163.00	(3.62)
HCLTECH	103.40	105.85	100.00	101.35	103.85	(2.41)
POWERGRID	99.95	99.95	94.30	96.25	97.05	(0.82)
AMBUJACEM	72.50	72.50	69.30	69.60	70.15	(0.78)
SUZLON	45.80	46.35	43.90	44.65	44.90	(0.56)

 

--~--~---------~--~----~------------~-------~--~----~
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en
-~----------~----~----~----~------~----~------~--~---