Market in a nutshell
- Bourses were trading on a flat note during the morning session, but rallied with conviction, post RBI’s credit policy announcement at noon. Buying was witnessed across the board which propelled the indices upwards. Sensex finally closed at 17,378 (up 362 points) while Nifty closed at 5,196 (up 106 points). Certain telecom heavyweights experienced selling pressure.
- BSE IT Index surged 5% to 4,238 with Satyam rallying 8% to INR 479. BSE Metal Index gained 4% to 16,193 with Sesa Goa soaring 13% to INR 4,173.
- Nifty May Futures were trading at a premium of 5 points to spot at the beginning of the session, which increased to 20 points after the announcement of RBI’s credit policy.
- The apex monetary authority hiked the CRR by 25 bps to 8.25% to tackle the inflationary concerns.
- Market breadth was positive with an Advance: Decline Ratio of 1.5:1. Bombay Dyeing and Network 18 advanced 13% to INR 988 and INR 283 respectively.
- Cash volumes were at INR 180,874 mn (NSE) as against a 5 DMA of INR 144,840 mn. F&O volumes were at INR 418,195 mn as against a 5 DMA of INR 428,002 mn.
Eye Catchers
- Strides Arcolab was up 10% to INR 197 with volumes of 511,576 (up 900%).
Market News
- Rupee weakened to trade at INR 40.36 against the dollar, due to dollar demand from oil importers.
- Nymex crude softened to trade at $117.9 / bbl. Base metals were trading on a mixed note.
Indices Performance
| CURRENT | PREV. | %CHANGE | ||||
| S&P CNX NIFTY |
5,195.50 |
5,089.65 |
2.08% |
|||
| CNX NIFTY JUNIOR |
9,180.10 |
8,996.55 |
2.04% |
|||
| CNX IT |
4,318.60 |
4,129.20 |
4.59% |
|||
| BANK NIFTY |
7,737.45 |
7,590.05 |
1.94% |
|||
| CNX 100 |
5,013.15 |
4,911.30 |
2.07% |
|||
| S&P CNX DEFTY |
4,463.20 |
4,387.55 |
1.72% |
|||
| S&P CNX 500 |
4,233.25 |
4,156.90 |
1.84% |
|||
| CNX MIDCAP |
7,011.10 |
6,888.25 |
1.78% |
|||
| NIFTY MIDCAP 50 |
2,732.20 |
2,676.30 |
2.09% |
|||
| Top Gainers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| DLF |
669.00 |
729.50 |
668.10 |
725.55 |
668.50 |
8.53 |
| SATYAMCOMP |
448.00 |
486.00 |
439.40 |
479.30 |
443.10 |
8.17 |
| HCLTECH |
266.00 |
290.00 |
263.15 |
286.90 |
265.40 |
8.10 |
| UNITECH |
294.00 |
321.70 |
287.10 |
317.65 |
294.00 |
8.04 |
| HDFC |
2,720.40 |
2,915.00 |
2,711.55 |
2,888.80 |
2,720.25 |
6.20 |
| Top Losers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| GRASIM |
2,640.00 |
2,725.15 |
2,350.00 |
2,474.20 |
2,634.15 |
(6.07) |
| IDEA |
109.00 |
110.00 |
104.30 |
105.00 |
109.10 |
(3.76) |
| BHARTIARTL |
920.15 |
929.00 |
898.35 |
901.20 |
928.05 |
(2.89) |
| RCOM |
594.00 |
598.80 |
570.60 |
574.95 |
585.05 |
(1.73) |
| ABB |
1,160.00 |
1,160.00 |
1,122.35 |
1,135.05 |
1,153.25 |
(1.58) |
No comments yet.