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Markets ended near days low, slips to 15504

Monday, September 17, 2007

Today Markets ended near days low; displays vulnerability to bad news. Sensex went down 100 pts at 15504; Nifty down 23.3 pts at 4494
CNX Midcap Index went up 0.50%, BSE Small-cap Index up 0.80%

BSE IT Index down 1.5%, TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%. BSE Bank Index also went down 0.75%; ICICI Bank down 1.23%, HDFC Bank down 0.53%.

Index Gainers were REL, which went up 2.8%, HUL up 1.8%, Suzlon up 1.56%. NSE Advance Decline ratio was at 1:1.

Total market turnover at Rs 49815.65 cr Vs Rs 66142.84 cr on Friday
New Listing On BSE: VTM closes at Rs 263 Vs listing price of Rs 302 (Base Price: Rs 251.95)

CURRENCY MOVEMENT
Yen appreciates by 48 bps at 114.7; hits intra-day high of 114.67 and low of 115.37
Rupee depreciates by 26 bps at 40.555; hits intra-day high of 40.415 and low of 40.5675

F&O SNAPSHOT
Nifty futures discount at 10 pts Vs 5 pts on Friday
Nifty futures add 22.37 Vs 25.7 lakh shares yesterday in OI
Nifty futures turnover at nearly 30% of total FNO turnover
Sugar has been sector of the day with Triveni Eng leading the way
Telecom and IT see some fresh shorts

Star Performers:
Triveni Engg, United Spirits, Titan Ind, Pantaloon Retail

Long Positions
Sugar: Bajaj Hind, Balrampur Chini, and Triveni Eng
Power: Neyveli Lignite, REL
Real Estate: GMR Infra, HDIL
Misc: Kotak Mah Bank, HDIL, Nagarjuna Fert, Jaiprakash Hydro, and Sterlite

Fresh Shorts
Telecom: Bharti, R Comm, Idea
IT:TCS, Infosys, Rolta, Patni, Satyam Comp
Misc: Alok Ind, Praj Ind , NTPC, and Arvind Mills

Short Covering
IFCI (In F&O Curb), Ballarpur Ind, Oswal Chem (In F&O curb), IDBI (In F&O curb)

MID/SMALL CAP METAL STOCKS BUZZING
MSP Steel
Electrosteel Castings
Ispat
Visa Steel

Posted by FR at 7:04 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.