Saturday, 30 July 2011

STOCK MARKET REVIEW : 1ST AUGUST 2011


CNX Midcap index was down about 0.36% while BSE smallcap index also lost 0.67%.  Indian stock index ended virtually unchanged on Friday, taking a breather for three consecutive days of losses. It 'been a volatile session, with NSE Nifty vary between a minimum of 5450 and 5520 at the highest level.

Real estate, metals and oil and gas stocks were among the major laggards. Reserves Mid-Cap and Small Cap was also a little stream. However, unlike the negative trend were consumer goods and banking stocks and Telecom.

Finally, the BSE Sensex ended at 18,197 losing 12 points. It had earlier touched a day's high of 18,334 and a day's low of 18,131. It opened at 18,194. The NSE Nifty closed at 5,482 down 6 points.


Market would be expected to be down trend due to weak global market and Fear US Dead Default and market can say be under buying pressure due to profit booking.  Nifty Spot level will manage between 5400 and 5565

Today’s Nifty Top gainer were UNOTEDBEWERIES with changes 6.34%,IDEA CELLULAR with changes 4.83%,MARICO with changes 2.86% and losers were ADANI ENTERPRISES with  changes 20.97 %,ADANI POWER with changes 11.66%, UNITECH LTD with changes 5.97%

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