Thursday, 28 July 2011

STOCK MARKET REVIEW : 29 JULY 2011

STOCK MARKET REVIEW: 29 July 11

CNX Midcap index was down about 0.84%% while BSE smallcap index also gained 0.93%.  The Indian indices extended the lose to the third straight day due the weak global cue and US lawmakers are no closer to make a deal to ward off the debt default.
The Sensex declined 232 points to close at 18200, while the Nifty dropped 61 points to close at 5486.

Most of the day the decision was not in favor of the bull and bear
but in the end the tug Bear Fragged, tomorrow, the market is expected to trade once again bearish trend as any sign of hope comes from the side of the world market

Market would be expected to be down trend.  
Nifty Spot level will manage between 5400 and 5565

Today’s Nifty Top gainer were GRASIM with changes 1.55%,AMBUJACEM with changes 1.45%,ITC with changes 2.79% and losers were JINDASTEEL  with  changes 3.05 %,RELCAPITAL with changes 3.12%,IDFC with changes 3.14%

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