Monday, 1 August 2011

STOCK MARKET REVIEW: 2 August 11


CNX Midcap index was down about 0.12% while BSE smallcap index also lost 0.26%.
The BSE Sensex ended at 18,314 adding 117 points. It had earlier touched a day's high of 18,440 and a day's low of 18,219. It opened at 18,352. The NSE Nifty closed at 5,516 up 35 points.

Remember big laggards were consumer goods and consumer durables stocks. IT, telecom and auto stocks were major gainers. The Mid Cap and Small Cap stocks were pressure.

For the Indian markets are corporate profits and parliamentary debates during the monsoon session. Any significant progress on a key to the reform-oriented bills will be emotionally positive for markets


Market would be expected to be up trend due positive US Results Nifty Spot level will manage between 5430 and 5605

Today’s Nifty Top gainer were RANBAXY  with changes 4.08 %, POWER GRIP CORPO with changes 2.24%,KOTAK MAHINDRA  with changes 2.06% and losers were STEEL AUTHORITY with  changes 5.07 %,SESA GOA with changes 2.22%, STERLITE with changes 1.17%

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