Monday, September 7, 2009

>MARKET PLOTTER (EDELWEISS)

Connecting the dots…

The bears seem to have extended their weekend by another day, as the Nifty rallied 2.3% through the session. The market opened with a 40 point gap up and continued its trajectory upwards closing at 4788 by the end of the day

Nifty outperformed most of the prominent Asian indices such as Hang Seng and Shanghai, which were up 1.5% and 0.7% respectively. Consumer discretionary and Information technology were the outperforming sectors in the Hang Seng

In the Nifty, the advance decline ratio was ~9:1, with the likes of Tata Motors and Unitech gaining ~11.4% and 7.7% respectively. M&M and ITC were two of the five Nifty losers, correcting ~1.2% and ~0.9% respectively. Industrials led the day, with the sector gaining 3.9% today

In the F&O universe, Bhusan Steel (up 15%) and IOC (up 9%) were the biggest gainers, while PFC (down 1.6%) and Pantaloons (down 1.3%) were few of the bigger losers

Cash markets (NSE) witnessed INR 174,456mn worth of trading, while the NSE F&O segment saw trading worth INR 574,908mn

To see full report: MARKET PLOTTER

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