Just another WordPress.com site

  • June 2012
    M T W T F S S
    « May   Jul »
  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 1 other follower

  • Categories

Market Lens

Posted by sandhyaravii on June 20, 2012

Domestic Equity Outlook ā€“ Negative start to
the week
Indices snapped out of five days winning streak after rating agency
Standard & Poor’s cautioned that India could lose its investment grade
status because of its worsening economic fundamentals. Up move that
started last Monday came to a sudden halt after S&P CNX NIFTY
registered an intraday high of 5,124 post strong opening at 5,097 mark
yesterday. Unfortunately, sell off in late noon trades post S&P warning
saw indices moving below previous close of 5,068 only to register a
fresh low of 5,041 mark. By end of the day, indices closed with loss of
14 points at 5,054 mark. Sectorally, except for CNX FMCG index, all the
sectoral indices closed on a weak note. CNX Pharma emerged as top
loser with sector losing 1.5% in single trading session. Market breadth
fortunately remained in favor of Bulls with 770 stocks advancing as
compared to 693 stocks declining. Both Mid-cap and Small-cap indices
outperformed the broader markets although closed on a negative note.

(Click to read more)



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: