Market Closing 08 Feb 2010

08 Feb 2010   15:32
As described in our previous blogs, Nifty took support and bounced back nearly 124 points from its bottom of 4675.40. In addition, Govt declared the FY10 GDP growth estimates at would be at 7.2%. The statement changed the sentiment and Nifty touched intraday high of 4799.05 and closed at 4758.30(at 15:30) gaining 1.05 points. After recovering of more than 320 points,Sensex rose 27 points and closed at 15943.02.
Market breadth was slightly negative as 589 stocks rose today while 694 stocks declined.
Jubilant Food a new entrant stock in the market rose nearly 66% in such bearish and volatile scenario.IPO price was fixed at Rs.145 and got listed today and closed at its day high 240.90 ganing nearly 66%.
We had recommended this IPO on blog.
Top gainer : Jubilant Food 240.60 (65.93%)
Top Looser : Tatasteel 533.60 (4.54%)
At the time of closing of our market, European major markets were in green and Dow Future were trading in green with 30 points.


iNTEGRITY Research.