Today witnessed a very volatile session in the market.Market shooted in the afternoon as European were trading on higher side as Credit Suisse, Switzerland's second-largest bank behind UBS, posted a first quarter net profit of 2.1 billion Swiss francs ($1.97 billion) on Thursday against analysts' expectations of 2 billion francs.Reliance industries was trading 2% higher ahead of its Q4 results.SBI(up 5%),Sail,TatamotorsHerohonda,Rcom were the Nifty leaders in the rally.
But again in the last half an hour market corrected nearly to close marginally up as European markets corrected because European Union's official statistics agency said the Greek budget deficit in 2009 was wider than the government had estimated, and added that it has reservations about the accuracy of Greek budget data that may lead to further upward revisions. In the first of its twice-yearly reviews of government finances in the 27-member bloc, Eurostat said the Greek government's budget deficit was 13.6% of gross domestic product last year.The Greek government had estimated the deficit was 12.7% of GDP in 2009, although it has acknowledged that Eurostat's estimate may be higher because of differences in the way it accounts for surpluses in the state-run pension fund.
At last, Nifty closed at 5260.45 gaining 15.55 points after making day high of 5331.80.Sensex closed at 17544.65 gained 72.09 points.(Not adjusted close).
Among the BSE Indices, Oil & Gas index gained most by 1.25% while Realty lost the most by 1.34%.
Among Nifty50 stocks, SBI was the top gainer with 5.19% to close at 2215 while Tatasteel was the top loser with 2.52% and closed at 652.
574 stocks gained and 720 stocks declined today on NSE.
Today Food inflation rose to 17.65% from 17.22% for the week ended April 10 due to higher prices of fruits and vegetables.
Prices of fruits and vegetables rose by 3 per cent, sea fish became costlier by 2 per cent and pulses such as arhar and moong became dearer by 1 per cent each over the week.
The overall inflation, led by rise in food prices, had gone up to 9.9 per cent in March, much higher than the central bank's projection of 8.5 per cent for March-end.
On an annual basis, pulses became dearer by 28.77 per cent, milk by 22.21 per cent, fruits by 18.81 per cent and wheat by 11.18 per cent.
On a weekly basis, the index for food articles rose by 0.7 per cent. Index for non-food articles rose by 0.5 per cent led by higher prices of groundnut and castor seeds.
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