Tuesday, May 31, 2011

31 May 2011 Closing Market Updates

31 May 2011 Closing Market Updates 15:48
Market opened positive after US market were closed yesterday.Even after a disappointing GDP data release, market rallied to a significant three digit move. Nifty ended at 5561.15 with a 88.05 points jump.Whereas Sensex gained 276.17 points to end at 18508.23
All BSE Sectoral Indices ended in positive.Realty index was the top gainer by 2.52% followed by FMCG by 2.06% and Bankex by 2.05%
In Nifty50 stocks, 48 stocks gained today. JP Associates was the top gainer by 4.97% rise and ended at 86.55.Cipla was the top loser by 1.26% decline and ended at 325.35
Infosystch was the turnover topper stock as per traded value and Punjlloyd was the most traded stock on NSE today by traded quantity.


GDP Details :
The Gross Domestic Product grew by just 7.8% in the fourth quarter ending March 2011 against 9.4% in the same three-month period of the previous fiscal. The GDP falls to 7.8% in Q4 vs 8.2% in Q3
Farm sector grew 7.5 percent in the March quarter, compared with 1.1 percent in the year-ago quarter. 
Manufacturing grew 5.5 percent, compared with 15.2 percent. Mining output grew 1.7 percent, compared with 8.9 percent. Financing, insurance, real estate and business service grew 9.0 percent versus 6.3 percent. 
Construction grew 8.2 percent versus 9.2 percent. 

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