9 June 2011 Closing Market Updates

9 June 2011 Closing Market Updates  15:56


Strategy given today :


Buy June Nifty 5600 CE @ 46 and Buy June Nifty 5400 PE @ 53

Market was volatile but ended flat as global markets didn't show any major activity. Nifty ended at 5521 shedding 5.85 points whereas Sensex lost 10.95 points to end at 18383.34. 
Among BSE Sectoral Indices, Consumer Durables index rose the most by 1.44% and Auto Index was the top loser by 0.57%
In Nifty50 stocks, Sail was the top gainer by 1.94% and ended at 146.95 whereas Ambujacem was the top loser by 2.13% and ended at 137.80.
SBI was the turnover topper on NSE by the traded value and Himachal Futuristic was the most traded stock on NSE by the quantity traded.
Advance Decline ratio was negative as 785 stocks declined and 605 stocks gained today on NSE.

Costlier fruits and onions pushed up food inflation to a two-month high of 9.01 per cent for the week ended 28th May, but the Prime Minister's chief economic advisor has expressed hope that the rate of price rise could moderate on the back of a good monsoon.

Food inflation, as measured by the Wholesale Price Index (WPI), was 8.06 per cent in the previous week.

In the last week of May, 2010, it was as high as 20.62 per cent.

The last time when food inflation was above 9 per cent was for the week ended 26th March, when it had stood at at 9.18 per cent.

As per data released by the government today, fruits became 30.78 per cent more expensive year-on-year, while onions were up by over 14 per cent.

In addition, milk prices went up by 8.49 per cent and egg, meat and fish became dearer by 6.99 per cent.

Cereals also became costlier by 5.77 per cent on an annual basis.

Major World Indices :

Hang Seng : -51.80
Nikkei : +17.69
FTSE : +4.24
CAC : +3.17
DAX : +15.17
Dow Futures : +28.00
Nasdaq Futures : +4.25