7th May 2012,Closing Market Updates :
Indian equity markets fell in the early session today on global turmoil but after the clarification by Hon.Fin.Min. Pranab Mukherjee that GAAR will be applicable after Apr.2013, market ignored European market losses and recovered to end into positive.
Nifty recovered nearly 136 points from its bottom to end at 5123.4 by gaining 36.55 from last closing. Sensex dipped to 16513.7 and ended at 16933.76 with 102.68 points on positive side.
As avoided short into morning blog, Nifty(May Fut) not fell below 5000 mark and gave a smart recovery upto 5139.5. Spot Nifty may touch 5170-5180 in coming sessions on pullback rally.
Among BSE sectoral indices, Capital Goods' index was the top gainer by 3.62% while FMCG was the top loser by 0.59%.
In Nifty50 stocks, BHEL was the top gainer by 5.75% and ended at 226.35.Cairn was the top loser by 2.39% ended up at 325.
Unitech was the turnover topper by the quantity traded and SBIN by the traded value on NSE today.
Advance/Decline ratio was positive as 732 stocks gained and 671 stocks declined today on NSE.
Major World Indices :
Hang Seng : -549.35
Nikkei : -261.11
FTSE : -111.49
CAC : -8.89
DAX : -53.66
Dow Futures : -60.00
Nasdaq Futures : -14.00
Nifty recovered nearly 136 points from its bottom to end at 5123.4 by gaining 36.55 from last closing. Sensex dipped to 16513.7 and ended at 16933.76 with 102.68 points on positive side.
As avoided short into morning blog, Nifty(May Fut) not fell below 5000 mark and gave a smart recovery upto 5139.5. Spot Nifty may touch 5170-5180 in coming sessions on pullback rally.
Among BSE sectoral indices, Capital Goods' index was the top gainer by 3.62% while FMCG was the top loser by 0.59%.
In Nifty50 stocks, BHEL was the top gainer by 5.75% and ended at 226.35.Cairn was the top loser by 2.39% ended up at 325.
Unitech was the turnover topper by the quantity traded and SBIN by the traded value on NSE today.
Advance/Decline ratio was positive as 732 stocks gained and 671 stocks declined today on NSE.
Major World Indices :
Hang Seng : -549.35
Nikkei : -261.11
FTSE : -111.49
CAC : -8.89
DAX : -53.66
Dow Futures : -60.00
Nasdaq Futures : -14.00
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