Friday, March 25, 2011

Free NSE Intraday Tips

In BSE, BSE Realty index was at 2178.7 up by 59.93 points or by 2.83%. The main gainers were Unitech Ltd. (Rs. 40.50,+9.61%), Parsvnath Developers Ltd. (Rs. 40.10,+6.08%), Indiabulls Real Estate Ltd. (Rs. 118.25,+4.28%), Orbit Corporation Ltd. (Rs. 51.65,+4.24%) and Sobha Developers Ltd. (Rs. 275.00,+3.99%).

In BSE, BSE Auto index was at 8717.68 up by 120.17 points or by 1.4%. The main gainers were Ashok Leyland Ltd. (Rs. 56.25,+5.24%), Mahindra & Mahindra Ltd. (Rs. 664.35,+2.88%), Bharat Forge Ltd. (Rs. 342.95,+2.74%), Apollo Tyres Ltd. (Rs. 69.10,+1.77%), Hero Honda Motors Ltd. (Rs. 1475.70,+1.67%).

On corporate front, Unitech mounted 9.61% to Rs 40.50 following reports that the company has sold over 300 units worth Rs 200 crore in its mid-income housing project at Gurgaon.

European markets, which opened after the Indian market, traded on a positive note. Key benchmark indices like - CAC 40 was trading higher by 0.54% at 3,934.45, FTSE 100 advanced by 0.86% at 5,845.62 and in Frankfurt, the DAX index was trading up by 1.08% at 6,877.86.

On the macroeconomic front, The government data stated that the country’s food price index and the fuel price index rose 10.05 percent and 12.79 percent, respectively in the year to March 12, 2011.
Today, the domestic market continued its winning streak for the second consecutive day tracking the firm Asian markets. Moreover, the recovery in the European markets after a dismal opening boosted the investors’ sentiments that led the market to gain further grounds towards the final hour of the trade. 

Asian markets were mostly positive except Japan, where the risk appetite remained subdued due to consequences of earthquake in Japan as contamination extended through the Tokyo area. Back on the domestic front, the food inflation worsened for the week ended March 12, and moved back to double digit at 10.05% as against 9.42% in the previous week. The rise in inflation led to some profit booking in the market in the afternoon traded and the market saw some correction from the day’s high. 

The primary articles price index was up 13.53 percent in the year to March 12, 2011 against an annual rise of 12.31 percent a week earlier. The wholesale price index-based inflation rose an annual 8.31 percent in February from 8.23 percent in January. Last week, the government data stated that the food price index and the fuel price index rose 9.42% and 12.79%, respectively, in the year to March 5, 2011.

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