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Friday, April 4, 2008

Market from Days off:Nifty 17.5 pts Up and Sensex 82pts up

Markets did come off from day's high. It ended firm in the green amid choppy day of trade. Profit booking was seen in mid & smallcap stocks. Sensex was up 82 pts at 15832.5. Nifty was up 17.5 pts at 4771.6.

Market statistics

Out of the total 2,687 stocks traded at the BSE, 1,215 advanced, 1,409 declined while 63 remained unchanged.

Among the sectoral indices at BSE IT surged 3.31%, BSE Oil & Gas rose 1.97%, BSE Metal rose 0.53%, while BSE Bankex declined 0.02%, BSE Auto was down 1.07% and BSE Power dipped 2.60%.

FNOSnapshot
NSE F&O turnover continued to remain significantly low. Nifty 4700 put continued to see significant open interest buildup


Long buildup was seen in Nifty near 4750 levels. Nifty April contributed to trade around 40% to toal F&O turnover vs 55-60% over last few trading sessions. Orchid Chem rallied in the last half hour of trade up 12%. It added 3 lakh shares CoC surged.

Fresh Long were seen in Oil & Gas. Essar Oil, RPL. Others were WWIL, S Kumars, Tata Steel. Fresh Short were seen in Large Caps stocks like JSW Steel, Suzlon Energy, BHEL, REL, GMR Infra. Others stocks like Yes Bank, ISpat. Short Covering were seen in stocks like HUL, Hindalco. Long Unwinding was seen in stocks like HOEC.

Data To Watch
Fed Chairman Bernanke's testimony at the Senate Banking Committee to discuss markets and the Fed's role in JPMorgan Chase & Co.'s purchase of Bear Stearns, Jobless Claims Data, ISM Non-Manufacturing Data, ISM Manufacturing Index came which was better than expected.

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