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CNX MIDCAP 7474.25 84.80 1.15 % TATAMOTORS Long 705 713 850 6800
NIFTY MID- 2557.90 35.00 1.39 % TOTAL PROFIT FOR THE DAY 29710
CAP 50
NIFTY 50 SENSEX
MARKET COMMENTARY
INDIA bourses. Index heavyweight Reliance Indus- 310 points from the day's low.
tries (RIL) also edged higher. The mar- Stocks were volatile as traders rolled over
The key benchmark indices rebounded from
ket breadth was strong. All the sec- positions in the derivatives segment from
3-1/2 month lows hit on Tuesday, 25 May
toral indices on BSE were in green. The BSE May 2010 series to June 2010 series ahead of
2010, tra c ki ng recove ry in
30-share Sensex was provisionally up the expiry of the near-month May 2010 con-
world stocks triggered by bargain hunting
357.15 points or 2.23%, off close to tracts on Thursday, 27 May 2010. The mar-
after a recent sharp slide. Realty, auto, metal
30 points from the day's high and up close to ket extended gains after a firm opening trig-
and IT stocks led gains on the domestic
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gered by higher Asian stocks. The mar- ket breadth, indicating the overall health 2.60 points, or 0.12% to 2,210.95. The Stan-
ket came off the higher level in morning of the market was strong. On BSE, 1880 dard & Poor's 500 Index gained
trade. The market soon regained strength shares advanced as compared to 917 shares 0.38 points or 0.04% to end at 1,074.03.US
with the Sensex hitting a fresh intraday high that fell. A total of 72 shares were un- consumer confidence rose for the third
in mid-morning trade changed. From the 30 Sensex stocks, 24 rose straight month in May 2010 to the highest in
The Indian Depository Receipts (IDR) issue and rest fell.BSE clocked turnover of Rs 3216 more than two years. But, that was coun-
of British bank Standard Chartered PLC re- crore, lower than Rs 3606.15 crore on Tues- tered by a report showing single-family
ceived a muted initial response. The issue day, 25 May 2010. home prices dropping in the first quarter on
received bids for 1.28 crore shares by 15:00 renewed price pressure as federal aid faded
IST on the second day of the issue today, 26 away.
May 2010, compared to 20.4 crore shares on ASIA:
offer. The issue was subscribed 6%. Stan-
dard Chartered has set the price band for the Asian stock markets staged a rebound on EUROPEAN:
IDR at Rs 100-115 each. Retail investors will Wednesday after a sharp cut on Tuesday
be allotted shares at 5% discount to the is- caused by growing questions about the sta- European markets bounced back on
sue price. Ten IDRs will represent one un- bility of the European banking system. The Wednesday on bargain hunting after hitting
derlying equity share of Standard Chartered key benchmark indices in Hong Kong, Japan, nine-month lows a day earlier. Key indices in
PLC. China, Indonesia, South Korea, Singapore UK, France and Germany rose by 1.56% to
The fourth quarter corporate results have and Taiwan rose by between 0.12% to 2.22%.
been decent. The combined net profit of a 7.27%.
total of 2,452 companies rose 23.7% to Rs
63,945 crore on 24% rise in sales to Rs
6,23,811 crore in the quarter ended March US:
2010 over the quarter ended March 2009.
As per provisional figures, the BSE 30-share US index futures edged higher in volatile
Sensex was up 357.15 points or 2.23% to trade. Trading in US index futures indicated
16,379.63. The Sensex rose 387.87 points at that the Dow could gain 58 points at the
the day's high of 16,410.35 in late trade. The opening bell on Wednesday, 26 May
index rose 47.30 points at the day's low of 2010.US stocks staged a late rebound on
16069.78 in early trade.The S&P CNX Nifty Tuesday to end mostly flat as the focus
was up 106.30 points or 2.21% to 4,913.05 shifted from European debt woes to buying
as per provisional figures.The BSE Mid-Cap after shares hit six-month lows. The Dow
index rose 1.46%. The BSE Small-Cap index Jones Industrial Average dropped
r o se 1. 67%. Both t h e se i nd i - 22.82 points, or 0.23% to 10,043.75.
ces underperformed the Sensex.The mar- The Nasdaq Composite Index shed
NEWS BITES
M&M buys majority stake in Reva
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TOP MOVERS CURRENCY & COMMODITES
(4:20 pm IST)
TOP GAINERS TOP LOSERS US $ Rs. 47.41
PRICE PRICE UK £
SCRIPS %CHNG SCRIPS %CHNG Rs. 68.33
(Rs.) (Rs.)
Euro Rs. 58.37
GMDCLTD 120.40 8.96% GRASIM 1845.30 -20.52%
¥en
RS. 0.5256
HINDALCO 147.75 7.30% GODREJCP 312.40 -4.27%
Gold Rs. 18629
EUROPEAN INDEX -
080-43587800
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