most significant day witnessed on the Dalal street today as Sens*x closes above 12000 mark. The strongest ever start for the new series (MAY) made a remarkable note and crushed the bears strongly. Almost all the sectors enjoyed the bull run today leading by IT, Metals and Realty stocks. The Sens*x posted a highest single day gain since October 08. Sens*x soared up 731 points to close the trade at 12135 and Nifty posted a remarkable gains of 180 points to shut the trade at 3654. Global ques were the accelerator for markets today. All the indicies across the world were trading positive. But the Indian Markets again outperform the world markets.
Sectorwise View
BSE Metal and IT indices shot up over 8%. Bankex gained 8.9% and Capital Goods Index was up 5.9%. FMCG, Realty, Auto, Oil & Gas and Power indices gained 3-5.4%. On the F&O front, the Nifty futures added 45 lakh shares in open interest (OI). Unitech has seen a build up of 2.2 crore shares in OI. RNRL has added 36 lakh shares and Suzlon added 34 lakh shares in OI. ICICI Bank has seen a build up of 21 lakh shares in OI with a turnover of Rs 955 crore. Heavyweights like Reliance Industries, Infosys, HDFC, ITC, ICICI Bank, ONGC, SBI, Wipro, L&T, HDFC Bank, TCS and SAIL were biggest contributors in this rally, gained 3-10.5%.
European Markets and US Futures
At the time of closing of Indian equities, European markets were trading higher. The CAC was trading at 3,195, up 35 points and the DAX went up 83 points, to 4,852. Among the US futures, the Dow futures were up 49 points, to 8,230 and the Nasdaq futures rose 11.25 points, to 1,409.75.
We had issued a free investment report a week earlier and all the stocks mentioned are almost up by 6% to 10% in a weeks time. If anybody wants the report, then mail me at bijoy @ profitcontrol.in
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