Nifty opened gap up around 50 points in the opening bell taking cues from the global markets. After that the Bulls pushed the market up around 150 points and regained all the points lost in Tuesday's trade. Partly short-covering and value buying from bargain hunters caused the upmove. This relief rally after 6 days of continous fall was biggest rise in a single day in last 3 months. Nifty shut shop above the 100 DMA at 4710(+3.22%)
Trading Highlights
- Unitech(+12.18), JP Associates(+10.94%), DLF+9.97%), Hindalco(+9.27%) and Sterlite (+6.34%)were the top gainers in the Nifty Stocks
- Suzlon(-4.46%), Sun Pharma(-132%)., Grasim(-0.49%), ABB(-0.29%) and BPCL(-0.05%) were top losers in Nifty pack.
- Advance : Decline in Nifty 45:5
- Index Options PCR is at 1.04
- India VIX has increased 22% to 29.89
- FII's and DII's were net buyers with equities worth Rs. 234 Cr and Rs.557 Cr respectively
- Metals and Cement sectors were the top gainers in the market
- New twist in Ambani brother's KG Basin Gas dispute case in High Court. The Judge hearing the case has recused himself from the case.
- Steel Cos Sales zoom 30 % in the month of Oct, 09- ET Report
- Tata Steel cut the prices of its products by about Rs 1500 a tonne in tune with falling global rates .Thus Tata joins other leading steel makers SAIL, JSW Steel , Essar and Ispat, all of them cut prices on Tuesday
- S&P 500 is closed at 1046.50(+0.10%)
- Crude Oil is at 78.4(-0.62%)
- Gold is trading at 1088.8(+0.14%)
- BDI is at 3295 (+1.47%)
- USD Index at 75.76(-0.74%)
- SGX Nifty has opened -23 points down
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