Taking cues from Asian peers, Nifty opened gap up. In the first hour of trade a cautious selling pressure was seen. Then cam Q2 GDP with great surpise, a faster than expected growth rate of 7.9%. Market cheered the numbers very well, buying started picking up and Nifty saw the days high at 5066. By the time Middle East brouses opened and crashed Nifty ignored the news , because Dubai Debt concerns were already discounted last week. Finally Nifty shut shop at 5032, 1.84% up.
Trading Highlights
- Tata Steel(+6.08%), Bharti Airtel(+5.75%), Tata Motors(+5.52%), Suzlon(+5.40%) and JP Associates(+5.38%) were the top gainers in the Nifty stocks
- Hero Honda(-1.59%), PNB(-1.09%), Maruti(-0.91%), Unitech(-0.57%) and SBI(-0.35%) were the top losers in the Nifty Stocks
- Advance : Decline in Nifty Stocks is 42:8
- Index Options PCR is at 1.18
- India VIX has decreased to 27.56
- FII's and DII's were net buyers in cash market with equities worth Rs. 456 Cr and Rs.469 Cr respectively
- Telecom and Metals were the top performing sectors in Nifty stocks
- S&P 500 is closed at 1095 (+0.77%)
- USD Index is at 74.78 (-0.02%)
- Crude Oil is at 78.51 (+0.05%)
- Gold is at 1180(-0.14%)
- USD/INR is at 46.26 (-0.54%)
- BDI is at 3887 (-2.18%)
- Commodity Index is up 1.5%
- SGX Nifty is trading +12 points in the opening trade
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