The FIIs pour dollars………..

The Obama administration has single point agenda to change the rules of the game to favour Protectionism from free trade. The US was reduced in its thinking to save their lots from competition. The world was rally has reached a stage from where the stock returns can be in a range. The markets in India have continued to rally at the Index level now spread to Mid & small caps. The today fall is more a correction at the large cap level than a down turn. The fall from higher level very much confined to the big ticker names be it DLF, ICICI, Relcap, HDFC, Kotak, JP associates, Tata steel, IVRCL, Indian Bank, IDFC, IDBI and other like sugar stocks.
The phenomenal rise witnessed in the mid caps like Havells ( 36%), Tulip (25%), KesoramInd and other smaller power companies. The Tata Power and R power showed their resilience to meet the on slaughter.
The Monday rise was tepid interms of volumes but the percentage of rise is good. A critical study shows that the Monday rise did not help at least 70 companies to close above the closings made on 20th April when the Nifty closed at 3371. The most under performer is the ROLTA, SKUMAR, Gitanjali gems, Bank of India, ABB, Aban and many more. On the other hand the best out performers are Mind tree, Wipro, ICICI bank, TVS motors, Pantloon and others continued rise more than 25%
The Nifty rose more than 8% from the comparison date 20th April 09. The Bank Nifty rose 9% and CNXIT rose by 15%. The heavy weight like Infosy rose by nearly 13% where as Reliance rose by 10%, Rel Infra rose by 15% and Grasim by 13%. The prominent name that are under performing are ESSAROIL,IOB,ZEEL,INDIANB,ROLTA,BOSCHLTD,BPCL,THERMAX,MARUTI
MCDOWELL-N,BANKINDIA,DIVISLAB,ASIANPAINT,ABB,ABAN,EDUCOMP,

The BEST OUT PERFORMERS BY PERCENTAGE:

HAVELLS 39.611
MINDTREE 36.212
BAJAJHIND 34.762
WIPRO 31.692
LICHSGFIN 31.397
TULIP 31.357
PENINAND 30.612
KESORAMIND 28.037
PANTALOONR 27.615
TVSMOTOR 27.103
ICICIBANK 26.583
HDIL 25.589
SUZLON 24.596
IDFC 21.862
VOLTAS 20.668