The markets took the heat of selling pressure from the Bears as well as from the Bull unwinding in the afternoon kept the indices low but the beauty part of the yester day trade was that Nifty did not collapse despite of such sustained selling. The market absorbed comfortable the selling pressure.
The notable gainers of big name are – Tulip IT and Nucleus software, AuroPharma, JindalSAW, Havells…etc. The reality sector and the metals were worst hit.
Market PULSE check by Stock-O-Meter:
The Following scrips covered in my yesterday posting: The high, low, closings of 11-05-09:
Nifty 3660.2 3534.55 3554.60
ICICIBANK 547.75 513 523.35
RIL 1928 1850.1 1861.60
REL infra 792.90 746.55 763.0
DLF 244.80 226.10 228.1
T.Steel 288.80 267.20 270.65
SAIL 127.15 118.20 120.15
JP ASSOCIAT 144.70 133.30 135.50
Relcap 595 540.8 546.50
ONGC 903.80 872.50 879.7
HUL 236.50 226 227.15
I may be right or wrong, You may like it or not but “No argument with the ticker-NEVER”
Tuesday, May 12, 2009
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