Thursday 21 April 2011

Thursday 21,April

The market opened higher by 100 points sensex and 30 Nifty in correlation with the other world markets.

Thru the day the it moved in a very narrow groove - and finished @ 19573 (up 102 points) and Nifty 5880 (up 28 points).

Once again the market failed to decisively cross 5900 and just stayed a bit shy of the level, However , its for the third consecutive day the market has closed on a positive note.

TCS results were as per the expectations - but the share price was down 2% on close - more on the expectation of the analysts downgrade of earnings for FY12 during the next few days.

Reliance results should be available after the trading hours and the stock was up nearly 2% @ 1040.
Have to now wait & see the market reaction on Monday after the results get analysed and re analysed by the TV experts!

Next week Thursday 28th is F&O expiry - so the market seems to be all set for the 6000 Nifty or is it 5750 levels.??





No comments:

Post a Comment