To simplify the knowledge of Savings, Investments andTrading. Attend our webinar session conducted on everySunday from 11:00 a.m to 1:00 p.m. Visit www.ifmaonline.com Heavy selling pressure from capital goods and Realty stocks capped the gains of thirty share index on Friday. Sensex closed the last day trade of the week at 15,65 points by gaining marginally by 10.65 points on BSE. A rumor about the reunion of Anil and Mukesh Ambani had changed the market post noon session. RIL gained 2.52%, ADAG stocks surged up to 5%. A rally in index heavy RIL increased the Oil& gas sector index by 1%.
FMCG and Banking stocks were soared marginally on increased buying power. IT, Marico and Nestle India were rallied more than 1%. Banking stocks witnessed slight tumbling pressure on concerns over deteriorating net performing asset .SBI down 0.92% and PNB declined 1.35% A delay in order placement had dragged down capital goods stocks by 2%.Stocks of crompton greaves shed 3.66%, punj Llyod 1%. Retail stocks were higher by 5-7% on news release that the Government may soon issue a notification to allow 100% FDI in single brand retail sector. Mid cap index was down 0.09% and small cap index declined 0.02% on BSE. The overall market breadth was positive, 1,437 stocks rallied and 1,296 stocks were declined.
Kingfisher dipped 5% after Directorate General of Civil Aviation has given three days time to company for mapping a plan of financial recovery. Hero Motocorp expects to attain bi-fold growth in the next financial year as the sales of growth for motorcycle remains to be stable in the domestic market. Mahindra & Mahindra has committed itself to launch six new models before the end of March 2013. The deputy chairman of planning commission, Ahluwalia expects India to grow at 8-9% per year for the next 20 years Tata Motors has capped Rs.3000 cr for the expenditure of financial year 2012-13 Hindustan Copper soared nearly 65% in this week on reports that the company decided to ramp up the production by four fold along with three Chinese firms over the next five years.
Asian markets were opened on a cautious note and closed the day on missed note, Concerns over euro zone debt crisis weighed down market sentiment after French and Italy borrowing cost rallied. However, the European shares opened the session on green note as market was moving temporarily in tandem with economic data’s of US and Europe. Investors are eyeing US non-farm payrolls and US unemployment rate data to be out later. Euro inched higher following the buying interest zoomed for the financial stocks. The greenback of six currency movement tracking dollar index slumped as the demand for euro increased from foreign investors.
Crude futures was up after two day loss, seen at $102.23 per barrel during the last trade in New York Gold futures were trading on positive terrain at $1,623 an ounce as weak dollar increased buying power in the global market Indian rupee closed at Rs.52.70 per dollar , increased 28 paise on the interbank foreign exchange trade due to high demand for nation currency from corporates and exporters. -----------------------------------------------For any kind of financial training, contact firstname.lastname@example.org. Visit us atwww.ifmaonline.com, To Keep you updated with daily market news,visit www.indiafinancebazaar.comFor students, we provide tailor made financial training upon thecollege request. Contact email@example.com forfurther details or call us at 044-32973431