Derivative Report 17 January 2012 By Mansukh Investment and Trading Solution
Back home, the local markets seemed in a pessimistic mood with the start of the new week, while on one hand the global cues were weighing down on the other, there was not much on domestic front that could support the markets to move higher from their Friday's close. The beaten down IT and technology sector stocks witnessed some buying interest at the lower levels and gathered gains of over one and half a percent. While,capital goods sector emerged as the clear winner with gains of over two percent, Auto and metal sector also managed a green close after the monthly inflation for the month of December came much in line with the street expectation, declining sharply to 7.47% from 9.11%. The market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1390:1352 while 105 scrips remained unchanged. (Provisional)
