Market wrap

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Market wrap

  1. 1. MARKET WRAP 03.04.2012Geojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 IBSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012
  2. 2. Markets opened on a positive note tracking positive cues from the global arena and moved in a sideways manner throughout the day. Final hour of trade saw some profit taking but the overall market outlook remained positive. Nifty VIX plunged around 4% and settled near to 20 showing that investors are expecting some more upside to the markets ahead of the RBI meet scheduled on April 17th. Market WrapGeojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 IBSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012
  3. 3. On the sectoral front, gains were registered in consumer durable, capital goods, oil, metal and banking while there was loss in healthcare, auto and IT. Real estate stocks were in demand on reports that some banks may cut home loan rates for new borrowers which can lead to increased property sales. Aviation stocks were up following reports that FDI to the limit of 49% may be allowed in the sector soon. Also, broadcasting companies surged on reports that the government may clear decision to hike the FDI cap to 74% from current 49%. Market WrapGeojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 IBSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012

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