Market wrap

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Market wrap

  1. 1. MARKET WRAP 04.04.2012Geojit 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 negative note tracking negative sentiments from the global markets and moved in a sideways manner till noon. It further slipped to finally close in red. Sentiment turned negative in the second half of the day as investors booked profits and reduced their positions ahead of the long holiday starting from Thursday. Apart from that the growth in the services sector slipped to a five month low in March as expectation of a blooming business outlook faded. In the sectoral front, there was selling in realty, metal, banking and auto stocks while power and IT gained in a minor way. Power sector stocks gained as Coal India has been send the Presidential decree to supply coal to the power firms. 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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