Market wrap

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Market wrap

  1. 1. MARKET WRAP 11.06.2012Geojit 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. The markets opened on a positive note and moved in a sideways manner most of the day. The last hour of trade witnessed selling pressure to close for the day in red. Car sales in India grew at the slowest pace in seven months during May of 2.78% growth as reported by SIAM on the back of high interest rates and higher petrol prices. On the sectoral front, there was selling pressure in capital goods, healthcare, realty, oil and auto while minor gains were seen in consumer durable and FMCG. Fertilizer stocks continued to shine. Metal stocks gained on reports that China’s imports of copper and iron ore grew more than 10% in May 2012. Asian markets were trading in green on positive signals from the euro zone; China’s trade surplus showed that last week’s interest rate cut was aimed at domestic slowdown. Euro and oil gained. US stock futures gained. 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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