Market wrap

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Market wrap

  1. 1. MARKET WRAP 28.03.2012Geojit 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 negative note and erased early losses but could not move up to the green zone. In the afternoon session we saw some fresh selling which took the markets to the low of the day and finally closed the day’s trade in red ahead of the F&O expiry.  Next major trigger for the markets is the Q4 results which will start to come out from the middle of April. Also many are of the expectation that the RBI may start cutting rates in the month of April. Tomorrow (Mar 29) is the day of March F&O expiry and the volatility will be on the higher note.  On the sectoral front, there was selling in consumer durable, banking, PSU, realty and oil while minor gains were seen in healthcare and FMCG. Banking stocks gave up today on concerns that the bad loans may rise and will reflect in their upcoming Q4 results. Metal stocks were down as metal price fell on LME. 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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