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 Market dropped points in the last one and half hours of trade,
snapping last five straight days rally, the index closed the
session on the negative terrain.
 Today, Government has released its estimation over the
Growth rate of Country’s GDP for the current financial year.
The figure was lowered to 6.9% from the earlier estimation
due to poor performance from certain sectors.
 After the news release, the market started to witness sell off
in Realty, Capital Goods, power and Metal sectors stocks.
 Additionally, the weak global cues added fuel to the market
to move into negative terrain.

2.  Realty index lost 2.1%, dragged down by the
index heavy weight DLF selling off by
investors. The scrip plunged 2.66%.
 capital Goods index dropped 2.99%, marked as
the biggest underperformer in the Mumbai
market. BHEL plummeted 4.22%.
 However, the drop was limited by the buying
interest in oil&gas, Consumer durables,
Banking and FMCG sector stocks.
 Reliance Industries, the biggest gainer of the
day, logged 1.44% from the previous close.

3.  Mahindra and Mahindra scrip was down 2.88%
after the company reported a fall in net profit by
9.9% to Rs.662 cr for Dec qtr over a year
 Cadila Heathcare plunged 2.16%% to Rs.659.85
after the company posted a drop of 8% in its net
profit of Rs.149 cr in the December quarter
 Overall market breadth was negative. 1,425 shares
were advanced and 1,830 shares were declined and
142 shares were remained unchanged.
 Rupee tanked 15 paise to Rs.49.20 per dollar on the
interbank foreign exchange trade as sustained
dollar demand from gold and oil importers
depreciated rupee value in overseas

4.  Asian markets were plunged as the delay showed
by Greece politicians to close the deal for raising
bailout fund overshadowed market.
 Greece political leaders met creditors yesterday to
negotiate interest rate to be paid on new fund.
 Greece political leaders are meeting later in a day
to discuss austerity measures to protect the
economy from debt crisis.
 European shares were trading lower in ahead of
Greece political leaders meeting.
 International Monetary Fund has lowered China
GDP growth for the current year 8.25% from the
earlier forecast of 9% due to sluggish exports
growth in the economy.

5.  Dollar trades higher against the back drop of six major currencies in
overseas market. The currency paring its early loss in today’s
sessions.
 Dollar priced Commodities were fallen down as the strong dollar
looks the commodities to be expensive for foreign investors in
overseas.
 Gold was down $8 to $1,717 an ounce and Crude futures were
declined 68 cents to $96.22 per barrel in New york Mercantile
Exchange.
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