1. MARKET WRAP
01.06.2012
Geojit 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 I
BSE: 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. The markets opened on a negative note and moved sideways to negative
in the morning. The second part of the day saw drastic selling pressure
which pulled the market further down. The markets finally closed below
4850 in the case of Nifty and below 16000 in the case of Sensex.
Indian trade deficit narrowed to -13.5 billion against -13.9 billion. The
Prime Minister approved the setting up of an investment tracking system
to ensure speedy implementation of large investment projects, which is
considered a positive move.
On the sectoral front, there was selling in capital goods, power, auto, oil
and IT while minor buying was seen in defensive FMCG sector. Hotel
stock fell as govt on Thursday announced austerity steps. Metal stocks fell
as metal price fell on LME.
Market Wrap
Geojit 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 I
BSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012