'Confidence among foreign investors seems to be returning but what is important to note is that there are not many options left for foreign funds to invest,' said SMC Capitals equity head Jagannadham Thunuguntla.
The Sentinel May 21, 2009 Markets In Self Correcting Mode In Topsy Turvy TradeJagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
Yahoo News May 19, 2009 Markets In Self Correcting Mode In Topsy Turvy TradeJagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
Two Circles May 21, 2009 Markets In Self Correcting Mode In Topsy Turvy TradeJagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
Financial Chronicle May 19, 2009 Markets In Self Correcting Mode In Topsy Tur...Jagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
The Sentinel May 21, 2009 Markets In Self Correcting Mode In Topsy Turvy TradeJagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
Yahoo News May 19, 2009 Markets In Self Correcting Mode In Topsy Turvy TradeJagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
Two Circles May 21, 2009 Markets In Self Correcting Mode In Topsy Turvy TradeJagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
Financial Chronicle May 19, 2009 Markets In Self Correcting Mode In Topsy Tur...Jagannadham Thunuguntla
SMC Capitals Equity Head Jagannadham Thunuguntla said, "Today's market movement was more about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock level."
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
India E News Jan 15, 2009 Equity Markets Slump, Reversing Previous Days GainsJagannadham Thunuguntla
“A lot of good companies are currently at valuations that are too low and investors might not be ready to sell them off at such levels. This may have stemmed the loss,” said Jagannadham Thunuguntla, head of the capital markets arm and director of a major share brokerage firm, the New Delhi-based SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
India E News Jan 15, 2009 Equity Markets Slump, Reversing Previous Days GainsJagannadham Thunuguntla
“A lot of good companies are currently at valuations that are too low and investors might not be ready to sell them off at such levels. This may have stemmed the loss,” said Jagannadham Thunuguntla, head of the capital markets arm and director of a major share brokerage firm, the New Delhi-based SMC Group.
“The rise in the afternoon trade is mainly due to short-covering. I don’t think the pain is over yet, we would see markets falling further in the coming months,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
Nuestra cuarta tarea va a ir encaminada a realizar una búsqueda bibliográfica en la base de datos PubMed usando Medical Subject Headings (MeSH). Esta opción nos facilita la búsqueda siempre y cuando queramos buscar evidencia científica en la parte de las key words o palabras clave de los artículos indexados en PubMed. La presentación nos guía a través del proceso, explicando además la forma de trasladar las citas bibliográficas a Mendeley de una manera distinta: enviando los artículos seleccionados a través de un fichero. De igual manera aprenderemos cómo citar con Mendeley en formato Harvard y cómo buscar el texto completo de un artículo concreto en el catálogo Fama+ de la Biblioteca de Ciencias de la Salud de la Universidad de Sevilla.
Market snapped their three-day losing streak led
by the gains in financials, auto and index
heavyweight stocks like RIL and ITC. Firm
global cues, UK election results and government's
stance on MAT lifted market
sentiments.
India Server 31 Dec 2009 Sensex Closes With Biggest Annual Gain In 18 YearsJagannadham Thunuguntla
“The performance in 2009 surpassed the expectations of even the most optimistic person. There were not many places left for foreign funds to invest and India was among the few attractive destinations,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
The Tribune 31 Dec 2009 Sensex Closes With Biggest Annual Gain In 18 YearsJagannadham Thunuguntla
“The performance in 2009 surpassed the expectations of even the most optimistic person. There were not many places left for foreign funds to invest and India was among the few attractive destinations,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
Day gone by: Sensex hits double ton on RBI rate cut hopes...Nifty ends shy of 6K; manufacturing PMI at 16 month low. April Auto sales no negative. Bharti Airtel Q4 consolidated net dips 49%. Kotak Bank Q4 Net rises 47%
Benchmarks initiated trades in red amidst soft global cues. Markets remained choppy in tight range as investors remained on sidelines ahead of RBI policy meet. In late noon session, Indian indices managed to keep head above water to end in green. Among BSE sectorials, IT stocks strengthened on drop in Rupee against foreign currencies.
Despite pessimistic global cues, Indian indices spurted at open on reform bonanza. Government has opened the foreign direct investment (FDI) gates further in over a dozen sectors paving way to boost the ill economy. Benchmarks once tanked in late afternoon amid fall in European peers but soon recovered to end in positive zone.
After yesterday’s crash, Indian indices started gap up tracking global optimism. Benchmarks continued the uptrend as the day progressed and ended near day’s high levels with Sensex adding 233 points. Among BSE sectorials, IT sector topped the charts followed by FMCG.
“A lot of short positions were built up during the past few days and one possible explanation is that people today covered quite a few of these. Still, this rally came quite unexpected,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
“Markets are undergoing a technical correction but a lot of stocks are also very reasonably priced which would induce buying,” said Jagannadham Thunuguntla, head of the capital markets arm and director of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.
After having made 4 months high on Tuesday, the Sensex, tracking global cues, started gap down and extended the losses further as
the day progressed. In addition to Eurozone debt woes, profit warnings from U.S. tech companies renewed the global slowdown
concerns. Asian and European peers were exhibiting mixed trends. On the domestic front, the traders looked cautious ahead of the
result season amid reports of El Nino’s emergence in August. El Nino is usually associated with lower rainfall. Intense profit
booking caused the markets to shed 0.73% of its value with the Nifty closing just above 5300.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.
Scottrade May 21, 2009 Foreign Funds Investment Crosses $3 Bn Mark
1. Tuesday, 19 May 2009
Markets In Self-Correcting Mode In Topsy-Turvy Trade
Wipro and Infosys came in the way of another burst in the markets on Tuesday as the BSE benchmark
Sensex swung 1,096 points before ending the day with a small gain of 17.82 points from its previous
close.
Though strong trends in global markets bolstered sentiment, investors preferred to book profits at higher
levels, helping facilitate intra-day corrections after a huge gain yesterday of 2,110.79 points or 17.34 per
cent.
The Bombay Stock Exchange 30-share barometer ended the day at 14,302.03, marginally up 17.82
points or 0.12 per cent from its previous close.
The National Stock Exchange's 50-share Nifty eased by 4.70 points or 0.11 per cent to close at 4,318.45
from its last close.
The initial rally was snapped by information technology shares, following a sharp appreciation in the
Indian rupee against the dollar. Over 50 per cent of the country's software export revenue comes from the
US markets.
SMC Capitals Equity Head Jagannadham Thunuguntla said, quot;Today's market movement was more
about volatility and volume. Traders came with a vengeance as they did not get a chance to participate in
yesterday's rally. Though the market is appearing to be stable, there is huge difference in terms of stock
level.quot;
The Sensex swung between 14,930.54 and 13,834.13. Infosys Technologies dropped 11.65 per cent to
Rs 1,563.75, Wipro 9.13 per cent to Rs 385.90, Reliance Industries 5.25 per cent to Rs 2,235.40, ITC Ltd
5.63 per cent to Rs 190.40, Ranbaxy Lab 6.40 per cent to Rs 209.75, Tata Consultancy Services by 8.15
per cent to Rs 672.15 and Hindalco 4.14 per cent to Rs 77.55.
Brokers said foreign institutional investors (FIIs) were heavy buyers during the day while local operators
unloaded positions built up last week.
Realty, bank and capital goods stocks recorded massive gains but healthcare and FMCG shares fell
sharply, apart from IT.
The realty major DLF was the day's biggest gainer with a gain of 19.36 per cent on hopes that political
stability will attract fresh capital inflows into the sector.
Other major gainers included SBI (11.19 per cent), REL Com (10.54 per cent), Grasim (9.50 per cent),
Mahindra & Mahindra (9.03 per cent), L&T (8.82 per cent), Maruti Udyog (7.76 per cent), ICICI Bank (7.35
per cent) and ACC (6.61 per cent).
Asian indices ended higher by about 1.0 to 4.0 per cent.
The total business volume spurted to Rs 11,781.35 crore. DLF clocked the highest turnover of Rs 897.37
2. crore, followed by Reliance Capital (Rs 580.14 crore), ICICI Bank (Rs 537.55 crore), RIL (505.00 crore)
and SBI (Rs 473.97 crore).