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Market Today - Choppy
On expiry day market ended on negative side. Sensex lost 145 points and closed @ 13547 while the broader index NSE NIFTY shuts its shop down abt 50 points @ 4110. In Sept series BSE SENSEX lost about 3.6% and NSE Nifty lost 2.4% . Inflation came @ 12.14 % V/s a expectation of 12.23% . Crude is also expected to dip down tomorrow. In USA , president Mr. Bush called a emergency meeting on today to make a common consense on $700 billion bail out plan to help US ecomony to boost again.
Setorial
All BSE secorial index ended in RED except Auto Index , which ended in marginally green. Ranbaxy and Wipro are the worst performer on sensex closing down 5% each. While HDFC Bank and ONGC ended in Green due to fund buying on this counter , both stock ended green with 1.3% and 0.9% respectively. Suzlon was the top losser on BSE Group A stocks, down about 7.17% on the news of equity dilution and fund raising of Rs.1800 crs.
Turnover on 11th Sept , 2008
NSE Cash Rs.15311.01BSECash-Rs.5070.61Future Rs.82697.69
Arbitrage Opportunities NSE & BSE No Arbitrage activity found in any stock.
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CAlls & Strategy for September 26, 2008
We beleive that market on SEPT 26 will be highly influnced by outcome of US Govt bailout plans. In early trade , US market gained on the news of US Govt called meeting where they will discuss on $700 billion bailout. Inflation figure also came @ 12.14% against the market expectation of 12.23% and same as previous week as it was 12.14% also. Tomorrow Nifty may open around @ 4150 lelvls.. and then it can move towards North.
No Premarket calls for tomorrow.
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