Saturday, May 11, 2013

MARKET UPDATES

SHREE GANESHAY NAMAAH !
Nifty Weekly Range For The Week 13th May To 17th May  6000 -- 6215 ! Either Side Closing Will Give 80 Points More ! 
Last Week Update
Nifty Weekly Range For The Week 06th May To 11th May  5860 -- 6030 ! Either Side Closing Will Give 86 Points More ! High 6114.55 !
Stock With Volumes : 
Sensex, Nifty attain over two year high
Key benchmark indices settled slightly higher during a special trading session conducted by the stock exchanges today, 11 May 2013. The S&P BSE Sensex, was up 39.70 points or 0.2%, off close to 25 points from the day's high and up about 70 points from the day's low. The Sensex and the 50-unit CNX Nifty, both, attained their highest closing level in more than two years. The market breadth, indicating the overall health of the market, was strong. Index heavyweight and cigarette major ITC hit record high. Index heavyweight Reliance Industries (RIL) was slightly higher.
Pharma stocks rose on renewed buying. Pharma major Sun Pharmaceutical Industries rose 1.87% to Rs 952.70. The stock had scaled a record high of Rs 997.95 in intraday trade on 7 May 2013.
Among other pharma stocks, Cipla, Dr Reddy's Laboratories, Lupin, Ranbaxy Laboratories gained by 1.4% to 3.39%.
PSU OMCs rose after oil market companies hiked diesel prices by Rs 1.02 per litre, the fourth increase in rates this year. The prices will be effective from Saturday, 11 May 2013. HPCL, Indian Oil Corporation (IOCL) and BPCL rose by 0.64% to 1.15%.
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