Mansukh Securities and Finance Ltd
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Morning Notes 12 July 2010
On Thursday, July 09 2010, The key benchmark indices
The BSE 30-share Sensex jumped 181.81 points or 1.03% at 17,833.54.
European shares rose, tracking gains on Wall Street on Thursday
Wall Street rose for a third straight day on Thursday,
surged for the
second straight day as expectations of strong Q1 June 2010 results, a recent upward revision
in India's GDP growth forecast by the International Monetary Fund and the stock market
regulator Securities & Exchange Board of India (Sebi)'s recent decision to cut exposure
margins on stock derivatives, boosted sentiments. Except the BSE FMCG index, all the other
sectoral indices on BSE were in green. The BSE 30-share Sensex jumped 181.81 points or
1.03%, off close to 25 points from the day's high. Metal, banking, auto and realty stocks rose.
Index heavyweight Reliance Industries ended almost unchanged after moving between
positive and negative zone during the day. From a recent low of 17,471.03 on 7 July 2010,
the BSE Sensex has jumped 362.51 points or 2.07% in two trading sessions. Coming back to
today's trade, NSE's volatility index India VIX, which is a gauge of traders' perception of
near-term risks in the market based on options prices, declined for the second day in a row.
The index shed 4.31% to 20.21.
The Sensex rose
205.85 points at the day's high of 17,857.58 in mid-afternoon trade. The index rose 16.12
points at the day's low of 17,667.85 in early trade. The S&P CNX Nifty rose 55.60 points or