Mansukh Securities and Finance Ltd
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: firstname.lastname@example.org
SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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Morning Notes 16 AUG,10
On Friday Aug 13 2010,
As per provisional figures, the BSE 30-share Sensex was up
European shares turned negative, reversing initial gains on Friday
Shares of MakeMyTrip soared 89% on Thursday,
Euro zone gross domestic product grew at its fastest pace
Profit taking ahead of the weekend pulled the
key benchmark indices off the days' highs. The BSE 30-share Sensex was provisionally up
95.96 points or 0.53%, off close to 90 points from the day's high and up close to 120 points
from the day's low. European stocks reversed initial gains and US index futures pared gains.
Index heavyweight Reliance Industries (RIL) came off the higher level. The market breadth
was positive, weakening from a strong breadth earlier in the day. Realty, IT, banking and
consumer durables stocks rose. Shares of India's largest commercial bank State Bank of
India (SBI) hit a record high above Rs 2,800, extending Thursday's near 7% post-result rally
after the parliament approved a bill on Thursday enabling the government to reduce its
holding in State Bank of India to 51% and help it raise capital.
95.96 points or 0.53% to
18,169.86. At the day's high of 18,260.39 hit in afternoon trade the index rose 186.49 points.
The index fell 23.48 points at the day's low of 18,050.42 in early trade. The S&P CNX Nifty
was up 37.20 points or 0.69% to 5453.65 as per provisional figures. The BSE Mid-Cap index
was up 1%. The Small-Cap index rose 0.63%. Both these indices outperformed the Sensex.