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Wednesday, 29 May 2013

Reflected weakness in the Share Market, wait for Investment

In domestic markets are trading with losses. Bank, consumer durables, capital goods and power stocks seems to be the weakness in the Indian markets. Although the pharma and IT stocks are seeing. Against the Giants are looking Midcap and Smallcap stocks. There are a mix of international signs for domestic markets.
The NSE Nifty 50-share tips key index shed 0.3 %, with 20 points, ie is trading at 6091 levels.

The market turnover Ranbaxy, Reliance Infra, JP Associates, Dr Reddy's, ACC, HDFC, HDFC Bank, Hindalco and heavyweight stocks such as Bharti Airtel is 2-1 %. However, Sun Pharma, HCL Tech, Infosys, TCS, Coal India, Hero Honda Motors giants such as 3.6 to 0.7 % growth in stocks is seeing.

In midcap space, AstraZeneca, IPCA Lab, Aban Offshore, such as Novartis India and KSK Energy stocks have gained the most from 9.4 to 2.5 %. However Jaypee Infra, Chennai Petro, Jagran Prakashan, amtek Auto and UCO Bank from 7.7 to 1.5 % in mid-cap stocks is looking weak.

The surge in international market and domestic market due to rupee depreciation has strong move in gold and silver. Comaks 0.5 % in gold and silver is seen at 0.7 %. However Naimaks slipped 0.2 % on crude oil is trading below $ 95 a barrel.

MCX Gold is currently around Rs 26,500 with a gain of 0.3 % is reached. While silver is trading 0.5 % higher at Rs 43 420. However MCX Crude oil slipped 0.5 % to Rs 5330 has arrived. Natural gas has dropped nearly 0.5 %.

0.4 to 0.1 % in the base metals on MCX is seeing. Copper is trading 0.1 % higher at Rs 412.25. Aluminum 0.4 %, 0.2 % nickel, 0.25 % lead and zinc also gained 0.25 %.

Here, NCDEX maize with nearly 2 % to Rs 1,335 is reached. At NCDEX coriander 1.5 % to Rs 6620 with osteoporosis has come. Cumin is also down 0.7 % to Rs 12,900.

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