Friday, June 08, 2012

Indian Stock Market Trend & Tips For Monday, 11th June 2012

The Indian Stock Market rebounded smartly in last trading session on Friday. The Nifty was up from 4.7% and Sensex with 5%. Now Investors are looking for next week big events like Industrial output data, Inflation for May month and globally the Greece elections. Today The Sensex recovered 243 points with intraday low of 16,485.02 before closed up 69.82 points at 16,718.87 while Nifty rebounded from intraday low of 4994.80 which ended up 18.70 points at 5,068.35.
The main reason behind market bounce back were recovery in European markets and Indian rupee and the short coverings.
The BSE Bankex up 8% this week while SBI rose 0.56% while HDFC bank went up -.2%, Kotak Mahindra and PNB gained from 1.5-2%.
Top Nifty Gainers during week
Reliance Infra, L&T, JP Associates and IDFC
Top Nifty Loser during week
Dr. Reddy's, Ranbaxy