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Share Market Technical Report Thursday 25 August 2011

The markets opened good but the indices didn't remain long in positive due to profit booking and the markets lost moderately today and IT, metal and banking were the worst performers of today's trade. As a result of this Indian stock markets ended the Aug Expiry on weak note. Food inflation rose to 9.80% in the year to Aug 13 in the previous week, annual food inflation stood at 9.03%. The European markets are trading in mix territory. The FTSE index is down by 14 points, DAX is up by 20 points and CAC index is up by 17 points. The Sensex closed at 16146 which is down by 139 points from its previous close. The Nifty settled at 4840 and down by 49 points. The CNX Midcap index lost 1% and the BSE Smallcap index also lost 0.8%. Today's Top Gainers were Ambuja Cements Ltd. with +2.90%, DLF Ltd. with +2.86%, Tata Motors Ltd. with +1.93%, Reliance Communication Ltd with +1.50%, Grasim Industries with +1.38%. Top Loosers were Jaiprakash Associates with -4.82%, Jindal Steel & Power with -4.56%, HCL Technologies with -3.84%, Hero Moto Corp with -3.19%, Infosys with -3.00%.


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