The key benchmark indices pared gains after hitting their highest level in more than a month as investors cashed on gains. The BSE 30-share Sensex was up 96.29 points or 0.56%, off close to 65 points from the day's high and up close to 100 points from the day's low. The Sensex and the 50-unit S&P CNX Nifty today, 25 November 2009, struck their highest levels in more than a month.
Index heavyweight Reliance Industries pared gains. The stock rose today after the firm reopened retail fuel outlets. Auto and metal stocks gained. But realty stocks fell. The market breadth was positive, easing from a strong breadth in early trade.
The market recovered after falling into the red for a brief period in early trade. The market extended gains later. The market pared gains after hitting a one-month high in afternoon trade. Market pared gains from the day's high in mid-afternoon trade. The market may remain volatile over the next two days traders roll over positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry of the near-month November
2009 contracts on Thursday, 26 November 2009.
Rollover in Nifty futures was about 54% at the end of Tuesday's (24 November 2009) trading. Rollover in Min Nifty futures was about 33%. The market wide rollover was about 48%. In individual stocks, Hindustan Unilever, Maruti Suzuki, Power Grid Corporation, Reliance Power and Bharat Heavy Electricals (Bhel), have witnessed high rollover
No comments:
Post a Comment