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Tuesday, August 30, 2011

Current Top 10 Live Intraday losers

SymbolOpen PriceHigh PriceLow PriceLTPPrev Close% ChangeTotal trd qty
RESURGERE0.350.350.300.300.35-14.2913958884
BIRLACOT0.400.400.350.350.40-12.505901018
SRGINFOTEC0.450.500.450.450.50-10.0019544
TODAYS5.905.904.955.005.55-9.9132662
VISESHINFO4.104.103.703.704.10-9.76234682
BODALCHEM18.6519.1016.6516.6518.45-9.76147656
GANGOTRI4.954.954.204.204.65-9.6852137
HYDROS&S23.0023.0018.2018.6520.60-9.471214
TELEMARINE0.550.650.550.550.60-8.33146765
LCCINFOTEC0.650.650.550.600.65-7.6954812

Stocks to Watch Today

Last Week's Quick Updates
Market drop 2%, rate sensitives weighMarkets declined 2% this week to 19-month lows as selling continued by foreign institutional investors over concerns that high inflation may prompt further tightening.

The markets commenced the weak on a positive note, but the relief rally was short lived and selling resumed as concerns of global growth slowdown and high inflation weighed on investors mind. The Nifty touched a high of 4,965 mid-week, but pared gains ahead of Federal Reserve Chairman, Ben Bernanke’s speech on Friday. The Nifty touched a low 4,720 and finally closed at 4,747, down 92 points. The Sensex slipped below 16K and closed at 15,848, down 298 points. Both the Sensex and Nifty declined 2%, to their fifth consecutive weekly loss.

The Sensex lost 293 points (1.81%) during the week to 15848.83. The Nifty dropped 98 points (2.02%) over the week to 4,747.80.

Recently, France announced budget cuts of 12 billion euros (USD 17 billion) of measures in 2011 and 2012 and said the euro region`s the second-largest economy will expand by 1.75% in each year. The cuts announced came in because of fears that the country is vulnerable to the Euro region debt crisis.

Economic NewsRBI has indicated that the Fed`s decision to keep interest rate near zero at least till mid-2013 and hinting of another dose of quantitative easing may keep the commodity prices elevated. In India the pass-through of the rise in crude prices till date has been incomplete and if crude stays at current level increase in prices of administered oil products will become necessary to contain subsidies. To sum up if Fed decides to come up with another round of bond purchases then it may lead to further firming up of inflationary pressures leading to more interest rate hikes especially in the emerging economies like India.

The inflation in India continues to remain in high. Recently food inflation accelerated to 9.8% percent as compared to a year earlier. In the previous week it was at 9.03%.

Sectors UpdatesTop losers were BSE Metal (5.29%) followed by Bankex (4.81%), Realty (4.01%), PSU (3.4%), Auto (1.7%), Oil & gas (1.61%), Power (1.49%), Consumer durables (1.06%), IT (0.38%), Healthcare (0.27%), and FMCG (0.15%). However BSE Teck gained marginally by 0.03%.

Stock of the Day

Tata Steel Limited 52 week low, 32% down from 03 months high

Today's Market Closing - Gainers

 All NSE Stocks

Updated – 30 August 2011
Company Name
Closing  Price
Previous Close
% Gain
Man Industries
145.60
124.50
16.95
State Bnk My
609.75
525.05
16.13
BharatiShipyard
104.45
90.75
15.10
Manappuram Fin
50.30
44.00
14.32
State Bnk Tr
679.55
601.00
13.07
Aarvee Denim
34.85
30.85
12.97
State B Bikaner
450.50
399.55
12.75
ICSA
76.45
67.85
12.68
MBL Infra
119.45
106.10
12.58
Bajaj Electric
194.60
174.70
11.39
Eimco Elecon
184.25
166.00
10.99
Relaxo Footwear
319.95
289.50
10.52
Glodyne Techno
306.85
278.40
10.22
Bannariamman
620.10
563.15
10.11
Infinite Comp
71.65
65.10
10.06
Kilitch Drugs
68.90
62.60
10.06
Sesa Goa
234.05
212.70
10.04
Avanti Feeds
56.60
51.45
10.01
California Soft
29.70
27.00
10.00
Great Offshore
148.40
135.70
9.36