1. MARKET WRAP
04.04.2012
Geojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 I
BSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012
2. Markets opened on a negative note tracking negative sentiments from
the global markets and moved in a sideways manner till noon. It further
slipped to finally close in red.
Sentiment turned negative in the second half of the day as investors
booked profits and reduced their positions ahead of the long holiday
starting from Thursday. Apart from that the growth in the services sector
slipped to a five month low in March as expectation of a blooming
business outlook faded.
In the sectoral front, there was selling in realty, metal, banking and auto
stocks while power and IT gained in a minor way. Power sector stocks
gained as Coal India has been send the Presidential decree to supply coal
to the power firms.
Market Wrap
Geojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 I
BSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012