09 - June - 2005

The BSE Sensex closed at 6,833 (down 26 points) and the NSE Nifty closed at 2,103 (down by 9 points). The June futuresclosed the day at 2082. The rupee was trading at 43.54 to the dollar. The market did not show any major signs of weakness until the last hour of trade.

A strong wave of profit booking emerged in the final hour and pushed the markets down.
It was time for some breather for the markets today as they traded in a rather narrow range. Markets are keeping a close eye on the progress of monsoons, which could play a crucial role in determining investor sentiments in the near term.

Software stocks which had a dream run yesterday also had a bad day today with the key losers being Infosys (3%), Satyam (3%), TCS (1%), HCL tech (1%) and Wipro (1%).
Reliance Energy (REL) has chalked out major investment plans in the power sector. The first signs of an amicable settlement between the two warring Ambani brothers came into the fore as Reliance Industries (RIL) has agreed to supply gas to the proposed 3,740 MW power project of REL at Dadri.

Top Gainers

HLL 147.20 3.33%
M&M 534.15 2.66%
L&T 1,132.95 2.55%
HINDALCO 1,140.00 2.02%
HDFC 836.10 1.15%

Top Losers

INFOSYS 2,234.00 -2.71%
SATYAM 459.75 -2.69%
COLGATE 233.50 -2.01%
SUN PHARMA 545.00 -1.84%
ONGC 906.05 -1.71%

--->END OF DAILY UPDATE : 09-JUNE-2005