(Sufin.Com) Relief rally on Tuesday .. .. ..

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Markets ended on positive note on Tuesday, a relief rally where Sensex was up by 94 points and Nifty by 26.05 points. These gains were just due to gains in IT stocks. Wipro, Tata Consultancy Services and Infosys Technologies were up over 1.5-2.0% each.

Even the cement companies are having strong demand with good numbers standing and outstanding prices, this sector has face huge price fall just due to increase in supply and with no demand on the other side. ACC, Ambuja Cements and Grasim Industries were up over 3% each and mine favorite India cement ended with the gains of Rs. 4 per Share. Comings days could be great for these sector companies.

The market breadth turned positive as 1,500 stocks endedwith gains against 1,302 that finished with losses on the BSE. It can be noted that, foreign institutional investors pulled out as much as Rs 935.55 crore from the markets
yesterday, while the domestic institutional investors pumped in Rs 381.07 crore on the same day, according to the data available with the exchanges.

Hathway Cable and Datacom, whose initial public offer in the price band of Rs 240-265 per share opened today, was subscribed 40% so far. The IPO closes Thursday.

And the losers list was topped by DLF which declined by 1.51 per cent, followed by Hindalco 1.40 per cent, M&M 1.07 per cent and HUL that shed 0.96 per cent.

However, total trading volume was relatively low by Rs. 179.03 crore at Rs 4,508.11 by comparing first day of the week.

Jubilant Foodworks remained hot spot with the highest turnover of Rs 329.20 crore for the continuous second day and few other stocks with great volumes:

• Tata Steel Rs 131.99 crore
• STC Rs 120.47 crore
• Infinite Computers Rs 112.26 crore
• Hind Copper Rs 95.46 crore

Any way when markets close on the positive note each and every one had good and great day and with a smile on it. It was great trading day, hope you must have enjoyed.

Happy Investing!!!

Sumit Jain

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