It was a terrible week indeed on the dalal street last week. Finally the inflation figures came out and it now stands at 11.42%, thanks to the petrol price hike in the first week of June. It is now showing the impact on the inflation after close to 3 weeks. And it is expected to still go up in the coming weeks. The sensex crashed badly on the last trading session of the week and went below the psychological barrier of 14,000 and closed with a 13 month low figures of 13,802 down by 619 points or 4.30%. Nifty now stands at 4,136 down by 179 points or 4.33% from its previous close.

Coming to the weekly updates from the market: RBI raised some of the key interest rates like CRR and repo rate by 50 basis points to contain inflation. Lets see how these measures would impact the inflation figures in the coming days. Crude oil too made new highs of 143$/barrel. The US markets too are passing through rough waters currently.

Over all sensex lost 5.2% and Nifty lost 4.8% in the entire week. FIIs have pulled out close to 900 crores in the first four days of the last week taking their total pullout in the current year to 25,500 crores i.e.$4 billion + already. The worst sectors were : banking which lost 10%,realty lost 9.5%, auto sector lost 8.7% and capital goods lost 8.4% over the week.

In short term Nifty would trade around 4,090 levels which is a support level for it.Some analysts are even of the view that sensex may touch 12,000 levels in coming days.Well if the things improve and crude oil prices eases then there may be some upside movements also. Amdist mush volatility the Asian markets are are marginally up. But we can expect a gap down opening today in the markets.

Lets check out some intra day calls for today:  ING Vsyya Bank(cmp 225), HCL Infosystems(cmp 137),Hindustan zinc(cmp 532), Glenmark Pharma(cmp 626),Mind Tree(cmp 436),BASF India(cmp 264),Sasken (cmp 145),Tulip Telecom(cmp 1029).

Powered by MightyAdsense

Related posts:

1. Intra Day Calls For 20 June:Inflation Figures To Be Out Today
2. Weekly Stats Of The Share Markets And Intra Day Calls For June 16
3. Inflation At 11.3%,Markets Crash For Second Non Consecutive Day,Intra Day Calls For June 24
4. Inflation At 44 Months High:Touches 7.83%
5. Inflation Marches Ahead To 7.61%:Markets Lose 344 Points.
6. RBI Hikes Key Rates,Markets End Up Higher,Intra Day Calls For June 26