SHARESPEDIA STOCK /COMMODITY SERVICES

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Monday, 11 June 2012

MARKET TREND TODAY 11 JUNE 2012


MARKET TREND

INDIAN FACE       
1.  BSE SENSEX and NIFTY traded lower on FRIDAY, rebounded smartly in last trading hour ended with 0.42 percent and 0.37 percent respectively. Indian markets recovered almost 5 percent this week resulting highest ever weekly gain in 2012.
2. Markets got the momentum as positive opening of European markets, and appreciating rupee along with short covering fuelled the rally. Indian rupee recovered by 25 paise at 55.44 against the DOLLAR from day’s low 55.69.

3. Investors also eyed the Reserve Bank of India’s credit policy schedule to be announced on 18TH JUNE.
GLOBAL FACE
1.   Asian stock markets traded lower on the session as in spite of China’s rate cut U.S. Federal Reserve chairman BEN BERNANKE’S neutral statement over weighted the sentiments. Japan’s NIKKEI slipped 2 percent ended at 8459.


2.  European stock markets traded in red as hope over the fresh burst of U.S. economy stimulus faded. Markets tanked down as banking and mining stocks led the rally towards downside. FTSE, DAX and CAC traded 1.53%, 1.57% and 1.13% up respectively.


3.  U.S. Stock index futures traded negative over the faded U.S. stimulus hopes revived the Euro Zone crises. Investors further disappointed as Fed plans to force banks to hold greater capital reserve.

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