MARKET SUMMARY FOR 10 JUNE 2015

The market ended with style making some smart moves. The Sensex ended up 359 points or 1.4 percent at 26840, and the Nifty was up 102 points or 1.1 percent at 8119 and made a low of 8024 ,and bank nifty ended up by 1 percent at 17671 and made a low of 17511 . About 1705 shares advanced, 949 shares declined, and 151 shares were unchanged. BHEL was the top gainer on Sensex, up 4% and Wipro, Bajaj Auto, Reliance and L&T were also top gainers in the Sensex. 29 stocks on the Sensex ended the day in green. Sensex surged over 450 points in intraday trade after A relief rally after seven consecutive selling trading session was witnessed at the bourses on the back of short covering, lower level buying. Deferral of China’s shares into MSCI index, strong global cues and stronger rupee lifted the sentiment.

The market strengthened further in afternoon trade, supported by short covering in banking & financials, oil, technology and capital goods stocks. And Recovering from nearly 8-month lows, the benchmark BSE Sensex gained over 236 points in early trade today, snapping its 6-session losing streak, on the back of a rebound in blue-chip stocks following value buying and positive cues from other Asian markets.

The 30-share index, which had lost 1,367 points in the previous six straight sessions due to RBI's cautious stance on inflation. The market gained strength today after seven consecutive days of losing streak, supported by banking, oil, technology and capital goods stocks.FIIs were net sellers in equity for that last three days, but the 8000 mark in Nifty looks to have given a psychological reason for bargain hunting.Again, we ought to monitor the psychological support level around the 8000-mark for that if breached, on the downside, on high volume activity then the index is headed for a test of the major support area between 7948 and 7925. However, we need to see a decisive breakout above the zone between 8142 and 8212 to see any sustainable recovery.

TOP GAINERS AND LOSERS ARE:

Sectors	Change %	Top Gainer/losers Company
Capital Goods - Electrical Equipment	4.10 %	B H E L
Crude Oil & Natural Gas	3.29 %	Cairn India
Infrastructure Developers & Operators	2.35 %	Larsen & Toubro
IT - Software	2.13 %	Wipro
Entertainment	1.98 %	Zee Entertainmen
Automobile	1.49 %	Bajaj Auto
Cement	-0.23 %	ACC