MARKET SUMMARY – 5 JUNE 2012

The Sensex 30 and Nifty 50 ended marginally flat on the second consecutive day of trade. The Sensex 30 closed at 16020.64 points, up 32.24 points or 0.20 percent higher. The Sensex 30 touched an intraday high of 16138.29 points and a low of 15979.77 in day’s trade. The Nifty 50 closed at 4863.30 points or 15.15 points or 0.31 percent higher. The Nifty touched an intraday high of 4898.95 points with a low of 4847.70. today.

On the global markets,  Asian markets closed higher by almost 1 percent on average. Europe opened lower and is trading lower or flat in trades. PMI data of China, India and the Euro zone came out today.

Euro zone PMI declined for May but came in above expectations. India’s PMI data came in higher, while China inched marginally higher.

Fitch stated that Indian steel co’s would be affected in 2HY12 on account of rising costs of production while Morgan Stanley cut its forecast of India’s GDP to 5.7 percent for CY12.

Finally commodities ended in negative with WTI at USD 83.82 down -0.19% and Brent trading at USD 98.24 down –0.62%. Today’s weather remains a mixed bag with rain, snow and strong thunderstorms expected all day across the Northwestern parts of United States.

Kindly check the Market Summary tab for further information on stock-related data.

(Moneycontrol, Economic Times & Accueweather)

 

 

 



Categories: General News

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