Saturday, June 30, 2012
Key benchmark indices surged after European Union (EU) leaders agreed on a growth and bank recapitalization plan for Europe which is designed to alleviate the worst of the current debt crisis gripping euro-zone. The market sentiment also improved after the government said Prime Minister Dr. Manmohan Singh who took charge of the finance ministry on Wednesday, 27 June 2012, is chalking out plan for the country's economic revival. The barometer index, BSE Sensex, regained psychological 17,000 level. The Sensex gained in four out of five trading sessions of the week that ended on Friday, 29 June 2012. The Sensex and the Nifty gained for the fourth week in a row. Volatility was high during the week as traders rolled over positions from June 2012 series to July 2012 series. The June 2012 derivatives contracts expired on Thursday, 28 June 2012.
Key benchmark indices jumped on the last trading session of the month after European Union (EU) leaders agreed on a growth and bank recapitalization plan for Europe which is designed to alleviate the worst of the debt crisis gripping euro-zone. The barometer index, BSE Sensex, surged past the psychological 17,000 level. The Sensex attained its highest closing level in more than 10 week. The 50-unit S&P CNX Nifty attained its highest closing level in 10-weeks. The Sensex jumped 439.22 points or 2.59%, up 295.37 points from the day's low and off 18.50 points from the day's high. The market breadth was strong. All the 13 sectoral indices on BSE were in the green. Index heavyweight Reliance Industries advanced. The Sensex jumped 1,211.45 points or 7.46% in June 2012 (till 29 June 2012). The barometer index has gained 1,975.06 points or 12.77% in calendar 2012 so far (till 29 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,294.12 points or 15.15%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 1,701.72 points or 8.89%.