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Research Reports

F&O Report
End of day derivatives commentary
Markets correct sharply
Published on Fri Apr 13, 2012 at 05:07 PM
Markets correct sharply

Indian markets tried to stay moderately higher in the first half of trade on Friday led by support from every sector barring IT. IT stocks were weak on the back of Infosys quarterly nos. and guidance.

However, news of sharp increase in borrowings by Spain from ECB in March and China's slowest GDP growth since the first quarter of 2009 dampened the sentiment quite badly in the second half of trade.

Expectations of India's rising trade deficit in FY12 added fuel to the fire.
The Nifty April Fut closed 79.65pts or 1.51% lower at 5211.0. The Nifty Apr Fut premium narrowed to 3.55pts from 6.25pts in the previous session.

The biggest gainers in the F&O segment were JSW Steel, Fortis, GE Shipping and Lupin. The biggest losers were Infy, TCS, India infoline, Max and DCB. The most active stock fut contracts were of Infy, SBI, ICICI Bank and JSW Steel.
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