• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Udayan's comments

May 28, 2012, 08.17 AM | Source: CNBC-TV18

Nifty can deal with unlikely LPG, diesel price hike: Udayan

It was a quiet day for the market. It started of quite weak because of the tinge of disappointment after all the expectations yesterday on the fuel price front but then the market came to grips with the fact that any meeting on a diesel price hike was differed.

Like this story, share it with millions of investors on M3

Nifty can deal with unlikely LPG, diesel price hike: Udayan

It was a quiet day for the market. It started of quite weak because of the tinge of disappointment after all the expectations yesterday on the fuel price front but then the market came to grips with the fact that any meeting on a diesel price hike was differed.

Post Your Comments

Share Cancel

Udayan Mukherjee (more)

Consulting Editor, CNBC-TV18 |

It was a quiet day for the market. It started of quite weak because of the tinge of disappointment after all the expectations yesterday on the fuel price front but then the market came to grips with the fact that any meeting on a diesel price hike was differed.

It started off a bit soft, went below 4,900 and then recovered in the second half for the session as Europe started off really well and those cues along with the fact that the rupee strengthened today and by quite a margin. Both those factors led to stability in the market, which closed finally flat for the week.

Also Read - GDP, rupee, inflation, petrol: Is Nifty in for a knockout?

Today’s winners were the metal stocks which have had a rough week but they came back and names like Jaiprakash Associates and SBI also did well. Maruti had a bad ride today and some stocks like Bank of Baroda were not very strong.

Midcaps were largely okay; in fact midcaps did better than the largecaps today. Voltas was the star with a big double digit percentage point rally because of the surprise in its result on the margin front. Then names like Sintex Industries, Lanco Infra, Praj Industries, Jubilant Foodwords, United Spirits and Jain Irrigation did quite well too.

Crompton Greaves disappointed with its results and therefore the stock came off. Expectations were not high but margins collapsed quite a bit and power systems remain a problem. Mahindra Satyam, Ashok Leyland and Jet Airways were other names which did not do very well.

The rupee started the day at 56 plus but then pulled back quite considerably during the course of the day. So in the last couple of days at least there has been some stability and even strength in the beaten down currency.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Nifty can deal with unlikely LPG, diesel price hike: Udayan

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login