Market Pearl

The BSE Sensex touched a high and a low of 19,694.29 and 19,554.31, respectively. The BSE Mid cap index up by 1.17% and Small cap index was up by 0.96%. The top gainers on the Sensex were, Tata Steel up by 3.58%, Hindalco up by 3.52%, TCS up by 3.25%, Reliance up by 2.53% and Hero Motocorp up by 2.32%, while ONGC down by 1.67%, NTPC down 1.48%, ITC down 1.35%, HDFC Bank down 0.91% and Coal India down by 0.79% were the top losers on the index. The CNX Nifty touched a high and a low of 5,976.50 and 5,928.45 respectively. The top gainers on the Nifty were Hindalco up by 3.72%, Tata Steel up 3.63%, Asian Paints up 3.30%, TCS up 3.28% and NMDC up by 2.77%.

Sell VIP Indus. At - 63.20 for Target - 62.40, 61.10 SL - 64.80 Hold for Tomorrow

Gold fell 0.5 percent to $1,469.46 an ounce by 0931 GMT. U.S. gold futures for June delivery were down 0.2 percent to $1,469.50 an ounce. The dollar eased against a basket of main currencies as investors warily awaited the outcome of the U.S. Federal Reserve's policy meeting, while expectations the European Central Bank will cut interest rates on Thursday capped the euro. Accommodative policy is generally seen as supportive for gold, because printing of money tends to be inflationary, but traders noted that inflation readings have been lower recently. Gold is slightly move on down side and seems to touch level of 25500 very soon.