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SHARE MARKET REVIEW
Nifty Updates On : 22-May-2012
Nifty Technical Levels : 23-May 2012
Stocks to buy : 23-May 2012
BSE SENSEX and NIFTY traded in a volatile session initially hours, tanked down later losing approximately 1 percent by each as Indian Rupee slipped to a new all time bottom of 55.35 down by 35 paise. Rupee has depreciated 24 percent since APRIL 2011 and 6 percent in previous one month. Although Global markets stayed positive even after FITCH downgraded JAPAN to A+ from AA. The falls were led by Banking, Auto and FMCG stocks as SBIN, ICICI BANK, MARUTI and ITC were the top losers while downside was limited by TCS, HCLTECH and TATAMOTORS.
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