NIFTY UPDATES ~ Intraday Share Tips for Today 05 April 2013

ECONOMY ANALYSIS:

• NALCO has aligned price in-line with global trend: BL Bagra 
• Nifty may drift to 5400-5250; stick to defensives
• DLF to sale wind biz for Rs 300cr; stock down 
• RIL parks over Rs 800 cr in Anil-led Reliance Group MFs 
• Hexaware hopes to get 19-20% EBITDA by 2013-end
• Late FII selling on Wed triggers outflow concerns

MARKET ANALYSIS:

• The Nifty corrected sharply for second straight session and closed below 200-DMA as foreign institutional investors and ETFs were seen unwinding long positions ahead of the fourth quarter earnings season. The index plunged over 1.7 per cent, its biggest percentage loss since February 28. 
• The 50-share index ended at 5,573.10, down 99.80 points or 1.76 per cent. It touched a high of 5,644.45 and a low of 5,565.65 in trade today. 
• The S&P BSE Sensex closed at 18,485.78, down 315.86 points or 1.68 per cent. It touched a high of 18,733.62 and a low of 18,473.85 in trade today. 
• The S&P BSE Midcap Index was down 1.87 per cent and the S&P BSE Smallcap Index fell 2.04 per cent. 
• Among the sectoral indices, the S&P BSE Realty Index fell 3.45 per cent, the S&P BSE IT Index was 2.56 per cent lower, the S&P BSE Bankex declined 2.04 per cent and the S&P BSE Metal Index was 1.95 per cent lower.