STOCK MARKET CLOSING : 3RD MAY 2012

BSE SENSEX and NIFTY ended with weak notes at 5188 continued its fall ahead of previous session as markets traded more on global sentiments. India Rupee depreciated to 53.45 hitting a fresh four month low against the DOLLAR before Reserve Bank of India intervened yet again to stem the falls. DOLLAR is pushed up by OIL Importers and foreign banks as they made purchases on USD/INR pair. RBI sold DOLLARS in foreign exchange market at around 53.45 Rupee levels hitting an intraday high of 53.4550. Markets were tanked down by Banking and Auto stocks as banking major AXIS BANK, BANK OF BARODA and Auto giant MARUTI, HEROMOTO and BAJAJ AUTO ended in red. HEROMOTO lost 8% after lower than expected Quarterly numbers, While ASIANPAINT, TCS and WIPRO capped the fall.

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