Nifty weak

Equity benchmarks started the trade on a negative note following weak global cues. Indices continued to see volatility for third consecutive session. The Nifty has been in a range of 5500-5600 since last week

M&M, Maruti Suzuki, Axis Bank, HDFC Bank, SBI, PNB, Reliance Industries, ONGC, Ranbaxy Labs, TCS, Jaiprakash Associates, HUL and Infosys were dragging the markets down in early trade.

However, the buying in Reliance Communications, Ambuja Cements, Reliance Power and ITC has trimmed the losses to some extent. At 9:21 hours IST, the 30-share BSE Sensex was trading at 18,437, down 59 points and the 50-share NSE Nifty fell 21 points to 5,535.

Commodity Market

Beginning in the fall after the lead has been shopping. While in spot demand decreases turmeric futures declined by nearly 1.5 per cent. Bumper crop of wheat has come down from the minimum support price quotes. Also today, business is on the decline in soybean.

Today, Base Metals pack huge ups - and downs about 1 percent lead among businesses is up. At first view, lead to rise in London Metal Exchange also has accelerated the impact of the domestic market. Up nearly 1 percent on LME lead is around 2525 dollars per ton. In fact, demand in China is expected to grow. Last month, China's performance in most battery plants is at a standstill. It is believed to be started again as soon as these lead battery plants will increase demand. So despite the surge in LME stocks of lead to have gone up.

While nearly half per cent decline in cumin. The inward moving markets cumin prices are constantly falling down. Currently about 10,000 daily incoming getting the sack cumin. During the past month and nearly 10 percent decline in the price of cumin has. In the spot market has come down from Rs 13,000 cumin. Cumin this year yields declined even though its expressions are falling.

Experts advise investors to

Pepper (June Futures): Buy - 29 560, Steugpalugss - 29 090 and the target - 30 490

Mustard (June Futures): Buy - 2900, Steugpalugss - 2845 and target - 3245

Gold (August Futures): Buy - 22 730, Steugpalugss - 22 700 and the target - 22 875
Crude Oil (July Futures): Sell - 4425, Steugpalugss - 4437 and target - 4350

Nifty above 5550

Indian equity benchmarks were trading with moderate gains amid volatility, led by heavyweights Reliance Industries, Infosys and TCS, which gained 1-1.7%. The 50-share NSE Nifty was hovering at around 5550 level.
The index was trading at 5,555, up 23 points and the 30-share BSE Sensex gained 75 points at 18,496. Market breadth too turned in favour of advances - about 764 shares advanced as against 506 shares declined on National Stock Exchange.

Ramdev says.......

The yoga guru said that he suspects that the police would now edit the recordings made by the CCTV cameras installed at the ground in a bid to wipe out the evidence so that they escape action.

"We had put CCTV cameras in the camp, which recorded the events. If the police had not done anything wrong, why did they took away the footages forcibly. This is clear cut goondaism of the police.

"Our workers who had gone there have been embroiled in false cases under a conspiracy. The police will now edit the footage and then release after deleting portions so that no action follows against them," Ramdev said.

He alleged that the police lobbed hundreds of tear gas shells in a bid to suffocate him to death where he was hiding. Ramdev said there could be conspiracies to kill him by strangulating, burning the stage on which he was sitting and shooting him.

He said the government's argument that there was a threat of terrorist attack on him could be the fifth conspiracy to eliminate him and alleged that an e-mail has been "manufactured" by the government to make it convincing.

Nifty in narrow range

The Nifty was lacklustre in trade and was moving in a tight range of 5520-5545. Market could be waiting for some trigger to move on either side - may be RBI policy or any global event.

Heavyweights Reliance Industries, Infosys and TCS were supporting the market, with rising around 1%. Sun Pharma and Cipla continued their upside, with gaining nearly 2% each.

Tata Steel, ICICI Bank, SBI, HDFC Bank, Kotak Mahindra Bank, Bharti Airtel, DLF, M&M, JSPL, Grasim, Tata Motors, Reliance Infrastructure and Jaiprakash Associates were other gainers in trade.