Monday, February 22, 2010

Evening View Commodity DOW Nasdaq

Today Indian Market close positive flat because of own internal reason

Sebi ban 16 traders for trading in Share Market

Market regulator Securities and Exchange Board of India (SEBI) has uncovered a price rigging network and restrained 16 individuals from trading till further direction.SEBI said the accused, which include Hemlata Hankare, Rashmi Gandhi, Alpesh Shah, Hasmukh Jain and Kamlesh Jain, indulged in synchronised trades. Majority of the trading was done by firms India Capital Markets and Emkay Global, the regulator added.

Synchronised trading was carried out in the following scrips:

Asian Star, KSL, Mavens Biotech, Panoramic Universal, Allcargo, Rasi Electrodes, Sat Ind, Ushdev Int, Jaybharat Textiles, Lotus Eyes Care, MVL Industries, Anil Products and KBS Capital.

For that reason Indian Market lost all gains and also European Market open Flat negative also impact the sentiment

American Market may be open Flat positive or trade also very small range of both side take any direction after few hours ,

Commodity still looks more over bought

watch commodity - Nickel , Crude

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