The Indian stock market indices declined slightly, with the Sensex closing down 30 points and the Nifty down 11 points. Public sector stocks declined significantly, dragging down the broader market, with the PSU bank index down over 3% and the PSU index down nearly 2%. Two public sector companies, GAIL and BHEL, were granted greater autonomy but their stock prices still declined. Several major companies reported quarterly earnings results, with Bank of Baroda, Indian Bank, and MCX reporting lower profits.
Markets began new F&O series on negative note. Following a marginal positive start tracking mixed global cues, markets hovered in positive territory for a while before moving southwards on slowdown worries and disappointing earnings from stalwarts like Bharti Airtel and BHEL. Sensex lost over 100 points to close the day while Nifty closed below psychological 6000.
Markets continue to trade volatile ahead of Q3 earnings season. After starting in green, the benchmarks changed directions several times before ending in red. Nifty ended below 6K and plunged 0.5% at the close.
Markets end flat. Cautiousness persists ahead of F&O expiry, Railway Budget & Union Budget. stocks from midcap pack crash. Stocks of banking aspirants surge http://lnkd.in/J92z9V
Continuing with yesterday’s momentum, markets began on buoyant note tracking global cues. Markets worldwide are exhibiting optimism following passage of the “fiscal cliff” deal by U.S. Congress. The deal will trigger higher taxes for wealthy Americans instead of across the board taxes and spending cuts to the tune of over 600 billion US dollars. Nifty surpassed 6000 for the first time in two years before settling at 5993 levels. Sensex ended above 19700.
Following a positive start tracking positive global cues on US earnings optimism and better than expected Chinese economic data, markets crossed yesterday’s close mark several times before ending flat. Traders are acting with caution ahead of Infosys dec quarter (DQ) result and IIP data.
On the day of the RBI monetary policy announcement, markets were seen volatile for the whole day. Indian equity benchmarks made an opening in the red zone with Sensex below 20100. In the late morning deals, markets spurted after RBI slashed CRR and Repo rate both by 25 bps each. Sensex and Nifty touched a fresh 52 week high at 20203.66 and 6111.80 respectively. Markets again dipped in negative territory In the afternoon session on profit booking and finally closed near the day’s low. Sensex closed below 20K. Rate sensitive sectoral indices Realty, Auto and Bankex closed in red amid choppiness.
Markets gain for third straight day in 2013; Nifty reclaims 6000 after two years. Continuing with the uptrend, markets closed the day in green following a range bound pattern. Nifty closed above 6000 for the first time in 2 years. Sensex also ended above 19750.
Markets began new F&O series on negative note. Following a marginal positive start tracking mixed global cues, markets hovered in positive territory for a while before moving southwards on slowdown worries and disappointing earnings from stalwarts like Bharti Airtel and BHEL. Sensex lost over 100 points to close the day while Nifty closed below psychological 6000.
Markets continue to trade volatile ahead of Q3 earnings season. After starting in green, the benchmarks changed directions several times before ending in red. Nifty ended below 6K and plunged 0.5% at the close.
Markets end flat. Cautiousness persists ahead of F&O expiry, Railway Budget & Union Budget. stocks from midcap pack crash. Stocks of banking aspirants surge http://lnkd.in/J92z9V
Continuing with yesterday’s momentum, markets began on buoyant note tracking global cues. Markets worldwide are exhibiting optimism following passage of the “fiscal cliff” deal by U.S. Congress. The deal will trigger higher taxes for wealthy Americans instead of across the board taxes and spending cuts to the tune of over 600 billion US dollars. Nifty surpassed 6000 for the first time in two years before settling at 5993 levels. Sensex ended above 19700.
Following a positive start tracking positive global cues on US earnings optimism and better than expected Chinese economic data, markets crossed yesterday’s close mark several times before ending flat. Traders are acting with caution ahead of Infosys dec quarter (DQ) result and IIP data.
On the day of the RBI monetary policy announcement, markets were seen volatile for the whole day. Indian equity benchmarks made an opening in the red zone with Sensex below 20100. In the late morning deals, markets spurted after RBI slashed CRR and Repo rate both by 25 bps each. Sensex and Nifty touched a fresh 52 week high at 20203.66 and 6111.80 respectively. Markets again dipped in negative territory In the afternoon session on profit booking and finally closed near the day’s low. Sensex closed below 20K. Rate sensitive sectoral indices Realty, Auto and Bankex closed in red amid choppiness.
Markets gain for third straight day in 2013; Nifty reclaims 6000 after two years. Continuing with the uptrend, markets closed the day in green following a range bound pattern. Nifty closed above 6000 for the first time in 2 years. Sensex also ended above 19750.
Following a slightly positive opening on the back of positive U.S. economic data, markets turned negative during the late morning/afternoon sessions depicting cautionary stance ahead of Q3 earnings season beginning this week. Snapping four day winning streak Nifty and Sensex shed about 0.46% of their respective values to close the day. Nifty closed below 6K while Sensex ended below 19700. Most of the Asian and European benchmarks also depicted negative trends.
Following yesterday’s over 100 point fall, Sensex opened positive in morning deals and remained range bound till afternoon. It took off since then on rate cut hopes and strong Q3 showing by Maruti Suzuki and Reliance Power, and scored a double ton to end above 20100. Nifty gained 0.92% to close the day at around 6075. Rate sensitive sectors Realty, Auto and Banks were the major architects of today’s strong rally.
Markets were seen trading volatile for the whole day. Starting flat, the key benchmarks traveled and stayed in negative territory through most of the day before returning back to trade in green territory towards the end. Markets closed near day's high levels, with Nifty just managing to hold the 6000 mark.
Amid bouts of volatility, markets ended in green, with marginal gains though, for fourth straight session in CY2013. Metals sector was the top loser on BSE sectorial indices while Oil & Gas sector continued to top on diesel price hike hopes. Denoting strong expansion of services sector, HSBC Services PMI jumped to three months high in Decmber 2012 at 55.6 in comparision to 52.1 in the previous month.
Following a gap up start on firm global cues, markets dipped in late morning session and again took off since then to close in green with handsome gains. Positive U.S. economic data & Fed chairman Ben Bernanke’s statement evincing support to stimulus program buoyed sentiments globally including India. Additionally, sentiments got further boost after Economic Survey 2013 projected a higher growth and lower inflation for fiscal 2013-14. Nifty closed just below 5800.
After a flat opening, good quarterly show by front-line Indian stocks drove the markets to close in green on F&O expiry day. M&M, HDFC and Sterlite gained on Sensex primarily due to robust quarterly numbers. Hero Motocorp on the other end recovered from losses made in previous session after disastrous Q2 show. Nifty ended just above 5700.
Driven by sluggish global cues and profit booking the markets end in red on F&O expiry day. Sensex lost over 100 points to end below 19900. Realty & PSU stocks led the gainers with related indices gaining over 1% each. On the other end, despite good quarterly results by the banking players, the bankex was the top loser among BSE sectorial indices.
After yesterday’s massacre, some happiness returned on D-street as key benchmarks rose in the late morning deals despite mixed global cues. Finance Ministry’s clarification on validity of Tax Residency Certificate (TRC) provided the needed impetus to bounce back from yesterday’s lows. Finance Minister’s announcement on TRC during budget speech had earlier confused the foreign investors. Markets continued to trade in positive before closing in green with trimmed gains. Nifty gained 0.47% to close above 5700. Sensex gained 57 points to close above 18900.
After opening in green markets dipped on profit booking. It continued to trade in red mark for rest of the day. European markets opened marginally up but could not influence Indian indices to move in positive terrain. Markets closed in red.
Markets opened marginally up on the back of strong global cues with BSE Sensex above 19200. After touching day's low in the morning session, markets continued to trade in positive teritory even though GDP slowed down to 5.3% in July-Sept quarter.
Jindal Steel and Power was the top gainer on Sensex and Nifty. Markets closed extending the gains after finance minister P Chidambaram proposed to set up a National Investment Board (NIB) for monitoring and advising the ministers for the projects exceeding Rs 1000 crore.
Following a gap up start tracking positive global cues, markets surrendered the early gains and edged lower as the session progressed on budget disappointments and F&O expiry. Nifty lost a ton to close below 5700. Sensex also thrashed by 291 points to close at CY2013's lowest level. Amid secular sell-offs, power sector suffered the heaviest blow as BSE Power crashed 4.29%.
Indian Equity Benchmarks opened below the previous close and continued to trade in dull session during the day. In late afternoon trade, markets recovered some losses and traded flat before plunging again towards the end to close in red. Nifty ended below 5900.Asian markets mostly ended lower ahead of G20 meet of the finance ministers and officials to assess health of global economy. European indices were also trading lower.Back home, the market breadth on the BSE closed in negative. Advancing and declining stocks were 1188 and 1719 respectively, while 130 scrips remained unmoved.
Following a muted start, Indian equity indices tanked in morning deals on Cobrapost expose of alleged money laundering scam by private sector banks HDFC Bank, ICICI Bank and Axis Bank. Markets recovered steadily thereafter despite February inflation data coming higher than expected. Rate sensitive counters fueled a smart rally as lower than expected core inflation data renewed the rate cut hopes. Sensex scored a double ton to move 1% up at the close.
Indian markets snapped their losing momentum despite disappointing IIP & retail inflation numbers and below estimates Dec Quarter result from heavyweights like SAIL & Oil India. Sensex gained 100 points to end the eight day losing streak. Oil & Gas was the top performing sectorial index driven primarily by above estimated Q3 numbers from ONGC. Dec IIP (Index of industrial production) shockingly contracted 0.6% Vs 0.1% contraction in Nov-2012 while retail inflation as measured by the consumer prices index (CPI) rose 10.79% in Jan-2013 Vs 10.56% in Dec-2012.
After yesterday’s carnage, Indian equity indices started on a flat note today and crossed the previous closing mark several times before ending flat with negative bias. Telecom and Realty sector stocks were among the gainers in otherwise choppy and bearish session.
Following a moderately positive start, the markets did not look back and went higher and higher as the day progressed on lower than anticipated Dec WPI data and GAAR implementation deferral by another two years. Sensex crossed 19900 after cracking a marvelous double century while Nifty reclaimed the crucial 6000 levels. Rate Sensitive sectorial indices Realty, Bankex and Capital Goods indices rallied by 5%, 1.1% and 1.2% respectively. IT and Teck continued their rally post stunning Q3 show by Infosys. Among individual stocks DLF (shot up 7.27%) and ONGC (up 4.4%) led the Nifty pack.
Following a slightly positive opening on the back of positive U.S. economic data, markets turned negative during the late morning/afternoon sessions depicting cautionary stance ahead of Q3 earnings season beginning this week. Snapping four day winning streak Nifty and Sensex shed about 0.46% of their respective values to close the day. Nifty closed below 6K while Sensex ended below 19700. Most of the Asian and European benchmarks also depicted negative trends.
Following yesterday’s over 100 point fall, Sensex opened positive in morning deals and remained range bound till afternoon. It took off since then on rate cut hopes and strong Q3 showing by Maruti Suzuki and Reliance Power, and scored a double ton to end above 20100. Nifty gained 0.92% to close the day at around 6075. Rate sensitive sectors Realty, Auto and Banks were the major architects of today’s strong rally.
Markets were seen trading volatile for the whole day. Starting flat, the key benchmarks traveled and stayed in negative territory through most of the day before returning back to trade in green territory towards the end. Markets closed near day's high levels, with Nifty just managing to hold the 6000 mark.
Amid bouts of volatility, markets ended in green, with marginal gains though, for fourth straight session in CY2013. Metals sector was the top loser on BSE sectorial indices while Oil & Gas sector continued to top on diesel price hike hopes. Denoting strong expansion of services sector, HSBC Services PMI jumped to three months high in Decmber 2012 at 55.6 in comparision to 52.1 in the previous month.
Following a gap up start on firm global cues, markets dipped in late morning session and again took off since then to close in green with handsome gains. Positive U.S. economic data & Fed chairman Ben Bernanke’s statement evincing support to stimulus program buoyed sentiments globally including India. Additionally, sentiments got further boost after Economic Survey 2013 projected a higher growth and lower inflation for fiscal 2013-14. Nifty closed just below 5800.
After a flat opening, good quarterly show by front-line Indian stocks drove the markets to close in green on F&O expiry day. M&M, HDFC and Sterlite gained on Sensex primarily due to robust quarterly numbers. Hero Motocorp on the other end recovered from losses made in previous session after disastrous Q2 show. Nifty ended just above 5700.
Driven by sluggish global cues and profit booking the markets end in red on F&O expiry day. Sensex lost over 100 points to end below 19900. Realty & PSU stocks led the gainers with related indices gaining over 1% each. On the other end, despite good quarterly results by the banking players, the bankex was the top loser among BSE sectorial indices.
After yesterday’s massacre, some happiness returned on D-street as key benchmarks rose in the late morning deals despite mixed global cues. Finance Ministry’s clarification on validity of Tax Residency Certificate (TRC) provided the needed impetus to bounce back from yesterday’s lows. Finance Minister’s announcement on TRC during budget speech had earlier confused the foreign investors. Markets continued to trade in positive before closing in green with trimmed gains. Nifty gained 0.47% to close above 5700. Sensex gained 57 points to close above 18900.
After opening in green markets dipped on profit booking. It continued to trade in red mark for rest of the day. European markets opened marginally up but could not influence Indian indices to move in positive terrain. Markets closed in red.
Markets opened marginally up on the back of strong global cues with BSE Sensex above 19200. After touching day's low in the morning session, markets continued to trade in positive teritory even though GDP slowed down to 5.3% in July-Sept quarter.
Jindal Steel and Power was the top gainer on Sensex and Nifty. Markets closed extending the gains after finance minister P Chidambaram proposed to set up a National Investment Board (NIB) for monitoring and advising the ministers for the projects exceeding Rs 1000 crore.
Following a gap up start tracking positive global cues, markets surrendered the early gains and edged lower as the session progressed on budget disappointments and F&O expiry. Nifty lost a ton to close below 5700. Sensex also thrashed by 291 points to close at CY2013's lowest level. Amid secular sell-offs, power sector suffered the heaviest blow as BSE Power crashed 4.29%.
Indian Equity Benchmarks opened below the previous close and continued to trade in dull session during the day. In late afternoon trade, markets recovered some losses and traded flat before plunging again towards the end to close in red. Nifty ended below 5900.Asian markets mostly ended lower ahead of G20 meet of the finance ministers and officials to assess health of global economy. European indices were also trading lower.Back home, the market breadth on the BSE closed in negative. Advancing and declining stocks were 1188 and 1719 respectively, while 130 scrips remained unmoved.
Following a muted start, Indian equity indices tanked in morning deals on Cobrapost expose of alleged money laundering scam by private sector banks HDFC Bank, ICICI Bank and Axis Bank. Markets recovered steadily thereafter despite February inflation data coming higher than expected. Rate sensitive counters fueled a smart rally as lower than expected core inflation data renewed the rate cut hopes. Sensex scored a double ton to move 1% up at the close.
Indian markets snapped their losing momentum despite disappointing IIP & retail inflation numbers and below estimates Dec Quarter result from heavyweights like SAIL & Oil India. Sensex gained 100 points to end the eight day losing streak. Oil & Gas was the top performing sectorial index driven primarily by above estimated Q3 numbers from ONGC. Dec IIP (Index of industrial production) shockingly contracted 0.6% Vs 0.1% contraction in Nov-2012 while retail inflation as measured by the consumer prices index (CPI) rose 10.79% in Jan-2013 Vs 10.56% in Dec-2012.
After yesterday’s carnage, Indian equity indices started on a flat note today and crossed the previous closing mark several times before ending flat with negative bias. Telecom and Realty sector stocks were among the gainers in otherwise choppy and bearish session.
Following a moderately positive start, the markets did not look back and went higher and higher as the day progressed on lower than anticipated Dec WPI data and GAAR implementation deferral by another two years. Sensex crossed 19900 after cracking a marvelous double century while Nifty reclaimed the crucial 6000 levels. Rate Sensitive sectorial indices Realty, Bankex and Capital Goods indices rallied by 5%, 1.1% and 1.2% respectively. IT and Teck continued their rally post stunning Q3 show by Infosys. Among individual stocks DLF (shot up 7.27%) and ONGC (up 4.4%) led the Nifty pack.
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Предлагаем аудит, разработку и ведение документации;
комплексное обучение персонала организации;
проведение специальной оценки условий труда и производственного контроля
Following a weak start tracking global cues, markets continued the dull trade throughout the day. The key benchmarks closed in negative terrain losing about half a percentage point with Nifty just above 5950. Globally, Eurozone debt concerns dominated the sentiments amid weak economic data from U.S.. Asian and U.S. indices closed largely in negative terrain while European indices were trading in positive terrain.
fter losing about 0.9% yesterday, the key Indian benchmarks bounced back today despite mixed global cues. The 30 share index, Sensex, ended 0.74% up on the back of sustained buying in Oil & Gas, Telecom and IT sector stocks. Nifty ended at 6039 levels.
Markets spurted at open with Sensex above 20100 levels despite mixed global cues. Better than estimated quarterly earning reports this season from index heavyweights, including Reliance Industries Limited (RIL), boosted the sentiments. Markets gained pace in the afternoon session to touch day's high. Benchmarks continued to trade above the previous close and ended in green with over 0.3% gains. Boosted with robust Q3 numbers RIL topped the gainers on both the key benchmarks. The numbers from housing giant HDFC did not match the street expectation and dragged the Sensex down by 13.68 points. The overall market breadth was negative yet again on both the key bourses.
After a flat opening, markets followed an upward trajectory before reversing the direction in late afternoon deals on profit booking. The negative sentiments following lower than estimated HUL Q3 numbers dragged markets down to close 0.6% down. Nifty after hitting 6100 on intraday basis ended below 6050. Sensex closed below 20K.
Following a positive start, markets traded in tight range before a part of their gains were trimmed ahead of the vote on Foreign Direct Investment (FDI) in multi-brand retail in Rajya Sabha. The benchmarks dipped in dull trade in the late afternoon session despite of the fact that the UPA won Rajya Sabha's vote on FDI in retail. Markets closed in negative territory with Nifty down by 0.40%.
Markets end flat ahead of Fed policy announcement and F&O expiry:
After a positive start tracking global cues, markets witnessed a dull trading in a range and closed flat with Nifty above 6050. Sensex re-conquered 20000 levels. RBI’s double gift of repo & CRR cut did not have much impact on the markets even today as cautious sentiments ahead of U.S. Fed monetary policy announcement today and January series F&O expiry tomorrow persuaded traders to book the profits at current levels.
Markets inched higher in the morning ahead of discussion on FDI in retail in Rajya Sabha but soon turned red. In the afternoon session, markets again reversed direction towards positive teritorry after BSP cheif Mayawati promised support to UPA Government in it's FDI battle. On the flip side, international brokerage firm Credit Suisse lowered India's FY13 growth forecast to 5.9%. IT sector extended it's fall for second consecutive day after Cognizant Technology hinted for slower growth. Markets ended in green with Nifty at 5930.
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
1. Benchmarks extend losing streak; PSU stocks tumble
Market Summary
04-Feb-2013
Tracking supportive global cues, markets opened marginally up with Nifty above 6000 levels and continued to trade in
positive territory till afternoon. In the late afternoon session, dragged by PSU stocks, Indian equity benchmarks shed
gains and turned in negative territory. Bank of Baroda and IDFC were the top two losers on Nifty on disappointing Q3
numbers. Sensex lost 30 points to close the day at 19751.
CNX PSU bank (down 3.22%) and BSE PSU (down 1.56%) were the top losing Indices on NSE and BSE respectively.
Government of India has accorded ‘Maharatna’ status to two leading Indian public sector undertakings (PSU), GAIL
(India) and Bharat Heavy Electricals Limited (BHEL). GAIL is the youngest entrant in this exclusive club that includes
Coal India, ONGC, NTPC, SAIL and IOC as members. The Maharatna’s have greater freedom in terms of investing
decisions and need not to get govt clearance for decisions of up to Rs 5,000 crore. The news could not turn the
sentiments positive for the stocks as GAIL and BHEL closed 1.09% and 2.73% down on BSE respectively.
Key Quarterly Results:
Bank of Baroda’s Q3 Net dipped 22% YoY to Rs 1011.62 crore. The stock closed 7.50% down on BSE. (Result)
Indian Bank’s Net Profit declined by 37% in Q3 to Rs 330.58 crore. The stock closed 2.93% down on BSE. (Result).
Net Profit of Multi Commodity Exchange of India (MCX) stood at Rs 75.87 crore in Q3. The stock closed 2.95% down
on BSE. (Result).
Jubilant Foodworks Ltd reported 28% jump in its third quarter Net Profit at Rs 37.70 crore. The stock closed 5.23%
down on BSE. (Result)
Berger Paints registered 50% rise in Q3 Net at Rs 65.4 crore. The stock has touched fresh 52 week high today at Rs
189.15 and closed 2.53% up on BSE. (Result)
Rural Electrification Corporation Ltd reported 33% jump in Q3 Net Profit at Rs 1026.65 crore. The stock closed 4.69%
up on BSE. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1240 and 1712
respectively, while 124 scrips remained unmoved.
The BSE Sensex ended at 19751.19, down 30.00 points or 0.15%. The 30 share index touched a high and a low of
19902.60 and 19728.21 respectively. 10 stocks advanced against 20 declining ones on the benchmark index.
The S&P CNX Nifty lost 11.65 points or 0.19% to settle at 5987.25. The index touched high and low of 6038.50 and
5981.25 respectively. 16 stocks advanced against 33 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6909.58 and lost 0.83% while Small-cap index hammered down by 0.71% to
7006.73.
The broader BSE 500 index decreased to 7600.96 (down 0.47%) and S&P CNX 500 index declined to 4759.25 (down
0.35%).
The volatility as denoted by INDIA VIX gained 4.22% at 14.34 from its previous close of 13.76 on Friday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.47%) was the top gainer.
Healthcare (down 1.40%), Power (down 1.36%) and Oil & Gas (down 1.12%) were the top losers.
The Angels and the Devils
Housing Development Finance Corporation Ltd (up 2.49%), Tata Motors Ltd (up 2.40%), ICICI Bank (up 0.94%), Jindal
2. Housing Development Finance Corporation Ltd (up 2.49%), Tata Motors Ltd (up 2.40%), ICICI Bank (up 0.94%), Jindal
Steel and Power Ltd (up 0.61%) and Tata Consultancy Services Ltd (up 0.46%) were the top gainers on the Sensex.
Bharat Heavy Electricals Ltd (down 2.73%), Cipla Ltd (down 2.64%), State Bank of India (down 2.41%), Tata Power
Company Ltd (down 2.29%) and Oil and Natural Gas Corporation Ltd (down 2.08%) were the top losers on the
Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (33.71 points), State Bank of India (-20.86 points), ICICI Bank (15.17
points), Reliance Industries Ltd (-15.04 points) and ITC Ltd (-14.77 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (9.07 points), Tata Motors Ltd (5.60 points), State
Bank of India (-5.38 points), Reliance Industries Ltd (-4.46 points) and HDFC Bank (3.89 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 6002 for next session. The next support is at 5966 and on upside it has a resistance
at 6023 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
05-Feb-2013 5909 5945 5966 6002 6023 6060 6081 -
04-Feb-2013 5901 5942 5970 6012 6040 6081 6110 5987.25
01-Feb-2013 5988 6006 6021 6039 6053 6072 6086 5998.90
Sensex has a pivot at 19794 with first level of support and resistance at 19685 and 19860 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
05-Feb-2013 19511 19620 19685 19794 19860 19968 20034 -
04-Feb-2013 19459 19598 19690 19828 19920 20058 20150 19751.19
01-Feb-2013 19694 19780 19838 19923 19981 20066 20124 19781.19
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