Markets started gap up and managed to hold gains despite July industrial production growing flat. Clearance by Germany's
Constitutional Court to ratify the euro zone's new rescue fund has boosted the market sentiments. BSE Sensex has finally surpassed
the 18000 milestone. Nifty also closed above the psychological 5400 mark.
Markets began on the subdued note tracking negative global cues and disappointing Infosys results. Most of the global indices were showing negative signs. Also, 33% growth in Infy’s Q1 Net fell short of street expectation. Additionally the company’s downward revision of its annual guidance and decision to not disclose quarterly sales guidance this quarter, for the first time ever did not go well with the investors. Even better than the anticipated index of industrial production (IIP) growth of 2.4% could not turn around the adverse market sentiments that caused the Sensex to lose over 250 points.
'Big Bang Reforms' move markets up for 9th straight session:
The markets started gap up yet again powered by ‘big bang’ reform measures announced by government post market hours on Friday. The government had approved the FDI in aviation, retail, power and broadcasting carriage services sectors on Friday. Additionally RBI today, in its credit policy review, has slashed cash reserve ratio (CRR) by 25 basis points to infuse about Rs. 17000 crore of liquidity into the system. The buoyant sentiments moved Nifty and Sensex to their respective 52 week highs today. Both these benchmarks closed in green for the 9th straight session with Nifty surpassing psychological 5600 and Sensex surpassing 18500.
Indian indices traded weak at start tracking sluggish global cues. Markets drew some respite and recovered some of its lost ground on rally in frontline stocks. Benchmarks edged higher ignoring the all the pessimistic triggers to close near day’s high levels. Sensex jumped 140 points and Nifty ended above 6300 mark. Among BSE sectorials, IT index topped the charts.
After yesterday’s crash, Indian indices started gap up tracking global optimism. Benchmarks continued the uptrend as the day progressed and ended near day’s high levels with Sensex adding 233 points. Among BSE sectorials, IT sector topped the charts followed by FMCG.
After four days of correction, markets back in green on F&O expiry day:
After opening gap-down, the benchmarks traded in negative zone through most of the F&O settlement day before a sharp pullback rally towards the end brought them in the green zone. Recovering from the intraday lows, amid choppy trading, the Sensex and the Nifty ended the day with gains of 0.3% and 0.5% respectively.
Markets started gap up and managed to hold gains despite July industrial production growing flat. Clearance by Germany's
Constitutional Court to ratify the euro zone's new rescue fund has boosted the market sentiments. BSE Sensex has finally surpassed
the 18000 milestone. Nifty also closed above the psychological 5400 mark.
Markets began on the subdued note tracking negative global cues and disappointing Infosys results. Most of the global indices were showing negative signs. Also, 33% growth in Infy’s Q1 Net fell short of street expectation. Additionally the company’s downward revision of its annual guidance and decision to not disclose quarterly sales guidance this quarter, for the first time ever did not go well with the investors. Even better than the anticipated index of industrial production (IIP) growth of 2.4% could not turn around the adverse market sentiments that caused the Sensex to lose over 250 points.
'Big Bang Reforms' move markets up for 9th straight session:
The markets started gap up yet again powered by ‘big bang’ reform measures announced by government post market hours on Friday. The government had approved the FDI in aviation, retail, power and broadcasting carriage services sectors on Friday. Additionally RBI today, in its credit policy review, has slashed cash reserve ratio (CRR) by 25 basis points to infuse about Rs. 17000 crore of liquidity into the system. The buoyant sentiments moved Nifty and Sensex to their respective 52 week highs today. Both these benchmarks closed in green for the 9th straight session with Nifty surpassing psychological 5600 and Sensex surpassing 18500.
Indian indices traded weak at start tracking sluggish global cues. Markets drew some respite and recovered some of its lost ground on rally in frontline stocks. Benchmarks edged higher ignoring the all the pessimistic triggers to close near day’s high levels. Sensex jumped 140 points and Nifty ended above 6300 mark. Among BSE sectorials, IT index topped the charts.
After yesterday’s crash, Indian indices started gap up tracking global optimism. Benchmarks continued the uptrend as the day progressed and ended near day’s high levels with Sensex adding 233 points. Among BSE sectorials, IT sector topped the charts followed by FMCG.
After four days of correction, markets back in green on F&O expiry day:
After opening gap-down, the benchmarks traded in negative zone through most of the F&O settlement day before a sharp pullback rally towards the end brought them in the green zone. Recovering from the intraday lows, amid choppy trading, the Sensex and the Nifty ended the day with gains of 0.3% and 0.5% respectively.
Weighed down by weak global cues and disappointing domestic factory output data, Indian indices traded in red territory throughout the session. Headline Inflation number easing to 5 year low point could not resuscitate the sentiments as Sensex succumbed 0.9% to close the day. On the positive side, IPO Index, Small-caps and Midcaps bucked the trend and closed in green.
Day gone by: Nifty rallies 0.89% past 58K. IT drags on weak Wipro guidance. Sensex rallies 150+ points on global cues. Wipro crashes 8%. CIL top gainer. Gold loan provider surges.Shares of Swaraj Engines skywards on dividend bonanza
Markets had a gap down start on political worries as one of the allies of the government, Trinamool Congress had withdrawn its support from the government on issue of fuel hikes and FDI in retail. Retail shares like Provogue (India), Pantaloon Retail and Trent have plunged today owing to uncertainty about FDI issue. Markets closed the day with about 0.80% losses.
It was a choppy day of session as Sensex finally ended flat following a double top formation at around 20250 levels. Indian indices started gap up despite sluggish global cues as encouraging Q1 numbers from major companies boosted investor sentiments. Sentiments later turned negative on Moody’s warning on sovereign credit rating which saw markets correcting to end flat. Moody’s warned that the rupee fall can add to inflationary and fiscal woes and thereby may put pressure on the sovereign rating. Sensex closed in green whereas Nifty ended in red. Among BSE sectorials, IT sector topped the charts on buoyant TCS Q1 show.
CapitalStars Award Winning,SEBI registered investment advisory company.We provide intraday & positional services in equity,derivative ,commodity & currency
After yesterday’s fall, the markets bounced back smartly as despite political pressure the government notified FDI in Retail, Aviation, Broadcasting and Power Exchanges. Additionally Samajwadi Party Supremo Mulayam Singh Yadav's assurance of providing outside support to the UPA government has cleared the uncertainty about the future of UPA govt which seem determined to bring more market friendly reform measures.
Markets opened flat with Nifty hovering around the 5,700 milestone. After the rally of more than 400 points, Sensex was also seen
steady at start. Markets drifted lower towards the end and closed in red losing about 0.4%. BHEL gained about 6.7% on NSE ahead of
cabinet meeting and was the top gainer for the day. United Spirits was up 6% and had made a new 52 week high today on reports that
Diageo Ltd is in talks to buy a stake in United Spirits Ltd.
Weighed down by weak global cues and disappointing domestic factory output data, Indian indices traded in red territory throughout the session. Headline Inflation number easing to 5 year low point could not resuscitate the sentiments as Sensex succumbed 0.9% to close the day. On the positive side, IPO Index, Small-caps and Midcaps bucked the trend and closed in green.
Day gone by: Nifty rallies 0.89% past 58K. IT drags on weak Wipro guidance. Sensex rallies 150+ points on global cues. Wipro crashes 8%. CIL top gainer. Gold loan provider surges.Shares of Swaraj Engines skywards on dividend bonanza
Markets had a gap down start on political worries as one of the allies of the government, Trinamool Congress had withdrawn its support from the government on issue of fuel hikes and FDI in retail. Retail shares like Provogue (India), Pantaloon Retail and Trent have plunged today owing to uncertainty about FDI issue. Markets closed the day with about 0.80% losses.
It was a choppy day of session as Sensex finally ended flat following a double top formation at around 20250 levels. Indian indices started gap up despite sluggish global cues as encouraging Q1 numbers from major companies boosted investor sentiments. Sentiments later turned negative on Moody’s warning on sovereign credit rating which saw markets correcting to end flat. Moody’s warned that the rupee fall can add to inflationary and fiscal woes and thereby may put pressure on the sovereign rating. Sensex closed in green whereas Nifty ended in red. Among BSE sectorials, IT sector topped the charts on buoyant TCS Q1 show.
CapitalStars Award Winning,SEBI registered investment advisory company.We provide intraday & positional services in equity,derivative ,commodity & currency
After yesterday’s fall, the markets bounced back smartly as despite political pressure the government notified FDI in Retail, Aviation, Broadcasting and Power Exchanges. Additionally Samajwadi Party Supremo Mulayam Singh Yadav's assurance of providing outside support to the UPA government has cleared the uncertainty about the future of UPA govt which seem determined to bring more market friendly reform measures.
Markets opened flat with Nifty hovering around the 5,700 milestone. After the rally of more than 400 points, Sensex was also seen
steady at start. Markets drifted lower towards the end and closed in red losing about 0.4%. BHEL gained about 6.7% on NSE ahead of
cabinet meeting and was the top gainer for the day. United Spirits was up 6% and had made a new 52 week high today on reports that
Diageo Ltd is in talks to buy a stake in United Spirits Ltd.
After rallying for 9 consecutive sessions, markets started flat today with negative bias tracking weak global cues. Amid volatility, Nifty managed to sustain 5600 while Sensex ended just shy of 18500.
Tracking global peers Sensex cracks a double ton...crosses 17400
After a firm start tracking global cues, key Indian benchmarks maintained their lead throughout the session before a happy ending with gains of over 1.25%.
Markets end in green with trimmed gains post CAG disclosures:
Markets opened in green with Tata Motors, Maruti and RIL leading the rally. Contrary to yesterday, in the morning, FMCG sector proved to be the top Sensex gainer. IT and Auto sectors were also among the gainers. According to technical analysts, Nifty is bullish as long as it can sustain above 5350 level.
Following yesterday’s massive gains, Indian indices started on a cautious note despite firm global cues. Markets remained weak amidst choppy trades on profit booking by investors. Strengthening Rupee to the level of 63.35/USD persuaded benchmarks to recuperate the losses and closed flat.
On the July F&O expiry day, Indian markets made a weak start backed by negative global cues. Benchmarks crawled around the previous close for most of the day. However, in noon trades, markets slipped into negative terrain and settled at the intra-day low levels. Sensex lost 192 points to end below 26K milestone and Nifty slumped 0.9% to close at 7721. On BSE sectorial front, Power topped the laggards.
Indian indices started over the moon buoyed on optimistic global cues and encouraging Q2 show by IT bellwether Infosys. Benchmarks soared nearly 1.25% backed by rally in heavy weights. Markets ended higher in positive terrain with Sensex scoring 255 points ahead of August IIP data release. Among BSE sectorials, IT index topped the charts, followed by bankex.
Tracking the mixed global cues, Indian indices started on a cautious note. Benchmarks plunged in early morning sessions dragged by Oil and Gas sector. Markets closed in red with Sensex shedding 145 points whereas Nifty managed to close above 5800.
Markets continue southbound journey....Nifty plunges 0.9%:
Markets had a flat opening for third straight session in the absence of substantial cues from domestic or global markets. The traders
remained cautious ahead of August F&O series expiry, India GDP data and the US Federal meeting later this week. After remaining
listless and tangebound till afternoon, the benchmarks accelerated their downward fall. The weak European opening and consistent
parliament deadlock were factored in the fall that caused Sensex and Nifty to end below their respective psychological barriers of
17500 and 5300.
Markets in India traded in a tight range throughout the session before closing flat. The experts opined that some profit booking can be
expected ahead of F&O expiry on Thursday.
After starting flat on weak Asian cues, the markets drifted lower and lower as the day progressed. The volatile first session of the F&O settlement week saw Nifty and Sensex corrected by 0.68% and 0.59% respectively.
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.
1. Recovering from intraday losses markets end 0.5% up
Market Summary
11-Sep-2012
After opening in red amid weak global cues the markets trimmed losses in afternoon session before closing in green with about half
a percent gains.
BPCL gained 1.8% on the news that the Cabinet could today, take a call on the sensitive issue of fuel price hike.
The market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1571:1270 while 126 scrips
remained unmoved.
The BSE Sensex ended at 17852.95, up 86.17 points or 0.49%. The 30 share index touched a high and a low of 17867.85 and
17677.38 respectively. 17 stocks advanced against 13 declining ones on the benchmark index.
The S&P CNX Nifty gained 26.55 points or 0.50% to settle at 5390.00. The index touched high and low of 5393.35 and 5332.10
respectively. 30 stocks advanced against 19 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6176.30 and gained 0.27% while Small-cap index jumped up by 0.58% to 6579.68.
The broader BSE 500 index increased to 6784.60 (up 0.42%) and S&P CNX 500 index rose to 4234.60 (up 0.40%).
The volatility as denoted by INDIA VIX gained 0.72% at 15.38 from its previous close of 15.27 on Monday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 0.94%), Information Technology (up 0.88%) and Power (up 0.81%) were the top gainers.
Metals (down 1.48%) and Automobile (down 0.05%) were the top losers.
The Angels and the Devils
Housing Development Finance Corporation Limited (up 2.49%), NTPC Limited (up 1.81%), GAIL (India) Limited (up 1.66%), Bharat
Heavy Electricals Limited (up 1.41%) and Tata Consultancy Services Limited (up 1.41%) were the top gainers on the Sensex.
Sterlite Industries (India) Limited (down 4.43%), Jindal Steel and Power Limited (down 3.13%), Hero MotoCorp Ltd. (down 1.00%),
Tata Steel Limited (down 0.79%) and Hindustan Unilever Limited (down 0.58%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Limited (31.05 points), ITC Limited (17.92 points), ICICI Bank (15.43 points), Tata
Consultancy Services Limited (13.49 points) and Infosys Limited (10.28 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Limited (8.04 points), ITC Limited (4.50 points), ICICI Bank (4.11 points),
Tata Consultancy Services Limited (3.86 points) and Infosys Limited (2.59 points) were the major Nifty movers today.
Going Forward
(Technical Support and Resistance levels for next session)
S&P CNX Nifty is now pivoted at 5370 levels for next session. The next support is at 5350 and on upside it has a resistance at 5410
levels.
S3 S2 S1 PIVOT R1 R2 R3
5289 5310 5350 5371 5411 5432 5472
Similarly, Sensex has a pivot at 17800 with first level of support and resistance at 17730 and 17920 respectively.
S3 S2 S1 PIVOT R1 R2 R3
17540 17608 17730 17798 17920 17988 18110
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.