Today the Market would open negative as the US market has ended in red and the major Asian markets have today opened with a blood bath. There are still apprehensions about the House of Representatives in the US with the bail out plan which the US senate has already accepted. There is not much good news in the domestic arena apart from the success of the N-Deal with US. However amidst the state of confusion and the falling markets abroad is likely to deteriorate the sentiments of the investors further.
On Wednesday, the market closed with little charm for the second consecutive day. Though in the opening the sentiments were not looking good but in the later trading session the selling pressure was off and the market traded within a positive range of 100-150 points. The market was somewhat moving similar like the other Asian markets like Nikkei, Shanghai composite and Taiwan Weighted, which closed with marginal ups and downs. The European markets also showed some cues of little positivism as a majority of the indices were trading with marginal gains. However in the domestic arena sectors like IT and Bankex were leading the race with gains of 3.97% and 3.23% respectively. During the trading session we expect the market to be volatile and end in the red territory.
The BSE Sensex closed with a moderate gain of 195.24 points at 13,055.67 and NSE Nifty ended up by 29.55 points at 3,950.75. The BSE Mid Caps and Small Caps closed with marginal gains of 25.87points and 29.33 points at 4,824.16 and 5,606.80. The BSE Sensex touched intraday high of 13,203.86 and intraday low of 12,697.30.
On Thursday, the US market closed in the red due to host of other macro economic concerns. The negative sentiments across the Wall Street are still haunting the investors. The Weekly jobless claims seem to be rising amidst the financial turmoil thus further sensing the weakness in the job market. Claims for the week ending September 27 increased 1,000 to 497,000, exceeding the 475,000 claims that were expected. part of the increase is due to hurricane-related damages. August factory orders declined 4%, exceeding the widely anticipated 3.0% decline. The decline is the first since February and the largest decline since October 2006. Further there are also apprehensions about the House of Representative accepting the $700 billion bail out plan which the US Senate has already accepted. Crude oil for November delivery fell by $4.56 to $93.97 per barrel on the New York Mercantile Exchange. The worries about the deteriorating financial condition of the US are creating negative sentiments among the investors about the probable recession.
The Dow Jones Industrial Average (DJIA) was low by 348.22 points at 10,482.85 along with NASDAQ index which was low by 92.68 points at 1,976.72 and the S&P 500 (SPX) also declined by 46.78 points to close at 1,114.28 points.
Indian ADRs ended down. In technology sector, Infosys closed lower by (5.62%) followed by Wipro by (3.98%), Satyam ended down by (3.53%) and Patni Computers by (2.27%). In banking sector ICICI Bank gained (2.30%), while HDFC Bank lost (1.39%). In telecommunication sector, Tata Communication advanced by (1.20%), while MTNL plunged (4.13%). Sterlite Industries decreased by (7.34%).
Today the major stock markets in Asia opened with a blood bath Hang Seng index is trading low by 429.91 points at 17,781.20 followed by Shanghai Composite which is low by 3.717 points and trading at 2,293.78. Further Japan''s Nikkei is low by 110.58 points at 11,044.18, Straits Times is also low by 51.85 points at 2,311.75.
The FIIs on Wednesday stood as net buyers in equity and net seller in debt. Gross equity purchased stood at Rs4203.10 Crore and gross debt purchased stood at Rs255.10 Crore, while the gross equity sold stood at Rs4118.60 Crore and gross debt sold stood at Rs289.90 Crore. Therefore, the net investment of equity and debt reported were Rs84.50 Crore and (Rs34.90 Crore) respectively.
On Wednesday, the partially convertible rupee ended at 47.23/33 per dollar, weakest since June 2, 2006. Many state run banks have sold their dollar holdings heavily on the back of RBI. However in the capital market, foreign funds are selling off their positions heavily thus further pressuring the rupee depreciation. The current deficit during June quarter has also widened sharply to $ 10.72 billion from $ 1.04 billion in the previous quarter amidst the rise in the prices of Oil.
On BSE, total number of shares traded were 23.69 crores and total turnover stood at Rs4,358.87 Crore. On NSE, total volumes of shares traded were 46.30 crores and total turnover was Rs10793.25 Crore.
Top traded volumes on NSE Nifty – ICICI Bank with total volume of 13562390 shares followed by SAIL 12760273 shares, Suzlon Energy 11224698 shares, Reliance Petro 9058905 shares and Unitech 8514719 shares.
On NSE Future and Options, total number of contracts traded in index futures was 819417 with a total turnover of Rs15006.45 Crore. Along with this total number of contracts traded in stock futures were 843681 with a total turnover of Rs12769.1 Crore. Total number of contracts for index options was 925147 and total turnover was Rs19178.63 Crore and total number of contracts for stock options was 47798 and notional turnover was Rs779.68 Crore.
Today, Nifty would have a support at 3,825 and resistance at 4,115 and BSE Sensex has support at 12,450 and resistance at 13,255.
On Wednesday, the market closed with little charm for the second consecutive day. Though in the opening the sentiments were not looking good but in the later trading session the selling pressure was off and the market traded within a positive range of 100-150 points. The market was somewhat moving similar like the other Asian markets like Nikkei, Shanghai composite and Taiwan Weighted, which closed with marginal ups and downs. The European markets also showed some cues of little positivism as a majority of the indices were trading with marginal gains. However in the domestic arena sectors like IT and Bankex were leading the race with gains of 3.97% and 3.23% respectively. During the trading session we expect the market to be volatile and end in the red territory.
The BSE Sensex closed with a moderate gain of 195.24 points at 13,055.67 and NSE Nifty ended up by 29.55 points at 3,950.75. The BSE Mid Caps and Small Caps closed with marginal gains of 25.87points and 29.33 points at 4,824.16 and 5,606.80. The BSE Sensex touched intraday high of 13,203.86 and intraday low of 12,697.30.
On Thursday, the US market closed in the red due to host of other macro economic concerns. The negative sentiments across the Wall Street are still haunting the investors. The Weekly jobless claims seem to be rising amidst the financial turmoil thus further sensing the weakness in the job market. Claims for the week ending September 27 increased 1,000 to 497,000, exceeding the 475,000 claims that were expected. part of the increase is due to hurricane-related damages. August factory orders declined 4%, exceeding the widely anticipated 3.0% decline. The decline is the first since February and the largest decline since October 2006. Further there are also apprehensions about the House of Representative accepting the $700 billion bail out plan which the US Senate has already accepted. Crude oil for November delivery fell by $4.56 to $93.97 per barrel on the New York Mercantile Exchange. The worries about the deteriorating financial condition of the US are creating negative sentiments among the investors about the probable recession.
The Dow Jones Industrial Average (DJIA) was low by 348.22 points at 10,482.85 along with NASDAQ index which was low by 92.68 points at 1,976.72 and the S&P 500 (SPX) also declined by 46.78 points to close at 1,114.28 points.
Indian ADRs ended down. In technology sector, Infosys closed lower by (5.62%) followed by Wipro by (3.98%), Satyam ended down by (3.53%) and Patni Computers by (2.27%). In banking sector ICICI Bank gained (2.30%), while HDFC Bank lost (1.39%). In telecommunication sector, Tata Communication advanced by (1.20%), while MTNL plunged (4.13%). Sterlite Industries decreased by (7.34%).
Today the major stock markets in Asia opened with a blood bath Hang Seng index is trading low by 429.91 points at 17,781.20 followed by Shanghai Composite which is low by 3.717 points and trading at 2,293.78. Further Japan''s Nikkei is low by 110.58 points at 11,044.18, Straits Times is also low by 51.85 points at 2,311.75.
The FIIs on Wednesday stood as net buyers in equity and net seller in debt. Gross equity purchased stood at Rs4203.10 Crore and gross debt purchased stood at Rs255.10 Crore, while the gross equity sold stood at Rs4118.60 Crore and gross debt sold stood at Rs289.90 Crore. Therefore, the net investment of equity and debt reported were Rs84.50 Crore and (Rs34.90 Crore) respectively.
On Wednesday, the partially convertible rupee ended at 47.23/33 per dollar, weakest since June 2, 2006. Many state run banks have sold their dollar holdings heavily on the back of RBI. However in the capital market, foreign funds are selling off their positions heavily thus further pressuring the rupee depreciation. The current deficit during June quarter has also widened sharply to $ 10.72 billion from $ 1.04 billion in the previous quarter amidst the rise in the prices of Oil.
On BSE, total number of shares traded were 23.69 crores and total turnover stood at Rs4,358.87 Crore. On NSE, total volumes of shares traded were 46.30 crores and total turnover was Rs10793.25 Crore.
Top traded volumes on NSE Nifty – ICICI Bank with total volume of 13562390 shares followed by SAIL 12760273 shares, Suzlon Energy 11224698 shares, Reliance Petro 9058905 shares and Unitech 8514719 shares.
On NSE Future and Options, total number of contracts traded in index futures was 819417 with a total turnover of Rs15006.45 Crore. Along with this total number of contracts traded in stock futures were 843681 with a total turnover of Rs12769.1 Crore. Total number of contracts for index options was 925147 and total turnover was Rs19178.63 Crore and total number of contracts for stock options was 47798 and notional turnover was Rs779.68 Crore.
Today, Nifty would have a support at 3,825 and resistance at 4,115 and BSE Sensex has support at 12,450 and resistance at 13,255.
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