Today markets are likely to open positive after yesterday’s firm trend. However during the later trading session one may witness some volatility amidst profit booking. The sentiments are not that too strong or firm to hold the bullishness. SEBI on the other hand has given specific notes for insider trading and also asked MFs to list the close ended schemes. On the macro economic front the NMDC has reduced the iron ore prices by 25% in order to boost the demand and maintain good business. The present scenario suggests a good feel factor for the markets due to government’s intervention to pump liquidity and safe guard the downturn.
OnThursday, the markets opened with nervous note but later picked high to close with phenomenal gains. The positive momentum came after there were anticipations about rate cuts form RBI along with new ECB norms that would bring influx of liquidity into the system. Despite poor performance in the European and other Asian markets, Sensex and Nifty managed to remain firm till the end. Sensex gained 5.51% whereas Nifty surged 4.95%. Realty, Metal, CG and Oil & Gas gained 12.44%, 7.93% and 6.91% respectively. During the trading session we expect the market to be trading volatile.
The BSE Sensex closed with a phenomenal gain of 482.32 points at 9,229.75 and NSE Nifty ended higher by 131.55 points at 2,788.00. The BSE Mid Caps and Small Caps ended with gains of 92.21 points and 66.70 points at 2,922.80 and 3,331.80. The BSE Sensex touched intraday high of 9,245.06 and intraday low of 8,726.71.
On Thursday, the US markets closed in red territory. Energy suffered the steepest decline among the major economic sectors. It dropped 6.2% as oil also fell as much as 7.3% to trade as low as $43.36 per barrel. It has been nearly four years since oil futures traded so low. On the other hand the planned job cuts reflect the weak labor market. Initial claims for the week ended November 29 declined by 21,000 to 509,000. Though that was better than the consensus estimate of 540,000 claims, continuing claims jumped 89,000 to 4.09 million. Crude oil on New York Mercantile Exchange for January fell by $3.12 to $43.67 a barrel. It is the first time in 4 years on the back of demand worries amid an economy in recession.
The Dow Jones Industrial Average (DJIA) closed lower by 215.45 points at 8,376.24 NASDAQ index lost 46.82 points at 1,445.56 and the S&P 500 (SPX) also closed lower by 25.52 points to close at 845.22 points.
Indian ADRs ended mixed. In technology sector, Infosys fell by 5.45% and Wipro ended low by 6.46% followed by Satyam that lost 6.96% and Patni Computers closing low by 2.98%. In banking sector ICICI Bank gained 0.36%, while HDFC Bank fell by 1.23%. In telecommunication sector, Tata Communication inclined by 1.29%, while MTNL declined by 3.63%.
Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 7.16 at 1,994.34 Hang Seng is high by 301.66 points at 13,810.84. Further Japan''s Nikkei is high by 71.07 points at 7,995.31. Straits Times is also trading high by 24.80 points at 1,668.48 and South Korea’s Seoul Composite is high by 21.85 points at 1,028.39.
The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 875.50 Crore and gross debt purchased stood at Rs 174.50 Crore, while the gross equity sold stood at Rs 1,362.10 Crore and gross debt sold stood at Rs 193.60 Crore. Therefore, the net investment of equity and debt reported were Rs (486.60) Crore and Rs (19.10) Crore respectively.
On Thursday, the partially convertible rupee ended at 49.87/89 per dollar, 0.2% stronger than Wednesday’s close of 49.99/50. The rupee gathered strength as the rally on stock markets raised hopes of foreign capital inflows.
On BSE, total number of shares traded was Rs 30.02 Crore and total turnover stood at Rs 3,747.69 Crore. On NSE, total volume of shares traded was Rs 67.88 Crore and total turnover was Rs 9,712.84 Crore.
Top traded volumes on NSE Nifty – Unitech with 95421116 shares, Suzlon Energy with total volume traded 51179906 shares, followed by SAIL with 19350395 shares, DLF with 16145192 shares and Tata Steel with 12974753 shares.
On NSE Future and Options, total number of contracts traded in index futures was 897780 with a total turnover of Rs 11,303.93 crores. Along with this total number of contracts traded in stock futures were 977469 with a total turnover of Rs 9,094.49 Crore. Total numbers of contracts for index options were 926356 with a total turnover of Rs 13,082.6 Crore and total numbers of contracts for stock options were 66266 and notional turnover was Rs 642.91 Crore.
Today, Nifty would have a support at 2,728 and resistance at 2,879 and BSE Sensex has support at 8,990 and resistance at 9,455.
OnThursday, the markets opened with nervous note but later picked high to close with phenomenal gains. The positive momentum came after there were anticipations about rate cuts form RBI along with new ECB norms that would bring influx of liquidity into the system. Despite poor performance in the European and other Asian markets, Sensex and Nifty managed to remain firm till the end. Sensex gained 5.51% whereas Nifty surged 4.95%. Realty, Metal, CG and Oil & Gas gained 12.44%, 7.93% and 6.91% respectively. During the trading session we expect the market to be trading volatile.
The BSE Sensex closed with a phenomenal gain of 482.32 points at 9,229.75 and NSE Nifty ended higher by 131.55 points at 2,788.00. The BSE Mid Caps and Small Caps ended with gains of 92.21 points and 66.70 points at 2,922.80 and 3,331.80. The BSE Sensex touched intraday high of 9,245.06 and intraday low of 8,726.71.
On Thursday, the US markets closed in red territory. Energy suffered the steepest decline among the major economic sectors. It dropped 6.2% as oil also fell as much as 7.3% to trade as low as $43.36 per barrel. It has been nearly four years since oil futures traded so low. On the other hand the planned job cuts reflect the weak labor market. Initial claims for the week ended November 29 declined by 21,000 to 509,000. Though that was better than the consensus estimate of 540,000 claims, continuing claims jumped 89,000 to 4.09 million. Crude oil on New York Mercantile Exchange for January fell by $3.12 to $43.67 a barrel. It is the first time in 4 years on the back of demand worries amid an economy in recession.
The Dow Jones Industrial Average (DJIA) closed lower by 215.45 points at 8,376.24 NASDAQ index lost 46.82 points at 1,445.56 and the S&P 500 (SPX) also closed lower by 25.52 points to close at 845.22 points.
Indian ADRs ended mixed. In technology sector, Infosys fell by 5.45% and Wipro ended low by 6.46% followed by Satyam that lost 6.96% and Patni Computers closing low by 2.98%. In banking sector ICICI Bank gained 0.36%, while HDFC Bank fell by 1.23%. In telecommunication sector, Tata Communication inclined by 1.29%, while MTNL declined by 3.63%.
Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 7.16 at 1,994.34 Hang Seng is high by 301.66 points at 13,810.84. Further Japan''s Nikkei is high by 71.07 points at 7,995.31. Straits Times is also trading high by 24.80 points at 1,668.48 and South Korea’s Seoul Composite is high by 21.85 points at 1,028.39.
The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 875.50 Crore and gross debt purchased stood at Rs 174.50 Crore, while the gross equity sold stood at Rs 1,362.10 Crore and gross debt sold stood at Rs 193.60 Crore. Therefore, the net investment of equity and debt reported were Rs (486.60) Crore and Rs (19.10) Crore respectively.
On Thursday, the partially convertible rupee ended at 49.87/89 per dollar, 0.2% stronger than Wednesday’s close of 49.99/50. The rupee gathered strength as the rally on stock markets raised hopes of foreign capital inflows.
On BSE, total number of shares traded was Rs 30.02 Crore and total turnover stood at Rs 3,747.69 Crore. On NSE, total volume of shares traded was Rs 67.88 Crore and total turnover was Rs 9,712.84 Crore.
Top traded volumes on NSE Nifty – Unitech with 95421116 shares, Suzlon Energy with total volume traded 51179906 shares, followed by SAIL with 19350395 shares, DLF with 16145192 shares and Tata Steel with 12974753 shares.
On NSE Future and Options, total number of contracts traded in index futures was 897780 with a total turnover of Rs 11,303.93 crores. Along with this total number of contracts traded in stock futures were 977469 with a total turnover of Rs 9,094.49 Crore. Total numbers of contracts for index options were 926356 with a total turnover of Rs 13,082.6 Crore and total numbers of contracts for stock options were 66266 and notional turnover was Rs 642.91 Crore.
Today, Nifty would have a support at 2,728 and resistance at 2,879 and BSE Sensex has support at 8,990 and resistance at 9,455.
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