19 January 2011

Sensex below 19K

India on Wednesday withdrew a rally the previous session, oil and gas, technology, capital goods, consumer goods and cement the company's shares based on the split was seen, HDFC, HDFC Bank, SBI and NTPC brought together. Nifty much business was flat in the first half, but a 50-share NSE Nifty moved down by 5700 points - the giants of the last few hours to sell off to close 5691.05, a loss of 33 points or 0.58%.

100-200 points on Nifty section is possible. "FII low flow, high commodity prices and strong portfolio of possible policy limit to rebuild could be potentially lead to a few months. But the market is negative because it is already factoring in some of these events began. He argued on the Nifty might be second to cut 100-200.

Sensex ends below 19K, cap goods, IT, oil and gas slip

That the index could test 5300-5500 support area in the near future. Finally nifty late November 2010 lows, which supports short-term results from 5.300 to 5.500 in the area a thorough examination should be distinguished under the current uptrend support.

30 share BSE Sensex closed at 18978.32, down 113.73 points, or 0.6%. CEO Vineet Bhatnagar of MF Global and 120 points on the Nifty is expected to compression. "Foreign institutional investors have sold U.S. index futures and cash market 1.3 to 1.4 billion U.S. dollars" he said.

On the regional front, the BSE Capital Goods, Oil & Gas Index fell one per cent of it. However, metals and real estate companies had supported the stock market - related index increased by 1.7%.

Heavyweight Reliance Industries and ONGC were 1-1.5%. Engineering firm L & T's shares lost nearly 2%, BHEL and Siemens fell 0.5-1%.

Also, IT major Infosys, HCL Tech from 0.5 to 0.8 after the cross during the December quarter and 4% received% to 2.2% of TCS and Wipro plastered fall. HCL Tech 20.85% growth in Q2 over the previous quarter consolidated net profit of Rs 400 crore. 4.85% sales increase of only Rs 3888 crore.

The financial sector was a mixed development - the country's largest bank State Bank of India has slipped 2%. HDFC Bank, HDFC, IDFC and PNB was 0.5 1.6%, while ICICI Bank has supported the market with a gain of 1.1% and Kotak Mahindra Bank increased by 2.1%.

FMCG major ITC and HUL has slipped from 0.4 to 0.7%. ACC and Ambuja Cements fell by 2.6% to 1.5. Power Supply NTPC, Power Grid, Tata Power down 0.7 to 1.1% gone, while Reliance Infrastructure rallied 2.8%.

Space, Tata Motors, Hero Honda and Maruti car was 0.4 to 1.3%, while M & M grew by 0.6%. Bajaj Auto jumped from 2% on the back of strong performance, its Q3 net profit rose to Rs 667 crore, 40.42%.

Nifty best advantage on cell growth was 4.8%, Sterlite, Tata Steel, Hindalco, Sesa Goa and moved to 1-3%. DLF Real Estate segment shot up by 3.4%.

Midcap space, to 8.5% Manappuram, ARSS Infra, Ruchi Soya, SRF and collected 5.5 Opto Circuit, Future Capital, Sintex India, ING Vysya Bank, Bajaj Finance and AIA Engineering, while has lost 4 to 3.4, 4% .

Tata Coffee 15.33% and 13.85 in the smallcap space serial collected% increase Scient. Zee Learning Odyssey Finance and Reliance were 9-12% transmission. However, investment from 5 SE, Sterling Holiday, Sahara One, Centrum Finance and Securities India fell by 8.5%.

About 1451 shares advanced as against 1428 shares have declined in the Bombay Stock Exchange.

On the global front, European markets at the conclusion of the American Indian equities index futures were flat. However, Asian markets ended higher, Shanghai rose 1.86% and Hang Seng up 1.1%. Nikki KOSPI, and Taiwan received 0.4 to 0.9%

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