31 January 2011

Stock Market in Pressure

Indian stock sell next day his back on the clock at 14:16 off in European markets pulled back toward less. Nifty to remain the benchmark against 5500 levels. Technology, FMCG, energy, telecommunications, cement, Anil Dhirubhai Ambani, to reside in personal financial and metal company "stock market pressure".

share market, stocks market
French CAC, German DAX and UK FTSE European markets such as Egypt was concerned about one percent. There between government troops and demonstrators President Hosni Mubarak, after which increases are struggling to remove. Were anti-government riots in more than 100 people were killed. Egypt controls the Suez Canal, oil and Asian goods to Europe for the supply was passed.

But ONGC, Siemens, BHEL, Dr Reddy's Laboratories in the continued sale, Reliance Industries, Hindalco, PNB, M&M and L&T has supported all the benchmark.

Blackstone Group Punita Kumar Sinha said the Indian market was not just to their lowest point in the evaluation provides an opportunity for further improvement.

Kumar, India and Indonesia said that she was seeing a steady outflow. He seems to Exchange Traded Funds and private investors are pulling money, as much support for the collapse of the Indian market trend is up.

However, Lalit Thakkar, MD organization, Angel Broking said that the Nifty bottoming out can be to a level of 5.400 to 5.350. He believes that interest will come from retail investors.

The 30-share BSE Sensex fell 221 points to 18,174 and the 50-share NSE Nifty slipped 51 points to 5,461. The BSE Midcap and Smallcap indices too declined 1.4% each.

Heavyweights TCS, ITC, Bharti Airtel, Infosys, HDFC and NTPC were down 2-3.6%. Jaiprakash Associates tanked 5% and Sterlite Industries lost 4%.

HDFC Bank, Sun Pharma, went DLF, Tata Motors and Tata Power down 1.5-3%.

Midcap space, Cholamandalam, Jammu and Kashmir Bank, Coromandel Intl, GSFC and collected Supreme Inds 3-6%, while 13% fell Mindtree. Jain Irrigation, Agro sanwaria, IVRCL Infrastructure and Kingfisher Airlines have lost 6-11%.

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