21 January 2011

Struggling Nifty at 5700

10:45: Equity in extremely volatile trading in narrow bandwidth used with a negative bias. Technology, health care, were FMCG, metal and private financial stocks down Bharti Airtel, ONGC and Maruti drag with the market.

sensex,midcap
50 share BSE Sensex and NSE Nifty 30 stocks much above 5,700 and 19,000 steps each of the back was hard. Respective Index were down 25 points and 88 points to 5,687 and 18,957 88.

Gautam Shah of JM Financial support for the Sensex 18700 and 5600 Nifty will provide "the market is still about 200 DMA, which once broken can trigger trade unwinding is forced up."

However, Reliance Industries, BHEL, SBI, NTPC and support for markets like the weight was heavy. Anil Dhirubhai Ambani group company shares were very good.

Wipro its Q3FY11 numbers after a 3.6% decline were the major losers. Q3 3.4% on the net Rs 1319 crore and dollar denominated global IT revenues by $ 1.34 billion gain 5.6% (QoQ), which were increased in line with estimates. Suresh Vaswani and Girish Paranjpe as joint CEOs came. T Kurien, Wipro now be the new CEO. Pressure in other technology stocks - Infosys and HCL Tech up 1.5% was up 0.8%. TCS was flat.

Next Q3FY11 results today, slipped by 0.7% ITC, the Reliance Industries, BHEL and PNB gained 1.5% 1.25.

frontliners HDFC, Sterlite Industries, Bharti Airtel and Jindal Steel were down 1.3 to 1.9%.

While Reliance Communications gained, M & M, Reliance Infrastructure, Bajaj Auto, Sesa Goa, Reliance Power and PNB from 1.2 to 1.8%.

Midcap space, from 3.4 to 8% BOC India, KGN Industries, Peninsula Land, Alok Industries and Dish TV India, collected continuously while, Kirloskar Brothers, Marico says Shiv Jyoti Labs and lost

No comments:

Custom Search
Get