Daily Market Preview
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MARKET PREVIEW 23 OCTOBER, 2009
Today domestic markets are likely to open positive amid bounce back in Asian Market, solid start in SGX Nifty and higher US Market overnight. The trade would be volatile with positive bias. One could expect outperformance from Realty, Banking and Metals sphere as theses sectors were hammered
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MARKET PREVIEW 22 OCTOBER, 2009
Market view: – Volatile.
Sector-specific: IT stocks appearing positive.
Stock-specific: GAIL, LT, MPhasis appearing positive.
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MARKET PREVIEW OCTOBER 21, 2009
Market view: – Volatile.
Sector-specific: IT stocks appearing positive.
Stock-specific: IOB, ITC, Infosys appearing positive.
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MARKET PREVIEW OCTOBER 20, 2009
Market view: Volatile.
Sector-specific: Bank stocks appearing positive.
Stock-specific: Opto Circuit, Uco Bank, TCS appearing positive
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MARKET REVIEW OCTOBER 16, 2009
The market opened on flat note on the back of mixed cues from the markets all over the world. Asian stocks are mixed, as traders awaited further cues from corporate quarterly earnings. Besides, the US stock market ended up on Thursday with jump in the price of oil that lifted energy companies and offset weakness in bank shares…..
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MARKET PREVIEW OCTOBER 16, 2009
US markets closed up while other Asian markets are negative. Asian stocks fluctuated, with the MSCI Asia Pacific Index heading for a second week of gains, as a decline among financial shares was offset by a weakening yen that boosted the outlook for Japan’s exporters. We are positive on our market for today and expect it to open up and rally.
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MARKET PREVIEW OCTOBER 15, 2009
Indian market with a gap up opening traded in green throughout the day. Positive cues from Asian and European market helped Indian indices to sustain the gains. Metals and auto stocks appeared as major gainers while telecom stocks were only losers. SENSEX closed at 17233, 207 points up and NIFTY at 5118, 64 points up from the previous close.
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MARKET PREVIEW OCTOBER 14, 2009
* Dow: Negative
* Asia: Positive
* Day’s view: Positive
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MARKET PREVIEW OCTOBER 12, 2009
Market view: Volatile.
Sector-specific: Cement stocks showing strength.
Stock-specific: Ambuja Cement, Allahabad Bank, Nevyeli Lig appearing positive.
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DAILY MARKET PREVIEW
Market view: – Volatile.
Sector-specific: Bank stocks appearing positive.
Stock-specific: DCHL, KFA, UltraCemco, Union Bank appearing positive.
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MARKET PREVIEW OCTOBER7, 2009
Market view: – Volatile.
Sector-specific: Bank stocks appearing positive.
Stock-specific: Can Bank, IDFC, REC Ltd, SAIL appearing positive while Chennai Petro negative.
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DAILY MARKET PREVIEW OCTOBER 6, 2009
US markets closed in the positive and Asian markets on a mixed note. Asian stocks rose for the first time in four days, led by companies reliant on overseas sales after U.S. service industries returned to growth following 11 months of contraction, and gain in commodity prices. As expected, markets corrected yesterday due to poor global cues. We believe that any dips from the current level should be used as an opportunity to enter the market. For the day, we expect buying at lower levels.
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DAILY MARKET PREVIEW OCTOBER 5, 2009
The Dow closed in the red and other Asian markets are up. We expect our market to open down today and correct. We believe that the Nifty can go up to 4,850 and one must enter at this point. For the day we are negative on the market.
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DAILY MARKET PREVIEW OCTOBER 1, 2009
Nifty opened positive and steadily inched higher for the remaining session. It finally ended the day with a gain of 77 points at 5083. The market breadth was in the favor of bulls at almost 4:3. Amongst the sectoral indices the BSE IT and HC indices surged the most. The BSE Realty index witnessed marginal profit booking.
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DAILY MARKET PREVIEW SEPTEMBER 30, 2009
Today domestic markets are likely to open positive as majority of Asian markets have opened in green. On the other hand US markets shed some gains to close in red due to poor consumer confidence data for the month of September. The opening could be a marginally higher, followed by a narrow range bound trade throughout the day as majority of frontline stocks have reached their peak levels.
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DAILY MARKET PREVIEW SEPTEMBER 24, 2009
• The key benchmark indices may extend Wednesday’s (23 September 2009) fall tracking weak Asia. Investors will keenly watch inflation data for the year to 12 September 2009 due to be announced by government today. India’s headline inflation came in positive zone with 0.12% growth during the week ended 5 September 2009 after past 13 [...]
