Daily Market Review
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MARKET REVIEW 20th Nov, 2009
The key benchmark indices extended gains to hit fresh intraday highs at the fag end of the trading session on firm European stocks. Comments by the deputy chairman of the government’s planning commission that the government is not considering imposing a tax to curb an influx in overseas funds also helped ease worries of likely measures from policymaker to stem inflows…
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MARKET REVIEW 11th Nov, 2009
The key benchmark indices soared tracking firm global stocks after China reported continued strength in industrial production growth, keeping alive hopes of a recovery in the global economy. The market resumed its upmove after taking a pause on Tuesday, 10 November 2009, after a solid surge in the preceding four trading session. Equities shrugged off Cyclone Phyan which is expected to…
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MARKET REVIEW 10th Nov, 2009
The key benchmark indices snapped last four days’ gains, closing with small losses on profit taking. The BSE 30-share Sensex fell 58.16 points or 0.35%, off close to 240 points from the day’s high and up close to 70 points from the day’s low. Intraday volatility was high. FMCG, capital goods, telecom and realty stocks fell. The market breadth was negative in contrast to a strong
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MARKET REVIEW 9th Nov, 2009
Heavy buying across the sectoral indices led the Indian stock market to close the session with strong gains backed by the firm global markets as well as the contours of reforms unveiled by the Prime Minister Manmohan Singh yesterday. The domestic market though opened with decent gains tumbled in the mid session to pare all its initial gains. However, it gained the momentum soon and kept on marching…
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MARKET REVIEW 6th Nov, 2009
The Indian stock market closed in green tracking the firm cues from the global markets. Heavy buying was witnessed during the trading session and the investors’ sentiments was boosted on the back of some favoring data like better than expected jobless claims data in US that recorded at 5,12,000 down 20,000 from the previous week and better than the expected 5,22,000. The continuing claims came in at 5.75 million…
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MARKET REVIEW 5th Nov, 2009
The Indian stock market made a sharp turnaround to recover from the day’s low to close with decent gains on heavy buying across the sectoral indices in the final hours. Though the cues from the Asian markets and European markets are not supportive, the market staged smart recovery due to some favoring cues from the domestic arena. The government said that the income tax…
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MARKET REVIEW 4th Nov, 2009
Breaking the past six days of losing trend, the Indian stock market closed on an upbeat note tracking the strong rally across the Asian markets and strong opening of the European markets. Also the comments from the Finance Minister Pranab Mukherjee that the government does not plan to withdraw the series of stimulus that it had announced earlier in order to revive the economy…
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MARKET REVIEW 3rd Nov, 2009
Extending losses for the six straight trading sessions, the Indian market tumbled in the final hours of the session to close on a negative note tracking the weakness across the Asian markets. Also the negative opening of the European markets spoiled the investors’ sentiments further. Moreover, the reports that the Comptroller and Auditor General (CAG) has set up a team…
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MARKET REVIEW 30 OCTOBER, 2009
The Indian market closed on a negative note as the heavy selling pressures that emerged across the sectoral indices. Also, the long weekend ahead hesitates the investors to book further positions. The stock market will remain closed on November 2, 2009 (Monday) due to the celebration of Guru Nanak Jayanti. Moreover, the weak listing of Indiabulls Power on the bourses spoiled the investors’ sentiments…
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MARKET REVIEW 29 OCTOBER, 2009
The key benchmark indices slumped in late trade as index heavyweight Reliance Industries fell in volatile trade ahead of Q2 result today. Rise in inflation also weighed on investor sentiment. The BSE 30-share Sensex was down 241.39 points or 1.48% up close to 50 points from the day’s low and off close to 220 points from the day’s high.
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MARKET REVIEW 28 OCTOBER, 2009
The Indian market closed in the negative territory after facing huge volatility during the trading session. The concerns about the sooner than expected rise in the interest rates after RBI raised its inflation forescast, prompt the investors to be bit cautious to book further positions. Moreover, the cues from the global market are not in favor as the US consumer confidence data that fell to 47.7 per cent from a revised
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MARKET REVIEW 27 OCTOBER, 2009
The key benchmark indices extended losses in late trade as investors booked profit after the Reserve Bank of India did away with some special liquidity steps that it had announced in the aftermath of the global financial crisis.. The central bank said the precise challenge for the Reserve Bank of India is to support the recovery process without compromising on price stability
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MARKET REVIEW OCTOBER 26, 2009
• The key benchmark indices plunged to hit fresh day’s low in late trade. Volatility ruled the roost as traders rolled positions in the derivatives segment from October 2009 contracts to November 2009 contracts ahead of the expiry October 2009 contracts on Thursday, 29 October 2009. • European shares rose Monday, with autos and chemical firms leading a broad-based advance, although
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MARKET REVIEW OCTOBER 23, 2009
The Indian market closed with marginal gains after a sharp rally at the initial stage on the back of heavy profit booking at the higher level. The volatility was high during the session. The BSE Sensex closed just above the 16,800 mark while Nifty just below 5,000 mark. Though the mark opened with strong gains and traded firmly for most part of the day but the profit booking at the final hours
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MARKET REVIEW OCTOBER 22, 2009
Nifty has closed lower for the third day in the row thereby almost giving up all the gains from the rally that began from 4920. Nifty after giving a breakout from the triangular pattern achieved its conservative target of 5190, but failed to achieve 5250-5300. Now 4945 and 4920 are the two important supports on the lower side…………
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MARKET REVIEW OCTOBER 21, 2009
The key benchmark indices slumped on weak global stocks and lower US index futures. Index heavyweight Reliance Industries (RIL) fell in volatile trade as the hearing on a gas dispute with Reliance Natural Resources (RNRL) continued in the Supreme Court for the second day in a row today, 21 October 2009. RIL was primarily
