Daily Market Review
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MARKET REVIEW 26th May, 2010
The key benchmark indices rebounded from 3-1/2 month lows hit on Tuesday, 25 May 2010, tracking recovery in world stocks triggered by bargain hunting after a recent sharp slide. Realty, auto, metal and IT stocks led gains on the domestic bourses. Index heavyweight Reliance Industries (RIL) also edged higher. The market breadth was strong. All the sectoral indices on BSE were in green. The BSE 30-share Sensex jumped 365.36 points or 2.28%, off close to 20 points from the day’s high and up close to 315 points from the day’s low…
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MARKET REVIEW 25th May, 2010
The key benchmark indices tumbled to their lowest level in more than three months as world stocks slumped amid tensions in Korea as well as anxiety over global debt levels and sovereign default fears. The BSE 30-share Sensex plunged 447.07 points or 2.71%, up close to 60 points from the day’s low and off close to 425 points from the day’s high. The BSE Sensex regained the psychological 16,000 mark soon after falling below that mark in late trade…
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MARKET REVIEW 24th May, 2010
The key benchmark indices settled marginally higher, giving away strong intraday gains, as European stocks and US index futures fell. The BSE 30-share Sensex rose 23.94 points or 0.15%, off close to 290 points from the day’s high and up close to 55 points from the day’s low. Banking, metal, auto and realty stocks reversed initial gains. Index heavyweight Reliance Industries (RIL) pared initial gains triggered by a truce between the two Ambani brothers – Mukesh and Anil on Sunday, 23 May 2010…
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MARKET REVIEW 19th May, 2010
Germany’s move to ban naked shorting of certain financial instruments, including shares of ten German financial companies rattled world stocks, with the domestic bourses following suit. Banking, IT, metal, FMCG, consumer durables and realty stocks declined. Index heavyweight Reliance Industries extended recent sharp losses. The market breadth was weak. All the sectoral indices on BSE were in the red. The BSE 30-share Sensex hit its lowest level in 2-1/2 months. The Sensex fell 467.27 points or 2.77%, up close to 45 points from the day’s low and off close to 395 points from the day’s high…
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MARKET REVIEW 18th May, 2010
The key benchmark indices eked out small gains in choppy trading session, tracking higher European stocks and gains in US index futures. Index heavyweights Reliance Industries (RIL) and Larsen & Toubro pared gains in late trade. Consumer durables, capital goods and IT stocks gained. Oil exploration stocks rose as crude oil prices rebounded from 5 month lows. Auto stocks were mixed. Metal stocks fell. The market breadth was strong as buying was witnessed in mid-cap and small-cap stocks. The BSE 30-share Sensex rose 40.20 points or 0.24%, up close to 125 points from the day’s low and off about 130 points from the day’s high…
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MARKET REVIEW 17th May, 2010
Rally in index heavyweight L&T aided an intraday rebound on the domestic bourses triggered by recovery in European stocks and US index futures. Intraday volatility was high. The BSE 30-share Sensex lost 159.04 points or 0.94%, up close to 285 points from the day’s low and off close to 126 points from the day’s high. The 50-unit S&P CNX Nifty which had fallen below the psychological 5,000 mark, regained that level in the second half of the trading session. Shares of India’s largest engineering and construction firm by sales Larsen & Toubro surged after strong Q4 results and was the top gainer from the Sensex pack.
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MARKET REVIEW 14th May, 2010
The market moved higher last week as global stocks rallied after European leaders on 9 May 2010 announced a rescue package to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis in the region. Most sectoral indices on BSE rose. The BSE Realty index led the rally in sectoral indices, followed by Auto, Consumer Durables, Bankex, FMCG and IT index in that order. The BSE Metal and Capital Goods indices ended lower…
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MARKET REVIEW 13th May, 2010
The key benchmark indices edged higher for the second straight day, tracking gains in Asian stocks. But, the market came off the day’s high as European stocks pared initial gains and US index futures reversed gains. The BSE 30-share Sensex was provisionally up 74.85 points or 0.44%, off close to 120 points from the day’s high and up close to 30 points from the day’s low. Interest rate sensitive realty and auto stocks gained. Consumer durables and healthcare stocks also rose. The market breath was strong…
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MARKET REVIEW 12th May, 2010
The key benchmarks eked out small gains in volatile trade on higher European stocks and recovery in US index futures. Interest rate sensitive banking and realty stocks rose as lower-than-expected growth in industrial production in March 2010 helped ease rate-hike worries. Index heavyweight Reliance Industries (RIL) edged higher. The BSE 30-share Sensex rose 54.28 points or 0.32%, up close to 170 points from the day’s low and off close to 55 points from the day’s high. The market breadth was weak…
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MARKET REVIEW 11th May, 2010
The key benchmark indices edged lower in choppy trade as world stocks retreated after Monday (10 May 2010)’s solid surge amid uncertainty over euro-zone countries’ ability to reduce their deficits. The BSE 30-share Sensex fell 189.02 points or 1.09%, up close to 35 points from the day’s low and off close to 275 points from the day’s high. All the sectoral indices on the BSE were in the red. The market breadth, indicating the overall health of the market, was weak. Metal, realty, telecom and IT stocks fell. Hindalco Industries declined in a weak market despite strong Q4 result. Ranabaxy Laboratories, too, fell a weak market after turnaround Q1 result….
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MARKET REVIEW 10th May, 2010
The key benchmark indices recouped a large portion of previous week’s steep losses in a single trading session today, 10 May 2010, as global stocks rallied after European leaders on Sunday, 9 May 2010, announced a rescue package to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis. The BSE 30-share Sensex surged 561.44 points or 3.35%. Metal, realty, auto and banking stocks led the rally. The market breadth was strong. The Sensex had lost 4.5% last week as the Greece debt crisis made investors edgy about its impact on global economic recovery…
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MARKET REVIEW 7th May, 2010
The key benchmark indices extended losses on the last trading day of the week,with the market declining in all the five trading sessions this week as euro zonedebt worries rattled global stocks. Except the Oil & Gas index, all the other sectoralindices on the BSE were in the red. The market breadth was weak. The BSE 30-share Sensex was provisionally down 199.10 points or 1.17%, up close to 105points from the day’s low and off close to 150 points from the day’s high. Realty,banking, metal, pharma, capital goods and telecom stocks fell. FMCG stocks roseon defensive buying.
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MARKET REVIEW 6th May, 2010
The key benchmark indices ended a choppy trading session lower as debt worries in the euro zone weighed on investors’ sentiment. The barometer index BSE Sensex fell below the psychological 17,000 level after flirting with that level throughout the day. The Sensex shed 100.43 points or 0.59%, up close to 165 points from the day’s low. FMCG and pharma stocks rose on defensive buying. But, realty, auto and IT stocks fell. Banking stocks were mixed. Index heavyweight Reliance Industries edged lower…
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MARKET REVIEW 5th May, 2010
The key benchmark indices extended losses for the third straight day on continued worries over fiscal health of euro zone nations. Nevertheless, the market staged a strong intraday rebound after an initial sharp slide. The barometer index BSE Sensex regained the psychological 17,000 level after sliding below that mark in early trade. The BSE 30-share Sensex lost 49.18 points or 0.29%, up close to 230 points from the day’s low and off close to 35 points from the day’s high…
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MARKET REVIEW 4th May, 2010
The key benchmark indices slumped, extending losses for the second straight day, as world stocks fell. The BSE 30-share Sensex shed 248.94 points or 1.43%, off close to 330 points from the day’s high. Banking, capital goods, IT, metal and realty stocks fell. Index heavyweight Reliance Industries (RIL) declined in volatile trade. The market breadth was weak, in complete reversal of a strong breadth earlier in the day. All the sectoral indices on BSE were in the red. The Sensex has lost 421.57 points or 2.4% in the last two trading sessions from its close of 17,558.71 on 30 April 2010…
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MARKET REVIEW 3rd May, 2010
The key benchmark indices ended a choppy trading session lower, halting a two-day advance, as weak global stocks weighed on investors’ sentiment. The BSE 30-share Sensex fell 172.63 points or 0.98%, off close to 150 points from the day’s high and up close to 40 points from the day’s low. The market breadth was weak. High beta infrastructure stocks declined on selling pressure. Metal stocks declined as copper prices fell on concern monetary tightening in China will crimp demand for the metal….
