Daily Market Review
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MARKET REVIEW 30th April, 2010
Profit booking in late trade capped gains on the domestic bourses as European stocks fell in volatile trade on unease over euro zone sovereign debt levels. The BSE 30-share Sensex was up 55.24 points or 0.32%, off 87.90 points from the day’s high. Most Asian stocks rose. The Lok Sabha on Thursday passed the Finance Bill 2010 with some minor changes in tax proposals. The government has pledged to cut the fiscal deficit, promised increase spending on infrastructure and announced changes in personal income tax slabs for individuals in the Union Budget 2010-2011…
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MARKET REVIEW 29th April, 2010
The key benchmark indices rebounded after a two-day slide, tracking gains in European stocks and higher US index. The BSE 30-share Sensex rose 123.39 points or 0.71%, up close to 125 points from the day’s low and off close to 30 points from the day’s high. The market breadth was strong. Most Asian stocks declined. Interest rate sensitive banking, auto and realty shares rose on renewed buying. Metal stocks advanced on bargain hunting, reversing a two-day fall…
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MARKET REVIEW 28th April, 2010
The key benchmark extended losses for the second straight day as world stocks reeled from rating downgrades on Greece and Portugal. The BSE 30-share Sensex was provisionally down 285.27 points or 1.61%, off close to 240 points from the day’s high and up close to 60 points from the day’s low. Metal and realty stocks led the decline. All the sectoral indices on BSE were in the red. The market breadth was weak. Index heavyweight Reliance Industries (RIL) slumped more than 4%, extending recent losses triggered by disappointment from Q4 result…
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MARKET REVIEW 27th April, 2010
The key benchmark indices edged lower, snapping last five days’ gains, on weak global stocks. The BSE 30-share Sensex fell 54.66 points or 0.31%, off close to 80 points from the day’s high and up close to 10 points from the day’s low. The market breadth, indicating the overall health of the market was weak. That was in contrast to positive breadth earlier in the day. Banking, auto, metal and realty stocks fell. Index heavyweight Reliance Industries (RIL) extended Monday’s losses triggered by disappointment from Q4 March 2010 results.
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MARKET REVIEW 26th April, 2010
The key benchmark indices edged higher for the fifth straight day on firm global stocks and forecast of a normal monsoon this year. The BSE 30-share Sensex was provisionally up 42.94 points or 0.24%, off close to 90 points from the day’s high and up close to 45 points from the day’s low. The market breadth, indicating the overall health of the market was positive. The breadth was much stronger earlier in the day. Metal stocks rose as metal prices gained on London Metal exchange on Friday, 23 April 2010…
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MARKET REVIEW 22nd April, 2010
Volatility ruled the roost as the key benchmark indices came sharply off the higher level in the last one hour of trade. The late slide materialised soon after a sharp surge in mid-afternoon trade that was driven by rally in pivotals such as State Bank of India (SBI), Reliance Industries (RIL) and Tata Motors. The BSE 30-share Sensex rose 101.43 points or 0.58%, off close to 205 points from the day’s high and up close to 165 points from the day’s low…
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MARKET REVIEW 21st April, 2010
The key indices settled marginally higher extending previous day’s gains after the Reserve Bank of India (RBI) raised interest rates on Tuesday, 20 April 2010, by less than some economists had expected and forecast inflation will slow. Buying in mid and small-cap stocks kept the market breadth strong throughout the day. The barometer index BSE Sensex rose 11.98 points or 0.07%, off close to 93 points from the day’s high and up close to 26 points from the day’s low. Ten out of thirteen sectoral indices on BSE rose…
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MARKET REVIEW 20th April, 2010
The key benchmark indices registered small gains, snapping loses in the preceding five trading sessions, after the Reserve Bank of India (RBI) announced a small increase in policy rates at a monetary policy review. Firm global stocks supported the domestic bourses. The BSE 30-share Sensex rose 59.90 points or 0.34%, off close to 100 points from the day’s high and up close to 66 points from the day’s low. Interest rate sensitive banking, auto and realty stocks rose. But IT stocks fell. Index heavyweight Reliance Industries (RIL) edged higher in volatile trade…
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MARKET REVIEW 19th April, 2010
The key benchmark indices declined for the fifth straight day as charges of fraud against US investment bank Goldman Sachs rattled global stocks. The BSE 30-share Sensex was provisionally down 191.66 points or 1.09%, up close to 125 points from the day’s low and off close to 185 points from the day’s high. All the sectoral indices on the BSE were in the red. The market breadth was weak. Banking stocks recovered from initial losses on the eve of a monetary policy review by the Reserve Bank of India on Tuesday, 20 April 2010…
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MARKET REVIEW 16th April, 2010
The key benchmark indices edged lower in volatile trade as an imminent hike in key short-term interest rates by the Reserve Bank of India (RBI) at a policy review next week weighed on investor sentiment. Stocks fell for the fourth straight trading session. The market breadth was weak. In global cues, European stocks were volatile and US index futures were off lows. Asian stocks edged lower. The BSE 30-share Sensex shed 48.08 points or 0.27%, off close to 75 points from the day’s high and up close to 60 points from the day’s low…
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MARKET REVIEW 15th April, 2010
Profit booking in some large-cap stocks dragged the key indices to the lowest level in two weeks. The market fell for the third consecutive session as European stocks turned negative and US index futures edged lower. Front line stocks bore the major brunt of selling with mid and small-cap indices on BSE falling to a smaller extent. The BSE 30-share Sensex fell 182.70 points or 1.03%, off close to 336 points from the day’s high. Banking, capital goods and FMCG stocks declined…
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MARKET REVIEW 13th April, 2010
The key benchmark indices registered small losses tracking weak global stocks. The market fell for the second straight day. The BSE 30-share Sensex lost 31.04 points or 0.17%, off close to 60 points from the day’s high and up close to 85 points from the day’s low. Infosys led a rally in IT pivotals after the IT sector bellwether issued a stronger revenue guidance in dollar terms which indicated robust outsourcing demand. The Sensex had declined 80.14 points or 0.45% to 17,853 on Monday, 12 April 2010…
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MARKET REVIEW 7th April, 2010
The key benchmark indices registered small gains in what was a highly volatile trading session. The market attained its highest closing level in more than 25 months. The barometer index BSE Sensex fell below the psychological 18,000 level after racing above that level in early afternoon trade. The Sensex rose 28.65 points or 0.16%, up close to 95 points from the day’s low and off close to 75 points from the day’s high…
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MARKET REVIEW 6th April, 2010
Key benchmark indices were little changed at close after moving between positive and negative zone in intraday trade. The BSE Sensex and the S&P CNX Nifty retraced after striking fresh 25-month highs in intra-day trade. The BSE Sensex pared gains after coming within a striking distance of the psychological 18,000 mark. European stocks were trading higher while Asian stocks ended on a mixed note. The Sensex was up 14.81 points or 0.08%, up 52.49 points from the day’s low and off 40.92 points from the day’s high….
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MARKET REVIEW 5th April, 2010
The key benchmark indices attained their highest closing level in more than 25 months aided by firm Asian stocks and higher US index futures. US markets settled at 18-month highs on Thursday, 1 April 2010 and some Asian markets zoomed to 19-month highs in today’s trade buoyed by an upbeat US job data. The BSE 30-share Sensex rose 243.06 points or 1.37%, up close to 240 points from the day’s low and off close to 10 points from the day’s high….
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MARKET REVIEW 1st April, 2010
The key benchmark indices edged higher in a truncated week helped by sustained buying by the foreign investors and strong global markets. The stock market remains closed on Friday, 2 April 2010, on account of Good Friday. Foreign institutional investors (FIIs) made a beeline for Indian equities, helping stocks register strong gains. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 14,792.31 crore in March 2010. Finance secretary Ashok Chawla said on 23 March 2010, that foreign capital flows into India are currently not posing any concern.
