Daily Market Review
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MARKET REVIEW 26th FEB, 2010
The key benchmark indices pared gains after a sharp surge in early afternoon trade triggered by the finance minister’s budget which pushed for higher consumption. Auto and metal stocks surged. Banking stocks also gained. The market breadth was strong. The BSE 30-share Sensex was up 184.64 points or 1.14%, off close to 230 points from the day’s high….
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MARKET REVIEW 22nd FEB, 2010
The Key benchmark indices erased almost all the gains after an early rally as investors turned cautions ahead of the Union Budget 2010-2011 later this week. The market closed with small gains snapping last two days losses. The BSE 30-share Sensex rose 45.42 points or 0.28%, off close to 185 points from the day’s high. Index heavyweights Reliance Industries (RIL) reversed early gains….
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MARKET REVIEW 19th FEB, 2010
The key benchmark indices dropped in choppy trade, extending losses for the second straight day as the US Federal Reserve’s decision to raise its discount rate hurt investor sentiment. The BSE 30-share Sensex fell 136.21 points or 0.83%, up close to 110 points from the day’s low and off close to 120 points from the day’s high. Global stocks and US index futures fell after the US Federal Reserve raised its discount rate….
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MARKET REVIEW 17th FEB, 2010
The key benchmark indices rose for the second straight day tracking firm global stocks. The BSE 30-share Sensex jumped 202.23 points or 1.25%. Metal, banking, consumer durables and auto stocks rose. The market breadth was strong. India VIX, a volatility index based on the S&P CNX Nifty index option prices, rose 1.08% to 29.04. India VIX is a measure of the market’s expectation of volatility over the next 30 calendar days….
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MARKET REVIEW 16th FEB, 2010
The key benchmark indices jumped as firm global stocks boosted investor sentiment. The BSE 30-share Sensex rose 188.33 points or 1.17%. Capital goods, IT, banking, auto, healthcare and metal stocks led the rally. Index heavyweight Reliance Industries edged higher in volatile trade. The market breadth was positive. All the sectoral indices on BSE were in green….
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MARKET REVIEW 15th FEB, 2010
The key benchmark indices fell on worries the central bank may take more monetary action to check inflation after the latest data showed that the headline inflation jumped in January 2010. The BSE 30-share Sensex fell 114.24 points or 0.71%, off close to 190 points from the day’s high and up close to 25 points from the day’s low. Consumer durables, capital goods, realty, FMCG, banking shares fell….
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MARKET REVIEW 11th FEB, 2010
The key benchmark surged as firm Asian stocks and gains in US index futures boosted sentiment. The government’s decision to ease foreign investment rules also underpinned sentiment. The BSE 30-share Sensex rose 230.42 points or 1.45%, up close to 225 from the day’s low and off close to 50 points from the day’s high. The barometer index regained the psychological 16000 mark. Metal, realty, auto and banking stocks vaulted. The market breadth was strong….
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MARKET REVIEW 10th FEB, 2010
A day after regaining the psychological 16,000 mark, the barometer index BSE Sensex fell below that level today, 10 February 2010, on waning risk appetite among foreign investors. Intraday volatility on the bourses was immense. The BSE 30-share Sensex fell 120.01 points or 0.75%, up close to 30 poinrts from the day’s low and off close to 220 points from the day’s high. Banking, capital goods, FMCG, healthcare and power stocks fell….
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MARKET REVIEW 9th FEB, 2010
The key benchmark indices logged decent gains in what was a choppy trading session. After suffering an initial setback, the market staged a comeback as Asian stocks and US index futures rose. The BSE 30-share Sensex jumped 106.57 points or 0.67%, off close to 50 points from the day’s high and up close to 180 points from the day’s low. The Sensex today, 9 February 2010, regained the psychological 16,000 mark….
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MARKET REVIEW 8th FEB, 2010
Key benchmark indices logged marginal gains after swinging sharply either ways in what was a highly volatile trading session. The BSE 30-share Sensex rose 19.96 points or 0.13%, up close to 285 points from the day’s low and off close to 125 points from the day’s high. The barometer index BSE Sensex had raced above the psychological 16,000 mark in mid-afternoon trade boosted by upbeat start from European markets but ultimately settled below that level….
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MARKET REVIEW 5th FEB, 2010
The key benchmark indices tripped as as Europe’s sovereign debt, indications of weak US jobs data and a crash in commodity and energy prices raised fresh concerns over global economic recovery. The Sensex fell in 4 out of 5 trading sessions in the week ended Friday, 5 February 2010. The BSE Sensex fell below the psychological 16,000 mark….
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MARKET REVIEW 4th FEB, 2010
Weak global cues casted their shadow on the domestic bourses which ended sharply lower following a late sell-off in index pivotals. European markets were trading lower ahead of rate decisions from the European Central Bank and the Bank of England later in the global day. US index futures were also sharply lower. The BSE 30-share Sensex lost 271.10 points or 1.64%, off 283.27 points from the day’s high and up 36.15 points from the day’s low….
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MARKET REVIEW 3rd FEB, 2010
The key benchmark indices surged as strong response to NTPC’s follow-on public offer (FPO), robust services sector data for January 2010 and firm global stocks boosted investor sentiment. The BSE 30-share Sensex rose 332.61 points or 2.06%. Metal, consumer durables, realty, banking and capital goods stocks rose. Index heavyweight Reliance Industries (RIL) pared earlier gains. The market breadth was strong. All the sectoral indices on BSE were in the green…
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MARKET REVIEW 1st FEB, 2010
The key benchmark indices provisionally closed with small to decent gains after a strong intraday rebound triggered by upbeat economic data and higher monthly sales figures from two auto majors Maruti Suzuki and Mahindra & Mahindra. The latest data showed the manufacturing sector grew at its fastest pace in almost 1-1/2 years in January 2010….
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MARKET REVIEW 29th JAN, 2010
• The key benchmark indices staged a strong intraday rebound albeit in choppy trade as European stocks and US index futures rose. • Banking, realty and capital goods stocks gained. Index heavyweight Reliance Industries (RIL) edged higher. But FMCG and metal stocks fell…
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MARKET REVIEW 28th JAN, 2010
The key benchmark indices provisionally closed with small gains in what was a choppy trading session. Volatility was the order of the day as traders rolled over positions in the derivatives segment ahead of the expiry of the near-month January 2010 futures & options contracts today, 28 January 2010…
