CLOSING BELL

Though the markets made good a part of their losses during the final hours of trade, they ended the day in the red. The BSE-Sensex ended lower by around 50 points, while the NSE-Nifty closed lower by about 9 points. The overall decline to advance ratio was poised at 0.8 to 1 on the BSE. Barring select stocks from the oil and gas and power sector, selling activity was witnessed in stocks across sectors with the pack led by banking, metal, fmcg and consumer durable spaces.Most of the other Asian markets ended the day deep in the red today. The European indices are currently trading in the green. Rupee was trading weaker at 48.68 against the US dollar at the time of writing.

Daily Market Outlook: 26 June 2009

Being a expiry for may contract it was expected to be a volatile day for the Indian equity market and it lived up to the expectations. While it witnessed a gap up opening in the morning and remained in positive zone till afternoon Session it crumbled in the closing hours. Now while he Sensex closed at 14345.62 (Down 77 points) Nifty closed at 4241.85 (Down 51.10 Points). On the Sectoral front Automobile and Oil sector indices declined significantly. The Delay in monsoon seems to be reason behind decline in auto index. But realty and Bankex remained firm during the whole session. Mid cap and Small Cap indices remained stagnant. The market breadth was positive With 1410 advances and 1214 declines.

Daily Market Outlook: 25 June 2009

The stock market opened on a positive note, but shed its early gains in the initial minutes of the trading itself. It hovered around yesterday’s close till afternoon but picked pace in the latter part of the day. However majority of action was witnessed in small cap and madcap space and few selected heavyweights. Nifty finally managed to close at 4292.95, up46 points. Volumes in Nifty future were in line with the average trading volumes. Around 8.0 lakh shares were added in open interest with an increase in the cost of carry indicating long accumulation. On the option front, implied volatility has decreased marginally indicating that buying may continue to emerge at lower levels and Nifty may trade with a positive bias.

MARKET OUTLOOK 24.06.2009

The market closed on a flat note on the back of much choppiness and volatility. After a day marked by weakness, the market came back spectacularly to close off the day's low. Sector like the oil & gas led in consolidating its gains. Sensex shut shop at 14324, down 2 points and Nifty at 4247, up 11 points from the previous close. CNX Midcap index was up 0.3% and BSE Smallcap index was down 0.1%. The market breadth was negative with advances at 514 against declines of 724 on the NSE. Top Nifty gainers included Grasim, ONGC and RIL while losers included National Aluminium, ICICI Bank and HDFC Bank.

market ended 22.06.2009

Indian markets ended with huge losses Monday as
investors continued to book profits across the board ahead
of June series F&O Expiry. Sentiments were also affected
with the poor opening of European markets and volatile US
stock futures Indices opened flat and were lackluster till
but gave away intra-day support with the poor opening of
European markets. The fall was triggered by index heavyweight
Reliance Industries. Traders have been exiting the stock ever since it lost
the gas distribution case against Reliance Natural Resources. Foreign institutional
investors were seen offloading Reliance Industries. Many stocks will be removed
from the F&O segment after this June series and they were being squared off.
Even global cues were not supportive we are expecting the Nifty to initially test
4115 level soon. The market breadth was negative - out of 2,675 shares traded,
1,493 declined and 1,114 advanced on the BSE.

MARKET VOICES 22.06.09

Market Voices 22 Jun 2009After a positive start and a subsequent fall this morning, the market rebounded smartly this morning only to plunge deep down into the red in afternoon trade.While the positive trend in Asian markets prompted a bright start, weakness in European markets and lower U.S. index futures sent stock prices tumbling down into the red this afternoon.The Sensex, after moving in a range of around 400 points - it touched a high of 14,668 and a low of 14,269 today -, provisionally ended at the day's low, recording a big loss of 252 points or 1.74%. The Nifty closed at 4222.70, down 90.90 points or 2.11%.Oil stocks, led by heavyweights Reliance Industries and ONGC declined sharply. Metals and realty stocks had a good spell but failed to hold at higher levels and ended on a weak note. Power, PSU, auto and IT stocks also ended lower. Select bank, capital goods and FMCG stocks posted notable gains.

MARKET OUTLOOK 22.06.09

After witnessing a slide in last two trading session markets today closed in positive zone. While the Sensex closed at 14521.89 (Up 256.36 points) Nifty closed at 4313.60 (Up 62.20 Points). But the ride was not smooth for the traders as the market remained highly volatile. In the morning, positive Asian markets helped the Sensex witness a gap up opening and further push the market ahead. But again there was some selling pressure in the afternoon session which took the market to negative zone. But the positive cues from European markets and sudden spurt in Reliance Industries helped the market recover sharply. On the sectoral front all the indices closed in green but capital good and realty were best performers. Market breadth was positive with 1345 advances and 1293 declines.

CLOSING BELL 18.06.09

CLOSING BELL 18.06.09

Persistent selling activity during the second half of today's trading session led the Indian markets into the negative territory, where they continued to languish for the rest of the trading session. The BSE-Sensex ended the day lower by about 260 points, while the NSE-Nifty closed lower by about 105 points. Stocks from the mid-cap and small-cap spaces too ended the day on a negative note, recording losses of 2.9% and 3.7% respectively. Barring stocks from the IT sector, selling activity was witnessed in stocks across the board led by realty, power and metals.Most other Asian markets ended the day in the red today. The European indices are currently trading mixed. Rupee was trading at 48.25 against the US dollar at the time of writing.

FOR 17 JUNE 2009

It started as a bad day for the global equity markets and India was no exception. In the morning Sensex opened gap down and immediately touched a low of 14621.97 showing a decline of more than 250 points. With global equity markets trading in red it was quite obvious. But despite the global weakness the Sensex managed to recover and closed in green. The scrips from Banking, PSU and Power sector lifted the Sensex in the positive zone. Surprisingly the madcap and small cap indices again outperformed the Sensex. While Sensex closed at 14957.91 Up 82.39 points, Nifty closed at 4517.80 up 33.80 points. Market breadth was positive with 1642 advances and 1007 declines.
Market Watch: (17-June-2009)
Nifty View (4518): the support for the Nifty is at 4465 and the resistance to the up move is at 4600
BSE Sensex (14958): Strong support for the Sensex is now 14900 after that 14800-14650 and the resistance to the up move is at 15265

MARKET VIEW 16 JUNE 2009

It was a bad day for Indian equity markets as the indices closes in red with deep cuts. While Sensex closed below 15000 mark at 14875.52 (Down 362.42 Points) Nifty closed at 4484 (Down 99.40 points). In the morning the weakness in the Asian markets was spilled over to Indian markets also and hence the indices opened in red. Then some buying happened in the Banking and Real Estate sector on account of rumors of CRR cut. But the heavyweight Reliance Industries declined and pulled the Sensex in negative zone. The reason being, Bombay High Court has recommended that RIL should ensure 28 mmscmd gas supplies to RNRL. On the Sectoral front only FMCG managed to close in green while all other indices closed in green. Metals, Capital goods and Oil indices were major losers. Market breadth was negative with 1876 declines and 767 advances.

15 JUNE 2009

The Sensex opened 42 points lower at 15,196, owing
to weak global cues. Thereafter, the index rebounded
into the positive zone to touch a high of 15,261. The
index, however, failed to hold gains and slipped after
the Bombay High Court's verdict on the RIL-RNRL gas
dispute case. Heavy selling by foreign investors pushed
the index to touch a low of 14,807, down 454 points.
The index kept on plunging on account of profit booking in the oil & gas, metal,
capital goods, realty and auto stocks. The BSE Oil & Gas slipped 4.5% to 10,036.
The Metal, Capital Goods, Realty, Auto, Consumer Durables, Power and
Technology indices were down 1-4% each. The Sensex, which was down for the
last three straight trading days, ended below crucial 15,000-mark today. The
index finally ended with a loss of 362 points, at 14,875.

13 june 2009

Another day of profit booking in stock markets and the indices ended the week close to flat. The Sensex ended 0.89% higher at 15,237.94 while the Nifty was flat at 4583.40 for the week. Among the broader indices, CNX Midcap Index fell 2% and BSE Small Cap Index declined 6.7%.
In the largecaps, Mahindra & Mahindra shot up 10% and Tata Power gained 9.2%. ABB and HDFC Bank were up 7.8% each. However, BPCL, Unitech, DLF and SBI slipped over 10% each. Suzlon was down 9.5%

Closing bell 11 june 09

After witnessing a volatile trading session today, the Indian markets ended the day on a weak note as selling activity increased during the final minutes. The BSE-Sensex ended lower by around 60 points, while the NSE-Nifty, closed lower by about 15 points. Stocks from the mid-cap and small-cap spaces ended the day on a negative note as well, recording losses of around 0.2% and 0.9% respectively. Stocks from the metal, auto and FMCG spaces managed to garner the investors' interest today, while stocks from the IT and energy sectors led the pack of losers.

Other Asian markets ended the day on a mixed note today. The European indices are currently trading in the green. Rupee was trading at 47.5 against the US dollar at the time of writing.

MARKET 09.06.09

STRUGLING off a listless start and none too encouraging global cues, the bulls went on a rampage and lifted the market to a buoyant close today.Buying was highly stock and sector specific in morning trade, but stocks across the board rallied higher as the session progressed. Expectations from Union Budget and hopes of a global economic recovery drove up stock prices today.The Sensex ended 461.08 points or 3.14% up at 15,127. The Nifty closed at 4559.10, up 129.20 points or 2.92%.Realty, information technology, metal and capital goods stocks were among the top gainers. There were strong gains for several FMCG, bank, telecom pharma and PSU stocks as well.

Globally the equity markets plunged today on account of poor economic data from the US markets. With the Jobless claims increasing and the housing starts declining the Asian markets opened on a cautious note and closed in red. Similarly the Indian markets opened in green but there after witnessed only one direction and that was downwards. After opening in green, while Sensex closed at 14665.92 (Down 437 Points), Nifty closed at 4429.90 (Down 157 points). On the sectoral front realty lost 10.54 per cent and even metals lost the sheen. Even Bankex, Consumer Durables and PSU indices were down by more than 4 per cent. We feel it was a combine effect of profit booking and weak global cues.

MARKET OUTLOOK 05 JUNE 09

Market Outlook: 05 June 2009
Today the Sensex faced a strong resistance at 14850-14860 levels. The market did take its time to consolidate and move forward and finally ended the day up by 137.78 points. Now the best part here is that the Sensex has closed above 15000 for the first time since the recovery started in March 2009. And this is a very good sign as it gives more comfort level for investors and also indicates that the Sensex could inch forward from these levels as well. Our sense says that the market will remain firm and move up steadily till the budget as there are lot of expectation from the UPA. Though their might some kind of profit booking as well, things are still looking bright for the Sensex. In fact most of the Asian markets are down, while Europeans arent much exciting either but still the Sensex finds a way of its own and closes on a positive note.
We expect a gap up opening for the Sensex tomorrow be Cautious on higher levels

After opening in the positive, Indian markets slummed down by noon and found it difficult to recover from the red ending 4 points (SENSEX) and 5.45 points (Nifty) down respectively. The Asian markets on the other hand traded in the positive and closed the day also in the green (except for TSEC which closed 55.94 points down). The Small cap Index stood its ground by gaining 2.11 percent at the closing as compared to the Mid cap Index. On the sectorial front, the FMCG Index gained the most by
closing 4.19 percent in the green. And the Banking Index lost the most closing 1.29 percent down. The advance decline ratio too was in favour of the former (70:30).The market breadth was positive with advances at 889 against declines of 378 on the NSE. Top Nifty gainers included Suzlon, Hindalco and ITC while losers were Cairn India, HCL Technologies and SAIL
Market Close in Red now we expect flat opening and be cautious on higher level because to sustain a positive trend from here is very difficult

Market Outlook: 03 June 2009

Our market opened gap up but turned weak and then recovered from the day's lows to end flat .It was a highly volatile day for the Indian equity markets. Although the market remained in the positive zone through out the day, high volatility kept the investor on their toes. In the morning, better manufacturing data from China helped the Asian markets to trade in positive zone, but the selling at every higher level kept the market gains under check. But finally the bulls managed to outshine bears and markets closed in green. Again the mid cap and small cap indices outperformed the Sensex with significant gains. On the Sectoral front the rally in stock market and some ease on liquidity front has helped the realty index surge ahead. Even metals managed to outperform.
The market breadth was positive with advances at 619 against declines of 650 on the NSE. Top Nifty gainers included Tata Steel, SAIL and HCL Technologies while losers were ACC, Ranbaxy and Reliance Infrastructure

TODAYS VIEW

Markets may take a hit, if expectations not metExtending the rally to the 12th successive week, markets have closed for the week ended at nine-month highs. On the BSE, the Sensex jumped 738 points to 14,625 and the Nifty scored double century to end at 4,449. Excellent market breadth could be gauged by the strong out-performance of CNX Midcap and BSE Smallcap indices.Buoyed by FII buying numbers, participation by retail investors increased triggering surge in volumes. Better than expected Q4 GDP number and reform statements like oil-price deregulation provided fodder for the bulls. With international crude oil prices showing firm uptrend and surge in the bullion and commodity prices, analysts expect some barricades in the path of a speedy economic recovery.