MARKET OUTLOOK 31AUGUST 2009

SATYAM RUNS MORE FAST TODAY <><><><><><

After a strong rally of 1,100 points or 7.5%, the Indian markets
decided to take a breather. The key indices fell for the first time in
seven trading sessions, with the sentiment hurt by yet another
steep fall in the Chinese market. The first-quarter GDP growth,
which was in line with expectations and better than the previous
quarter, could not arrest the slide.
The Shanghai SE Composite tumbled by 6.7%, the most in over 12
months. China has played a party pooper several times over the past few days amid worries over its banking system and its fallout on its fast-growing economy. There have been reports recently that the Chinese government is trying to curb bank lending and rapid growth in infrastructure projects. The Shanghai Composite has dropped by over 20% from the year’s peak. Barring the Realty and the Auto stocks, all the other major sectors were under the bear attack. However, the Mid-Caps and the Small-Cap were in demand. Major offloading was seen in the IT, Telecom and the Metal stocks. Technically, on Friday, it was the fifth time the NSE Nifty was unable to absorb the selling pressure at around the 4720-30 levels. In the recent past after hitting the 4,730 levels, the Nifty has corrected nearly 8% in merely 10 trading sessions. Are we again in for an 8-10% downfall? Only time will tell. The BSE Sensitve index, or the Sensex ended down 255.70 points, or 1.61 per cent at 15,666.64.
OUTLOOK: 2 day swing still in buy (both previous buy and sell were whipsaws) with reversal at 4645 spot. Strong resistance at 4800.....this is the 61.8% retracement of the entire correction from 6400 to 2200.

MARKET ENDED THIS WEEK 29 AUGUST 09

THIS WEEK
29 AUGUST 2009

SENSEX: 15379 +634(4.30%) , NIFTY :4569 +194 (4.43%), MIDCAP : 5770 +296 (5.42%). BANK NIFTY :7386 +155 (2.14%)
The Nifty closed at 2009 peak ignoring any possible fallout from drought, inflation, and fund flows and of course global cues. Impressive rollover of derivatives contracts in the month of September boosted sentiment. Finally, the BSE 30-share Sensex and NSE Nifty closed the week higher by 4.5% each.
The BSE Sensex hit an intra-week high of 15,957.6 and low of 15,362. While, NSE Nifty hit an intra-week high of 4,743.7 and low of 4,536.9
The Foreign Institutional Funds purchased Rs20.76bn during the week and the Domestic Institutional Funds were net buyers to the tune of Rs13.88bn during the week.
The top gainers: The top gainers in the Sensex were Tata Motors (up 13.3%), Wipro (up 10.1%),
L&T (up 9.1%), Reliance Capital (up 8.3%) and DLF (up 8.1%).
The Top Losers: The top losers in the Sensex were Tata Steel (down 1.4%), ONGC (down 1.1%),
HDFC Bank (down 0.6%) and Hindustan Unilever (down 0.2%).
The BSE IT Index (up 8%): The top gainers in the IT sector were Mahindra Satyam (up 15.5%),
Wipro (up 10.1%), Oracle Financial (up 8.9%) and Mphasis (up 8.4%).
HCL Tech surged over 9% during the week. According to an IIFL report released in the week,
“Higher transitioning on new deals, mostly related to the infrastructure services space, led to a better-than-expected 4% QoQ growth in revenues (constant-currency) at HCL Tech during 4QFY09. being signed in 4QFY09 (for comparison, US$1.5bn of new deals were signed in 9mFY09).
Against other vendors, HCL Tech’s dependence on new deals is high (only 88% of HCL’s revenue in 4Q came from repeat business, vs ~99% at Infosys, Wipro and TCS) and the ebb in new deal flow would have a larger impact on its growth. Our concerns over the bankruptcy of a large customer, continued decline in its BPO business and poor demand environment for Axon remain. We maintain Reduce”.
The top loser was Sasken Communication. The stock fell 5% during the week.

MARKET VIEW 27 AUGUST 2009

BEST IN THE RACE TODAY
The NSE Nifty hit the 4,700 mark for the first time since first
week of August, 2009 however was unable to hold on to the
psychological level as the bulls and bears fought it out on
F&O expiry day. Volatile trades were witnessed throughout
the day with the small-cap and mid-cap stocks continuing to
play catch-up with their frontline counterparts. The
Consumer Durables, Capital Goods and Pharma stocks were
among the major gainers. Sensex opened 58 points lower at 15,712. The BSE benchmark index touched a low of 15,685 in early trades, and thereafter rebounded in the noon trades to touch a high of 15,854.
The market breadth was positive, out of 2,843 shares traded, 1,640 advancedand 1,126 declined today.
The export-oriented sectors hogged the limelight as the government announced the Foreign Trade Policy. Also the Cycle manufacturing companies were in demand.
Tata Steel group posted a loss of Rs22.1bn in the Q1 as against Rs39bn profit inthe same period last year. Group sales were at Rs231.8bn as against Rs422.7bn adecline of 46.5% YoY. Other income was at Rs2.04bn versus Rs526.9mn in the corresponding year.

WRONGLY POSTED

SOORY

MARKET VIEW 26AUGUST 2009

RUN MORE FAST AS EXPECTED
......>>>>>>>>>>>LETS SEE TOMMORRO

The Sensex rose to a three-week high, led by smart rally in IT stocks on
the BSE today, following consumer confidence surge in the US, the
largest market for software exporters. The conference board's
confidence index climbed to 54.1 in August, its first gain in last three
months.
The Sensex opened with a positive gap of 75 points. The Sensex experienced a brief slippage and touched a low of 15,695, after a report on industrial output was declared. The growth of six core infrastructure industries - petroleum refinery, crude oil, coal, electricity, cement and finished steel, decreased to 1.8% in July, as against 5.1% a year ago, as petroleum refinery output acted as a drag on the sector. However, the prevalent positive sentiment earlier in the day helped the markets to trade in the green for the rest of the day. The Sensex touched an intra-day high of 15,831, up 143 points and finally settled at 15,769, up 81 points. The NSE Nifty settled at 4,680, up 21 points. The BSE midcap and small cap indices outperformed the broader market. The midcap index advanced over 1% to 5,800 and the small cap index gained nearly 2% to close at 6,878. The market breadth was positive - out of 2,867 stocks, 1,941 advanced and 853declined today INDEXMOVERS...
Among the sectoral indices, IT index surged 3.5% to 4,272. Infosys rallied over 4% to Rs 2,181. TCS surged nearly 4% to Rs 548. Tech Mahindra gained 3.5% at Rs 921. Wipro added 2.5% to Rs 557.Sterlite soared nearly 4% to Rs 680. Reliance Communications gained nearly 2% to Rs 267.
Tata Motors, Tata Power and DLF added around 1.5% each to Rs 498, Rs 1,334 and Rs 399, respectively. Sun Pharma and ACC also advanced 1.5% to Rs 1,208 and Rs 799, respectively. Among the Nifty stocks, Axis Bank gained nearly 2% to Rs 933 and Suzlon was up 1.5% to Rs 93.
...AND THE SHAKERS
Hindustan Unilever declined over 2% to Rs 262. HDFC Bank shed 1.5% to Rs 1,459. Hero Honda was down over 1% to Rs 1,497. Among the Nifty losers, Jindal Steel and Ranbaxy slipped 2.5% to Rs 3,175 and Rs 335, respectively.

MARKET VIEW 25 AUGUST 2009

TATA NANO RUN TODAY FAST..............

Indian markets extended its upswing for the third straight trading session on Tuesday with the NSE Nifty closing above the 4650 levels. The BSE Sensex has added nearly 450 points in the last 3 days. Markets started off on a weak note mainly on the back of weak global cues coupled with selling pressure in the heavyweights.
However, a sharp pull back in the Shanghai Se Composite in China lifted the sentiments on Dalal Street invigorating the NSE Nifty to end above the 4,650 levels. The market breadth was marginally positive, out of 2,816 shares traded, 1,676 advanced and 1,066 declined so far on the BSE.
INDEX MOVERS...
Tata Motors zoomed 7% to Rs 490. Wipro advanced 4% to Rs 544. Reliance, Reliance Communication and Grasim Industries soared over 2% each to Rs 2,024, Rs 262 and Rs 2,666, respectively. NTPC, TCS and Larsen & Toubro were up 1.5% each.
THE SHAKERS
SBI slipped 2% to Rs 1,747. BHEL and Bharti Airtel were down over 1.5% each at Rs 2,302 and Rs 407, respectively. BPCL and Idea Cellular among the Nifty stocks were down 2% each at Rs 503 and Rs 80, respectively. Ranbaxy on the other hand gained 7% at Rs 344.

MARKET VIEW 24 AUGUST 2009

The Sensex opened 121 points higher at 15,363, also the day's
low, owing to firm cues from the global markets. Unabated
buying thereafter saw the index zoom to a high of 15,676. The
BSE benchmark finally ended at 15,629, up 388 points or 2.5%.
The Asian markets ended on a strong note. The Nikkei surged
343 points (3%) to 10,581. The Straits Times moved up 45 points
(2%) to 2,605 and the Seoul Composite increased 32 points (2%)
to 1,612. The Taiwan Weighted Index rallied 184 points (3%) to 6,838
All the sectoral indices ended in green . The BSE Realty index rallied 5% to 4,065. It was followed by Consumer Durables (3.5%), FMCG (3.5%), Metal (3%), Auto (3%), IT (2.5%) and Teck (2%) indices. The market breadth was extremely positive. Out of 2,825 shares traded, 2,033 advanced, 724 declined and 68 were unchanged on the BSE today. The Midcap and the small cap indices also fared well, up above 2.5% each. NSE Nifty ending above the 4,600 levels. It was a buying frenzy day aided by strong cues from the international equity markets including China. Technically as well the Nifty closed above its 20, 50 and 100 day moving average indicating a further up move cannot be ruled out. Monday’s rally was led by the Realty, Consumer Durables, FMCG and Capital Goods stocks. Even the Mid-Cap and the small participated in the upswing, infact the broader indices marginally
outperformed the benchmark Sensex and Nifty

WEEKLY CLOSING 21.08.2009

WEEKLY CLOSING IN RED
SENSEX : 15241 -171 ( -1.1%)
NIFTY : 4529 -51(-1.12%)
BANK NIFTY : 7377 -42 (0.56%)
MIDCAP5839 -102 (-1.72%)
HAPPY TRADING ROR NEXT WEEK

MARKET THIS WEEK

The BSE Sensex hit an intra-week high of 15,284 and low of 14,684 while, NSE Nifty hit an intra-week high of 4,578.8 and low of 4,353.
The top gainers in the Sensex were HDFC (up 5.4%), Ranbaxy Labs (up 4.9%), BHEL (up 4.6%), Maruti (up 2.9%) and HDFC Bank (up 2.7%).
The top losers in the Sensex were Cipla (down 8.2%), Tata Motors (down 7.4%),
Reliance Infra (down 6.8%), ACC (down 6.5%) and Reliance Capital (down 5.8%).
The BSE IT Index (down 0.6%): The top losers in the IT sector were Mahindra Satyam (down 4.7%), TCS (down 2.3%), Financial Tech (down 2.1%), Mphasis (down 1.9%) and Infosys (down 0.5%).
The mid-cap and the small-cap IT stocks were in demand throughout the week. The top gainers were Sasken Comm (up 8.9%), Oracle Financial (up 4.7%), HCL Tech (up 3.5%) and Wipro (up 0.3%).
The BSE Banking Index (0.0%): The top gainers in the banking sector were Yes Bank (up 9.2%),
Allahabad Bank (up 5.6%), HDFC Bank (up 2.7%), Andhra Bank (up 2.1%) and Axis Bank (up 1.4%).
The top losers were Bank of India (down 4.2%), Canara Bank (down 3.7%), Karnataka Bank (down 3.7%), Federal Bank (down 3.7%) and PNB (down 2.8%).
Inflation continued to be in the red for the tenth straight week. The annual rate of inflation stood at -1.53% for the week ended August 8, 2009 as compared to -1.74% for the previous week ended August 1, 2009, the Commerce & Industry Ministry said on Thursday. Inflation was at 12.82% during the corresponding period of the last year (week ended Aug. 9, 2009).
The Wholesale Price Index for 'All Commodities' for the week ended August 8, 2009 rose by 0.1% to 237.4 from 237.2 for the previous week.
The BSE Auto Index (down 0.6%): The top losers were Tata Motors (down 7.4%), Ashok Leyland (down 3%) and Swaraj Mazda (down 1.7%).

MARKET TIPS FOR ALL INVESTORS

Do not overtrade.

Do not trade on rumors.

Do not trade in all stocks of one sector.

It's better to buy the wrong stocks at the right time than to buy the right stocks at the wrong time.

Trade with the trends rather than trying to pick tops and bottoms.As long as a market is acting right, don't rush to take profits.

Don't buy something because it is low priced.

Money cannot be made everyday from the markets.

Avoid making average, when stock is coming down.

Don't watch or trade too many stocks at once

MARKRT STRAGEDY 21AUGUST 2009

BSE Sensex: (15012) we said ‘indicators wise it is still down and a move below 14685 is likely to be a water fall kind…. the setup is in the making but will it happen’ nothing that happened in trading on Thursday has changed the set up…technically market has returned from a strong technical resistance… the day ahead is a Friday and the market has traded range bound the entire week and so Friday should be crucial and so far the bias is Down…
The logical target for the Sensex is 14915-14685-14234 and the resistance is at 15256-15575
Nifty: (4453) the logical target for the Nifty is at 4359-4247 and resistance is at 4533-4632

TODAYS MARKET ie 20 AUGUST 09

Indian markets ended with smart gains on Thursday mainly on
the back of strong cues from the international equity markets.
Especially the Shanghai SE Composite index in China was a
major sentiment booster as the index staged a strong bounce
back, adding over 4.5% The interest rate sensitive stocks were in
demand, the Mid-Cap and the Small-Cap stocks also participated in the upsurge aiding the benchmark indices to end above psychological levels. However, the select Pharma and the FMCG stocks were under pressure. The market breadth was positive - out of 2,744 stocks, 1,525 advanced and 1,140 declined. INDEX MOVERS.........................
Mahindra & Mahindra surged over 5% to Rs 740. Maruti Suzuki and Hero Honda rallied 4.5% and 4% each to Rs 1,360 and 1,414, respectively. SBI surged 3.5% to Rs 1,752. Grasim, HDFC Bank and Tata Power gained 2.5% each to Rs 2,530, Rs 1,483 and Rs 1,280, respectively. Wipro and Infosys also added 2.5% each to Rs 505 and Rs 1,995, Respectively.Reliance Communications was up over 2% at Rs 245. Reliance Infrastructure, Tata Steel, ONGC, Sun Pharmaceuticals, BHEL, Sterlite, NTPC, ITC, Jaiprakash Associates added 1-2% each.
Reliance settled flat at Rs 1,898.

MARKET VIEW 20.08.2009

ADANI POWER FINNALY LISTED TODAY
Markets, though lost nearly 1% from day high, closed higher by 1.4% on the back of global strength. Sensex gained 202 points to close at 15012, while Nifty shut shop at 4453, up 59 points. China surged the most among all the Asian markets, putting on 4.5%. BSE Midcap and Smallcap indices gained 0.8% each. However, turnover at Rs. 80000 cr. was nearly 23% lower than that of yesterday. Inflation for the week ended August 8 came in at -1.53% as against -1.74% for the previous week. European markets were up by more than 1%, while US stock indices futures were marginally in the green.
All the BSE sectoral indices closed in green. Auto index and Bankex gained the most, up 2.6% and 1.8% respectively. Maruti and M & M were the top gainers among Sensex stocks, climbing 4.9% and 4.5% respectively, while Bharti was the sole loser, shedding 1.2%. BSE advance-decline ratio stood at 1.3:1.

WORLD MARKETS

DOW JONES 9279.16 +61.22 +0.66%
NASDAQ COMPOSITE 1969.24 +13.32 +0.68%
FTSE 4689.67 +3.89 +0.08%
CAC 3450.34 -0.35 -0.01%
DOW JONES INDUS. FUT. (8:30.am.) 9279.00 +3.00 +0.03%
NASDAQ 100 FUT. (8:30 am.) 1599.25 +0.50 +0.03%
SGX CNX NIFTY INDEX FUT. (8:30.am.) 4445.00 +43.00 +0.98%
NIKKEI 225 10279.19 +75.19 +0.74%
HANG SENG INDEX 20244.72 +290.49 +1.46%
STRAITS TIMES INDEX 2536.97 +14.19 +0.56%
SHANGHAI COMP. INDEX 2822.99 +37.40 +1.34%

MARKET OUTLOOK IN MORNING

MORNING MANTRA
The market may open in green on positive global cues. The Central Statistical Organisation (CSO) will today unveil inflation data for the year through 8 August 2009. Asian stocks gained, led by energy and finance companies, as oil prices rallied and QBE Insurance Group Ltd. reported higher first-half profit. U.S. stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.According to provisional data on NSE, foreign funds sold worth a net Rs622.06 crore on 18 Aug’2009. Domestic funds bought shares worth a net Rs 83.77 crore on that day

MARKET OUTLOOK 18.08.2009

After yesterday’s mayhem, markets saw a steady recovery throughout today’s trading session on the back of improving global cues. Sensex gained 250 points to close at 15035, while Nifty ended at 4459, up 71 points. BSE Midcap and Smallcap indices gained 2.1% each. Turnover at Rs. 94600 cr. was nearly 4% higher than that of yesterday. European markets were up by about 0.5% ahead of the key US housing figures. US stock indices futures were up nearly two third of a percent.
All the BSE sectoral indices finished in green. Capital Goods index was the top gainer, up 3.6%, followed by Realty index, which gained 2.4%. Hindalco surged 6.1%, top gainer among Sensex stocks, followed by JP Associate, which gained 4.7%. Infosys and Grasim lost 0.6% and 0.4% respectively. BSE advance-decline ratio stood at 1.9:1

geared up for up trend 15700

Positive sentiments pushing stock markets up
The stock markets around the world are in a bullish mode
thanks to the positive sentiments prevailing. There are some
areas of concern but presently the positive sentiments are
overbearing, and the markets are moving up as large investors
are pouring money in. There have been heavy inflows into the
domestic markets from foreign investors over the last few
months, and as a result, the stock markets scaling the highest levels of this year

WISH U ALL A HAPPY IDEPENDENCE DAY

WISH U ALL A HAPPY IDEPENDENCE DAY

BEST WISHES FROM RAKESH MAKIN & FAMILY 9915684997

WISH U ALL A HAPPY IDEPENDENCE DAY

WISH U ALL A HAPPY IDEPENDENCE DAY

BUULS ON RAMPAGE

Markets boosted by government's big bang tax reform plansand positive cues from the global markets. The governmentproposed to bring down corporate tax to 25%, and abolishSecurities Transaction Tax (STT). Removing levy on thesecurities is likely to lead to higher volumes as the cost oftransactions goes down.
The US Federal Reserve's decision to let interest rates remain unchanged and positive outlookof an economic recovery saw the market opening with a huge positive gap of 188 points at15,208. Unabated buying thereafter saw the index rally to higher levels as the day progressed.Realty and metal stocks led the rally with significant gains. The Sensex touched ahighof 15,545
AT the fag end of the day, and finally settled at 15,518 - up 498 points. The Nifty ended at 4,605- up 148 points. Earlier in the day, the index opened at 4,459 and touched a high of 4,614The market breadth was extremely positive. Out of 2,794 stocks traded 2,215 advanced whileonly 517 declined.

MARKET TODAY 13.08.2009

Market clears the important hurdle, once again at 15160-15300 & 4480-4540 under the shadow of Global Cue, which has encourage Bulls to go aggressive and trap Bears.
Riding with the Bulls is advisable, as this should be a challenge to recent high. However, this (follow-up) needs to be a very cautious, i.e. with strict discipline and selective, as it is a vertical move and lacking the volume.
For this one should remain positive above the 15400-300/4560-35, as these are the crucial levels Sensex & Nifty need to sustain for the ongoing (fresh) positive bias.

MARKET ENDED 11.08.2009

The Sensex opened flat at 15,000 on Tuesday and slipped to a low of 14,864 within minutes of the opening bell. The index languished in the red as concerns grew following the Finance Minister's statement that 161 districts are prone to be hit by drought due to lack of rains. However, positive sentiments about the country's GDP growth helped the index to rebound and touch a high of 15,218 - up 354 points from the day's low. The markets witnessed some volatility before close of the day, wherein both the major indices dipped into red only to bounce back into green. The Sensex finally ended at 15,075 - up 65 points. The Nifty crossed the 4,500 mark and touched a high of 4,511. The NSE index finally ended at 4,471 - up 34 points. The market breadth was marginally positive. Out of 2,733 stocks traded 1,356 advanced while 1,282 declined.

WEEKLY REPORT 08.08.09

Weekly market report 08.08.2009
Sensex : 15160 -510 (-3.26%)
Nifty : 4636 -155.05 (-3.34%)
Midcap :5433 -516.95 (-8.69%)
Nifty struck a new 2009 high this week. But the bull’s victory was short-lived. Concerns on the monsoon deficit and its wider fallout on the economy, especially on food prices and apprehension over the drought spreading across the country coincided with profit booking across the board. Finally, the NSE Nifty and BSE Sensex closed the week lower by 3.3%.
The BSE Sensex hit an intra-week high of 16,002 and low of 15,104 while, NSE Nifty intra-week high of 4,731 and low of 4,464.
The top gainers: in Sensex were Reliance Industries (up 2.2%), Wipro (up 2%)
and Hindalco (up 1%).
The Top Losers: in the Sensex were Maruti Suzuki (down 8.6%), ITC (down 7.9%),
Hero Honda (down 7.9%), Hindustan Unilever (down 7.5%), and DLF (down 7.3%). The IPO of NHPC, which opened for subscription on 7 August 2009, was subscribed 3.33 times, data on NSE website showed. The IPO received bids for 558.37 crore shares compared to the issue size of 167.7 crore shares. NHPC is planning to raise Rs 6,040 crore at the upper end of the issue price band of Rs 36. The government kickstarts the divestment process by selling shares in NHPC.
NHPC is selling 167.7 crore shares comprising of 5% divestment of stake by thegovernment and infusion of 10% fresh equity. The strong response for the first state-run IPO in 18 months could embolden the government to sell stake in more firms. Steel minister Virbhadra Singh said that the government has identified two state run steel firms for stake sale and may sell 20% stake in these firms.
Investors continue to bet that the government will undertake economic reforms which may boost economic growth and corporate earnings. The Q1 June 2009 results of India Inc were encouraging, with lower costs helping bottomline growth. The combined net profit of 3,091 companies rose 17% to Rs 73712 crore on 5% fall in sales to Rs 722557 crore in Q1 June 2009 over Q1 June 2008.

bullish market today 06August 2009

The Sensex witnessed vertical fall in the late trades to plunge to
a low of 15,443, down 527 points from the day's high, owing to
aggressive selling in auto, realty, metal and FMCG stocks. The
BSE benchmark index today opened 22 points lower at 15,881.
The index languished in the negative terrain for the first half of
the day. Afterwards the Sensex managed to bounce into
positive and touch a high of 15,970. However, heavy selling
after 1400 hrs saw the index slide to lower levels. The Sensex finally settled at 15,514, down 389 points. The Auto index led the decline, followed by Realty, Metal and FMCG indices. The BSE Auto index shed 4.4% at 5,677. The Realty, Metal and FMCG indices dropped 3-3.7% each.
The NSE Nifty closed at 4,585, down 108 points. The index slipped to a low of 4,559 towards the end of the trading session, down 159 points from the day's high of 4718.The market breadth was negative - out of 2,765 stocks, 1,607 declined, while 1,084 advanced today

TODAYS NICE MARKET 05.08.2009

AND

MADE FULL EFFORTS TO PULL MARKET

The Sensex opened 52 points higher and soon touched a high of 15,973, up 143 points. The index, however, slipped into red and touched a low of 15,695, down 278 points from day's high, owing to follow-up selling. LateR in the day, the Sensex rebounded and finally settled at15,903, up 72 points. The NSE Niftyclosed at 4,694, up 13 points. In theprocess, the BSE index today ended near its highest close so far this year. The index recorded its highest closing for this year at 15,924 this Monday, up 65% from its close on Dec 31, 2008.Similarly, other sectoral indiceshave also posted smart gains from year-till-period. The Metal and Autoindices have out-performed theSensex by a wide margin. The BSEMetal index soared 145.82% from its close on Dec 31, 2008, backed by surge in base metal prices. The BSE Auto index zoomed 145.71% fromits close on last year end, backed by strong sets of numbers in the first quarter

MARKET VIEW 04.08.09

After struggling nearly for a year the BSE Sensex managed to
kiss the sweet 16,000 mark for the first time in 12-months.
Indian markets ended in the red for the first time in three
trading sessions on concerns of valuations contemplating that
the market may have risen too far, too fast After hitting 16k in
the early trades bulls were unable to build on to the start as
traders and investors preferred to book some profits at higher
levels. The Telecom, Power and the Pharma stocks witnessed some offloading even the Mid-Cap and the Small-Cap stocks witnessed selling pressure.Sustained selling in the Realty and Power stocks pulled the Sensex to a low of 15,699, down 303 points from days high. However, late buying’s in Consumer Durables and Auto stocks led
the index to recoup some of its losses and finally settle at 15,830, down 93 points.
The NSE Nifty closed at 4,680, down 30 points. The market breadth was positive -out of 2,790
stocks, 1,476 advanced, while 1,246 declined.

MARKET VIEW 03.08.2009

The NSE Nifty hit new 2009 highs in the late trades on Monday surging past the 4700 mark for the first time since June 6, 2008. The BSE Sensex advanced 254
points or 4.6% at 15,924 after touching a high of 15,963 and a low of 15,608. The index opened at 15,695 against the previous close of 15,670. The NSE ++++++++++++++++++++++++++++++++++++++
Nifty advanced 75 points or 1.6% to shut shop at 4,711. Among the BSE sectoralindices, the Auto index was the top gainer, gaining 4.6%, followed by the Realtyindex that was up 4.1%. The BSE Metal index up 3.4% and the BSE Power indexwas up 2.1%. The BSE Mid-Cap index gained 2.3% and the BSE Small-Cap indexended higher by 1.7%. The market breadth remains fairly positive, out of 2,751shares traded, 1,641 have advanced and 1,032 have declined so far on the BSE

MARKET VIEW

Heavy short-covering owing to the derivatives expiry, saw
the market’s surge towards the end of the day. The Sensex
today opened in the red at 15,169 and slipped further to a
low of 15,065. The index, however, rebounded on positive
global cues. The index soared 345 points from the low to a
high of 15,410 near the end of the day. The Sensex finally
ended at 15,388 - up 214 points.
The BSE Mid-cap and Small-cap indices were underperformers and gained 29 points and 49 points, respectively. The BSE IT, FMCG and Bankex added around 2.5% each. The Nifty, meanwhile, ended with a gain of 58 points at 4,571. The index today surged to a high of 4,582 - up 107 points from the low of 4,475. The markets have ended in the positive zone for the first time in the week. The market breadth was fairly positive. Out of 2,758 stocks traded 1,503 advanced while 1,170 declined on the BSE.