European and Us Mkt trading in Big green !!!MARKET VIEW 01.12.2009
SENSEX 17198.27 272.05
SENSEX 17198.27 272.05
NIFTY 5122.00 89.30
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equities ended above psychological resistance levels on Tuesday as robust auto sales figures, positive global markets and than-expected GDP figures boosted investor sentiments. Indices opened higher in line with Asian markets and extended overnight gains as euphoria over 7.9 per cent second quarter GDP growth continued to attract investors. Monthly figures from auto companies also showed decent rise in sales. Indian economy is moving on a better-than-expected path. However, a clear picture would emerge with next quarter results
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equities ended above psychological resistance levels on Tuesday as robust auto sales figures, positive global markets and than-expected GDP figures boosted investor sentiments. Indices opened higher in line with Asian markets and extended overnight gains as euphoria over 7.9 per cent second quarter GDP growth continued to attract investors. Monthly figures from auto companies also showed decent rise in sales. Indian economy is moving on a better-than-expected path. However, a clear picture would emerge with next quarter results
Bombay Stock Exchange’s Sensex closed at 17,198.27, up 272.05 points or 1.61 per cent. The 30-share index touched a high of 17218.46 and low of 16947.46.
National Stock Exchange’s Nifty ended at 5122, up 89.30 points or 1.79 per cent. The broader index hit a high of 5130.35 and low of 5038.85 in today’s trade. “Nifty may see a rally of another 100 points but a correction of 5-10 per cent may set in at these levels
Market breadth was positive on the BSE with 2,031 gainers and 725 losers. The BSE Midcap Index was up 1.77 per cent and BSE Smallcap Index moved 2.15 per cent higher. Amongst the sectoral indices, BSE Realty Index surged 6.17 per cent, BSE Auto Index gained 2.90 per cent and BSE Healthcare Index advanced 2.55 per cent. Tata Motors (6.03%), Sun Pharma (5.62%), DLF (5.46%), Mahindra & Mahindra (4.84%) and Reliance Industries (3.30%) were amongst the top Nifty gainers. Hindustan Unilever (-1.95%), BHEL (-0.64%) and ONGC (-0.21%) were the only Nifty losers. Mahindra & Mahindra reported robust sales numbers for the month of November. The company’s total sales rose 96 per cent to 22,587 from 11,515 units. There were also reports that the Mahindra Group will restructure its top management by inducting several fresh faces into its key decision-making body to reflect the $6.7-billion conglomerate’s expanding business interests. The company has also signed an agreement with global weapon system manufacturer BAE Systems to form a joint venture defence company in India to focus on land-based systems. Maruti Suzuki India reported 66.57 per cent jump in total sales at 87,807 units during October against 52,711 units during the same month last year. The scrip ended 1.69 per cent higher.
shares of Areva T&D India closed over 2 per cent up on expectations of a possible open offer bid. French company Areva decided to sell its
power transmission and distribution network to French firms Alstom and Schneider Electric. Later in the day, finance Minister Pranab Mukherjee said that disinvestment in three power PSUs--NTPC, Rural Electrification Corporation and Satluj Jal Vidyut Nigam--would be completed during the current financial year. He added that 5 per cent stake will be offloaded in NTPC and REC. Shares of NTPC ended up 0.33 per cent and REC closed 2.59 per cent higher. European markets bounced back as fears of Dubai credit crisis eased. FTSE 100 was up 1.57 per cent, CAC 40 gained 1.86 per cent and DAX moved 1.87 per cent higher. US stock futures, too, were pointing to a positive start. At 5:30 pm, Dow Jones stock futures was up 0.71 per cent, S&P 500 moved 0.79 per cent higher and Nasdaq 100 gained 0.89 per cent.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
Group mail id: makin97NSEtips@yahoogroups.co.in
shares of Areva T&D India closed over 2 per cent up on expectations of a possible open offer bid. French company Areva decided to sell its
power transmission and distribution network to French firms Alstom and Schneider Electric. Later in the day, finance Minister Pranab Mukherjee said that disinvestment in three power PSUs--NTPC, Rural Electrification Corporation and Satluj Jal Vidyut Nigam--would be completed during the current financial year. He added that 5 per cent stake will be offloaded in NTPC and REC. Shares of NTPC ended up 0.33 per cent and REC closed 2.59 per cent higher. European markets bounced back as fears of Dubai credit crisis eased. FTSE 100 was up 1.57 per cent, CAC 40 gained 1.86 per cent and DAX moved 1.87 per cent higher. US stock futures, too, were pointing to a positive start. At 5:30 pm, Dow Jones stock futures was up 0.71 per cent, S&P 500 moved 0.79 per cent higher and Nasdaq 100 gained 0.89 per cent.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
Group mail id: makin97NSEtips@yahoogroups.co.in
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