WE ALL PERFORMED TODAYSENSEX 17474.49 -11.57
NIFTY 5221.70 -3.95
NASDAQ 2176.05 +6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equities ended a lacklustre session little changed on Wednesday as traders lacked conviction to buy at higher levels. Subdued global indices also impacted sentiments. Analysts are of the view that the market will remain rangebound in absence of triggers and may see some knee-jerk reaction following Reserve Bank of India’s policy review this month end. Market opened higher but failed to find support from Asian peers and drifted lower. Though the indices have been moving in a narrow range, experts are bullish and expect a breakout. Nifty is likely to continue to consolidate between 5150-5250 up to expiry. But we are expecting a breakout next month. Once Nifty moves above 5300 it will head towards 5500 range. Infrastructure, PSU and consumer durables look positive while FMCG, healthcare and capital goods will underperform.
NIFTY 5221.70 -3.95
NASDAQ 2176.05 +6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equities ended a lacklustre session little changed on Wednesday as traders lacked conviction to buy at higher levels. Subdued global indices also impacted sentiments. Analysts are of the view that the market will remain rangebound in absence of triggers and may see some knee-jerk reaction following Reserve Bank of India’s policy review this month end. Market opened higher but failed to find support from Asian peers and drifted lower. Though the indices have been moving in a narrow range, experts are bullish and expect a breakout. Nifty is likely to continue to consolidate between 5150-5250 up to expiry. But we are expecting a breakout next month. Once Nifty moves above 5300 it will head towards 5500 range. Infrastructure, PSU and consumer durables look positive while FMCG, healthcare and capital goods will underperform.
National Stock Exchange’s Nifty ended at 5221.70, down 3.95 points or 0.08 per cent. The 50-share index hit a high of 5256.70 and low of 5201.40 intraday. Bombay Stock Exchange’s Sensex closed at 17,474.49, down 11.57 points or 0.07 per cent. The index touched an intraday high of 17590.59 and low of 17425.05. BSE Midcap Index was down 0.27 per cent while BSE Smallcap Index edged up 0.07 per cent. Amongst the sectoral indices, BSE Realty Index fell 1.91 per cent, BSE PSU Index slipped 1.25 per cent and BSE Oil&gas Index declined 1.31 per cent. BSE Metal Index was up 0.46 per cent and BSE Auto Index gained 0.43 per cent. In the Sensex pack, Jaiprakash Associates (-3.12%), ONGC (-2.92%), Sterlite Industries (-1.79%), DLF (-1.76%) and Wipro (-1.63%) ended with losses. Wipro’s consolidated net sales for quarter ended December stood at Rs 6963.40 crore against Rs 6940.20 crore. Net profit rose to Rs 1217.40 crore against Rs 1161.70 crore. Bharti Airtel (3.41%), Maruti Suzuki (2.62%), Tata Steel (2.49%), Hindalco Industries (1.78%), ICICI Bank (1.59%) resisted the fall. Market breadth on BSE was negative with 1689 declines outnumbering 1220 advances. European markets were in the red as profit booking emerged in banks. US stocks are likely to follow suit. At 5 pm IST, Dow Jones futures was down 0.39 per cent, S&P 500 slipped 0.45 per cent and Nasdaq 100 was down 0.48 per cent.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
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/makin97NSEtipsGroup mail id: makin97NSEtips@yahoogroups.co.in
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
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/makin97NSEtipsGroup mail id: makin97NSEtips@yahoogroups.co.in
GOOD NIGHT
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