I Rocked
SENSEX 17051.14 -423.35
NIFTY 5094.15 -127.55
NASDAQ 2176.05 +6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
The series of lacklustre sessions came to end Thursday as bears took charge taking support from weak Asian markets and pulled down benchmarks to crucial support levels. Indices opened lower tracking other peers after China directed banks to stop lending for the rest of January. China has been taking steps to check overheating of the economy and a week ago had raised its CRR rate. Foreign Institutional Investors who have been flooding the Indian markets with inflows have turned net sellers in past one week. Domestic institutions have also pulled out money in the past few sessions signaling some weakness in coming days. Bombay Stock Exchange’s Sensex closed at 17051.14, down 423.35 points or 2.42 per cent. The 30-share index hit a low of 17025.26 and high of 17474.49.
NIFTY 5094.15 -127.55
NASDAQ 2176.05 +6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
The series of lacklustre sessions came to end Thursday as bears took charge taking support from weak Asian markets and pulled down benchmarks to crucial support levels. Indices opened lower tracking other peers after China directed banks to stop lending for the rest of January. China has been taking steps to check overheating of the economy and a week ago had raised its CRR rate. Foreign Institutional Investors who have been flooding the Indian markets with inflows have turned net sellers in past one week. Domestic institutions have also pulled out money in the past few sessions signaling some weakness in coming days. Bombay Stock Exchange’s Sensex closed at 17051.14, down 423.35 points or 2.42 per cent. The 30-share index hit a low of 17025.26 and high of 17474.49.
National Stock Exchange’s Nifty ended at 5094.15, down 127.55 points or 2.44 per cent. The broader index touched a low of 5085.45 and high of 5220.35. We are expecting further downside in the market. Nifty is likely to move in the range of 4950/80-5150/80 in coming week. Short term traders should use rallies to book profits or go short for target of 4950BSE Midcap Index was down 2.39 per cent and BSE Smallcap Index slipped 2.47 per cent. All the sectoral indices were in the red. BSE Capital Goods Index was down 5.15 per cent, BSE Power Index declined 3.47 per cent and BSE Realty Index slipped 2.78 per cent. Investors hammered capital goods stocks after Larsen & Toubro reported disappointed numbers. L&T fell following disappointing results. The company’s standalone net profit rose to Rs 758.82 crore for the quarter ended December against Rs 1520.44 crore in the same quarter a year ago. Net sales stood at Rs 8071.37 crore against Rs 8593.96 crore . BHEL reported net profit of Rs 1072.59 crore for the quarter ended December against Rs 790.56 crore in the same quarter a year ago. Net sales grew to Rs 7100.34 crore for the quarter against Rs 6022.25 crore a year ago.
L&T (-6.59%), Siemens (-6.41%), Tata Power (-4.73%), BHEL (-4.51%) and Suzlon Energy (-3.83%) were amongst the top Sensex losers. Mahindra & Mahindra, up 0.31 per cent was the lone gainer in the 50-share index. ITC (0.97%), Hindustan Unilever (0.95%), Sun Pharma (0.86%) and Grasim (0.46%) were amongst the Nifty gainers.
Market breadth on BSE was sharply negative with 2369 declines against 537 advances.
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
Market breadth on BSE was sharply negative with 2369 declines against 537 advances.
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
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