makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 27.10.2010 WEDNESDAY

Wednesday, October 27, 2010

MARKET ENDED 27.10.2010 WEDNESDAY

MARKET ENDED 27.10.2010 WEDNESDAY

SENSEX 20005.37 -216.02

NIFTY 6012.65 -69.35

NASDAQ 2485.94 -11.35

DJIA 10060.06 +19.61

S&P 500 1175.70 +09.94

HANG SENG 23164.58 -436.66

UPDATEDTIME 09.48 PM 27 OCT 2010

Indian markets ended on a weak note for second straight session Wednesday, as traders squared off positions ahead of October F&O expiry. All sectoral indices, except metals, ended in the negative terrain. Weak cues from European markets due to rise of US dollar also dampened sentiments.

National Stock Exchange’s Nifty ended at 6,012.65, down 69.35 points or 1.14 per cent. The index touched low of 5,987.55 and high of 6,075.95 in today’s trade.

Bombay Stock Exchange’s Sensex ended at 20,005.37, down 216.02 points or 1.07 per cent. The 30-share index touched a low of 19,923.71 and high of 20,220.58.
Nifty has a strong support at 5950. As long as this support holds Nifty can scale 6250. If this support is broken then a correction of 5-7 per cent is possible.
BSE Midcap Index was down 0.29 per cent and BSE Smallcap Index slipped 0.31 per cent.

Amongst the sectoral indices, BSE Realty Index was down 2.07 per cent, BSE FMCG Index fell 1.61 per cent and BSE Bankex slipped 1.19 per cent. BSE Metal Index ended 0.28 per cent higher.

Sugar, telecom, power and auto have seen strong rollovers. Stock-wise, IDFC, IDBI, Reliance Capital , Mercator Lines and Shipping Corporation of India can see 7-8 per cent higher.

NTPC (-3.14%), HDFC (-2.59%), Maruti (-2.44%) ICICI Bank (-2.23%), and ITC (-2.19%) were the top Sensex losers.

Reliance Communications (3.66%), M&M (1.63%), Tata Steel (1.48%), Hindalco (0.67%) and Sterlite Industries (0.52%) were some of the Sensex gainers.

Market breadth was positive on the BSE with 1727 declines against 1213 advances.

Meanwhile, European markets were in the red and Wall Street set to follow suit. At 5 pm IST , Dow Jones futures was down 0.33 per cent, S&P 500 slipped 0.47 per cent and Nasdaq declined 0.25 per cent.