WERE TODAYS GAINERS 
SENSEX 16862.81 +149.48
NIFTY 5064.30
+47.10
NASDAQ 2437.97 -42.36
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UPDATEDTIME 09.28 PM 06 SEPTEMBER 2011
|
Indian
markets witnessed a sharp pull-back and closed near intermediate resistance
levels taking cues from positive European peers. Oil&gas, technology and
capital goods led the upmove while realty and pharma led the losers pack.
The rate sensitive sectors are expected to remain volatile in the near term ahead of Reserve Bank of India's mid-quarter monetary policy meet. The wholesale price index inflation data for the month of August will be out on September 14.
India's food price index rose 10.05 percent and the fuel price index climbed 12.55 percent for the week ended August 20.
According to United Nations Conference on Trade and Development report, India's economic growth rate is likely to climb down to 8.1 per cent in 2011 from 8.6 percent in the previous year.
Meanwhile, rating agency Moody's has issued a positive outlook on government's rupee debt which indicates that it is primed for an upgrade because of the Centre's efforts to develop the market for these bonds.
Mood of the Indian market turned positive after Moody's upgraded India's debt rating. The upmove was also aided by positive European markets. Investors should be cautious as market is yet to consolidate.
National Stock Exchange's Nifty ended at 5064.30, up 47.10 points or 0.94 per cent. The broader index touched a high of 5072.90 and low of 4942.90 in trade today.
Bombay Stock Exchange's Sensex closed at 16862.81, up 149.48 points or 0.89 per cent. The 30-share index touched intraday low of 16488.30 and high of 16894.73.
BSE Midcap Index was up 0.59 per cent and BSE Smallcap Index edged 0.71 per cent higher.
Amongst the sectoral indices, BSE Oil&gas Index was up 2.78 per cent, BSE IT Index gained 1.16 per cent and BSE Capital Goods Index advanced 1.09 per cent. BSE Realty Index was down 2.04 per cent and BSE Healthcare Index moved 0.16 per cent lower.
Reliance Industries (4.05%), M&M (3.31%), Jaiprakash Associates (2.79%), Jindal Steel (2.38%) and Sterlite Industries (2.21%) were amongst the major Sensex gainers.
Shares of Mahindra & Mahindra moved higher after reports that the company has hiked vehicle prices by up to 2% for the Indian market.
DLF (-4.43%), Sun Pharma (-2.40%), Bharti Airtel (-1.81%), Bajaj Auto (-1.49%) and NTPC (-1%) were amongst the losers.
Market breadth was positive on the BSE with 1633 gainers against 1169 losers.
The rate sensitive sectors are expected to remain volatile in the near term ahead of Reserve Bank of India's mid-quarter monetary policy meet. The wholesale price index inflation data for the month of August will be out on September 14.
India's food price index rose 10.05 percent and the fuel price index climbed 12.55 percent for the week ended August 20.
According to United Nations Conference on Trade and Development report, India's economic growth rate is likely to climb down to 8.1 per cent in 2011 from 8.6 percent in the previous year.
Meanwhile, rating agency Moody's has issued a positive outlook on government's rupee debt which indicates that it is primed for an upgrade because of the Centre's efforts to develop the market for these bonds.
Mood of the Indian market turned positive after Moody's upgraded India's debt rating. The upmove was also aided by positive European markets. Investors should be cautious as market is yet to consolidate.
National Stock Exchange's Nifty ended at 5064.30, up 47.10 points or 0.94 per cent. The broader index touched a high of 5072.90 and low of 4942.90 in trade today.
Bombay Stock Exchange's Sensex closed at 16862.81, up 149.48 points or 0.89 per cent. The 30-share index touched intraday low of 16488.30 and high of 16894.73.
BSE Midcap Index was up 0.59 per cent and BSE Smallcap Index edged 0.71 per cent higher.
Amongst the sectoral indices, BSE Oil&gas Index was up 2.78 per cent, BSE IT Index gained 1.16 per cent and BSE Capital Goods Index advanced 1.09 per cent. BSE Realty Index was down 2.04 per cent and BSE Healthcare Index moved 0.16 per cent lower.
Reliance Industries (4.05%), M&M (3.31%), Jaiprakash Associates (2.79%), Jindal Steel (2.38%) and Sterlite Industries (2.21%) were amongst the major Sensex gainers.
Shares of Mahindra & Mahindra moved higher after reports that the company has hiked vehicle prices by up to 2% for the Indian market.
DLF (-4.43%), Sun Pharma (-2.40%), Bharti Airtel (-1.81%), Bajaj Auto (-1.49%) and NTPC (-1%) were amongst the losers.
Market breadth was positive on the BSE with 1633 gainers against 1169 losers.
Regards
RAKESH MAKIN
+91 9915684997,
9041667797(DIRECT)
OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Group mail id: makin97NSEtips@yahoogroups.co.in
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