SENSEX 16876.54 +166.94
NIFTY 5075.70
+63.15
NASDAQ 2591.73 +19.18
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UPDATEDTIME 09.28 PM 15 SEPTEMBER 2011
|
Indian
markets, after lying rangebound for major part of the day, bounced back buoyed
by positive cues from European markets. The pull-back was led by rate sensitive
sectors ahead of the Reserve Bank of India's policy review meet. According to
the dealers, traders have factored in 25 basis points hike by the RBI and any
further hike would result in sharp correction.
Rally in technology stocks continued for second straight session on the back of weak Indian rupee which was at 47.57 per dollar against close of 47.62 in last session. According to analysts if the rupee depreciates one per cent against the dollar it improves margins of Indian IT companies by 30 basis points.
National Stock Exchange's Nifty closed at 5075.70, up 63.15 points or 1.26 per cent. The broader index touched a high of 5091.45 and low of 4967.45 in trade today.
Bombay Stock Exchange's Sensex ended at 16876.54, up 166.94 points or 1 per cent. The 30-share index touched intraday low of 16545.47 and high of 16922.40.
"Nifty has given a sustainable close above its resistance of 5050 levels, now if it sustains above 5120 levels, it may gain further momentum towards 5180 levels. On the downside, 5050-5000 levels may act as support zones for the market.
On the contrary, VIX index is still trading above 30 levels, inspite market gaining positive momentum, this is on account of the RBI's meet which will be held tomorrow which may keep the market volatile.
BSE Midcap Index was up 0.55 per cent and BSE Smallcap Index edged 0.26 per cent higher.
BSE Realty Index surged 3.53 per cent, BSE IT Index moved 2.10 per cent higher, BSE Banked advanced 1.82 per cent and BSE Auto Index gained 1.65 per cent. BSE Capital Goods Index moved 0.67 per cent lower and BSE FMCG Index slipped 0.32 per cent.
Tata Motors (5.68%), DLF (4.20%), State Bank of India (3.69%), Sterlite Industries (3.15%) and Infosys Technologies (2.85%) were major Sensex gainers.
L&T (-1.15%) BHEL (-1.10%), Hindustan Unilever (-0.88%), ONGC (-0.69%) and Maruti Suzuki (-0.68%) were the major losers.
The labour unrest at Maruti Suzuki India's Manesar plant turned violent today when a group of supervisors were attacked on their way to work, with five of them sustaining injuries. According to the police, one Dhiraj Soni, a worker at the Manesar plant of the company, has been detained in relation to the incident.
According to reports the company will close its two factories on Friday after the unrest spread to Suzuki Powertrain, say reports.
Market breadth was positive on the BSE with 1545 gainers against 1235 losers.
Regards
Rally in technology stocks continued for second straight session on the back of weak Indian rupee which was at 47.57 per dollar against close of 47.62 in last session. According to analysts if the rupee depreciates one per cent against the dollar it improves margins of Indian IT companies by 30 basis points.
National Stock Exchange's Nifty closed at 5075.70, up 63.15 points or 1.26 per cent. The broader index touched a high of 5091.45 and low of 4967.45 in trade today.
Bombay Stock Exchange's Sensex ended at 16876.54, up 166.94 points or 1 per cent. The 30-share index touched intraday low of 16545.47 and high of 16922.40.
"Nifty has given a sustainable close above its resistance of 5050 levels, now if it sustains above 5120 levels, it may gain further momentum towards 5180 levels. On the downside, 5050-5000 levels may act as support zones for the market.
On the contrary, VIX index is still trading above 30 levels, inspite market gaining positive momentum, this is on account of the RBI's meet which will be held tomorrow which may keep the market volatile.
BSE Midcap Index was up 0.55 per cent and BSE Smallcap Index edged 0.26 per cent higher.
BSE Realty Index surged 3.53 per cent, BSE IT Index moved 2.10 per cent higher, BSE Banked advanced 1.82 per cent and BSE Auto Index gained 1.65 per cent. BSE Capital Goods Index moved 0.67 per cent lower and BSE FMCG Index slipped 0.32 per cent.
Tata Motors (5.68%), DLF (4.20%), State Bank of India (3.69%), Sterlite Industries (3.15%) and Infosys Technologies (2.85%) were major Sensex gainers.
L&T (-1.15%) BHEL (-1.10%), Hindustan Unilever (-0.88%), ONGC (-0.69%) and Maruti Suzuki (-0.68%) were the major losers.
The labour unrest at Maruti Suzuki India's Manesar plant turned violent today when a group of supervisors were attacked on their way to work, with five of them sustaining injuries. According to the police, one Dhiraj Soni, a worker at the Manesar plant of the company, has been detained in relation to the incident.
According to reports the company will close its two factories on Friday after the unrest spread to Suzuki Powertrain, say reports.
Market breadth was positive on the BSE with 1545 gainers against 1235 losers.
Regards
RAKESH MAKIN
+91,
9041667797(DIRECT), 9915684997
OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Group mail id: makin97NSEtips@yahoogroups.co.in
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