SENSEX 17481.93 +17.08
NIFTY 5265.75
+07.30
USD/INR 0049.05 -00.14
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UPDATEDTIME 09.28 PM 03 NOVEMBER 2011
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The Bombay
Stock Exchange's Sensex bounced back from day's lows to close in the positive
terrain as sentiment in global markets turned bullish on expectations of a
constructive outcome on Greece's debt bail out plan.
Its been a day of action in Europe ahead of G20 meet. Greece's ruling party lawmaker Dimitris Lintzeris asked the Prime Minister George Papandreou to resign from his post over holding referendum on the chalked out bail-out plan. French President Nicolas Sarkozy and German Chancellor Angela Merkel also made clear that the country would not get aid until it agrees to the .
As per the media reports, Papandreou may not hold a referendum in December and is not going to resign.
Back home, the primary articles inflation for the week ended October 22 rose to 12.21 per cent against 11.43 per cent a week ago. Non food inflation was at 6.43 per cent against 7.63 per cent a week ago.
Reacting to the figures, Finance Minister, Pranab Mukherjee said that inflation was sill high due to festive demand. He added that high food inflation remained a race concern and primary articles inflation was up mainly on food price rise.
According to analysts, the benchmarks are likely to remain volatile due to uncertainties in the global markets. However, it seems that the benchmarks have formed an intermediate bottom and may move higher.
5200 is becoming key pivot on the downside. As long as we hold on to 5200 we should be fine and we should probably be heading to higher levels. Nifty will remain a bit sideways but a lot of individual action is picking up. Midcap stocks are breaking out so there is much greater value in looking for the next midcap which is likely to give you 7%, 8%, 10.
The Sensex ended at 17481.93, up 17.08 points or 0.10 per cent. The 30-share index touched intraday low of 17278.03 and high of 17527.10.
The National Stock Exchange's Nifty closed at 5265.75, up 7.30 points or 0.14 per cent. The broader index touched a high of 5281.60 and low of 5201.85 in trade today.
BSE Midcap Index was down 0.04 per cent.
Amongst the sectoral indices, BSE IT Index was down 0.73 per cent, BSE Auto Index declined 0.39 per cent, BSE Metal Index slipped 0.35 per cent and BSE FMCG Index was 0.19 per cent lower. BSE Power Index was up 1.64 per cent and BSE Realty Index advanced 1.55 per cent.
BHEL (4.18%), DLF (3.92%), Tata Power (3.23%), Bharti Airtel (2.15%) and Jaiprakash Associates (2.09%) were amongst the major Sensex gainers.
Hindustan Unilever (-2.08%), Tata Motors (-1.74%) Sterlite Industries (-1.70%), Tata Steel (-1.23%) and ICICI Bank (-0.98%) were amongst the major Sensex losers.
Market breadth was negative on the BSE with 1329 gainers against 1460 losers.
Meanwhile, the European indices have bounced back on hopes that the bail-out plan will be accepted without referendum. FTSE 100 was up 0.34 per cent, CAC 40 gained 1.44 per cent and DAX moved 1.82 per cent higher.
Its been a day of action in Europe ahead of G20 meet. Greece's ruling party lawmaker Dimitris Lintzeris asked the Prime Minister George Papandreou to resign from his post over holding referendum on the chalked out bail-out plan. French President Nicolas Sarkozy and German Chancellor Angela Merkel also made clear that the country would not get aid until it agrees to the .
As per the media reports, Papandreou may not hold a referendum in December and is not going to resign.
Back home, the primary articles inflation for the week ended October 22 rose to 12.21 per cent against 11.43 per cent a week ago. Non food inflation was at 6.43 per cent against 7.63 per cent a week ago.
Reacting to the figures, Finance Minister, Pranab Mukherjee said that inflation was sill high due to festive demand. He added that high food inflation remained a race concern and primary articles inflation was up mainly on food price rise.
According to analysts, the benchmarks are likely to remain volatile due to uncertainties in the global markets. However, it seems that the benchmarks have formed an intermediate bottom and may move higher.
5200 is becoming key pivot on the downside. As long as we hold on to 5200 we should be fine and we should probably be heading to higher levels. Nifty will remain a bit sideways but a lot of individual action is picking up. Midcap stocks are breaking out so there is much greater value in looking for the next midcap which is likely to give you 7%, 8%, 10.
The Sensex ended at 17481.93, up 17.08 points or 0.10 per cent. The 30-share index touched intraday low of 17278.03 and high of 17527.10.
The National Stock Exchange's Nifty closed at 5265.75, up 7.30 points or 0.14 per cent. The broader index touched a high of 5281.60 and low of 5201.85 in trade today.
BSE Midcap Index was down 0.04 per cent.
Amongst the sectoral indices, BSE IT Index was down 0.73 per cent, BSE Auto Index declined 0.39 per cent, BSE Metal Index slipped 0.35 per cent and BSE FMCG Index was 0.19 per cent lower. BSE Power Index was up 1.64 per cent and BSE Realty Index advanced 1.55 per cent.
BHEL (4.18%), DLF (3.92%), Tata Power (3.23%), Bharti Airtel (2.15%) and Jaiprakash Associates (2.09%) were amongst the major Sensex gainers.
Hindustan Unilever (-2.08%), Tata Motors (-1.74%) Sterlite Industries (-1.70%), Tata Steel (-1.23%) and ICICI Bank (-0.98%) were amongst the major Sensex losers.
Market breadth was negative on the BSE with 1329 gainers against 1460 losers.
Meanwhile, the European indices have bounced back on hopes that the bail-out plan will be accepted without referendum. FTSE 100 was up 0.34 per cent, CAC 40 gained 1.44 per cent and DAX moved 1.82 per cent higher.
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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