WERE TODAY'S GAINERS
SENSEX 16882.67 -236.07
NIFTY 5068.05
-79.85
USD/INR 0050.62 +00.21
|
UPDATEDTIME 09.28 PM 15 NOVEMBER 2011
|
The Bombay
Stock Exchange's Sensex fell sharply and closed near important support levels
mirroring losses in European indices on concerns over eurozone crisis. The
worst hit were stocks from broader markets on the back of disappointing
quarterly earnings reports from midcap and smallcap companies.
According to analysts, the market trend seems to have turned bearish in nature and traders should look at going short as the National Stock Exchange's benchmark Nifty may slip below 5000 levels.
The bias will be clearly on short side. We were looking at a decisive break of 5150 as they indicated that the market could strike even further and we kept a trigger at about 5130-5120 odd levels. Today when these levels were violated we saw some kind of strong selling emerge and my sense is that it clearly signals that the short term momentum is on the downside.
I suspect that you will see a selling probably dominated for next few days and 4960 would be a level to watch out for. Broadly 4960-4990 is the first support level and I hope we do not break below that because if that were to happen I think a retest of 4800 could be on cards.
The Nifty ended at 5068.50, down 79.85 points or 1.55 per cent. The broader index touched a high of 5158.75 and low of 5052.85 in trade today.
The Sensex ended at 16882.67, down 236.07 points or 1.38 per cent. The 30-share index touched intraday low of 16837.56 and high of 17172.09
BSE Midcap Index was down 2.58 per cent and BSE Smallcap Index fell 2.77 per cent.
Amongst the sectoral indices, BSE Realty Index fell 5.22 per cent, BSE Capital Goods Index was down 2.77 per cent, BSE Power Index declined 2.14 per cent and BSE Bankex slipped 2.02 per cent.
DLF (-6.66%), Jaiprakash Associates (-5.84%), M&M (-3.97%), ICICI Bank (-3.70%) and Larsen & Toubro (-2.81%) were amongst the major Sensex losers.
According to analysts, the market trend seems to have turned bearish in nature and traders should look at going short as the National Stock Exchange's benchmark Nifty may slip below 5000 levels.
The bias will be clearly on short side. We were looking at a decisive break of 5150 as they indicated that the market could strike even further and we kept a trigger at about 5130-5120 odd levels. Today when these levels were violated we saw some kind of strong selling emerge and my sense is that it clearly signals that the short term momentum is on the downside.
I suspect that you will see a selling probably dominated for next few days and 4960 would be a level to watch out for. Broadly 4960-4990 is the first support level and I hope we do not break below that because if that were to happen I think a retest of 4800 could be on cards.
The Nifty ended at 5068.50, down 79.85 points or 1.55 per cent. The broader index touched a high of 5158.75 and low of 5052.85 in trade today.
The Sensex ended at 16882.67, down 236.07 points or 1.38 per cent. The 30-share index touched intraday low of 16837.56 and high of 17172.09
BSE Midcap Index was down 2.58 per cent and BSE Smallcap Index fell 2.77 per cent.
Amongst the sectoral indices, BSE Realty Index fell 5.22 per cent, BSE Capital Goods Index was down 2.77 per cent, BSE Power Index declined 2.14 per cent and BSE Bankex slipped 2.02 per cent.
DLF (-6.66%), Jaiprakash Associates (-5.84%), M&M (-3.97%), ICICI Bank (-3.70%) and Larsen & Toubro (-2.81%) were amongst the major Sensex losers.
Jaiprakash Associates posted net profit of Rs 128.65 crore for quarter
ended September 30, 2011 as compared to Rs 115.52 crore in the same quarter a
year ago. Total income increased to Rs 3188.43 crore from Rs 3075.21 crore.
Cipla (6.51%), Tata Motors (1.91%) and HDFC Bank (0.23%) were the only Sensex gainers.
Cipla reported a 17.47 per cent increase in its net profit to Rs 308.97 crore for the quarter ended September 30, 2011 due to improved sales within the country and overseas. The company had posted a net profit of Rs 263.01 crore for the quarter ended September 30, 2010.
Net sales of the company for the quarter ended September 30, 2011 stood at Rs 1,731.83 crore as against Rs 1,579.88 crore for the corresponding period previous fiscal.
Tata Motors reported standalone net profit of Rs 102.02 crore for quarter ended September 2011 against Rs 432.70 crore in the same quarter a year ago. Net sales were at Rs 12886.18 crore as against Rs 11449.61 crore.
Market breadth was negative on the BSE with 629 gainers against 2230 losers.
Regards
Cipla (6.51%), Tata Motors (1.91%) and HDFC Bank (0.23%) were the only Sensex gainers.
Cipla reported a 17.47 per cent increase in its net profit to Rs 308.97 crore for the quarter ended September 30, 2011 due to improved sales within the country and overseas. The company had posted a net profit of Rs 263.01 crore for the quarter ended September 30, 2010.
Net sales of the company for the quarter ended September 30, 2011 stood at Rs 1,731.83 crore as against Rs 1,579.88 crore for the corresponding period previous fiscal.
Tata Motors reported standalone net profit of Rs 102.02 crore for quarter ended September 2011 against Rs 432.70 crore in the same quarter a year ago. Net sales were at Rs 12886.18 crore as against Rs 11449.61 crore.
Market breadth was negative on the BSE with 629 gainers against 2230 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
No comments:
Post a Comment