SENSEX 16002.51 +132.16
NIFTY 4800.60
+36.00
USD/INR 0053.17 +00.57
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UPDATEDTIME 09.28 PM 13 DECEMBER 2011
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The Bombay
Stock Exchange's Sensex snapped three-day losing streak and closed near
intermediate resistance levels on the back of short coverings ahead of the
Reserve Bank of India's policy meet. According to dealers, the central bank may
keep the rates unchanged.
The monthly inflation data for the month of November will be out Wednesday. As per Reuters poll it is expected to ease to 9.04 per cent from 9.73 per cent a month ago. However, the sharp decline in rupee may continue to stoke inflation.
The partially convertible rupee pared some losses and closed at 53.23 per dollar against previous close of 52.84. It had fallen to an all time low of 53.52 earlier in the day.
Finance Minister, Pranab Mukherjee speaking in the parliament said that the weakness in the Indian economy was due to global recession and added that India cannot remain isolated from global developments.
The Sensex ended at 16002.51, up 132.16 points or 0.83 per cent. The 30-share index touched intraday low of 15771.59 and high of 16079.38.
The National Stock Exchange's Nifty ended at 4800, up 36 points or 0.76 per cent. The broader index touched a high of 4824.70 and low of 4728.50 in trade today.
According to analysts, traders should be cautious as the rally may fizzle out due to unfavourable economic conditions globally as well as back home.
I was looking for possibility for bounce back but I thought 4850 may not be crossed so easily. While we are just around at 4810-4820, I think 4850 would be still a level which I would want to watch out for.
BSE Midcap Index was down 0.58 per cent and BSE Smallcap Index was 0.71 per cent lower.
Amongst the sectoral indices, BSE Metal Index was up 2 per cent, BSE Oil&gas Index moved 1.19 per cent higher, BSE Auto Index gained 1.04 per cent and BSE Power Index moved 0.92 per cent higher. BSE Capital Goods Index declined 0.77 per cent.
Hindalco Industries (4.78%), Jindal Steel (4.26%), Mahindra & Mahindra (2.38%), NTPC (2.18%) and Reliance Industries (2.02%) were amongst the top gainers.
Larsen & Toubro (-1.94%), ONGC (-0.82%), Wipro (-0.60%), ICICI Bank (-0.33%) and Maruti Suzuki (-0.30%) were the major Sensex losers.
Shares of Hathway Cables, WWIL and Dish TV were in limelight as the Lok Sabha passed Cable TV Network Amendment Bill.
Market breadth was negative on the BSE with 1105 gainers against 1620 losers.
The monthly inflation data for the month of November will be out Wednesday. As per Reuters poll it is expected to ease to 9.04 per cent from 9.73 per cent a month ago. However, the sharp decline in rupee may continue to stoke inflation.
The partially convertible rupee pared some losses and closed at 53.23 per dollar against previous close of 52.84. It had fallen to an all time low of 53.52 earlier in the day.
Finance Minister, Pranab Mukherjee speaking in the parliament said that the weakness in the Indian economy was due to global recession and added that India cannot remain isolated from global developments.
The Sensex ended at 16002.51, up 132.16 points or 0.83 per cent. The 30-share index touched intraday low of 15771.59 and high of 16079.38.
The National Stock Exchange's Nifty ended at 4800, up 36 points or 0.76 per cent. The broader index touched a high of 4824.70 and low of 4728.50 in trade today.
According to analysts, traders should be cautious as the rally may fizzle out due to unfavourable economic conditions globally as well as back home.
I was looking for possibility for bounce back but I thought 4850 may not be crossed so easily. While we are just around at 4810-4820, I think 4850 would be still a level which I would want to watch out for.
BSE Midcap Index was down 0.58 per cent and BSE Smallcap Index was 0.71 per cent lower.
Amongst the sectoral indices, BSE Metal Index was up 2 per cent, BSE Oil&gas Index moved 1.19 per cent higher, BSE Auto Index gained 1.04 per cent and BSE Power Index moved 0.92 per cent higher. BSE Capital Goods Index declined 0.77 per cent.
Hindalco Industries (4.78%), Jindal Steel (4.26%), Mahindra & Mahindra (2.38%), NTPC (2.18%) and Reliance Industries (2.02%) were amongst the top gainers.
Larsen & Toubro (-1.94%), ONGC (-0.82%), Wipro (-0.60%), ICICI Bank (-0.33%) and Maruti Suzuki (-0.30%) were the major Sensex losers.
Shares of Hathway Cables, WWIL and Dish TV were in limelight as the Lok Sabha passed Cable TV Network Amendment Bill.
Market breadth was negative on the BSE with 1105 gainers against 1620 losers.
Regards
RAKESH MAKIN
+91,
9041667797(DIRECT), 9915684997
OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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