SENSEX 16328.25 +112.41
NIFTY 4942.80
+35.00
USD/INR 0053.92 +00.29
NASDAQ 2907.22 +04.64
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UPDATEDTIME 09.28 PM 15 MAY 2012
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The Nifty closed in the positive terrain led by gains in capital
goods, metals, technology and pharmaceuticals sectors aided by European peers
and a pullback in the rupee against the dollar.
The Nifty closed at 4,942.80, up 35 points, or 0.71 per cent. It touched an intraday high of 4,955.20 and a low of 4,868.55.
The Sensex ended at 16,328.25, up 112.41 points, or 0.69 per cent. It touched an intraday high of 16,370.12 and a low of 16,123.04.
The rupee recovered, after falling below the 54 per dollar level in the morning, on suspected RBI intervention. The partially convertible rupee was at 53.79, up 18 paise, against its previous close of 53.97.
Since the US dollar is gaining strength against major counterparts, we can see the rupee weakening further. We expect a 1-3 month range of 52-55 with an overall weakness bias for the rupee. The next target is seen at the 54.50 levels," an India Forex Advisors report said.
Global markets and the domestic economic situation have been putting pressure on the stock markets for the past two months. According to analysts, today's upmove was imminent after the sharp fall, but it may not last due to unfavourable factors.
These bouncebacks or these reversals are bound to happen when we are down 300-400 points in the Nifty. However, it is very difficult to predict to what extent and for how long it will continue. The bias seems to be negative. I do not see any immediate solution to the issues surrounding us currently. A collective damage is happening to the market and let us hope that we are able to overcome this fall. There is nothing currently available in the market which can meaningfully trigger any strong upside movement.
Nifty futures seek immediate resistance around the 4,980 levels, above which some short covering towards the 5,030-5,050 levels can be seen. On the downside, 4,900 would hold as an immediate support below which the 4,850 levels could be tested.
The BSE Midcap Index was up 0.63 per cent and the BSE Smallcap Index moved 0.33 per cent higher.
Among sectoral indices, the BSE Capital Goods Index rallied 3.07 per cent, the BSE Metal Index moved 2.21 per cent higher, the BSE IT Index gained 1.56 per cent and the BSE Healthcare Index advanced 0.97 per cent. The BSE FMCG Index was down 0.64 per cent.
NTPC (3.02 per cent), Maruti Suzuki (2.89 per cent), IDFC (1.98 per cent), ITC (1.60 per cent) and ONGC (1.17 per cent) are among the top Nifty losers.
Sesa Goa (5.19 per cent), Larsen & Toubro (5.18 per cent), Cairn India (3.94 per cent), Sun Pharma (3.64 per cent) and Sterlite Industries (2.96 per cent) are among the gainers.
The L&T stock surged higher after the company guided for a 15-20% growth in both revenues and order inflows for FY13.
Bharti Airtel ended in the red on news that the Enforcement Directorate is probing a money laundering case against the company.
The market breadth was positive on the NSE with 790 gainers against 663 losers.
The Nifty closed at 4,942.80, up 35 points, or 0.71 per cent. It touched an intraday high of 4,955.20 and a low of 4,868.55.
The Sensex ended at 16,328.25, up 112.41 points, or 0.69 per cent. It touched an intraday high of 16,370.12 and a low of 16,123.04.
The rupee recovered, after falling below the 54 per dollar level in the morning, on suspected RBI intervention. The partially convertible rupee was at 53.79, up 18 paise, against its previous close of 53.97.
Since the US dollar is gaining strength against major counterparts, we can see the rupee weakening further. We expect a 1-3 month range of 52-55 with an overall weakness bias for the rupee. The next target is seen at the 54.50 levels," an India Forex Advisors report said.
Global markets and the domestic economic situation have been putting pressure on the stock markets for the past two months. According to analysts, today's upmove was imminent after the sharp fall, but it may not last due to unfavourable factors.
These bouncebacks or these reversals are bound to happen when we are down 300-400 points in the Nifty. However, it is very difficult to predict to what extent and for how long it will continue. The bias seems to be negative. I do not see any immediate solution to the issues surrounding us currently. A collective damage is happening to the market and let us hope that we are able to overcome this fall. There is nothing currently available in the market which can meaningfully trigger any strong upside movement.
Nifty futures seek immediate resistance around the 4,980 levels, above which some short covering towards the 5,030-5,050 levels can be seen. On the downside, 4,900 would hold as an immediate support below which the 4,850 levels could be tested.
The BSE Midcap Index was up 0.63 per cent and the BSE Smallcap Index moved 0.33 per cent higher.
Among sectoral indices, the BSE Capital Goods Index rallied 3.07 per cent, the BSE Metal Index moved 2.21 per cent higher, the BSE IT Index gained 1.56 per cent and the BSE Healthcare Index advanced 0.97 per cent. The BSE FMCG Index was down 0.64 per cent.
NTPC (3.02 per cent), Maruti Suzuki (2.89 per cent), IDFC (1.98 per cent), ITC (1.60 per cent) and ONGC (1.17 per cent) are among the top Nifty losers.
Sesa Goa (5.19 per cent), Larsen & Toubro (5.18 per cent), Cairn India (3.94 per cent), Sun Pharma (3.64 per cent) and Sterlite Industries (2.96 per cent) are among the gainers.
The L&T stock surged higher after the company guided for a 15-20% growth in both revenues and order inflows for FY13.
Bharti Airtel ended in the red on news that the Enforcement Directorate is probing a money laundering case against the company.
The market breadth was positive on the NSE with 790 gainers against 663 losers.
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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