SENSEX
16967.76 +61.18
NIFTY 5141.90 +21.10
USD/INR 0057.15 +00.15
NASDAQ 2854.06 +17.90
|
UPDATEDTIME 09.28 PM 27 JUNE 2012
|
The Sensex ended
a rangebound session in the positive terrain led by gains in metals, power,
technology and pharmaceutical sectors, ahead of the June series F&O expiry,
taking positive cues from global peers. The Street hopes Prime Minister Manmohan
Singh, who took charge as Finance Minister, will initiate some bold measures to
boost economic growth, dealers say.
The Sensex closed at 16,967.76, up 61.18 points or 0.36 percent. It touched a high of 17,029.27 and a low of 16,930.80 today.
The Nifty was at 5,141.90, up 21.10 points or 0.41 percent. It touched a high of 5,160.10 and a low of 5,129.25 today.
Analysts are of the view that most of the expected negative news flow has been factored in and that the second half of the year will see the Indian market gain momentum.
In terms of fundamentals, most of the factors affecting the economy negatively -- be it the continuously rising inflation, high commodity prices or government inaction -- have seen the peak. So we are likely to see improvements on these fronts going forward.
On pure valuation terms, the markets are pretty attractive and are trading at valuations which are much lower than historical valuations. The key is the pace of the upside and that will depend on both global and domestic factors.
Most of the negativity from the global markets is already factored in and the impact could be muted. So the markets have more upside than downside. The downside is extremely limited and my year-end target for this year could be around 19,500 for the Sensex.
The BSE Midcap Index was up 0.36 percent and the BSE Smallcap Index moved 0.32 percent higher.
Among sectoral indices, the BSE Metal Index was up 1.55 percent, the BSE Power Index gained 1.03 percent, the BSE IT Index moved 0.94 percent higher and the BSE Healthcare Index moved up 0.52 percent. The BSE Auto Index was down 0.77 percent and the BSE Oil & Gas Index declined 0.08 percent.
Tata Steel (2.51 percent), Tata Power (2.25 percent), Sterlite Industries (1.79 percent), Sun Pharmaceuticals (1.34 percent) and Hindalco Industries (1.30 percent) led the Sensex gainers' pack.
Shares of power generation companies moved higher after three private distribution companies hiked the price of power for domestic use. The price of power for commercial use was hiked by 19.5 percent.
Tata Motors (3.06 percent), Bharti Airtel (0.42 percent), Wipro (0.37 percent), M&M (0.25 percent) and SBI(0.13 percent) were among the major losers.
The Sensex closed at 16,967.76, up 61.18 points or 0.36 percent. It touched a high of 17,029.27 and a low of 16,930.80 today.
The Nifty was at 5,141.90, up 21.10 points or 0.41 percent. It touched a high of 5,160.10 and a low of 5,129.25 today.
Analysts are of the view that most of the expected negative news flow has been factored in and that the second half of the year will see the Indian market gain momentum.
In terms of fundamentals, most of the factors affecting the economy negatively -- be it the continuously rising inflation, high commodity prices or government inaction -- have seen the peak. So we are likely to see improvements on these fronts going forward.
On pure valuation terms, the markets are pretty attractive and are trading at valuations which are much lower than historical valuations. The key is the pace of the upside and that will depend on both global and domestic factors.
Most of the negativity from the global markets is already factored in and the impact could be muted. So the markets have more upside than downside. The downside is extremely limited and my year-end target for this year could be around 19,500 for the Sensex.
The BSE Midcap Index was up 0.36 percent and the BSE Smallcap Index moved 0.32 percent higher.
Among sectoral indices, the BSE Metal Index was up 1.55 percent, the BSE Power Index gained 1.03 percent, the BSE IT Index moved 0.94 percent higher and the BSE Healthcare Index moved up 0.52 percent. The BSE Auto Index was down 0.77 percent and the BSE Oil & Gas Index declined 0.08 percent.
Tata Steel (2.51 percent), Tata Power (2.25 percent), Sterlite Industries (1.79 percent), Sun Pharmaceuticals (1.34 percent) and Hindalco Industries (1.30 percent) led the Sensex gainers' pack.
Shares of power generation companies moved higher after three private distribution companies hiked the price of power for domestic use. The price of power for commercial use was hiked by 19.5 percent.
Tata Motors (3.06 percent), Bharti Airtel (0.42 percent), Wipro (0.37 percent), M&M (0.25 percent) and SBI(0.13 percent) were among the major losers.
Morgan Stanley
is 'underweight' on SBI with a target of Rs 1,425. It expects asset quality
pressures will intensify in FY13.
The market breadth was positive on the BSE with 1,462 gainers against 1,309 losers.
The rupee ended on a weaker note on month-end dollar demand from oil importers. The partially convertible rupee closed at 57.15 per dollar, down 13 paise, against its previous close of 57.02.
Foreign institutional investors bought equities worth Rs 13.03 crore on Tuesday, as per provisional stock exchange data.
Regards
The market breadth was positive on the BSE with 1,462 gainers against 1,309 losers.
The rupee ended on a weaker note on month-end dollar demand from oil importers. The partially convertible rupee closed at 57.15 per dollar, down 13 paise, against its previous close of 57.02.
Foreign institutional investors bought equities worth Rs 13.03 crore on Tuesday, as per provisional stock exchange data.
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