bullish market today 06August 2009

The Sensex witnessed vertical fall in the late trades to plunge to
a low of 15,443, down 527 points from the day's high, owing to
aggressive selling in auto, realty, metal and FMCG stocks. The
BSE benchmark index today opened 22 points lower at 15,881.
The index languished in the negative terrain for the first half of
the day. Afterwards the Sensex managed to bounce into
positive and touch a high of 15,970. However, heavy selling
after 1400 hrs saw the index slide to lower levels. The Sensex finally settled at 15,514, down 389 points. The Auto index led the decline, followed by Realty, Metal and FMCG indices. The BSE Auto index shed 4.4% at 5,677. The Realty, Metal and FMCG indices dropped 3-3.7% each.
The NSE Nifty closed at 4,585, down 108 points. The index slipped to a low of 4,559 towards the end of the trading session, down 159 points from the day's high of 4718.The market breadth was negative - out of 2,765 stocks, 1,607 declined, while 1,084 advanced today

TODAYS NICE MARKET 05.08.2009

AND

MADE FULL EFFORTS TO PULL MARKET

The Sensex opened 52 points higher and soon touched a high of 15,973, up 143 points. The index, however, slipped into red and touched a low of 15,695, down 278 points from day's high, owing to follow-up selling. LateR in the day, the Sensex rebounded and finally settled at15,903, up 72 points. The NSE Niftyclosed at 4,694, up 13 points. In theprocess, the BSE index today ended near its highest close so far this year. The index recorded its highest closing for this year at 15,924 this Monday, up 65% from its close on Dec 31, 2008.Similarly, other sectoral indiceshave also posted smart gains from year-till-period. The Metal and Autoindices have out-performed theSensex by a wide margin. The BSEMetal index soared 145.82% from its close on Dec 31, 2008, backed by surge in base metal prices. The BSE Auto index zoomed 145.71% fromits close on last year end, backed by strong sets of numbers in the first quarter

MARKET VIEW 04.08.09

After struggling nearly for a year the BSE Sensex managed to
kiss the sweet 16,000 mark for the first time in 12-months.
Indian markets ended in the red for the first time in three
trading sessions on concerns of valuations contemplating that
the market may have risen too far, too fast After hitting 16k in
the early trades bulls were unable to build on to the start as
traders and investors preferred to book some profits at higher
levels. The Telecom, Power and the Pharma stocks witnessed some offloading even the Mid-Cap and the Small-Cap stocks witnessed selling pressure.Sustained selling in the Realty and Power stocks pulled the Sensex to a low of 15,699, down 303 points from days high. However, late buying’s in Consumer Durables and Auto stocks led
the index to recoup some of its losses and finally settle at 15,830, down 93 points.
The NSE Nifty closed at 4,680, down 30 points. The market breadth was positive -out of 2,790
stocks, 1,476 advanced, while 1,246 declined.

MARKET VIEW 03.08.2009

The NSE Nifty hit new 2009 highs in the late trades on Monday surging past the 4700 mark for the first time since June 6, 2008. The BSE Sensex advanced 254
points or 4.6% at 15,924 after touching a high of 15,963 and a low of 15,608. The index opened at 15,695 against the previous close of 15,670. The NSE ++++++++++++++++++++++++++++++++++++++
Nifty advanced 75 points or 1.6% to shut shop at 4,711. Among the BSE sectoralindices, the Auto index was the top gainer, gaining 4.6%, followed by the Realtyindex that was up 4.1%. The BSE Metal index up 3.4% and the BSE Power indexwas up 2.1%. The BSE Mid-Cap index gained 2.3% and the BSE Small-Cap indexended higher by 1.7%. The market breadth remains fairly positive, out of 2,751shares traded, 1,641 have advanced and 1,032 have declined so far on the BSE

MARKET VIEW

Heavy short-covering owing to the derivatives expiry, saw
the market’s surge towards the end of the day. The Sensex
today opened in the red at 15,169 and slipped further to a
low of 15,065. The index, however, rebounded on positive
global cues. The index soared 345 points from the low to a
high of 15,410 near the end of the day. The Sensex finally
ended at 15,388 - up 214 points.
The BSE Mid-cap and Small-cap indices were underperformers and gained 29 points and 49 points, respectively. The BSE IT, FMCG and Bankex added around 2.5% each. The Nifty, meanwhile, ended with a gain of 58 points at 4,571. The index today surged to a high of 4,582 - up 107 points from the low of 4,475. The markets have ended in the positive zone for the first time in the week. The market breadth was fairly positive. Out of 2,758 stocks traded 1,503 advanced while 1,170 declined on the BSE.