RTODAYS MARKET ZOOM SMARTLY

Markets snapped the four-day losing streak and closed with nearly 2% gains on the last trading day of the week. Sensex gained 290 points to close at 15689, while Nifty finished at 4680, up 87 points. Today was the day of large-caps as depicted by performance of Mid-cap and Small-cap indices, which gained 1.1% each. On weekly basis Sensex and Nifty are down 1.5% and 1.1% respectively. BSE Auto index surged 4.5% over the week, becoming the top gainer among the sectoral indices, followed by Realty index, which gained 0.2%. Capital Goods index and Power indices lost the most, shedding 2.6% and 2.3% respectively. European markets were up about 1%, while US stock indices futures were up nearly 0.5%, ahead of eagerly awaited monthly US jobs data and unemployment rate.
All the BSE sectoral indices finished in green for the day. Auto and Metal indices were the top gainers, putting on 2.9% and 2.8% respectively. M & M gained the most among the Sensex stocks, climbing 6.2%, followed by Hero Honda, which gained 4.2%. Tata Motors and TCS were the only losers, down 0.3% and 0.2% respectively. BSE advance-decline ratio stood at 1.4:1.

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MARKET VIEW 03.09.2009

A.P CM DIES IN COPTER CRASH
Weakness in heavyweights made the market close in the red for the fourth consecutive day. Sensex lost 69 points to close at 15398, while Nifty ended at 4593, down 15 points. BSE Mid-cap and Small-cap indices however, managed to close in green, putting on 0.2% and 0.7% respectively. Inflation for the week ended August 22nd came in at –0.21% as against –0.95% for the previous week. European markets were trading flat, while US stock indices futures were up by nearly one third of a percent.
BSE Oil & Gas index was the top loser among sectoral indices, shedding 1.1%, followed by Healthcare index, which lost 0.7%. Consumer Durable and Metal indices gained the most, up 0.8% and 0.6% respectively. Reliance Communication surged 5.3%, becoming the top gainer among Sensex stocks, followed by Sterlite, which gained 1.6%. Reliance and M & M were the top losers among the Sensex stocks, down 2% each. BSE advance-decline ratio stood at 1:1.

MARKET VIEW2 september 2009

The Sensex opened 24 points higher at 15,691. Despite yesterday's fallthe index today exhibited strength in the morning trades owing to firm cues from the Asian markets and the good monthly car sales numbers.
The BSE benchmark index surged to a high of 15,923, up 256 points. However, the index slipped into the negative terrain on the back of sudden selling in the realty, metal and power stocks. The index slipped to a low of 15,475, down 448 points from the days high. The Sensex finally ended at 15,551, down 115 points. The NSE Nifty finally settled at 4,625, down 37 points. The index touched a high of 4,736, before tumbling to a low of 4,600.
The market breadth was negative. Out of 2,870 shares traded, 1,150 advanced and 1,656 declined on the BSE today.
REVIEW: markets correct but hold crucial supports.
OUTLOOK: markets cross 4730 fut but fail to sustain...intraday selloff sees test of 4600 fut. Both these levels are crucial levels.
Trading strategy: intraday only. Trade long if markets cross and sustain above 4730 fut. Keep SL slightly below 4700. Strong resistance at 4800

MARKET TODAY 01.09.2009

TODAY SEEN AFTER 01.00PM

BUT TATA MOTORS++++++++++++++++

Domestic market pared all its initial gains to close the day on downbeat note on sustained selling pressure witnessed in key stocks. Market turned southward and continued to extend losses tracking lower European markets along with weak US index futures that led selling pressure in the domestic bourses. However, market was firm during the early trading as the Asian stocks were higher on strong Chinese manufacturing sector data. The China's Purchasing Managers' Index increased to a seasonally adjusted 54 in August from 53.3 in July. Meanwhile, India's exports dropped by 28.4 per cent in July as against the same month last year. The BSE Sensex ended below 15,600 level and NSE Nifty closed below 4,650 mark. The market today opened significantly higher along with other Asian markets. Moreover, the US stock markets closed lower on Monday due to sustained selling pressure led by Chinese market that plunged yesterday on worries about the impact of fragile bank lending on the economy. Further, Indian benchmark indices continued to trade in positive terrain till mid session on significant buying emerged across the board. However, market was unable to hold the momentum and gave up all gains in line with unfavorable European stocks. Profit booking at higher level forced market to extend last session's weakness and close with losses. From the sectoral front, most of the selling was witnessed in Realty, Metal, Power, Capital Goods, Pharma and PSU stocks. BSE Midcap and Smallcap stocks also remained out of favour. However, Auto and IT stocks were unable to gain favour from the market.