CLOSING BELL

Though the markets made good a part of their losses during the final hours of trade, they ended the day in the red. The BSE-Sensex ended lower by around 50 points, while the NSE-Nifty closed lower by about 9 points. The overall decline to advance ratio was poised at 0.8 to 1 on the BSE. Barring select stocks from the oil and gas and power sector, selling activity was witnessed in stocks across sectors with the pack led by banking, metal, fmcg and consumer durable spaces.Most of the other Asian markets ended the day deep in the red today. The European indices are currently trading in the green. Rupee was trading weaker at 48.68 against the US dollar at the time of writing.

Daily Market Outlook: 26 June 2009

Being a expiry for may contract it was expected to be a volatile day for the Indian equity market and it lived up to the expectations. While it witnessed a gap up opening in the morning and remained in positive zone till afternoon Session it crumbled in the closing hours. Now while he Sensex closed at 14345.62 (Down 77 points) Nifty closed at 4241.85 (Down 51.10 Points). On the Sectoral front Automobile and Oil sector indices declined significantly. The Delay in monsoon seems to be reason behind decline in auto index. But realty and Bankex remained firm during the whole session. Mid cap and Small Cap indices remained stagnant. The market breadth was positive With 1410 advances and 1214 declines.

Daily Market Outlook: 25 June 2009

The stock market opened on a positive note, but shed its early gains in the initial minutes of the trading itself. It hovered around yesterday’s close till afternoon but picked pace in the latter part of the day. However majority of action was witnessed in small cap and madcap space and few selected heavyweights. Nifty finally managed to close at 4292.95, up46 points. Volumes in Nifty future were in line with the average trading volumes. Around 8.0 lakh shares were added in open interest with an increase in the cost of carry indicating long accumulation. On the option front, implied volatility has decreased marginally indicating that buying may continue to emerge at lower levels and Nifty may trade with a positive bias.

MARKET OUTLOOK 24.06.2009

The market closed on a flat note on the back of much choppiness and volatility. After a day marked by weakness, the market came back spectacularly to close off the day's low. Sector like the oil & gas led in consolidating its gains. Sensex shut shop at 14324, down 2 points and Nifty at 4247, up 11 points from the previous close. CNX Midcap index was up 0.3% and BSE Smallcap index was down 0.1%. The market breadth was negative with advances at 514 against declines of 724 on the NSE. Top Nifty gainers included Grasim, ONGC and RIL while losers included National Aluminium, ICICI Bank and HDFC Bank.

market ended 22.06.2009

Indian markets ended with huge losses Monday as
investors continued to book profits across the board ahead
of June series F&O Expiry. Sentiments were also affected
with the poor opening of European markets and volatile US
stock futures Indices opened flat and were lackluster till
but gave away intra-day support with the poor opening of
European markets. The fall was triggered by index heavyweight
Reliance Industries. Traders have been exiting the stock ever since it lost
the gas distribution case against Reliance Natural Resources. Foreign institutional
investors were seen offloading Reliance Industries. Many stocks will be removed
from the F&O segment after this June series and they were being squared off.
Even global cues were not supportive we are expecting the Nifty to initially test
4115 level soon. The market breadth was negative - out of 2,675 shares traded,
1,493 declined and 1,114 advanced on the BSE.