The key domestic benchmarks ended little changed as the Sensex posted marginal losses as investors and
speculators remained on the sidelines ahead of the November F&O contract expiry on Thursday while caution
persisted before the GDP data on Friday which may show that economic growth remained below 5 per cent for a
fourth straight quarter.
Realty shares were the major laggards. Investors across the globe were also eying a spate of US economic data
due today including jobless claims, durable goods orders and consumer confidence which may offer further cues
over the health of the world’s biggest economy.
Back on the domestic front, Planning Commission Deputy Chairman Montek Singh Ahluwalia reiterated that
economic growth in second half of this fiscal would be better than the first half while growth is expected to top 6
per cent next fiscal.
shares of public sector oil marketing companies (PSU OMCs) viz BPCL and HPCL too remained on buyers’ radar
after oil secretary Vivek Rae said that a delegation from India will shortly visit Iran to discuss the oil payment
mechanism
Asian stocks ended on a mixed note as the slump in US consumer confidence to a seven-month low in November
clouded the outlook for the world’s biggest economy, weighing on sentiment.
China’s Shanghai Composite ended higher for the first time in five days led by financial companies and brokerages
after the head of the People’s Bank of China committed to further financial reforms including freeing deposit rates
and allowing a more flexible currency. Hang Seng ended higher tracking gains in Chinese shares.
Profit booking was witnessed in dying hour of trade which dragged the frontline gauges in the red, largely due to
selling in software and technology counters, led by software services exporters Infosys and TCS which hit by a
strengthening rupee, with sentiment also remaining weak due to recent selling by foreign investors.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded
2707, shares advanced were 1161 while 1379 shares declined and 167 were unchanged.
Major Gainers on Nifty: TATA MOTORS , BPCL, COAL INDIA , ITC, GRASIM
Major Losers on Nifty: JP ASSOCAITES , NTPC, POWER GRID, BHARTI AIRTEL, DLF
Global Markets Updates:
Positive opening in European counters helped domestic markets to regain their green terrain in last leg of trade.
CAC, DAX and FTSE all traded in the green in early deals with investors awaiting data on consumer confidence in
the US and Germany and durable goods orders in the world’s largest economy.
Both DOW was negative, and NASDAQ futures were trading positive at this evening. RSI was at 47, MACD negative below signal line; India VIX was at 21~ which all Indicate that market see some
more volatile session ahead of November FNO expiry.
Today, Nifty closed above 5DMA (6058), 50DMA (6054), 200DMA (5865) but below 20DMA (6151) which all
indicate that market will be volatile ahead of FNO expiry.
speculators remained on the sidelines ahead of the November F&O contract expiry on Thursday while caution
persisted before the GDP data on Friday which may show that economic growth remained below 5 per cent for a
fourth straight quarter.
Realty shares were the major laggards. Investors across the globe were also eying a spate of US economic data
due today including jobless claims, durable goods orders and consumer confidence which may offer further cues
over the health of the world’s biggest economy.
Back on the domestic front, Planning Commission Deputy Chairman Montek Singh Ahluwalia reiterated that
economic growth in second half of this fiscal would be better than the first half while growth is expected to top 6
per cent next fiscal.
shares of public sector oil marketing companies (PSU OMCs) viz BPCL and HPCL too remained on buyers’ radar
after oil secretary Vivek Rae said that a delegation from India will shortly visit Iran to discuss the oil payment
mechanism
Asian stocks ended on a mixed note as the slump in US consumer confidence to a seven-month low in November
clouded the outlook for the world’s biggest economy, weighing on sentiment.
China’s Shanghai Composite ended higher for the first time in five days led by financial companies and brokerages
after the head of the People’s Bank of China committed to further financial reforms including freeing deposit rates
and allowing a more flexible currency. Hang Seng ended higher tracking gains in Chinese shares.
Profit booking was witnessed in dying hour of trade which dragged the frontline gauges in the red, largely due to
selling in software and technology counters, led by software services exporters Infosys and TCS which hit by a
strengthening rupee, with sentiment also remaining weak due to recent selling by foreign investors.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded
2707, shares advanced were 1161 while 1379 shares declined and 167 were unchanged.
Major Gainers on Nifty: TATA MOTORS , BPCL, COAL INDIA , ITC, GRASIM
Major Losers on Nifty: JP ASSOCAITES , NTPC, POWER GRID, BHARTI AIRTEL, DLF
Global Markets Updates:
Positive opening in European counters helped domestic markets to regain their green terrain in last leg of trade.
CAC, DAX and FTSE all traded in the green in early deals with investors awaiting data on consumer confidence in
the US and Germany and durable goods orders in the world’s largest economy.
Both DOW was negative, and NASDAQ futures were trading positive at this evening. RSI was at 47, MACD negative below signal line; India VIX was at 21~ which all Indicate that market see some
more volatile session ahead of November FNO expiry.
Today, Nifty closed above 5DMA (6058), 50DMA (6054), 200DMA (5865) but below 20DMA (6151) which all
indicate that market will be volatile ahead of FNO expiry.
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