Snapping a two-day losing streak, the key domestic benchmarks closed higher today with the 30-share Sensex
advancing by more than 110 points driven by gains in Capital Goods and Realty stocks as traders rolled over their
positions on the day of expiry of the November F&O contracts.
A firm trend across most Asian markets which rose today amid robust US consumer confidence and labour market
data supported the rally in domestic benchmarks.
Investors were also eying the GDP data due tomorrow with economic growth tipped to have remained below the 5
per cent mark in the September quarter.
China’s Shanghai Composite closed higher as material companies rallied after policymakers’ signaled measures to
lower coal supply that may bolster industry prices, overshadowing weak Chinese industrial profits data.
Hang Seng ended lower after a report said that China’s annual industrial profits growth slowed to 15.1 per cent in
October 2013, compared to 18.4 per cent in September 2013.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded
2736, shares advanced were 1472 while 1068 shares declined and 196 were unchanged.
Major Gainers on Nifty: JP ASSOCIATES, BHEL, POWER GRID,GRASIM INDUSTIES, HINDALCO
Major Losers on Nifty: CAIRN INDIA,CIPLA, NMDC, ICICI BANK, TATA MOTORS.
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 (6063), 50DMA (6062), 200DMA (5870) but below 20DMA (6163) which
all indicate that market will be volatile ahead of FNO expiry.
advancing by more than 110 points driven by gains in Capital Goods and Realty stocks as traders rolled over their
positions on the day of expiry of the November F&O contracts.
A firm trend across most Asian markets which rose today amid robust US consumer confidence and labour market
data supported the rally in domestic benchmarks.
Investors were also eying the GDP data due tomorrow with economic growth tipped to have remained below the 5
per cent mark in the September quarter.
China’s Shanghai Composite closed higher as material companies rallied after policymakers’ signaled measures to
lower coal supply that may bolster industry prices, overshadowing weak Chinese industrial profits data.
Hang Seng ended lower after a report said that China’s annual industrial profits growth slowed to 15.1 per cent in
October 2013, compared to 18.4 per cent in September 2013.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded
2736, shares advanced were 1472 while 1068 shares declined and 196 were unchanged.
Major Gainers on Nifty: JP ASSOCIATES, BHEL, POWER GRID,GRASIM INDUSTIES, HINDALCO
Major Losers on Nifty: CAIRN INDIA,CIPLA, NMDC, ICICI BANK, TATA MOTORS.
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 (6063), 50DMA (6062), 200DMA (5870) but below 20DMA (6163) which
all indicate that market will be volatile ahead of FNO expiry.
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