Wednesday, November 27, 2013

Mid Day Review 27/11/2013

The key Indian benchmark indices were trading flat with negative bias in the mid-session, weighed down
by selling pressure in heavyweight stocks such as Bharti Airtel, Wipro, HDFC, among others.
Broader market indices were also lack luster due to absence of any positive global cues
The market edged lower in early trade on weak Asian stocks. A bout of volatility was witnessed as key
benchmark indices trimmed initial losses in morning trade. Volatility continued as key benchmark indices
trimmed losses after hitting fresh intraday low in mid-morning trade. It hovered near intraday low in
early afternoon trade. Key benchmark indices cut losses after hitting fresh intraday low in afternoon
trade.
The rupee was trading higher against US dollar after a flat ending in the previous session. It was quoting
at 62.30 which is stronger than 62.50 at end of last session.
The market may remain volatile this week as traders roll over positions in the futures & options (F&O)
segment from the near month November 2013 series to December 2013 series. The near month
November 2013 derivatives contract expire on Thursday, 28 November 2013.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares
traded 2128, shares advanced were 838 while 1136 shares declined and 154 were unchanged.
At present SENSEX trading at 20643.33 down by 91.51 and NIFTY trading at 6041.15 down by 17.95.

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