The key domestic indices ended in the red today as Sensex which lost more than 65 points, snapped two days
gains amidst choppy trading ahead of the expiry of the December futures and options (F&O) contracts on
Thursday while many traders remained on the sidelines ahead of the Christmas holiday tomorrow when stock
markets will be closed.
Banking stocks fell after RBI Governor dashed expectations that the central bank has shifted focus from inflation
management to boosting growth. Ragan said that inflation continues to be the priority of the central bank and
further action on rates will be taken only after analyzing the inflation data.
Asian stocks ended higher today as robust US consumer data signaled a pickup in the US economy, boosting
demand for risky assets.
Metal and mining stocks edged lower. Shares of Sesa Sterlite dropped on reports Central Bureau of Investigation
(CBI) has started a probe into possible irregularities in its stake buy in Hindustan Zinc. Most banking stocks edged
lower.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,445 shares gained and
1,033 shares fell. A total of 158 shares were unchanged.
Among frontline stocks in A group, Apollo tyres, Aurobindo Pharma, Bharat Forge, Biocon, Bosch Divis lab, Dr
Reddys lab, Tata Comm and UPL made new 52 week high today while BEL continue to trade lower and made new
52 week lower today.
Top Nifty Gainers were Ranbaxy, Bajaj Auto, BHEL, Ultratech cement and PNB
Top Nifty Losers were Tata Power, Sesa Sterlite, Wipro, BOB and Indusind bank
Global Markets Updates:
European stocks inched up on Tuesday morning, adding to a sharp rally in the past four sessions, although trading
in the shortened session was thin.
Both DOW and NASDAQ futures were both trading Flat this evening.
Technical View
RSI was at 56, MACD positive above signal line; India VIX was at 16~ which all Indicate that market see some
more volatile session going ahead into FNO expiry next week.
Today, Nifty closed above 5DMA (6242), 20DMA (6216), 50DMA (6175) and 200DMA (5900) which all indicate
that market may be volatile going ahead in this week.
gains amidst choppy trading ahead of the expiry of the December futures and options (F&O) contracts on
Thursday while many traders remained on the sidelines ahead of the Christmas holiday tomorrow when stock
markets will be closed.
Banking stocks fell after RBI Governor dashed expectations that the central bank has shifted focus from inflation
management to boosting growth. Ragan said that inflation continues to be the priority of the central bank and
further action on rates will be taken only after analyzing the inflation data.
Asian stocks ended higher today as robust US consumer data signaled a pickup in the US economy, boosting
demand for risky assets.
Metal and mining stocks edged lower. Shares of Sesa Sterlite dropped on reports Central Bureau of Investigation
(CBI) has started a probe into possible irregularities in its stake buy in Hindustan Zinc. Most banking stocks edged
lower.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,445 shares gained and
1,033 shares fell. A total of 158 shares were unchanged.
Among frontline stocks in A group, Apollo tyres, Aurobindo Pharma, Bharat Forge, Biocon, Bosch Divis lab, Dr
Reddys lab, Tata Comm and UPL made new 52 week high today while BEL continue to trade lower and made new
52 week lower today.
Top Nifty Gainers were Ranbaxy, Bajaj Auto, BHEL, Ultratech cement and PNB
Top Nifty Losers were Tata Power, Sesa Sterlite, Wipro, BOB and Indusind bank
Global Markets Updates:
European stocks inched up on Tuesday morning, adding to a sharp rally in the past four sessions, although trading
in the shortened session was thin.
Both DOW and NASDAQ futures were both trading Flat this evening.
Technical View
RSI was at 56, MACD positive above signal line; India VIX was at 16~ which all Indicate that market see some
more volatile session going ahead into FNO expiry next week.
Today, Nifty closed above 5DMA (6242), 20DMA (6216), 50DMA (6175) and 200DMA (5900) which all indicate
that market may be volatile going ahead in this week.
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