Next week market outlook from 14/11/2022 to 19/11/2022from from

·       In the coming week investors will be watching a spate of economic data, including US retail sales numbers on Wednesday, for more clues on whether the Fed's monetary policy tightening is cooling the economy. On the domestic front, Indian Retail Inflation data (CPI) will be announced on Monday which will be important for the market while most of the quarterly results have almost announced.

·       Expects rally to continue in the domestic equity on optimism that cooler-than-expected US inflation will lead to smaller rate hike by the US Federal Reserve and on China’s move to loosen its Covid Zero policies. On the domestic front, USDINR fell sharply to close 2-month low at below 81 indicated aggressive FIIs buying interest (FIIIs net buyers nearly Rs7k this week). Moreover, strong macro data - October PMI reported 6-month high to above 55, 4-month high September IIP data, stable oil price, impressive quarterly results and strong GST collection, will be positive for the market sentiment. Expect beaten down metal (China to relax zero covid policy stance) and IT stocks (global IT Major Index Nasdaq gained 7% this week) will be big positive for next week

·       The domestic market joined the global run as markets across the world cheered the lower-than-expected US inflation data and this was one of the best week in the stock market history. Indian bourses ended on record supported by strong domestic macro data and blessing by US inflation data which has fallen to significantly lower than estimated level along with core inflation number.

·       Global market witnessed biggest gains (between 3-8% and S&P 500 close to 4000 mark psychological level) in over two years after the US Inflation for October has come in at 7.7% (expectation at 7.9%) against previous month was at 8.2%. Core Inflation fell to 6.3% while expectation was 6.5%. US Dow Jones climbed up over 1300 points or 3.5% and Nasdaq Composite skyrocket by 7% against the previous week close. A slowdown in US inflation could mean the Federal Reserve won’t have to be so aggressive about raising interest rates. Market expect that the US Fed to raise rates again next month but by a smaller margin of one-half percentage point after a series of 0.75 percentage-point increases. US 10-Year (3.80% from 4.2%) and 2-year bond yield declined by 10% on a single day while Dollar Index fell to 4-month low to below low to below 106.

 

Weekly Update (Week on Week)

 

·       A sharp recovery in the rupee and unabated foreign capital inflows further bolstered sentiment. Sensex zoomed  845 points or 1.40% to settle at 61,795 -- surpassing its previous closing peak of 61,765 hit on October 18, 2021. Likewise, the broader Nifty rallied 233 points or 1.3% cent to finish at 18,350. This week, there was rally in PSU Bank, IT and Metal stocks.

·       Banking stocks witnessing major gainers this week led by HDFC twins and PSU Bank. Nifty PSU Bank Index soared by 6% after announced strong Q2 results. PSU Bank Index surged by 28% just one month. Nifty Metal Index gained by 2% on expectation of improve demand after China announced to partially remove covid lock down and US Dollar Index fell to 3-month low. Nifty IT Index advance 2% due to attractive valuation and Global IT Major Index Nasdaq Composite spiked by 7%. However, Nifty Pharma Index slipped 3% due to poor quarterly results announcement. Nifty Auto Index slipped by 2% after auto major Tata Motor reported lower than expected Q2 results

 

Short Term Buy

 

·       Cochin Shipyard, National Aluminium, Adani Ports, HDFC, Bank of India, SAIL, Tata Steel, Zomato, BoB, LTTS, Coforge

 

Long Term Buy

 

·       Axis Bank, Hindalco, LIC India, Infosys, TCS, SBI, Zee Entertainment, Reliance Industries, HAL, Patanjali Foods, Indian Hotel

 

Technical Levels

 

·       Nifty index has formed a Bullish candle on daily and weekly frame and has been forming higher lows from the last six weeks. Now, it has to hold above 18300 zones, for an up move towards 18500 then 18600 zones whereas supports are placed at 18188 and 18088 zones.

·       Bank Nifty has formed a Doji candle on daily frame and a Bullish candle on weekly frame. Now it has to hold above 41840 zones for an up move towards 42500 and 42750 zones whereas supports are placed at 41750 and 41500 zones.

 

Global Market Update

 

·       US, Europe and Asian markets gained between 3-8% this week.  The tech-heavy Nasdaq Composite rose 8% this week to notch its biggest weekly gain since March on optimism that a slower-than-expected US inflation print will lead to smaller rate hikes by US Fed. Moreover, expectation that the China to relax zero covid policy stance will be back in global demand. US Inflation for October has come in at 7.7% (expectation at 7.9%) against previous month was at 8.2%. Core Inflation fell to 6.3% while expectation was 6.5%. Cooler-than-expected US inflation data set the stage for a slowdown in aggressive interest-rate hikes resulted US 10-Year and 2-year bond yield corrected 10% from the peak and Dollar Index fell to 3-month low.

 

Commodity

 

·       Gold surged 5% to 3-month high at $1771/ounce following tweaks to China’s Covid-19 rules, the US inflation print, and weakness in the dollar, and events next week will shape whether gains hold or wither.

·       Brent Crude advance 2% to $96/bbl following China's announcement that it would relax some of its hardline Covid-19 restrictions, including shortening its quarantine requirements for international travelers by two days. Market expectation global demand will improve after China announced to partially lifted covid lockdown.

 

FIIs and DIIs

 

·       FIIs were net buyers Rs6330cr

·       DIIs were net sellers Rs2255cr

 

Results

 

·       Monday – Aarti Industries, Abbott India, Bharat Forge, Biocon, CESC, FDC, Grasim, GM Infra (Airport), Greaves Cotton, HUDCO, Indiabull Housing, IRCTC, IOL Chemical, Kaveri Seed, KNR Construction, LUX Industries, Mazda, Munjal Auto, Mishra Dhatu, NMDC, NBCC, ONGC, Parag Milk, SpiceJet, Sobha, Star Cement, Stovec, Uttam Sugar

·       Tuesday – Rajesh Exports

 

Corporate Action

 

·       Monday – PFC Dividend Rs5, EPL Rs2.15, Compuage Infocom Right issue 8:25 at a premium Rs18

·       Tuesday – Aegis Logistic Dividend Rs2, P&G Rs15, Coal India Rs15, Amaraja Batteries Rs2.90

·       Wednesday -  Motherson Aumi Wiring Bonus 2:5, Computer Age Manage Rs8.50

·       Thursday – Dhanuka Agritech Share Buy-Back, PDC Dividend Rs2.50, Oriental Carbon Rs7.

 

Global Data

 

·       US – Tuesday – Empire Manufacturing, Food, Manufacturing and commodities. Wednesday – MBA Mortgage Application, Retail sales data, Industrial Production Data, NAHB Housing Data. Thursday – Housing Starts, Initial Jobless Data. Friday – Existing Home sales Data

·       Europe – Monday - House Price Data, Economy Survey (UK), Economy Survey (Germany), Economy Survey (France). Tuesday – Whole Price Index (Germany), CPI, Unemployment Rate (France), Payroll, Employment Rate, Jobless Claims (UK). Wednesday – CPI, Retail Sales (UK). Friday – Retail sales, Consumer Confidence (UK)

·       China – Tuesday - Industrial Production, Industrial Production. Wednesday – New Home Sales

·       India – Monday – WPI, CPI, Exports & Import.

Market Movement during the week 25/10/2013 to 01/11/2013

It was a pre-DIWALI celebration at DALAL STREET this week as Fireworks started at the Dalal Street well in advance with the markets reaching an all time high during the passing week (there will be a Special

Short Muhurat Trading session on November 03, 2013). The Sensex reached its highest level after

5 years and 10 months, while the Nifty too surged to it’s over five years high supported by some improving

macro data and relentless buying by FIIs. However, the start of the week was on a sluggish note with traders taking a cautious stand in run-up to the RBI’s monetary policy review, coupled with a report that showed the Foreign Direct Investment (FDI) into India declined to 8-month low of $1.4 billion in August, down 38 percent year-on-year. However, the real jubilation started the very next day when the Reserve Bank of India (RBI) in its second quarter review of monetary policy FY14, hiked repo rate by 25 bps, which was on expected lines. The RBI, however, rolled back MSF rate by 25 bps to 8.75% and increased the liquidity provided through term repos of 7-day and 14-day tenor from 0.25% of bank deposits to 0.5% with immediate effect. Traders though were concerned with the apex bank’s reducing its growth forecast for the fiscal and its statement that inflation will remain on elevated levels but cheered the move of only modest hike in policy rates. Still the markets continued moving higher and got a boost in the last from the macro front when the core sector industries recorded 8 percent growth in September, highest in the past 11 months. The growth in the eight infrastructure industries was mainly due to expansion in crude oil, steel and electricity production. The week also marked the expiry of the October F&O series on a high note with Nifty witnessing a very encouraging rollover to the next series. The overall market rollover too increased

giving a sense of bullishness in the markets going further. On NSE, Nifty gained by 162.30 points to 6,307.20 & Bank Nifty up by 732.15 points to 11,628.65 while on BSE, Sensex gained 513.29 points to 21,196.81, BSE Mid-cap index was up by 211.92 points to 6,177.40, Small-cap index up by 113.85 points to 5,939.60. On the sectoral front, Bankex up by 830.89 points at 13,276.15, Consumer Durables up by 314.92 points at 6,260.76, PSU up by 247.94 points at 5,863.38, Capital Goods up by 377.93 points at 9,264.52 and Realty up by 54.68 points at 1,378.59 were the top gainers on the BSE sectoral space, while FMCG down 108.51 points at 6,751.68 and IT down 6.00 points at 8,437.43 were

only losers on the BSE sectoral front. FIIs were net buyers in equity segment in the week with a net inflow of

Rs 4819.41 crore and DIIs were net sellers of Rs. 3603.81 crs.

INDUSTRY & ECONOMY NEWS

An expert panel headed by former Planning Commission member Kirit S Parikh, which was constituted as

Finance Ministry was looking to alter the way diesel and cooking fuels are priced to reduce the subsidy burden, has suggested that diesel prices should be hiked by a steep Rs 5 per litre, kerosene by Rs 4 a litre and cooking gas (LPG) rates by Rs 250 per cylinder immediately to cut fuel subsidy bill by Rs 72,000 crore. In its other recommendations, the panel has suggested that the number of subsidized cooking gas cylinders supplied to households in a year should be cut to 6 bottles of 14.2-kg from the current quota of 9, while the panel has also suggested that after the diesel price hike, oil companies should be given a fixed subsidy of only Rs 6 per litre on diesel and any difference between cost of production and retail price should be passed on to consumers and going further the Rs 6 per litre subsidy on diesel should be liquidated in one year to make the fuel completely deregulated or free from price controls.

WORLD MARKET BEHAVIOUR DURING THE WEEK

US MARKET:

The US markets traded almost flat during the week as investors’ assessed Federal Reserve statement that

largely matched forecasts, but also had some Fed watchers saying a policy change could come sooner than

expected. The Federal Reserve fueled speculation that it will begin to slow the pace of stimulus in coming

months with some Fed watchers expecting a taper for the bond buys to begin in March. The Federal Reserve voted 9-1 to continue monthly asset purchases of $85 billion a month, citing an elevated unemployment rate and saying Washington’s economic policies are still holding back growth. The central bank’s decision to stand pat was widely expected. Although the Fed again characterized US growth as moderate and added that the labor market has shown some further improvement, the central bank reiterated that it wants to see unemployment fall toward 6.5% from the current rate of 7.2%. On the economy front, industrial production in September had a solid increase to 0.6% for the second straight month. This is the biggest monthly gain in seven months. Overall industrial production increased at a 2.3% annualized growth rate in the third quarter. Capacity utilization rose to 78.3% in September from 77.9%. This is the highest rate since July 2008. The Chicago purchasing managers index rose to 65.9% in October, to mark the best performance since March 2011. The increase was unexpected. Any reading above 50 indicates expansion. The number of Americans filing for unemployment benefits fell for the third week in a row. Initial claims declined by 10,000 to a seasonally adjusted 340,000 in the week ended October 26. Claims are seen as

good proxy for layoffs, though they reveal less about hiring trends.

Besides, US producer price index slipped a seasonally adjusted 0.1% in September. Excluding the volatile

categories of food and energy, core wholesale prices edged up 0.1%. The core rate, viewed by the Federal

Reserve as better indicator of underlying inflationary trends, has risen a scant 1.2% in the last 12 months. US

consumer prices rose slightly in September because of higher costs for medical care, shelter and all forms of

fuel, but there was barely a whiff of inflationary pressure in the broader economy.

EUROPEAN MARKET:

The European markets remained cautious accompanied by volatility during the passing week after Fed left its

key benchmark lending target, the fed funds rate, unchanged and kept its $85 billion monthly asset- urchasing

program in place. German Chancellor Angela Merkel insisted that the 17-nation euro zone must give itself a

stronger coordination of economic policies to remain competitive and spur growth. Merkel’s comments at the summit of European leaders in Brussels came as her government seeks to convince its partners to hand the EU Commission, the bloc’s executive arm, more powers to oversee member states’ economic policies. Angela Merkel also hit back at a US treasury department report that criticized Germany for running an extended trade surplus. Inflation in euro zone fell to 0.7% year-on-year in October as energy costs fell 1.7% on the year, the lowest reading since November 2009. The inflation rate dropped below 1% for the first time since February 2010. The number of unemployed in the 17-nation euro zone reached a record high in September as the bloc’s nascent recovery failed to generate jobs. The rank of the jobless swelled by 60,000 and stood at a record 19.45 million. Though, the unemployment rate remained steady at 12.2%, the previous month was revised up from 12%. The unemployment rate for the wider 28-nation European Union remained unchanged in September at 11%. ECB consider the unemployment rate unacceptably high as Europe risks losing a generation of young workers it fails to address the problem and revive growth. Retail sale volumes in the UK fell sharply in October, dampening optimism over the UK’s economic outlook. The index of UK retailers plunged to 2.0 in October from a reading of 34.0 in September.

ASIAN MARKET:

Most of the Asian equity benchmarks ended the week’s trade in the positive terrain with Chinese and Japanese bourses leading the rally in the region. Hong Kong benchmark remained the top gainer, gathering around two and a half percentage points after the nation’s total retail sales value in September, provisionally estimated at $35.8 billion, rose 5.1% year-on-year. After netting out the effect of price changes over the same period, the total retail sales volume grew 4.9% in the month. The revised estimate of the value of total retail sales in August increased 8.1% over the same period a year earlier, while the volume of total retail sales grew 7.2%. Chinese Shanghai surged over half a percent after the nation’s manufacturing sector grew at the fastest pace in 18 months in October, adding to signs of a stabilization in the world’s No.2 economy as the government readies a series of key economic reforms. The official Purchasing Managers’ Index (PMI) stood at 51.4 last month, up from September’s 51.1. moreover, Japanese Nikkei surged by around a percentage point after Bank of Japan kept its monetary policy unchanged by a unanimous vote, as was widely expected, while keeping its inflation forecast steady. Bank of Japan raised its growth projection for the fiscal year beginning April 2014 from 1.3% to 1.5%. However, it held to its previous outlook for 1.9% core consumer inflation in fiscal 2015, excluding the effects of a new consumption-tax hike.

Market Summary of the day 31/10/2013

Sensex settles at record high
Continued buying by foreign investors for the last 19 sessions and a sharp rally in PSU banks pushed
Sensex up by 130 points, to a record closing high today as Dalal-Street swung into the festive spirit
ahead of the festival of Diwali. It is Diwali already on D-Street as the buying frenzy saw the indices climb to another record closing high and the markets registering Rs 5-lakh crore plus turnover for the first time ever.
PSU banks such as Bank of India surged on better-than expected Q2 results on hopes of stability in
asset quality. With the US Federal Reserve’s sticking to record stimulus, emerging markets such as India are likely to continue to see further foreign fund inflows amid the availability of cheap money in the US.
Back home, after a steady start, markets picked up steam in the last few hours as traders rolled over
their positions on the day of the expiry of the October F&O contracts. Asian stocks ended lower today on concerns that the US Federal Reserve may start scaling back QE as soon as US economy shows further improvement. 

BSE SENSEX closed at 21,164.52, up by 130.55 points and NSE Nifty ended at 6,299.15, up by 47.45
points. Sensex touched a high of 21,205 and Nifty scaled the levels of 6,309 in intra-day trades.
However, Rupee was trading at Rs 61.39 compared with previous close of Rs 61.24 per dollar.

The Market breadth, indicating the overall health of the market, was strong with 1319/1161 as
advance/decline at the close. Dr Reddy's fell on profit booking after reporting strong Q2 result. Most bank stocks gained. SBI rose after the bank announced reduction in interest rates on bulk deposits (Rs 1 crore and above) across maturities. Bank of Baroda shrugged off weak Q2 result. Bank of India surged after strong Q2 earnings. Shares of realty major DLF edged higher in choppy trade after reporting Q2 result.
Top Nifty Gainers were BOB, PNB, SBI, JP Associates & IDFC while Top Nifty Losers were Dr Reddys,
Ambuja Cement, Lupin, Sun Pharma & Ranbaxy lab among others.

Global Markets Updates:

European shares slipped further away from five-year highs on Thursday, with the Federal Reserve's
less-dovish-than-expected statement raising concerns the U.S. central bank could start trimming its
stimulus sooner than foreseen. However, both Dow and NASDAQ futures were trading lower at this evening.

Technical Parameters of NIFTY

• RSI was at 69, MACD positive above signal line; India VIX was at 18~ which all Indicate that market may see new highs if US outcome from FOMC meet does not surprise us with any negative announcements.

• Nifty closed above all its moving averages like 5DMA (6203), 20DMA (6099) 50DMA (5899) and 200DMA (5856) which all indicate that market may see new highs in the time to come if everything goes well.

Markets closed in Positive terrain with ALL major sectors closing in GREEN. But, BSE_CDs
was the Best performing Sector today.

Market Triggers 30/10/2013

Diwali Gift from RBI: RBI signal: Expect more rate hikes. Inflation-wary central bank raises repo rate 25 bps; but cuts MSF rate in equal measure to allow extra liquidity; bankers ambivalent on future course but stock markets relieved.
Vodafone to invest Rs 10,141 cr to raise stake in Indian arm to 100%. Values subsidiary at Rs 28,469.9 cr, 48% less than in Feb '12.
Infosys likely to be slapped $35-mn fine. WSJ report says this would be the largest immigration fine ever. 
ECONOMY NEWS

RBI prescribes Rs 500-cr initial capital for foreign bank subsidiaries. Central bank will offer near-national
treatment to foreign lenders opting for subsidiarisation.
Retail deposit rates may rise. Banks might hold on to lending rates for the time being.
RBI to launch inflation-indexed securities. The Street, however, feels such measures might not see significant
investor interest.
INTERNATIONAL NEWS

Apple profit declines despite increasing sales of iPhones. Revenue from China, Hong Kong and Taiwan climbed just 6% despite the 5C and 5S going on sale in September
Dell Inc will delist from the NASDAQ at the close of Tuesday's trading, as founder Michael Dell and private equity house Silver Lake complete their controversial $24.9 billion buyout of the struggling PC maker.
US stocks rose, with the Standard & Poor's 500 Index extending a record, as data showing lower retail sales and consumer confidence fuelled bets the Federal Reserve will maintain stimulus as it starts a policy meeting. 
COMPANY NEWS

Tata Steel braces for UK job cuts in face of low demand. Tata Steel Europe announces restructuring of long
products business; 500 jobs may be hit; operations at Scunthorpe, Teesside & Workington to be affected.

Ranbaxy in red on stock write-off, forex charge. Street keenly watching how the company plans to monetize
exclusivity opportunities for Diovan, Valcyte and Nexium.
Lower demand, costlier import pull down NTPC's profit. Net profit for the quarter at Rs 2,492 cr compared with Rs 3,142 cr during the same period last year.
No hit from order to give up KG-D6 discoveries, says RIL. Company says it hasn't made any investment in it.
Gaja Advisors plans $250 mn fund for mid-size, SME firms.
Repco Home Finance net profit up 30.7%. Total income from operations increased by 9.48% at Rs 129.9 crore as compared to Rs 118.65 crore.
WORLD MARKET
European shares edged higher on Tuesday as
estimate-beating results at BP and Saipem fuelled a
surge in the oil sector, a laggard in this year's equity
rally.
Asian share markets should take heart from record
highs in U.S. stocks on Wednesday as investors'
wager the Federal Reserve will rock no boats at its
policy meeting and leave stimulus in place for the
next few months at least.
The Dow and S&P 500 ended at record highs on
Tuesday after economic data supported views that
the Federal Reserve would keep its stimulus intact for
several months and IBM rallied after the company
announced a stock buyback.
MARKET OUTLOOK FOR TODAY
Domestic markets are likely to open on a positive note, tracking strong cues from the overseas markets. Asian peers are trading higher amid rising company earnings and on speculations that the US Fed will leave stimulus in place for the next few
months at least. Nikkei is advancing, benefiting from weakness in the yen against the US dollar, as well as overnight advances on Wall Street. On domestic front, Telecom and Realty stocks are likely to be in limelight today as corporate earnings from Bharti Airtel, Bata India; DLF etc. will be announced for Q2. Selected banking stocks will also
be in focus after the RBI positive policy announcements.  The US stocks closed higher on Tuesday, with the S&P's 500 Index extending a record, on expectations that the Federal Reserve will maintain stimulus as it starts a policy meeting. FIIs net buy worth Rs. 1103 crs in the last session, SGX nifty trading positive by about 20 points at this morning and positive global cues may all lead to positive opening on nifty by about 10-15 points at the morning bell and then we may see stock specific move ahead of F&O expiry tomorrow and its roll over position.

Market Summary for the day 29/10/2013

Sensex rose nearly 2 % snapping a five-day losing streak to hit their highest close in nearly
three years and also managed to close at their highest level in 2013 so far led by bank shares after the RBI at its second Quarter Review of Monetary Policy 2013-14 announced today.  RBI in its monetary policy review today hiked the repo rate by 25 bps to 7.75%. The MSF rate was cut by 25 bps to 9.25%. CRR was left unchanged at 4%. RBI also cuts the FY14 GDP growth forecast to 5% from 5.5%. Giving a CPI forecast for the first time, the RBI said retail inflation will remain above 9%, adding that both WPI and CPI will remain elevated in the months ahead. The rupee was trading stable at Rs 61.52 compared with previous close of Rs 61.53 per dollar after an in-line monetary policy review. FIIs remained net buyers of equities yesterday.
Globally, Asian shares withered and the dollar lurked just above its recent lows while
European markets were trading in green boosted the sentiment. In Domestic markets, all the sectoral indices closed in the green with gains of at least 0.5%. Bankex was the top gainer among the sectoral indices on the BSE up 4.4% followed by Realty, Metal and Auto indices up 2% each. Others like PSU, Power, Consumer Durables, Health Care, Capital Goods and Oil and Gas indices up 1% each. Maruti Suzuki was up 8.2% after reporting a better than expected net profit at Rs 670 crore for the quarter ended September 2013 (Q2FY2014), driven by strong growth in exports, favorable exchange rate and cost control measures.
Other Sensex gainers include, Tata Steel, Mahindra & Mahindra, Hero MotoCorp, Hindalco,
SSLT, Hindustan Unilever, Tata Power and HDFC adding gains of 2-4% BHEL down 0.1% was the only loser among the Sensex-30. Sensex closed up by 359 points at 20,929 and Nifty ended up 120 points at 6,221. The market breadth was very positive on the BSE, 1,291 stocks advanced while 1,095 stocks
declined. 
Global Markets Updates:
European shares edged higher early on Tuesday to keep within their recent, tight range as
the banking sector slid after provisions for legal costs marred results at Deutsche Bank and
UBS.
However, Both NASDAQ & Dow futures started trading in Red at this evening ahead of
FOMC minutes outcome.
Technical Parameters of NIFTY
• RSI was at 65, MACD negative below & signal line; India VIX was at 19~ which all Indicate that market may see
new highs if US outcome from FOMC meet does not surprise us with any negative announcements.
• Nifty closed above all its moving averages like 5DMA (6161), 20DMA (6047) 50DMA (5811) and 200DMA

(5854) which all indicate that market may see new highs in the time to come if everything goes well.

MID-MARKET REVIEW 25/10/2013

• Amid subdued cues from the Asian peers, Key domestic indices like Sensex remained directionless
during the noon trading session.
• Earlier domestic bourses belled the day on negative note tracking weak cues from Asian peers.
• Weighed down by selling pressure in the blue chip stocks of Hindalco, Tata Steel, Mahindra & Mahindra,
LNT, Sun Pharma and BHEL among others
• Moreover, the investors are looking forward for the RBI policy meet next week and
• Corporate earnings of GAIL India, Colgate Palmolive, ITC, ICICI Bank, Shoppers stop and others to
decide on for further trades
• BSE SENSEX was at 20675.54, down by 49.89 points while NSE Nifty was at 6141.65 down by 22.7
points.
• The Market breadth, indicating the overall strength of the market, was weak with advance-decline ratio
at 861/1282.
• Barring, IT & Tech, all other sectors were under selling pressure today led by rate sensitive sectors like
Auto, Metal & Capital Goods.
• Even Small cap and Midcap followed the suit and were down by about half a per cent lower today on
account of profit booking.
• Dabur India made a 52 week high in intraday trades today.
• At present Sensex was trading at 20695 down by 30 points and Nifty was down by 18 points at 6147.