An Analysis of Indian Stock Market as on December 14,2010
NSE
NIFTY opened at 5928.70 and went as high as 5953.95 before closing at 5944.10. The market touched lowest for the day at 5888.75.Most of the sub indices were in the positive trend.CNX MIDCAP gained 108.3 points and closed at 8743.05Positive contributors of the market were Reliance, NTPC, Sterlite Ind and Tata motors. And the negative contributors were Hero Honda, Jindal Steel, ICICI Bank and Axis Bank. The market has support at 5903.91and 5863.78 and resistance at 5969.11 and 5994.13
NSE
NIFTY opened at 5928.70 and went as high as 5953.95 before closing at 5944.10. The market touched lowest for the day at 5888.75.Most of the sub indices were in the positive trend.CNX MIDCAP gained 108.3 points and closed at 8743.05Positive contributors of the market were Reliance, NTPC, Sterlite Ind and Tata motors. And the negative contributors were Hero Honda, Jindal Steel, ICICI Bank and Axis Bank. The market has support at 5903.91and 5863.78 and resistance at 5969.11 and 5994.13
BSE
Sensex opened at 19746.75 and closed at 19799.19. The intraday high was at 19836.82 and low at 19621.41.Most of the sub indices closed positively. METAL gained 1.42%, while AUTO lost 22.19 points. Top gainers of today’s market were Reliance,Infosys,Larsen and HDFC,while the top losers were ICICI Bank, HDFC,HDFC Bank and BHEL. The market has support at 19668.13 and 19537.06 and resistance at 19883.54 and 19967.88.
Sensex opened at 19746.75 and closed at 19799.19. The intraday high was at 19836.82 and low at 19621.41.Most of the sub indices closed positively. METAL gained 1.42%, while AUTO lost 22.19 points. Top gainers of today’s market were Reliance,Infosys,Larsen and HDFC,while the top losers were ICICI Bank, HDFC,HDFC Bank and BHEL. The market has support at 19668.13 and 19537.06 and resistance at 19883.54 and 19967.88.
FII INFLOW
The FII flow was negative today as the net flow recorded net outflow ofRs.689.60 as against Rs. 819.70 Crore yesterday. The open interest in futures market recorded 52632.05 as against Rs.51950.73 crore on Monday. The open Interest in options was Rs. 54739.33 crore as against Rs.53493.47 crore yesterday. The aggregate outstanding rose to Rs.107371.38 crore in the F&O segment from Rs. 105444.20 crore on the previous day. The FII interest in cash and F&O segment has marginally increased today.
The FII flow was negative today as the net flow recorded net outflow ofRs.689.60 as against Rs. 819.70 Crore yesterday. The open interest in futures market recorded 52632.05 as against Rs.51950.73 crore on Monday. The open Interest in options was Rs. 54739.33 crore as against Rs.53493.47 crore yesterday. The aggregate outstanding rose to Rs.107371.38 crore in the F&O segment from Rs. 105444.20 crore on the previous day. The FII interest in cash and F&O segment has marginally increased today.
INTERNATIONAL MARKET
Asian Markets were in the positive trend. Nikkei gained 22.88 points and closed at 10316.80.TOPIX reached 901.89 after increasing 4.49 points. HANG SENG also ended positively with an increase of 154.70 points. European Markets are in the negative trend today,STOXX 50 lost 10.47 points and and was currently trading at 2844.90.FTSE 100 lost 0.16% and reached 5851.09.
Asian Markets were in the positive trend. Nikkei gained 22.88 points and closed at 10316.80.TOPIX reached 901.89 after increasing 4.49 points. HANG SENG also ended positively with an increase of 154.70 points. European Markets are in the negative trend today,STOXX 50 lost 10.47 points and and was currently trading at 2844.90.FTSE 100 lost 0.16% and reached 5851.09.
NEWS TIPS
• WPI inflation has eased to 7.48% from 8.58% in the month of October.
• BSE suspended trading in 12 firms on non-compliance
• PSB IPO subscribed 4.7 times on day 2
• LIC Housing Finance 1:5 stock splits
• Jindal Power IPO is poised to enter the market by end December.
• WPI inflation has eased to 7.48% from 8.58% in the month of October.
• BSE suspended trading in 12 firms on non-compliance
• PSB IPO subscribed 4.7 times on day 2
• LIC Housing Finance 1:5 stock splits
• Jindal Power IPO is poised to enter the market by end December.
Market Analysis by: Ms. Malu Suresh
School of Asset Management
Kochi
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