Analysis of Stock Market as on December 15, 2010
NSE
NIFTY opened at 5931.15 and went as high as 5941.35 before closing at 5892.30. The market touched lowest for the day at 5895.40.Most of the sub indices were in the negative trend. Positive contributors of the market were TCS, Infosys, Bharti Airtel and BPCL. And the negative contributors were SBI,ICICI Bank, NTPC and HDFC Bank.
Nifty has support at 5857.81and 5823.33 and resistance at 5934.76 and 5977.23
BSE
Sensex opened at 19791.22 and closed at 19647.77.The intraday high was at 19817.61 and low at 19633.92. . Most of the sub indices closed negatively. Heavy selling was seen in bank, realty, health care and auto stocks. Top gainers of today’s market were Infosys, TCS, Bharti Airtel and Wipro while the top losers were ICICI Bank, Larsen and ITC.
The market has support at19540.26 and 19432.76 and resistance at 19786.44 and 19925.12
Sensex opened at 19791.22 and closed at 19647.77.The intraday high was at 19817.61 and low at 19633.92. . Most of the sub indices closed negatively. Heavy selling was seen in bank, realty, health care and auto stocks. Top gainers of today’s market were Infosys, TCS, Bharti Airtel and Wipro while the top losers were ICICI Bank, Larsen and ITC.
The market has support at19540.26 and 19432.76 and resistance at 19786.44 and 19925.12
INTERNATIONAL MARKET
Asian stocks fell, dragging down the MSCI Asia Pacific Index from a 2 1/2-year high, as U.S. and Japanese central-bank reports cast doubt on the strength of the global economic recovery. Nikkei lost 6.99 points and closed at 10309.80.TOPIX reached 902.42 after increasing 0.53 points. HANG SENG also ended negatively dropping 411.83 points. European shares fell today after the U.S. Federal Reserve gave a cautious assessment of the strength of the economic economy. STOXX 50 lost 30.97 points and was trading at 2830.70.FTSE 100 lost 0.55% and reached 5858.92.
Asian stocks fell, dragging down the MSCI Asia Pacific Index from a 2 1/2-year high, as U.S. and Japanese central-bank reports cast doubt on the strength of the global economic recovery. Nikkei lost 6.99 points and closed at 10309.80.TOPIX reached 902.42 after increasing 0.53 points. HANG SENG also ended negatively dropping 411.83 points. European shares fell today after the U.S. Federal Reserve gave a cautious assessment of the strength of the economic economy. STOXX 50 lost 30.97 points and was trading at 2830.70.FTSE 100 lost 0.55% and reached 5858.92.
FII FLOW
The FII flow was positivee today as the net flow recorded rose to 1280.00 crore as against Rs. -689.60 Crore yesterday. The open interest in futures market recorded 53514.98 as against Rs. 52632.05 crore on Tuesday. The open Interest in options was Rs. 55202.07 crore as against Rs. 54739.33 crore yesterday. The aggregate outstanding rose to Rs.108717.68 crore in the F&;O segment from Rs. 107371.38 crore on the previous day. The FII interest in cash and F&O segment has marginally increased today.
The FII flow was positivee today as the net flow recorded rose to 1280.00 crore as against Rs. -689.60 Crore yesterday. The open interest in futures market recorded 53514.98 as against Rs. 52632.05 crore on Tuesday. The open Interest in options was Rs. 55202.07 crore as against Rs. 54739.33 crore yesterday. The aggregate outstanding rose to Rs.108717.68 crore in the F&;O segment from Rs. 107371.38 crore on the previous day. The FII interest in cash and F&O segment has marginally increased today.
NEWS
• Hero to buy 26% stake from Honda for $1-1.2bn
http://www.moneycontrol.com/news/cnbc-tv18-comments/hero-to-buy-26-stakehonda-for-361-12bn-sources_505340.html
• Fuel price rise adds to inflationary pressure
http://in.reuters.com/article/idINIndia-53575620101215
Market Analysis by Ms. Malu Suresh
School of Asset Management
Kochi
www.schoolofassetmanagement.com
• Hero to buy 26% stake from Honda for $1-1.2bn
http://www.moneycontrol.com/news/cnbc-tv18-comments/hero-to-buy-26-stakehonda-for-361-12bn-sources_505340.html
• Fuel price rise adds to inflationary pressure
http://in.reuters.com/article/idINIndia-53575620101215
Market Analysis by Ms. Malu Suresh
School of Asset Management
Kochi
www.schoolofassetmanagement.com
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