Analysis of Stock Market as on December 23, 2010
NSE
NIFTY opened at 6005.90 and went as high as 6006.45 before closing at 5980. The market touched lowest for the day at 5964.60.Positive contributors of the market were Sun Pharma, Infosys, Reliance, NTPC and HDFC. The negative contributors being SAIL,TCS, BHEL and Larsen. The market has support at 5960.92 and 5941.83 and resistance at 6002.77 and 6025.53.
NIFTY opened at 6005.90 and went as high as 6006.45 before closing at 5980. The market touched lowest for the day at 5964.60.Positive contributors of the market were Sun Pharma, Infosys, Reliance, NTPC and HDFC. The negative contributors being SAIL,TCS, BHEL and Larsen. The market has support at 5960.92 and 5941.83 and resistance at 6002.77 and 6025.53.
BSE
Sensex opened at 20038.83 and closed at19982.88. The intraday high was at 20076.08 and low at 19939.30. Top gainers of today’s market were Reliance, Infosys, HDFC and ITC. Top losers were ICICI Bank, Larsen, TCS and ONGC. The market has support at 19922.76 and 19862.64 and resistance at 20059.54 and 20136.20.
Sensex opened at 20038.83 and closed at19982.88. The intraday high was at 20076.08 and low at 19939.30. Top gainers of today’s market were Reliance, Infosys, HDFC and ITC. Top losers were ICICI Bank, Larsen, TCS and ONGC. The market has support at 19922.76 and 19862.64 and resistance at 20059.54 and 20136.20.
INTERNATIONAL MARKET
Asian markets ended in the negative trend. Nikkei closed at 10346.50 after losing 24.05 points. HANG SENG reached 22903 dropping 142.22 points..European markets are also in the mixed trend. STOXX 50 was trading at 2869.05 after a decrease of 0.58 points. FTSE 100 gained 5.98 points and reached 5989.47.
Asian markets ended in the negative trend. Nikkei closed at 10346.50 after losing 24.05 points. HANG SENG reached 22903 dropping 142.22 points..European markets are also in the mixed trend. STOXX 50 was trading at 2869.05 after a decrease of 0.58 points. FTSE 100 gained 5.98 points and reached 5989.47.
FII INFLOW
The FII flow was marginally positive today as the net flow constituted to 19.90 crore. The open interest in futures market recorded Rs 55750.62 crore as against Rs. 55016.26 crore on Monday. The open Interest in options was Rs. 58158.72 crore as against Rs. 57801.60 crore yesterday. The aggregate outstanding fell to Rs.113909.34 crore in the F&O segment from Rs. 112817.86 crore on the previous day. The FII interest in cash and F&O segment has increased 0.97 per cent today.
NEWS
• Food inflation back in double digits at 12.13 pc
• World stocks hit the highest level since September 2008.
• CRISIL sees strong corporate performance in Q3 FY 11
• Fortis plans to pick up 30 per cent stake in Australian Dental Corporation
• 2 dies in Dr.Reddy’s unit due to suspected gas leak.
• RBI sees liquidity easing in January.
• The Securities and Exchange Board of India (Sebi) has banned P S Saminathan, former chairman of Pyramid Saimira Theatre, from dealing in securities in any manner for 10 years, for allegedly inflating profit and revenues.
The FII flow was marginally positive today as the net flow constituted to 19.90 crore. The open interest in futures market recorded Rs 55750.62 crore as against Rs. 55016.26 crore on Monday. The open Interest in options was Rs. 58158.72 crore as against Rs. 57801.60 crore yesterday. The aggregate outstanding fell to Rs.113909.34 crore in the F&O segment from Rs. 112817.86 crore on the previous day. The FII interest in cash and F&O segment has increased 0.97 per cent today.
NEWS
• Food inflation back in double digits at 12.13 pc
• World stocks hit the highest level since September 2008.
• CRISIL sees strong corporate performance in Q3 FY 11
• Fortis plans to pick up 30 per cent stake in Australian Dental Corporation
• 2 dies in Dr.Reddy’s unit due to suspected gas leak.
• RBI sees liquidity easing in January.
• The Securities and Exchange Board of India (Sebi) has banned P S Saminathan, former chairman of Pyramid Saimira Theatre, from dealing in securities in any manner for 10 years, for allegedly inflating profit and revenues.
Market Analysis: Ms. Malu Suresh,
School of Asset Management
Kochi
www.schoolofassetmanagement.com
School of Asset Management
Kochi
www.schoolofassetmanagement.com
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