Analysis of Stock Market as on December 29,2010
BSE
Sensex strengthened by 200 points today, led by consistent uptrend in financial, metal, FMCG, oil & gas and auto companies' shares along with Bharti Airtel ,TCS and Infosys. SENSEX today opened at 20060.88 and reached as high as 20248.90 and touched the lowest at 20054.64 before closing at 20256.03after gaining 230.61 points or 1.15 per cent. Most of the sub-indices were in the positive trend. The market has resistance at 20335.27 and 20414.52 and support at 20115.71 and 19975.40.
NSE
Nifty opened at 6005.15, went as high as 6059.65 and touched the lowest of the day at 6002.85.Nifty closed at 6060.35. The sub indices which showed positive trend were BANK,DEFTY NIFTY JUNIOR and IT. Top gainer of the day was Bharti Airtel. The market has resistance at 6084.32 and 6108.32 and support at 6019.62 and 5978.88.
TODAY’S FII FLOW
The net FII flow to equity sector today recorded Rs.551.60 crore as against Rs.226 crore yesterday. The open interest at the end of today in Futures segment was Rs.56924.02 crore as against 56251.32 on Monday. The open interest in Options segment was Rs.59497.33 cror as against Rs. 58431.21 crore. The aggregate open interest in derivative segment was 116421.35 crore. This was 114682.53 crore yesterday. It may be observed that the aggregate open interest rose 1.52 per cent today.
INTERNATIONAL MARKET
Most Asian stocks rose, keeping the MSCI Asia Pacific Index near a 2 1/2-year high, as oil and gold companies gained after prices of the commodities climbed.Nikkei gained 51.91 points or 0.50% and closed trading at 10344.50.HANG SENG increased 347.57 points and ended at 22969.30.70,while TOPIX reached 908.01after gaining 5.18 points. European markets were also in the uptrend. Stoxx 50 gained 9.03 points or 0.32% and was at 2833.33.DAX reached 6982.43 after an increase of 15.79 points.
Market Analysis: Ms.Malu Suresh
School of Management
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