Analysis of Stock Market as on December 30, 2010
BSE
SENSEX today opened at 20274.12 and reached as high as 20372.38 and touched the lowest at 20274.12 before closing at 20389.07 after gaining 133.04 points or 0.66%.Most of the sub-indices were in the positive trend. The market has resistance at 20441.95.and .20494.82 and support at 20305.16 and 20221.24.
BSE
SENSEX today opened at 20274.12 and reached as high as 20372.38 and touched the lowest at 20274.12 before closing at 20389.07 after gaining 133.04 points or 0.66%.Most of the sub-indices were in the positive trend. The market has resistance at 20441.95.and .20494.82 and support at 20305.16 and 20221.24.
NSE
Nifty opened at 6062.35, went as high as 6088.30 and touched the lowest of the day at 6062.35.Nifty closed at 6101.85.The sub indices which showed positive trend were IT,DEFTY, MIDCAP and REALTY while BANK and VIX were in the downtrend. The market has resistance at 6118.05 and 6134.25 and support at 6074.00.and 6046.15.
TODAY’S FII FLOW
The net FII flow today was recorded at 855.70 crore as against Rs.103.90 crore yesterday. The open interest in futures market recorded at Rs.57690.85 as against Rs.57011.85 crore yesterday. The open Interest in options was Rs. 61164.92 crore as against 59497.33 crore. The aggregate outstanding fell to Rs.118855.77 crore in the F&O segment as against 116509.18 yesterday. The FII flow to cash segment registered a growth of 723.58 per cent.
INTERNATIONAL MARKET
Asian stocks fluctuated as the dollar weakened to a seven-week low against the yen, damping the outlook for Japanese export earnings. Nikkei lost 115.62 points and closed trading at 10228.90.HANG SENG gained 30.04 points or 0.13% and ended trading at 22999.30.European markets are in the negative trend today. STOXX 50 lost 30.21 points and was trading at 2811.02.DAX retreated 81.28 points and reached 6914.19.
Market Analysis: Ms. Malu Suresh,
School of Asset Management
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