STOCK MARKET TODAY

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.

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

www.schoolofassetmanagement.com

STOCK MARKET TODAY

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

www.schoolofassetmanagement.com

STOCK MARKET TODAY

Analysis of Stock Market as on December 28,2010

BSE
SENSEX today opened at 20056.47 and reached as high as 20090.41 and touched the lowest at 19981.76 before closing at 20025.42 after losing 3.51 points or 0.02%.The main market movers were BANKEX,METAL,CAPITAL GOODS and REALTY .Bankex lost 0.21 % while FMCG gained 0.63 %. The market has resistance at 6010.52.and 6025.03 and support at 5981.87 and 5967.73

NSE
Nifty opened at 6005.35 went as high as 6010.90 and touched the lowest of the day at 5982.25.Nifty closed at 5996.The sub indices which showed positive trend were IT, DEFTY, INFRA and REALTY, and the indices showed negative trend were BANK NIFTY, VIX and NIFTY MIDCAP 50.Top gainers of the day were Suzlon, Ranbaxy RCOM and HDFC BANK, while the top losers were Tata Motors, Axis Bank and ICICI Bank. The market has resistance at 20083.30and 20141.18 and support at 19974.65.and 19923.88.

TODAY’S FII FLOW
The net FII flow to equity sector today recorded Rs.226 crore as against Rs.920.40 crore yesterday. . The open interest at the end of today in Futures segment was Rs.56251.32 crore as against 56157.54 on Monday. The open interest in Options segment was Rs.58431.21 as against Rs.58599.10 crore. The aggregate open interest in derivative segment was 114682.53 crore. This was 114756.64 yesterday. It may be observed that the aggregate open interest has slightly dropped today and the decline was in the futures segment.

INTERNATIONAL MARKET
Most of the Asian Markets were in the negative trend today. Nikkei dropped 0.61% or 63.36 points and closed trading at 10292.60.HANG SENG lost 212.07 points and reached 22621.70, while TOPIX reached 902.83 after losing 1.85 points. European markets are in a mixed trend. Stoxx 50 lost 1.19 points and was trading at 2825.32.DAX gained 2.37 points and reached 6973.10.

Market Analysis: Ms.Malu Suresh
School of Asset Management

Kochi

www.schoolofassetmanagement.com

STOCK MARKET TODAY

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.

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.

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.

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.

Market Analysis: Ms. Malu Suresh,
School of Asset Management
Kochi
www.schoolofassetmanagement.com

STOCK MARKET TODAY

Analysis of Stock Market as on December 22, 2010

NSE
NIFTY opened at 6019 and went as high as 6023.80 before closing at 5984.60. The market touched lowest for the day at 5958. Selling was seen in oil&gas, capital goods, banks and auto stocks. Positive contributors of the market were Bharti Airtel, Jindal Steel, Hindalco, NTPC and Tata Motors. Negative contributors being Reliance, TCS,HDFC Bank and Wipro. Reliance lost 14.45 points. The market has support at 5953.67and 5922.93 and resistance at 6019.47 and 6054.53.

BSE
Sensex opened at 20118.82 and closed at 20015.80. The intraday high was at 20151.25 and low at 19931.31.. Top gainers of today’s market were Infosys,ITC SBI and ONGC.Top losers were Reliance ,ICICI Bank ,Larsen and HDFC. The market has support at 19914.32 and 19812.85. and resistance at 20134.26 and 20252.73.

INTERNATIONAL MARKET
Asian stocks advanced, with the regional index near a 2 1/2-year high, as commodity producers gained after copper climbed to a record, crude oil rose and U.S. retail sales increased last week, adding to signs the economic recovery is on track.HANG SENG reached 23045.20 with an increase of 0.22%. Nikkei closed at 10346.50 after losing 24.05 points.European markets are also in the mixed trend.STOXX 50 was trading at 2874.17 after a decrease of 2.82 points.FTSE 100 gained 3.44 points and reached 5955.24.

FII INFLOW
The FII flow was negative today as the net flow recorded fell to 40.30 crore. The open interest in futures market recorded Rs 55016.26 crore as against Rs. 53600.64 crore on Monday. The open Interest in options was Rs. 57801.60 crore as against Rs. 56980.28 crore yesterday. The aggregate outstanding fell to Rs.112817.86 crore in the F&O segment from Rs. 110580.68 crore on the previous day. The FII interest in cash and F&O segment has increased 2.02 per cent today.

Market Analysis: Ms.Malu Suresh

School of Asset Management

www.schoolofassetmanagement.com

STOCK MARKET TODAY

Analysis of Stock Market as on December 21, 2010

NSE
NIFTY opened at 5960.40 and went as high as 6006.70 before closing at 6000.65 The market touched lowest for the day at 5960.05. Buying was seen in financial, metal, and Anil Dhirubhai Ambani Group (ADAG) group companies' shares. However, indices were getting some selling pressure at higher levels due to fall in cement and FMCG companies' shares. Positive contributors of the market were ICICI Bank, SBI, Reliance, Wipro and Sterlite Ind. The negative contributors being NTPC, Sun Pharma, Bharti Airtel and TCS. The market has support at 5971.32and 5941.98 and resistance at 6018.72 and 6036.78

BSE
Sensex opened at 19925.76 and closed at ,,,,,,,,.The intraday high was at 22090.84 and low at 19925.76 Most of the sub indices closed positevely. Top gainers of today’s market were Reliance, ,ICICI Bank, HDFC and SBI ,while the top losers wereInfosys,Larsen, ITC andTCS. The market has support at 19960.44 and 19860.56 and resistance at 20125.52 and 20190.72

INTERNATIONAL MARKET
Asian stocks rose by the most in two weeks as commodity prices climbed amid easing tensions on the Korean peninsula even after a military drill by the South yesterday, and as China reported “concrete action” to help stabilize Europe’s economy.Nikkei closed at 10370 after gaining 154.12 points.HANG SENG reached 22993.90 with an increase of 1.57%.European markets are also in the positive trend.STOXX 50 was trading at 2858,21 after an increase of 18.99 points.FTSE 100 gained 43.58 points and reached 5935.19.

FII INFLOW
The FII flow was negative today as the net flow recorded fell to 491.00 crore as against rise of Rs. 298.40 Crore yesterday. The open interest in futures market recorded Rs 53600.64 crore as against Rs. 52906.27 crore on Monday. The open Interest in options was Rs. 56980.28 crore as against Rs. 55883.58 crore yesterday. The aggregate outstanding fell to Rs.110580.68 crore in the F&O segment from Rs. 108789.85 crore on the previous day. The FII interest in cash and F&O segment has increased today.

NEWS BITS
Wall Street extends year-end rally as mergers help
Dr Reddy's inks pact with Russian firm R-Pharm
USstocks edge up on another round of dealmaking
Rupee recovers by 25paise vs $ on firm equities
India sugar ends steady; firm global mkt supports
Call rate eases, bonds end mixed
Ranbaxy venture wins $133-m HIV drug supply order in S. Africa
Hero Honda recovers on brokerages upgrade
SKS plunges to all-time low
Ispat slumps over 17% in early trade on BSE

Market Analysis: Ms.Malu Suresh
School of Asset Management,
Kochi
www.schoolofassetmanagement.com

STOCK MARKET TODAY

Analysis of Indian Stock Markets as on December 20, 2010
NSE
NIFTY opened at 5977.60 and went as high as 5985 before closing at 5947.05. The market touched lowest for the day at 5900.25. Positive contributors of the market were Hero Honda, TCS, Infosys and Reliance. Hero Honda , jumped the most in more than a year after saying that Honda Motor Co.’s sale of a $1.9 billion stake will lead to lower technology-royalty payments. The negative contributors were ONGC, SBI, Bharti Airtel and NTPC. The market has support at 5903.20 and 5859.35 and resistance at 5987.95 and 6028.85
BSE
Sensex opened at 19770.02and closed at19888.88.The intraday high was at 20006.16 and low at 19711.12. Most of the sub indices closed negatively. Top gainers of today’s market were Reliance, Infosys,ICICI Bank,Larsen and HDFC while the top losers were ITC,HDFC Bank,SBI,ONGC and Bharti airtel. The market has support at19731.28and 19573.68 and resistance at 20026.32 and 200163.76.
FII INFLOW
Net FII inflow recorded Rs.298.40 crore. Open interest in futures market recorded Rs.52906.27 crores and that of option markets recorded Rs.55883.58 crore aggregating to Rs. 108789.85 crore.
INTERNATIONAL MARKET
Asian markets fell as South Korea commenced a live-firing drill that sparked North Korean warnings of retaliation and concern lingered that Europe’s debt crisis will spread.Nikkei lost 87.42 points and ended trading at 10216.40.TOPIX reached 898.55 after retreating 4.59 points. HANG SENG also ended negatively dropping 75.77 points points. European Markets are in the positive trend today. STOXX 50 gained 10.02 points and was trading at 2831.79.FTSE 100 gained 3.44 points and was trading at 5875.19
NEWS
• SKorea starts live-fire drill as United Nations bickers
• Inflation to stabilise to 5.5% by March, says PM
Market Analysis: Ms.Malu Suresh,
School of Asset Management
Kochi
www.schoolofassetmanagement.com

Analysis of Stock Market as on 16th Dec, 2010

NSE
NIFTY opened at 5910.55 and went as high as 5956.15 before closing at 5948.75. The market touched lowest for the day at 5855.05. Most of the indices were in the negative trend in earlier part of the day which turned course towards the close of market hours. Buying was seen in IT and telecom stocks. Selling was seen in auto, consumer durables, power, capital goods and FMCG stocks. Positive contributors of the market were TCS, Infosys, Wipro and SAIL and the negative contributors were BHEL, M&M, Larsen and HDFC.
The market has support at 5883.81 & 5818.88 and resistance at 5984.91 & 6021.08.

BSE
Sensex opened at 19698.58 and closed at 19864.85. The intraday high was at 19897.22 and low at 19554.35. Most of the sub indices closed negatively. Top gainers of today’s market were Reliance, Infosys, ICICI Bank, ITC and HDFC Bank while the top losers were Larsen, HDFC, BHEL and M&M.
The market has support at 19647.06 & 19429.27 and resistance at 19989.93 & 20115.01.

INTERNATIONAL MARKET
Nikkei gained 1.51 points and ended trading at 10311.30. TOPIX reached 903.84 after increasing 1.42 points. HANG SENG ended negatively dropping 306.57 points. European Markets were in a mixed trend today. STOXX 50 gained 3.79 points (.13%) and was trading at 2845.78. FTSE 100 lost 1.06 points and was trading at 5881.12. DAX closed 8.03 points up at 7024.4.
U.S. stocks rose, after claims for jobless benefits unexpectedly fell and housing sales started increased last month. The Standard & Poor’s 500 Index rose to its highest level since September 2008, to 1,242.87 as of 4 p.m. in New York. The Dow Jones Industrial Average gained 41.78 points, or 0.4 percent, to 11,499.25, its highest point since Sept. 8, 2008.

FII FLOW
The FII flow was negative today as the net flow recorded fell to 312.00 crore as against Rs. 1280 Crore yesterday. The open interest in futures market recorded Rs 52636.51 crore as against Rs. 53514.98 crore on Wednesday. The open Interest in options was Rs. 54442.05 crore as against Rs. 55202.7 crore yesterday. The aggregate outstanding fell to Rs.107078.56 crore in the F&O segment from Rs. 108717.68 crore on the previous day. The FII interest in cash and F&O segment has marginally decreased today.

NEWS
• RBI keeps rates unchanged, cuts SLR to 24%
http://www.moneycontrol.com/news/business/rbi-leaves-all-rates-unchanged_505540.html
• ONGC board approves Rs.32 per share dividend, 1:1 bonus and 2:1 stock split.

STOCK MARKET TODAY

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

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.

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.

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

STOCK MARKET TODAY

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

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.

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.

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.

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.

Market Analysis by: Ms. Malu Suresh

School of Asset Management

Kochi

www.schoolofassetmanagement.com

STOCK MARKET TODAY

Analysis of Indian Stock Market as on December 13,2010

NSE
Today the market was highly volatile. NIFTY opened at 5882.65 and went as high as 5913.80 before closing at 590.65The market touched lowest for the day at 5795.90. Positive contributors to the market movement were Reliance, HDFC, NTPC ,and BHEL. The negative contributors were ITC, Mah & Mah, Wipro and Ambuja Cements.The market has support at 5831.1and 5754.55 and resistance at 5949 and 5990.

BSE
Sensex opened at 19600 and closed at 19691.78.The intraday high was at 19719.57 and low at 19321.41.Most of the sub indices closed positively. REALTY, POWER and METAL were the indices which gained the most. Top gainers of today’s market were Reliance, Infosys, Larsen and HDFC ,while the top losers were ICICI Bank, ITC,TCS and Bharti Airtel. The market has support at 19435.6 and 19179.43 and resistance at 19833.76 and 19975.75.

FII INFLOW
The FII flow was negative today as the net flow recorded at Rs. 819.70 Crore. The open interest in futures market recorded Rs.51950.73 crore and in options Rs.53493.47 aggregating to Rs.105444.20 in the F&O segment as against Rs.104414.94 on the previous day. The FII interest if F&O segment has marginally increased as against the decline in the cash segment.

INTERNATIONAL MARKET
Asian Markets were in the positive trend. Nikkei gained 81.94 points and closed at 10293.90.TOPIX reached 897.40 after increasing 1.03%. HANG SENG also ended positively with an increase of 154.70 points .European Markets also gained today, STOXX 50 gained 12.07 points and was currently trading at 2851.60.FTSE 100 gained 0.64% and reached 5850.29.
Market analysis by: Ms. Malu Suresh

School of Asset Management,

Kochi

www.schoolofassetmanagement.com

STOCK MARKET TODAY

An analyis of the Stock Markets as on December 8 ,2010.

BSE
Profit booking and weakening trend on the other Asian bourses and fears of a fuel hike after crude oil prices soared to a 26-month high in global markets, affected the market negatively. SENSEX today opened at 19874.30 and reached as high as 19875.51 and touched the lowest at 19619.67 before closing at 19696.48 after losing 238.16 points since opening. All the sub indices were in the negative trend. BANKEX lost 270.51 points. Top moves on the positive side were ONGC and Tata Motors and on the negative side the top movers were HDFC bank, HDFC, RIL and SBI. The market has resistance at 19844.21 and 19991.94 and support at 19580.05 and 19463.62

NSE
Nifty opened at 5954.40 went as high as 5960 and touched the lowest of the day at 5879.70.Nifty closed at 5903.70. The sub indices which suffered high loss were BANK NIFTY,CNX IT,CNX REALTY and CNX DEFTY. Top gainers of the day were ONGC, Bharti Airtel, BPCL and GAIL while the top losers were Reliance, HDFC Bank, Infosys and SBI. The market has resistance at 5949.60 and 5995.50 and support at 5868.20and 5832.70.

Today’s FII Flow
Net FII inflow dropped by Rs.590.90 crore. Open interest in futures market dropped to Rs.53934.22 crores and that of option markets rose to Rs.51633.74 crore aggregating to Rs. 105567.96 crore which is Rs.403.62 crore above previous day level.

INTERNATIONAL MARKET
Most of the Asian Markets were in the positive trend today. Nikkei rose 91.23 points and closed trading at 102332.30.TOPIX reached 887.39 after gaining 8.29 points, while HANG SENG lost 382.75 points and reached 23045.40.American Markets showed a bullish trend today.DOW rose 19.68 points and closed at 11382.10.NASDAQ reached 2591.46 after increasing 12.11 points.

News Snippets
• India may acquire less than two- thirds of its allocation in State Bank of India’s proposed rights offer, a senior finance ministry official told reporters in New Delhi.
• India’s first auction of solar power permits may get derailed as plant builders say borrowing costs are too high to finance the projects, a key part of government efforts to reduce oil imports. Tata Power Co., India’s biggest non-state power developer, said it isn’t participating in the
Market Analysis by Ms. Malu Suresh,

School of Asset Management.

www.schoolofassetmaangement.com

STOCK MARKET TODAY

Analysis of Stock Markets as on December 07,2010

NSE

Markets fell today on profit-booking amid weak trend on the other Asian markets.. NIFTY lost 15.70 points after opening at 5995.05.The market touched the highest point for the day at 6001 and the lowest at 2950.40. The sub indices which were pulling down the market were REALTY,INFRA,CNX MIDCAP 50 and CNX MIDCAP .REALTY lost 4.20 points where as INFRA gained 9.70 points. While the market got support from IT and IT gained 41.75 Positive contributors of Nifty were Reliance ,ONGC, Bharti Airtel and NTPC.Negative contributors were ICICI BANK,SBL,TCSand Axis Bank. ICICI Bank lost 39.05 points and reached The market has support at 5943.83.and 5811.11 and resistance is at 6005.13 and 6033.71

BSE
Sensex opened at 19982.90 and closed at 19934.64. The intraday high was at 20008 and low at 19824.44 BANKEX and REALTY were the negative movers of the market. BANKEX lost 3.06 % or 420.70 points. OIL&GAS gained 0.87 % or 90.76 points. Positive contributors of today’s market were Reliance, Infosys, Larsen and ONGC while the companies in the negative side were ICICI Bank, HDFC,ITC and SBI. Sensex has resistance at 20020.52 and 20106.40. Support is at 19836.60 and 19738.56 .

FII Inflow Today
The net FII inflow to Indian capital market turned negative as the aggregate flow showed net outflow of Rs.309.40 crore. The open interest in the derivative market at the end of today recorded 53993.30 in respect of futures and 51171.04 in respect of options aggregating to 105164.34.

INTERNATIONAL MARKET
Asian Markets were in the negative trend. Nikkei lost 65.60 points and was trading at 10101.60.TOPIX reached 876.55 after retreating 4.86 points or 0.55%.Where as HANG SENG is showing a positive trend with an increase of 47.19 points and was trading at 23284.90.European Markets gained today. STOXX 50 gained 32.75 points and FTSE 100gained 41.79 points. .

News Snippets
• SBI reported that it will raise deposit rates by between 50 and 150 basis points for various maturities, with effect from Dec. 7.
• The rupee has appreciated 4 percent this year as overseas investors poured a record $29.1 billion into Indian shares to benefit from the nation’s economic growth
• Shipping Corp. of India Ltd., the country’s biggest sea carrier, drew 55.2 billion rupees ($1.2 billion) of bids in a share sale that closed on Dec. 3. A sale by MOIL Ltd., India’s largest producer of manganese ore, closed on Dec. 1, with bids for 56 times the 33.6 million shares offered.
Market Analysis by: Ms.Malu Suresh
School of Asset Management
Kochi
www.schoolofassetmanagement.com

INDIAN STOCK MARKETS TODAY

Market Analysis as on December 6, 2010

BSE
SENSEX today opened at 20038.25 and reached as high as 20217.86 and touched the lowest at 19949.85 before closing at 19981.31 after losing 5,94 points or 0.28% since opening. The main market movers were BANKEX, PSU and REALTY at the negative side and METAL,OIL&GAS, IT and AUTO at the positive side. BANKEX lost 370.71 points. Top gainers of today’s Market were Reliance , Infosys and HDFC which gained 1.79,1.50 and0.90 points respectively. Whereas the top losers were ICICI Bank, Larsen, and ITC which lost 1.30,1.08 1nd 0.89 points respectively. The market has resistance at 20151.21 and 20321.11 and support at 19878.06 and 19774.81.

NSE
Nifty opened at 6033.65 went as high as 6069.45 and touched the lowest of the day at 5982.40.Nifty closed at 5992.25The sub indices which showed positive trend were INDIA VIX, IT and CNX DEFTY, and the indices showed negative trend were BANK NIFTY and NIFTY JUNIOR. Top gainers of the day were Reliance, Tata Motors and Sterlite Ind while the top losers were SBI,ICICI Bank and ITC. The market has resistance at 6047.23 and 6102.22 and

support at 5959.48 and 5926.72.

Today’s FII Flow
Net Investment by FIIs to equity and debt market together constitutes Rs.717.50 Crore registering a growth of 58.14 per cent over previous day. The FII trade representing the open interest at the end of the day in index and stock futures together constituted Rs.53430.32 and index and stock options constituted Rs.51797.29 aggregating to Rs.105227.61

INTERNATIONAL MARKET
Most of the Asian Markets were in the negative trend today. Nikkei dropped 0.11% or 11.09 points and closed trading at 10167.20.HANG SENG lost 82.83 points and reached 23237.70, while TOPIX reached 881.41 after gaining 2.19 points. American Markets showed a bullish trend today.DOW rose 19.68 points and closed at 11382.10.NASDAQ reached 2591.46 after increasing 12.11 points.

News Snippets
• The government may impose restriction on foreign direct investment (FDI) in hospitality sector.
• IPOs of Punjab and Sind Bank and L&T Finance may come to the market probably by next week.
• A decision on deregulation of diesel prices would be taken by the Empowered Group of Ministers only after the crude prices soften.

Market Analysis by : Ms. Malu Suresh

School of Asset Management

Kochi

www.schoolofassetmanagement.com

E-mail: mail@schoolofassetmanagement.com

INDIAN STOCK MARKET TODAY

Market Analysis as on November 03, 2010

NSE
NSE opened at 6013.35 and closed at 5992.80, after dropping 18.90 points or 0.31%. The market touched its lowest for the day at 5964.25 and highest at 6025.40.The sub indices showed a mixed trend.CNX REALTY lost 4.12 % and closed at 390.50.CNX IT gained 0.43% after opening at 6877.05.Top gainers of today’s market were, Infosys ,NTPC, Hero Honda, Jindal Steel and Wipro. NTPC gained 3.60 points where as Infosys gained 2.95 points. Negative movers were DLF ,Axis bank SBI, and HDFC.DLF lost 5.10 points after opening at 3093.00. The Nifty has support at 5962.9 and 5933 and resistence at 6024.05 and 6055.3.

BSE

SENSEX advanced 2.86 points or 0.01% after opening at 20,007.89, and closed at 19966.93. REALTY, METAL, BANKEX AND POWER indices were pulling down the market while the market was supported by IT, TECH and AUTO. REALTY lost 4.29% whereas BANKEX lost 0.90%. The positive contributers of today’s market were ,Infosys, Larsen, ITC and TCS and the negative movers were mainly from the banking sector including ICICI Bank, HDFC, HDFC Bank, SBI and Reliance. Reliance lost 0.31 %. The market has resistence at 20064.12 and 20161.31and support at19873.43 and 19778.93.

Today’s FII flow: Net Investment by FIIs to equity and debt market together constitute Rs.453.70 Crore registering a groAwth of 13.42 per cent over previous day.

INTERNATIONAL MARKET
Asian Markets were in the positive trend today as U.S. housing and retail data bolstered confidence in a global economic recovery. The Nikkei 225 rose 0.1 percent to 10,178.32 at 3 p.m. in Tokyo, the highest close since June. Topix closed at 879.22 after climbing 2.01 points. European Markets are also in the positive trend today . STOXX 50 reached 2794.96 after climbing 0.49%,while DAX was trading at 6969.19 by increasing 11.58 points. However US market indices showed negative trend as Dow dropped by 0.28 per cent, S&P 500 0.31 per cent and Nasdaq 0.01 per cent.

NEW SNIPPETS
• SEBI bans four companies from trading for allegedly jacking up stock prices ahead of bond and share placements.
• Banks need to lift deposit rates says RBI chief Mr.Subbarao.
• Cement companies reported a sharp decline in sales in the month of November.

Market Analysis by Ms. Malu Suresh

School of Asset Management

Kochi