STOCK MARKET TODAY

Analysis of Stock Market as on January 04, 2011

NSE
NIFTY opened at 6172.75 and went as high as 6181.05 before closing at6146.35. The market touched lowest for the day at 6124.40. Banks, auto and PSU stocks led the decline while FMCG and oil & gas showed resistance. Most of the sub-indices were in the negative trend.The market has support at 6176.80 and 6207.25.and resistance at 6120.15 and 6093.95.

BSE
Sensex opened at 20617.38 and closed at 20498.72. The intraday high was at 20651.21 and low at 20449.01.Sub indices which were on the negative side were BANKEX,REALTY and AUTO, while the sub-indices showed positive trend were FMCG,OIL & GAS,POWER and IT.Top gainers of todays market were Reliance, Infosys, Larsen and HDFC, while the top losers were ICICI Bank, ITC,TCS and Bharti Airtel. The market has support at 20616.95 and 20735.18 and resistance at 20414.75 and 20330.78.

INTERNATIONAL MARKET
Asian Markets were in the positive trend. Nikkei gained 169.18 points and closed at 10398.10.TOPIX reached 911.80 after increasing 1.45%. HANG SENG also ended positively with an increase of 232.43 points. European Markets also gained today, STOXX 50 gained 5.47 points and was currently trading at 2844.90.FTSE 100 gained 1.78% and reached 6005.23.

FII FLOW TODAY
The FII flow was negative today as the net flow recorded fell to 602.20 crore as against rise of Rs. 1101.50 Crore yesterday. The open interest in futures market recorded Rs 47389.72 crore as against Rs. 46404.45 crore on Monday. The open Interest in options was Rs. 35080.50 crore as against Rs. 33279.31 crore yesterday. The aggregate outstanding rose to Rs.82470.22 crore in the F&O segment from Rs. 79683.76 crore on the previous day. The FII interest in cash and F&O segment has declined today.

NEWS
FDI inflows to India fell by about 7 per cent to USD 1.6 billion in November 2010.

Market Analysis: Ms.Malu Suresh

School of Asset Management

www.schoolofassetmaangement.com