Analysis of Stock Market
DOMESTIC MARKET
The benchmark Nifty retreated a bit in opening trade today, led by disappointing numbers from IT bellwether Infosys and profit booking in financial stocks. Nifty opened at 5850 and is currently trading at 5839.30,with a decline of 23.95 points. Top losers are Infosys which lost 3.78% and ICICI Bank which lost 1.56%.Nifty has resistance at 5921.2 and 5979.15 and support at 5758.3 and 5653.35.
Sensex is trading at 19458.91 with 75.19 points down from previous closing. Most of the sub-indices are in the negative trend. IT is down with 2 %. Tech and Bankex were 1.41 and 0.40% down respectively. Sensex has resistance at 19722.97 and 19911.84 and support at 19196.9 and 18859.7.
DOMESTIC MARKET
The benchmark Nifty retreated a bit in opening trade today, led by disappointing numbers from IT bellwether Infosys and profit booking in financial stocks. Nifty opened at 5850 and is currently trading at 5839.30,with a decline of 23.95 points. Top losers are Infosys which lost 3.78% and ICICI Bank which lost 1.56%.Nifty has resistance at 5921.2 and 5979.15 and support at 5758.3 and 5653.35.
Sensex is trading at 19458.91 with 75.19 points down from previous closing. Most of the sub-indices are in the negative trend. IT is down with 2 %. Tech and Bankex were 1.41 and 0.40% down respectively. Sensex has resistance at 19722.97 and 19911.84 and support at 19196.9 and 18859.7.
INTERNATIONAL MARKET
Asian markets are in the uptrend today. China’s Hang Seng reached 24125.60 after rising 365.27 points or 1.54 %.Japan’s Nikkei was trading at 10576.50 with an increase of 63.65 points. Topix gained 5.97 points and reached 935.61.
FII FLOW
The net FII flow to equity sector on Wednesday recorded a loss of Rs.284.32 crore as against 1088.20 crore the previous day.The open interest for the previous day in Futures segment was Rs. 44748.13 crore as against 45437.34 on Tuesday. The open interest in Options segment was Rs. 46557.86crore as against Rs. 42087.89 crore the previous day. The aggregate open interest in derivative segment was 91305.99 crore. This was 88713.15 crore Tuesday. It may be observed that the aggregate open interest rose 2.83 per cent.
NEWS
• Infosys Q3 net profit up 2.5% at Rs 1780 cr.
• South Korean Central bank Lifts interest rate by 25 base points to 2.75%.
TODAYS STOCK RECOMMENDATION BY ANALYSTS
Market Analysis: Ms.Malu Suresh,
School of Asset Management
Kochi
No comments:
Post a Comment