STOCK MARKET TODAY

Analysis of Stock Market

DOMESTIC MARKET

Indian Markets are flat in opening trade, with a negative bias. Nifty opened at 5737.35, and is currently trading at 5714.90,with a decline of 9.15 points. Jaiprakash Associates, Sterlite, ICICI Bank, Tata Steel, Reliance Infrastructure, ITC, Sesa Goa, Sun Pharma, and Dr Reddy's Labs were on buyers' radar, while GAIL, Larsen, Infosys and HDFC Bank are in the negative side. Nifty has resistance at 5745.983 and 5767.917 and support at 5686.633 and 5649.217.

Sensex is trading at 19079.68 with 12.37 points down from previous closing. The sub-indices which are showing positive trend are METAL,AUTO,OIL & GAS etc while IT, TECH, CG and REALTY are showing negative trend. Sensex has resistance at 19163.96 and 19235.86 and support at 18976.81 and 18861.56.

INTERNATIONAL MARKET
Asian stocks rose, driving a regional benchmark index to a 2 1/2-year high, as U.S. earnings beat analyst estimates and amid speculation that China’s steps to slow inflation won’t curb its economic expansion.

Nikkei increased 19.95 points and was trading at 10538.90.Topix reached 933.44 with an increase of 1.86 points. While Hang Seng gained 256.03 points or 1.06% and was trading at 24410.

FII FLOW
The net FII flow to equity sector on Tuesday recorded a loss of Rs.25.88 crore as against 118 crore the previous day.The open interest for the previous day in Futures segment was Rs. 45867.7 crore as against 45511.26 crore on Monday. The open interest in Options segment was Rs. 51929.79 crore as against Rs. 50972.12 crore the previous day. The aggregate open interest in derivative segment was Rs. 97797.49 crore. This was 96483.38 crore Monday. It may be observed that the aggregate open interest rose 1.36 per cent.

TODAYS STOCK RECOMMENDATION BY ANALYSTS

Market analysis: Ms. Malu Suresh,

School of Asset Management

Kochi

www.schoolofassetmanagement.com