STOCK MARKET TODAY

Analysis of Stock Market


DOMESTIC MARKET
Nifty opened at 5692.05 and is currently trading with a decline of 0.14% at 5703.55.Technology, metal, FMCG and private financial companies' shares were on sellers' radar whereas capital goods, Anil Dhirubhai Ambani Group and stocks (which will announce results today) were on buyers' radar. Nifty has resistance at 5748.8 and 5786.6 and support at 5653.85 and 5596.7.

Sensex is trading at 19002.02 with 44.52 points down from previous closing.The subindices which showing negative trend are IT,TECK,METAL,FMCG etc while the market is getting support from OIL & GAS,REALTY,CG,POWER etc. Sensex has resistance at 19166.29 and 19286.04 and support at 18860.76 and 18674.98.

INTERNATIONAL MARKET
Asian stocks fell, with the regional benchmark erasing its gains for the year, led by material producers, amid concern that China will take more steps to restrain its economy. Nikkei dropped 90.53 points and reached 10346.80.Topix is trading at 917.47 with a decline of 9.72 points whereas Hang Seng gained 5.65 points and was trading at 24009.30.

FII FLOW
The net FII flow to equity sector on Wednesday recorded a loss of Rs 207.40 crore as against a gain of 176.30 crore the previous day.The open interest for the previous day in Futures segment was Rs. 46238.94 crore as against 46143.36 crore on Tuesday. The open interest in Options segment was Rs. 52656.15 crore as against Rs. 52836.7 crore the previous day. The aggregate open interest in derivative segment was Rs. 98895.09 crore. This was 98980.06 crore Tuesday. It may be observed that the aggregate open interest dropped 0.08 per cent.

NEWS
• Wipro Q3 net profit up 3.4% at Rs 1,319 cr.
• New telecom policy within 100 day deadline: Kapil Sibal.

TODAYS STOCK RECOMMENDATION BY ANALYSTS

Market Analysis: Ms.Malu Suresh

School of Asset Management

Kochi

www.schoolofassetmanagement.com