Analysis of Stock Market
DOMESTIC MARKET
Nifty is volatile ahead of expiry of derivatives contracts. Nifty opened at 5725.30 and is currently at 5669.75 with 17.45 points down from the previous closing. Among frontliners, ITC, Axis Bank, ICICI Bank, Sun Pharma, Cipla and SBI were on buyers' radar. However, Sterlite, Infosys, Wipro, HUL, M&M, SAIL and JSPL were witnessing selling pressure. Nifty has resistance at 5765.75 and 5844.1 and support at 5644.85 and 5602.3.
Sensex is trading 69.86 points down from previous closing at 18898.19.REALTY dropped 0.99 % while TECK and IT lost 0.95% and 0.94 % respectively. Sensex has resistance at 19223.81 and 19478.18 and support at 18832.26 and 18695.08
INTERNATIONAL MARKET
Asian stocks climbed for the fourth straight day after the Federal Reserve maintained efforts to stimulate the U.S. economy and new-home sales topped estimates, bolstering confidence in a global recovery.Nikkei gained 84.1 points and was trading at 10486, While Hang Seng was trading at 23926.70 with an increase of 83.43 points.
FII FLOW
The net FII flow to equity sector on Tuesday recorded a gain of 194.90 crore as against a loss of Rs 834.30 crore the previous day. The open interest for the previous day in Futures segment was Rs. 49565.99 crore as against 46416.06 crore on Monday. The open interest in Options segment was Rs. 52343.69 crore as against Rs. 52250.24 crore the previous day. The aggregate open interest in derivative segment was Rs. 101909.68 crore. This was 98666.3 crore Monday. It may be observed that the aggregate open interest rose 3.28 per cent.
TODAYS STOCK RECOMMENDATION BY ANALYSTS
Market Analysis: Ms. Malu Suresh
School of Asset Management
School of Asset Management
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