Analysis of Indian Stock Market as on December 13,2010
NSE
Today the market was highly volatile. NIFTY opened at 5882.65 and went as high as 5913.80 before closing at 590.65The market touched lowest for the day at 5795.90. Positive contributors to the market movement were Reliance, HDFC, NTPC ,and BHEL. The negative contributors were ITC, Mah & Mah, Wipro and Ambuja Cements.The market has support at 5831.1and 5754.55 and resistance at 5949 and 5990.
Today the market was highly volatile. NIFTY opened at 5882.65 and went as high as 5913.80 before closing at 590.65The market touched lowest for the day at 5795.90. Positive contributors to the market movement were Reliance, HDFC, NTPC ,and BHEL. The negative contributors were ITC, Mah & Mah, Wipro and Ambuja Cements.The market has support at 5831.1and 5754.55 and resistance at 5949 and 5990.
BSE
Sensex opened at 19600 and closed at 19691.78.The intraday high was at 19719.57 and low at 19321.41.Most of the sub indices closed positively. REALTY, POWER and METAL were the indices which gained the most. Top gainers of today’s market were Reliance, Infosys, Larsen and HDFC ,while the top losers were ICICI Bank, ITC,TCS and Bharti Airtel. The market has support at 19435.6 and 19179.43 and resistance at 19833.76 and 19975.75.
Sensex opened at 19600 and closed at 19691.78.The intraday high was at 19719.57 and low at 19321.41.Most of the sub indices closed positively. REALTY, POWER and METAL were the indices which gained the most. Top gainers of today’s market were Reliance, Infosys, Larsen and HDFC ,while the top losers were ICICI Bank, ITC,TCS and Bharti Airtel. The market has support at 19435.6 and 19179.43 and resistance at 19833.76 and 19975.75.
FII INFLOW
The FII flow was negative today as the net flow recorded at Rs. 819.70 Crore. The open interest in futures market recorded Rs.51950.73 crore and in options Rs.53493.47 aggregating to Rs.105444.20 in the F&O segment as against Rs.104414.94 on the previous day. The FII interest if F&O segment has marginally increased as against the decline in the cash segment.
The FII flow was negative today as the net flow recorded at Rs. 819.70 Crore. The open interest in futures market recorded Rs.51950.73 crore and in options Rs.53493.47 aggregating to Rs.105444.20 in the F&O segment as against Rs.104414.94 on the previous day. The FII interest if F&O segment has marginally increased as against the decline in the cash segment.
INTERNATIONAL MARKET
Asian Markets were in the positive trend. Nikkei gained 81.94 points and closed at 10293.90.TOPIX reached 897.40 after increasing 1.03%. HANG SENG also ended positively with an increase of 154.70 points .European Markets also gained today, STOXX 50 gained 12.07 points and was currently trading at 2851.60.FTSE 100 gained 0.64% and reached 5850.29.
Market analysis by: Ms. Malu Suresh
Asian Markets were in the positive trend. Nikkei gained 81.94 points and closed at 10293.90.TOPIX reached 897.40 after increasing 1.03%. HANG SENG also ended positively with an increase of 154.70 points .European Markets also gained today, STOXX 50 gained 12.07 points and was currently trading at 2851.60.FTSE 100 gained 0.64% and reached 5850.29.
Market analysis by: Ms. Malu Suresh
School of Asset Management,
Kochi
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