|
Post-market: (errata) Sensex breaks 8-day losing run, ends 119 points higher
|
Tuesday, November 22, 2011 |
| 
| November 22, 2011 | 5:30 PM | Sensex breaks 8-day losing run, ends 119 points higher Finally, the markets saw some green on the screens after eight-day fall. The Sensex surged 119 points and the Nifty rose 34 points at the close | | | | | | Major headlines | For more news....Click Here | Indian indices It was a pullback rally today after eight successive days of losses. Short covering helped the market. It was warranted after a fall of more than 1,600 points on the Sensex in the last eight days. Major support came in from technology, auto, metal, pharma, oil & gas, PSU and banking stocks. Appreciation in rupee from all-time lows and positive European cues further boosted sentiments. Heavyweights that were leading the markets higher were Tata Motors, Infosys, JP Associates, HDFC, ICICI Bank, RIL and TCS. Sensex movements: The Sensex kick-started the trade 53 points higher at 15996 and continued to trade in green. Extending gains, the index hit an intraday high of 16213 in afternoon trade after Europe opened strong coupled with major support from technology, auto and metal shares. However in the late trade, the index wiped out some of its gains after Europe trimmed gains. The Sensex rose 119 points to close at 16065 and the Nifty settled at 4812, up by 34 points. | | INDEX PERFORMANCE |  | | | | | MARKET INDICATORS |  | | | | | | | Pantaloon Retail | 188.25 | 8.38 | | | | Titan Industries | 185.45 | -6.53 | | Redington India | 80.05 | -3.90 | | United Spirits | 759.75 | -3.40 | | | | | | | | | | | | | | | | | | | | | Market Outlook: In the US, Q3 GDP and FOMC Minutes will be released on Tuesday. | Market sentiment The market breadth stood negative. Of the 2889 stocks traded on the BSE, 1350 (46.73%) rose, 1406 (48.67%) fell and 133 (4.60%) were unchanged. Viewing volumes Wind turbine major - Suzlon Energy saw highest trading with over 1.27 crore shares changing hands on the BSE. Then comes, Indian shipbuilder - Pipavav Defence and Offshore Engineering Company (0.74 crore shares), India's largest automobile company - Tata Motors (0.38 crore shares), Industrial finance company - IFCI (0.31 crore shares) and Largest real estate company - HDIL (0.26 crore shares). | Sectoral & stock screening Among the 13 sectoral indices, 10 closed in green. Top performers - BSE IT up by 1.95%, BSE Metal gained by 1.54% and BSE Auto rose by 1.08%. Only Losers - BSE CD dipped by 3.16%, BSE FMCG slipped by 1.36% and BSE Power slid by 0.27%. In 'A' group stocks, biggest gainers - Amtek Auto jumped by 19.20%, Pantaloon Retail (India) up by 8.38% and Tata Motors rose by 6.91%. Weak movers - Titan Industries declined by 6.53%, Redington (India) fell by 3.90% and United Spirits dipped by 3.40%. |  | | | | | Global signals The European markets were trading higher on Tuesday, after the sharp declines posted on Monday, although appetite for risk remains still subdued on concerns about the health of European banks and the talks to reduce US deficit. The Asian markets were mixed on Tuesday with European and US debt problems remained firmly in focus. The US stock index futures pointed to a mixed open on the Wall Street on Tuesday following the previous session's sharp losses. | | | | Visit www.sharekhan.com to manage your newsletter subscriptions | | | | | | | | | To know more about our products and services, click here. | | | | | | | Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; CD - INE231073330; MCX Stock Exchange : CD - INE261073330 DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662; Mutual Fund: ARN 20669. | | | | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees ("SHAREKHAN and affiliates") are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN." | To unsubscribe write to mailto:myaccount@sharekhan.com
| | | |
posted by Anonymous @ 10:17 AM  |
|
|
|
|