Saturday, November 10, 2007
Mahurat trading closes in the negative for the first time in 7 years. But statistics see good gains in the next two weeks after Diwali, reports CNBC TV18.
Mahurat trading ends with the Sensex losing 150 points and Nifty 35 points from the high of the day. The Sensex closed at 18764, down 294 points while Nifty closed at 5663, down 35 points from the previous close. The BSE Smallcaps Index was able to hold on to its gains and closed up 1%. The market breadth was negative with some profit booking (taking Laxmi or money home), with advances at 835 against declines of 326 on the NSE. The Nifty gainers included Hindustan Petroleum, BPCL, Suzlon Energy, RPL and Reliance Communications while losers included Wipro, Sun Pharmaceuticals, ACC, ICICI Bank and Bharti Airtel.
Mahurat trading ends with the Sensex losing 150 points and Nifty 35 points from the high of the day. The Sensex closed at 18764, down 294 points while Nifty closed at 5663, down 35 points from the previous close. The BSE Smallcaps Index was able to hold on to its gains and closed up 1%. The market breadth was negative with some profit booking (taking Laxmi or money home), with advances at 835 against declines of 326 on the NSE. The Nifty gainers included Hindustan Petroleum, BPCL, Suzlon Energy, RPL and Reliance Communications while losers included Wipro, Sun Pharmaceuticals, ACC, ICICI Bank and Bharti Airtel.
The market is now trading flat. The Sensex is currently trading at 19060, up 2 points and the Nifty is trading at 5697, down 1 point from the previous close. The market breadth is positive with advances at 662 against declines of 198 on the NSE.
The Sensex has crossed 8 milestones of 1000 points from 13000 to 20000 since the last Diwali to this Diwali. The Sensex has gained 50%, the Nifty 55%, BSE Midcaps 55% and BSE Capital Goods 133% since last Diwali.
The Sensex has crossed 8 milestones of 1000 points from 13000 to 20000 since the last Diwali to this Diwali. The Sensex has gained 50%, the Nifty 55%, BSE Midcaps 55% and BSE Capital Goods 133% since last Diwali.
The Indian market will usher in a new year, Samwat 2064, with Mahurat Trading on the Bombay Stock Exchange at 6pm.
Mahurat Trading opens on a positive note with a little bit of profit taking. The Sensex is currently trading 19224, up 165 points and the Nifty is trading at 5727, up 28 points from the previous close. The BSE Midcaps and Smallcaps are also both trading in the positive, up almost 1%. The market breadth is positive with advances at 557 against declines of 125 on the NSE.
Mahurat Trading opens on a positive note with a little bit of profit taking. The Sensex is currently trading 19224, up 165 points and the Nifty is trading at 5727, up 28 points from the previous close. The BSE Midcaps and Smallcaps are also both trading in the positive, up almost 1%. The market breadth is positive with advances at 557 against declines of 125 on the NSE.
Thursday, November 8, 2007
The market that holds on when there are bad cues shows its strength and today the Indian market has shown character, Ashwani Gujral, technical analyst, on CNBC-TV18.
The Indian market has outperformed today in the global scenario and the long-term picture is still positive, says Rajesh Jain of Pranav Securities, on NDTV Profit. The last few trading sessions have seen profit booking ahead of the festive season and there is no reason for concern, he adds.
The Indian market has outperformed today in the global scenario and the long-term picture is still positive, says Rajesh Jain of Pranav Securities, on NDTV Profit. The last few trading sessions have seen profit booking ahead of the festive season and there is no reason for concern, he adds.
The Indian market has outperformed today in the global scenario and the long-term picture is still positive, says Rajesh Jain of Pranav Securities, on NDTV Profit. The last few trading sessions have seen profit booking ahead of the festive season and there is no reason for concern, he adds.
The Indian market has outperformed today in the global scenario and the long-term picture is still positive, says Rajesh Jain of Pranav Securities, on NDTV Profit. The last few trading sessions have seen profit booking ahead of the festive season and there is no reason for concern, he adds.
The Indian market has shown great resilience compared with weak global markets, says Rajesh Jain of Pranav Securities, on NDTV Profit. The market has seen good buying power at the bottom of the pyramid from small investors, he says. Investors should keep the 2008 budget as their next target and accumulate sound fundamental stocks on corrections, he adds.
The Sensex is off 300 points and Nifty off 100 points from the dayÿs high. The Sensex is trying hard to hold on to 19000 but has slipped further into the negative. The Sensex is currently trading at 18941, down 351 points while Nifty is at 5657, down 124 points from the previous close. The market breadth is negative with advances at 343 against declines of 824 on the NSE.
The domestic story of India will remain good next year, says Sharmila Joshi of Prabhudas Lilladher, on CNBC TV18. The Diwali stock picks for the year ahead are BHEL, L&T, Bank of Baroda and ICICI Bank, she adds. These stocks are likely to show good returns with a long-term perspective of one year, she says.
The domestic story of India will remain good next year, says Sharmila Joshi of Prabhudas Lilladher, on CNBC TV18. The Diwali stock picks for the year ahead are BHEL, L&T, Bank of Baroda and ICICI Bank, she adds. These stocks are likely to show good returns with a long-term perspective of one year, she says.
Markets weak, Very volatile; Wipro, ICICI Bk, Sterlite down
The markets continue to trade weak amid volatility in line with its Asian peers. Banking, IT and metal stocks are still under pressure. BSE midcap and smallcap index have outperformed the Sensex.
The markets have lost further ground as the Asian markets plummeted in late trade on account of selling pressure. On NSE market breadth was in favour of declining stocks with over 700 stocks on the decline side and only 442 srocks on the advancing side.
At 12.54 pm, the Sensex is down 181.18 points or 0.94% at 19108.65, and the Nifty down 82.40 points or 1.43% at 5699.95. About 1298 shares have advanced, 1658 shares declined, and 107 shares are unchanged.
Rupee was quoting at 39.35 against a US dollar. Nymex crude price has softened a bit and was at $ 95.65 per barrel.
Top gainers on the Sensex are ACC at Rs 1,062 up 3.33%, Reliance Energy at Rs 1,855 up 1.97% and Hindalco at Rs 191.95 up 1.75%.
Top losers on the Sensex are Bharti Airtel at Rs 859 down 4.58%, HDFC Bank at Rs 1,566.50 down 3.18% and Wipro at Rs 462.25 down 3.16%.
Most active shares on NSE are Reliance Natural at Rs 152.80 with 30,291,769 shares, Reliance Inds at Rs 2,768.80 with 1,154,895 shares and Reliance Energy at Rs 1,843 with 1,672,702 shares.
Mkts pull back from early lows; bank, IT stocks worst hit
The markets have pulled back significantly from the early lows but are still trading under pressure. All the key BSE indices are trading in red led by banking, IT and metal sectors which are trading with a cut of over 1%.
Market breadth has also improved however was still in favour of declining stocks. On NSE 335 stocks were on the advancing side and over 715 stocks on the declining side. Rupee was quoting at 39.35 against a US dollar. Nymex crude price has softened a bit and was at $ 95.65 per barrel.
At 10.55 am, the Sensex is down 118.64 points or 0.62% at 19171.19, and the Nifty down 66.35 points or 1.15% at 5716. About 1282 shares have advanced, 1673 shares declined, and 108 shares are unchanged.
Top gainers on the Sensex are Hindalco at Rs 190.90 up 1.19%, Larsen at Rs 4,135 up 0.50% and ACC at Rs 1,029.70 up 0.18%.
Top losers on the Sensex are Wipro at Rs 461.70 down 3.28%, HDFC Bank at Rs 1,577.80 down 2.48% and Bharti Airtel at Rs 883 down 1.92%.
Most active shares on NSE are Reliance Natural at Rs 148.55 with 14,704,069 shares, Reliance Petroleum at Rs 214.95 with 8,368,144 shares and Reliance at Rs 2,768.45 with 489,375 shares.
BSE Bankex was down nearly 1.9% at 10,419. Major losers in this space were HDFC Bank at 1580 down 2.35%, SBI at 2221.90 dpwn 2.01% and ICICI Bank at 1180 down 1.98%.
IT stocks were also trading subdued today and the major loser were Wipro at 458.80 down 3.89%, I-Flex at 1364.80 down 2.26%. Infosys hit 52 week low today.
Mkts open with huge gap down on weak global cues
The markets opened on weak note today taking cues from the global markets. Heavy selling was seen in the opening trade today led by the IT, cap good stocks.
At 9:56 am, Sensex was down 307 points at 18962 and Nifty was down 126 points at 5655. Major losers in the early trade were Rel Petroelum, Sterlite, SBI, HDFC Bank, Wipro, ACC, Bharti, Maruti, Satyam and Infosys.
Asian markets plunged today. Hong Kong's Hang Seng tumbled 2.74% or 812.63 points at 28,896.30, Japan's Nikkei fell 2.32% or 372.71 points at 15,723.97, Taiwan's Taiwan Weighted plunged 2.96% or 275.41 points at 9,024.81, Singapore's Straits Times was down 0.27% or 10.09 points at 3,673.01 and South Korea's Seoul Composite declined 1.82% or 37.23 points at 2,005.96.
US markets: The Dow fell 360.92 points, or 2.64%, to 13,300.02. The Standard & Poor's 500 index fell 44.65 points, or 2.94%, to 1,475.62- moving below the 1,500 benchmark. The Nasdaq composite index fell 76.42 points, or 2.70%, to 2,748.76.
The markets continue to trade weak amid volatility in line with its Asian peers. Banking, IT and metal stocks are still under pressure. BSE midcap and smallcap index have outperformed the Sensex.
The markets have lost further ground as the Asian markets plummeted in late trade on account of selling pressure. On NSE market breadth was in favour of declining stocks with over 700 stocks on the decline side and only 442 srocks on the advancing side.
At 12.54 pm, the Sensex is down 181.18 points or 0.94% at 19108.65, and the Nifty down 82.40 points or 1.43% at 5699.95. About 1298 shares have advanced, 1658 shares declined, and 107 shares are unchanged.
Rupee was quoting at 39.35 against a US dollar. Nymex crude price has softened a bit and was at $ 95.65 per barrel.
Top gainers on the Sensex are ACC at Rs 1,062 up 3.33%, Reliance Energy at Rs 1,855 up 1.97% and Hindalco at Rs 191.95 up 1.75%.
Top losers on the Sensex are Bharti Airtel at Rs 859 down 4.58%, HDFC Bank at Rs 1,566.50 down 3.18% and Wipro at Rs 462.25 down 3.16%.
Most active shares on NSE are Reliance Natural at Rs 152.80 with 30,291,769 shares, Reliance Inds at Rs 2,768.80 with 1,154,895 shares and Reliance Energy at Rs 1,843 with 1,672,702 shares.
Mkts pull back from early lows; bank, IT stocks worst hit
The markets have pulled back significantly from the early lows but are still trading under pressure. All the key BSE indices are trading in red led by banking, IT and metal sectors which are trading with a cut of over 1%.
Market breadth has also improved however was still in favour of declining stocks. On NSE 335 stocks were on the advancing side and over 715 stocks on the declining side. Rupee was quoting at 39.35 against a US dollar. Nymex crude price has softened a bit and was at $ 95.65 per barrel.
At 10.55 am, the Sensex is down 118.64 points or 0.62% at 19171.19, and the Nifty down 66.35 points or 1.15% at 5716. About 1282 shares have advanced, 1673 shares declined, and 108 shares are unchanged.
Top gainers on the Sensex are Hindalco at Rs 190.90 up 1.19%, Larsen at Rs 4,135 up 0.50% and ACC at Rs 1,029.70 up 0.18%.
Top losers on the Sensex are Wipro at Rs 461.70 down 3.28%, HDFC Bank at Rs 1,577.80 down 2.48% and Bharti Airtel at Rs 883 down 1.92%.
Most active shares on NSE are Reliance Natural at Rs 148.55 with 14,704,069 shares, Reliance Petroleum at Rs 214.95 with 8,368,144 shares and Reliance at Rs 2,768.45 with 489,375 shares.
BSE Bankex was down nearly 1.9% at 10,419. Major losers in this space were HDFC Bank at 1580 down 2.35%, SBI at 2221.90 dpwn 2.01% and ICICI Bank at 1180 down 1.98%.
IT stocks were also trading subdued today and the major loser were Wipro at 458.80 down 3.89%, I-Flex at 1364.80 down 2.26%. Infosys hit 52 week low today.
Mkts open with huge gap down on weak global cues
The markets opened on weak note today taking cues from the global markets. Heavy selling was seen in the opening trade today led by the IT, cap good stocks.
At 9:56 am, Sensex was down 307 points at 18962 and Nifty was down 126 points at 5655. Major losers in the early trade were Rel Petroelum, Sterlite, SBI, HDFC Bank, Wipro, ACC, Bharti, Maruti, Satyam and Infosys.
Asian markets plunged today. Hong Kong's Hang Seng tumbled 2.74% or 812.63 points at 28,896.30, Japan's Nikkei fell 2.32% or 372.71 points at 15,723.97, Taiwan's Taiwan Weighted plunged 2.96% or 275.41 points at 9,024.81, Singapore's Straits Times was down 0.27% or 10.09 points at 3,673.01 and South Korea's Seoul Composite declined 1.82% or 37.23 points at 2,005.96.
US markets: The Dow fell 360.92 points, or 2.64%, to 13,300.02. The Standard & Poor's 500 index fell 44.65 points, or 2.94%, to 1,475.62- moving below the 1,500 benchmark. The Nasdaq composite index fell 76.42 points, or 2.70%, to 2,748.76.
The market is still trading lower, taking cues from weak Asian markets. The Sensex is currently trading at 19,109, down 180 points from the previous close. Nifty is at 5717, down 64 points. Market breadth is turning a little strong, as the gap between advances and declines is narrowing; 495 advances against 642 declines on the NSE. Banks, IT and metal stocks are witnessing maximum pressure.
n the midcap pack, one can look at Neyveli Lignite, JP Hydro, Century Textiles and even Reliance Capital, says Hemant Thukral of Asian Markets Securities, on Zee Business. The BSE Midcap Index is down 0.2%.
n the midcap pack, one can look at Neyveli Lignite, JP Hydro, Century Textiles and even Reliance Capital, says Hemant Thukral of Asian Markets Securities, on Zee Business. The BSE Midcap Index is down 0.2%.
The market may open lower and consolidation may continue, says an NDTV Profit Poll. Momentum stocks may correct further.
Taking cues from the Asian markets, which are trading weak Thursday morning, Indian market opened lower. The Sensex fell below the 19,000 mark within seconds of opening, but is currently at 19,040, down 248 points. Nifty is at 5696, down 85 points from the previous close.
Even if the market stabilises at current levels, it will be a big acheivement, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. The market is choppy, but has pulled back a bit. The Sensex is at 19,133, down 156 points from the previous close. Nifty is at 5713, down 68 points.
If the Sensex breaks 17,000, only then the market is expected to fall further, says Shrikant Chouhan, Kotak Securities, on NDTV Profit. Otherwise one can expect a bounceback from any level above 17,000, he adds. He also cautions that the current market is not right for intra-day trading.
Taking cues from the Asian markets, which are trading weak Thursday morning, Indian market opened lower. The Sensex fell below the 19,000 mark within seconds of opening, but is currently at 19,040, down 248 points. Nifty is at 5696, down 85 points from the previous close.
Even if the market stabilises at current levels, it will be a big acheivement, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. The market is choppy, but has pulled back a bit. The Sensex is at 19,133, down 156 points from the previous close. Nifty is at 5713, down 68 points.
If the Sensex breaks 17,000, only then the market is expected to fall further, says Shrikant Chouhan, Kotak Securities, on NDTV Profit. Otherwise one can expect a bounceback from any level above 17,000, he adds. He also cautions that the current market is not right for intra-day trading.
Wednesday, November 7, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Federal Bank | 443.90 | +9.12 |
| + Ispat Industries | 30.30 | +8.80 |
| + Chennai Petro. | 339.80 | +7.26 |
| + Sterlite Indus. | 1,056.95 | +6.58 |
| + GAIL India Ltd. | 457.30 | +6.51 |
Top Five Loser's
| + Ramco Systems Lt | 148.60 | -11.65 |
| + National Fertili | 72.70 | -9.97 |
| + Fertilisers & Ch | 33.90 | -9.96 |
| + HMT Ltd. | 77.40 | -7.80 |
| + Rolta India | 698.60 | -7.75 |
The Sensex closed at the day's low, at 19289, down 110 points. The 30-share index closed off 400 points from the intra-day high of 19,678. Nifty closed at 5782, down 4 points from the previous close. The BSE Smallcap Index and BSE Midcap Index also closed in the negative. The market breadth was negative with advances at 401 against declines of 782 on the NSE. Major Sensex gainers include Sterlite Industries, GAIL, BHEL, SBI and Reliance Industries, while losers include Bharti Airtel, Infosys, Satyam, HCL Technologies and Wipro.
The market continues to be volatile and the Sensex has slipped into the negative. The Sensex is currently trading at 19343, down 57 points while Nifty holding on to its gains is at 5792, up 5
The market is choppy and still looking weak. It is a nightmare market for Nifty traders who would be unable to figure out the direction of the market. The Sensex is currently trading at 19452, up 51 points from the previous close. The BSE Smallcaps Index is also down by almost 1%. The market breadth is negative with advances at 422 against declines of 752 on the NSE. points while Nifty is at 5819, up 33 points from the previous close. The market breadth is negative with advances at 494 against declines of 673 on the NSE. The major Sensex gainers include Sterlite Industries, GAIL and Reliance Industries, while losers include Bharti Airtel, Reliance Communications, Infosys, Satyams and Wipro.
The market is choppy and still looking weak. It is a nightmare market for Nifty traders who would be unable to figure out the direction of the market. The Sensex is currently trading at 19452, up 51 points from the previous close. The BSE Smallcaps Index is also down by almost 1%. The market breadth is negative with advances at 422 against declines of 752 on the NSE. points while Nifty is at 5819, up 33 points from the previous close. The market breadth is negative with advances at 494 against declines of 673 on the NSE. The major Sensex gainers include Sterlite Industries, GAIL and Reliance Industries, while losers include Bharti Airtel, Reliance Communications, Infosys, Satyams and Wipro.
The market is oscillating from the positive to the negative terrain. The Sensex is currently trading at 19,289, down 111 points from the previous close. Nifty is at 5751, down 34 points. Market breadth continues to remain weak, with 349 advances against 798 declines on the BSE.
Retail is quite positive on the market, but foreign fund flows have been a little subdued, says Ashwani Gujral, technical analyst, on CNBC-TV18. So the market see some sideways movement, he adds.
Asian currencies are a favoured 'buy' versus the dollar, says Chin Loo, Senior Currency Strategist, BNP Paribas, on CNBC-TV18. She sees year-end dollar-rupee target at 38.50. The rupee is currently at 39.25 versus the US dollar.
Nilesh Shah, MD & CEO of Envision Capital advises caution on the telecom sector. Lower realisations, policy changes, new players entering the market in the next 12-18 months bringing in more competition will all work against the sector, he explains, on CNBC-TV18. Look at this sector only if the market sees a reasonably large correction from here, he suggests.
Retail is quite positive on the market, but foreign fund flows have been a little subdued, says Ashwani Gujral, technical analyst, on CNBC-TV18. So the market see some sideways movement, he adds.
Asian currencies are a favoured 'buy' versus the dollar, says Chin Loo, Senior Currency Strategist, BNP Paribas, on CNBC-TV18. She sees year-end dollar-rupee target at 38.50. The rupee is currently at 39.25 versus the US dollar.
Nilesh Shah, MD & CEO of Envision Capital advises caution on the telecom sector. Lower realisations, policy changes, new players entering the market in the next 12-18 months bringing in more competition will all work against the sector, he explains, on CNBC-TV18. Look at this sector only if the market sees a reasonably large correction from here, he suggests.
The market opened on the higher side on Wednesday. The Sensex is currently trading at 19,651, up 251 points from the previous close. Nifty is at 5857, up 70 points. The BSE Midcap and Smallcap indices are also trading above 1.25% each.
The gap up opening for the market today can be attributed to a good trading session seen in the US markets yesterday, says Vijay Bhambwani, technical analyst, on CNBC-TV18. But let's wait and watch if the market can sustain these gains, even after 1:30 PM today, he says. If it does, then expect a positive close, he adds.
For the next couple of weeks or so, the market may be rangebound and even trade lower than the current levels, says Sharmil Joshi of Prabhudas Lilladher, on CNBC-TV18. Both the Sensex and Nifty, have slipped into the negative terrain. Sensex is at 19,391, down 8 points and the Nifty is at 5774, down 11 points form the previous close. Market breadth is weak with 338 advances against 698 declines on the NSE.
Book profits at higher levels, says Niraj Diwan of Quantum Securities, on Zee Business. Investors have become a little uncomfortable at 20,000 levels and therefore, the market may see some decline, he says.
The gap up opening for the market today can be attributed to a good trading session seen in the US markets yesterday, says Vijay Bhambwani, technical analyst, on CNBC-TV18. But let's wait and watch if the market can sustain these gains, even after 1:30 PM today, he says. If it does, then expect a positive close, he adds.
For the next couple of weeks or so, the market may be rangebound and even trade lower than the current levels, says Sharmil Joshi of Prabhudas Lilladher, on CNBC-TV18. Both the Sensex and Nifty, have slipped into the negative terrain. Sensex is at 19,391, down 8 points and the Nifty is at 5774, down 11 points form the previous close. Market breadth is weak with 338 advances against 698 declines on the NSE.
Book profits at higher levels, says Niraj Diwan of Quantum Securities, on Zee Business. Investors have become a little uncomfortable at 20,000 levels and therefore, the market may see some decline, he says.
Tuesday, November 6, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + HMT Ltd. | 83.95 | +19.93 |
| + Neyveli Lignite | 162.80 | +10.22 |
| + National Fertili | 80.75 | +9.94 |
| + Fertilisers & Ch | 37.65 | +9.93 |
| + GAIL India Ltd. | 429.35 | +7.10 |
Top Five Loser's
| + Reliance Petroleum | 220.35 | -17.64 |
| + HCL Infosystem | 205.00 | -9.89 |
| + Bank of Baroda | 359.65 | -6.12 |
| + Punj Lloyd | 501.15 | -5.65 |
| + Exide Inds. | 66.25 | -5.63 |
Market's opened strong but closed weak
The market saw a good start but closed in the negative after witnessing selling pressure in the last hour of trade. The Sensex closed at 19400, down 190 points while Nifty closed at 5786, down 60 points from the previous close. The BSE Midcaps and Smallcaps Index both closed in the negative.
The market breadth was negative with advances at 443 against declines of 736 on the NSE. The Sensex gainers includeHindalco, Bajaj Auto, BHEL and Dr Reddy's Labs, while losers include Reliance Communications, L&T, Bharti Airtel and ICICI Bank.
The market breadth was negative with advances at 443 against declines of 736 on the NSE. The Sensex gainers includeHindalco, Bajaj Auto, BHEL and Dr Reddy's Labs, while losers include Reliance Communications, L&T, Bharti Airtel and ICICI Bank.
The power and realty sector are showing strength, says Rajat Bose, technical analyst, on CNBC-TV18. He recommends BHEL, PFC and Essar Oil on corrections. Reliance Communications had seen a steady uptrend and cracked today, but the stock is in a corrective swing and will bounce back, he adds.
Capital inflows into India will remain strong, says Stephen Koukoulas, global strategist with TD Securities, on NDTV Profit. Sentiments towards emerging markets to remain positive, he adds.
The market was all revved up and has witnessed buying and profit taking, says Rajesh Jain of Pranav Securities, on NDTV Profit. The last two months of the year are crucial for the portfolio management industry and there does not seem to be any negative factors on the horizon until the next target, the 2008 budget, he adds.
Capital inflows into India will remain strong, says Stephen Koukoulas, global strategist with TD Securities, on NDTV Profit. Sentiments towards emerging markets to remain positive, he adds.
The market was all revved up and has witnessed buying and profit taking, says Rajesh Jain of Pranav Securities, on NDTV Profit. The last two months of the year are crucial for the portfolio management industry and there does not seem to be any negative factors on the horizon until the next target, the 2008 budget, he adds.
The Bse Sensex closed at 19400 down 190 points & Nifty closed at 5786 down 60 points
Stay cautious in this rally, says Rajat Bose, technical analyst, on CNBC-TV18. The volatility in the market is not a reason for concern and traders can use it as an opportunity for day-trading to make money, he adds.
European markets were quiet with FTSE in the positive, while the CAC and Dax are both trading flat. Asian markets was mixed bag with the Nikkei and Shanghai both closing in the negative. The market back home continues to see volatility. The Sensex is currently trading at 19490, down 100 points while Nifty is at 5810, down 37 points from the previous close. All the BSE sectorial indices are also trading in the negative. The market breadth continues to be negative with advances at 507 against declines of 667 on the NSE.
Stay cautious in this rally, says Rajat Bose, technical analyst, on CNBC-TV18. The volatility in the market is not a reason for concern and traders can use it as an opportunity for day-trading to make money, he adds.
European markets were quiet with FTSE in the positive, while the CAC and Dax are both trading flat. Asian markets was mixed bag with the Nikkei and Shanghai both closing in the negative. The market back home continues to see volatility. The Sensex is currently trading at 19490, down 100 points while Nifty is at 5810, down 37 points from the previous close. All the BSE sectorial indices are also trading in the negative. The market breadth continues to be negative with advances at 507 against declines of 667 on the NSE.
The market is holding on to its gains. The Sensex is at 19,877, up 286 points from the previous close. Nifty is at 5942, up 94 points. The BSE Midcap and Smallcap indices are up 1.6% up each. Market breadth is strong too, with advances at 859 against 282 declines on the NSE. All sectoral indices are trading higher, with the BSE Metal index seeing maximum interest; up 2.9%.
The Sensex is headed towards 21,500-22,000, says a market expert on Zee Business. Therefore, keep booking profits at higher levels, because a correction phase is expected in a month or so, he adds.
The Nifty will face resistance at 5960-5970 levels, says Siddarth Bhambre, Derivatives analyst with Angel Broking, on CNBC-TV18. He therefore recommends booking profits at these levels.
The Sensex is headed towards 21,500-22,000, says a market expert on Zee Business. Therefore, keep booking profits at higher levels, because a correction phase is expected in a month or so, he adds.
The Nifty will face resistance at 5960-5970 levels, says Siddarth Bhambre, Derivatives analyst with Angel Broking, on CNBC-TV18. He therefore recommends booking profits at these levels.
The markets were trading strong and stable today. All the key BSE indices were trading in green led by capital goods, metal and oil & gas index.
At 10.20 am, the Sensex is up 200 points or 1.02% at 19790.78, and the Nifty up 64.40 points or 1.10% at 5911.70. About 2008 shares have advanced, 962 shares declined, and 92 shares are unchanged.
Market breadth was inclined towards the advancing stocks with over 830 stocks on the advancing sede and about 247 stocks on the downside. Rupee was quoting at 39.31 against a US dollar.
Top gainers on the Sensex are Hindalco at Rs 188 2.40%, Larsen & Toubro at Rs 4,383 up 2.23%, ONGC at Rs 1,327.50 up 2.19%.
Top losers on the Sensex are Satyam at Rs 463.10 down 0.18%.
Top gainers on the Nifty are Sterlite Inds at Rs 1,018 up 2.78%, ONGC at Rs 1,333 up 2.63% and Reliance Energy at Rs 1,858.35 up 2.25%.
Top losers on the Nifty are GlaxoSmithKline at Rs 1,036.25 down 0.91% and Tata Motors at Rs 740.05 down0.01%.
Most active shares on NSE are Reliance Natura at Rs 194.30 with 33,301,153 shares, Reliance Petro at Rs 271.05 with 8,684,029 shares and Reliance Energy at Rs 1,858.35 with 608,445 shares.
Mkts open on firm note; power, cap good stocks up
The markets opened on firm note today with very impressive market breadth. Broad based buying was witnessed in the early trade today led by capital goods, metal and power stocks.
At 9:56 am, Nifty was up 86 points at 5933 and Sensex was up 230 points at 19821. Major gainers in the early trade were Rel Petroleum, Rel Comm, RNRL, Bharti, NTPC, Sterlite, L&T, ACC and Reliance.
Market breadth on NSE was in favour of advancing stocks with over 340 stocks on the advancing side and around 75 stocks on the downside.
Asian markets trading mixed. Japan's Nikkei gained 0.52% or 85.01 points at 16,353.93, Taiwan's Taiwan Weighted was up 0.16% or 15.27 points at 9,323.87, South Korea's Seoul Composite rose 0.70% or 14.16 points at 2,029.92, However, Hong Kong's Hang Seng plunged 1.24% or 358.24 points at 28,584.08 and Singapore's Straits Times was flat at 3,671.68.
US markets: The Dow Jones industrial average fell 51.70 points, or 0.38%, at 13,543.40. Broader stock indicators also fell. The Standard & Poor's 500 index fell 7.48 points, or 0.50%, to 1,502.17, and the Nasdaq composite index fell 15.20 points, or 0.54%, to 2,795.18.
At 10.20 am, the Sensex is up 200 points or 1.02% at 19790.78, and the Nifty up 64.40 points or 1.10% at 5911.70. About 2008 shares have advanced, 962 shares declined, and 92 shares are unchanged.
Market breadth was inclined towards the advancing stocks with over 830 stocks on the advancing sede and about 247 stocks on the downside. Rupee was quoting at 39.31 against a US dollar.
Top gainers on the Sensex are Hindalco at Rs 188 2.40%, Larsen & Toubro at Rs 4,383 up 2.23%, ONGC at Rs 1,327.50 up 2.19%.
Top losers on the Sensex are Satyam at Rs 463.10 down 0.18%.
Top gainers on the Nifty are Sterlite Inds at Rs 1,018 up 2.78%, ONGC at Rs 1,333 up 2.63% and Reliance Energy at Rs 1,858.35 up 2.25%.
Top losers on the Nifty are GlaxoSmithKline at Rs 1,036.25 down 0.91% and Tata Motors at Rs 740.05 down0.01%.
Most active shares on NSE are Reliance Natura at Rs 194.30 with 33,301,153 shares, Reliance Petro at Rs 271.05 with 8,684,029 shares and Reliance Energy at Rs 1,858.35 with 608,445 shares.
Mkts open on firm note; power, cap good stocks up
The markets opened on firm note today with very impressive market breadth. Broad based buying was witnessed in the early trade today led by capital goods, metal and power stocks.
At 9:56 am, Nifty was up 86 points at 5933 and Sensex was up 230 points at 19821. Major gainers in the early trade were Rel Petroleum, Rel Comm, RNRL, Bharti, NTPC, Sterlite, L&T, ACC and Reliance.
Market breadth on NSE was in favour of advancing stocks with over 340 stocks on the advancing side and around 75 stocks on the downside.
Asian markets trading mixed. Japan's Nikkei gained 0.52% or 85.01 points at 16,353.93, Taiwan's Taiwan Weighted was up 0.16% or 15.27 points at 9,323.87, South Korea's Seoul Composite rose 0.70% or 14.16 points at 2,029.92, However, Hong Kong's Hang Seng plunged 1.24% or 358.24 points at 28,584.08 and Singapore's Straits Times was flat at 3,671.68.
US markets: The Dow Jones industrial average fell 51.70 points, or 0.38%, at 13,543.40. Broader stock indicators also fell. The Standard & Poor's 500 index fell 7.48 points, or 0.50%, to 1,502.17, and the Nasdaq composite index fell 15.20 points, or 0.54%, to 2,795.18.
Reliance Communications and Microsoft have entered into an eight-year exclusive alliance for IPTV services, which the former plans to launch in India by March 2008.
RCom will pay up to $500 million to Microsoft in licence fees for the US company’s Mediaroom IPTV software platform.
“There is no other country where we have signed up an exclusive deal with anybody,” said Mr Steve Ballmer, CEO, Microsoft, at a press conference on Monday.
The deal will also be unique in terms of the scale of deployment that RCom is targeting, “India being a large country with a large population.”
RCom will provide the service first in Mumbai and Delhi, moving to 30 large cities subsequently, said Mr Anil D. Ambani, Chairman, RCom.
The service will be delivered through RCom’s fibre optic network, which covers 13,000 towns and five lakh villages in India.
However, officials from neither company would comment on the pricing strategy for the initiative.
The platform will enable Reliance’s IPTV service to deliver video-on-demand, digital video recording, instant channel changing and personal media sharing. Subscribers will be able to watch popular standard definition as well as high definition content.
The RCom scrip was down by 0.81 per cent on BSE to close at Rs 779.3 on Monday.
Monday, November 5, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Fertilisers & Ch | 34.25 | +19.96 |
| + HMT Ltd. | 70.00 | +14.94 |
| + Dredging Corpora | 1,054.95 | +10.00 |
| + National Fertili | 73.45 | +9.96 |
| + Engineers India | 988.60 | +9.35 |
Top Five Loser's
| + Finolex Cables | 75.05 | -6.07 |
| + Birla Corporation Lt | 305.45 | -5.08 |
| + ONGC | 1,299.05 | -4.91 |
| + Exide Inds. | 70.20 | -4.81 |
| + Jindal Saw | 778.90 | -4.63 |
The Asian markets closed weak today and the European markets were also trading relatively flat. The market was slightly choppy and the BSE Midcaps Index (up 0.7%) and Smallcaps INdex (up1.2%) dominated today. The Sensex closed at 19590, down 385 points while Nifty closed at 5847, down 85 points from the previous close. The market breadth was negative with advances at 585 against declines of 597 on the NSE. The Sensex gainers included Bharti Airtel, NTPC, SBI and Cipla, while the losers included ICICI Bank, Relaince Industries, Infosys and ONGC.
Worsening credit market seen in the next 2-3 weeks, says Jay Moghe of Opes Prime Asset Management, on NDTV Profit. A sell-off has been witnessed across Asian markets, he adds. The liquidity bubble due to the Federal rate cut led to the rise in the Asian markets, he says.
Reliance Communications ties up with Microsoft, to launch iPTV services in Mumbai and Delhi soon, says Anil Ambani, Chairman of ADAG (Anil Dhirubhai Ambani Group) while addressing a press conference with Microsoft CEO Steve Ballmer on NDTV Profit. Reliance Communications is currently trading at Rs 792, up 0.7% on the BSE.
Worsening credit market seen in the next 2-3 weeks, says Jay Moghe of Opes Prime Asset Management, on NDTV Profit. A sell-off has been witnessed across Asian markets, he adds. The liquidity bubble due to the Federal rate cut led to the rise in the Asian markets, he says.
Reliance Communications ties up with Microsoft, to launch iPTV services in Mumbai and Delhi soon, says Anil Ambani, Chairman of ADAG (Anil Dhirubhai Ambani Group) while addressing a press conference with Microsoft CEO Steve Ballmer on NDTV Profit. Reliance Communications is currently trading at Rs 792, up 0.7% on the BSE.
The Sensex is off almost 450 points and Nifty off almost 100 points from the dayÿs high. However, the broader market is strong on the back of the BSE Smallcap Index and BSE Midcap Index, both up nearly 1%. The Sensex is currently trading at 19512, down 449 points while Nifty is at 5832, down 100 points from the previous close. The market breadth is positive with advances at 593 against declines of 584 on the NSE.
The markets have lost further ground and continue to trade in deep red tracking its Asian peers. Selling pressure is seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
At 14.10 hrs IST, the Sensex is down 352.57 points or 1.76% at 19623.66, and the Nifty down 74.05 points or 1.25% at 5858.35.
About 1627 shares have advanced, 1342 shares declined, and 92 shares are unchanged.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1% and smallcap index is up 1.4%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, Cipla, SBI, NTPC, Tata Power, PNB and HPCL .
Noida Toll Bridge, Jaiprakash Hydro, RNRL, HMT are among the other gainers from broader markets.
Top losers on the indices are ONGC & ICICI Bank down over 4% each, HDFC Bank down 3%, Infosys and GlaxoSmithKline.
Markets slip: Auto, bank, oil & gas, IT stocks down
The markets are trading weak on account of selling pressure seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
At 1:09 hrs IST, the Sensex is down 231.75 points or 1.16% at 19744.48, and the Nifty down 45.10 points or 0.76% at 5887.30.
About 1792 shares have advanced, 1189 shares declined, and 80 shares are unchanged.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1.7% and smallcap index is up 2%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, SBI, NTPC, Tata Power PNB and HPCL .
Top losers on the indices are ONGC, ICICI Bank, HDFC Bank, Infosys and GlaxoSmithKline.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Markets quiet; realty, metal index firm
The markets are trading very quiet. IT, auto and FMCG stocks are under pressure, however realty and metal index are trading firm with over 1% gains.
Rupee was trading at 39.32 against US dollar. Market breadth was positive on NSE with nearly 800 stocks on the advancing side and about 350 stocks on the decline side.
At 11.28 am, the Sensex is down 59.39 points or 0.30% at 19916.84, and the Nifty up 14.70 points or 0.25% at 5947.10. About 1790 shares have advanced, 1176 shares declined, and 95 shares are unchanged.
Top gainers on the Nifty are Tata Power at Rs 1,375 up 5.42%, PNB at Rs 570.05 up 5.23% and HPCL at Rs 248 up 3.64%. BSE Realty and Metal index was up over 1%.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Top losers on the Nifty are ONGC at Rs 1,337 down 2.14%, Infosys at Rs 1,880 down 1.94% and GlaxoSmithKline at Rs 1,037 down 1.92%.
BSE midcap and smallcap have been outperforming the Sensex. BSE midcap was up 1.52% at 8143.25 and smallcap was up 2.04% at 9940.71.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Hindustan Lever was trading at Rs 194.80 down 0.49%, Reliance was trading at Rs 2,681.00 down 1.17%, Infosys was trading at Rs 1,881.00 down 1.43%, ITC was trading at Rs 174.55 down 0.46% and HPCL was trading at Rs 248.00 up 3.7%.
Mkts turn volatile; Auto, oil & gas stocks weak
The markets are trading weak amid volatility. It lost further ground on account of some more selling seen in the oil & gas, auto and FMCG stocks. However, realty, metal and capital good stocks are still holding up firmly.
The markets breadth was positive with nearly 750 stocks on the advancing side and about 325 stocks on the decline side on NSE. Rupee was quoting at 39.34 against US dollar. BSE Midcap and the smallcap index have outperformed the sensex today.
At 11 am, the Sensex is down 99.38 points or 0.50% at 19876.85, and the Nifty down 3.95 points or 0.07% at 5928.45. About 1817 shares have advanced, 1139 shares declined, and 105 shares are unchanged.
Top gainers on the Nifty are PNB at Rs 565.10 up 4.32%, VSNL at Rs 528.50 up 3.57% and Reliance Petro at Rs 276.90 up 2.71%.
Top losers on the Nifty are ONGC at Rs 1,321.90 down 3.25%, ICICI Bank at Rs 1,297.95 down 2.66% and HDFC Bank at Rs 1,733.90 down 2.07%.
Most active shares on NSE are Reliance Natural at Rs 162.35 with 39,250,804 shares, Reliance Petroleum at Rs 277.20 with 17,924,002 shares and Reliance Inds at Rs 2,692 with 632,559 shares.
Mkts open with modest cut; Bharti, Tata Motors down
The markets opened on a quiet note in line with its Asian peers. Sensexn and Nifty both opened with modest cut today. At 9:56 am, Sensex was down 16 points at 19,959 and Nifty was down 9 points at 5923. Major gainers in the early trade were Rel Comm, Rel Petroleum, SBI, RIL, L&T. However, ONGC, Bharti, HDFC Bank, Tata Motors, Bajaj Auto and ITC were trading with modest cut.
Asian markets mostly declined today. Hong Kong's Hang Seng fell 0.69% or 209.94 points at 30,258.40, Japan's Nikkei plunged 0.94% or 154.84 points at 16,362.64, Taiwan's Taiwan Weighted declined 0.92% or 84.88 points at 9,188.21, Singapore's Straits Times was down 0.40% or 14.81 points at 3,700.51 and South Korea's Seoul Composite tumbled 0.33% or 6.72 points at 2,012.62.
The markets have lost further ground and continue to trade in deep red tracking its Asian peers. Selling pressure is seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
At 14.10 hrs IST, the Sensex is down 352.57 points or 1.76% at 19623.66, and the Nifty down 74.05 points or 1.25% at 5858.35.
About 1627 shares have advanced, 1342 shares declined, and 92 shares are unchanged.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1% and smallcap index is up 1.4%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, Cipla, SBI, NTPC, Tata Power, PNB and HPCL .
Noida Toll Bridge, Jaiprakash Hydro, RNRL, HMT are among the other gainers from broader markets.
Top losers on the indices are ONGC & ICICI Bank down over 4% each, HDFC Bank down 3%, Infosys and GlaxoSmithKline.
Markets slip: Auto, bank, oil & gas, IT stocks down
The markets are trading weak on account of selling pressure seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
At 1:09 hrs IST, the Sensex is down 231.75 points or 1.16% at 19744.48, and the Nifty down 45.10 points or 0.76% at 5887.30.
About 1792 shares have advanced, 1189 shares declined, and 80 shares are unchanged.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1.7% and smallcap index is up 2%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, SBI, NTPC, Tata Power PNB and HPCL .
Top losers on the indices are ONGC, ICICI Bank, HDFC Bank, Infosys and GlaxoSmithKline.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Markets quiet; realty, metal index firm
The markets are trading very quiet. IT, auto and FMCG stocks are under pressure, however realty and metal index are trading firm with over 1% gains.
Rupee was trading at 39.32 against US dollar. Market breadth was positive on NSE with nearly 800 stocks on the advancing side and about 350 stocks on the decline side.
At 11.28 am, the Sensex is down 59.39 points or 0.30% at 19916.84, and the Nifty up 14.70 points or 0.25% at 5947.10. About 1790 shares have advanced, 1176 shares declined, and 95 shares are unchanged.
Top gainers on the Nifty are Tata Power at Rs 1,375 up 5.42%, PNB at Rs 570.05 up 5.23% and HPCL at Rs 248 up 3.64%. BSE Realty and Metal index was up over 1%.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Top losers on the Nifty are ONGC at Rs 1,337 down 2.14%, Infosys at Rs 1,880 down 1.94% and GlaxoSmithKline at Rs 1,037 down 1.92%.
BSE midcap and smallcap have been outperforming the Sensex. BSE midcap was up 1.52% at 8143.25 and smallcap was up 2.04% at 9940.71.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Hindustan Lever was trading at Rs 194.80 down 0.49%, Reliance was trading at Rs 2,681.00 down 1.17%, Infosys was trading at Rs 1,881.00 down 1.43%, ITC was trading at Rs 174.55 down 0.46% and HPCL was trading at Rs 248.00 up 3.7%.
Mkts turn volatile; Auto, oil & gas stocks weak
The markets are trading weak amid volatility. It lost further ground on account of some more selling seen in the oil & gas, auto and FMCG stocks. However, realty, metal and capital good stocks are still holding up firmly.
The markets breadth was positive with nearly 750 stocks on the advancing side and about 325 stocks on the decline side on NSE. Rupee was quoting at 39.34 against US dollar. BSE Midcap and the smallcap index have outperformed the sensex today.
At 11 am, the Sensex is down 99.38 points or 0.50% at 19876.85, and the Nifty down 3.95 points or 0.07% at 5928.45. About 1817 shares have advanced, 1139 shares declined, and 105 shares are unchanged.
Top gainers on the Nifty are PNB at Rs 565.10 up 4.32%, VSNL at Rs 528.50 up 3.57% and Reliance Petro at Rs 276.90 up 2.71%.
Top losers on the Nifty are ONGC at Rs 1,321.90 down 3.25%, ICICI Bank at Rs 1,297.95 down 2.66% and HDFC Bank at Rs 1,733.90 down 2.07%.
Most active shares on NSE are Reliance Natural at Rs 162.35 with 39,250,804 shares, Reliance Petroleum at Rs 277.20 with 17,924,002 shares and Reliance Inds at Rs 2,692 with 632,559 shares.
Mkts open with modest cut; Bharti, Tata Motors down
The markets opened on a quiet note in line with its Asian peers. Sensexn and Nifty both opened with modest cut today. At 9:56 am, Sensex was down 16 points at 19,959 and Nifty was down 9 points at 5923. Major gainers in the early trade were Rel Comm, Rel Petroleum, SBI, RIL, L&T. However, ONGC, Bharti, HDFC Bank, Tata Motors, Bajaj Auto and ITC were trading with modest cut.
Asian markets mostly declined today. Hong Kong's Hang Seng fell 0.69% or 209.94 points at 30,258.40, Japan's Nikkei plunged 0.94% or 154.84 points at 16,362.64, Taiwan's Taiwan Weighted declined 0.92% or 84.88 points at 9,188.21, Singapore's Straits Times was down 0.40% or 14.81 points at 3,700.51 and South Korea's Seoul Composite tumbled 0.33% or 6.72 points at 2,012.62.
IDBI has a strong pattern on the charts, says MB Singh, technical analyst, on Zee Business. It is currently trading close to its all-time highs, and once it breaks these levels, then it can easily move up another 20-30%, he says. The stock is currently trading at Rs 161.15, up 1.4% on the BSE.
Unitech has the potential to go to Rs 460-500 levels, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 383, up 1.6% on the BSE.
If Nagarjuna Fertilisers crosses Rs 65, the it can go to Rs 68-69 easily, says Vijay Bhambwani, technical analyst, on CNBC-TV18. And on the downside, unless it does not fall below Rs 48, there is no need for a momentum trader to worry, he adds.
Unitech has the potential to go to Rs 460-500 levels, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 383, up 1.6% on the BSE.
If Nagarjuna Fertilisers crosses Rs 65, the it can go to Rs 68-69 easily, says Vijay Bhambwani, technical analyst, on CNBC-TV18. And on the downside, unless it does not fall below Rs 48, there is no need for a momentum trader to worry, he adds.
It is a quiet start for the market on Monday. The Nifty started opened on the lower side, whereas the Sensex on the upper. The BSE 30-share index is currently trading at 19,917, down 58 points and the Nifty is at 5906, down 25 points from the previous close.
If the Nifty falls below 5850, then it can go down to 5770, says a technical analyst, on Zee Business.
The market has some more upside left, but it is close to its near-term top, which might be attained in the next 2-3 days, says Deepak Jasani of HDFC Securities, on CNBC Awaaz. He therefore suggests booking profits now.
If the Nifty falls below 5850, then it can go down to 5770, says a technical analyst, on Zee Business.
The market has some more upside left, but it is close to its near-term top, which might be attained in the next 2-3 days, says Deepak Jasani of HDFC Securities, on CNBC Awaaz. He therefore suggests booking profits now.
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