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.
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