Global market’s uptrend pushed the Indian stock market indices above the dotted lines in the morning session. Indian stock markets started the day on a positive note and continued to trade positive till the afternoon session. However, during the end they started moving lower and moved below the dotted line, to close in red. Profit booking ahead of third quarter earnings report is seen as the major factor behind such negative swing of the Indian stock market.
The benchmark BSE Sensex closed at 19666.59, down by 75.93 points. It opened at 19770. It had earlier touched a day's high of 19824 and a day's low of 19627. The NSE Nifty fell by 30.20 points to settle at 5971.50 at the close of today’s trade. It earlier touched a day’s high of 6,020 and a day’s low of 5958. It opened at 6,006.
Shares of RIL, Tata Power, ICICI Bank, Coal India, Tata Motors, SBI, Sun Pharma, Bharti Airtel, M&M, SBI, and Hindalco Inds are among gainers in Sensex and Nifty. While shares of Infosys, TCS, Wipro, Tata Steel, HDFC, Maruti Suzuki, Sun Pharma, ONGC, Bajaj Auto, Hero MotoCorp, ITC, Mahindra & Mahindra are among losers in Sensex and Nifty.
At the close, the BSE Midcap index declined 0.48%, while the BSE Smallcap index was down by 0.25%. Among the 13 sectoral indices, nine sectors closed in the red zone while remaining four sectors closed in the green zone. Top gainers are - BSE Auto up by 0.74%, BSE Oil&Gas up by 0.50% and BSE PSU surging by 0.17%. Top losers are - BSE FMCG down by 1.26%, BSE CD done by 1.21% and BSE Metal declining by 1.18%.
The market breadth stood in favor of declines. Of the 3101 stocks traded on the BSE, 1395 (44.99%) rose, 1575 (50.79%) fell and 131 (4.22%) stocks remained unchanged.
Asian markets were mostly positive today. Nikkei up by 0.67%, Hang Seng ended the day’s trading up by 0.46%; KOSPI was however down by 0.31%. European markets are trading higher. Even markets in US are trading much above yesterday’s close. Dow Jones is up by 0.53%, while NASDAQ is up by 0.46%.
In the home front, CRISIL Research predicted that India’s GDP will grow at a higher rate of 6.7% in 2013-14 in comparison to 5.5% estimated for the current fiscal due to a revival in consumption. All this will definitely push the Indian stock market higher tomorrow. Moreover, Railways minister’s announcement of hike in passenger fares across the board from January 21 will give positive signal to the market. Hopes of government’s announcement on diesel reforms soon will also give the market the much needed impetus to move higher
The benchmark BSE Sensex closed at 19666.59, down by 75.93 points. It opened at 19770. It had earlier touched a day's high of 19824 and a day's low of 19627. The NSE Nifty fell by 30.20 points to settle at 5971.50 at the close of today’s trade. It earlier touched a day’s high of 6,020 and a day’s low of 5958. It opened at 6,006.
Shares of RIL, Tata Power, ICICI Bank, Coal India, Tata Motors, SBI, Sun Pharma, Bharti Airtel, M&M, SBI, and Hindalco Inds are among gainers in Sensex and Nifty. While shares of Infosys, TCS, Wipro, Tata Steel, HDFC, Maruti Suzuki, Sun Pharma, ONGC, Bajaj Auto, Hero MotoCorp, ITC, Mahindra & Mahindra are among losers in Sensex and Nifty.
At the close, the BSE Midcap index declined 0.48%, while the BSE Smallcap index was down by 0.25%. Among the 13 sectoral indices, nine sectors closed in the red zone while remaining four sectors closed in the green zone. Top gainers are - BSE Auto up by 0.74%, BSE Oil&Gas up by 0.50% and BSE PSU surging by 0.17%. Top losers are - BSE FMCG down by 1.26%, BSE CD done by 1.21% and BSE Metal declining by 1.18%.
The market breadth stood in favor of declines. Of the 3101 stocks traded on the BSE, 1395 (44.99%) rose, 1575 (50.79%) fell and 131 (4.22%) stocks remained unchanged.
Tomorrow’s market outlook
Asian markets were mostly positive today. Nikkei up by 0.67%, Hang Seng ended the day’s trading up by 0.46%; KOSPI was however down by 0.31%. European markets are trading higher. Even markets in US are trading much above yesterday’s close. Dow Jones is up by 0.53%, while NASDAQ is up by 0.46%.
In the home front, CRISIL Research predicted that India’s GDP will grow at a higher rate of 6.7% in 2013-14 in comparison to 5.5% estimated for the current fiscal due to a revival in consumption. All this will definitely push the Indian stock market higher tomorrow. Moreover, Railways minister’s announcement of hike in passenger fares across the board from January 21 will give positive signal to the market. Hopes of government’s announcement on diesel reforms soon will also give the market the much needed impetus to move higher
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