Market Commentary:
* Asian stocks and U.S. equity-index futures climbed after Apple Inc.’s quarterly profit more than doubled and before the Federal Open Market Committee releases forecasts for its key interest rate. The yen weakened after Japan posted its first annual trade deficit in 31 years.
* Backhome, Rally witnessed in early deals at Dalal Street seems to be diminishing as benchmark indices have come off from their high point of day as traders are seen squaring off their positions on January series F&O expiry day. The fall in private banks, L&T and ONGC limited the upside.
* The market breadth, indicating the overall health of the market, was strong. The broader markets outperformed benchmarks - the BSE Midcap and Smallcap indices were up over 1%.
* The rupee was little changed in narrow-band trade as month-end dollar demand from oil importers offset positive local shares.
* From Intra-day perspective, Today's high 5160 might be stiff resistance while on the downside Nifty can fall upto 5075-90 level.
* INDICES: Sensex +74 at 17070 (0.43%), NIFTY +20 at 5148 (0.4%), CNXMIDCAP +62 at 7016 (0.89%)
* SECTORAL PERFORMANCE: BANKEX -0.04%, AUTO 0.72%, CAPITAL GOODS -0.2%, HEALTHCARE 0.47%, Metal 0.85%, OIL & GAS 0.84%, IT 1.07%, FMCG 0.29%, PSU 0.99%, REALTY 0.87%, Consumer Durables 0.84%, POWER 0.44%
* MARKET BREADTH: 383 Advances, 113 Declines (BSE 500)
* TODAY'S GAINERS: BPCL 3.06%, TTMT 2.52%, JPA 2.49%, SAIL 2.16%, STLT 2.07%
* TODAY'S LOSERS: JSP -2.46%, KMB -2.04%, SIEM -1.35%, ICICIBC -1.21%, LT -1.14%
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