Market Commentary:
* Asian stocks swung between gains and losses as rising oil and metal oil price pushed energy and mining shares higher, while the Japanese yen’s advance weighed on exporters.
* Backhome, Benchmark equity indices oscillating in a tight range are currently holding on to their dazzling gains. After adding up for four consecutive sessions, frontline indices pierced through the crucial psychological level briefly. Although widely followed 50 share index retreated from the 5200 level. The market saw profit booking led by sell-off in banking & financials, FMCG, auto (two-wheeler) and BHEL (lost 2% ahead of Q3 numbers), though it stayed in a positive terrain with moderate gains.
* The market breadth, indicating the overall health of the market, was strong.The broader indices were also trading neck to neck with benchmarks.
* The rupee touched a two-and-a-half month high on Friday, aided by firm local shares, as demand for riskier assets was spurred by hopes Greece will soon reach an agreement on restructuring its debt. The rupee was at 49.72/73 to the dollar.
* After seeing a Gap-Up opening, we expect Nifty to be in narrow range for the day. Nifty intra-day support remains at 5150 while resistance can be seen at 5210.
* INDICES: Sensex +81 at 17158 (0.47%), NIFTY +22 at 5181 (0.43%), CNXMIDCAP +29 at 7080 (0.41%)
* SECTORAL PERFORMANCE: BANKEX -1.01%, AUTO 0.82%, CAPITAL GOODS -0.28%, HEALTHCARE 0.35%, Metal 1.65%, OIL & GAS 2.11%, IT 1.64%, FMCG -0.5%, PSU 0.37%, REALTY -2.06%, Consumer Durables 2.39%, POWER -0.12%
* MARKET BREADTH: 317 Advances, 178 Declines (BSE 500)
* TODAY'S GAINERS: SESA 6.13%, SAIL 3.56%, TTMT 3.55%, STLT 3.47%, PWGR 3.12%
* TODAY'S LOSERS: RBXY -5.63%, BHEL -3.1%, DLFU -2.94%, BJAUT -2.29%, JPA -2.06%
No comments:
Post a Comment