Strongly on the open market, Sensex up 100 points
International markets due to strong signals, beginning with the domestic market are also fast. Sensex up 78 points on 17 277 5247 are open and the Nifty gained 20 points. The market gained momentum in early trading.
Metal, capital goods, power, bank, realty, consumer durables, PSU and auto stocks is 1.5 to 1 per cent. FMCG, oil & gas, technology, healthcare, IT stocks are strong from 0.5 to 0.25 per cent.
Tata Power, Hindalco, BHEL, Sterlite Industries, Reliance, Tata Steel, ICICI Bank, Maruti Suzuki, Jindal Steel, L & T, DLF, Tata Motors, Bharti Airtel, Hero Motokorp went 2-1 per cent.
Nifty stocks, Wipro, Sun Pharma, Dr Reddy's, HUL has seen 0.5 to 0.25 per cent.
Shopping trends in small and medium stocks. 1 per cent cap stocks and small stocks gained 0.75 per cent.
On Wednesday the economy better than expected earnings-related news and 0.75 percent in the U.S. markets was strongly U.S. Federal Reserve said the economy seems to grow lighter.
Asian markets ended the business is. Shanghai Composite, Straits Times, Hang Sang went close to 0.5. Nikkei and Singapore Nifty is also faster. However, Taiwan Cospi 1 per cent and 0.2 per cent each.
IIP growth is expected to be 6.9%
Akande on the market today will be the eye of the IIP. CNBC voice IIP in February estimated 6.9 per cent growth with modest gains may remain. IIP growth in January was 6.8 per cent the upper end of 7 months.
Analysts expect core sector has the potential to lead to better performance. Bank of Baroda in February, according to the IIP growth will be 6.1 percent. While Credit Suisse believes that this figure could be up to 7 per cent.
Fdifsi Bank in February, according to the IIP would be 5.1 per cent, while the rating agency, CARE believes that IIP in February will be between 6-7 per cent. While Nomura is expected to be 6.9 per cent of the IIP.
STOCK MARKET REVIEW: 11TH APRIL 2012
BSE Small-Cap index was down by 0.27% while the BSE Mid-Cap index finished 0.63% down.CNX MIDCAP 50 index was down 0.51% and S&P CNX 500 was down around 0.23%. The SENSEX closed 5 points up at 17,248 and the NIFTY stood at 5240, down by 4 points.
BSE SENSEX and NIFTY traded in a lower session initially but recovered in last hour of trading as Tsunami is expected unlikely to hit India, ended with the loss of 0.44 percent and 0.32 percent respectively. Afternoon session was hit 100 points down by SENSEX as 8.6 magnitude earthquake hits INDONESIA. The recovery was also well supported by positive openings of European Markets. However Tsunami warning issued in ANDHRA PRADESH and TAMILNADU dragged the markets down again near closing. India cements tanked down nearly 8% as it has large coal sourcing contracts in INDONESIA, and power stocks like LANCO INFRA, GVK POWER and JSW ENERGY also down by 2.5% as they too have mining in the same country.
Nifty Gainers
Today’s nifty top gainer were
KOTAKBANK changed 2.57% with 6, 64,884 volumes
SUNPHARMA changed 1.99% with 4, 88,884 volumes
INFOSYS changed 1.89% with 10, 22,425 volumes
Nifty Losers
Today’s nifty top losers were
ACC with volume 6, 96,521 and changed -4.47%
AMBUJACEM with volume 31, 01,402 and changed -3.87%
RELINFRA with volume 31, 88,298 and changed -3.60%
NIFTY OUTLOOK FOR 12th APRIL 2012
NIFTY SPOT LEVEL
TREND – BEARISH
| SUPPORT 1 | 5200 |
| SUPPORT 2 | 5160 |
| RESISTANCE 1 | 5270 |
| RESISTANCE 2 | 5300 |
BANK NIFTY FUTURES
TREND- BEARISH
| SUPPORT 1 | 10100 |
| SUPPORT 2 | 9950 |
| RESISTANCE 1 | 10350 |
| RESISTANCE 2 | 10450 |
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