Strongly on the open market after the fall
International markets - the domestic markets gave mixed signals to start with. Sensex up 41 points, 17 433 and the Nifty gained 21 points to open in 5321. However, have slipped in early trade market.
Healthcare, auto, consumer durables, FMCG stocks is 0.7 to 0.25 per cent. Technical, IT, Oil & Gas and PSU stocks are strong.
Sun Pharma, Tata Power, Maruti Suzuki, Infosys, Cipla, Tata Motors, HDFC Bank, Bajaj Auto, ONGC, Bharti Airtel, HDFC went from 1.5 to 0.5 per cent.
Capital goods stocks are vulnerable to 1 per cent. Realty stocks fall 0.3 per cent. Power, banking and metal stocks have slipped.
BHEL, ICICI Bank, L & T, Sterlite Industries, SBI, DLF, Hero Motokorp, Wipro 1.5 to 0.5 per cent are poor.
Strength is 0.25 per cent in small and medium stocks. Midcap stocks WABCO India, Ruchi Soya, Hindustan National Glass, S. Mobility and Shree Cement are 3.5 to 2.5 per cent faster.
On Wednesday, the U.S. markets, pressure on companies to show disappointing results. Also, Spain's NPL rate of growth in the Eurozone increased anxiety. Dow Jones, S & P 500 and Nasdaq Composite fell 0.5 per cent.
Sensex Flat; Ambuja Cements,Acc Extend Rally Ahead Of Earnings
The BSE Sensex opened with modest gains but the markets witnessed selling pressure tracking Asian cues. At 9.20 am, it traded 5 points higher at 17,397 while the broader Nifty index was up 3 points at 5,303.
Spain said bad loans held by banks soared to a record high Wednesday, which hit global sentiments. The Dow Jones index declined 0.6% to 13,033 overnight.
A close above 5,300 levels on the Nifty would indicate some strength in a market that has been languishing in a narrow range for weeks now, analysts said.
"What the market is waiting for is numbers from TCS after the disappointing guidance from Infosys," Gaurang Shah of Geojit BNP Paribas Financial Service told NDTV Profit today.
ACC (1.5%) and Ambuja Cements (1.3%) extended gains and were the top Nifty gainers. The two cement firms will report their quarterly earnings later today.
22 stocks traded lower on the Nifty 50 index. Capital goods manufacturers BHEL (-1.7%) and L&T (-1.1%) were the top losers.
The market breadth was positive, with over 70% stocks rising on the broader BSE 500 index, indicating strength in broader markets.
"What the market is waiting for is numbers from TCS after the disappointing guidance from Infosys," Gaurang Shah of Geojit BNP Paribas Financial Service told NDTV Profit today.
ACC (1.5%) and Ambuja Cements (1.3%) extended gains and were the top Nifty gainers. The two cement firms will report their quarterly earnings later today.
22 stocks traded lower on the Nifty 50 index. Capital goods manufacturers BHEL (-1.7%) and L&T (-1.1%) were the top losers.
The market breadth was positive, with over 70% stocks rising on the broader BSE 500 index, indicating strength in broader markets.
STOCK MARKET REVIEW: 18TH APRIL 2012
BSE SENSEX and NIFTY started the session with positive mood but ended almost flat with gain of 0.19 percent and 0.15 percent respectively. Markets were dragged down as the Indian consumer inflation data presented on WEDNESDAY which rose by 9.47 percent in MARCH faster than previous month data of 8.83 percent. Auto stocks supported the market and helped to hold the gains as hopes of decline in car loan rates would boost the domestic auto sales. Auto major Bajaj-auto ended with the gain of 2.53 percent. Reality and banking stocks ended in red today.
Nifty Gainers
Today’s nifty top gainer were
ACC changed 3.45% with 5, 68,123 volumes
TATAPOWER changed 2.83% with 32, 61,788 volumes
HCLTECH changed 2.79% with 54, 81,904 volumes
Nifty Losers
Today’s nifty top losers were
RCOM with volume 94, 13,949 and changed -2.81%
DLF with volume 52, 17,378 and changed -2.46%
IDFC with volume 75, 63,054 and changed -1.79%
NIFTY OUTLOOK FOR 19th APRIL 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1 | 5280 |
SUPPORT 2 | 5260 |
RESISTANCE 1 | 5325 |
RESISTANCE 2 | 5360 |
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1 | 10430 |
SUPPORT 2 | 10370 |
RESISTANCE 1 | 10595 |
RESISTANCE 2 | 10700 |
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