market watch

[onlinesharetraders]

 7th Jan Thursday the Nifty extended losses and touched the 5250 level, amid volatility. Selling in technology, auto, capital goods, realty, select banking and pharma stocks was putting pressure on the markets. The benchmark Sensex snapped a four-day winning streak led by profit booking in banking & financial, capital goods, technology, auto, pharma and realty stocks. Weak global cues also weighed on the markets. 8th Jan Friday the Sensex bounced back with marginal gains on the back of buying in power, capital goods, pharma, auto, realty and telecom stocks. The Nifty was hovering around its previous closing value. The Sensex was trading in a narrow range of 17,580-17,650, it looked like a tussle between bulls and bears.

[onlinesharetraders]

11 th Jan the Nifty wiped out early gains due to selling in Reliance Industries, BHEL, Cairn, SBI, ICICI Bank, HDFC Bank, Hindalco, Tata Motors. The benchmark Sensex closed the session on a flat note and shrugged off positive global cues. Selling in heavyweights like Reliance Industries, BHEL. 12 th Jan the Sensex continued its consolidation in today's trade as well. Selling in banking, FMCG, metal, realty, power, cement and select...the Nifty slipped marginally in the red. The markets seemed to have factored in positive news from November IIP data.

[onlinesharetraders]

January 14, the Sensex started the day on a positive note following uptrend in global cues and continued its yesterday's late trade run up further. The Nifty continued to see upside on the back of buying in heavyweights. Jan 15, the Nifty was hovering around its previous closing value, as traders looked cautious after run-up for last two days. The Sensex was trading flat. Markets have failed to gain substantial momentum in either direction for almost 3 weeks now. The Sensex and the Nifty ended flat this week. The CNX IT Index was the top gainer among the sectoral indices, post better-than-expected third quarter.

[onlinesharetraders]

18 th January Nifty recovered early losses - this was led by banking and technology stocks. Buying in banking & financial, capital goods, auto and select power stocks along with Bharti Airtel was helping the Sensex to move up further. 19, Jan the Sensex started the day on a quiet note following mixed cues from Asian markets. Besides Sensex was trading marginally lower along with consistent volatility due to rough fight between bulls and bears. Profit booking was seen in technology, cement, realty, power & pharma. Nifty extended losses on the back of sell-off in power, realty, oil & gas, cement, select telecom and metal companies' shares.

[onlinesharetraders]

20 th, January The Sensex started the day on a positive note following good US cues and recovered Tuesday's losses.  21 th, Jan Sensex started the day on a flat to negative note following weak global cues post China asked some banks to control lending and housing data unexpectedly declined. Banking, realty, metal, select technology and power stocks were under pressure.The benchmark Sensex saw a crack of over 400 points and the Nifty closed below the 5,100 mark on the back of disappointing Q3FY10 numbers from the infrastructure major Larsen & Toubro.

[onlinesharetraders]

22nd, Friday the Nifty cracked further in opening trade and continued its yesterday's huge selling pressure for the second consecutive day, on the back of weak earnings as well as negative global cues. President Barack Obama's statement for banks, which proposed new limits on the size and trading practices of big banks pushed US markets down on Thursday. The Sensex showed some good recovery from the day's low, but was still trading below the 17,000 mark while the Nifty got back above the 5000 mark. 25th, Monday the Sensex made a meaningful recovery and turned back in the green. The pullback was led by capital goods, FMCG and power stocks. Realty, banks and metal stocks also regained some of the losses.

[onlinesharetraders]

28 th January, Thursday the Sensex recovered some of its Wednesday's losses on the back of buying across all the sectors. Positive Asian cues were also supporting the Indian indices.The Sensex was trading higher amid volatility on the F&O expiry day.The Nifty snapped a six-day losing streak and closed the January expiry session marginally higher.Today the benchmark Nifty slid further ahead of monetary policy and post Obama's comments on technology sector about outsourcing.The Nifty saw a significant recovery in the last couple of hours and closed marginally in the green.

[onlinesharetraders]

The Nifty closed the first session of February month on a flat note. Feb 2, Tuesday the Nifty witnessed huge selling pressure in the last couple of hours and closed the session below the 4850 level on the back of downtrend across all the sectors. Feb 3, Wednesday the benchmark Nifty saw a significant upmove and rallied over 100 points on the back of short covering, it had lost a bit of ground in the last few sessions. Positive global cues also helped the Sensex to close with over 300 points gains. Top two stock markets will have a special 90-minute trading session on Saturday, to enable the National Stock Exchange test an upgraded trading system. The trading in the cash and futures market will open at 11 a.m. and close at 12:30 p.m.

[onlinesharetraders]

 February 9, Tuesday the Nifty started the day on a flat-to-negative note following mixed cues of Asian markets. It was also witnessing volatility. Japan's Nikkei stock average edged down to a two-month closing low on Tuesday, with heightened concerns about the euro zone's sovereign debt woes continuing to eat away at investor confidence. 11, Wednesday the benchmark Nifty lost all of its Tuesday's gains in late trade sell-off while the Sensex shut shop below the 16000 mark. Weekend Nifty saw a huge buying interest today on the back of positive global cues and short covering.

[onlinesharetraders]

Monday Feb, 15 the Nifty opened marginally higher amid volatility. This move could be on the back of stronger index of industrial production (IIP) data. The benchmark Nifty was trading lower on the back of rise in inflation numbers. Tuesday the Sensex was trading in a narrow range due to lack of global cues. The US markets were shut on Monday and most of Asian markets were shut today. Only Nikkei and Kospi were trading. 17th Wednesday the Sensex rallied further with more than 200 points gains on the back of buying interest across all the sectors. Metal was the leading sector.

[onlinesharetraders]

Feb 18, Thursday the benchmark Nifty has retreated a bit after seeing rally in last two days. It was seeing some volatility as well.  Friday consistent selling across all sectors and weak Asian cues post Fed's unexpected move were weighing on the benchmark indices. 22, Monday European markets trading weak and this led to a sell-off in the markets.

[onlinesharetraders]

February 26, Friday Benchmark Nifty started the Budget day on a flat-to-positive note. Asian markets also looked mixed in trade. Infrastructure and oil & gas companies' shares witnessed buying interest ahead of some announcement from the Union Budget. Finance Minister has announced 4-pronged strategy for agriculture sector while says government will reduce fertiliser subsidy. The 30-share BSE Sensex cheered Union Budget 2010 unveiled by Finance Minister Pranab Mukherjee. Reduction in fiscal deficit, cut in surcharge, more increase in money for infrastructure development, increase in FY11 divestment target, increase in personal tax slab to Rs 8 lakh etc.  

[onlinesharetraders]

The markets are set to begin March in cheerful mood and will react to two days of global strength.The Nifty may test 5000 and may find resistance there.Budget was seen more positive than negative by brokerages. Budget was seen negative for real estate, oil & gas, ITC while positive for financials. It was neutral for Autos."The market is back on its bullish zone and you would see it trying to test its earlier highs, maybe as early as end of this month or maybe early next month."

[onlinesharetraders]

March second week Reliance was the top gainer as well as leader on Bse & Nse. Texmo pipes New listing was trading at Rs 131.65. Ntpc & Bharti were underperform, Tata motors was trading Rs 788.70 up 2.31%. In the market two types of stocks - midcap and smallcap. In largecaps buying was seen in oil & gas, fmcg etc then selling was seen in  metal, it and banks. Strong growth of Industrial Production numbers was not able to bring cheers to the markets.

[onlinesharetraders]

Previous week  further Nifty touched 5200 mark, market remain positive then there are a lot of traders and investors. Weak Asian cues as well as increase in inflation numbers were the reasons for these days sell-off. Asian markets were quiet supportive - Hang seng, Kospi, Shanghai, Nikkei etc. The sensex was trading at 17531, up 148 points and the Nifty was at 5245, up 47 points. India's second largest It exporter Infosys technoligies touched 52 week high of 2777.50. Telecom was the leading sector for the week- Idea and bharti airtel.