Finalaya daily wrap_03dec2012
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- Indian markets opened marginally up but dipped into negative territory due to profit booking and could not gain from marginally positive European markets. Key indices closed in the red. - Select stocks like M&M, Mphasis and NALCO closed higher supported by their monthly sales or project win news, while Network18 and Tata Motors declined on divestment and sales reports respectively. - The BSE Sensex and Nifty 50 ended lower by 0.18% and 0.15% respectively, though mid and small cap indices closed in the positive territory.
Finalaya daily wrap_03dec2012
- 1. Markets end marginally down Market Summary 03-Dec-2012 After opening in green markets dipped on profit booking. It continued to trade in red mark for rest of the day. European markets opened marginally up but could not influence Indian indices to move in positive terrain. Markets closed in red. Mahindra & Mahindra hits lifetime high at Rs. 964.45 and closed 1.15% up on BSE after it witnessed 18% rise in November sales YoY. Network18 closed down by 1.95% on BSE after the reports to divest entire stake in Newswire18. (News) Tata Motors dipped 0.80% on close after it registered 13% drop in November sales. (News) Mphasis jumped 3.22% on BSE on the news of acquiring Digital Risk LLC for $175 Million. (News) NALCO raises aluminium prices by Rs 4,500 and the stock closed up by 5.07% on BSE. (News) Thermax hit a fresh 52 week high at Rs 639.92 and surged 2.64% on BSE after winning Rs. 503 crore EPC (engineering, procurement and construction) order from the state-owned company. The market breadth on the BSE closed in positive. Advancing and declining stocks were 1669 and 1269 respectively, while 115 scrips remained unmoved. The BSE Sensex ended at 19305.32, down 34.58 points or 0.18%. The 30 share index touched a high and a low of 19416.45 and 19257.30 respectively. 13 stocks advanced against 17 declining ones on the benchmark index. The S&P CNX Nifty lost 8.90 points or 0.15% to settle at 5870.95. The index touched high and low of 5899.15 and 5854.60 respectively. 25 stocks advanced against 25 declining ones on the index. Sensex Nifty The BSE Mid-cap index moved up to 6985.48 and gained 1.21% while Small-cap index jumped up by 0.86% to 7338.13. The broader BSE 500 index increased to 7489.49 (up 0.23%) and S&P CNX 500 index rose to 4685.05 (up 0.21%). The volatility as denoted by INDIA VIX gained 3.10% at 15.62 from its previous close of 15.15 on Friday. Sectors in action On the BSE Sectorial front, Real Estate (up 1.35%), Metals (up 0.80%) and Power (up 0.65%) were the top gainers. Banks (down 0.40%) and FMCG (down 0.34%) were the top losers. The Angels and the Devils Bharat Heavy Electricals Ltd (up 1.59%), State Bank of India (up 1.53%), Tata Steel Ltd (up 1.36%), Reliance Industries Ltd (up 1.23%) and Mahindra and Mahindra Ltd (up 1.15%) were the top gainers on the Sensex. HDFC Bank (down 2.37%), Bharti Airtel Ltd (down 1.76%), GAIL (India) Ltd (down 1.06%), NTPC Ltd (down 0.89%) and Oil and Natural Gas Corporation Ltd (down 0.89%) were the top losers on the Sensex. Benchmark Drivers HDFC Bank (-37.43 points), Reliance Industries Ltd (20.80 points), ITC Ltd (-13.74 points), State Bank of India (11.95 points) and Housing Development Finance Corporation Ltd (-10.09 points) were the major Sensex drivers today. On the other end HDFC Bank (-9.64 points), Reliance Industries Ltd (5.51 points), ITC Ltd (-3.88 points), Housing Development Finance Corporation Ltd (-3.20 points) and State Bank of India (3.06 points) were the major Nifty movers today. Pivot, Supports and Resistance Levels
- 2. S&P CNX Nifty is now pivoted at 5875 for next session. The next support is at 5851 and on upside it has a resistance at 5895 levels. S&P CNX Nifty Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close 04-Dec-2012 5806 5830 5851 5875 5895 5919 5940 - 03-Dec-2012 5786 5807 5843 5864 5901 5922 5958 5870.95 30-Nov-2012 5666 5701 5763 5798 5860 5896 5958 5879.85 Sensex has a pivot at 19326 with first level of support and resistance at 19236 and 19395 respectively. Sensex Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close 04-Dec-2012 19077 19167 19236 19326 19395 19486 19555 - 03-Dec-2012 19040 19113 19227 19300 19413 19486 19599 19305.32 30-Nov-2012 18630 18752 18961 19083 19293 19415 19625 19339.90 Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.