Stock Markets

World Market Review and Indian Stock Market Analysis By Nirmal Bang

Asian stocks rose for the first time in four days, led by companies reliant on overseas sales, after U. S. service industries returned to growth following 11 months of contraction and commodity prices gained.

World Market Review By Nirmal Bang Securities

Indian markets fall as investors booked profit after a strong gain which pushed the Sensex below 17K and Nifty ends near 5K. Realty, telecom and metal stocks were the worst hit in today's session. The Sensex ended at 16,866 down 268 points. Nifty finished at 5,003 down 80 points after hitting a day's low of 4,991. Among the broader indices, the BSE Midcap Index fell 1.7% and Smallcap Index down 2.1%. All the sectoral indices were in the red barring FMCG. The market breadth was extremely discouraging. The Oct Nifty future ended with 9 points premium.

Nifty Has Resistance At 5,150: Nirmal Bang Research

The Sensex ended at 17,134 up 7 points after trading in the band of 17,195?17,059 and Nifty ended flat to close at 5,083 after trading in a narrow range of 5,099?5,057. Buying was seen in select IT, metals and banking stocks while auto, oil & gas and healthcare counters remained under pressure. The market breadth was mixed and the total turnover was Rs 81,006 cr. The Oct Nifty future ended with 13 points discount. For the week the benchmark index ended 2.5 % higher.

World Market Review and Indian Stock Market Analysis By Nirmal Bang Securities

Asian stocks fell for a third day, led by technology and mining companies, after economist Nouriel Roubini said share prices may drop and a report showed the U. S. lost more jobs than estimated. Crude oil slid 1.2% on Oct. 2, the most in a week. A gauge of six metals, including copper and nickel, fell 2% in London, adding to the previous day's 2.8% drop.

New York University Professor Nouriel Roubini, who predicted the financial crisis, said stock and commodity markets may drop in coming months as the gradual pace of the economic recovery disappoints investors.

Sensex Surges 441.55 Pts During The Week

Indian equities closed on a cheerful note after recording a gain of 441.55 points during the week.

The 30 share index, Sensex hit the 17K mark for the first time since May 21, 2008 on the back of continued buying by foreign funds in frontliners on hope of strong quarterly results amid mixed worldwide signals.

The index zoomed 441.55 points (2.65%) to 17,134 during the week ended Oct 01, 2009, whereas the broad based NSE Nifty surged 124.45 points (2.51%) to 5,083.40 during the same period.

Nifty Has Resistance At 5,150: Nirmal Bang Research

Strong fund based buying helped the Sensex closed above the 17,000 mark for the first time since May 21, 2008. The benchmark index advanced 274 points to close at 17,127 and the Nifty gained 77 points to end at 5,084 after it touched an intraday high of 5,087 and a low of 5,004. Huge buying in banking, auto, metals and cap goods stocks led the markets higher. The market breadth was positive throughout the session and the total turnover was at Rs 82,231 cr.

World Market Review and Indian Stock Market Analysis By Nirmal Bang Securities

Asian stocks fell, led by companies reliant on exports, after an unexpected drop in Chicago business activity raised concern the U. S. economic recovery will falter.

World Market Review By Nirmal Bang Securities

Strong fund based buying helped the Sensex closed above the 17,000 mark for the first time since May 21, 2008. The benchmark index advanced 274 points to close at 17,127 and the Nifty gained 77 points to end at 5,084 after it touched an intraday high of 5,087 and a low of 5,004. Huge buying in banking, auto, metals and cap goods stocks led the markets higher. The market breadth was positive throughout the session and the total turnover was at Rs 82,231 cr.

World Market Review By Nirmal Bang Securities

U. S. stocks declined as technology shares retreated from a one? year high and energy producers dropped as a stronger dollar dragged down oil, overshadowing the biggest gain in home prices in four years. Technology shares in the S&P 500 fell 0.7 percent after closing yesterday at the highest level since September 2008. The group is still the best? performing industry in 2009, having surged 45 percent. The S&P 500 Energy Index slumped 0.6 percent as the U. S. currency gained. Exxon, the biggest U. S. oil producer, lost 0.8 percent to $69.07.

Market Participants To Play Carefully: Nirmal Bang

The Nifty managed to close above the 5K mark as huge buying continued to see in pharma, IT and oil & gas stocks which kept the market momentum going. The Sensex closed up 160 points at 16,853 after trading in the narrow range of 16,907 - 16,802. The Nifty shut at 5,007 up 48 points or 0.97%. Among the broader indices, midcap and smallcap were also up 1% each. The breadth remained strong for the entire session but the market total turnover were lower at 65,365 cr. The Oct Nifty future ended with 10 points discount.