Stock Markets

World Market Review By Nirmal Bang Securities

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.

Sensex Rally; Sun Pharma, TCS, ICICI Bank In Demand

After a bright opening, the Sensex continued its positive run on the back of buying action witnessed across frontliners. The major gainers on the Sensex included IT, consumer durables and teck stocks.

BSE Midcap and Smallcap index gained 0.90% and 1.29% respectively.

Today (Sep 29), the 30-share index, BSE Sensex belled the day after gaining 136.11 points at 16,829.11.

World Market Review and Indian Stock Market Analysis by Nirmal Bang

Asian stocks rose, led by oil and technology companies, as some investors bet the MSCI Asia Pacific Index's drop to a two? week low was overdone.

Mirroring the shaky American financial situation, the credit quality of loans extended by various federally? supervised institutions deteriorated drastically this year, with the volume of doubtful assets and losses alone soaring to $110 billion. The credit quality of loan commitments worth over $20 million of all such entities, according to the Shared National Credit Review for 2009. A Shared National Credit

Market Trend Still Continues To Remain Up: Nirmal Bang Research

Weak global cues pushed the benchmark index to end lower at 16,693 down 88 points after trading in the range of 16,812 - 16,613. Nifty ended 27 points lower at 4,958. The breadth of the market was however positive as the BSE midcap and smallcap indices ended 0.65 % and 0.9 % higher. Among the sectors, the metal index slid over 2 %. Banking and IT indices were 1 % lower each. However, the healthcare index however soared over 5 %. For the week, the Sensex finished 0.3 % lower.

World Market Review By Nirmal Bang Securities

Weak global cues pushed the benchmark index to end lower at 16,693 down 88 points after trading in the range of 16,812 - 16,613. Nifty ended 27 points lower at 4,958. The breadth of the market was however positive as the BSE midcap and smallcap indices ended 0.65 % and 0.9 % higher. Among the sectors, the metal index slid over 2 %. Banking and IT indices were 1 % lower each. However, the healthcare index however soared over 5 %.

For the week, the Sensex finished 0.3 % lower.

Nifty Future Has Multiple Trend-Line Support At 4,835 - 4,770: Nirmal Bang

The Sensex erased earlier losses and ended higher on short-covering witnessed in the last hour of trade due to Sept expiry. The Sensex closed 62 points higher at 16,781, recovering from the day's low of 16,494. Buying was seen in banking, reality and select IT stocks while auto and metal stocks were under pressure. The breadth was mix and the markets closed with one of the highest turnover in 2009 at Rs 1,43,881 cr. on settlement day. The Oct Nifty future ended at 5,002 with 15 point premium. In the September series, the markets touched a new 2009 high of 16,943 and 5,036 respectively.

World Market Review and Indian Stock Market Analysis By Nirmal Bang

Asian stocks dropped, dragging the MSCI Asia Pacific Index to its biggest weekly decline in a month, after Nomura Holdings Inc. said it will sell new shares and sales of existing homes unexpectedly declined in the U. S.

World Market Review By Nirmal Bang Securities

The Federal Reserve will slow its purchases of mortgage securities, seeking to avoid disrupting the housing market as an economic recovery takes hold. "The Committee will gradually slow the pace of these purchases in order to promote a smooth transition in markets and anticipates that they will be executed by the end of the first quarter of 2010," the Federal Open Market Committee said in a statement today after meeting in Washington. The $1.45 trillion program was scheduled to cease by the end of this year.

Nifty’s first support exits at 4,930: Nirmal Bang

The benchmark index slipped in late trade as investors booked profits after five? day wining streak. The Sensex was down 167 points at
16,719 after trading flat for most of the day. The Nifty ended below 5K at 4,970 down 50 points. Selling pressure was seen across all the sectors with only the BSE oil & gas index trading in the green. The Nifty Oct future ended at 4,981 with 11 point premium.

World Market Review By Nirmal Bang Securities

The benchmark index slipped in late trade as investors booked profits after five-day wining streak. The Sensex was down 167 points at 16,719 after trading flat for most of the day. The Nifty ended below 5K at 4,970 down 50 points. Selling pressure was seen across all the sectors with only the BSE oil & gas index trading in the green. The Nifty Oct future ended at 4,981 with 11 point premium.

In the telecom space, Bharti Airtel lost 3.4%. Idea Cellular and Reliance Comm fell 1.7-3%.