Nifty May Bounce Back Today If Spot Closes Below 5328.70, We May C Further Downside Fall To 5262--5232--5178 !.

Short Term Calls : Future Calls 

Nifty Future If Closes Below 5221 Then Wil Be Free Fall For Market With A Tgt Of 5150--5108--4975 !.

Mundraport Looks Good Buy With SL 132, Tgt 145--149--153--159 Or More CMP 138.85 FO !

Market Updates : 

Hindustan Copper leads gainers in 'A' group

Sensex tumbles 6.24% in eight days; FIIs step up selling

Concerns about corporate earnings growth, high food inflation and data showing stepping up selling by foreign institutional investors spooked the market with the barometer indexBSE Sensex and the 50-unit S&P CNX Nifty hitting 6-week lows. Reports of weak monsoon rains recently also weighed on the sentiment as Indian shares extended losses for the third straight day. The Sensex fell below the psychological 18,000 mark, after regaining that level earlier in the day. The BSE Sensex plunged 247.37 points or 1.38%, off close to 350 points from the day's high and up close to 30 points from the day's low. The market breadth turned negative from positive breadth earlier in the day.

Auto shares, ITC hit by speculation of a likely hike in excise duty

August (2011) : 
Open : 5544.45
High : 5557.10
Low : 5325.25
Close: 5337.20
Avg. : 5441.00

Yearly (2011) : 
Open : 6202.10
High : 6209.90
Low : 5175.10
Close: 5337.20
Avg. : 5731.08

NIFTY FUTURE 

R5 : 5418
R4 : 5398
R3 : 5380
R2 : 5362
R1 : 5348

CMP: 5337.20

S1 : 5318
S2 : 5300
S3 : 5285
S4 : 5265
S5 : 5248

Among the 30-share Sensex pack, 28 declined while only two of them managed gains. Larsen & Toubro (down 0.73%), Cipla (down 2.26%), and DLF (down 2%), edged lower from the Sensex pack.

India's largest cigarette maker by sales ITC dropped 3.27% on reports the government is considering a hike in excise duty on tobacco products. The excise duty rates on cigarettes currently varies depending on the length of the cigarette.

India's second largest software services exporter Infosys fell 0.81%. During market hours today, Bank Chinatrust Indonesia and Infosys announced the successful implementation of Infosys' core banking solution Finacle.

India's second largest private sector bank by net profit HDFC Bank slipped 1.08% and India's largest private sector bank by market capitalisation ICICI Bank fell 1.11%. India'slargest commercial bank by branch network State Bank of India (SBI) declined 1.07%.

India's largest mortgage finance lender by total income Housing Development Finance Company (HDFC) fell 0.68% in volatile trade. HDFC has revised its retail prime lending rate (RPLR) by 50 basis points (bps) on its loans with effect from 1 August 2011. HDFC said the hike in lending rates is in line with interest rates in the economy, which have hardened due to increase in the policy rates by 75 bps since June 2011.

India's largest listed cellular services provider by sales Bharti Airtel shed 0.87%, extending Wednesday's over 1% decline triggered by a surprise fall in first quarter net profit on sequential basis reported by the firm during market hours on that day. Bharti's consolidated net profit as per International Financial Reporting Standards (IFRS) fell 13.2% to Rs 1215.20 crore on 4.18% growth in total revenue to Rs 16974.90 crore in Q1 June 2011 over Q4 March 2011

Most Asian stocks fell on Thursday, 4 August 2011, extending their recent losses triggered by worries about a slowdown in the global economy. Many of the regional markets reversed the gains they made earlier after a positive finish on Wall Street on Wednesday, 3 August 2011. The key benchmark indices in South Korea, Singapore, Indonesia Hong Kong and Taiwan fell by between 0.49% to 2.31%. Mainland Chinese shares rose. The Shanghai Composite index was up 0.21%

Japanese stocks rose with exporters getting a lift as Japan intervened in the foreign-exchange market to stem the yen's recent rise. The Nikkei 225 average was up 0.23%.

The Bank of Japan announced additional monetary easing Thursday, while keeping its policy interest-rate target range unchanged at 0 to 0.1%.

Trading in US index futures indicated that the Dow could fall 49 points at the opening bell on Thursday, 4 August 2011. Dow futures reversed steep initial gains.

US stocks rose on Wednesday on speculation that the Federal Reserve might consider a new stimulus programme to boost the sagging economy. The Dow Jones Industrial Average gained 29.82 points or 0.25% at 11,896.44. The S&P 500 rose 6.29 points or 0.50% at 1,260.34 and the Nasdaq advanced 23.83 points or 0.89% at 2,693.07.

The US government's key monthly jobs report for July 2011 is due on Friday, 5 August 2011, and will be closely watched by investors to gauge the health of the world's biggest economy.

Note : Data From Capital Market.com.

Note : Kindly Trade With Stoploss !