SHREE GANESHAY NAMAAH !

Dull show : Sensex ends 81 pts higher; G-20 meet eyed

U.S. stock futures gain on jobs report

U.S. economy gains 80,000 jobs in October, Unemployment rate falls to 9.0% from 9.1%

The 30-share BSE Sensex trimmed its gains in the last couple of hours of trade and closed Friday's session with moderate gains amid choppy trade. Huge volatility was also seen in the European markets ahead of conclusive decision from the G-20 meet today. The 30-share BSE Sensex rose 80.68 points, to close at 17,562.61 and the 50-share NSENifty moved up just 18.45 points, to end at 5284.20.

Market was strong in morning trade—the Sensex had traded with 150-200 points gains on global rally post the bailout deal referendum cancelled by Greece. This rally was also supported by European Central Bank cutting lending rate by 25 bps to 1.25% for the first time in two years yesterday. But the market could not sustain those gains in the second half of trade due to volatility in Europe, especially ahead of G-20 meet. Investors too were worried about the financial and political stability in the eurozone.

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 5221.15
Close: 5316.85
Avg. : 5295.48

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5316.85
Avg. : 5598.84

NIFTY FUTURE 

R5 : 5436
R4 : 5398
R3 : 5368
R2 : 5357
R1 : 5338

CMP: 5316.85

S1 : 5287
S2 : 5258
S3 : 5232
S4 : 5221
S5 : 5175

Market Updates : 

Havells India leads gainers in 'A' group

JSW Steel, Voltas, Sun TV Network and Shree Cement are among the other gainers.

Havells India jumped 8.41% to Rs 417.60. The stock top gainers in BSE's 'A' group. Thecompany recently reported second quarter results. Net profit rose 19.9% to Rs 70.24 crore on 28.6% growth in net sales to Rs 850.39 crore in Q2 September 2011 over Q2 September 2010.

JSW Steel jumped 6.5% to Rs 711.25. The stock was the second biggest gainer in BSE's A group. The company announces its consolidated Q2 results on 14 November 2011.

Tata Group Voltas jumped 5.4% to Rs 105.45. The stock was the third biggest gainer in BSE's A group. The company announces its Q2 results on 9 November 2011.

Sun TV Network rose 5.29% to Rs 287.80 as net profit rose 7.6% to Rs 180.12 crore on 6.2% growth in net sales to Rs 451.26 crore in Q2 September 2011 over Q2 September 2010. The stock was the fourth biggest gainer in BSE's A group. The company announced the secondquarter results after trading hours on Thursday, 3 November 2011.

Sun TV Network said that its latest channel, Kochu TV launched on 16 October 2011 in the kids genre of Malayalam language has received an overwhelming response in the state of Kerala. Sun TV Network said its board has declared an interim dividend of Rs 3.75 per share (75%) on a face value of Rs 5 per share.

Shree Cement rose 5.19% to Rs 2000 in a broad-based rally in cement shares triggered by expectations of pick-up in post-monsoon cement demand. The stock was the fifth biggest gainer in BSE's A group

Metal, cement stocks advance

Market drifts higher as Greece shelves plans for referendum

THE WEEK THAT WAS

Market corrects amid global volatility

The market corrected last week as the initial euphoria surrounding recent plan to contain the euro-zone debt crisis faded after Greek prime minister called a referendum on the bailout deal, risking a new euro-zone crisis. In Asia, data showed China's factory activity slowed to a near three-year low.

Situation, however, eased on Friday, 4 November 2011, after Greece shelved plans for a financial-bailout referendum. While a surprise interest-rate cut from the European Central Bank (ECB) also consoled investors.

The BSE Sensex fell 242.19 points or 1.36% to 17,562.61 in the week ended Friday, 4 November 2011. The 50-share S&P CNX Nifty fell 76.50 points or 1.42% to 5,284.20.

The BSE Mid-Cap index inched up 0.37% while the BSE Small-Cap index was almost flat with loss of just 0.02%. Both these indices outperformed the Sensex.

Foreign institutional investors (FIIs) stepped up buying in Indian equities. FII inflow incalendar 2011 totaled Rs 2172.60 crore while the inflow in November 2011 totaled Rs 786.90 (till 3 November 2011).

European Union members, on 27 October 2011, had agreed in a Summit to raise the euro-zone bailout fund to about Euro 1 trillion and also to recapitalize banks. The European Union struck a deal with private lenders to accept a 50% on their Greek bonds.

However, Greek Prime Minister George Papandreou late Monday (31 October 2011) unexpectedly called for a referendum on the bailout plan in the face of growing public anger over further austerity measures and a deepening recession.

Note : Data From Capital Market And Money Control !

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