SHREE GANESHAY NAMAAH !

Experts see no Santa Claus rally : says 4500 a possibility

RBI likely to hold rates if rupee fall has muted impact

Unless global news settles, liquidity to flow out

Sept-qtr GDP growth seen slowest in over 2 years

Despite the poor start we had to the day, Indian equities recovered towards the end of trade on the back of short covering before the expiry of the November series. A positive Europe opening also helped us bounce back above the 4700 mark on theNifty, to close with gains of over 1%. The Sensexrose over 150 points to close at 15,848.49 and the Nifty gained 50 points to close at 4756.45.

The question on everyone’s mind now is which direction the market will go moving into the last month of the calendar year. Due to the gloomy scenario world over, experts do not have a positive outlook.

Seems It Was Expiry Rebound. If Sustain the levels of 4700, Wil C Nifty Around 4900 / 4950 !

Month Stats :
Open : 5321.60
High : 5353.95
Low : 4632.25
Close: 4755.00
Avg. : 5015.70

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4632.25
Close: 4755.00
Avg. : 5436.44

NIFTY FUTURE 

R5 : 4896
R4 : 4848
R3 : 4816
R2 : 4798
R1 : 4765

CMP: 4755

S1 : 4720
S2 : 4692
S3 : 4667
S4 : 4630
S5 : 4605

Market Updates : 

IFCI leads gainers in 'A' group

Pantaloon Retail (India), Indiabulls Financial Services, Opto Circuits India and Sun TV Network are among the other gainers.

IFCI, which provides medium and long-term credit to industries in India, spurted 12.82% to Rs 24.20. The stock topped the gainers in the BSE's 'A' group. Earlier this week, some media reports suggested that the government plans to bring IFCI under its direct control by converting its loans into equity. Post conversion the government reportedly may hold 23% in the company.

Organized retailer Pantaloon Retail (India) galloped 12.26% to Rs 200.60 as the Cabinet is slated to consider a proposal to allow 51% foreign direct investment in multi-brand retail today, 24 November 2011. The stock was second biggest gainer in 'A' group.

Indiabulls Financial Services jumped 10.16% to Rs 132.30 on bargain hunting after the stock slumped 24.91% in the preceding 13 sessions to Rs 120.10 on 23 November 2011, from a recent high of Rs 159.95 on 2 November 2011. The stock was third biggest gainer in 'A' group.

Healthcare equipment maker Opto Circuits India climbed 9.97% to Rs 219.45 on bargain hunting after the stock fell 12.78% in the preceding five sessions to Rs 199.55 on 23 November 2011, from a recent high of Rs 228.80 on 16 November 2011. The stock was fourth biggest gainer in 'A' group.

Media company Sun TV Network rose 8.43% to Rs 270.20, extending Wednesday's 1.07% gain triggered by bargain hunting after the stock tumbled 13.88% in the preceding six sessions to Rs 246.55 on 22 November 2011, from a recent high of Rs 286.30 on 14 November 2011. The stock was fifth biggest gainer in 'A' group.

Auto shares lead recovery

Nifty rebounds from 2-year low; market breadth turns positive

As per provisional closing, the BSE Sensex was up 169.82 points or 1.08% to 15,869.79. The Sensex lost 220 points at the day's low of 15,479.97 in early afternoon trade. The index gained 201.33 points at the day's high of 15,901.30 in late trade.

The S&P CNX Nifty was up 50.05 points or 1.06% to 4,756.50. The Nifty hit a low of 4,639.10 in intraday trade, its lowest level since 5 November 2009. The Nifty hit a high of 4,771.10 inintraday trade.

The market breadth, indicating the overall health of the market, turned positive from negative in late trade. On BSE, 1,521 shares advanced and 1,310 shares declined. A total of 112 shares were unchanged.

The total turnover on BSE amounted to Rs 2005 crore, lower than Rs 2011.32 crore clocked on Wednesday.

Among the 30-member Sensex pack, 24 gained while the rest slipped.

Note : Data From Capital Market And Money Control !

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