SHREE GANESHAY NAMAAH !

Global cues hurt market: How long will the pain last ?

This week has been quite tumultuous for the market. Domestic as well as global factors dampened the sentiment in the truncated week, which started with a consolidation on Tuesday amid lingering uncertainty over eurozone. The Sensex saw a fall of over 200 points in late trade on Wednesday followed by more than 169 points fall on Friday.

The 50-share NSE Nifty lost 52.2 points, to end the week at 5,168.85. This technically confirms a breakdown, according to Sudarshan Sukhani of technicaltrends.com. However, he said, “It is quite possible that we may not have any follow through on Monday. In that case this was just a 20-point close which did not work out. So as we stand we have to wait till Monday to find out what actually the market wants.”

Jet Q2 net loss at Rs 714 cr on high fuel cost, weak rupee !

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 5161.30
Close: 5191.75
Avg. : 5249.24

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5191.75
Avg. : 5567.56

NIFTY FUTURE 

R5 : 5278
R4 : 5258
R3 : 5239
R2 : 5221
R1 : 5203

CMP: 5191.75

S1 : 5180
S2 : 5160
S3 : 5136
S4 : 5114
S5 : 5080

Market Updates : 

Tata Communications leads gainers in 'A' group

Glenmark Pharma, Manappuram Finance, Mahindra & Mahindra and Apollo Tyres are among the other gainers

Tata Communications jumped 4.65% to Rs 195.80 after the company reportedconsolidated net loss of Rs 165.20 crore in Q2 September 2011, lower than net loss of Rs 202.84 crore in Q2 September 2010. Tata Communications' consolidated net sales rose 13.9% to Rs 3373.61 crore in Q2 September 2011 over Q2 September 2010. The stock topped gainers in BSE's 'A' group. The result was announced after market hours on Wednesday, 9 November 2011. Stock market had remained closed on Thursday, 10 November 2011 for a local holiday.

Glenmark Pharma surged 4.42% to Rs 333. The stock was the second biggest gainer in BSE's A group. The stock rose on higher volume of 1.56 lakh shares as against an average daily volume of 65,000 shares in the past two weeks.

Manappuram Finance gained 3.21% to Rs 65.85 and was the third biggest gainer in BSE's A group. The stock extended three-day 8.96% advance triggered by unveiling robust earning during market hours on 3 November 2011. The company's net profit rose 124.8% to Rs 135.30 crore on 154.9% rise in net sales of Rs 619.91 crore in Q2 September 2011 over Q2 September 2010.

Mahindra & Mahindra spurted 3.12% to Rs 838.40 and was the fourth biggest gainer in BSE's A group. The company has increased the production of Yuvraj 215 tractors at its Shapar plant in Rajkot, from 1,800 units to 2,500 units per year.

Apollo Tyres rose 2.86% to Rs 61.05 and was the fifth biggest gainer in BSE's A group. During market hours on 9 November 2011, the company reported 46% rise inconsolidated net profit to Rs 77.77 crore on 47.3% rise in net sales to Rs 2871.24 crore in Q2 September 2011 over Q2 September 2010.

THE WEEK THAT WAS

Market slips on euro-zone debt woes

The market tumbled last week, dragged by sharp losses in bank and metal stocks, with declines in European indices adding to the selling pressure in a truncated trading week. A lack of clarity on the timing of the resignation of Italian Prime Minister Silvio Berlusconi, which markets view as a step toward resolving the euro-zone's debt mess, concerned investors. The domestic equity market was shut on Monday, 7 November 2011 on account of Bakri-Id and again on Thursday, 10 November 2011 on account of Gurunanak Jayanti.

The BSE Sensex fell 369.79 points or 2.11% to 17,192.82 in the week ended Friday, 11 November 2011. The 50-share S&P CNX Nifty fell 115.35 points or 2.18% to 5,168.85.

Sensex, Nifty settle at 2-1/2-week lows !

Market slides as industrial production growth slumps to 2-year low !

The market cut losses after a weak opening. The Sensex and the 50-unit S&P CNX Niftyrecovered after hitting their lowest level in nearly 2-1/2 weeks. The market weakened once again in morning trade. The market extended losses to hit fresh 2-1/2-week lows in mid-morning trade after data showing dismal 1.9% growth in industrial production in September 2011. A bout of volatility was witnessed as key benchmark indices recoveredafter weakening again in early afternoon trade. The intraday recovery gathered steam in mid-afternoon trade. Stocks remained volatile in late trade.

As per provisional figures, the BSE Sensex was down 150.75 points or 0.87% to 17,211.35. The index fell 82.87 points at the day's high of 17,279.23 in early trade. The index shed 265.26 points at the day's low of 17,096.84 in morning trade, its lowest level since 25 October 2011.

The S&P CNX Nifty was down 46.05 points or 0.88% to 5,175, as per provisional figures. The Nifty hit a high of 5,198.60 in intraday trade. The Nifty hit a low of 5,142.25 in intraday trade, its lowest level since 25 October 2011.

BSE clocked turnover of Rs 2610 crore, higher than Rs 2576.35 crore on Wednesday, 10 November 2011.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,948 shares fell and 899 rose. A total of 105 shares were unchanged.

From the 30-share Sensex pack, 20 fell and the rest of them rose.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !