SHREE GANESHAY NAMAAH !

Market @ 2-year low : Anyone want to catch a falling knife ?

It was complete capitulation on Dalal Street today, as the Nifty plunged to a 2-year low of 4,650, before stabilising to close around 4,700. Meanwhile, theSensex closed with a 365 point cut to end the day at 15699.97.

The big fall has once again reinforced the bearish sentiments in the market. There was no “bad news” as such that caused indices to crash, but market these days doesn’t need much to get itself into a tizzy anyway.

Yesterday, we saw almost a thousand crore sell figure on the cash market. Today, blue-chip names like HDFC Bank, Bharti came off, leading to fears that there is some large scale sell-off or redemption from the foreign institutional investors (FIIs). To go with that there was serious amount of shorting in the Futures & Options market as well, though at 4650 it looked oversold, therefore the bears might have taken profits.

According to Finance Minister Pranab Mukherjee, the withdrawal of money by the FIIs was one of the key reasons behind the current market fall and rupee weakness and weak cues from Europe too have hurt the sentiments. 

Month Stats :
Open : 5321.60
High : 5353.95
Low : 4632.25
Close: 4703.90
Avg. : 5002.93

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 4632.25
Close: 4703.90
Avg. : 4995.01

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4632.25
Close: 4703.90
Avg. : 5423.66

NIFTY FUTURE 

R5 : 4925
R4 : 4892
R3 : 4868
R2 : 4848
R1 : 4815

CMP: 4783.30

S1 : 4768
S2 : 4755
S3 : 4728
S4 : 4718
S5 : 4692

Market Updates : 

Unitech leads gainers in 'A' group

Titan Industries, Jubilant FoodWorks, Lupin and Divi's Laboratories are among the other gainers.

Real estate developer Unitech rose 4.48% to Rs 23.30 after the Supreme Court today, 23 November 2011, granted bail to five corporate executives, including Unitech's managing director, Sanjay Chandra, facing prosecution for their alleged involvement in the 2G spectrum case.

Besides Sanjay Chandra, the other four executives include, Vinod Goenka, chairman of Etisalat's India partner DB Group; and three executives--Hari Nair, Gautam Doshi and Surendra Pipara--from Anil Dhirubhai Ambani's group firm Reliance Telecom. These fiveexecutives have been held in jail since April 2011, following rejection of their bail pleas in lower courts. Shares of Unitech topped the gainers in the BSE's 'A' group.

Gold jewellery and watches maker Titan Industries rose 2.78% to Rs 190.60 on bargain hunting after the stock declined 12.48% in the preceding four sessions to Rs 185.45 on 22 November 2011 from a recent high of Rs 211.90 on 16 November 2011. The stock was second biggest gainer in 'A' group.

Restaurant chain operator Jubilant FoodWorks rose 2.56% to Rs 759.75 on bargain hunting after the stock declined 6.45% in the preceding two sessions to Rs 740.80 on 22 November 2011 from a recent high of Rs 791.90 on 18 November 2011. The stock was third biggest gainer in 'A' group.

Drug maker Lupin rose 1.99% to Rs 456.35. The stock was fourth biggest gainer in 'A' group.

Drug maker Divi's Laboratories rose 1.80% to Rs 724.80. The stock was fifth biggest gainer in 'A' group.

Sensex, Nifty settle at 2-year lows as FIIs step up selling

Sensex provisionally down 2.2%; breadth weak

As per provisional closing, the BSE Sensex was down 365.45 points or 2.27% to 15,699.97. The Sensex lost 586.73 points at the day's low of 15,478.69 in early afternoon trade, its lowest level since 3 November 2009. The index fell 95.82 points at the day's high of 15,969.60 in early trade.

The S&P CNX Nifty was down 105.90 points or 2.20% to 4,706.45. The Nifty hit a low of 4,640.95 in intraday trade, its lowest level since 5 November 2009. The Nifty hit a high of 4,779.50 in intraday trade.

The market breadth, indicating the overall health of the market, was weak. On BSE, 2,075 shares declined and 807 shares rose. A total of 94 shares were unchanged.

The total turnover on BSE amounted to Rs 2004 crore, higher than Rs 1,973.95 crore clocked on Tuesday, 22 November 2011.

Among the 30-member Sensex pack, 28 declined while only two of them managed gains. Bajaj Auto (up 0.81%), and NTPC (up 0.71%), edged higher from the Sensex pack. DLF (down 2.47%), HDFC (down 2.20%), and ITC (down 0.92%), edged lower from the Sensex pack.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !