SHREE GANESHAY NAMAAH !

Market fumbles: Experts predict a deeper cut !

Global cues have played the trick yet again pullingIndian equities deep in the red . The Sensex fell over 200 points to close at 17,362 while the Nifty shut shop at 5,221.05, down 68.30 points. Though the market has held on very valiantly in spite of all odds and is still trading between important psychological support levels, chances of Nifty breaching the 5,200-mark on the downside remain high.

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 5221.15
Close: 5237.10
Avg. : 5275.54

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5237.10
Avg. : 5578.90

NIFTY FUTURE 

R5 : 5338
R4 : 5313
R3 : 5296
R2 : 5278
R1 : 5258

CMP: 5237.10

S1 : 5221
S2 : 5200
S3 : 5180
S4 : 5156
S5 : 5108

Market Updates : 

United Spirits leads gainers in 'A' group

Ashok Leyland, Hindustan Unilever, Manappuram Finance and Wipro are among the other gainers

United Spirits advanced 4.89% to Rs 914.25. The stock top gainers in BSE's 'A' group. The stock extended Tuesday's gains after reporting 98.37% surge in net profit to Rs 147.99 crore on 36.67% increase in total income to Rs 1866.31 crore in Q2 September 2011 over Q2 September 2010. The company declared the result on Monday, 7 November 2011 when the stock market was closed on account of Bakri-Id.

Ashok Leyland surged 3.47% to Rs 28.30. The stock was the second biggest gainer in BSE's A group. The stock rose on higher volume of 16.37 lakh shares as against an average daily volume of 8.88 lakh shares in the past two weeks.

Hindustan Unilever gained 2.85% to Rs 391.30 after striking a record high of Rs 395.80. The stock rose on defensive buying in an otherwise weak broad market trend. The stock was the third biggest gainer in BSE's A group. The stock rose on higher volume of 10.24 lakh shares as against an average daily volume of 8.3 lakh shares in the past two weeks.

Manappuram Finance spurted 2.24% to Rs 63.80. The stock was the fourth biggest gainer in BSE's A group.

Wipro rose 2.14% to Rs 376.60 and was the fifth biggest gainer in BSE's A group. The stock rose on higher volume of 2.48 lakh shares as against an average daily volume of 1.88 lakh shares in the past two weeks. As per recent reports Wipro Technologies, the global information technology, consulting and outsourcing business of Wipro, was selected by Premier Foods, the United Kingdom's largest food producer, as a strategic technology partner.

Sensex, Nifty settle at 2-week lows

Market tumbles in late trade on Italian debt worries

Bank stocks fell after global rating agency Moody's downgraded its outlook for India's banking system to "negative" from "stable". State Bank of India (SBI) tumbled more than 7% as the bank's latest results showed that its bad loans rose. Lupin rose after good Q2 results. Metal and capital goods stocks dropped. Ranbaxy Laboratories declined on weak Q3 results. PSU OMCs and airline stocks dropped on higher crude oil prices.

As per provisional figures, the BSE Sensex was down 229.37 points or 1.31% to 17,340.16. The index tumbled 238.30 points at the day's low of 17,331.23 in late trade, its lowest level since 3 November 2011. The index gained 88.81 points at the day's high of 17,658.34 in early trade, its highest level since 4 November 2011.

The S&P CNX Nifty was down 74.45 points or 1.41% to 5214.90, as per provisional figures. The Nifty hit a high of 5,317.50 in intraday trade, its highest level since 4 November 2011. The Nifty hit a low of 5,211.75 in intraday trade, its lowest level since 3 November 2011.

BSE clocked turnover of Rs 2565 crore, higher than Rs 1984.53 crore on Tuesday, 8 November 2011.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,893 shares fell and 966 rose. A total of 109 shares were unchanged.

From the 30-share Sensex pack, 25 fell and the rest of them rose.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !