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Sensex closes flat after 278 points swing; RComm up 5.5% !

The NSE Nifty closed flat amid extreme volatility in the last half an hour of trade on Wednesday. The 30-share BSE Sensex has seen 278 points swing during the day, before closing down 16 points at 17,464.85.

The market was moderately lower in the morning trade due to weak Asian cues, then it turned higher in the afternoon trade following positive European cues. Finally at the close of trade, it erased all its gains post weak manufacturing data from the Eurozone. The 50-share NSE Nifty rose just 0.5 points to 5,258.45.

European markets too wiped out their early gains post Eurozone Manufacturing PMI came in at 47.1 in the month of October - lowest since July 2009. These markets rallied 1-1.5% in the initial trade post Greek PM won the cabinet support for a referendum on the Eurozone bailout deal. According to news reports, the referendum, which has taken most by surprise, may be held in December. The Dow Jones and Nasdaq futures were flat as well.

Nifty may test 4700, short only if it crosses 5150: JM Fin

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 5227.00
Close: 5280.20
Avg. : 5287.78

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5280.20
Avg. : 5589.68

NIFTY FUTURE 

R5 : 5398
R4 : 5379
R3 : 5367
R2 : 5336
R1 : 5294

CMP: 5280.20

S1 : 5276
S2 : 5248
S3 : 5221
S4 : 5208
S5 : 5180

Market Updates : 

Allahabad Bank leads gainers in 'A' group

Reliance Communications, Tech Mahindra, CRISIL and Reliance Power are among the other gainers.

State-run Allahabad Bank spurted 8.05% to Rs 161.05 after net profit rose 21.2% to Rs 488.02 crore on 40.9% growth in total income to Rs 4202.54 crore in Q2 September 2011 over Q2 September 2010. The result was announced during trading hours today, 2 November 2011. The stock topped the gainers in the BSE's 'A' group.

Allahabad Bank said it has planned for 25% growth in business to reach at Rs 2.80 lakh crore and to increase the number of branches to 2,570 within 31 March 2012. The bank plans to open 155 branches and 500 ATMs within the financial year 2011-12, the bank said in a statement.

Allahabad Bank's capital adequacy ratio (CAR) stood at 12.99% as on 30 September 2011, compared with 13.49% as on 30 September 2010. The bank's gross non-performing assets (NPA) ratio stood at 1.77% of gross advances and the net NPA ratio was at 0.69% of net advances as on 30 September 2011 (as against 1.77% gross NPA and 0.56% net NPA as on 30 September 2010).

India's second largest listed telecom operator by sales Reliance Communications (RCom) jumped 5.49% to Rs 81.65 on reports Mukesh Ambani-controlled Reliance Industries could use telecom assets of the company to launch its wireless broadband services. The stock was second biggest gainer in 'A' group.

Telecom software developer Tech Mahindra galloped 5.46% to Rs 621.15. The stock was third biggest gainer in 'A' group.

Credit rating agency CRISIL climbed 4.19% to Rs 973. The stock was fourth biggest gainer in 'A' group. The stock had hit a record high of Rs 975 today. Last month, CRISIL's board had approved buyback of equity shares.

Power generation company Reliance Power rose 3.90% to Rs 98.50. The stock was fifth biggest gainer in 'A' group. The company will declare its Q2 September 2011 results on 8 November 2011.

Sensex at one-week closing low

Market ends choppy trading session lower

As per provisional figures, the BSE Sensex was down 33.45 points or 0.19% to 17,447.38. The index rose 135.09 points at the day's high of 17,615.92 in afternoon trade. The index fell 143.18 points at the day's low of 17,337.65 in early trade, its lowest level since 26 October 2011.

The S&P CNX Nifty was down 4.50 points or 0.09% to 5,253.40 as per provisional figures. The Nifty hit a low of 5,204.95 in intraday trade, its lowest level since 26 October 2011. The Nifty hit a high of 5,300.10 in intraday trade.

BSE clocked turnover of Rs 1984 crore, lower than Rs 2238.26 crore on Tuesday, 1 November 2011.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,323 shares rose and 1,495 fell. A total of 117 shares were unchanged.

From the 30-share Sensex pack, 18 fell and the remaining rose.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !