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Volatile Sensex closes 115 pts up amid weak GDP, Europe

RBI would look to cut rates only towards H2 2012: RBS

The Sensex gained 115 points despite a disappointing domestic second quarter GDP and weak global peers. The day has been very volatile as the index has seen a swing of 330 points, before closing at 16,123.46. Oil & gas, telecom, FMCG, technology and HDFC group's stocks helped the Nifty to close up 27 points at 4,832.05.

India’s Q2 GDP at 6.9%, slowest in over two years

The Indian economy has expanded by 6.9 per cent in the second quarter ending September 2011, the government said today. This is the slowest pace of economic growth in the last nine quarters. In the first quarter of this fiscal, the gross domestic product, which is the measure of all finished goods and services produced in a country and indicates the economic health of a nation, stood at 7.7 per cent.

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4632.25
Close: 4832.35
Avg. : 5455.78

NIFTY FUTURE 

R5 : 4939
R4 : 4906
R3 : 4882
R2 : 4868
R1 : 4848

CMP: 4832.35

S1 : 4816
S2 : 4792
S3 : 4762
S4 : 4740
S5 : 4710

Market Updates : 

Mahindra & Mahindra Financial Services leads gainers in 'A' group

Pipavav Defence and Offshore Engineering Company, CESC, United Phosphorus and JSW Energy are among the other gainers.

Mahindra & Mahindra Financial Services jumped 5.45% to Rs 682.50. The stock topped the gainers in the BSE's 'A' group.

Ship builder Pipavav Defence and Offshore Engineering Company jumped 5.21% to Rs 59.55 on bargain hunting. The stock was second biggest gainer in 'A' group.

Shares of Pipavav Defence had underperformed the market over the past one month until 29 November 2011, slumping 34.79% compared with the Sensex's 10.09% decline.

Power utility CESC, which also operates Spencer's Retail, galloped 4.50% to Rs 261.50 on bargain hunting after the stock slipped 8.78% in the preceding two trading sessions to Rs 250.25 on 29 November 2011 from a recent high of Rs 274.35 on 25 November 2011. The stock was third biggest gainer in 'A' group.

Agrochemicals maker United Phosphorus rose 4.24% to Rs 137.65 on bargain hunting. The stock was fourth biggest gainer in 'A' group.

Shares of United Phosphorus had underperformed the market over the past one month until 29 November 2011, falling 11.23% compared with the Sensex's 10.09% decline.

Power generation company JSW Energy rose 4.13% to Rs 42.85 on bargain hunting. Thestock was fifth biggest gainer in 'A' group.

Shares of JSW Energy had underperformed the market over the past one month until 29 November 2011, falling 20.71% compared with the Sensex's 10.09% decline.

Market edges higher amidst volatility

Sensex provisionally up 0.9%

BSE clocked turnover of Rs 1936 crore higher than Rs 1895.70 crore on Tuesday, 29 November 2011.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1564 shares declined and 1116 shares rose. A total of 135 shares were unchanged.

From the 30-member Sensex pack, 19 stocks gained and the rest of them declined.

Note : Data From Capital Market And Money Control !

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