SHREE GANESHAY NAMAAH !

Be prepared ! Market is probably in for a long haul : Experts

Amid fears of policy paralysis and a widening fiscal deficit, a heightened political rift is the last thing Indian investors bargained for. With the opposition demanding that Home Minister P Chidambaram step down, the market went into a frenzy today, the benchmark indices closing nearly 400 points down.

BSE Sensex shut shop at 16488.24 down 388.82 points or 2.30% and the Nifty closed at 4943.65 today, down 118.95 points or 2.35%. This comes against a firming trend in Europe before the European Union Summit scheduled tomorrow.

Sensex closes 389 pts down on local issues, not global woes

Plagued by poor fundamentals, Indian markets chose to decouple from global markets and reacted vigorously to domestic news flow that was tinted red today. The opposition party's demand for resignation of P Chidambaram only added to market woes, further denting confidence of traders.

The government's reform drive has hit another roadblock. The standing committee on finance has rejected the insurance amendment bill & the UIDAI bill.

Zee Enter Cmp 129, Can Buy With SL Of 119, For Tgt Of 135--139--145 in Coming Days !

Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4936.00
Close: 4956.60
Avg. : 5001.43

NIFTY FUTURE 

R5 : 5108
R4 : 5065
R3 : 5025
R2 : 4995
R1 : 4964

CMP: 4956.60

S1 : 4938
S2 : 4860
S3 : 4840
S4 : 4816
S5 : 4792

Market Updates : 

United Breweries leads gainers in 'A' group

UTV Software Communications, Wipro, United Phosphorus and PiramalHealthcare are among the other gainers

United Breweries surged 9.34% to Rs 474.80 and topped the gainers in the BSE's 'A' group. The stock extended Wednesday's 7.53% surge. The stock rose on higher volume of 6.74 lakh shares as against an average daily volume of 14,000 shares in the past two weeks.

UTV Software Communications jumped 3.04% to Rs 979.85 after the government approved the proposal of the US-based Walt Disney Co to fully acquire the media firm. It was second biggest gainer in 'A' group. A release published after market hours on Wednesday, 7 December 2011 showed the Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Walt Disney Company (Southeast Asia) Pte, Singapore for increasing its stake in UTV Software Communications pursuant to the Foreign Investment Promotion Board recommendation in its meeting held on 15 November 2011.

Foreign promoter Walt Disney Company plans acquire 100% stake in UTV SoftwareCommunications and delist the latter's shares from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Walt Disney Company held 50.28% stake in UTV Software Communications while 19.75% is held by other promoters--Rohinton Screwvala, Unilazer Exports and Management Consultants, Unilazer (Hong Kong) and Zarine Mehta. The total promoter holding in UTV Software Communications is 70.04% as at end September 2011.

Wipro gained 2.35% to Rs 413.25 after the company announced its plans to create a focused global unit called the Business Operations Unit to deliver differentiated value for clients with seamless, predictable execution. The company made this announcement during trading hours today, 8 December 2011. It was third biggest gainer in 'A' group.

United Phosphorus shot up 2.33% to Rs 135.95 and was fourth biggest gainer in 'A' group.

Piramal Healthcare advanced 2.32% to Rs 376.95 and was fifth biggest gainer in 'A' group. The stock rose on higher volume of 22,000 shares as against an average dailyvolume of 12,000 shares in the past two weeks.

Sensex, Nifty settle at one-week lows

Sensex provisionally off 2.56%

BSE clocked turnover of Rs 1981 crore lower, than Rs 3092.83 crore on Wednesday, 7 December 2011.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,959 shares fell and 791 shares rose. A total of 95 shares were unchanged.

From the 30-member Sensex pack, 23 shares fell and rest of them rose. Jaiprakash Associates, M&M and SBI shed by between 3.75% to 5.69%.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !