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Sensex slumps 5.17% in 5 days as FIIs press sales

From the 30-member Sensex pack, 25 declined while only five of them managed gains

Stock To Watch

Ster Tech (532374) CMP 30, SL 28, Tgt 33 / 36 / 39 In Coming Days !

Nifty Future Closes Below 4538, Tgt Open For 4360 / 4135. NOW IF CLOSES ABOVE 4640 TGT OPEN FOR 4720 / 4792 / 4850 ! CMP 4554.50 !

Nifty Future Chart :




Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4538.00
Close: 4554.50
Avg. : 4824.55

NIFTY FUTURE 

R5 : 4692
R4 : 4668
R3 : 4640
R2 : 4592
R1 : 4568

CMP: 4554.50

S1 : 4530
S2 : 4500
S3 : 4478
S4 : 4444
S5 : 4418

Market Updates : 

It was a day of new lows for the market, with theNifty hitting a fresh 52 week low and then going ahead to its lowest closing since August 2009. It is now clear that the bears are reigning over the market as investors prefer to sit on cash instead of dipping their toes in the market.

Some strength in European indices helped the market gain some footing, but it was not able to hold onto the 4550 level as the broader market saw some deep cuts. Even though there wasn’t any negative news as such, heavy selling in big names like SBI and L&T pushed the market to a corner. At the end of the day, the Nifty fell close to 70 points to end the day at 4544.20. The Sensex finished the day down over 200 points at 15,175.08.

Bata India leads gainers in 'A' group

Biocon, Ranbaxy Laboratories, ONGC and Mundra Port & Special Economic Zoneare among the other gainers.

Footwear maker Bata India galloped 5.56% to Rs 532.65 on bargain hunting after the stock fell 15.11% in the preceding four sessions to Rs 504.60 on 19 December 2011 from a recent high of Rs 594.40 on 13 December 2011. The stock topped the gainers in the BSE's 'A' group.

Biotech major Biocon jumped 5.11% to Rs 255.90 on bargain hunting after the stock fell 25.43% in the preceding nine sessions to Rs 243.45 on 19 December 2011 from a recent high of Rs 326.45 on 5 December 2011. The stock was second biggest gainer in 'A' group.

Drug maker Ranbaxy Laboratories rose 3.09% to Rs 395.35 on bargain hunting after a recent slide. The stock was third biggest gainer in 'A' group.

Shares of Ranbaxy Laboratories had underperformed the market over the past one month until 19 December 2011, falling 16.34% compared with the Sensex's 6.06% decline. The scrip had also underperformed the market in past one quarter, falling 21.20% as against 8.16% fall in the Sensex.

State-run oil explorer ONGC rose 2.39% to Rs 253.20 as crude oil futures rose for the second day in a row on forecasts that US crude stockpiles declined for a second week and on speculation that further sanctions against Iran will curb supply. The stock was fourth biggest gainer in 'A' group.

Higher crude oil prices will result in higher realisations from crude sales for oil exploration firms such as ONGC. Crude for January 2012 delivery climbed as much as 1.42 cents, or 1.51% to $95.30 a barrel in Asian electronic trading today, 20 December 2011.

Mundra Port & Special Economic Zone rose 2.01% to Rs 122 on bargain hunting after the stock fell 7.89% in the preceding three sessions to Rs 119.60 on 19 December 2011 from a recent high of Rs 129.85 on 14 December 2011. The stock was fifth biggest gainer in 'A' group.

Sensex, Nifty hit 28-month lows; RIL hits 52-week low

Note : Data From Capital Market And Money Control !

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