SHREE GANESHAY NAMAAH !

Global rally lifts Sensex 360 pts at close ; BHEL loses 2.5% !

Current rally may not sustain, see big reversal

The Sensex surged 2% at close on Thursday. It saw some profit taking in the second half of trade. Central banks' move to reduce the cost of dollar pushed all the global markets higher, by 2-6%.

Sharp appreciation in the rupee too helped our markets coupled with short covering. The Sensex, which shot up nearly 600 points in intraday trade, ended up 359.99 points at 16,483.45. The Niftyrose 104.80 points, to close at 4,936.85, after hitting a high of 5,010 during the day

The Indian market rallied today on the back of the coordinated joint central bank action.

Monthly (2011) : 
Open : 4978.45
High : 5015.05
Low : 4936.00
Close: 4963.75
Avg. : 4973.31

NIFTY FUTURE 

R5 : 5082
R4 : 5065
R3 : 5025
R2 : 4995
R1 : 4979

CMP: 4963.75

S1 : 4942
S2 : 4918
S3 : 4892
S4 : 4878
S5 : 4876

Market Updates : 

Hindalco Industries leads gainers in 'A' group

ICICI Bank, Pantaloon Retail (India), Steel Authority of India (SAIL) and SterliteIndustries (India) are among the other gainers.

Aluminium maker Hindalco Industries galloped 6.97% to Rs 131.20. The stock topped the gainers in the BSE's 'A' group. Metal and mining shares were in demand in today's trade as LMEX, a gauge of six metals traded on the London Metal Exchange, surged 5% to settle at $3,436.90 on 30 November 2011.

Private sector bank ICICI Bank jumped 6.76% to Rs 762.45. The stock was second biggest gainer in 'A' group.

Organised retailer Pantaloon Retail (India) climbed 6.38% to Rs 208.40. The stock was third biggest gainer in 'A' group. Ruling out any rollback of the policy to allow foreign direct investment (FDI) in multi-brand retail in the country, the government today, 1 December 2011, said it would issue the guidelines in due course.

The Union Cabinet on Thursday, 24 November 2011, cleared a proposal to allow 51% FDI in multi-brand retail and increase in FDI in single brand retail to 100% from current 51%, paving way for global chains like WalMart, Carrefour and Tesco to open mega stores in Indian cities.

However, the government's decision to permit FDI in multi-brand retail has createdpolitical turmoil, disrupting functioning of Parliament and leading to traders' protests.

State-run Steel Authority of India (SAIL) rose 6.20% to Rs 85.60. The stock was fourth biggest gainer in 'A' group.

Copper maker Sterlite Industries (India) rose 6.19% to Rs 105.45. The stock was fifth biggest gainer in 'A' group.

Sensex provisionally up 2.08%

Market scales 2 week closing high on central banks' liquidity move

The BSE Mid-Cap index rose 0.9% and the BSE Small-Cap index gained 0.38%. Both these indices underperformed the Sensex.

BSE clocked turnover of Rs 1953 crore slightly higher than Rs 1942.16 crore on Wednesday, 30 November 2011.

The market breadth, indicating the overall health of the market, was positive compared with strong breadth earlier in the day. On BSE, 1673 shares gained and 1106 shares fell. A total of 107 shares were unchanged.

From the 30-share Sensex pack, 25 rose and only 5 fell. Bharti Airtel, Bhel, ONGC, Sun Pharmaceutical Industries and Hindustan Unilever shed by between 0.09% to 2.54%.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !