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Nifty ends above 5K, weekly gain over 7%

The Sensex staged a stunning performance for the second consecutive session on Friday, shooting up 363.38 points in late trade. The sharp move was in anticipation that the European Union summit would have positive outcome. Over the week, the market posted one of the biggest rallies in 2011, rising over 7%.

Today, the Sensex gained as much as 405 points in intra-day trade, before closing at 16,846.83. Meanwhile, the Nifty jumped 113.30 points, to end at 5,050 level - at more than two-week high.

Monthly (2011) : 
Open : 4978.45
High : 5094.00
Low : 4936.00
Close: 5080.70
Avg. : 5022.29

NIFTY FUTURE 

R5 : 5188
R4 : 5165
R3 : 5139
R2 : 5116
R1 : 5095

CMP: 5080.70

S1 : 5056
S2 : 5025
S3 : 4995
S4 : 4945
S5 : 4918

Market Updates : 

Adani Enterprises leads gainers in 'A' group

Apollo Hospitals Enterprise, Federal Bank, Ambuja Cements and Uco Bank are among the other gainers.

Adani Enterprises galloped 9.4% to Rs 338.05 and topped the gainers in the BSE's 'A' group. The stock rose on higher volume of 3.58 lakh shares as against an average dailyvolume of 2.54 lakh shares in the past two weeks.

Apollo Hospitals Enterprise jumped 8.84% to Rs 660.55 after striking a record high of Rs 705 in intraday trade today, 2 December 2011. The stock was second biggest gainer in 'A' group. The stock rose on higher volume of 2.50 lakh shares as against an average daily volume of 14,000 shares in the past two weeks.

Federal Bank vaulted 8.13% to Rs 396.50 and was third biggest gainer in 'A' group. The stock rose on higher volume of 1.06 lakh shares as against an average daily volume of21,000 shares in the past two weeks.

Ambuja Cements shot up 7.21% to Rs 159.95 and was fourth biggest gainer in 'A' group. Ambuja Cements said in a statement that cement shipments rose 29% to 1.83 million tonnes in November 2011 over November 2010. The company added that the growth in November 2011 shipments was due to a statistical low base in November 2010. The company said cement production rose to 1.81 million tonnes in November 2011 from 1.44 million tonnes in November 2010.

Uco Bank advanced 6.77% to Rs 64.70 and was fifth biggest gainer in 'A' group. The stock rose on higher volume of 4.26 lakh shares as against an average daily volume of3.97 lakh shares in the past two weeks.

Market volatility likely to continue in forthcoming week

THE WEEK THAT WAS

Market soars on firm global cues

The market surged last week as global stocks climbed on renewed optimism that European officials were poised to take action to alleviate debt crisis wreaking havoc in the euro zone. Investors shrugged off India's weak GDP data amid expectation that theReserve Bank of India (RBI) may pause its aggressive monetary stance to prop up growth.

The BSE Sensex surged 1,151.40 points or 7.34% to 16,846.83 in the week ended Friday, 2 December 2011. The 50-share S&P CNX Nifty surged 340.10 points or 7.22% to 5,050.15.

The BSE Mid-Cap index jumped 2.69% while the BSE Small-Cap index rose 2.32%. Both these indices underperformed the Sensex.

The government unveiled Q2 September 2011 GDP data on Wednesday, 30 November 2011. The Indian economy expanded at a substantially lower rate in the second quarter of the current fiscal year as a series of rate increases by the RBI and a global slowdown hurt local demand. India's economy grew 6.9% in Q2 September 2011, in line with expectations, after expanding by 7.7% in the first quarter. The manufacturing sector grew an annual 2.7% during the July-September quarter while farm output rose an annual 3.2% the data showed. India's GDP growth in the first six months of FY12 stood at 7.3% versus 8.6% in the corresponding period of the last financial year.

Note : Data From Capital Market And Money Control !

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