SHREE GANESHAY NAMAAH !

Sensex closes year on weak note, crashes 24% in 2011

The last day of the year 2011 was quite bad for the market, weighed down by banks, metals stocks, and index heavyweight Reliance Industries. It had seen some short covering today but the last couple of hours of trade turned tricky. It closed lower for the fourth consecutive session on Friday.

The Sensex fell 89.01 points, to close at 15,454.92 and the Nifty dropped 21.95 points, to end at 4,624.30.

The whole year itself had more disappointing reasons than positive news flow. Indian markets and investor sentiments were bouyed down by factors like 2G scam, rising inflatin, RBI's rate hike, disappointing quarterly results, government's prolonged divestment programme, lack of policy reforms, rupee depreciation and the unsolved European debt crisis among others.



WISHING U HAPPY NEW YEAR TO ALL READERS !



Stocks To Watch :

BGR Energy CMP 179, For Tgt 184 / 189 / 197 In Coming Days !

POSITIONAL CALL CAN BUY WIPRO JAN MONTH OR IN CASH ! 398--403, WITH SL OF 388, TGT 408 / 415 / 422 / 429 IN 10 TRADING SESSION !

Nifty Future Chart :



Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4538.00
Close: 4634.40
Avg. : 4821.38

NIFTY FUTURE 

R5 : 4756
R4 : 4710
R3 : 4695
R2 : 4668
R1 : 4640

CMP: 4634.40

S1 : 4630
S2 : 4608
S3 : 4588
S4 : 4566
S5 : 4542

Market Updates : 

PSU stocks gallop on heavy volumes

Shares of five public sector firms jumped 9.25% to 15.99% at 13:38 IST on BSE on reports the market regulator is set to introduce easier rules for the government to push through divestment in state-owned companies.

State Trading Corporation of India surged 15.99% to Rs 140. The stock clocked volume of 3.52 lakh shares, compared with a two-week average daily volume of 52,000 shares.

Dredging Corporation of India climbed 12.97% to Rs 223. The stock clocked volume of 99,925 shares, compared with a two-week average daily volume of 9,181 shares.

HMT advanced 9.25% to Rs 31.30. The stock saw volume of 1.91 lakh shares, comparedwith a two-week average daily volume of 63,000 shares.

Triveni Turbine gains in value and volume

MMTC, Nestle India, Hindustan Copper and Gitanjali Gems are among the otherstocks to see a surge in volumes on BSE today, 30 December 2011.

Triveni Turbine clocked volume of 15.09 lakh shares by 13:06 IST on BSE, a 31.44-times surge over two-week average daily volume of 48,000 shares. The stock rose 2.35% to Rs 34.80.

MMTC notched up volume of 1.80 lakh shares, a 24.24-fold surge over two-week average daily volume of 7,000 shares. The stock surged 14.44% to Rs 537.45.

Nestle India clocked volume of 48,000 shares, a 10.35-fold surge over two-week average daily volume of 5,000 shares. The stock lost 1.77% to Rs 4,061.30.

Hindustan Copper clocked volume of 4.95 lakh shares, a 7.81-fold surge over two-week average daily volume of 63,000 shares. The stock surged 13.93% to Rs 185.20.

Gitanjali Gems clocked volume of 4.20 lakh shares, a 4.47-fold surge over two-week average daily volume of 94,000 shares. The stock lost 0.08% to Rs 300.65.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !