25.12.2013

As The Festival Of Christmas Fills Cheers In Our Mind We Get Mesmerised In The Magic Of Christmas.  May Your Life Be Colorful Magnificent, Shimmering And Joyful, As The Magic Of Christmas Spreads On You. Wishing All Our Readers, Supporters And Followers A Merry Christmas And Happy New Year !!!

Nifty Weekly Range For The Week 23rd Dec -- 27th Dec 6180 -- 6368, Either Side Sustaining Will Give More 75 Points More, High 6317.50, Low 6262, Closed 6268.40.

Key benchmark indices edged lower, snapping their two-day winning streak. The barometer index, the S&P BSE Sensex, lost 68.32 points or 0.32%, up 22.06 points from the day's low and off 124.21 points from the day's high. The market breadth, indicating the overall health of the market, was positive. The Sensex had garnered 392.41 points or 1.89% in two trading sessions to settle at 21,101.03 on Monday, 23 December 2013, from a recent low of 20,708.62 on 19 December 2013. The Sensex has risen 240.78 points or 1.16% in this month so far (till 24 December 2013). The Sensex has garnered 1,606 points or 8.27% in calendar 2013 so far (till 24 December 2013). From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has risen 3,584 points or 20.54%. From a record high of 21,483.74 hit on 9 December 2013, the Sensex is off 288.82 points or 1.35%.

The total turnover on BSE amounted to Rs 2036 crore, lower than Rs 2044.15 crore on Monday, 23 December 2013. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,424 shares gained and 1,043 shares fell. A total of 169 shares were unchanged. Among the 30-share Sensex pack, 20 stocks declined and rest of them rose. The BSE Mid-Cap rose 0.53% and the BSE Small-Cap index gained 1.04%. Both these indices outperformed the Sensex.

Most Asian stocks edged higher on Tuesday, 24 December 2013, after data showed the US economic recovery gaining momentum. US economy is the world's biggest economy. Key benchmark indices in China, Hong Kong, Japan, Indonesia, Singapore and South Korea rose by 0.12% to 1.13%. Taiwan's Taiwan Weighted fell 0.07%.

China's central bank conducted the first reverse-repurchase agreements in three weeks, helping to ease the tightest financing conditions since a record cash crunch in June.

In Japan, the Cabinet Office released its December economic report today, 24 December 2013. The report dropped a reference to the word deflation for the first time since October 2009, saying "prices are holding firm."

News of the day:
The Sensex edged higher in early trade on firm Asian stocks. A bout of volatility was witnessed as key benchmark indices alternately swung between positive and negative zone in morning trade. Intraday volatility continued as key benchmark indices trimmed losses after hitting fresh intraday low in mid-morning trade. The Sensex regained positive terrain in early afternoon trade. After moving in a narrow range near the flat line in early afternoon trade, the key benchmark edged lower and hit fresh intraday low in afternoon trade. A bout of volatility was witnessed as key benchmark indices trimmed losses after hitting fresh intraday low in mid-afternoon trade. NSE’s INDIA VIX, was down 3.07 % level, at 15.76. Amongest the Indices CNX SMALLCAP was up 0.80% closed at 3,354.45.

Stock Specific news:
Web exclusive: ITC may bounce back and move towards Rs 330 levels
Sesa Sterlite shares falls more than 2% on CBI investigation
Gold futures down 0.1% on weak global cues
Crude oil down 0.2% on global cues
Silver futures down 0.26% on global cues
UPL hits three-year high on share buyback plan
Zinc sheds 0.08% on profit-booking
Copper gains 0.25% on global cues, spot demand
Nickel gains 0.5% on firm demand, global cues
Coal India: Price hikes to boost profitability