Friday, November 19, 2010

19Nov 2010 Closing Market Updates

19Nov 2010 Closing Market Updates  15:30


Reliance cluster was the cause in the fall of today's market.Nifty ended at 5880.50 after making intraday low of 5863.95 with 118.3 points down and Sensex tumbled 376.11 points to end at 19554.53. Indian markets didnt sustain even after smart recovery in Asian markets.Hang Seng recovered almost 353 points from its day low of 23252.33 to close at 23605
Nifty collapsed nearly 241 points in just last 3 sessions. Further, even foreign portfolio investment in Indian equities has been subdued over last few sessions, displaying a cautious stance alongside global cues after jitters caused by Ireland's debt problems. Weakness also seems to be coming in from Telecom stocks that have cracked under pressure following a 2G spectrum allocation scandal.
All BSE Sectoral Indices ended in negative.Realty was the top hitter by 3.96% fall followed by Oil&Gas(2.71), Consumer Durables(2.59), Metal(2.49), IT(2.27),Power(2.15) and PSU(2.01). Heavy weights like Reliance Industries, Relinfra,Relcapital, Hindalco, Rcom, Wipro and DLF were the big losers in the indices.
In Nifty50 stocks, Herohonda gained the most by 1.18% and ended at 1936 and Relinfra ended at 946 which was the top loser with 5.43% fall.
Coal India was the turnover topper by traded value as Six block deals aggregating to 671,567 shares of Coal India were witnessed Friday on National Stock Exchange at Rs 338.13 a share. Total value of the deals was Rs 227.1 million.
Advance Decline ratio was worst as 1186 stocks declined and 210 stocks gained today on NSE.Ratio was 5.65 : 1


Major Global Indices :

Hang Seng : -31.68
Nikkei : -8.76
FTSE : -44.08
CAC : -7.42
DAX : -0.31
Dow Futures : -27.00
Nasdaq Futures : -6.75

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