11th June, 2012 Closing Market Updates 16:07
As per mentioned in the blog published on 6th May,2012, Nifty June future spurted and made a high of 5124 and could not sustain above 5100 mark even after strong global cues as S&P feared about Slowing GDP growth and political roadblocks to economic policy making are just some of the factors pushing up the risk that India (unsolicited BBB-/Negative/A-3) could lose its investment-grade rating. Industrial output growth for April and consolidated monthly inflation for May would largely determine the Reserve Bank of India’s (RBI) next move on interest rate hikes which will be announced on 18th of this month. All eyes are at Greece election would be held this weekend.
Spot Nifty ended at 5041.7 by shedding 26.65 points after making day high of 5124.45.Sensex ended at 16627.48 down by 91.39 points. Adjusted closing for Nifty was at 5054.1. Nifty Fut.(June) contract closed at 5059.4 with a premium of 5.3 points.
Among BSE Sectoral Indices, Consumer durables' index rose the most by 1.14% followed by FMCG index by 0.31%., all other sectors closed into red.Worst hit was Capital Goods by 1.8%.
In Nifty50 stocks, Tatapower was the top gainer by 2.23% and ended at 96.4 whereas HCLTech was the top loser by 3.46% and ended at 478.45.
LITL was the most traded stocks by quantity and SBI by the traded value on NSE today.
Advance /Decline ratio was on positive side by minority percentage as 720 stocks gained & 702 stocks declined on NSE today.
Nifty Outlook :
All eyes are set on three primary events i.e. Inflation data release, Greek Parliamentary elections which will be held on 17th June and RBI Mid-quarter Policy on 18th June. Technically speaking, Nifty(Fut.) should close above 5090 levels to touch 5175-5200 levels.Failing to close above 5100 level, Nifty may fall upto 4965 level.
Nifty immediate Resistance : 5090(closing)
Nifty immediate Resistance : 4965.
Global Indices :
Nikkei : +165.64
HangSeng : +451.29
FTSE : +48.69
CAC : +50.46
DAX : +114.46
Dow Futures : +87.00
Nasdaq Futures : +18.00
Gold(US$) : 1689.6
Silver(US$) : 28.63
USD/INR : 55.68
EUR/INR : 69.90
GBP/INR : 86.5580
Spot Nifty ended at 5041.7 by shedding 26.65 points after making day high of 5124.45.Sensex ended at 16627.48 down by 91.39 points. Adjusted closing for Nifty was at 5054.1. Nifty Fut.(June) contract closed at 5059.4 with a premium of 5.3 points.
Among BSE Sectoral Indices, Consumer durables' index rose the most by 1.14% followed by FMCG index by 0.31%., all other sectors closed into red.Worst hit was Capital Goods by 1.8%.
In Nifty50 stocks, Tatapower was the top gainer by 2.23% and ended at 96.4 whereas HCLTech was the top loser by 3.46% and ended at 478.45.
LITL was the most traded stocks by quantity and SBI by the traded value on NSE today.
Advance /Decline ratio was on positive side by minority percentage as 720 stocks gained & 702 stocks declined on NSE today.
Nifty Outlook :
All eyes are set on three primary events i.e. Inflation data release, Greek Parliamentary elections which will be held on 17th June and RBI Mid-quarter Policy on 18th June. Technically speaking, Nifty(Fut.) should close above 5090 levels to touch 5175-5200 levels.Failing to close above 5100 level, Nifty may fall upto 4965 level.
Nifty immediate Resistance : 5090(closing)
Nifty immediate Resistance : 4965.
Global Indices :
Nikkei : +165.64
HangSeng : +451.29
FTSE : +48.69
CAC : +50.46
DAX : +114.46
Dow Futures : +87.00
Nasdaq Futures : +18.00
Gold(US$) : 1689.6
Silver(US$) : 28.63
USD/INR : 55.68
EUR/INR : 69.90
GBP/INR : 86.5580
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