Monday, July 30, 2012

Nifty ended above 5200

30 July 2012 Closing Market Updates  15:55


Market gained on the rate cut expectations from RBI's 1st quarter Credit Policy which will be announced tomorrow. Nifty gained 100.45 points and ended at 5200.30 whereas BSE Sensex jumped 298.92 points to end at 17138.11. Nifty ended above 5200 after 20th July,2012.
Among BSE Sectoral Indices, Power index gained the most by 3.48% followed by Realty 3.24%, Capital Goods 2.92% and Consumer durables' index by 2.6%.
In Nifty50 stocks, just 3 stocks declined today. Relinfra gained the most by 5.58% ended at 500.7. Ambujacem was the top loser by 1.21% which ended at 179.75.
Suzlon was the turnover topper by the volumes traded and ICICI Bank was by the traded value.
Advance/Decline ratio was positive to 1.85 : 1 ratio as 940 stocks gained and 507 stocks eclined today on NSE.


Nifty Outlook :
As discussed into previous blog, Nifty collapsed upto 5032.40 after breaking important level of 5165-5170. As an important event of RBI policy tomorrow, market will set the mood accordingly.
Nifty Aug Fut. support : 5140/ 5100
Resistance : 5248/5270
Bank Nifty Fut. support : 10400/ 10190(closing basis)
Resistance : 10510/ 10680


Major Global Indices :


Nikkei : +68.8
Hang Seng : +310.44
FTSE : +29.23
CAC : +30.78
DAX : +66.41
Dow Futures : -16.00
Nasdaq Futures : +0.5
Gold($) : 1619.77
Silver($) : 27.6930
USD/INR : 55.4380
EUR/INR : 67.9150
GBP/INR : 86.9860




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