14 Sept.2012 Closing Market Updates 16:26
Punters in Indian equity markets celebrated on the Ben Bernanke's decision to pump US$40 millions via bond purchase to improve the U.S. economy and Govt.'s decision to rise diesel prices. But the dark side would be rising inflation because of diesel price hike by 10% at actual.
Nifty ended at 5567.40 by gaining 132 points and Sensex jumped 420 points to end at 18441.16.The adjusted closing are 5577.65 and 18464.27 for Nifty and Sensex respectively.
In BSE sectoral indices,
As stated in the last blog, published weekly on 7th Sept., we had clearly stated that if Nifty fut. sustains above 5365, its resistance, Nifty will touch 5440.Now keep eyes on RBI announcement which is on 17th of this month. Expecting 25 bps cut in CRR will may harm the economy as diesel price hike will be backing to inflation.
Nifty Technical Outlook : Nifty Fut. has given a breakout on weekly chart as well but on the lower volumes.Resistance at 5670-5700 and support at 5440/5265.
In BSE Sectoral Indices, Realty index was the top gainer by 4.78% followed by Metal(4.25%) and Bankex(4.15%) and Helthcare Index was the top loser by 1.24%.
In Nifty50 stocks, Jindalsteel was the top gainer by 7.79% to end at 368.55 whereas Ranbaxy was the top loser by 2.07% to end at 539.85. KFA was the turnover topper by the traded quantity and ICICI Bank was by the traded value.
Advance/Decline ratio was positive as 772 stocks gained and 658 stocks declined on NSE today.
Major Global Indices :
Hang Seng : +582.15
Nikkei : +164.24
FTSE : +93.18
CAC : +70.47
DAX : +109.10
Dow Futures : +60.00
Nasdaq Futures : +15.25
Punters in Indian equity markets celebrated on the Ben Bernanke's decision to pump US$40 millions via bond purchase to improve the U.S. economy and Govt.'s decision to rise diesel prices. But the dark side would be rising inflation because of diesel price hike by 10% at actual.
Nifty ended at 5567.40 by gaining 132 points and Sensex jumped 420 points to end at 18441.16.The adjusted closing are 5577.65 and 18464.27 for Nifty and Sensex respectively.
In BSE sectoral indices,
As stated in the last blog, published weekly on 7th Sept., we had clearly stated that if Nifty fut. sustains above 5365, its resistance, Nifty will touch 5440.Now keep eyes on RBI announcement which is on 17th of this month. Expecting 25 bps cut in CRR will may harm the economy as diesel price hike will be backing to inflation.
In BSE Sectoral Indices, Realty index was the top gainer by 4.78% followed by Metal(4.25%) and Bankex(4.15%) and Helthcare Index was the top loser by 1.24%.
In Nifty50 stocks, Jindalsteel was the top gainer by 7.79% to end at 368.55 whereas Ranbaxy was the top loser by 2.07% to end at 539.85. KFA was the turnover topper by the traded quantity and ICICI Bank was by the traded value.
Advance/Decline ratio was positive as 772 stocks gained and 658 stocks declined on NSE today.
Major Global Indices :
Hang Seng : +582.15
Nikkei : +164.24
FTSE : +93.18
CAC : +70.47
DAX : +109.10
Dow Futures : +60.00
Nasdaq Futures : +15.25
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