8th February 2013 : Closing market updates 17:00
The investor's sentiments were dampened after India's economic growth rate this fiscal is estimated to be sharply lower at 5% announced yesterday. This will be the lowest GDP growth rate in a decade for India.
Nifty dropped 44.35 and ended at 5894.45, below 5900 mark first time after Dec.27,2012 and Sensex ended at 19466.23, lost 114.09 points.
Among BSE sectoral indices, Metal index was the top loser by 1.7 followed by PSU banks,Realty,Auto,Oil&Gas and HC.IT was the top gainer by 0.86%.
In Nifty50 stocks, TCS gained the most by 2.23% closed at 1418.10 and Ambujacem tanked the most by 5.5% and ended at 188.95.
Advance/Decline ratio was negative at 2.65 : 1 as 397 stocks gained whereas 1052 declined today on NSE.
Nifty Outlook :
As recommended in the last week's Nifty Outlook topic, as soon as Nifty Feb.Fut cracked the support of 6020 on 4th Feb, it failed to recover and today it collapsed to 5900. Now it will be interesting to watch whether it will take support at 5860. Buy in dips with a strict sl of 5855 on closing basis. Hold derivative short positions in BankNifty also for target of 12121.
For LIVE Daily intraday & special updates, visit Integrity Financial Consultants' page beside or click on the link below.
https://www.facebook.com/pages/Integrity-Financial-Consultants/262737967138245
Nifty dropped 44.35 and ended at 5894.45, below 5900 mark first time after Dec.27,2012 and Sensex ended at 19466.23, lost 114.09 points.
Among BSE sectoral indices, Metal index was the top loser by 1.7 followed by PSU banks,Realty,Auto,Oil&Gas and HC.IT was the top gainer by 0.86%.
In Nifty50 stocks, TCS gained the most by 2.23% closed at 1418.10 and Ambujacem tanked the most by 5.5% and ended at 188.95.
Advance/Decline ratio was negative at 2.65 : 1 as 397 stocks gained whereas 1052 declined today on NSE.
Nifty Outlook :
As recommended in the last week's Nifty Outlook topic, as soon as Nifty Feb.Fut cracked the support of 6020 on 4th Feb, it failed to recover and today it collapsed to 5900. Now it will be interesting to watch whether it will take support at 5860. Buy in dips with a strict sl of 5855 on closing basis. Hold derivative short positions in BankNifty also for target of 12121.
For LIVE Daily intraday & special updates, visit Integrity Financial Consultants' page beside or click on the link below.
https://www.facebook.com/pages/Integrity-Financial-Consultants/262737967138245
No comments:
Post a Comment