12.11.09

Daily Market Scan

Posted by ridenifty as

Back to mount 5000, Nifty has once again crossed and closed above 5000 mark. Bulls were in control from the opening trade itself. Some short covering is seen, but it was good buying in cash segment that took Nifty to the coveted range again. After gaining 122 points Nifty finally shut shop at 5003(+2.5%)

Trading Highlights

  • Sterlite(+6.15%), Reliance Infra(+6.04%), JP Associates(+5.63%), HCL Tech(+5.29%) and Tata Steel(+4.69%) were the top gainers in Nifty stocks
  • BPCL(-1.68%), Idea(-0.60%) and Crain(-0.02%) were the top losers in Nifty stocks
  • Advance : Decline in Nifty is 47: 3
  • Index Options PCR is at 1.33
  • India VIX is at 28.96
  • FII's and DII's were net buyers in the cash segment with equities worth Rs. 861 Cr and Rs. 90 Cr respectively.
  • Metals followed by IT led the gains
Domestic Cues
  • Car sales clocked 34% jump in the month of Oct 09
  • Renuka Sugars acquires Brazillian company Vale Do Ivai in a deal worth Rs 377 Cr
  • Indian Exports contracted at a slower rate than previous months at 11%
Global Cues
  • S&P 500 is closed at 1098.51 (+0.5%)
  • USD Index is at 75.10 (+0.07%)
  • Crude Oil is at 78.11(+0.20%)
  • Gold is at 1119.9 (+0.47%)
  • BDI is at 3748 (+3.67%)
  • SGX Nifty has opened + 4 points



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