Wednesday, 10 February 2016

INDIAN BENCHMARKS MARKET WRAP-UP UPDATES


INDIAN BENCHMARKS: SENSEX NIFTY ENDS AT 21 MONTHS LOW
Domestic equity benchmarks tumbled to hit new 52-week lows tracking weak global trends and a fresh slump in crude oil prices before paring some of the losses in the afternoon session, taking cues from a strong opening in European markets. 

Earlier both the equity benchmarks bled in morning trade. Nifty50, Sensex and Nifty Bank all hit their fresh 52-week lows, with Nifty50 hitting the lowest level since May 30, 2014, down 20 per cent from its all-time high point of 9,119.20. A 20 % fall in the index from its recent peak signifies the onset of a bear phase. However, to confirm the same, the index has to spend some time at this level. 

Coal India (up 1.57 per cent), L&T (up 0.73 per cent), Maruti (up 0.72 per cent), Reliance Industries (up 0.61 per cent) and Infosys (up 0.08 per cent) provided support to benchmark index. Tata Motors (down 6.04 per cent), SBI (down 4.82 per cent), Adani Ports (down 3.57 per cent), HDFC (down 3.24 per cent) and Cipla (down 3.17 per cent) were the biggest losers in the Sensex. 

UPCOMING RESULTS:
BHEL, BANKINDIA, COALINDIA, HEROMOTO, IGL, JUBLFOOD, ONGC, SBI, VOLTAS, ORIENTBANK

HEADLINES OF THE DAY

  • Bata India Q3: Net Profit at Rs44.5 Crore
  • Bharat Forge arm forms JV with Rafael Advanced Defense Systems
  • Tata Chem Q3 Net Profit falls 45.4% (YoY)

The crucial resistance for Nifty SPOT is now seen at 7275 and above this 7326. Support for the immediate term is now placed at 7176 and next support will be 7109.

Related Posts:

  • Performance Of The Day CS PERFORMANCE MESSAGE: STOCK FUTURES: FUTURES INTRADAY: DIVIS LAB FUTURE BUY CALL 2 TGT INFY FUTURE BUY CALL 1 TGT                               … Read More
  • INDIAN BENCHMARKS NEWS UPDATES INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 29 points higher. Indian equity benchmarks are set to witness a firm opening on Tuesday tracking a positi… Read More
  • MCX Bullion News Updates Gold prices-Gold struggled to recover from overnight losses on Tuesday as a relentless slide in oil prices dented demand for the metal, often seen as an inflation-hedge. In the absence of strong trading cues and liquidity,… Read More
  • Despite the fall in sensek stocks life time high expected returns, so good Domestic stock market to 2015 is very special. Benchmark Nifty Trading Tips index, sensek, and 7 per cent for the first time in four years of negative returns.Despite this, this year, some stock are such t… Read More
  • Corporate News Update CAPITALSTARS  DAILY CORPORATE NEWS TCS collaborates with AIMS to launch OPD process Tata Consultancy Services (TCS), a leading global IT services firm has said that it has collaborated with the All India Institu… Read More

0 comments:

Post a Comment

Blog Archive

Powered by Blogger.