Nifty today manged to recover at the close, making a close at 4,941 down 63 points. Sensex closed at 16,632 down 222 points. The markets rebounded strongly towards close, due to the recovery in Europe Markets. Nifty to made a low of 4806 and a high of 5005. It saw a range of 200 points …
Will the rally continue?
Posted on: November 4th 2009 in Market Outlook.
The markets had been closing in the red for the past 7 days. Sensex fell more than 8% and Nifty 8.5% in the recent downfall. The BSE Smallcap and Midcap index were down 12.15% and 11.08%. All BSE sectoral indices were trading in the red. The realty index was down 23.64%, metal -14.98%, Ba…
Nifty likely to take a pause
Posted on: October 22nd 2009 in Market Outlook.
Markets took rest on Wednesday post Diwali run over the past couple of days. Markets saw some profit booking. Nifty managed to end at 5063 ending 50 points lower, and Sensex closing at 17009 ending 213 points lower. The Auto space in the BSE Sectoral index lead the fall, losing 2.36%. T…
Nifty at new high…surpasses 4650
Posted on: August 24th 2009 in Market News.
At 15:11pm (IST), Sensex surged 417 points at 15,658 and the NSE Nifty surged 123 points at 4,652. Unabated buying have lifted the NSE Nifty above the 4650 levels led by gains in the index heavyweights like Reliance Industries, ICICI Bank, L&T, Infosys, ITC and HDFC. At 3:13 pm (IS…
India’s GDP to average 7.2 pc over next 5 yrs: Economist
Posted on: June 22nd 2009 in Press Releases.
MUMBAI: India’s real GDP growth will average at 7.2 per cent over the next five years even as risks to the global economy continue to remain high, the Economist Intelligence Unit (EIU) has said. The world’s second-fastest growing economy may also see negative inflation for t…
Market Review for 29th May 2009
Posted on: May 28th 2009 in Market Outlook.
BSE Sensex: (14296) we said ‘so far the trend is still intact up…volatility is not ruled out on the F&O expiry day’ the market has generated now an indecisive pattern on the last day of the F&O expiry but so far the trend is still intact up and I would watch the crucial su…
Nifty has resistance at 4370: Reliance Money
Posted on: May 28th 2009 in Market Outlook.
According to Reliance Money’s Morning Notes, as for today’s trade, we may observe lack lustrous action after hectic action in past four trading session. Support for the day exists far lower around levels of 4315-4320 range any move below this range may see indices slipping lower t…
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