Quotes with Resistance & Support
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Next hurdle for Nifty

Posted on: October 13th 2009 in Market Outlook.

Sensex managed to close above 17,000 where as Nify above 5050. One reason being why the stock market showed a good momentum was the positive IIP numbers, India’s Industrial Production for the month of August was at 10.4% beating analyst expectations of 9.7%. It rose the most in over 22 …

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Sensex, Nifty gain on global spurt

Posted on: September 11th 2009 in Market News.

Sensex intra-week high of 16,434.7 and low of 15,793 Strong buying from FIIs helped propel the NSE Nifty to a new 52-week closing high. The BSE Sensex closed above 16,000, backed by strong volume. The advance did fizzle out in the last two days of the week. Headwinds such as sluggish loa…

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Sensex may see modest correction in near term

Posted on: September 9th 2009 in Market Outlook.

The index is trading at a P/E of over 19 times. After trading in the range of 15,100-16,000 during the period between the middle of July and September 7, 2009, the BSE Sensex has finally crossed and closed above the upper band. Not only has the Sensex doubled from its multi-year lows (on…

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Sensex succumbs to global pressure

Posted on: August 31st 2009 in Market News.

Sensex lost by 263 points or 1.6% at 15,659 while, Nifty lost 74 points to shut shop at 4,658. After a strong rally of 1,100 points or 7.5%, the Indian markets decided to take a breather. The key indices fell for the first time in seven trading sessions, with the sentiment hurt by yet an…

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September sonnet for stocks: A sliding Sensex?

Posted on: August 30th 2009 in Market Outlook.

Going by history, the stock market could be in for some troubles as September has been the worst month historically for the bourses, but the analysts are still hopeful that the trend may be reversed this time around.Moreover, the analysts here believe that September being the worst month …

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Sensex closes below 14900; HDFC, Grasim down

Posted on: July 22nd 2009 in Market News.

MUMBAI: Indian markets ended in the negative terrain Wednesday as traders booked profits after a recent surge in equities. Capital goods, IT and auto space were down while realty stocks closed a little higher. Bombay Stock Exchange’s Sensex ended at 14840.63, down 221.86 points or 1.47…

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Sensex firm above 15,000; TCS, Infosys, Reliance lead

Posted on: July 20th 2009 in Market News.

MUMBAI: Indian markets were witnessing buying across the board after sentiments turned bullish with better than expected earnings and positive global markets. At 2:10 pm, Bombay Stock Exchange’s Sensex was at 15,082.85, up 337.93 points or 2.29 per cent. The index touched an intra…

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Nifty ends at day’s high; ICICI Bank, Sterlite surge

Posted on: June 26th 2009 in Market News.

MUMBAI: Indian markets ended the first day of July series on a high note on Friday. Buying was seen across the board with frontline stocks outperforming midcap space. National Stock Exchange’s Nifty closed at 4376.20, 134.35 points or 3.17 per cent. The broader index touched an intra-…

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Stocks end lower on F&O expiry

Posted on: June 25th 2009 in Market News.

MUMBAI: Stocks settled on a lower note on the last day of the June derivative series amid volatility. Even the secondline space which was in focus for a major part of the day gave in to profit booking. Sectorwise, consumer durables and automobile stocks were hit while realty and bankin…

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Nifty closes below 4250; Tata Power, RIL fall

Posted on: June 22nd 2009 in Market News.

MUMBAI: Indian indices ended near day’s lows on Monday as traders booked profits across the board ahead of June series F&O expiry. Correction in shares of Reliance Industries pulled down the indices sharply. Negative European markets also kept the markets under pressure. National…

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