17 Jan 2008
Market may do a technical pull back.
Nifty in its early trade yesterday fell into the deep up to 5825 just near its medium term support. In the final hour of trade, Index could recover more than 100 points in its early losses and managed to close above its 50 days simple moving average, 5926. Technically we should see a pullback rally till 6025-6060 levels. Otherwise, the weakness may continue.
Many index heavy weight stocks like Reliance, Reliance Energy, IDBI, Ranbaxy, RNRL etc. are announcing their 3rd qtr results today.
A meeting to decide on fuel price hike to be held today.
The global cue is mixed. US markets extended losses to its daily closing. Dow Jones was falling into red with a loss of 35 points in the final hour of trade. Asian Markets are mixed. Nikkei and Hangseng are in green while Korea and Taiwan are in red.
FIIs were heavy sellers in Indian capital market. Their net selling was for 2517 crores when DIIs' net buying was for 189 crores. This is according to NSE provisional data.
Most of the Indian ADRs are traded in ended in losses at NYSE.
Nifty January 2008 futures were at 5950, at premium of 14.25 points compared with spot closing of 5935.75.
The NSE futures & options (F&O) segment turnover was Rs 80,606.24 crore, which was higher than Rs 65,569.15 crore on Tuesday, 15 January 2008.
Market breadth was negative on Wednesday. NSE advance : declines was 171:1014
Market may do a technical pull back.
Nifty in its early trade yesterday fell into the deep up to 5825 just near its medium term support. In the final hour of trade, Index could recover more than 100 points in its early losses and managed to close above its 50 days simple moving average, 5926. Technically we should see a pullback rally till 6025-6060 levels. Otherwise, the weakness may continue.
Many index heavy weight stocks like Reliance, Reliance Energy, IDBI, Ranbaxy, RNRL etc. are announcing their 3rd qtr results today.
A meeting to decide on fuel price hike to be held today.
The global cue is mixed. US markets extended losses to its daily closing. Dow Jones was falling into red with a loss of 35 points in the final hour of trade. Asian Markets are mixed. Nikkei and Hangseng are in green while Korea and Taiwan are in red.
FIIs were heavy sellers in Indian capital market. Their net selling was for 2517 crores when DIIs' net buying was for 189 crores. This is according to NSE provisional data.
Most of the Indian ADRs are traded in ended in losses at NYSE.
Nifty January 2008 futures were at 5950, at premium of 14.25 points compared with spot closing of 5935.75.
The NSE futures & options (F&O) segment turnover was Rs 80,606.24 crore, which was higher than Rs 65,569.15 crore on Tuesday, 15 January 2008.
Market breadth was negative on Wednesday. NSE advance : declines was 171:1014
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10 Jan 2008