Sensex and Nifty go below the psychologically crucial 27,300 and 8,150 levels - ShareTipsInfo

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SHARETIPSINFO.COM [email protected] sep 9 th ,2014 POST MARKET REPORT Major Headlines: Market Summary: Microeconomic Front: Corporate Front: Commodity Updates: Top Gainers & Losers: Global Signals: Sectoral & Stock Screening:

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Indian equity markets surrendered to selling pressure on Tuesday, which took both Sensex and Nifty below the psychologically crucial 27,300 and 8,150 levels respectively, with loss of around quarter of a percent.

Transcript of Sensex and Nifty go below the psychologically crucial 27,300 and 8,150 levels - ShareTipsInfo

Page 1: Sensex and Nifty go below the psychologically crucial 27,300 and 8,150 levels - ShareTipsInfo

SHARETIPSINFO.COM

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sep 9th,2014

POST MARKET REPORT

Major Headlines:

Market Summary:

Microeconomic Front:

Corporate Front:

Commodity Updates:

Top Gainers & Losers:

Global Signals:

Sectoral & Stock Screening:

Page 2: Sensex and Nifty go below the psychologically crucial 27,300 and 8,150 levels - ShareTipsInfo

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Sensex, NIFTY fall on profit booking seen in blue chips.

INDIAN EQUITY MARKET FELL ON TUESDAY FROM THEIR RECORD HIGHS HIT IN PREVIOUS SESSION,

INVESTORS PREFERRED TO BOOK PROFITS IN BLUE CHIPS STOCKS.

Major headlines:

Bharat Forge offloads 50% stake in Import Autom ative

RBI says 70 years upper age for private bank CEOs.

India to revise GDP measurement next year, economy may

be larger.

INDEX PERFORMANCE

Index Close % Chg

Sensex 27265.32 -0.20

Nifty 8152.95 -0.26

Indian Indices: Indian equity markets surrendered to selling pressure

on Tuesday, which took both Sensex and Nifty below the

psychologically crucial 27,300 and 8,150 levels respectively, with loss of around quarter of a percent. Markets right from the start of the trade

traded downbeat in absence of any positive trigger, rather they

gradually kept losing ground until late deals when some buying activity

took place, which lifted markets from day’s low point. Besides, absence of any positive triggers at domestic front, negative global cues, also

added to the pressure of Indian equity markets. Finance Ministry

informed Moody's that the Budget 2014-15 has provided an impetus to growth and the government is taking steps to keep the fiscal deficit

under check. Indian economy witnessed better than expected growth in

Q1FY15. However, the session turned out to be yielding for broader indices, which went home with gains in the range of 0.25%-0.45%

respectively.

The BSE Sensex ended lower by 54.53 points or 0.20% at 27265.32

after trading in a range of 27177.09 and 27328.27. There were 15

stocks advancing against 15 stocks declining on the index. The broader indices ended in green; the BSE Mid cap index was up by 0.51%, while

Small cap index up by 0.31%. (Provisional)

The CNX Nifty edged lower by 21.60 points or 0.26% at 8152.30 after

trading in a range of 8126.50 and 8174.55. There were 22 stocks advancing against 28 stocks declining on the index. (Provisional)

MARKET INDICATORS

Top Movers (Group A)

Company Cmp % chg

Gainers

Ashokley 40.70 5.44

NHPC 22.50 5.14

IDEA 174.75 5.05

Bhushanstl 116.65 5.00

Losers

Sobha 429.85 -3.99

Unitech 22.65 -3.21

Torentpoer 156.75 -3.12

Nationalum 84.35 -2.54

Market Statistics

BSE NSE

Advances 1667 748

Declines 1338 693

Corporate Front: The Centre today favoured cancellation of

coal blocks allocation which were declared as illegal by the Supreme Court. In sum and substance, cancellation of coal

block allocation is a natural consequence. Centre told the apex

court. Retention of 46 blocks, which are in operation or to be operated soon, should be considered.

Market Sentiment: The market breadth on the BSE remained in the favour of advances; advancing and

declining stocks were in a ratio of

1667:1338, while 95 scrips remained unchanged.

Page 3: Sensex and Nifty go below the psychologically crucial 27,300 and 8,150 levels - ShareTipsInfo

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Macroeconomic front:

Days after leading global rating agency Moody’s warned that a high fiscal deficit and elevated inflation

were impairing India’s credit rating, officials from the Indian Finance Ministry have called on the rating

agency to upgrade the country’s credit rating given the steps unveiled in the Union Budget 2014-15 to stem the fiscal shortfall and revive growth to higher levels.

On the global front: Asian stock markets concluded mixed on Tuesday as profit-taking and a sharply higher dollar exerted

both positive and negative impacts on the region. Meanwhile, European equities were trading lower on

Tuesday as gains for shares in companies including Telecom Italia and ABB were offset by weaker

energy shares following a sharp decline in crude oil prices.

Commodity Updates:

Commodity Prices (MCX):

Commodity Rs % Chang

Gold-3 Oct 27277 0.27

Silver-5 Dec 41999 0.47

Crude oil-19 Sep 5659 1.25

Natural Gas-25 Sep 235.00 0.0

Alluminium-30 Sep 124.65 -1.15

Copper-28 Nov 427.25 -0.54

Nickel-30 Sep 1186.80 -1.29

Global signals:

European Markets were trading in the red; Germany’s DAX was down by 0.13%, France’s CAC was down

by 0.14% and UK’s FTSE 100 was down by 0.16%.

Asian markets ended mostly in green on Tuesday,

following gains on Wall Street despite poor Japanese

growth data. Hong Kong market was closed on account

of the day following the Chinese Mid-Autumn Festival holiday. Bank of Japan board members at the August

meeting said the focus for policymakers should be the

underlying trend in prices as they assess whether sustained 2% inflation is possible by 2015, the minutes

showed. Japanese Household Confidence rose to a

seasonally adjusted annual rate of 41.2. Taiwanese Trade Balance rose to a seasonally adjusted annual rate

of 4.11B, from 2.61B in the preceding month.

Top Nifty Movers:

The top gainers on Nifty were Cipla up by 2.53%, Coal India up by 1.89%, Indusind Bank up by

1.63%, ITC up by 1.50% and Tata Motors up by

1.41%. On the flip side, Tech Mahindra down by 1.84%, Asian Paints down by 1.63%, HCL Tech

down by 1.52%, DLF down by 1.47% and Bajaj

Auto down by 1.47% were the top losers. (Provisional)

Top Sectoral & Stock Screening:

The gaining sectoral indices on the BSE were Consumer Durables up by 1.75%, FMCG up by 0.86%,

Power up by 0.59%, Infrastructure up by 0.48%, Auto

up by 0.34% while, Realty down by 1.11%, IT down by 0.82%, Oil & Gas down by 0.49%, TECK down by

0.45%, Capital Goods down by 0.43% were the losing

indices on BSE. (Provisional)