Indian Stock indices closes almost flat - no direction to go

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Most of the major stock indices of India including BSE's Sensex and NSE's Nifty closed slightly up today but witnessed a volatile trade through out the day,
finding it's global peers like Dow Jones Industrials, European markets under stress and getting no direction to follow due to increasing investor consiousness about the predictions of possible stock market correction next month (read complete post).

Thus indian investors are too looking sceptical about the global developments and are playing very safe money till the clouds over possible double dip gets over, FMCG stocks ended in red after investors booked profits from two days of rally in FMCG stocks.

The 30 share BSE's Sensex closed up by just 33 points and was at 18,032.11 at closing today, the index touched the lowed price of 17,960.23 during intraday trading today.

The sectoral indices report card for today is as follows:

Index Name	Last Trade	Change
BSE 30	18,032.11	33.70(0.19%)
AUTO INDEX	8,741.49	31.44 (0.36%)
BANKEX	12,224.60	8.53(0.07%)
BSE - 100	9,662.72	15.12(0.16%)
BSE - 200	2,312.18	3.11 (0.13%)
BSE - 500	7,321.35	10.41(0.14%)
BSE - CAPITAL GOODS	14,631.60	91.22(0.62%)
BSE - CONS. DURABLES	5,803.82	31.34(0.54%)
BSE - FMCG	3,332.30	22.43(0.67%)
BSE - HEALTHCARE	5,549.64	13.24(0.24%)
BSE - INFOTECH	5,373.95	34.41(0.64%)
BSE Mid-Cap	7,640.96	6.25(0.08%)
BSE PUBLIC SECTOR	9,717.32	22.41(0.23%)
BSE Small-Cap	9,636.47	4.48(0.05%)
BSE TECK INDEX	3,374.60	5.66(0.17%)
METAL INDEX	15,128.44	217.62 (1.46%)
OIL & GAS INDEX	10,118.08	25.91 (0.26%)

The broader index National Stock Exchange's Nifty also closed little up today but lacked investor enthusiasm. thua closing a mere 6 points up at 5415 today. The NSE's subindices performance today is as follows:

Index Name	Last Trade	Change
S&P CNX NIFTY	5,415.45	6.75(0.12%)
S&P CNX DEFTY	4,001.20	7.25 (0.18%)
CNX NIFTY Junior	11,828.55	3.15 (0.03%)
S&P CNX 500	4,557.60	6.70 (0.15%)
CNX MIDCAP 200	8,737.45	20.35 (0.23%)
BANK NIFTY	10,747.25	19.80(0.18%)
CNX IT	5,971.25	34.65 (0.58%)

BSE SENSEX | Indian Stock markets ready for correction

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If we go by the predictions about global stock markets prevailing in market, then a correction in Indian stock markets is bound to happen next month...it's a rumor though but who knows if the prediction comes true.

If we see some correction in indian stock markets(while it follow it's global peers) or the second dip in global markets (read full) next month(as the prediction goes) then Sensex might come at levels of 15000 to 16000. Which looks the correct valuation of Indian markets looking at economic conditions presently.

Then RIL should be the worst stock to fell and it would become the best time for longterm investors to invest in correct valued stock after the fall in september 2010.

SENSEX up 46 pts | Nifty up 15 pts today

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Indian Stock market closed a little up today thus ending a five day decline streak, but again witnessed a lackluster day.

Oil and Gas sector stocks, Realty stocks subindices were major losers while Bank and Pharma sector looked a little promising.

Nifty closed at 5477.90, up 15.55 points from yesterdays close and reached the lowest of 5454.70 during intraday trade.

The 30 stock BSE's Sensex also closed up by about 46 points today as the rise of stock was seen mainly in FMCG, Banking sector and Pharma stocks, Sensex closed at 18226.35, up 46.71 points today.

However since the predictions about possible double dip to take place next month are gaining grounds thus despite closing up Market breadth was negative on the NSE with 1,750 declines against 1,483 advances.

BSE live

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You can see live BSE Sensex here in this post, this Sensex ticker have a delay of 10 minutes, but is providing live BSE stock prices for Sensex.

Bse's Sensex | Nse's Nifty closes in deep red

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Indian Stock markets saw heavy selling today throughout the day and both BSE(Bombay Stock Exchange) and NSE(National Stock Exchange) closed in red territory today. BSE Smallcap Index was down by 1.42 percent at closing today.

Must read:
Is USA Ready for second Stock Crash

Looked like the uncertainty about global economic recovery is ever increasing and the rumours about possible US Stock Market crash is also playing in Indian Stock markets which have now become almost sort of a global type. So I think now the downward trend of Bombay Stock Exchange(BSE) and National Stock Exchange(NSE) have begun and would continue till the end of next month.

Today there was heavy stock selling witnesses at the Bombay Stock Exchange as well as National Stock Exchange. All the subindices at BSE were in red throughout with Realty Index leading the losers list with over 3 percent decline. BSE Midcap Index was down 1.49 percent.

The 30 component index Sensex closed at 18179.64, down 131.95 points today. It touched low of 18156 during intraday trading.

majority of the components of SENSEX also closed lower, ACC stock was in green today at closing, Following is table of company wise closing of Sensex:

SENSEX	25 Aug 2010 closing
Company Name	Industry	LastPrice	Change	% Chg	Mkt Cap(Rs cr)	Weight
ACC	Cement - Major	868.05	2.20	0.25	16,314.13	0.59
Bharti Airtel	Telecommunications - Service	316.85	-5.20	-1.61	120,324.74	4.37
BHEL	Engineering - Heavy	2,468.65	-15.10	-0.61	120,845.35	4.39
Cipla	Pharmaceuticals	308.90	-8.35	-2.63	24,802.24	0.90
DLF	Construction & Contracting - Real Estate	311.45	-10.80	-3.35	52,865.62	1.92
HDFC	Finance - Housing	619.50	-5.65	-0.90	90,340.78	3.28
HDFC Bank	Banks - Private Sector	2,193.05	-14.00	-0.63	100,812.47	3.66
Hero Honda	Auto - 2 & 3 Wheelers	1,845.10	-43.90	-2.32	36,844.34	1.34
Hindalco	Aluminium	163.45	-5.00	-2.97	31,275.77	1.14
HUL	Personal Care	267.80	-1.25	-0.46	58,442.52	2.12
ICICI Bank	Banks - Private Sector	984.10	-16.70	-1.67	109,772.29	3.98
Infosys	Computers - Software	2,771.85	6.35	0.23	159,076.78	5.77
ITC	Cigarettes	160.45	0.50	0.31	122,798.85	4.46
Jaiprakash Asso	Construction & Contracting - Civil	115.70	-2.55	-2.16	24,582.02	0.89
Jindal Steel	Steel - Sponge Iron	698.55	0.50	0.07	65,240.59	2.37
Larsen	Engineering - Heavy	1,851.10	-10.00	-0.54	111,652.27	4.05
Mah and Mah	Auto - Cars & Jeeps	615.15	-1.90	-0.31	35,582.40	1.29
Maruti Suzuki	Auto - Cars & Jeeps	1,220.00	-14.10	-1.14	35,247.03	1.28
NTPC	Power - Generation/Distribution	193.60	0.05	0.03	159,632.19	5.79
ONGC	Oil Drilling And Exploration	1,277.45	4.95	0.39	273,230.27	9.92
Reliance	Refineries	968.10	-4.05	-0.42	316,688.52	11.49
Reliance Comm	Telecommunications - Service	163.75	-2.25	-1.36	33,798.44	1.23
Reliance Infra	Power - Generation/Distribution	1,012.50	-10.55	-1.03	24,793.11	0.90
SBI	Banks - Public Sector	2,823.70	-23.25	-0.82	179,272.06	6.51
Sterlite Ind	Metals - Non Ferrous	154.00	1.60	1.05	51,768.67	1.88
Tata Motors	Auto - LCVs/HCVs	991.80	-18.35	-1.82	56,592.11	2.05
Tata Power	Power - Generation/Distribution	1,255.15	-24.80	-1.94	29,785.62	1.08
Tata Steel	Steel - Large	497.25	-16.55	-3.22	44,126.46	1.60
TCS	Computers - Software	870.95	2.05	0.24	170,464.16	6.19
Wipro	Computers - Software	400.25	-8.50	-2.08	98,041.24	3.56

The brodaer index NSE's Nifty also closed lower by 42 points at 5462.32 today.

If the US Stock Markets crashes next month then Indian market too would crash so it's favourite time approaching for purchasing more stocks next month.

Read more about - Stock Investing tips.

BSE | NSE stocks analysis for the day

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Bombay Stock Exchange’s Sensex closed at 18311.59, down 97.76 points or 0.53 per cent. The index touched intraday low of 18260.71 and high of 18451.73.

National Stock Exchange’s Nifty ended at 5503.25, down 40.25 points or 0.73 per cent. The index touched intraday low of 5488.45 and high of 5547.25.

Related Posts for today:
Consolidation of Indian IT Sector
Sectoral performance today
Daily Stock Recommendations
Stock Investing tips
World Stock Indices today

Majority of the components of the 30 stock Bse's Sensex were trading in red, Bharti Airtel was however in green at closing today. The details about BSE's SENSEX companies scrip closing price for today is as given in this table:

SENSEX	24 Aug 16:03
Company Name	Industry	LastPrice	Change	% Chg	Mkt Cap(Rs cr)	Weight
ACC	Cement - Major	865.85	-6.60	-0.76	16,272.78	0.59
Bharti Airtel	Telecommunications - Service	322.05	5.20	1.64	122,299.46	4.41
BHEL	Engineering - Heavy	2,483.75	-17.70	-0.71	121,584.53	4.38
Cipla	Pharmaceuticals	317.25	-0.05	-0.02	25,472.68	0.92
DLF	Construction & Contracting - Real Estate	322.25	-8.60	-2.60	54,698.82	1.97
HDFC	Finance - Housing	625.15	-3.50	-0.56	91,164.71	3.29
HDFC Bank	Banks - Private Sector	2,207.05	10.70	0.49	101,456.04	3.66
Hero Honda	Auto - 2 & 3 Wheelers	1,889.00	-32.80	-1.71	37,720.97	1.36
Hindalco	Aluminium	168.45	-6.95	-3.96	32,232.51	1.16
HUL	Personal Care	269.05	1.15	0.43	58,715.31	2.12
ICICI Bank	Banks - Private Sector	1,000.80	-9.35	-0.93	111,635.10	4.03
Infosys	Computers - Software	2,765.50	-26.85	-0.96	158,712.35	5.72
ITC	Cigarettes	159.95	0.55	0.35	122,416.18	4.41
Jaiprakash Asso	Construction & Contracting - Civil	118.25	-2.50	-2.07	25,123.80	0.91
Jindal Steel	Steel - Sponge Iron	698.05	-10.30	-1.45	65,193.89	2.35
Larsen	Engineering - Heavy	1,861.10	-11.80	-0.63	112,255.43	4.05
Mah and Mah	Auto - Cars & Jeeps	617.05	-7.00	-1.12	35,692.30	1.29
Maruti Suzuki	Auto - Cars & Jeeps	1,232.10	-11.50	-0.92	35,596.61	1.28
NTPC	Power - Generation/Distribution	193.55	-0.35	-0.18	159,590.96	5.75
ONGC	Oil Drilling And Exploration	1,272.50	-10.35	-0.81	272,171.53	9.81
Reliance	Refineries	972.15	-4.25	-0.44	318,013.38	11.47
Reliance Comm	Telecommunications - Service	166.00	2.00	1.22	34,262.85	1.24
Reliance Infra	Power - Generation/Distribution	1,023.05	-21.30	-2.04	25,051.45	0.90
SBI	Banks - Public Sector	2,846.95	24.35	0.86	180,748.16	6.52
Sterlite Ind	Metals - Non Ferrous	152.40	-6.30	-3.97	51,230.81	1.85
Tata Motors	Auto - LCVs/HCVs	1,010.15	-4.45	-0.44	57,639.16	2.08
Tata Power	Power - Generation/Distribution	1,279.95	-8.20	-0.64	30,374.14	1.10
Tata Steel	Steel - Large	513.80	-7.60	-1.46	45,595.13	1.64
TCS	Computers - Software	868.90	1.60	0.18	170,062.93	6.13
Wipro	Computers - Software	408.75	-3.45	-0.84	100,123.31	3.61

Sectorwise also it was a similar story at BSE today, apart from the FMCG sub index majority of other indices remained in red throughout the day.

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Following are the sectorwise performance of the Bombay Stock Exchange today:

Index Name	Last Trade	Change
BSE 30	18,311.59	97.76(0.53%)
AUTO INDEX	8,893.93	21.41 (0.24%)
BANKEX	12,537.50	60.44(0.48%)
BSE - 100	9,820.09	53.97(0.55%)
BSE - 200	2,351.75	14.35 (0.61%)
BSE - 500	7,452.76	44.36(0.59%)
BSE - CAPITAL GOODS	14,870.79	93.87(0.63%)
BSE - CONS. DURABLES	5,968.79	28.21(0.47%)
BSE - FMCG	3,350.90	11.00(0.33%)
BSE - HEALTHCARE	5,655.29	8.05(0.14%)
BSE - INFOTECH	5,510.26	37.38(0.67%)
BSE Mid-Cap	7,831.83	55.20(0.70%)
BSE PUBLIC SECTOR	9,736.83	77.38(0.79%)
BSE Small-Cap	9,900.89	67.30(0.68%)
BSE TECK INDEX	3,441.00	14.89(0.43%)
METAL INDEX	15,181.42	300.70 (1.94%)
OIL & GAS INDEX	10,174.50	55.81 (0.55%)

The Sub indices of the National Stock Exchange were also trading in similar line today, The global uncertainity and Profit booking led a downfall in indian Stock markets, Following are the sub indices performance for National Stock market for today:

Index Name	Last Trade	Change
S&P CNX NIFTY	5,505.10	38.40 (0.69%)
S&P CNX DEFTY	4,066.60	50.15 (1.22%)
CNX NIFTY Junior	12,062.55	82.45 (0.68%)
S&P CNX 500	4,624.85	30.90(0.66%)
CNX MIDCAP 200	8,942.20	60.15 (0.67%)
BANK NIFTY	11,043.00	52.50 (0.47%)
CNX IT	6,117.60	61.35 (0.99%)

DLF, Sterlite, reliance infrastructure led the list of major losers for the day.

Market breadth was negative on the BSE with 908 declines against 423 advances.