SENSEX | NIFTY witness blood bath closes in deep red

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Major Indian stock markets like the Bombay Stock Exchange and National stock exchange's benchmark indices 30 component SENSEX and broader index NIFTY witnessed heavy selling similar to what is being witnessed at global stock markets and news that second dip of 2008 recession has arrived with world stock markets setting back by over 4 percent.

With SENSEX closing today at a 14 month low and world stock indices witnessing second dip, the future probably looks very bleak to investors who are taking their money out and would probably invest in gold for better returns, So I would not be surprised if gold hits a new record now.

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SENSEX | NIFTY follow global peers closes down

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With nothing of it's own the Indian stock markets like Bombsy Stock Exchange and National Stock exchange closed in deep red yet again as investors and FII sold their stocks on lines of global markets today. benchmark SENSEX losing 250 points today and broader index NIFTY also closing down by nearly 75 points.

28 out of 30 components of SENSEX closed in deep red with Auto, Realty, FMCG leading the losers ranking today.

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NSE NIFTY prediction for tommorow 4-8-2011

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Indian stock markets are currently in downward trend, and investors are very cautious, so how might NIFTY behave tommorow, this will give you fair idea about how NSE NIFTY might perform tommorow:

Tomorrow is last chance for bulls to strike back in week and lift nifty above 5444 then above 5488. if they fail to do then bears will keep on pulling the index down. Breaking 5466-88 level will create panic and next good support available only at 5177. Closing below 5177 will take down nifty to unexpected levels.

So keep fingers crossed and watch US Stock closely today.

Indian stock markets analysis for today 3-8-2011

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Benchmark indian stock indices like the Bombay Stock Exchange's 30 component SENSEX and National Stock Exchange's NIFTY closed in red today by nearly 1 percent. All the sectoral indices at both National Stock exchange and Bombay stock exchange also remained in red today.

Bombay Stock Exchange's large-cap Sensex closed at 17940.55, down 169.34 points. The 30-share index touched intraday low of 17859.50 today.

National Stock Exchange's broader index Nifty closed at 5404.80, down 51.75 points. The broader index touched a high of 5422.60 in daytrade today.

Major Stocks Updates from BSE and NSE are as follows:

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NIFTY futures for tomorrow 3-8-2011 and week

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With global economic uncertainity at all high and US economy in shatter mode, Indian stock markets are also following it's peers and is in downward mode.

If Nifty Breaks 5466-88 level will create panic and next good support should be available at 5177 level. Closing below 5177 will take down nifty to unexpected levels. any growth above 5511 will put nifty in range bound for rest of this week. so bulls have to keep 5444-spot as stoploss for all longs.

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BSE SENSEX at 1.5 month low | NIFTY down

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Global uncertainity and US debt deal could not lift the global markets spirits as benchmark Indian stock indices closed lower today. The 30 component BSE's SENSEX and National Stock Exchange's NIFTY closed at 1.5 months low today. Both SENSEX and NIFTY closed down by over 1 percent today. Rise of bsis points by RBI still a reason for slowing economic growth.

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