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Friday, October 29, 2010
SENSEX | NIFTY in green as ICICI gains
Indian Stock Indices gained after opening lower today as ICICI bank showed 19 percent growth in profits. Stock prices of BHEL are also on rise today, Both BSE's SENSEX and NSE's NIFTY are trading up today with benchmark index up by over 100 points today.
Indian Stock Market top news for today
Indian Stock indices are following a downward trend today as both Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY is trading down.
Following are top news from Stock markets today:
1. SAIL shares down as results disappoint.
2. MSK Projects down on Sept quarter.
3. Atlas Copco shares rise over 8 pc on delisting plan.
4. ONGC Sept revenues are much lower than the expected.
5. Stock price of Tata Global Beverages down as consol lowers.
6. Elgi Equipments stock price up 8 percent.
Wednesday, October 27, 2010
SENSEX | NIFTy down by over .5 percent on choppy trading
Indian stock markets are witnessing selling in stocks of NTPC, LnT, Bharti and HDFC bank, Bombay Stock Exchange’s Sensex is down byover 100 points at time of posting and touched a low of 20135.12 and high of 20220.58 in intraday trading.
The National Stock Exchange's broader index NIFTY is also trading in red today as the global stock markets are looking uncertain.
However the BSE's MIdcap and small cap are up by a quarter percent as Indian investors are showing some purchasing, It is clear that the hold of Indian Retail Investors and Institutonal investors on SENSEX and NIFTY is ngligible as FII does majority of the selling or purchasing and selling whereas Indian investor is confined to Midcap and Small caps stocks.
Monday, October 25, 2010
Stock Pics of today
With SENSEX and Indian stock markets remaining lackluster today, here are the top 5 stock picsk for the day.
1. Bharti Airtel Ltd - buy - target 365
2. JSW Ltd - buy - target 2450
3. Essar Oil Ltd - buy - target 190
4. Raymond Ltd - buy - target 465
5. Bharti Shipyard Ltd - buy - targe 265
HAPPY TRADING !
BSE | NSE witnessing lackluster trading
Major Indian stock indices like Bombay Stock Exchange's SENSEX and National stock exchange's NIFTY are prsetly witnessing lackluster trading sessions today. Both 30 component SENSEX and broader index NIFTY are marginally down wit Banks, Information technology and Capital Goods stock bringing the key index in red.
Bombay Stock Exchange’s Sensex was at 20286.38, down 16.74 points. However the Midcap index was slightly up in intraday trading today.
National Stock Exchange's NIFTY is don by just 2.65 points and is currentlyat 6103 levels thua maintaining abov 6100 leves as o now.
Tuesday, October 19, 2010
SENSEX closes below 20000 mark -down 289 points
Weak global stock market cues provided no support to Indian stock indices today as major indian stock markets like Bombay Stock Exchange and national Stock Exchange closed under 20000 mark and nosedived by over one percent at closing today.
The 30 component Bombay Stock Exchange’s Sensex closed at 19,929.08, down by a whopping 239.81 points. The benchmark index touched a low of 19,923.96 during intraday trading. The large caps or SENSEX components are currently governed by Foreign Institutional Investors and shows very little sentiments of Indian investors, The reason is that SENSEX components stock prices have gone beyond the levels of individual investors which is evident with the rise in midcap and Small cap stock prices today. Global stock markets are today trading lower by over 1 percent as weak results from IBM and Apple Inc dissapointed the investors. Currently I would call that Indian stock Indices particularly 30 component SENSEX and NIFTY are at mercy of Foreign Investors who sell stock if US Stock markets are down WHICH IS NOT GOOD FOR INDIAN STOCK MARKETS.
The smaller stock indices like BSE Midcap Index and BSE Smallcap Index closed up 0.24 percent each.
Sector wise performance for today is as follows:
Apart from BSE Healthcare Index upward movement(which got boosted by Biocon Pfizer deal) BSE IT Index fell 2.22 percent today at closing, BSE Realty Index slipped 1.75 percent and BSE Metal Index declined 1.25 percent.
The broader index Nifty closed at 6,011.10, down by 64.85 points and touched high of 6,127.05 during the day.
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