Indian stock markets SENSEX | NIFTY witness biggest monthly fall in 2 years

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The benchmark indian stock indices like Bombay Stocks exchange's 30 component SENSEXand national stock exchanges has fallen steepest in january 2011 in last two years, thus showing the volatility in markets.

This correction in Indian Stock markets was long awaited as earlier the stock markets were overpriced. In a normal circumstance when the Dow Jones Industrial Average is at 14K leveles then only indian stock indices like SENSEX should be at 21k levels.

The 30 component SENSEX has already fell 10.6 percent in this month, making it biggest monthly fall in 2 years. SENSEX finally down by 68.2 points to close at 18,327.76 today. whereas the broader index Nifty closed down by 0.1 percent at 5,505.90 points today.

Indian Stock indices closes at 5 month low

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The downward trend of Indian Stock Markets continued for 3rd week as major indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed down and nearly at 5 month's lowest levels.

The 30 component SENSEX finally closed down by nearly 1.5 percent. The benchmark index SENSEX closed at 18395.97 down by 288.46 points whereas 50-share NSE Nifty closed down by 1.6 percent to 5,512.15 points.

Market breadth remained negative with only 1/6 share rising.

Profit booking brings SENSEX | NIFTY down

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Major Indian Stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed down today as investor's booked profits from past growth spree. Infosys, Larson and Toubro, SBI stocks were sold the most today.

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Bombay Stock Exchange’s 30 component Sensex closed at 18978.32, down 113.73 points. The large-cap index touched a high of 19167.06 in Intraday trading.

The National Stock Exchange's broader index NIFTY closed lower by 33 points and was at 5691.05 touching a low of 5662.55 in intraday trading.

Sector wise updates for BSE:

BSE Midcap Index CLOSED up 0.15 percent and BSE Smallcap Index moved 0.09 per cent in green. BSE Capital Goods Index declined 1.20 percent, BSE IT Index fell by 1.18 percent and BSE Oil&gas Index closed down 1.15 percent. BSE Metal Index was however up 1.78 percent and BSE Realty Index advanced 1.66 percent.

SENSEX closes above 19K | TCS up over 5 percent

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The purchasing momentum for Tata Consultancy Services stock continued for the second day thus moving stock price up by over 5 percent today. Major Indian Stock indices like Bombay Stock Exchange's 30 component SENSEX and National Stock Exchange's NIFTY closed up by 1 percent today. The benchmark index SENSEX closed above the 19000 levels today.

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The National Stock Exchange's NIFTY closed at 5,724.05 points up by 69 points today. Software stocks and Metals remained largest gainers today with IT index closing up by 2.60 percent with all the major companies stock price rising today.

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BSE's metal index also rose by 2.31 percent with stock price of Tata Steel, JSW and Sterlite Industries rising. All the sectoral indices also closed up today.

Sector-wise performance of BSE:

Symbol	Name	Last Trade	Change
BSE-AUTO.BO	AUTO INDEX	10,162.24	56.01 (0.55%)
BSE-BANK.BO	BANKEX	13,121.12	333.16 (2.48%)
BSE-100.BO	BSE - 100	10,685.49	29.74 (0.28%)
BSE-200.BO	BSE - 200	2,538.85	6.64 (0.26%)
BSE-500.BO	BSE - 500	7,981.61	19.87 (0.25%)
BSE-CD.BO	BSE - CONS. DURABLES	6,416.70	37.94 (0.59%)
BSE-FMCG.BO	BSE - FMCG	3,755.72	62.69 (1.70%)
BSE-HC.BO	BSE - HEALTHCARE	6,822.03	58.69 (0.87%)
BSE-IT.BO	BSE - INFOTECH	6,820.54	3.56 (0.05%)
BSE-MIDCAP.BO	BSE Mid-Cap	7,853.03	20.15 (0.26%)
^BSESN	BSE SENSEX	20,498.72	62.33 (0.30%)
BSE-SMLCAP.BO	BSE Small-Cap	9,841.17	3.88 (0.04%)
BSE-TECK.BO	BSE TECk INDEX	4,042.03	7.36 (0.18%)
BSE-METAL.BO	METAL INDEX	17,890.55	68.95 (0.38%)
BSE-OILGAS.BO	OIL & GAS INDEX	10,735.56	136.74 (1.29%)

TCS skyrockets | SENSEX, NIFTY closes in green

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Well the news for today coming from Dalal street is good as Indian Stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed up. However Stock price of country'e largest IT exporter Tata Consultancy Services closed up by 1.7 percent as it recorded a whopping 30 percent increase in profit, thus easily surpassing it's nearest rival INFOSYS and showing that it is less dependant on US, which is bread and butter provider for INFY and has not come out of downturn still.

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The Quarterly result of TCS is as follows:
Operational Income rose to Rs 9,663.35 crore, up by nearly 27 percent. The company added 20k employees(again surpassing Infosys). Whats important is that company has decleared divident of 200 percent.

Coming to stock markets today, NSE's broader index Nifty ended at 5654.75, up just a 0.20 points. The index touched a high of 5696.15 in intraday trading. The 30 component benchmark index SENSEX closed up by 21.81 points today at 18882.25, The index touched a low of 18779.38 during trading hours today.

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Sectorwise updates of BSE for today:
BSE Realty Index closed down by 2.37 percent, BSE Metal Index fell 1.32 percent and BSE Capital Goods Index also declined by 1.17 percen whereas BSE IT Index was up 1.73 percent because of TCS, BSE Bankex moved 0.23 per cent higher and BSE FMCG Index also moved 0.16 percent in green.
HAPPY TRADING

SENSEX | NIFTY closes below crucial levels

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The downward trend at both Indian stock markets The Bombay Stock Exchange and National Stock Exchange closed down and below the crucial levels today.
The 30 component benchmark index SENSEX closed at 18860.44 down by 322 points today, While National Stock Exchange's broader index NIFTY closed at 5654.55 down by 97.35 points.

Indian Stock Indices | SENSEX and NIFTY smiles at close

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Major Indian stock indices saw a sight of relief today as it ended the 5 day downward trend by closing up by more then 1 percent, thus displaying that investor's confidence is back as heavy stock purchasing was seen today.

Vibrant Gujarat submit attracted about 11 lac crores of investment in MOU's which is huge number even if 20 percent of MOU's signed becomes a ground reality. This showed that Indian corporate houses are having lot of confidence in investing in Inddia particularly Gujarat which has it's economy booming by 11 percent (Above the national Average) and boasting of Ahmedabad as third fastest growing city in world. Kudos to Narendra Modi for such unparallel governance and Industrial policies.

The bad news for today is that the industrial production declined to 2.7 percent in Nov 2010 from 11 percent in Oct 2010.

Coming to today's analysis of Bombay Stock Exchange's Sensex is that it closed at 19534.10, up 337.76 points, IT stock led the list of gainers as strong numbers are expected in last quarter. The 30 component largecap index touched high of 19574.63 during intraday trading today.

The National Stock Exchange's NIFTY also remained in upbeat mood through out the day. The broader index NIFTY closed up by 109.15 points at 5,863.25.

For Full tracking of SENSEX in January 2011 click here.

SECTORAL PERFORMANCE FOR TODAY:

Majority of the sub-indices of Bombay Stock Exchange also followed SENSEX and remained in green through out the trading sessions today.
BSE Midcap Index closed up by 1.68 percent and BSE Smallcap Index moved 1.42 percent in greener side. BSE Realty Index moved up by 3.27 percent, BSE Metal Index gained 2.80 percent and BSE Bankex followed 2.66 percent. BSE Capital Goods Index was on the wrong side and closed down 0.18 percent.

HAPPY TRADING!

Top 5 news from Bombay Stock Exchange for today

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The Bombay Stock exchange closed lower today and so did the National Stock Exchange's NIFTY.

Top news from Indian stock markets coming today were following:

1. iGate open offer at Rs 503.50 to Patni shareholders.
2. Alfa Laval shares gain on MS upgrade
3. Hindalco up as CLSA raises earnings estimate
4. Tejas Aircraft included in Airforce.
5. TCS, INFY down as Q3 time approaches.