Market Outlook 4th October 2011
Market Outlook 4th October 2011
Market Outlook 4th October 2011
India Research
October 4, 2011
Dealers Diary
The market skidded to one-week low in early trade on weak Asian shares. Weakness continued in morning trade. The market trimmed losses in mid-morning trade. Intraday recovery witnessed in mid-morning trade short-lived as key benchmark indices hit fresh one-week lows in early afternoon trade. Key benchmark indices once again came off lows in afternoon trade. The market traded off one-week low in mid-afternoon trade. The Sensex and Nifty closed lower by 1.8%, and 1.9%, respectively. The mid-cap and small-cap indices lost 1.9% and 1.5%, respectively. Among the front runners, Coal India, ONGC, Hero MotoCorp, Mahindra & Mahindra and Bharti Airtel gained 0-1%, while DLF, Jindal Steel, Hindalco Inds, Tata Steel and Sterlite Inds lost 4-8%. Among mid caps, Kansai Nerolac, Educomp Sol, Glaxosmithkl Cons, Rallis India and Zuari Inds gained 2-4%, while Sintex Inds, Shipping Corp, Anant Raj Inds, Dewan Housing and JSL lost 6-12%.
Domestic Indices BSE Sensex Nifty MID CAP SMALL CAP BSE HC BSE PSU BANKEX AUTO METAL OIL & GAS BSE IT Global Indices Dow Jones NASDAQ FTSE Nikkei Hang Seng Straits Times Shanghai Com
Chg (%) (1.8) (1.9) (1.9) (1.5) (0.6) (0.9) (2.8) (0.4) (4.0) (0.8) (1.5) Chg (%) (2.4) (3.3) (1.0) (1.8) (4.4) (2.0) (0.3)
(Pts) (93.8) (116.2) (101.9) (36.0) (65.6) (33.0) (66.3) (79.5) (Pts) (79.6) (53.0) (154.8) (53.8) (6.1)
(Close) 4,850 6,013 6,779 5,832 7,338 8,465 8,428 5,196 (Close) 2,336 5,076 8,545 2,621 2,359
(302.3) 16,151
Markets Today
The trend deciding level for the day is 16,155/4,851 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 16,25316,354/4,8784,906 levels. However, if NIFTY trades below 16,155/4,851 levels for the first half-an-hour of trade then it may correct up to 16,05315,955/4,8234,796 levels.
Indices SENSEX NIFTY S2 15,955 4,796 S1 16,053 4,823 R1 16,253 4,878 R2 16,354 4,906
(258.1) 10,655
(770.3) 16,822
Indian ADRs Infosys Wipro ICICI Bank HDFC Bank Advances / Declines Advances Declines Unchanged Volumes (` cr) BSE
News Analysis
Auto sales numbers - September 2011 Cement Dispatches September 2011 Cairn India strikes gas in Sri Lankan block
Refer detailed news analysis on the following page
Net Inflows (September 30, 2011) ` cr Purch Sales FII MFs 6,194 319 6,504 476
FII Derivatives (October 03, 2011) ` cr Index Futures Stock Futures Gainers / Losers Gainers Company BPCL HPCL Educomp Sol. JP Power Glaxo. Cons Price (`) 681 379 246 35 2,394 chg (%) 5.3 3.6 3.1 2.8 2.8 Company Sintex Industries Shipping Corp. DLF JSW Steel Mundra Port Losers Price (`) 112 75 202 550 154 chg (%) (12.4) (9.6) (7.8) (7.1) (6.5) Purch 2,174 1,201 Sales 2,645 1,380 Net (471) (179) Open Interest 12,562 25,911
2,150 8,683
NSE
Corporate News
RIL seeks approval to sell CBM gas at US$13/mmBtu Reliance Power to get `2,000cr in carbon credits by trading carbon credits Workmen at Ceats Nasik factory resort to a flash illegal strike Dainik Bhaskar picks up 2.7% stake in Edserv Softsystems
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
October 4, 2011
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October 4, 2011