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Sensex closed in green after Mumbai terror attack , Today was also considered the last day for the November settlement. It closed the day at 9,092.72 gaining almost 66 points but it really swung like 268.44 points between an high of 9,157.62 and low of 8,889.18.
Sensex and NSE to remain Close Thursday after terrorist attack in mumbai,earlier it was told they might have the NSE running and everyone can come there and do the trading now sebi has announced both eh market will remain close due to terrorist attack in various places.Trading on Bombay Stock Exchange and National Stock Exchange markets will remain closed on Thursday.RBI will soon decide if there will me money market or not.
Sensex after a very volatile session closed at 9,026.72 index climbed 331.19 points.The sensex was almost up in the last 1 hr , The banking stock helped the sensex reach this level today.ICICI Bank and HDFC Bank shooting up almost more than 8 percent.Anyway tomorrow was settlement in the derivatives segment so they would have tried to long pending position which would have had the stock to reach this level.At least it closed above the 9000 level.
Tomorrow will be more interesting as the Inflation data is coming and everyone are expecting anytime from RBI to cut the CRR.
Sensex which had almost surged 200 points from starting is in red now , The market opened the day with support from US market and the Stimulas package that was given to Citibank , but now its almost at red .European market is kind of choppy and may be Sensex is retariating that.Yesterday Finance Minister P Chidambaram said that India is likely(common say it will no likely here)to miss the revenue and fiscal deficit targets in the current financial year as the government wants to spend additional money to boost the aggregate demand in the economy which has shown signs of slowing down. Thus, he said, the Centre would have to go for additional borrowings this year to meet higher expenditure. Higher government borrowing will restrict a further fall in interest rates. So all these line means there is more cut thats in the way.
Sensex down by more than 400 points or so due to global bourses melt down , bifty down by almost 123 points or do , Realty down by 7 percent or so ,Bank down by more than 6 percent , Metal,Auto and Power sector almost all down by more than 5 percent.Asian market aslo over all down between 2 to 7 percent.Inflation data also have eased for this week will talk about that in the next post.
Sensex started the market down by almost more than 300 points and it was in red the whole day , lot of factors weighed in almost i can see finance minster doing whatever possible speech to get the market up nothing was working , he was saying Government is taking all the measure to bring the economy up , he was saying there might be some excise duty cut which might increase the factory output.He was also saying that India might miss the 200 billion dollar annual export target for this year.RBI governor told RBI is ready to take necessary action at the right time .So there was nothing that helped the market to go up .The SENSEX was down by 354 points to close at 8937 points.
| Sensex started as if it would close green only but it saw a very big swing today it recovered 330 points but closed down by 94.91 points or 1.01% to 9,291.01 after swinging 479 points in volatile trade between the day’s low of 8956 and high of 9435 .At least it closed above 9000 points. |  |
Market in fact opened in green after weekend announcement by RBI that it will shield the Indian economy from the global economic slowdown .But the market started broking down after seeing all it neighbors started going down , Japan for the first time in seven years went clipped to recession in the third QTR of the year.
Realty sectors are the worse hit sector today as it had concerns if the banks would them loan.
Sensex saw another crash today , Market was down almost 303 points or almost 3 percent to close at 9,536.33, This is good compared to the 500 points crash that happened midway before closing , Market totally has gone down by 1000 points or so for 2 days , Whole Asian market was in RED,Sensex had some relief in the middle when the industrial data came out but that also dint stand for more than some hour.
Whatever points that came in yesterday is gone now and its just some points to go below 10000 points , People always ask me why is it going down this much i ask them back why are you not asking me the same question when the sensex is up , So nothing has changed in the middle for the past 2 months other than liquidity control that was made by RBI and other countries central bacnk , w eill be hearing lot of bankruptcy filings and job layoff , production down and more issue that will have the makret down to knee , just catch on to your money and invest in stock that have very good order book and good profit margin.
What moved the market
> Global market Que
> Financial crisis in US
> The export detail came in today which is down in like five years and it has declined by 15 percent in India’s exports in dollar terms.This reflected on many export oriented company and the stock price of those are battered.
Market had a very good postive session like our test cricket match , finally sensex won by almost 600 points.It was way up from the morning session supported by Global Cue Sensex finally closed up by 571 points or so.
What moved the market
>Positive global cues
>China’s USD 586 billion economic stimulus package.
Sector Movement
Metal sector,power, capital goods, telecom, oil & gas and technology sectors. Midcap and small cap stocks were all in green.
Market Points
SENSEX 10,536.16 up by 571.87 or up by 5.74 Percent
MIDCAP 3,475.09 up by 119.71 or up by 3.57 Percent
SMLCAP 3,988.03 up by 87.93 or up by 2.25 Percent
BSE-500 3,876.32 up by 186.10 or up by 5.04 Percent
Its obvious with the global market and asian market performing well over friday and monday and with RBI taking a decision of releasing 40,000 crore over weekend , we expected this raise and its kind of good that it just sttod there for the whole day thats a good sign but when you talk globally nothing kind of got like fixed over a week or its just there is good liquidty everywhere so market is going smooth , but the worry of company performance is going to hot the market again and sure we will see the market go down again.
Top Gainer
Scrip Code Company LTP Change % Change 532922 EDELWEISS CA 354 89 33.58 532709 RIL NAT RES 53.75 10.2 23.42 530773 IVRCL INF PR 104.05 19.35 22.85 532617 JET AIRWAYS 191.7 35.3 22.57 526881 FINANC TECHN 625.95 115 22.51 532778 LANCO INFRA 137.75 24.25 21.37 500185 HINDUS CONST 49.85 8.5 20.56 500390 REL INFRA 535.1 78.35 17.15 502742 SINTEX INDUS 171.7 24.85 16.92 532696 EDUCOMP SOLN 2,600.50 374.8 16.84 532822 IDEA CELL 49.25 6.5 15.2 532868 DLF LTD* 253.05 32.8 14.89 500253 LIC H. FINAN 223.95 28.4 14.52 532648 YES BANK 77.65 9.75 14.36 500040 CENTURY TEXTILES AND INDUSTRIE 189.55 22.5 13.47 532532 JAIPRAK ASSO 81.45 9.6 13.36 532399 ADLABS FILMS 184.95 21.35 13.05 532144 WELSP GUJ SR 130.25 14.9 12.92 532659 INFRA DEVFIN 65.1 7.4 12.82 523574 PANTAL RETAI 228.4 25.3 12.46
Sensex up by more than 800 points after it opened and now its almost maitianing that level , Most of the stocks are tradin in green , but not sure why those company which showed bad results are also in green like welspun and Suzlon energy .Sure the reason for the raise is global market and also some domestic economic news like inflation has come down to 10.6 or so .
After a big fall in Us market indian market responded to it , it was even down by like 700 points or so during noon , Sensex closed at 15,128.04, down 2.85% or 444.14 points after hitting an intraday high of 15,202.74 and low of 14,846.18. The Nifty ended at new closing low of 4,500.95 for 2008 after breaching previous low of 4448.05; it has hit a high/low of 4626.45 and 4411.60 before finishing the day at 4500.95, down 2.74% or 126.85 points.
Top Losers
Jaiprakash Asso (-8.13%),
DLF (-7.10%), ONGC (-7.09%),
HDFC (-5.37%), Unitech (-8.80%) and
BPCL (-7.31%)
Top Gainers
NALCO (5.68%),
Cairn India (4.51%),
Hero Honda (4.49%),
Ranbaxy Labs (4.16%),
Reliance Comm (1.50%),
Hindalco (1.08%) and
Tata Steel (0.35%).
Market will remain close for the week as march 20th adn march 21st are both holiday for the market reason being
>Id-E-Milad on 20th March 2008 Thursday
>Good Friday / Holi on (1 st Day) 21st March 2008 Friday
All major markets, including the BSE,NSE, forex, Bullion and MCX will remain closed on Thursday on account of ‘Mahashivratri’.