Market Roundup
Key benchmark indices dropped in choppy trade as stocks fell across the globe amid incessant worries about Spain's finances and the fallout from the European debt crisis. Tata Motors tumbled over 12% after the company reported Q4 March 2012 results. GAIL (India) declined on weak Q4 results. ONGC dropped on concerns about the company's high subsidy burden. Sun Pharmaceutical Industries gained after strong Q4 results. The market breadth was weak. On BSE, 1,625 shares declined and 1,071 shares rose. A total of 132 shares were unchanged. |
• IN TODAY'S SESSION, INDEX OPENED WITH DOWN GAP AND TRADED RANGE BOUND 4945-4985 ZONE TILL THE END. FINALLY, IT CLOSED AROUND THE DAY'S LOW WITH NEGATIVE BREADTH. DUE TO EXPIRY IN THE NEXT SESSION, WE MIGHT SEE CHOPPY MOVE ACROSS THE BOARD SO ONE SHOULD TRADE WITH STRICT STOP LOSSES & AVOID OVERLEVERGING.
• STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
HINDUNILVR, JSWSTEEL & TATAPOWER
• STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
CESC, GODREJIND, GRASIM, IRB, NMDC & STER
• ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 426
DECLINE – 1047
• SECTORS PERFORMANCE
AUTO, CAPITAL GOODS, REALTY AND BANKEX PIVOTS WERE THE TOP LOSERS IN TODAY'S SESSION; DOWN BY 3.97%, 2.25%, 2.18% AND 1.77% RESPECTIVELY.
• GLOBAL MARKET UPDATE (*at 4:00 pm IST)
US MARKETS - NEGATIVE
EUROPEAN MARKETS - NEGATIVE
ASIAN MARKETS - NEGATIVE
NIFTY INTRADAY LEVELS
Sup – 4920-4880
Res – 4985-5015
(For more details, refer to our Daily Technical Newsletter ) |
Nifty Futures Outlook -
• Nifty future opened negative and traded in range of 35 points throughout the session. It made a high of 4982 and a low of 4944 and finally closed at 4933 levels.
• Nifty spot closed at 4950.75 down by 39.35 points.
• Bank Nifty closed 9534.05 down by 174.05 points.
• CNX IT closed at 6012.35 up by 29.10 points.
• Nifty May future closed with 17.7 point's discount.
• Nifty heavyweight stock TATAMOTORS, ICICIBANK and TATASTEEL witnessed short build-up.
• Volatility India index VIX closed at 25.3 up by 5.29%.
• PCR (Volume) is at 0.97.
• Nifty May 5000 Put strike witnessed short covering.
• Nifty 5100 Call strike witnessed long unwinding.
• Nifty 5000 Call strike witnessed short build up.
• Infrastructure sector witnessed short build-up as stocks GMRINFRA, GVKPIL, HCC, IVRCLINFRA,LITL, NCC and PATELENG were down by 2.2%, 4%, 6.3%, 3.7%, 4.3%, 4.4% and 4.5% respectively.
• Realty sector closed down by 4% as stocks like DLF, HDIL, IBREALEST, SOBHA and UNITECH were down in range of 1 -7%.
• Capital goods sector closed down by 2.8% as stocks like ABAN, APIL, BGRENERGY, BHEL, CUMMINSIND, PRAJIND, PUNJLLOYD, STRTECH and VOLTAS were down in range 2- 6.5%
• Automobile, Banking, FMCG, Cement, Technology and Telecom sector witnessed maximum OI action.
• Nifty rollover is at 45.58%
• Nifty rollover is at discount of 1.05 points as the spread between the two contracts is negative.
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