On Saturday, the Sensex ended special session up 25 points at 17,159.04 and the Nifty gained 9 points at 5,199.40.
In an interview to CNBC-TV18, Anu Jain, vice president of IIFL Private Wealth Management says, the Nifty is in a no trend zone with a slightly negative bias. According to her, 5,130-5,140 is the [...]
May 14 2012 | Posted in
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In an interview to CNBC-TV18, Rahul Mohindar of viratechindia.com says the bears have a firm grip right now and expects the market to free fall to about 4,850, even 4,700.
The short-term trends are all pointing downwards. One should continue to play on the short side in my opinion and getting towards 4,800-4,850 would [...]
May 14 2012 | Posted in
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The BSE Sensex and NSE Nifty rebounded on Thursday after witnessing a major fall in previous 3 out of 4 sessions. Both opened 1% higher led by buying interest in banks, oil & gas, auto, capital goods and FMCG stocks.
Even the Indian rupee recovered sharply, appreciating 67 paise to 53.15 a dollar, which closed [...]
May 14 2012 | Posted in
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The benchmark index Nifty surged close to 1% on back of short covering despite weak global cues. Asian shares fell on Thursday, as a weak Chinese trade data stoked fears of a growth slowdown, further undermining risk appetites already reduced by worries about the health of Spanish banks and deepening political chaos in Greece.
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May 13 2012 | Posted in
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The BSE Sensex and NSE Nifty gave up most of their early gains, weighed down by Infosys, ITC and State Bank of India.
ICICI Bank too was under pressure. Even the broader markets turned negative. However, the buying interest in oil & gas and capital goods has limited the downside.
The BSE benchmark was [...]
May 13 2012 | Posted in
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The BSE Sensex and NSE Nifty gave up most of their early gains, weighed down by Infosys, ITC and State Bank of India.
ICICI Bank too was under pressure. Even the broader markets turned negative. However, the buying interest in oil & gas and capital goods has limited the downside.
The BSE benchmark was [...]
May 13 2012 | Posted in
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The Nifty held on to the 5,250-mark for the better part of Wednesday and closed at 5,239 levels. In an interview to CNBC-TV18 Sudarshan Sukhani of S2analytics.com said, the trend for the market for the month of May is on the downside.
He expects the Nifty to break 5,200 levels and drift lower. “The [...]
May 13 2012 | Posted in
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Yesterday, the Nifty and Sensex dropped nearly one percent each. The Nifty closed below 5,200 mark on the back of weak rupee. The Sensex closed at 17,151.19 down 150.72 points.
Sudarshan Sukhani of s2analytics.com says, the Nifty is coming down. “Trend is down. Short on any rally,” he advises.
According to him, the [...]
May 13 2012 | Posted in
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The BSE Sensex and NSE Nifty closed flat after shedding all its gains in the last couple of hours of trade due to weak European cues. It was looked like a nice rebound in the morning trade, with the Sensex rising more than 150 points led by appreciation in rupee. However, the fall in European [...]
May 13 2012 | Posted in
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The BSE Sensex and NSE Nifty opened 0.5% lower on Friday morning following weak Asian cues. Oil & gas and technology stocks were under pressure.
SKS Microfinance shot up 17% after cabinet cleared Microfinance Bill yesterday, overriding state legislations on microfinance institutions.
The BSE benchmark was down 33.54 points at 16,386.51 and the [...]
May 13 2012 | Posted in
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