27 Aug 2008 | 11:06
Markets likely to open flat to up & remain volatile in a range ahead of the derivatives expiry tomorrow
After
a weak opening yesterday, the Indian Markets bounced back from the lows
to end the session marginally in the positive. The BSE Sensex recovered
well from a low of 14286.4 to close marginally up by 0.2% at 14482.2.
After opening down & making an intra-day low of 4283, the Nifty
recovered well through the day. It gathered momentum in the last hour
of trade to make an intra-day high of 4345 towards the end before
closing at 4337.5, marginally up by 0.1% over Monday’s close. The NSE
cash turnover stood at Rs. 8669 crores in comparison to Rs. 7495 crores
on Monday. The market breadth was marginally in the negative on BSE
with the
advance-decline ratio of 0.86:1. Among the sectoral
indices, Banks & Auto indices outperformed, increasing by 1.7%
& 1.3% respectively. However, Oil
& Gas & Realty indices underperformed decreasing by 1.1% & 0.6%
respectively.
The
Dow and S&P 500 rose on Tuesday by 0.2% & 0.4% respectively as
hurricane fears lifted oil prices and boosted energy shares, blunting
the effect of a report that showed a growing number of problem U.S.
banks.
However Nasdaq closed flat. The Indian ADRs ended on a
positive note with Infosys, Wipro & Satyam increasing by 1.6%, 1.7%
& 0.9% respectively. ICICI & HDFC Bank increased by 2.7% &
3.7% respectively. MTNL decreased by 0.6%.
Among the Latin American
markets, the Mexican & Brazilian markets decreased by 1.3% &
0.2% respectively. Among the Metal prices, Aluminium & Copper fell
by 2% & 3.4% respectively, while Zinc & Nickel decreased by 4%
& 3.5% respectively. The light crude oil for September increased by
1% to settle at $116.27 a barrel. Today, the Asian Markets are trading
mix with Nikkei & Shanghai trading down by 0.1% & 1.3%
respectively. However Hang Seng is trading up by 0.9%.
As per
the provisional figures, FIIs were net sellers of Rs. 572 crores in the
cash market on Tuesday, while they were net buyers of Rs. 80 crores in
the F&O markets.
Today, we expect the Markets to open flat
to up & remain volatile in a range ahead of the derivatives expiry
tomorrow. Among the indices, Auto, Bank & IT indices are looking
good, while Oil & Gas & Realty could underperform.Visit site at – http://investorline.co.in/
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Markets likely to open flat to up & remain volatile in a range ahead of the derivatives expiry tomorrow
After
a weak opening yesterday, the Indian Markets bounced back from the lows
to end the session marginally in the positive. The BSE Sensex recovered
well from a low of 14286.4 to close marginally up by 0.2% at 14482.2.
After opening down & making an intra-day low of 4283, the Nifty
recovered well through the day. It gathered momentum in the last hour
of trade to make an intra-day high of 4345 towards the end before
closing at 4337.5, marginally up by 0.1% over Monday’s close. The NSE
cash turnover stood at Rs. 8669 crores in comparison to Rs. 7495 crores
on Monday. The market breadth was marginally in the negative on BSE
with the
advance-decline ratio of 0.86:1. Among the sectoral
indices, Banks & Auto indices outperformed, increasing by 1.7%
& 1.3% respectively. However, Oil
& Gas & Realty indices underperformed decreasing by 1.1% & 0.6%
respectively.
The
Dow and S&P 500 rose on Tuesday by 0.2% & 0.4% respectively as
hurricane fears lifted oil prices and boosted energy shares, blunting
the effect of a report that showed a growing number of problem U.S.
banks.
However Nasdaq closed flat. The Indian ADRs ended on a
positive note with Infosys, Wipro & Satyam increasing by 1.6%, 1.7%
& 0.9% respectively. ICICI & HDFC Bank increased by 2.7% &
3.7% respectively. MTNL decreased by 0.6%.
Among the Latin American
markets, the Mexican & Brazilian markets decreased by 1.3% &
0.2% respectively. Among the Metal prices, Aluminium & Copper fell
by 2% & 3.4% respectively, while Zinc & Nickel decreased by 4%
& 3.5% respectively. The light crude oil for September increased by
1% to settle at $116.27 a barrel. Today, the Asian Markets are trading
mix with Nikkei & Shanghai trading down by 0.1% & 1.3%
respectively. However Hang Seng is trading up by 0.9%.
As per
the provisional figures, FIIs were net sellers of Rs. 572 crores in the
cash market on Tuesday, while they were net buyers of Rs. 80 crores in
the F&O markets.
Today, we expect the Markets to open flat
to up & remain volatile in a range ahead of the derivatives expiry
tomorrow. Among the indices, Auto, Bank & IT indices are looking
good, while Oil & Gas & Realty could underperform.Visit site at – http://investorline.co.in/
Newsroom - http://newsroom.investorline.co.in/
Learning Center- http://learning.investorline.co.in/
Mutual funds - http://mutualfunds.investorline.co.in/
Life Insurance - http://insurance.investorline.co.in/
Investor Journal - http://research.investorline.co.in/
Investor Forums- http://forums.investorline.co.in/
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