| | | 
| | December 14, 2011 | 5:30 PM | Sensex ends below 16K on record low rupee, inflation concerns
The Indian markets erased previous session's gains as higher monthly inflation and falling rupee weighed. The Sensex fell 121 points and the Nifty declined 37 points | | | | | | | Major headlines | | | Indian indices
Again it turned out to be a volatile session, with the Indian markets struggling for direction all throughout the day. Major disappointment today was inflation for November at 9.11%, which came in higher than the Street's estimates. The rupee hit another record adding to the market woes.
Selling pressure in realty, metal, power, consumer durables, auto, and PSU stocks dragged the markets lower. Weak European cues too weighed on the sentiments. The Sensex fell below the 16000 mark and the Nifty below 4800 level.
Sensex movements: The Sensex opened the session 39 points lower at 15964 as against the previous close of 16003. Volatility was high in today's trade. In the mid-morning session, the index hit an intraday high of 16133 before the release of inflation data. Later, the index came under pressure in the late morning trade as soon as the inflation data was out. Concerns over inflation, falling rupee coupled with weakness in Europe dragged the index to an intraday low of 15855 in the late trade. The Sensex closed 121 points lower at 15881 and the Nifty fell 37 points to settle at 4763.
| | | INDEX PERFORMANCE |  | | | | | | | | MARKET INDICATORS | | | | | | | | | | | Sun TV Network | 275.80 | 5.01 | | | Glenmark Pharma | 304.45 | 3.50 | | | Pidilite Industries | 145.00 | 3.24 | | | | | Pantaloon Retail | 142.05 | -9.87 | | | Sintex Indutries | 74.70 | -7.83 | | | Jain Irrigation | 97.85 | -7.03 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Market Outlook: In the US, Import & Export Prices and EIA Petroleum Status Report will be released on Wednesday. | Market sentiment
The market breadth stood in favour of declines. Of the 2866 stocks traded on the BSE, 1080 (37.68%) rose, 1626 (56.73%) fell and 160 (5.58%) remained unchanged.
Viewing volumes
A Jaypee Group firm - Jaiprakash Associates was traded the most, with over 0.34 crore shares changing hands on the BSE. Following that Industrial finance company - IFCI (0.30 crore shares), India's leading retailer - Pantaloon Retail (0.28 crore shares), Wind turbine major - Suzlon Energy (0.27 crore shares) and an integrated infrastructure development company - Lanco Infratech (0.27 crore shares). | Sectoral & stock screening
All the sectors were in red barring BSE FMCG up by 0.23%. The major losers - BSE Realty dipped by 2.42%, BSE Metal slipped by 2.16% and BSE Power fell by 2.09%.
Among 'A' group stocks, top three gainers - Sun TV Network up by 5.01%, Glenmark Pharmaceuticals up by 3.50% and Pidilite Industries up by 3.24%. Top three losers - Pantaloon Retail slid by 9.87%, Sintex Industries dropped by 7.83% and Jain Irrigation Systems fell by 7.03% |  | | | | 
| Global signals
The European shares fell on Wednesday (December 14, 2011) after the Federal Reserve warned that turmoil in Europe presents a big risk to the US economy, but failed to take any new steps to stimulate growth.
The Asian stocks closed lower on Wednesday after the Federal Reserve refrained from offering new initiatives to help a slowly recovering US economy
The US stock index futures pointed to a higher open on the Wall Street on Wednesday. | | | | Visit www.sharekhan.com to manage your newsletter subscriptions | | |     | | |  | | |  | | | To know more about our products and services, click here. | | | | | |  | Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; CD - INE231073330; MCX Stock Exchange : CD - INE261073330 DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662; Mutual Fund: ARN 20669. | | | | | | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees ("SHAREKHAN and affiliates") are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN." | To unsubscribe write to mailto:myaccount@sharekhan.com
| |
0 comments:
Post a Comment