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Market traded ominous despite strong IIP data
After trading in narrow range with positive bias, the key benchmark Indices pared off early gains and slipped below base line, hitting fresh day’s low in early afternoon trade overshadowing industrial output numbers which were as per expectation. Industrial output rose 6.8% in July, as compared to a rise of 6.4% in the corresponding month [...]
Markets slipped off from the day’s high
The markets slipped off from the day’s high as some profit booking emerged at higher level after a sharp rally in the last few sessions. The Metal, Oil & Gas, Capital Goods, Banking stocks hold on their gains and are still trading higher. While selling pressure emerged among the FMCG, Auto, Pharma and IT stocks. [...]
Firm global cues lifted the domestic market
Tracking a firming Asian trend, the key benchmark indices extended gains by adding over 150 points in last hours’ trading session on funds-based buying in frontline stocks. The positive cues from Wall Street due to fairly strong jobs data and gains in Chinese market fuelled Asian markets and domestic markets. During the last hours’ trading [...]
Market rebound smartly
After a subdued opening, the key benchmark indices rebound smartly and traded positive, from lower level, on the back of fresh buying in index pivotals led by Consumer Durables, Health Care and Capital Goods. Volatility was high on bourses as traders rolled over positions from Aug’09 series to Sep’09 series in the derivatives segment ahead [...]
Market rebound smartly
After a spectacular opening, the key benchmark indices rebound strongly as Asian stocks rallied, after surprising rise in home sales and optimistic comments from Federal Reserve spurred buying of riskier assets. Meanwhile, fresh buying in index pivotals led by Realty, Metals and FMCG stocks pulled the bourses to its high level. On the sectoral front, [...]
Indian Stock Market Post Session Report, dated 21/08/2009
Indian market rebounded sharply from its initial losses to end the day with handsome gains on strong buying emerged during final trading hours. The benchmark indices closed near day’s high on significant buying over the counters led by recovery in US index futures along with firm European markets. Market rallied sharply also following strength in [...]