Skip to main content
By

Markets at a Glance
Indian indices are likely to open lower today, tracking weakness in the Asian markets, as disap-pointing China’s PMI data raised concern over domestic economic slowdown. Meanwhile Asian shares falters on Wednesday on fading hopes of stimulus action this week by the US Federal Reserve and the European Central Bank. The Chinese manufacturing PMI slipped to 50.1 in July from 50.2 in June, the weakest since November 2011, and reflects three consecutive months of decline. However, the Shanghai Composite index edged up ~1% following the comments from Premier Wen Jiabao's that China will step up policy fine-tuning in the second half to support economic growth. The SGX Nifty, Aug’12 contract last traded at 5,239, down by 10.00 points from previous session.
Wall Street Update
The US markets ended lower after trading in a tight range throughout the day as investors re-mained cautious ahead of the US Federal Reserve and the European Central Bank releasing monetary policy statements beginning on Wednesday. Further, the disappointing US consumer spending data also depressed sentiment. Personal spending fell for the second month in suc-cession in June. While, the personal income increased by 0.5% in June, which was slightly greater than the 0.4% expected increase. Further, the US home prices rose for the fourth month in a row in May, suggesting the housing market's recovery kept gaining traction and consumer confidence unexpectedly rose in July at 65.9 as against the expectations of 61.0.
Previous Day Roundup (Domestic)
Indian benchmark indices ended higher after a volatile trading session led by a late session rebound following stability in global markets, ahead of European Central Bank's (ECB) meeting.
On the sectoral front, the oil & gas index was the top gainer today up by 1.8% followed by Realty, IT, Health Care and Metal indices up by 0.7% to 1.2%. While, the Consumer Dura-bles index was the top laggard down by 1.8%.
The BSE Sensex closed at 17,236 up by 93 points or by 0.5% and NSE Nifty closed at 5,229 up by 29 points or 0.6%.
The Indian rupee weakened against the US dollar after the RBI kept key interest rates un-changed and also due to volatile euro.

Index
31/07/12
Pt Chg
% Chg
BSE SENSEX
17,236
93
0.5
NSE NIFTY
5,229
29
0.6
BSE MIDCAP
6,012
34
0.6
BSE SMALLCAP
6,448
8
0.1
CNX MIDCAP
7,169
28
0.4
BANK NIFTY
10,384
(28)
(0.3)
OIL&GAS
8,158
145
1.8
REALTY
1,638
19
1.2
BANKEX
11,910
(33)
(0.3)
CD
6,297
(118)
(1.8)

Comments

Post a Comment

Popular posts from this blog

FII AND INDIAN STOCK MARKET

By
In fact, Foreign Institutional Investor ( FII)  is allowed to enter into INDIA only through stock markets either in the form of equity of debt.  Thus it makes an impact on the rise or fall of Sensex or nifty, since FII is allowed to be purchased or sold daily.  The daily transaction of FII is the reason behind the volatility in the stock markets and has strong impact on the various macro-economic variables and the economy as a whole.  The impact of variation in inward or outward flow of FII can be simply exhibited in NIFTY LIVE behavior pattern.  The impact of FII can be best interpreted by explaining the recent behavior of market.  The second half of NIFTY FUTURE February series showed a well deserved consolidation after a long BULL-MARKET.  However, NIFTY FUTURE March series ended up with SENSEX slipping below psychological mark of 18000.  These all epitomizes the immense impact of FII flow in the Indian Stock Market.  Intraday traders ...
Post a Comment
Read more

Buy Sell Signal Software

By
FM ADVOCATES FOR RATING UPGRADE FOR ECONOMY—STOCK MARKET         There is strong case for rating upgrade of Indian economy by global rating agency on the back of increasing investments, declining import of gold and government’s commitment to fiscal prudence.   The expert in stock market and those who trade in nifty consider it a strong move which will boost up confidence of retail investors in the stock market .   The issue of rating upgrade was raised by FM officials at a meeting with the rating agencies.   The ministry expressed confidence that current account deficit (CAD) will surely come down as oil prices are stable and the rupee has been range bound.   Moreover, the cabinet committee on investment has also approved projects worth Rs 70000 crore in three months time. In general the infrastructure and in particular the cement industry and steel industry will have positive impact.   The government has set up...
Post a Comment
Read more

SECRETS OF SUCCESSFUL TRADING

By
50 Golden Rules of Stock Market Trading I’m sure most everybody knows these truisms in their hearts, but this list is nicely edited and makes a good read. 1. Plan your trades. Trade your plan. 2. Keep records of your trading results. 3. Keep a positive attitude, no matter how much you lose. 4. Don’t take the market home. 5. Continually set higher trading goals. 6. Successful traders buy into bad news and sell into good news. 7. Successful traders are not afraid to buy high and sell low. 8. Successful traders have a well-scheduled planned time for studying the markets. 9. Successful traders isolate themselves from the opinions of others. 10. Continually strive for patience, perseverance, determination, and rational action. 11. Limit your losses – use stops! 12. Never cancel a stop loss order after you have placed it! 13. Place the stop at the time you make your trade. 14. Never get into the market because you are anxious because of waiting. 15. Avoid g...
Post a Comment
Read more