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After the Bell : 14-11-2008 | Buoyancy Continued..

By Abhishek on 3:34 PM

Filed Under: , ,

Bears Took Charge | Buoyancy

Indian market shows advese sign on Friday, selling in noon trades cuts the all gain and momentum that market devloped during the session.  Indian market started its day in positive nod with 264 points @ 9799 and later it touched intraday high levels of 9836. But as later trade continued it couldnot sustained and slipped into negative. Market closed it day in negative zone, Sensex lost 159.91 points and settled at 9385.42, while the broad-based NSE Nifty lost 38.10 points and closed its session at 2810.35 .

Sectoral : Except FMCG index, which ended marginally in the green, all the BSE sectoral indices finished in red. Capital Goods and Auto indices were the top losers, shedding 4.2% and 4% respectively. ACC and Tata Motors were the top losers among sensex stocks, falling 9% and 8.5% respectively, while Bharti Airtel and Tata Power gained 3% and 2% respectively.

Asian Markets : All asian market closed in deep green, as on Thusday it was a great day in U.S. Japan Key index Nikkei 225 index closed in green for 223.75 points at 8462.39. Asia one of the premeir index Hang Sang closes green at 13542.66 up about 321 points. There was a Green Sign across Asia and Europe except India.

European Markets:  All Euro Markets were closed in positive, mostly within a range of 1.5%. FTSE closed in green for 63.76 points at 4232.97 , DAX closed at 4710.24 gaining 60.72 points , CAC closed at 3291.47 gaining 22.01 points.

Weekly Closing : For the week, sensex and Nifty are down 5.81% and 5.47% respectively. Sensex ended its week with a fall of 578.87 points at 9,385.42, while NSE Nifty ended its week in down channel with a fall of 162.65 points at 2,810.35 in the same period. Mid-cap index plunged 139.3 points, or 4.15%, to 3,216.08 in the week, while small-cap index lost 135.05 points, or 3.46%, to 3,765.05 during the week.  None of the BSE sectoral indices managed to close in green, while Realty and Capital Goods indices were the top losers, down 14.14%% and 8.96% respectively week-on-week.

Political uncertainty ahead of state elections, uncertainty about a US Treasury plan to forgo buying bad mortgage-related investments to buy stakes in US lenders and caution ahead of a meeting of G20 political leaders, pulled the market lower in what was a choppy trading session.


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