Sensex
slips 100 points, Nifty50 tests 7,900; Just Dial down 3%
The particular S&P BSE Sensex delved over 100 items in early morning trade about Thursday, brought by cutbacks in ITC, HDFC, Tata Magnetic motors, ONGC, in addition to HDFC Standard bank.
The particular S&P BSE Sensex delved over 100 items in early morning trade about Thursday, brought by cutbacks in ITC, HDFC, Tata Magnetic motors, ONGC, in addition to HDFC Standard bank.
INDIAN MARKET OVERVIEW
Equity benchmarks 50 shares index Nifty ended lackluster session on a negative note Wednesday due to profit booking. Nifty future down by 24 points to close at 7962.
The 30-share BSE Sensex ended down 51 points at 26117. The market breadth was marginally positive as about 1484 shares advanced against 1300 declining shares on the BSE.
Department of Industrial Policy and Promotion secretary Amitabh Kant said that the government has embarked on the process of preparing a national IPR Policy for scaling up the process of IP creation and commercialization of the technology.
Shares of Ceat rose 4 percent intraday Wednesday as the company has entered in to exclusive partnership for distribution of Perelli's global range of premium motorcycle tyres in the Indian market.
Wipro (up 1 per cent), Bharti Airtel (up 0.53
per cent), Axis Bank (up 0.56 per cent), and Infosys (up 0.36 per cent) were
among the major Sensex gainers.
Vedanta (down 1.6 per cent), Hindalco Industries (down 1.50 per cent), Tata Steel (down 1.4 per cent), ITC (down 1.2 per cent), and ONGC (down 1.2 per cent) were among the major Sensex losers.
Vedanta (down 1.6 per cent), Hindalco Industries (down 1.50 per cent), Tata Steel (down 1.4 per cent), ITC (down 1.2 per cent), and ONGC (down 1.2 per cent) were among the major Sensex losers.
GLOBAL MARKET OVERVIEW
Shares in Asia were
narrowly mixed on Wednesdya with investors awaiting clearer insight on the next
Federal Reserve move with end of the week nonfarm payroll data.The S&P/ASX 200 fell
0.20%, while the Shanghai Composite rose 0.08%. The Nikkei 225 edged down
0.05%.The Dow Jones industrial
average rose 168 points to 17,888, the S&P 500 gained 22 points to 2,102
and the Nasdaq Composite added 47 points to 5,156.
The Federal Reserve is
keeping a close eye on economic indicators over the next two weeks ahead of its
critical monetary policy meeting on December 15-16, where the U.S. central bank
could raise short-term interest
Today’s Stock Recommendation
Technical Overview:Stock recommendation for 03/12/2015 is Ajanata pharma. In
today’s trading session it was up by 2.04%. Its long term trend is up. It has
made a green candle indicating further buying in daily chart. Its short term
support level is 1348. All the indicators are suggesting that one can go for
long position in this stock above 1375 levels. The stock may test level of
1400-1430 in coming days.
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