Tracking positive cues from global peers our markets opened on a positive note and traded sideways till the afternoon session. The markets momentarily moved lower in the afternoon session but soon regained momentum tracking cues from positive opening of European peers. The markets gained further in late session and closed the day on firm note. All the Sectoral indices ended in the green with AUTO, IT & Metals gaining more than2% each. Among the Sensex stocks M&M (5.05%), TCS (4.63%) & Hindalco (4.16%) were amongst the gainers while Rcom (1.99%), HH (1.87%) were among the losers. The Sensex gained 349 points or 1.83% to close at 19,471 while Nifty gained 111 points or 1.93% to close at 5,852.
Total traded turnover stood at Rs 1,72,309 cr. In equities both FIIs & were net buyers of (Rs 193 cr) While DIIs were net sellers (Rs 23 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 858 cr), Index Options (Rs 853 cr) and Stock Options (Rs 9 cr) while they were net sellers in Stock Futures (Rs 121cr).
The US markets ended positive as investor sentiment was positive after better than expected earnings reported by companies like Intel & United Technologies. The Dow Jones gained 187 points or 1.52% to close at 12,454 while NASDAQ gained 58 points or 2.10% to close at 2,803.
The Asian markets are trading positive. Nikkei is trading higher by 0.58% while Hang Seng is currently trading higher by 1.10%.
The market breadth was positive with buying seen in all the sectors. The markets may open on a positive note tracking from cues from global peers. The weekly food and fuel inflation data to be announced and expectations from earnings of big companies like Reliance and TCS may affect the market sentiment.
The trend deciding level for the day is 5820,If NIFTY trades above this level then we may witness a further rally up to 5885‐5920‐5955 levels. However, if NIFTY spot trades below 5820 levels then we may see some profit booking to initiate in market, it may correct up to 5785‐5745‐5715.
Stocks to focus for intraday long: Uniphos, Bajaj Auto, BPCL
No comments:
Post a Comment