Friday, April 04, 2008

Stock Market surrender to Inflation

   

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The BSE benchmark Sensex ended down by 489 to close at 15,343 and the Nifty index ended 124 points lower to 4,647.

Last trading session of the week ended with a deeper cut as bears squeezed almost 500 points from the benchmark Sensex after India's inflation, based on the Wholesale Price Index (WPI), surged to a three-year high of 7% in the week ended March 22 as against 6.68% in the previous week.

The start itself was a weak one following negative cues from the Asian markets and sentiments further dampened after inflations figures hit the 7% mark. Selling was seen all over as all the BSE Sectoral indices ended in red with BSE Capital Good, Bankex and Power index were among the major losers. Finally, the BSE benchmark Sensex ended down by 489 to close at 15,343 and the Nifty index ended 124 points higher to 4,647.

Among the 50-Nifty 43 stocks ended in red and only 7 stocks ended in green. Overall about 808 stocks advanced; 1,823 stocks declined while 66 stocks remained unchanged.

Among the BSE Sectoral indices, the BSE Capital Good index (down 4.5%), BSE Power index (down 3%), BSE Bankex index (down 2.9%), BSE Auto index (down 2.5%) and BSE Oil & Gas index (down 2.3%).

Courtesy: indiainfoline.com

9 comments:

  1. Dear Visitors,

    This Blog is really nice and informative. We are pleased to know this
    blog is really helping people. Its our pleasure to post
    Informative content on this useful blog created by webmaster.

    As we all know major stock market exchanges in India are

    BSE
    and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
    where as

    NSE is
    National stock exchange covering Nifty and Nifty stocks.

    Now a days USA is facing recession which is affecting world market and
    recently we have witnessed major fall in Nifty and Sensex.

    In this fall many investors were trapped and loosed around 50% to 70%
    of their portfolio which is a major issue and need to be taken care
    of.

    Stock market is risky and will remain risk always still one can
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    There are few levels which we call support and resistance level which
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    Right now Nifty is direction less

    Major suport-4660 below it next will be 4400.If breached then 4000.

    On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
    closings above 5200 means 5400.

    We suggest strictly follow these level and enter in market as per these
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    ReplyDelete
  2. This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post
    Informative content on this useful blog created by webmaster.

    As such we had said earlier that the new support levels for Nifty are 4650-4610,
    we can see that these levels had been maintained and now if the consolidation starts taking place at these levels we can surely will be seeing some movement either upward or in downward direction
    but at the same time Nifty has the Strong Support of 4550 levels which had to be always keep in mind.


    Get all your queiries Answered Related to Indian Stock Market

    Happy Trading

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    ReplyDelete
  3. Dear Visitors,

    This Blog is really nice and informative. We are pleased to know this
    blog is really helping people. Its our pleasure to post
    Informative content on this useful blog created by webmaster.

    Again after one week of good gains in
    href="http://sharetipsinfo.com" title="Indian stock market "> Indian stock
    market
    we have seen
    title="Nifty">Nifty
    and Sensex closing very near to there major Support.
    If Nifty breaches 4850 then it can again see a fall till 4600. But
    chances of breaching 4850 is very less. Now world markets are recovering at
    faster pace
    dollar is becoming strong as against Rs. it will give good gains to
    exporters and IT sector.

    Right now Nifty is in consolidation state it can go to any direction.
    We suggest you not to take too long positions right now.



    Please feel free to contact us for any query.


    Have a Nice trading days ahead.

    Regards


    ShareTipsInfo Team

    +91 9891655316
    +91 9899056796
    +91 9891890425

    ReplyDelete
  4. Dear Visitors,

    This Blog is really nice and informative. We are pleased to know this
    blog is really helping people. Its our pleasure to post
    Informative content on this useful blog created by webmaster.

    Again after one week of good gains in
    href="http://sharetipsinfo.com" title="Indian stock market "> Indian stock
    market
    we have seen
    title="Nifty">Nifty
    and Sensex closing very near to there major Support.
    If Nifty breaches 4850 then it can again see a fall till 4600. But
    chances of breaching 4850 is very less. Now world markets are recovering at
    faster pace
    dollar is becoming strong as against Rs. it will give good gains to
    exporters and IT sector.

    Right now Nifty is in consolidation state it can go to any direction.
    We suggest you not to take too long positions right now.



    Please feel free to contact us for any query.


    Have a Nice trading days ahead.

    Regards


    ShareTipsInfo Team

    +91 9891655316
    +91 9899056796
    +91 9891890425

    ReplyDelete
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  7. rishi_sakhuja: Hi,

    Your blog is nice and informative. We would like to share few information’s with users. Indian stock market is not a place for speculators anymore. As it has become too volatile. Still day traders are requested to trade with strict discipline and a small suggestion for Long term players is don’t take any long term delivery position as Nifty and Sensex are still in bearish zone. Just wait for right time and opportunity before taking long position.

    For any doubt please feel free to ask us.


    Thanks

    Regards

    SHARETIPSINFO TEAM

    ReplyDelete
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