Tuesday, December 25, 2012

Nifty, Sensex Analysis december 26 2012

Nifty, Sensex Analysis december 26 2012 ; The Nifty is moving in a tight range after a positive start taking cues from other Asian peers and ahead of the December series expiry. Capital goods, realty and healthcare sectors led the up-move while technology and FMCG space edged lower.  According to analysts, the trade is likely to remain range-bound in the near term as most traders who are in holiday mood are likely to keep their positions light ahead of the New Year. 

At 10:15 a.m.; 50-share index was at 5,866.50, up 10.75 points or 0.18 per cent. It touched a high of 5,870.65 and a low of 5,859.55 in trade today. 

The Sensex was at 19,306.61, up 51.52 points or 0.27 per cent. The index touched a high of 19,321.41 and a low of 19,274.07 in trade today. 

"The trend deciding level for the day is 19,280 / 5,857 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 19,323 - 19,390 / 5,870 - 5,885 levels. However, if NIFTY trades below 19,280 / 5,857 levels for the first half-an-hour of trade then it may correct up to 19,212 - 19,170 / 5,843 - 5,830 levels," said Angel Broking note.

The BSE Midcap Index was up 0.54 per cent and the BSE Smallcap Index moved up 0.48 per cent. 

Among the sectoral indices, the BSE Capital Goods Index was up 0.98 per cent, the BSE Realty Index gained 0.97 per cent and the BSE Healthcare Index moved 0.72 per cent higher. The BSE IT Index was down 0.16 per cent and the BSE FMCG Index slipped 0.02 per cent. 

Bharti AirtelBSE 2.88 % (1.90 per cent), Jaiprakash Associates (1.67 per cent), Sun Pharmaceuticals (1.23 per cent), Larsen & Toubro (1.24 per cent) and BHEL (1.21 per cent) were the top Nifty gainers. 

Shares of Credit Analysis and Research (CARE) traded higher after listing at Rs 940, a premium of Rs 190 against its issue price of Rs 750 per share on the NSE. 

The stock was at Rs 980.70, up 30.76 per cent or Rs 230.70. It touched a high of Rs 985 and a low of Rs 895 in early trade on volume of 45.52 lakh shares. 

Wipro (1.01 per cent), Kotak Bank (0.80 per cent), Hindustan Unilever (0.79 per cent), Hero MotoCorp (0.76 per cent) and Infosys Technologies (0.76 per cent) were among the losers pack. 

The market breadth was positive on the NSE with 902 gainers against 472 losers. 

The foreign institutional investors bought shares worth Rs 459.67 crore on Friday as per the provisional data from the National Stock Exchange. 

The Asian markets moved higher after the Christmas holiday. The Nikkei 225 was up 0.74 per cent, Taiwan Weighted edged 0.17 per cent higher and the Seoul Composite moved 0.65 per cent higher.
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