Wednesday, December 10, 2014

Daily Commentary: 10/12/2014

After 3 day continues fall today Market closed marginally higher. Nifty was volatile with +0.18% and

Sensex also closed higher yet out of 30 scripts only 13 were on positive note. Meanwhile, ONGC, SBI,

Tata motors were the limelight stocks for the day.


Traders are still cautious over market as there was not directional cue from today. Market breadth on the

BSE remains healthy 1,587 shares advancing and 1,176 shares declining. Foreign Portfolio Investors sold

a net worth Rs 221.52 crore on Tuesday as per provisional data. India VIX was negative by -2.02%

The Top Movers of the day are SBIN, Jindal Steel, ONGC, PNB and Bank of Baroda. Top losers of the

day are NMDC, BHEL, HUL, GAIL and Tech M.


As Chinese consumer inflation was reported to be 5 year low Chinese market +3% higher to yesterday.

Weak crude oil price and pull-down in US Market affected Japanese market due to which Nikkei was low

by -2%


 However, BSE Capital Goods, IT and FMCG are losing sheen and are down between  -0.4 to -1%. Yet,

Midcap and small cap closed higher and stool as outstanding index for the day. Meanwhile, Government

is thinking to conclude coal linkage rationalization an and swapping agreement for terenal project wich

will save 6000 crores . This is going to benefit power projects of companies including Adani Power,

Indiabulls Power and NTPC, among others.


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