November 23, 2012

Market Pulse - Nov 23, 2012


Fri, Nov 23, 2012 at 14:00PM
Markets closes flat.
Markets closed on a flat note with a negative bias with the Sensex down 11 points at 18,505 and the Nifty slipped five points at 5,623. (provisional)on recovery.

Fri, Nov 23, 2012 at 14:00PM
Markets on recovery.
Markets on recovery, Sensex, which declined to 18,402.49, sliding more than 150 points from the day's high of 18,556.50, is now at 18,437.99, down 79.35 points or 0.43% from its previous closing mark. Nifty index of the National Stock Exchange is down 23.60 points or 0.4% at 5604.15, around 10 points off the day's low of 5594.65.

GAIL India, Cipla, ITC, Sterlite Industries, Wipro, Bharti Airtel, NTPC, Larsen & Toubro, Infosys, Jindal Steel & Power and Tata Steel are the prominent losers in the Sensex, besides the three heavyweights from the banking space.

Fri, Nov 23, 2012 at 13:00PM
Markets extends losses.
Markets have extended the losses led by weakness among financials, PSU shares and index heavyweight Infosys. Meanwhile, investors remain cautious on expectation of reforms announcement during the ongoing winter session of the Parliament. At 13:00 AM, the Bombay Stock Exchange's Sensex index was down 84 points at 18,433 while the National Stock Exchange's 50-share Nifty fell 25 points to 5,602.

Fri, Nov 23, 2012 at 12:30PM
Markets turns negative.
Markets break narrow range of trades and plunges into red. Sensex down by 39.44 to 18478.20 and Nifty down by 13.25 to 5614.75.

Fri, Nov 23, 2012 at 11:00AM
Markets trading flat.
Sensex and the Nifty are trading flat, as investors wait for announcements regarding proposed bills to open up the insurance, pension and banking sectors in the ongoing winter session of parliament.Nifty that gained 1.78 percent outperforming the 50 share NSE index in the last three trading sessions was trading lower, ICICI Bank down 0.4 percent. Hindustan Copper Ltd down 12.46 percent, after government set the base price at 155 rupees a share for its 4 percents stake sale, way below Thursday's closing price of 266.15 rupees.

Fri, Nov 23, 2012 at 10:30AM
Market pares gains.
Market pares gains and traded flat in early morning trades on uncertainty over government's ability to push through key reforms in the winter session of the Parliament but hopes of global growth recovery prevented a sharp decline in shares. At 10:30AM, Sensex has declined 8.55 points to 18,508.79 and the 50-share Nifty down by 1.75 points to 5,625.

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