01 December 2014

1 Dec: HDFC Sec Market Warp up

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Statistics

The 30-share Sensex ended down 134 points at 28,560 and the 50-share Nifty ended down 32 points at 8,556 after hitting a record high of 8,623. In the broader market, the BSE Mid-cap index ended down 0.1% while Small-cap index closed 0.7% lower. Market breadth ended negative with 1,671 losers and 1,221 gainers on the BSE.  NSE cash turnover was at Rs. 17347.

Sectors & Stocks

Consumer Durables index was the top sectoral gainer up 3.3% followed by Healthcare, FMCG and IT sectors. Oil and Gas index was the top loser on the BSE down 2.6% followed by Power, Metal and Capital goods indices. Hindustan Unilever ended up 2.7%. Maruti Suzuki gained 1.6%. Infosys ended 0.2% lower. BHEL ended down 3.2%.

HSBC manufacturing PMI stood at 21-month high at 53.3 compared to 51.6 in October. 
  
Way forward

In todays session Nifty made a new high but did not sustains at those and fell by 0.34%.  If  in coming session Nifty sustains above 8550 level then traders could expect continuation of up move in the Index up to 8620 level followed by 8632 level . If Nifty trades below 8550 level and sustain for 15 mins  then traders could expect the down move up to 8535 level followed by 8500 level.

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