Printable View
June 12, 2006
SENSEX-> 9476.15 (334.31 points, 3.41%).
BSE100-> 4837.09 (160.39 points, 3.21%).
BSE500-> 3653.33 (109.72 points, 2.92%).
BSEPSU-> 4566.09 (138.83 points, 2.95%).
BSEMIDCAP-> 4103.97 (86.28 points, 2.06%).
BSESMLCAP-> 4969.29 (85.00 points, 1.68%).
BSEBANKEX-> 4249.30 (173.66 points, 3.93%).
NIFTY-> 2776.85 (3.12%).
whats happening 3.24% drop :( :( :(
Adhan neenga symbolica solreengale unga avatar moolama :lol:Quote:
Originally Posted by great
thalaila thundu dhaan :lol:
Share market oru soothaatam samee :D
seriganna neenga vaasichathu pothum
Naan avtaar-a sonean 8-)
oh i never know SM is a gamble. I thought its like Bank FD :D
Ohonnnaa ! Periyavaru MSV thannudaya isaya dhan ilayavarukku koduthutaru anne . Adha thaan naan symbolica ennudaya avatar moolama solren :wink:Quote:
Originally Posted by great
Back to topic . Why its downward again ? any reason Great & Gokul ??
Periya reason yellam onnum illa. Just correction avvalavuthan. :wink:
Companies first quarter result wil come around July first week. It wil hav impact on market. Till then these fluctuations wil happen. :roll:
Neway I'm happy about yesterday's fall, since my SIP investment of 2000Rs comes yesterday. At present my portfolio is in negative zone (around 11% loss). But I wish this downfall to continue to gain more in long term. :D
:roll: Sensex is now down 410 points to 9066. It may well go below 9000 mark today. :D
why are u feeling happy for that :? .... But the correction is expected further to the tune of 30% :( :( :(Quote:
Originally Posted by sgokulprathap
I'm happy bcoz my investments r SIP investments. So I'll get more units if this fall continues. I'm not goin to sell any of my units in next one and a half or 2 years. Thats y i expect falling market. :lol:
US markets continued to move lower ahead of two key inflation data. While the Dow closed 0.91% lower at 10,793, the Nasdaq lost 2.05% to close at 2091. European markets too ended in the red. While the FTSE 100 closed 0.61% lower at 5621, the German DAX closed 1.25% lower at 5396. Latin American markets crash yesterday. While the Mexican markets lost 4.30%, the Bovespa lost 4.33%. Asian markets are trading sharply lower. While the Hang Seng is 1.53% down at 15,383, the Nikkei 225 is 2.16% down at 14,512. Crude prices fell $1.27 to $70.36 a barrel. All Indian ADR were down on Monday with HDFC Bank, ICICI Bank, Infosys, Tata Motors, VSNL and Wipro falling more than 3%.
Friday’s sharp upmove did not seem to have any effect on the Indian markets yesterday as the main indices in India once again witnessed selling pressure and closed sharply in the red. The BSE Sensex closed at 9,476.15 down 334 points or 3.4%. The NSE Nifty closed at 2777 down 89 points or 3.12%. The BSE Small Cap Index closed at 4,969.29, down 1.68% while the BSE Midcap Index ended at 4,103.97, down 2.06%. Market breadth was unimpressive as declining issues outnumbered advancing issues by a ratio of 2.1:1 on the BSE. NSE cash turnover was at Rs.5550crs. Vs. Rs.7094crs. yesterday.
All the sectoral Indices end in the red. Metal stocks like Sesa Goa, Sterlite Ind, Tata Steel, SAIL and JindalStainless closed lower as the BSE Metal Index closed at 7,130.05, down 4.84%. The BSE Bankex finished lower by 3.93% at 4,249.30 as selling was seen in Bank of India, Canara Bank, Andhra Bank, ICICI Bank and Union Bank. The BSE FMCG Index closed at 1,687.92, down 3.85% while the BSE Capital Goods Index ended down 3.56% at 6,317.32. The BSE Auto Index closed at 4,344.68, down 2.89% while the BSE Oil & Gas Index ended at 4,581.18, down 2.13%. The BSE IT, BSE Consumer Durables and BSE Healthcare Index also lost 1.56%, 1.2% and 1.04%.
The indices have once again resumed their downward journey though FIIs were net buyers of Rs.509 cr in the cash markets on Friday and net buyers of Rs.248 cr in the F&O markets. Mutual Funds were net sellers of Rs.303 cr. As per the provisional figures, FIIs were net buyers of Rs.85 cr on Monday in the cash markets and net sellers of Rs.52 cr in the F&O markets. We reiterate our strategy of going slow on long positions until we have evidence of a new uptrend. We believe the market is likely to bottom out in the next 1-2 weeks. The charts indicate that the worst case scenario for the markets are the 8800-9000/2650-2700 levels. Of course, our stance changes if these levels are broken. Traders need to remember that it is not necessary to pick a bottom to make money. It is much safer to enter after an uptrend has been established.