The market has seen some consolidation with a negative bias today
on Tuesday after a 447-point rally seen in earlier three sessions.
It may be waiting for near term trigger i.e. five state
assembly elections results due on December 8 followed by November inflation,
RBI policy, FOMC meet and winter parliament session.
Equity benchmarks snapped three-day winning streak with the
Sensex falling 43.09 points to close at 20,854.92 and the Nifty declining 16
points to hold the 6,200 level at 6,201.85.
If the outcome of election is positive then the inflow of
money will be more positive
Nifty’s downside is now protected and it is likely to hold
6,000-6,050 whereas it is unlikely to break 6,350-6,400 on the upside. “Huge
liquidity gush and sustained buying can only help Nifty to break above this
range.”
Meanwhile, the
broader markets outperformed benchmarks with the BSE Midcap and Smallcap
indices gaining more than 0.2 percent.
There was profit booking in financials, FMCG, healthcare and
auto stocks while IT and metals bucked the trend. Larsen & Toubro, Dr
Reddy’s Labs, Sesa Sterlite, NTPC and Coal India fell more than 1 percent. ITC
, HDFC Bank , HDFC and Hindustan Unilever declined over 0.5 percent.
However, GAIL , Jindal Steel and BHEL gained nearly 3
percent. Index heavyweight Reliance Industries rose 0.8 percent while TCS and
Infosys added 0.3 percent. In the broader space, Shree Renuka Sugars rallied 5
percent on source-based reports that the company is in advanced talks with
Singapore-based Wilmar Group for stake sale.
BSE Top Gainers Today:
GAIL, Jindal Steel, BHEL, Hindalco, Reliance, TCS, Infosys,
Tata Steel, Wipro, Maruti Suzuki, Tata Power
BSE Top Losers Today:
Dr Reddys Labs, Sesa Sterlite, Larsen, NTPC, Coal India, M&M,
Hero Motocorp,
ITC, HUL, HDFC Bank, ONGC, Bajaj Auto, HDFC, Sun Pharma, SBI,
Bharti Airtel, Cipla, ICICI Bank, Tata Motors
NSE Top Gainers Today:
GAIL, BHEL, Jindal Steel, NMDC, DLF, Hindalco, BPCL, IDFC, Ranbaxy Labs, Reliance,
ACC, Ambuja Cements, Tata Steel, TCS, Infosys, Wipro, Axis Bank, Jaiprakash Asso,
Power Grid Corp, PNB, Maruti Suzuki, Tata Power, Grasim.
ACC, Ambuja Cements, Tata Steel, TCS, Infosys, Wipro, Axis Bank, Jaiprakash Asso,
Power Grid Corp, PNB, Maruti Suzuki, Tata Power, Grasim.
NSE Top Losers Today:
IndusInd Bank, Kotak Mahindra, Larsen, Sesa Sterlite, Dr Reddys Labs, Coal India, HCL Tech, M&M, NTPC, ONGC, HDFC Bank, ITC, Lupin, Hero Motocorp, HDFC, HUL,
Bharti Airtel, SBI, Bank of Baroda, Bajaj Auto, Sun Pharma, Cipla, Cairn India, ICICI Bank,
Tata Motors, UltraTechCement, Asian Paints.
Bharti Airtel, SBI, Bank of Baroda, Bajaj Auto, Sun Pharma, Cipla, Cairn India, ICICI Bank,
Tata Motors, UltraTechCement, Asian Paints.
Nifty Call for Tomorrow, Wednesday on 04-December 2013
√ BUY Tata motors, Target Rs 404, Rs 406 and Stoploss Rs 396
Stock Sell Call Tomorrow, Wednesday on 04-December 2013
√ SELL ITC, Target Rs 320, Rs 318 and Stoploss Rs 326
