Friday 18 November 2011

Friday the last trading day of the week.

Dear traders,
                          This is the last trading day of the week for the active traders in Indian stock market which was not satisfactory for the traders due to the drop in points of the BSE and NSE while market shuts down. There is a rapid down trend going on in the Indian stock market and as per my research this down trend will stay up to the year end.  Now lets go through today's market status which was open from 9:00 AM in the morning till 3:30PM in the afternoon.


                       The pre-opening session starts with no clear direction and the Sensex is trading at 16411, down 51 points while the Nifty is at 5015, up 80 points from its previous close. Normal trading starts at 9:15 AM.

                      The markets open on a negative note with both benchmark indices showing substantial dips with metal being the biggest laggard in opening trades. The Sensex is trading at 16373, down 89 points from its previous close, and the Nifty is at 4895, down 39 points. The CNX Midcap index is down 0.7% while the BSE Smallcap index has lost 0.2%. The market breadth is negative with advances at 171 against declines of 561 on the NSE. 


                     Negative trend continues in the markets with all sectoral indices trading negative. Oil & gas, metal and capital goods are the biggest losers at this hour and banking and auto, too, look weak. The Sensex is trading at 16287, down 174 points from its previous close, and the Nifty is at 4877, down 57 points. The CNX Midcap index is down 1.5% while the BSE Smallcap index has lost 1.9% till now. The market breadth is negative with advances at 214 against declines of 1098 on the NSE.


                      The markets are still reeling under selling pressure with realty, metal, banking, capital goods and auto being the biggest losers at this hour. The Sensex is trading at 16226, down 236 points from its previous close, and the Nifty is at 4856, down 79 points. The CNX Midcap index is down 1.9% while the BSE Smallcap index has lost 2.3% till now. The market breadth is negative with advances at 173 against declines of 1091 on the NSE.


                      The markets still look weak and all sectoral indices are trading negative. The Sensex is trading at 16243, down 219 points from its previous close, and the Nifty is at 4860, down 75 points. The CNX Midcap index is down 1.7% while the BSE Smallcap index has lost 2.4% till now. The market breadth is negative with advances at 188 against declines of 1102 on the NSE.


                      Negative trend continues in the markets with all sectoral indices trading negative. Capital goods and realty are the biggest laggards at this hour and oil & gas, metal and banking, too, look weak. The Sensex is trading at 16343, down 119 points from its previous close, and the Nifty is at 4894, down 40 points. The CNX Midcap index is down 1.1% while the BSE Smallcap index has lost 2.2% till now. The market breadth is negative with advances at 234 against declines of 1063 on the NSE. 


                      The markets are still trading deeply in the red and barring healthcare, all sectoral indices are trading negative. Realty, capital goods and metal are the worst performers at this hour and banking and auto also look weak. The Sensex is trading at 16266, down 196 points from its previous close, and the Nifty is at 4872, down 62 points. The CNX Midcap index is down 1.2% while the BSE Smallcap index has lost 2.1% till now. The market breadth is negative with advances at 234 against declines of 1059 on the NSE.


                      The markets have recovered from the lows of the day, though still trading in the red. Realty, metal, banking and auto are the biggest losers at this hour and healthcare is the only sector that is trading positive. The Sensex is trading at 16366, down 96 points from its previous close, and the Nifty is at 4904, down 31 points. The CNX Midcap index is down 0.9% while the BSE Smallcap index has lost 2% till now. The market breadth is negative with advances at 284 against declines of 1029 on the NSE.


                       The markets recovered significantly from the lows of the day to close with moderate losses. The Sensex closed at 16395 (provisional), down 67 points from its previous close, and the Nifty closed at 4914 (provisional), down 20 points. The CNX Midcap index was down 0.6% and the BSE Smallcap index lost 1.8%. The market breadth was negative with advances at 384 against declines of 920 on the NSE.


                      The markets traded deeply in the red for the most part of the day. However, a positive opening in Europe spurred on the indices and they closed with only moderate losses. Realty, metal, FMCG and auto were the worst performers of today's trade while oil & gas, healthcare and consumer durables made some gains. The Sensex closed at 16371, down 90 points from its previous close, and the Nifty shut shop at 4906, down 29 points. The CNX Midcap index closed with 0.8% loss while the BSE Smallcap index was down 1.9% in today's trade. The market breadth was negative with advances at 348 against declines of 961 on the NSE. The top Nifty gainers were SAIL, Hero MotoCorp, IDFC and Tata Power while the biggest losers included Sesa Goa, ITC, Power Grid and Mahindra & Mahindra.


                      The markets closed with significant losses during the week with both benchmark indices and all sectoral indices closing in the red. Realty and capital goods were the biggest laggards while metal, oil & gas and banking, too, played their role in pulling the markets down. The Sensex was down 4.9% while the Nifty lost 5.24% during the week. The CNX Midcap index was down 6.8%, the BSE Smallcap lost 8.7%, CNX Realty was down 12.3% and the Bank Nifty closed with 4.7% loss. The BSE OilGas lost 7.2%, BSE Metal lost 7.7%, BSE Capital Goods was down 10.2% while the BSE Powerclosed with 9.9% loss over the week. The top Nifty losers during the week were JP Associates, BHEL, Reliance Capital and SAIL.

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