BSE 30-share Sensex was down 222.92 points or 1.32% to 16,632.01. The Sensex opened 136.13 points lower at 16,718.80, also its day's high. It lost 644.49 points at the day's low of 16,210.44 in afternoon trade. The Sensex oscillated 508.36 points during the day.
S&P CNX Nifty was down 63.80 points or 1.27% to 4941.75. Nifty December 2009 futures were at 4953, at a premium of 11.25 points. It hit a low of 4806.70 in intraday trade. Turnover in NSE's futures & options (F&O) segment shrank to Rs 96075.18 crore.
BSE Mid-Cap index fell 1.35% and the BSE Small-cap index fell 2.14%. Both the indices underperformed the Sensex.
BSE Bankex (down 1.41%), the BSE IT index (down 2.20%), the BSE Capital Goods index (down 1.82%), underperformed the Sensex.
BSE Consumer Durables index (down 0.35%), BSE Realty index (down 0.55%), BSE Oil & Gas index (down 1.06%), BSE PSU index (down 1.22%), BSE FMCG index (down 1.20%), BSE Healthcare index (up 0.08%), BSE Teck index (down 1.63%), BSE Metal index (down 1.30%), BSE Power index (down 0.73%), BSE Auto index (down 0.41%), outperformed the Sensex.
Thanks to the $ 80 Billion debt concerns of Dubai nuked the world's financial markets. Indian Stock Market also got hit hard initially in the early trading. However, it staged a strong comeback in second half of the day's trading session. A recovery in European stocks from an initial slide and news that China has pledged to stick with a pro-growth stance in 2010, aided the recovery.
Market Breadth:
Positive 796 Negative 2029 Unchanged 53
From the 30 share Sensex pack, 25 fell and rest rose.
Note:
Amidst the highly intraday volatility, our paid members made moolah both ways. We shorted Nifty Future and bought Nifty 5000 Put at market open. Then at 12:30 pm, we did a lot of cherry picking. Come join our paid service and get immuned to these kind of financial debacles.
Do not forget to read our weekly analysis over the weekend, both for the previous and the week ahead.
S&P CNX Nifty was down 63.80 points or 1.27% to 4941.75. Nifty December 2009 futures were at 4953, at a premium of 11.25 points. It hit a low of 4806.70 in intraday trade. Turnover in NSE's futures & options (F&O) segment shrank to Rs 96075.18 crore.
BSE Mid-Cap index fell 1.35% and the BSE Small-cap index fell 2.14%. Both the indices underperformed the Sensex.
BSE Bankex (down 1.41%), the BSE IT index (down 2.20%), the BSE Capital Goods index (down 1.82%), underperformed the Sensex.
BSE Consumer Durables index (down 0.35%), BSE Realty index (down 0.55%), BSE Oil & Gas index (down 1.06%), BSE PSU index (down 1.22%), BSE FMCG index (down 1.20%), BSE Healthcare index (up 0.08%), BSE Teck index (down 1.63%), BSE Metal index (down 1.30%), BSE Power index (down 0.73%), BSE Auto index (down 0.41%), outperformed the Sensex.
Thanks to the $ 80 Billion debt concerns of Dubai nuked the world's financial markets. Indian Stock Market also got hit hard initially in the early trading. However, it staged a strong comeback in second half of the day's trading session. A recovery in European stocks from an initial slide and news that China has pledged to stick with a pro-growth stance in 2010, aided the recovery.
Market Breadth:
Positive 796 Negative 2029 Unchanged 53
From the 30 share Sensex pack, 25 fell and rest rose.
Note:
Amidst the highly intraday volatility, our paid members made moolah both ways. We shorted Nifty Future and bought Nifty 5000 Put at market open. Then at 12:30 pm, we did a lot of cherry picking. Come join our paid service and get immuned to these kind of financial debacles.
Do not forget to read our weekly analysis over the weekend, both for the previous and the week ahead.
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