Friday, October 26, 2012
Share Market Report For This week
Weak external signal lower than expected results and the market mood was bad. Sensex down 133 points to 18625 and Nifty closed at 5664 down 41 points. With the Giants - with small and midcap stocks also fiercely beaten. Nifty Midcap Index lost 1.5 percent. BSE Smallcap Index slipped 1 percent was. The decline was seen in consumer durables and consumer durables stocks nearly 3 per cent lower. FMCG, Healthcare, PSU, power 1.75 to 1 per cent fall.
Banks, realty, oil & gas, technology stocks was the weakness of 1 to 0.8 per cent IT, metals and capital goods slipped 0.5 to 0.2 per cent. Therefore a market share decline in the auto and auto index gained 0.8 percent.
With the beginning of November series of market decline. Poor international market showed signs of pressure. With most companies expect lower results disappointed the market. Asian markets fall due to weak domestic markets beginning. Nifty below 5700 levels open key. The Sensex lost 100 points in early trading.
In the first hour of trading markets tried to show a slight recovery. However, increasing the market went down and the market moved steadily slipping. With the Giants - with small and medium stocks were also weak.
Asian markets also saw increasing downward pressure on domestic markets. Sensex was down 130 points However, Nifty 5650 rolled toward the saw. Midcap and Smallcap stocks fell 0.5 per cent.