Nifty 8087 /Sensex 26231/ Bank Nifty 18248
7 Advances /43 Declines/ 1 Unchanged
“Sensex down 329pts, Nifty below 8100 ahead of Italian referendum”
Benchmark indices as well as broader markets lost more than 1 percent Friday on global weakness. Investors maintained cautious stance ahead of Sunday's referendum in Italy & US non-farm payrolls data due later today. Fears of likely delay in GST implementation also caused selling pressure while the RBI announcement on market stabilization scheme (MSS) failed to cap the downside.
The 30-share BSE Sensex plunged 329.26 points or 1.24 percent to 26230.66 and the 50-share NSE Nifty was down 106.10 points or 1.30 percent at 8086.80, continuing downtrend for the second consecutive session. About two shares declined for every share on the BSE.
Going ahead, apart from the Italian referendum and US non-farm payrolls data, markets will be influenced by the RBI action on MSS as well as the rate decision in the ensuing policy meeting next week, Dipen Shah of Kotak Securities said.
The US Fed meet mid-month will also be keenly watched. While a rate hike is widely expected, markets will watch out for the comments accompanying the decision, Shah feels.
According to Vibhav Kapoor of IL&FS, the emerging markets are unlikely to do well in the near-term owing to a stronger dollar and rise in US bond yields. He sees huge amounts of money flowing back from the EMs to the US.
He says demonetisation or not, the Indian market is bound to suffer due to this in the near-term. Nifty, he says, is sure to break the Brexit day low point of 7,927 points.
FII/FPI & DII trading activity on NSE, BSE and MSEI
FII/FPI trading activity on NSE, BSE and MSEI on Capital Market Segment
The following is combined FII/FPI trading data across NSE, BSE and MSEI collated on the basis of trades executed by FIIs/FPIs:
FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category:FII/FPI Date:02 -Dec-2016 Buy Value:4040.4 Sell Value:4231.92 Net Value:-190.52
Domestic Institutional Investors trading activity on NSE, BSE and MSEI on Capital Market Segment
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System
DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category:DII Date:02-Dec-2016 Buy Value:1637.36 Sell Value:2055.94 Net Value:-418.58
Top Weekly Gainers
Eicher Motors Gains 12.53% Range (20223—22756)
Bharti Infratel Gains 8.52% Range (356—386)
Bosch Gains 8.07% Range (18841—20362)
Grasim Industries Gains 6.04% Range (823—872)
Top Weekly Losers
Hindalco Looses -6.51% Range (181—169)
BPCL Looses -4.89% Range (639—608)
Tata Motors Looses -4.30% Range (452—433)
Asian Paints Looses -4.29% Range (945—905)
Key Results Today
Ballarpur Ind
Ratan Power
OUR RECOMMENDATIONS
Our call to Buy TATA Elxsi (Fut) around 1310 proved great as it flared and made high of 1330 before settling at 1318 on closing. We booked part profit at 1330 even in such volatile market.
[Profit of 6000 on 1 Lot]
In Morning we clearly indicated that CMP 416 Dredging Corp has immediate support at 408 and resistance at 424
"Look What Happened"
Today It and made a high of 423 and also low of 404.20 before closing at 405.45.
Now what to expect???
Nifty and Bank Nifty future levels
Nifty has support at 8070 and resistance at 8150--8230
Break and sustain below 8070 will take Nifty to 8020---7965 mark else it could test its resistance level of 8150 and then to 8190---8230 again.
Further upside rally will see only close above 8230 mark.
-On the other hand....
Bank Nifty has crucial Support intact at 18200 and resistance at 18650.
Break and Sustain below 18200 will see sharp downside panic else it can test its resistance again.
Trade with levels only.
Today's Top Pick
Today's top pick will update during market hours
More will update soon!!
