s
DAILY EQUITY UPDATE
04 Dec 2009
NEWS UPDATES
• Bhagyanagar India bought back and cancelled ten foreign
currency convertible bonds aggregating $1 million at a
discount.
• Shares of three oil exploration firms fell after crude oil
prices declined 58 cents in the Asian electronic trading on
Friday, 4 December 2009
• Shares of three oil marketing companies gained after crude
oil slipped 58 cents in the Asian electronic trading on
Friday, 4 December 2009
• Reliance Infrastructure won a road project worth Rs 1725
crore in Maharashtra from the National Highways Authority
of India
POST MARKET
The BSE Sensex closed lower by 84.14 points at 17,101.54 and NSE
Nifty ended down by 22.80 points 5,108.90. BSE Midcap closed with
losses of 12.58 points at 6,600.97, whereas Smallcap closed with
gains 29.47 points at 7,852.43. The BSE Sensex touched intraday
high of 17,291.83 and intraday low of 17,032.81. Among the Sensex
pack 19 stocks ended in red territory and 11 in green. The market
breadth indicating the overall health of the market remained flat as
1375 stocks closed in green while 1431 stocks closed in red and 61
stocks remained unchanged in BSE. The S&P CNX Nifty is down by
22.80 points or -0.44% to 5108.90. The NSE turnover was down Rs.
14864.13 from last trading session’s Rs. 16257.61 Crore.
OUTLOOK
Index opened on the negative note due to mixed cues from
the global indices & remained in a range for the third
consecutive session. As we have mentioned in our
yesterday’s newsletter that it may take couple of sessions to
breakout & accordingly closed flat in the end. In the intraday
chart, it’s trading in flag pattern which is bullish indeed as per
the current market scenario. Keeping in mind the global
indices, they are maintaining upward biased momentum &
even some o