Towards the end of the session, selling came in and the market closed below that overhead resistance of 5,630. So, the market did not make too much headway, with a high level of uncertainty on the first day of the Parliament session.
But stocks that helped the Nifty today include SBI and Axis Bank . Both those bank stocks did well. L&T was strong. Ambuja , ITC and NTPC were some of the other heavyweights which pulled the Nifty along and the CNX-IT Index led by Infosys , Wipro and HCL Tech did quite well.
But Tata Motors had a bad day and lost 2.5 percent. Stocks like Reliance , ICICI Bank also disappointed somewhat and that's why the Nifty could not quite cross over that hump.
The breadth was okay, just slightly ahead on the advanced line compared to the declines and some big moves in stocks like Hindustan Copper , because of the low float ahead of the government's stake-sale, was up 10 percent today.
Other stocks which did well - Apollo Tyres , Crompton Greaves , Zee , TV18 , Union Bank , IRB Infra and some of those state-run NBFCs like PTC and REC also did quite well.
But Pantaloon reacted on the way down because of the lingering uncertainty due the stalemate in Parliament on FDI in retail on which the BJP and the Left pressed for a vote and the government refused to consent. Pantaloon was down 5 percent.
Jet Airways also was down. City Union Bank came off quite a bit and stocks like Tata Coffee , Titan and S Kumars were causalities in today's trade on the midcap side.
All-in-all, a flat session tinges of disappointment that important resistances could not be crossed today.
Anda sedang membaca artikel tentang
Mkt disappoints as Parliament stalls on Day 1: Udayan
Dengan url
https://mimumanbersoda.blogspot.com/2012/11/mkt-disappoints-as-parliament-stalls-on.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Mkt disappoints as Parliament stalls on Day 1: Udayan
namun jangan lupa untuk meletakkan link
Mkt disappoints as Parliament stalls on Day 1: Udayan
sebagai sumbernya
0 komentar:
Posting Komentar