Friday 22 March 2013

Nifty Outlook-22 March 2013

Posted by Ways2Capital on Friday, March 22, 2013 with No comments

Nifty ends at fresh 2013 low on weak global cues:
The Nifty extended losses for fifth straight session and hit fresh low of 2013 on the back of weak cues from European peers. Attempts of pull-back were short-lived as the index faced supply pressure near 5,750 levels.
The 50-share index ended at 5,656.65, down 37.75 points or 0.66 per cent. It touched a high of 5,757.75 and a low of 5,647.95 in trade today.
The S&P BSE Sensex closed at 18,768.96, down 115.23 points or 0.61 per cent. It touched a high of 19,082.29 and a low of 18,756.65 in trade today.
The S&P BSE Midcap Index fell 1.11 per cent and the BSE S&P Smallcap Index was down 1.23 per cent.
The S&P BSE Realty Index was down 2.94 per cent, the S&P BSE Capital Goods Index was 2.63 per cent lower, the S&P BSE Power Index slipped 2.46 per cent and the BSE Auto Index declined 2.02 per cent. The S&P BSE IT Index was up 0.37 per cent.
Reliance Infrastructure (6.52 per cent), Jaiprakash Associates (6.36 per cent), Bank of Baroda (4.71 per cent), Tata Power (4.37 per cent) and DLF (4.30 per cent) were among the top Nifty losers.
Bharti Airtel (6.18 per cent), ICICI Bank (3.20 per cent), UltraTech Cement 2.43 per cent), HDFC (2.05 per cent) and M&M (1.37 per cent) were among the top index gainers.
The market breadth was negative on the NSE with 228 gainers against 660 losers.