What dragged Nifty below 5400? Global cues, IIP or profit booking

What dragged Nifty below 5400? Global cues, IIP or profit booking
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What dragged Nifty below 5400? Global cues, IIP or profit booking
  • 
	NIFTY CLOSES BELOW 5400 ON WEAK GLOBAL CUES

	
	>Sensex recovers more than half of its losses in last hour of trade but closes 109 points down
	>Downtrend in global markets (worried about Greek debt deal) negatively impact sentiments
	>Profit booking too weighs heavy on Nifty, which rallies quite sharply to reach 5400 mark
	>Overall, bears could not take full charge of street, which suggests that traders still look optimistic about the market in near term
	 

	Let see how the day panned out...

    NIFTY CLOSES BELOW 5400 ON WEAK GLOBAL CUES >Sensex recovers more than half of its losses in last hour of trade but closes 109 points down >Downtrend in global markets (worried about Greek debt deal) negatively impact sentiments >Profit booking too weighs heavy on Nifty, which rallies quite sharply to reach 5400 mark >Overall, bears could not take full charge of street, which suggests that traders still look optimistic about the market in near term   Let see how the day panned out...

  • 
	US MKTS CLOSE MODERATELY HIGHER ON THURSDAY

	
	>Greece polity finally has an agreement on austerity; Greek Finance Minister says they have struck a deal with private bondholders
	>Deal now goes to troika for their approval; but the ratification will take time. 
	>Greece has been given time till Wednesday to identify €325mn in spending cuts 
	>ECB relaxed its collateral rules for banks’ access to LTRO
	>BoE increased its quantitative easing by £ 50 billion to £ 325 billion
	>US initial jobless claims fall by a sizeable 15000 to 3,58,000; consensus expected 3,70,000 

    US MKTS CLOSE MODERATELY HIGHER ON THURSDAY >Greece polity finally has an agreement on austerity; Greek Finance Minister says they have struck a deal with private bondholders >Deal now goes to troika for their approval; but the ratification will take time.  >Greece has been given time till Wednesday to identify €325mn in spending cuts  >ECB relaxed its collateral rules for banks’ access to LTRO >BoE increased its quantitative easing by £ 50 billion to £ 325 billion >US initial jobless claims fall by a sizeable 15000 to 3,58,000; consensus expected 3,70,000 

  • 
	NIFTY HOLDS 5400 AMID CHOPPY TRADE

	
	>Reliance, ONGC up 0.4-0.6%; HPCL up 7% post Q3 numbers; BPCL, IOC up 3%
	>Tata Steel, Tata Power up 2.5%; Tata Motors, Bharti up 0.7%;
	>L&T up 1.2%, SBI, ITC up 0.5%
	>Infosys, ICICI Bank, TCS, Wipro down 0.3-0.7%; DLF down 2.5%
	>Asian shares ease on Greek deal doubts; even SGX Nifty (down 35 points) pointing to a negative opening 

    NIFTY HOLDS 5400 AMID CHOPPY TRADE >Reliance, ONGC up 0.4-0.6%; HPCL up 7% post Q3 numbers; BPCL, IOC up 3% >Tata Steel, Tata Power up 2.5%; Tata Motors, Bharti up 0.7%; >L&T up 1.2%, SBI, ITC up 0.5% >Infosys, ICICI Bank, TCS, Wipro down 0.3-0.7%; DLF down 2.5% >Asian shares ease on Greek deal doubts; even SGX Nifty (down 35 points) pointing to a negative opening 

  • 
	DECEMBER IIP SLOWS DOWN AT 1.8% VERSUS 5.9% MOM

	
	>Capital Goods growth at (16.5%) in Dec versus (4.6%) in Nov
	>Mining growth at (3.7%) versus (4.4%)
	>Manufacturing goods growth at 1.8% Vs 6.6%
	>Consumer durables growth at 5.3% Vs 11.2%
	>Non-durable consumer goods growth at 13.4% Vs 14.8%
	>Consumer Goods growth at 10% Vs 13.1%
	>Electricity growth at 9.1% Vs 14.6%
	>Basic Goods growth at 4% Vs 6.3%

    DECEMBER IIP SLOWS DOWN AT 1.8% VERSUS 5.9% MOM >Capital Goods growth at (16.5%) in Dec versus (4.6%) in Nov >Mining growth at (3.7%) versus (4.4%) >Manufacturing goods growth at 1.8% Vs 6.6% >Consumer durables growth at 5.3% Vs 11.2% >Non-durable consumer goods growth at 13.4% Vs 14.8% >Consumer Goods growth at 10% Vs 13.1% >Electricity growth at 9.1% Vs 14.6% >Basic Goods growth at 4% Vs 6.3%

  • 
	AT 12 PM: NIFTY BELOW 5400 ON WEAK GLOBAL CUES

	
	>Significant slowdown of December industrial output growth at 1.8% as against 5.9% month-on-month did not see much reaction in the market.
	>Infosys, ICICI Bank, Reliance down around 1%
	>HDFC Bank, TCS fall 0.4%; Maruti, Sterlite, Hindalco down 1.5-2%
	>Tata Steel up 4.4%; Bharti, Tata Motors, L&T, ONGC, Wipro, NTPC up 0.3-0.9%
	>Asian markets too down 0.6-1.2%; only Shanghai falls just 0.3% 

    AT 12 PM: NIFTY BELOW 5400 ON WEAK GLOBAL CUES >Significant slowdown of December industrial output growth at 1.8% as against 5.9% month-on-month did not see much reaction in the market. >Infosys, ICICI Bank, Reliance down around 1% >HDFC Bank, TCS fall 0.4%; Maruti, Sterlite, Hindalco down 1.5-2% >Tata Steel up 4.4%; Bharti, Tata Motors, L&T, ONGC, Wipro, NTPC up 0.3-0.9% >Asian markets too down 0.6-1.2%; only Shanghai falls just 0.3% 

  • 
	AT 2:16 PM: SENSEX FALLS 150 PTS ON PROFIT BOOKING

	
	>Reliance, Infosys, ICICI Bank, HDFC Bank, HDFC, L&T, SBI, HUL, BHEL down 1-1.5%
	>Hindalco tanks 4%; M&M, Sterlite fall 2.5%
	>Tata Steel gains 3.8%; Bajaj Auto up 1%
	>European markets down 0.5-1% on doubts over Greek debt deal 

    AT 2:16 PM: SENSEX FALLS 150 PTS ON PROFIT BOOKING >Reliance, Infosys, ICICI Bank, HDFC Bank, HDFC, L&T, SBI, HUL, BHEL down 1-1.5% >Hindalco tanks 4%; M&M, Sterlite fall 2.5% >Tata Steel gains 3.8%; Bajaj Auto up 1% >European markets down 0.5-1% on doubts over Greek debt deal 

  • 
	TATA STEEL SHOOTS UP 5%

	
	>Share gains even after the company posted loss of Rs 687 cr in October-December quarter of FY12 (for the first time in more than two years) as against net profit of Rs 949 cr in a  year ago quarter
	>It was because of higher raw material costs and weak prices in Europe
	>Stock may have seen short covering to gain 5.3% today (it had opened with 3% loss today)

    TATA STEEL SHOOTS UP 5% >Share gains even after the company posted loss of Rs 687 cr in October-December quarter of FY12 (for the first time in more than two years) as against net profit of Rs 949 cr in a  year ago quarter >It was because of higher raw material costs and weak prices in Europe >Stock may have seen short covering to gain 5.3% today (it had opened with 3% loss today)

  • 
	STOCKS IN NEWS

	
	>Shasun Pharma's (stock ends up 20%) Q3 net profit rises 9722% to Rs 12.6 cr YoY
	>Tayo Roll (up 20%) makes allotment of 85 lakh non-cumulative redeemable perferential shares to Tata Steel at Rs 100/sh
	>CBI officials raid Aurobindo Pharma (down 6%) facility in Hyderabad, which linked to Jagan illegal assets case
	>Numeric Power (up 20%) to sell UPS operations (85% of total company) for Rs 837 cr to Legrand France arm; current market cap at Rs 236 cr

    STOCKS IN NEWS >Shasun Pharma's (stock ends up 20%) Q3 net profit rises 9722% to Rs 12.6 cr YoY >Tayo Roll (up 20%) makes allotment of 85 lakh non-cumulative redeemable perferential shares to Tata Steel at Rs 100/sh >CBI officials raid Aurobindo Pharma (down 6%) facility in Hyderabad, which linked to Jagan illegal assets case >Numeric Power (up 20%) to sell UPS operations (85% of total company) for Rs 837 cr to Legrand France arm; current market cap at Rs 236 cr

  • 
	STOCKS IN NEWS

	
	>Hotel Leela posts net loss of Rs 99.6 cr in Q3 Vs profit of Rs 22 cr YoY
	>BPCL posts net profit of Rs 3,140 cr in Q3 Vs Rs 187 cr YoY; subsidy at Rs 3,573 cr vs Rs 1,171 cr YoY
	>Moser Baer posts Q3 net loss at Rs 95.9 cr Vs loss of Rs 116 cr YoY; forex loss at Rs 40.4 cr
	>Jindal Poly Films' Q3 net profit falls 93% to Rs 16.3 cr; net sales down 31% to Rs 505 cr YoY
	>HPCL posts Q3 PAT at Rs 2725 cr boosted by govt subsidy Vs Rs 211 cr YoY

    STOCKS IN NEWS >Hotel Leela posts net loss of Rs 99.6 cr in Q3 Vs profit of Rs 22 cr YoY >BPCL posts net profit of Rs 3,140 cr in Q3 Vs Rs 187 cr YoY; subsidy at Rs 3,573 cr vs Rs 1,171 cr YoY >Moser Baer posts Q3 net loss at Rs 95.9 cr Vs loss of Rs 116 cr YoY; forex loss at Rs 40.4 cr >Jindal Poly Films' Q3 net profit falls 93% to Rs 16.3 cr; net sales down 31% to Rs 505 cr YoY >HPCL posts Q3 PAT at Rs 2725 cr boosted by govt subsidy Vs Rs 211 cr YoY

  • 
	SENSEX LOGS 6TH WEEK OF GAIN, ENDS DAY WITH 85 PTS LOSS

	
	>Market gains 1% for week, though it ends lower today
	>It continues its one way move for 6th consecutive week, gaining 15% on Sensex and over 16% on Nifty in last six weeks
	>Rahul Mohindar of viratechindia.com feels that today’s move is not really a savage down move.
	>"We still have been moving in a range of 5,320-5,400-5,420. These kind of intraday corrections are quite expected. If 5,300 breaks, we might see the odd 100-120 point fall coming. But over the next one or two months 5,600 is on the cards" he reasoned

    SENSEX LOGS 6TH WEEK OF GAIN, ENDS DAY WITH 85 PTS LOSS >Market gains 1% for week, though it ends lower today >It continues its one way move for 6th consecutive week, gaining 15% on Sensex and over 16% on Nifty in last six weeks >Rahul Mohindar of viratechindia.com feels that today’s move is not really a savage down move. >"We still have been moving in a range of 5,320-5,400-5,420. These kind of intraday corrections are quite expected. If 5,300 breaks, we might see the odd 100-120 point fall coming. But over the next one or two months 5,600 is on the cards" he reasoned

  • 
	NIFTY CLOSES BELOW 5400 ON WEAK GLOBAL CUES

	
	>Sensex recovers more than half of its losses in last hour of trade but closes 109 points down
	>Downtrend in global markets (worried about Greek debt deal) negatively impact sentiments
	>Profit booking too weighs heavy on Nifty, which rallies quite sharply to reach 5400 mark
	>Overall, bears could not take full charge of street, which suggests that traders still look optimistic about the market in near term
	 

	Let see how the day panned out...
  • 
	US MKTS CLOSE MODERATELY HIGHER ON THURSDAY

	
	>Greece polity finally has an agreement on austerity; Greek Finance Minister says they have struck a deal with private bondholders
	>Deal now goes to troika for their approval; but the ratification will take time. 
	>Greece has been given time till Wednesday to identify €325mn in spending cuts 
	>ECB relaxed its collateral rules for banks’ access to LTRO
	>BoE increased its quantitative easing by £ 50 billion to £ 325 billion
	>US initial jobless claims fall by a sizeable 15000 to 3,58,000; consensus expected 3,70,000 
  • 
	NIFTY HOLDS 5400 AMID CHOPPY TRADE

	
	>Reliance, ONGC up 0.4-0.6%; HPCL up 7% post Q3 numbers; BPCL, IOC up 3%
	>Tata Steel, Tata Power up 2.5%; Tata Motors, Bharti up 0.7%;
	>L&T up 1.2%, SBI, ITC up 0.5%
	>Infosys, ICICI Bank, TCS, Wipro down 0.3-0.7%; DLF down 2.5%
	>Asian shares ease on Greek deal doubts; even SGX Nifty (down 35 points) pointing to a negative opening 
  • 
	DECEMBER IIP SLOWS DOWN AT 1.8% VERSUS 5.9% MOM

	
	>Capital Goods growth at (16.5%) in Dec versus (4.6%) in Nov
	>Mining growth at (3.7%) versus (4.4%)
	>Manufacturing goods growth at 1.8% Vs 6.6%
	>Consumer durables growth at 5.3% Vs 11.2%
	>Non-durable consumer goods growth at 13.4% Vs 14.8%
	>Consumer Goods growth at 10% Vs 13.1%
	>Electricity growth at 9.1% Vs 14.6%
	>Basic Goods growth at 4% Vs 6.3%
  • 
	AT 12 PM: NIFTY BELOW 5400 ON WEAK GLOBAL CUES

	
	>Significant slowdown of December industrial output growth at 1.8% as against 5.9% month-on-month did not see much reaction in the market.
	>Infosys, ICICI Bank, Reliance down around 1%
	>HDFC Bank, TCS fall 0.4%; Maruti, Sterlite, Hindalco down 1.5-2%
	>Tata Steel up 4.4%; Bharti, Tata Motors, L&T, ONGC, Wipro, NTPC up 0.3-0.9%
	>Asian markets too down 0.6-1.2%; only Shanghai falls just 0.3% 
  • 
	AT 2:16 PM: SENSEX FALLS 150 PTS ON PROFIT BOOKING

	
	>Reliance, Infosys, ICICI Bank, HDFC Bank, HDFC, L&T, SBI, HUL, BHEL down 1-1.5%
	>Hindalco tanks 4%; M&M, Sterlite fall 2.5%
	>Tata Steel gains 3.8%; Bajaj Auto up 1%
	>European markets down 0.5-1% on doubts over Greek debt deal 
  • 
	TATA STEEL SHOOTS UP 5%

	
	>Share gains even after the company posted loss of Rs 687 cr in October-December quarter of FY12 (for the first time in more than two years) as against net profit of Rs 949 cr in a  year ago quarter
	>It was because of higher raw material costs and weak prices in Europe
	>Stock may have seen short covering to gain 5.3% today (it had opened with 3% loss today)
  • 
	STOCKS IN NEWS

	
	>Shasun Pharma's (stock ends up 20%) Q3 net profit rises 9722% to Rs 12.6 cr YoY
	>Tayo Roll (up 20%) makes allotment of 85 lakh non-cumulative redeemable perferential shares to Tata Steel at Rs 100/sh
	>CBI officials raid Aurobindo Pharma (down 6%) facility in Hyderabad, which linked to Jagan illegal assets case
	>Numeric Power (up 20%) to sell UPS operations (85% of total company) for Rs 837 cr to Legrand France arm; current market cap at Rs 236 cr
  • 
	STOCKS IN NEWS

	
	>Hotel Leela posts net loss of Rs 99.6 cr in Q3 Vs profit of Rs 22 cr YoY
	>BPCL posts net profit of Rs 3,140 cr in Q3 Vs Rs 187 cr YoY; subsidy at Rs 3,573 cr vs Rs 1,171 cr YoY
	>Moser Baer posts Q3 net loss at Rs 95.9 cr Vs loss of Rs 116 cr YoY; forex loss at Rs 40.4 cr
	>Jindal Poly Films' Q3 net profit falls 93% to Rs 16.3 cr; net sales down 31% to Rs 505 cr YoY
	>HPCL posts Q3 PAT at Rs 2725 cr boosted by govt subsidy Vs Rs 211 cr YoY
  • 
	SENSEX LOGS 6TH WEEK OF GAIN, ENDS DAY WITH 85 PTS LOSS

	
	>Market gains 1% for week, though it ends lower today
	>It continues its one way move for 6th consecutive week, gaining 15% on Sensex and over 16% on Nifty in last six weeks
	>Rahul Mohindar of viratechindia.com feels that today’s move is not really a savage down move.
	>"We still have been moving in a range of 5,320-5,400-5,420. These kind of intraday corrections are quite expected. If 5,300 breaks, we might see the odd 100-120 point fall coming. But over the next one or two months 5,600 is on the cards" he reasoned

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