Disqus for www.money99.in

Saturday 5 December 2015

Nifty Fall Nearly 2% On Weak Rupee, US Rate Hike Concerns

Benchmark indices ended the week nearly 2 percent down on account of Chennai rains, weak rupee, some selling pressure by foreign institutional investors and concerns over US interest rate hike, due later this month. This week, Sensex and Nifty slid 490.09 points and 160.80 points to 25,638.11 and 7,781.90 on December 4 from 26,128.20 and 7,942.70 on November 27, respectively. The week saw some buying in metal, healthcare, and real estate stocks while selling was visible in banking, auto, and consumer durables stocks. Among the sectoral indices on the BSE (formerly known as Bombay Stock Exchange), the BSE Bankex tumbled the most - 2.68 percent at 19,325.36 on December 4 from 19,857.73 on November 27, it was followed by BSE Auto index (down 2.12 percent at 18,480.13), BSE Consumer Durables index (down 1.83 per cent to 12,112.48) and BSE TECk (down 1.66 percent at 5,810.54). On the other hand, BSE Metal index, BSE Healthcare index and BSE Realty index gained 1.91 per cent, 0.85 per cent, and 0.35 percent, respectively, during the period. During the week, Tata Steel (up 4.02 per cent), Dr. Reddy's Labs (up 2.97 percent), Sun Pharma (up 2.03 per cent), IndusInd Bank (up 2.03 per cent) and Hindalco Industries (up 2.03 per cent) jumped the most in the Nifty pack. The share price of Punjab National Bank, Bank of Baroda and Bharti Airtel slid 6.93 per cent, 6.44 per cent, and 5.84 percent, respectively, during the week. Gaurav Jain, director, Hem Securities, said, "Status quo monetary policy by RBI, US Fed Chairman Janet Yellen speech indicating a certain hike in its meet during mid of the current month, status quo policy of European Central Bank, weak HSBC Manufacturing PMI of India, continued selling pressure by foreign portfolio investors and weakening of rupee against dollar has created  Indian benchmarks during the week." According to the website of NSDL, foreign institutional investors or foreign portfolio investors remained net sellers in the equity market segment as they sold shares of worth Rs 2,820 crore this week. The rupee fell 0.13 percent to 66.84 levels on December 4 from 66.75 levels on November 27. 


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comentários:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil