test
Author: shyam
The NIFTY ended on a bullish note, shooting up +4.02% for the week.
Biggest losers were DRREDDY (-0.60%), RANBAXY (+0.10%) and CIPLA (+0.49%).
And the biggest winners were RELINFRA (+18.50%), LT (+17.31%) and STER (+12.03%).
Advancers lead decliners 48 vs 1
Gold: +0.75%, Infrastructure: +4.67%, Banks: +4.45%.
Hope of a Spanish bank bailout, Greek elections going the right way and QE3 coming out of the US prevailed… for now.
Daily news summaries are here.
The NIFTY ended on a bearish note, melting down -1.69% for the week.
Biggest losers were TATAMOTORS (-17.05%), RELINFRA (-7.61%) and RANBAXY (-6.58%).
And the biggest winners were TATAPOWER (+4.31%), AMBUJACEM (+4.26%) and HINDALCO (+4.16%).
Decliners eclipsed advancers 32 vs 17
Gold: +0.25%, Infrastructure: +0.99%, Banks: -0.72%.
Macro news is decidedly bearish: global growth, from US to China, is slowing down, domestic car sales are weakening, commodity prices are taking a hit. It’s only a matter of time before Central Banks will respond with a new round of monetary easing. Expect the ECB to do something.
Daily news summaries are here.
The NIFTY ended on a positive note, drifting up +1.39% for the week.
Biggest losers were SESAGOA (-6.45%), MARUTI (-4.08%) and STER (-4.01%).
And the biggest winners were RANBAXY (+8.95%), RELINFRA (+6.11%) and GAIL (+6.09%).
Advancers lead decliners 29 vs 20
Gold: +0.01%, Infrastructure: -3.93%, Banks: +1.71%.
Daily news summaries are here.
Between Europe blowing up, US economy weakening, China showing cracks and India stagflating the markets have a lot to absorb. Does this mean that the global liquidity tap gets turned on once again: China easing, LTRO part deux, QE3? We live in interesting times…
The NIFTY ended on a negative tone, drifting down -1.48% for the week.
Biggest losers were TATAMOTORS (-13.08%), BHEL (-9.35%) and RELINFRA (-7.85%).
And the biggest winners were SESAGOA (+7.48%), STER (+5.65%) and SBIN (+4.27%).
Decliners eclipsed advancers 32 vs 17
Gold: +1.82%, Infrastructure: +1.21%, Banks: -2.09%.
Daily news summaries are here.