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Market Report

Tuesday, 22-Jan-2013


  • The Sensex, which had gained 284 points in last three trading sessions, commenced the day higher at 20,156.86 before ending with a loss of 120.25 points, or -0.60% at 19,981.57 today. On similar lines, the broad-based National Stock Exchange index Nifty crossed 6,100 mark level for the first time in two years before slipping to close 33.80 points lower, or -0.56% at 6,048.50 today.

  • Selling pressure developed as investors booked profits from the recent upsurge in stocks of auto, power and banking and oil and gas sectors, amid a mixed overseas trend, said brokers. Trading sentiment was hit as global markets depicted a mixed trend as investors awaited cues from key US corporate earnings to be released later today. European indices were showing mixed trend. Asian stocks mostly retreated from early highs in a messy trading day.

  • FMCG major Hindustan Unilever Ltd today reported a 15.59 per cent jump in net profit to Rs 871.36 crore for the third quarter ended December 31, 2012. However, this was lower than street expectations and its shares slipped nearly -2.9% by closing today.

  • Until there is a big reversal of FII money, we are on the right track, says Ajay Srivastava. There is a disbelief in the local system and there is a fond belief in the foreign investors that is a trade off where we are sitting right now, he adds.

  • Markets may take a breather, book profits around 20,000-20,200, says experts. Implementation on reforms have created a positive sentiment, data suggests that substantial incremental money flow into Indian equities is not taking place, they add.

NIFTY 3-Month

(Data/Charts courtesy NSEI/Yahoo!/iCharts/The Economic Times)