The Professional Ticker Reader TM

Your accurate, authentic and affordable guide to investing

Jan 01, 2005

Markets log record highs. Sensex gains 105 points.

Higher volumes, positive breadth as the year ends on bullish note.

Weekly statistics

Indices	Open	High	Low	Close	Change
BSE - 30	6484	6617	6469	6602	104.63
BSE - 200	871	888	868	886	15.02
NSE - 50	2061	2088	2046	2080	17.80
Dow Jones	10783  44	Nasdaq	2175  15	FTSE	4814  16
Advances	8433	Declines	7299	Put / Call trades - 44084 : 159710
FII Investments	Rs  5807 Crs Dec 1 - 30		Domestic Funds	Rs  365 Crs Dec 1 - 30

The BSE & NSE combined weekly value of shares advancing was Rs. 32,769 crores ( previous week Rs 32,448 crores ) and the value of shares declining was Rs. 15,019 crores  ( previous week Rs 13,021 crores ). This indicates a buying bias. The total weekly traded volume on the BSE was Rs. 23,922 Crores ( previous week Rs 21,030 Crores ). The total weekly traded volume on the NSE was Rs. 24,423 Crores ( previous week Rs 24,827 Crores ).

The week gone by has seen a bullish undertone as the benchmark indices continued their upmove for the third week in a row.  The traded volumes were marginally higher then the previous week and the sentiments were clearly bullish. The positive market breadth shows a level of confidence in the markets among the bulls that re-affirms our faith in the sustainability of the upmove. The FII inflows continued unabated and the year closed with a record high closing. The Sensex was boosted by ACC, Bajaj Auto, Bharti Tele, BHEL, Cipla, Dr Reddy, Grasim, Guj Amb Cements, HDFC, HDFC Bank, Hero Honda, HPCL, Hindalco, Infosys, ITC, L&T, Ranbaxy, Reliance Inds, Satyam Computers, SBI, Tata Power and Tisco. The Sensex was dragged down by Hind Lever, ICICI Bank, Maruti, MTNL, ONGC, Reliance Energy, Telco, Wipro and Zee Telefilms. The Rupee ended the week at 43.42 levels ( 00.37 ) against the US $. Overall, the week was completely in line with our expectations. Click here to view the previous weeks report.

Top I Derivatives guide I Likely triggers I Technicals I Reco's I Print this page I Close window

• The markets are likely to take note of crude prices which are easing at US $ 43.45 / barrel ( previous week US $ 44.18 / barrel ).

• The FII inflows are continuing to remain positive inspite of the holiday season and Rs 580 Crs inflows were reported in the first 4 days of the week.

• The strong INR v/s the US $ is likely to keep the technology stocks suppressed. Being heavily weighted in the indices, tech stocks are likely to be a minor drag on the indices.

• The F&O indicators point towards a marginal fall in the open interest after expiry. The bears show a tendency towards squaring up shorts at lower levels. That signals an optimistic approach.

• The coming weeks will see two main triggers - earnings and FII allocation figures. Players need to watch the newsflow on these fronts.

• The market breadth points towards a bullish undertone and the profit taking at higher levels is getting absorbed.

• The overseas markets have shown a lack lustre mood as the holidays impacted the trading volumes.

Top I Derivatives guide I Likely triggers I Technicals I Reco's I Print this page I  Close window

Technicals

This segment is for paid subscribers only.

Top I Derivatives guide I Likely triggers I Technicals I Reco's I Print this page I Close window

Have a profitable day.

 

Vijay L Bhambwani

Ceo :- Bsplindia.com

The author is a Mumbai  based investment consultant and invites feedback at Vijay@BSPLindia.com and  ( 022 ) 23438482 / 23400345.

SEBI disclosure -  The author has no positions in  the stocks mentioned above.

---

Legal  notice :-  The Professional  Ticker  Reader  is a  trademark  of  Bhambwani  Securities (P) Ltd.  and  any un-authorised  replication / duplication  in part or full  will  be infringing  our  trademark and  will  result in  legal  action  being  enforced  on  the  infringing  persons / parties.

---

While all due care has been taken while in compiling the data enclosed herein, we cannot be held responsible for errors, if any, creeping in. Please  consult  an  independent  qualified  investment  advisor  before  taking  investment  decisions. This mail is not sent unsolicited, and only advisory in nature. We have accepted no consideration from any company mentioned above and recommend taking decisions on merits of the stocks from our viewpoint. This email is being sent to you as a paid subscriber. Please protect your interests and ours by not disclosing the contents to any un-authorised  person/s.