MARKET 0UTLOOK 25 June 2012 by marketmagnify.com |
The markets lost moderately during the week. The Sensex was up 0.13% while the Nifty was down -0.35% during the week. We can see good support of 5080 in Nifty. |
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The markets lost moderately during the week. The Sensex was up 0.13% while the Nifty was down -0.35% during the week. We can see good support of 5080 in Nifty. I think the Nifty is getting into a range between 5080 and 5218. If Nifty breaks the level of 5080 then we can see the level till 4950-4900
From the global perspective. A quiet start on Wall Street quickly turned into a rout Thursday as the bad news piled up .Commodity prices slumped in early trading after a report said manufacturing in China fell this month. Then, around 10 a.m., the Philadelphia branch of the Federal Reserve reported a sharp contraction in manufacturing in the Northeast. The report, the worst since last August, helped knock the Dow Jones industrial average down about 40 points. ``The news has been horrible out there,'' said Uri Landesman, president of Platinum Partners. ``The U.S. economy is slowing down. And China's growth is definitely under question. ''The Standard & Poor's 500 index lost 22 points to 1,333, a decline of 1.7 Percent. The Nasdaq composite fell 55 points, 1.9 percent, to 2,875. All three major indexes lost their gains for the week. The batch of weak economic reports led a Goldman Sachs analyst to tell clients to place bets against the stock market. The analyst said the S&P 500 index may reach 1,285.
For the week, The Sensex was down -0.35% whiles the Nifty up 0.13% during the week. This week market should be violated due to Expiry.
NEWS AFFECTING INDIAN MARKETS
Government’s wrong policies to blame for Rupee fail.
Reliance Capital Trustee raises stake in Shoppers Stop.
Rupee hit record low of 57.33
Wall Street plunges after weak manufacturing reports.
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