Serving 42,000+ members
Create New Account Login
 

MARKET OUTLOOK by marketmagnify.com

Get Free Stock Tips, Intraday Trading Tips and Indian Share Market Tips today on your mobile. In India, we are the best Stock Future Tips provider for commodity, equity and mcx.

Market Press Release April 26, 2012 10:20 am
Contact Information
marketmagnify.com
A-4, Fifth Floor, BCM City
Navlakkha Square, Indore
- 452009
India
+ 91 - 731 - 661 8000
info@marketmagnify.com
 
The markets lost moderately during the week with realty and IT being the worst performers. The Sensex was down 1.5% while the Nifty lost 1.2% during the week. After a strong rally of eight weeks I think the Nifty is getting into a range between
5,350 and 5,500. There are three events lined up in the next 10 days, so this range should hold for a few days before the trigger comes.

From the global perspective, Stocks have proven the naysayers wrong so far in 2012. And the February jobs report could be just the ticket to keep the bulls going next week. The Standard & Poor's 500 is up for eight of the last nine weeks. This
week, the Dow closed above the 13,000 mark for the first time since May 2008, and the S&P 500 twice closed above 1,370, a closely watched technical resistance level

For the week, The Sensex was down 1.5% while the Nifty lost 1.2% during the week. The market is expected to remain volatile next week due to uncertainties over elections results in five states due on Tuesday, 6 March 2012. The stock market
remains closed on Thursday, 8 March 2012, on account of Holi.


NEWS AFFECTING INDIAN MARKETS
. US unemployment claim came at 351K .
. Reliance Industries increased its stake in hospitality firm EIH to 18.53%.
. Q3 GDP at 6.1% vs. 6.9% q/q, Manufacturing - 0.4% vs. 7.8% YoY, Industry - 2.6% vs. 7.6% YoY, Mining (-)3.1% vs. 6.1% YoY, Services (-) 8.9% vs. 7.7% YoY.
. India's foreign exchange reserves rose to USD 295.048 billion from USD 293.440 billion in the previous week.


For more information, visit: http://www.marketmagnify.com

Related Tags: MARKET OUTLOOK, Indian Share Market Tips, Stock Tips

Disclaimer

If you have any questions regarding information in this press release, please contact the person listed in the Contact / Company information box of this page. Please do not attempt to contact Market Press Release. We will be unable to assist you with any information regarding this release. Market Press Release disclaims any content contained in this press release.
Related Press Releases In This Category
  Mainly parts of the needle detector from famous Chine manufacturer Hengxin Machinery
  Singapore Franchise Opportunity Press Release
  Cummins engine should be the mainstream of today's engine industry
  Let all of Nike soccer cleats fanciers enhance knowledge of the creation of Nike Mercurial SL
  Professional drain cleaning Enfield