Stock Markets On The Run

Short Market Update:

BSE went above 20K
NSE went above 6K

Both NSE and BSE are looking pretty steady

Markets Slip in Red back After Opening On A Very Strong Note

The markets slipped back into red on the back of profit booking witnessed across all the sectors. Stocks that have slipped in red include oil & gas, pharma, FMCG and realty index. Consumer durable and metal index was still holding up in green. Smallcap index was still strong, however midcap has pared most of its gains.

Stock Markets opened very high in the morning at 300+ for BSE and 100+ for NSE.

Market breadth was still in positive but the gap has narrowed down from the early trade level. On NSE over 800 stocks were up and nearly 400 stocks were on the downside.

Second Day In Succession Stock Markets Dip Further Down

Stock markets opened on weak note toady and proceeded to trade weak for most part of the the day amid sharp volatility and ended with deep cut. Metal, banking, power, cap goods and realty stocks traded under tremedous pressure for most part of the day, however pharma, durables and FMCG stocks were better than yesterdays situation.

Market remained negative all day long. It was disappointing day for the midcap and smallcap counters which has been outperforming the frontliners for some time. Despite the fct of dipping there was substansial number of stock trading going on throughtout the day.

Second Day In Succession Stock Markets Dip Further Down where BSE was down by over 180 points and NSE was down by over 34 points for the day

Rising inflation Not Good For European Stock Markets

Martin at CNBC in Europe says that unless the money markets get unstuck from some of the central bank auctions, it will be difficult situation going into January, with slowing economic growth coupled with rising inflation painting a very gloomy economic picture and putting downward pressure on European equity prices.

A fair point that can be made from here will be to stay away from trding in you are looking short term gains.

Stock Market Trends

The blog stock market trends mostly keeps an eye on asian markets. Early next year we will start focusing on Europian and American markets also.

Stock Markets plunge Below 20,000 After Staying There For Almost A Week

Stock Markets had a nice run and stayed above 20K for more than a week before it plunged more than 700 points in a single day trade.

The stock markets opened on a weak note today along with other global stock markets proceeded to trade weak all day long and finally ended in deep red despite heavy profit booking in last hour of trading session. Huge amount of selling was seen in the metal, realty, power and oil & gas.

Banking, auto and cap good stocks were also not able to stay up however pharma and FMCG stocks were least effected by the free fall of stocks across the board in first half but slipped in second half of the session.