MARKET COMMENTARY 9 JULY 2012

Topic :- Time:3.05 PM

NIFTY SPOT DOWN 46 @ 5270
SENSEX DOWN 149 @ 17371
BANK NIFTY FUTURES DOWN 68 @ 10575

Topic :- Time:3.05 PM

Nifty identify if controls to shut above 5290 then it is likely to demonstrate some restoration in future and if it ends below above described stage then it is likely to demonstrate some gradual activity in arriving value dealing classes.


Topic :- Time:2.30 PM

Commodity Corner:
COPPER VIEW:
COPPER is dealing at 424. If COPPER smashes and business below 423.50 then it is likely to demonstrate some revenue arranging and if it controls to business and maintain above 426.50 then it is likely to demonstrate some up move.

Topic :- Time:1.10 PM

Europe has started out in the red and is dealing smooth. Great identify if controls to business and maintain above 5280 then some restoration can adhere to in the marketplace and if it smashes and business below 5260 then some revenue arranging can adhere to in the marketplace. Great to convert unpredictable soon. The industry depth is adverse with developments at 369 against decreases of 1037 on the NSE.

Topic :- Time: 12:30 PM

Commodity Corner:

SILVER VIEW:

SILVER is dealing at 53325 stage. If SILVER controls to business and maintain above 53500 stage then it is likely to demonstrate some more upmove and if it smashes and business below 53000 stage then some revenue arranging can adhere to in it. 

Topic :- Time:12.10 PM

Nifty is now displaying bit of activity. Great identify if smashes and business below 5265 then it is likely to demonstrate some more revenue arranging and if it controls to business and maintain above 5280 then some upmove can be seen in the marketplace. The industry depth is adverse with developments at 387 against decreases of 991 on the NSE.  

Topic :- Time:11.30 AM

News Cover Up:

1. TVS Engine increases 7% on tie-up hype with BMW

2. SBI may review more than dual season on season profit

3. RCom places cost variety of $1.09-$1.32 for Singapore IPO

4. Cairn Indian looks for expansion of Rajasthan contract

5. Essar Tasks looks offshore to defeat slump

6. Technical engineers Indian profits on successful Rs 720-cr BPCL contract

7. Rupee tumbles 48 paise to 55.90/dollar

8. CNG cost hiked by Rs2.90

9. RIL organic gas outcome moves further

10. Tata Energy makes more knowledge in Gujarat students. 

Topic :- Time: 10:30 Pm

Commodity Corner:

CRUDE VIEW:

CRUDE is dealing at 4755 stage. If CRUDE controls to business and maintain above 4770 stage then it is likely to demonstrate some more upmove and if it smashes and business below 4720 stage then some revenue arranging can adhere to in it. 

Topic :- Time:- 10:10 Am

After Gap down starting Great is now dealing in Red area. Great identify if controls to business and maintain above 5310 then it is likely to demonstrate some upmove and if it smashes and business below 5280 stages then Great is likely to demonstrate some revenue arranging. The industry depth is adverse with developments at 453 against decreases of 778 on the NSE.  

Topic :- Time:- 9:50 Am

Commodity Corner:-

OPENING EXPECTATIONS:

GOLD EXPECTED TO OPEN FLAT.

SILVER EXPECTED TO OPEN FLAT.

COPPER EXPECTED TO OPEN FLAT.

CRUDEOIL EXPECTED TO OPEN BULLISH.

NATURALGAS EXPECTED TO OPEN FLAT.

Topic :- Time 9:00 Am

A fall is given at start  due to depressed global cues. US stocks tumbled on Friday following a disappointing monthly jobs report.  High unemployment is one of the major headwinds confronting the developed world. It is likely to stay elevated as growth continues to be anemic. European markets too slumped on Friday with Spanish bond yields back near 7%. Asian markets are mostly in the red this morning. 

Markets around the world are unlikely to find any respite from selling pressure in the near term amid mounting worries over slowing growth. While the Indian market has held up quite well lately, the resilience will be tested in the coming days as companies start reporting Q1 FY13 results.

Investors will keenly track data on industrial production and inflation in the run up to the month-end RBI policy review. Thursday will be a big day for the Indian markets, as apart from the latest IIP data, investors will react to earnings from IT titans Infosys and TCS.

HDFC siblings are also due to announce their results this week along with few other companies. The results season will see a pick up from next week.