Indian Ticker : Choose Right Stocks that Ticks Money

The key equity averages are likely to open negative as Asian markets are trading with losses. The Asian stocks declined amid escalating tensions in the Middle East. The broader Topix slid 1.5% to 960.32, with almost seven times as many shares declining as advancing.

In line with this, Japan’s Nikkei 225 Stock Average fell 1.96% or 213.15 points to 10,644.38. Japanese stocks plunged as a result of exporters sold off amid concerns that the yen”s strength against the dollar could weigh on their profits. Besides, downgrade of the country’s debt rating by Moody’s Investors Service also dampened investor sentiment.

Shanghai Composite is down by 0.7% to 2,911.60 while Hang Seng Index declined by 1.7% to 23,085.58. Separately, Straits Times and Seoul Composite are trading down by 1.21% and 2.31% respectively. In the domestic arena, the markets are likely to follow the rout of global counter part and trade range-bound with downside movement. Metal, IT and Oil&Gas pivotals will be in focus today.

On Monday, The domestic bourses ended the first session of the week on a robust note after a jittery start as the IT space witnessed buying interest during the final hour of trade. The Asian stocks halted its three day rally during the morning trade amidst escalating tensions in the Middle East. Reports of gunfire in the Libyan capital Tripoli and several quarters of the city, oil prices spiked in early trade thus dragging down the stocks. Besides, China””s latest hike of banks”” reserve requirement ratio also dampened investors’ sentiment. Soon after opening on the higher side, the benchmark indices dipped into the negative and started trading volatile thereafter across the baseline. The sentiment remained jittery during the first half and the indices plunged further post mid-session. However, the Nifty took support near the 5,410 mark and witnessed a V-shaped recovery towards the end as the IT majors witnessed substantial buying. The Oil&Gas, Metal and Banking space also well supported the market rally. The negative sentiment among the European peers has failed to make any impact in the domestic arena.

The BSE SENSEX was at 18438.31 up by 226.79 points or by 1.25% and then NSE Nifty was at 5518.6 up by 59.65 points or by 1.09%. The BSE MIDCAP was at 6659.18 down by 2.47 points or by 0.04%, while the BSE SMALLCAP was at 8121.26 down by 7.65 points or by 0.09 %. The BSE Sensex touched intraday high of 18457.49 and intraday low of 18082.66.

The FIIs on Monday stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs 2,845.7 Crore and gross debt purchased stood at Rs 350.2 Crore, while the gross equity sold stood at Rs 2,601.2 Crore and gross debt sold stood at Rs 567.2 Crore. Therefore, the net investment of equity and debt reported were Rs 244.5 Crore and Rs (217.0) Crore respectively.

Top traded volumes on NSE Nifty – JP Asso with total traded volume of 11,829,745, followed by Reliance Communication with 11,321,880, Suzlon Energy with 10,363,345, IDFC with 10,252,954 and Hindalco with 7,855,519.

On BSE, total number of shares traded was 21.57 Crore and total turnover stood at Rs 2,776.5 Crore. On NSE, total number of shares traded were 51.54 Crore and total turnover was Rs 10,834.03 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 738924 with a total turnover of Rs. 19,234.78 Crore. Along with this total number of contracts traded in stock futures were 954422 with a total turnover of Rs. 23830.51 Crore. Total numbers of contracts for index options were 4243603 with a total turnover of Rs. 116524.84 Crore and total numbers of contracts for stock options were 150836 with a total turnover of Rs. 4124.56 Crore.

Today, Nifty would have a support at 5,443 and resistance at 5,550 and BSE Sensex has support at 18,155 and resistance at 18,550.

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