STOCK MARKET REVIEW: 9th NOVEMBER 2011

[IntradayTips]

CNX Midcap index was down today: 9th November 2011, 1.59% about and S&P CNX 500 lost about 1.42% while BSE small cap index lost at 1.06% and Midcap lost at 1.25% respectively.

The BSE Sensex ended at 17362.10 losing 207.43 points. The NSE Nifty closed at 5221.05 losing 68.30 points.
It was the panic which rode the show here on Wednesday after a very sideways opening the market fail to hold and tumbled.
The credit for the upset goes to SBI which gave a positive income but due to its increased NPA SBI fell almost 7%.
Stock market is more likely to expect Bearish.

Today’s Nifty Top gainers were:

HUL with volume and changes 1,641,887,295.55and 3.2 %
WIPRO with volume and changes 138,807,632.65and 1.9%
TCS with volume and changes 937,742,289.75and 1.6%

Today’s Nifty Top losers were:

SBI with volume and changes 4,815,896,039.35and [6.8] %
BPCL with volume and changes 299,648,639.80and [5.6] %
RANBAXY with volume and changes 221,224,853.00and [4.4] %

Nifty can be expected to follow UP trend in a long term. It seems to be varying between 5200-5400.