Thursday, 29 November 2012

Market Synopsis, Market Heatmap: 29th November, 2012

The November F&O series finished on a fantastic note. It was a day where long rollovers in the high beta sectors lifted the markets to hit the highest level in the calendar year 2012. While, some heavy short covering towards the end of the session saw the Nifty to close above the 5800 mark for the first time in the year. Even the Sensex breached the 19,000 levels for the first time in nearly two-m
onths on expectations that the government would be able to push through economic reforms. Adding to the bullish flavor, credit rating agency Moody’s too said the outlook on India rating was stable. This led the Sensex to close at the level of 19170.91 i.e., up by 328.83 points and the Nifty to close at the level of 5825 i.e., up by 97.55 points. The midcap counters closed positive by over a percentage point while small-cap counters closed positive by nearly half a percentage point. On the sectoral front, except for IT & Teck indices, all the other indices closed in green. Realty & Bank indices closed as the major gainers with gains of over three percentage & two and a half percentage points respectively. Further, the market breadth closed positive as four stocks were seen advancing for every three declines. Find out more

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