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| February 03, 2014 | 5:30 PM
| Markets tank on global jitters; Metal Index worst hit
The BSE Sensex, NSE Nifty plunge over 1.4%, amid sell off in global markets, weighed down by profit booking in majority of the sectors. |
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| Major headlines | |
| | A-Group results for Tuesday (February 04, 2014)
Bharat Forge, Cummins India, Power Finance Corporation, Prestige Estates, Jubilant Food and Tech Mahindra.
Indian Indices:
Indian markets cracked deeply for the entire day at their lowest level since November 2013 as weak economic data from China, the world's second largest economy, raised worries that the global growth is still struggling. Further, the US Fed's decision to further taper its monetary stimulus measures has also dampened sentiment in emerging markets.
Foreign investors continued to sell as part of a slump in emerging markets.
The Metal Index ended below 9000 the lowest since October 28, 2013. Rate sensitive sectors were amongst the worst hit.
The Sensex closed at 20209.26, down by 304.59 points and the Nifty fell by 87.70 points to settle at 6001.80 in trade today.
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| INDEX PERFORMANCE |
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| MARKET INDICATORS |
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Indraprastha Gas | 266.70 |
7.74 | |
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Oberoi Realty | 191.25
| -6.41 |
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| Jet Air India |
221.55 | -6.30
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Events:
The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, bounced to 51.4 in January, its highest since March, from 50.7 in the previous month.
Following are the stocks/sectors which were in news today: -
Mahindra & Mahindra lost 0.61% after the company said its total auto sales declined 13.77% to 42,685 units in January 2014 over January 2013.
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Ashok Leyland dropped 3.34% after the company said its total sales declined 26% to 7,847 units in January 2014 over January 2013.
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Indraprastha Gas Jumped 7.74% on reports the price of compressed natural gas was slashed by Rs15 per kg and the price of piped natural gas was cut by Rs 5 per kg in Delhi.
| Market sentiment
The market breadth stood in favor of declines. Of the 2675 stocks traded on the BSE, 1097 (41.01%) rose, 1433 (53.57%) fell and 145 (5.42%) stocks remained unchanged.
| Sectoral & stock screening
All the sectoral indices closed in the red zone, barring S&P HC up 1.1%. Top Losers- S&P BSE Metal which declined 3.06%, S&P BSE Realty fell 2.09% and S&P BSE Auto slipped 1.88%.
Among 'A' group stocks, top three gainers were- IGL rose by 7.74%, Lupin up by 4.52% and Gujarat State Petronet surged by 4.33%. Top three losers were- JSW Steel slipped by 7.11%, Oberoi Realty down by 6.41% and Jet Airway fell by 6.30% |
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Global signals
US stock index futures poised for a lowerr opening at the Wall Street on Monday.
European stock markets moved slightly lower on Monday, copying a negative mood in Asia, after Chinese manufacturing data added to fears about a slowdown in the world's second-largest economy.
Asian shares lost more ground on Monday as strains in emerging markets show little sign of abating, while growing pressure for another policy easing in Europe shoved the euro to 10-week lows. |
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| Commodity Hit List for 03-02-2014 - Evening session
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| | Support Levels |
LTP |
Resistance Levels | Action |
| S2 |
S1 | R1 |
R2 | |
Gold Cash USD ($) |
1231.0 |
1239.0 | 1243.0
| 1247.0 |
1255.0 |
Buy Above R1/Sell below S1 |
| Gold MCX Apr |
28400.0 |
28600.0 | 28719.0
| 28800.0 |
28950.0 |
Buy Above R1/Sell below S1 | |
Silver Cash USD ($) |
18.7 | 19.0
| 19.1 |
19.2 |
19.5 | Buy Above R1/Sell below S1
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Silver MCX Mar | 42500.0
| 42900.0 |
43312.0 |
43500.0 | 43850.0
| Buy Above R1/Sell below S1 |
| Copper MCX Feb
| 440.0 |
443.5 |
444.5 | 446.0
| 448.5 |
Buy Above R1/Sell below S1 |
| Zinc MCX Feb |
122.0 |
122.8 | 123.1
| 123.7 |
124.4 |
Buy Above R1/Sell below S1 | |
Nickel MCX Feb |
865.0 | 875.0
| 881.0 |
888.0 |
895.0 | Buy Above R1/Sell below S1
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Aluminium MCX Feb | 104.5
| 105.4 |
105.8 |
106.1 | 107.0
| Buy Above R1/Sell below S1 |
| Lead MCX Feb
| 131.0 |
131.8 |
132.1 | 132.8
| 133.9 |
Buy Above R1/Sell below S1 |
| Crude Oil USD ($) |
96.0 |
96.8 | 97.0
| 97.6 |
98.2 |
Buy Above R1/Sell below S1 | |
Crude Oil MCX Feb |
6044.0 | 6090.0
| 6102.0 |
6136.0 |
6180.0 | Buy Above R1/Sell below S1
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Natural Gas MCX Feb | 300.0
| 303.3 |
306.3 |
308.0 | 311.0
| Buy Above R1/Sell below S1 |
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