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Wednesday 19 March 2014

Sluggish Market, TCS Falls

Due to mixed signals of international trade ,the domestic market seems sluggish. At 9:30 in the morning , the Sensex rose 12 points to 21,844 and Nifty gained 5 points at 6522 levels . Midcap and Smallcap stocks have 0.5 per cent growth .

Oil & Gas and Power shares rose 1 per cent . Bank , metal, auto , FMCG , Healthcare robust 0.5 per cent . Capital goods , realty, consumer shopping Durables have some buying. IT and tech stocks has broken from 2.5 to 2 per cent .

In Nifty stocks GAIL , HDFC , Ambuja Cements , Tata Power , Ultratech Cement, Dr Reddy's , Grasim , M & M , ONGC , Lupin and CIL are in strong position 1.2-0.75 .

TCS has indicated that its growth in the fourth quarter of fiscal year 2014 is likely to remain weak . Its shares has fallen from about 4 per cent .
 
On Tuesday,the U.S market was closed on green mark as tensions between Ukraine and Russia seemed to fade and investors started to focus on what the Federal Reserve may have up its sleeve. Nasdaq Composite succeeded closing with a gain of 1.25 percent.S & P 500 shows rapid growth in the second consecutive day.

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