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Changing NSE Nifty and BSE Sensex Indices

January 10, 2012 Leave a comment

It was positive momentum for the afternoon trade of January 6 in the NSE and BSE stock market, but morning trade saw both the NSE nifty and BSE sensex indices exhibiting downtrend. While nifty reached a low of 4,686.85, it soon rose 4.15 points or 0.09% to end at 4,754, BSE sensex ended flat with a rise of 10.65 points or 0.07% at 15,867.73. Selling pressure was witnessed in metal, realty and capital goods stocks in the morning trade.

Investors were taken by surprise in the afternoon trade with European markets going green. With market rumors about an expected joint conference from both Reliance and ADAG being spread, or in short rumored stock recommendations, ADAG stocks saw fast buying, triggering the NSE Nifty and BSE sensex indices going up in the afternoon trade. The automobile segment, especially two and three wheelers, ended on a negative note. It was oil marketing companies listed on BSE sensex and NSE nifty that closed up with decent gains owing to declining international crude prices.

Stock recommendations exhibited online changed phases too given the volatility. If as an investor, you happen to follow Stock Recommendations at a reliable news portal, you gain a competitive advantage.