Daily Newsletter 22 Nov 2010

© Copyright 2010, Consortium Securities Pvt. Ltd. All Rights Reserved. [email protected] November 22, 2010 Daily Market Insight Outlook for the Day The previous trading session in the Indian benchmarks took the bulls by a surprise that were caught on the wrong side of the trade. The flow of the positive news in respect to the Ireland which has asked a bailout from the European Union was slightly overdone by the markets. The intrinsic problem is still persisting in the path of the global economi c recovery and any negative development in the recovery story would spook the equity markets around the world. The gains on the bourses back home could be attributed to the short covering at relatively higher levels in the benchmarks. The exuberance by the sellers on back of the political crisis impending looked to have Nifty Chart Market Snapshot (Indian Market as on 23 rd November 2010, 8 am IST) Scrip Name Open High Low Current Change % Change NIFTY 5,920.90 6,020.25 5,905.15 6,010.00 119.7 2 SENSEX 19,713.84 19,989.02 19,641.42 19,957.59 372.15 1.90 CNXIT 6,519.70 6,696.80 6,519.70 6,666.55 163.05 2.5 BANKNIFTY 12,120.80 12,414.55 12,054.55 12,390.10 327.15 2.7 NIFTYMIDCAP 3,041.35 3,065.55 3,009.05 3,061.55 31.7 1.1 (World market on 23 rd November 2010, 8 am IST)

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Daily Newsletter 22 Nov 2010