Home > Daily Market Report > Indian Stock Market Report 22nd October, 2013

Indian Stock Market Report 22nd October, 2013

Today, the market opened a bit down but managed to close flat for the day.

Infra, Metal and Media stocks continued to get buying interest while IT stocks reversed the trend compared to previous day as they managed to see some buying.  Auto, FMCG stocks declined for the day.

Major Gainers today: Renuka, Punj Lloyd, J P Power

Major Losers today: Karnataka Bank, DishTV, Adani Enterprises

Though the market has struggled to move up, the trend still remains up and Target of 6260 spot in Nifty continues to remain on cards. One should note that selling has still not been seen in a major way. So, keeping the long positions open is not a bad idea.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: