Today`s share market

Market Commentaries   22nd December 2011

Mumbai S.E. rallies

The market rallied Wednesday, and BSE SENSEX closed at 15685 points after an increase of 3.36 percent. The previous time the index gained this much was Aug 30, when it closed up 3.58 percent. The index thereby reversed up after five days of losses.

LARSEN & TOU moved up and ended at 1001 rupee, which is an increase of 2.25 percent. The stock thereby reversed up after nine days of losses. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated. AXIS BANK developed positively, and gained 4.31 percent to a close of 854 rupee. The stock thereby reversed up after nine days of losses. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated. TITAN IND. closed at 169 rupee after posting a gain of 8.23 percent. The stock has never gained more in one day since Nov 10. 2010, when it was up 8.55 percent. The stock is trend wise positive in the medium term. VIP INDUS. gained 3.88 percent to 77.65 rupee. The stock thereby reversed up after 11 days of losses. The stock is trend wise positive in the medium term. 1645 shares were up and 1118 were down, while 105 remained unchanged, and there was no trading in 482 shares. HDFCWAR was the share that performed the best. The share rose 20.0 percent and closed at 73.98. KIRFERROWAR, up 20.0 percent, TIMEXWAT CRP, up 20.0 percent, and AMRIT CORP, up 18.5 percent, were the other leading winners. National S.E. sharply higher The market rallied Wednesday, and S&P CNX Nifty closed at 4693 points after an increase of 3.28 percent. The index has never gained more in one day since Aug 29, when it was up 3.62 percent. The index thereby reversed up after five days of losses. Small loss on NASDAQ Wednesday The market showed a small loss Wednesday, and Nasdaq Combined Composite Index ended the day at 2578 points, which is a decline of 0.99 percent.