Category: Post Market Analysis

Today’s Market Summarised

Nifty had a very volatile day and moved more than 240 points! Just for context, the last two days Nifty traded in a 80-100 point range and today it was much much more. After opening above the key resistance of 11,950, Nifty went up quickly as expected and took resistance near 12,000. After breaking that resistance, the index refused to fly and made a day-high of 12,018 before falling and consolidating. But the big move came after 12.30pm, when global markets started losing hope of US stimulus. Nifty crashed to take support 11,780 before recovering and closing at 11,937.65, up 40.85 points or 0.34%.

Bank Nifty opened the day at 24,468 and went up and up. The index consolidated for a long time near the day-high of 24,830 and fell along with Nifty after noon. After taking support near 24,100, Bank Nifty closed the day at 24,639, up 327 points or 1.35%.

Just like yesterday, Nifty Realty rocked the sectoral indices chart with Nifty Metal coming in at second. Nifty FMCG performed the worst today.

Asian markets closed mixed for the day. European markets are currently trading in red.

News Picks

After OberoiRealty jumped 20% yesterday, Godrej Properties closed at Rs 1033, up 10.56%. The realty sector has been bullish for the past few days. Huge property companies are making use of cheap land prices to start new projects.  

UltraTech Cements reported a net profit of Rs 1,235 crores, up 113% YoY. The result has beat street estimates. Shares of the company closed at Rs 4,631.95, up 1.93% even after profit booking tried to pull it down.

Shares of Escorts fell after ace investor Rakesh Jhunjhunwala cut stake in the company to 5.64% from 7.42% earlier. Can expect some correction to the stock prices.

BAJAJ Finance reported a net profit of Rs 965 crores, down 36% YoY. Net Interest Income jumped 4% YoY. Share prices crashed before recovering and closing at Rs 3,252, down 0.31%.

Morgan Stanley has bought a 1.1% stake in Vodafone Idea, shareholder details of Q2 FY21 revealed. 

Reliance gave good movement, as expected today. After going up in the morning, shares of Reliance crashed to close at Rs 2,122.65, down 1.54%. We are preparing an article on the company’s possible move away from petroleum products to renewables. Stay tuned to marketfeed.

The FMCG index was shaken by the continued fall of Britannia, which closed at Rs 3,401.85, down 4.26%. The company had announced its Q2 results last day. Similarly, ColPal announced its results today and the stock closed at Rs 1,426, down 2.40%.

PSU stocks continued to be volatile, as predicted by marketfeed on Monday. Good scalpers could have made some quick profits in the names featured among top gainers.

Shares of builder DLF jumped 2.87% to Rs 172.85 after Standard Chartered GBS unit said it would lease 7.7 lakh square feet space for a period of 15 years in Chennai, in a project developed by DLF and GIC.

Markets Ahead

As PM Modi’s speech yesterday turned out to be a non-event, the focus was on US stimulus. According to House Speaker Nancy Pelosi, they are very close to cutting a deal which is agreeable by both Republicans and Democrats. The Indian and European markets, fearful of the cancellation of the stimulus, fell after noon but regained later. Retail players who did not enter into intelligent trades may have been hurt by the sudden volatility, but a big move in either direction was clearly expected. 12,000 has once again been proven as Nifty’s important resistance, with the index failing to close above it. When will this level truly be broken? Will we see a 12,100 or 12,200 level soon?

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty opened the day with a small gap-down at 11,864 and took resistance at 11,900 and 11,950 today. While IT and Auto pushed the index up, Pharma formed a few red candles but soon started going back up. So ignoring the wick in the first 5 minutes, Nifty traded in a small range today. After European markets opened in red and started falling, Nifty calmed down a bit. The index consolidated the whole day to close at 11,896.80, up 23.75 points or 0.20%.

Bank Nifty opened the day with a gap-down at 24,148 and went down a bit in the initial few minutes. But the index gradually gained momentum throughout the day and closed flat at 24,311, up 45 points or 0.19% from yesterday.

Nifty Realty went up the most today, with the continuing bullishness from stocks like Godrej Properties. Nifty PSU Bank fell, in fear of government’s divestment plans. Barring Realty, Nifty IT went up the most today, while most other sectors remained flat.

Asian and European markets are mixed today. Let us wait for cues from the US markets and SGX Nifty for tomorrow’s trends.

News Picks

JSW Steel stock has been in a steady uptrend for the last month gaining about 18% since 20 September. Yesterday, news had come out that LIC increased its stake in the company to 3.40% from 2.43% in the September quarter. Today share prices closed at Rs 318.70, up 1.66%.

Shares of Hindustan Unilever Ltd closed in red after trading in green the whole day. Results of the company were published in market hours, and jumped 8.7% to Rs 2,009 crores for the Q2. Operations and services are said to be at pre-covid level now. Revenue is up 16% to Rs Rs 11,442 crore. Profit booking took the stock price down 3.5% in just 15 minutes after the results were announced. Share prices closed at Rs 2,174.20, down 0.17%.

Shares of Just Dial hit their 20% upper circuit today at Rs 605 today. The stock has been in a constant uptrend and has gone up almost 80% in the last month. This has been happening after promoter Anita Mani acquired more than 1% stake in the company through the open market. Between September 25 and September 30, 2020, Anita Mani purchased 6.79 lakh equity shares of Just Dial for Rs 25.33 crore, according to disclosure made by the company to the stock exchange. It is unclear whether the promoter is still shopping for this stock in the open market. As we know, promoters increasing stake is always a good sign for the stock prices. Hope profits were booked!

Share prices of Britannia crashed after even the 20% year-on-year rise in profits for Q2 FY21 failed to impress investors. After opening with a gap-down, share prices kept falling to close at Rs 3,552.90, down 5.82%. Anyone who entered a long straddle option strategy keeping in mind the volatility after the results would have profited here!

Granules India has announced its Q2 results with a YoY 71% profit jump to Rs 164 crores.

Shares of Idea pulled back from a small downtrend to close at Rs 8.75, up 10.06%. The company had yesterday announced that prepaid subscribers can now roll over unused data to weekend, but this won’t be the reason specifically for the jump.

The IT and Auto sectors rebounded from their downtrend, as discussed by us in our morning article here. Hope you were able to take some good trades in these sectors. Pharma closed in green after gaining before noon.

Equitas Small Finance Bank IPO has opened today and is seeing healthy subscription rates. Contact your bank to apply.

Shares of Government of India owned KIOCL crashed 10% to Rs 122.45 after the company announced a buyback at 19.3% discount to Monday’s closing price. As we talked about yesterday, PSU stocks are going to be very volatile in the coming weeks and it is best to stay away.

Markets Ahead

PM Modi is set to address the nation at 6 pm today. As intelligent stock market participants, we need to analyse the speech for any major economic cues which might affect Nifty tomorrow. The implied volatility (IV) in the market has increased, and we can see the small bullishness if you go through the option chain. The Finance Ministry is also looking into an economic stimulus package, that could be presented as a “Diwali surprise”. marketfeed will write an in-depth analysis of the speech and how it may affect the markets, if there are any interesting points.

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty had a very range bound session today. With high hopes riding on HDFC Bank, the stock failed to perform and the Nifty 50 saw very limited movement, as a result. But as we know, even when Nifty remained flat, individual stocks gave great movement.

Nifty opened the day at 11,879 with a gap-up and moved down to take support at 11,820. After going up, the index took resistance near 11,900. Nifty traded between this 70-80 point range for the whole day. The index closed the day at 11,873.05, up 110.60 points or 0.94%. Even with this seemingly big gain, Nifty formed a red candle in its daily chart because of the gap-up opening.

Bank Nifty opened the day just above 23,806 with a big gap-up thanks to HDFC Bank’s (Bank Nifty’s biggest constituent) positive profit growth in Q2 for FY21. But what happened after this was truly surprising. While HDFC Bank strongly fell from its opening level while Bank Nifty took support at 23,750 and kept moving up. After easily breaking the resistance at 24,000, the index went up the whole day and touched a high of 24,320. Bank Nifty closed the day at 24,323, up 699 points or 2.97%. 3 out of 5 top gainers in Nifty were members of Nifty Bank today.

The top gaining sector of the day was unsurprisingly Nifty Bank, and even while HDFC Bank under-performed, the index of banks went up. Nifty Pharma pulled the markets down, and bearish sentiments are forming in Nifty Auto. 

While Asian markets closed with gains mostly, European markets are trading flat.

News Picks

HDFC Bank was the big shocker of the day.The stock failed to perform, and with Bank Nifty going up and up, I thought it would go up too. But even though the stock closed in green, it traded very flat after 12 noon. After opening with a gap-up, HDFC Bank closed the day at Rs 1,203, up 0.3%.

Although the son failed to move, the parent company HDFC moved quite a bit today. It led the charge for the NBFC rally and closed the day at Rs 2,033.25, up 3.65%. 

Jet Airways stock continued its upper circuit to upper circuit journey today after announcement of new owners under Kalrock-Jalan Joint Venture. Kalrock is also said to be infusing Rs 1,000 crores for the revival of the debt-ridden airline.

Share prices of cement company ACC stayed very volatile today during market hours. With some late stage buying, the stock jumped to close in green for the day. After market hours, the Q3 CY21 (CY is calendar year, and since ACC’s parent company is Swiss, it follows international standards. Q3 CY21 is the same as Q2 FY 21 in India) results of the company were announced with a net profit at Rs 363.8 crore, a 20.2% year-on-year growth. While revenue remained flat, the company was able to increase its margins by a lot.

The Central Government of India is going full steam ahead with its divestment plans for PSUs. As we know, governments are running out of cash as Covid-19 pandemic increased expenses and reduces tax income. The Department of Investment and Public Asset Management (DIPAM) has announced many divestment plans for PSUs, also saying that the BPCL stake sale will be completed before April. IPOs are being planned for many companies, along with buyback plans for others. DIPAM secretary said that this FY year, the government is planning 8 – 9 buybacks.

Nestle India performed well today in expectation of good results. Share prices closed at Rs 16,119.95, up 4.47%.

Kalyan Jewellers’ Rs 1,750 crores IPO has been approved by SEBI.

Tyre stocks performed well today. CEAT Tyres jumped the most and closed at Rs 1,050, up 5.85%.

Markets Ahead

Markets are expected to be range bound in the coming days of the week as well. With the US elections coming soon, markets will be volatile in the last week of October. So Nifty is probably taking a break today. With Reliance and HDFC Bank still underperforming, any big movements in these counters can a create a movement in Nifty.

The red candle formed by Nifty does not give me any confidence at all, but I’m not yet bearish. Hoping for a range-bound market so that my option strategies work well.

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty opened the day with a gap-up with positivity from SGX Nifty. After falling heavily yesterday, the index gained a bit today to gain back from the losses. But we cannot yet say that the downtrend has been broken, and will have to wait till next week to know. Nifty ended the week with losses.

After opening at 11,734, the index found resistance near 11,780 and fell more than 100 points to take support at 11,670. The index gained slowly and made a day high of 11,790. Nifty consolidated after noon to close at 11,762.45, up 82.10 points or 0.70%.

Bank Nifty had a gap-up opening too, and surprisingly the index took Nifty up today. After opening near 23,250, Bank Nifty briefly went down. But after 10am ,the index of banks slowly went up to close the day at 23533.25, up 460 points or 2%.

Only Nifty Media and Nifty IT closed with losses today. While media’s loss was headed by ZEEL, IT was pulled down by Mindtree. Nifty Metal did exceptionally well today.

Asian markets closed mixed. European markets are currently trading in green.

News Picks

Shares of JSW Steel, Tata Steel and Hindalco led the Metals rally today. All of them featured in the top gainers list for today (shown below). The sector had been underperforming Nifty for a while now, and has started moving up now. Can look for further moves in the coming days, as well.

Shares of Mindtree fell prey to the profit booking which caught Wipro and Infosys earlier. After opening flat, the stock crashed more than 10% to its first lower circuit before stabilising to close the day at Rs 1,325.10, down 99.75 points or 7.00%.

Shares of Air Conditioner manufacturers Voltas (up 4.25% to Rs 701) and Blue Star (up 4.3% to Rs 639) jumped after India banned imports of Air Conditioners.

Auto stocks stayed bearish even after Society of Indian Automobile Manufacturers (SIAM) gave positive commentary on the industry’s current outlook. Sales have been increasing, and reportedly Diesel consumption rate is also back to pre-covid levels. The need for personal mobility is increasing, and economical and low-cost automobile sales are expected to go up.

Shares of BPCL gained as government sources said the company is not looking for further postponement of stake sale. Also, Bharat Petroleum is trying to cut dependence on LPG from the Middle East.

Shares of UPL fell 7.73% to Rs 467.40 after auditing firm KPMG resigned as auditor to the company’s Mauritius arm.

Markets Ahead

European lockdown seems to have caused just a panic sell-off in global markets. marketfeed is soon publishing an article talking about the seriousness (if any) of the London Tier-2 lockdown.

After ending the week with a big red candle, Nifty seems to have lost its bullishness. US elections are also closer than ever, so you can expect similar volatility in the coming weeks. Also keep watching out for China-US tensions in the international market.

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty fell sharply today after opening, to mark the end of a 10-day bull run which saw Nifty rallying from 11,100s to 12,000 levels. Money has been made, now the sentiments have changed and Dalal Street has a new King, the bear.

The bears are back, and how so strongly. Nifty has erased the gains of the last 6 days, all that money just vanished into thin air, or more so into the pockets of derivatives traders. Nifty opened at 12,025 with a gap-up, above the supposed holy grail mark of 12,000. Not even for a minute did the index cross the opening level throughout the whole day. 

After falling and falling, led by the bearish sentiments in Nifty IT, the benchmark index of NSE had settled down comfortably near 11,880 around noon. Then the European markets opened, and the mood all changed. With the global indices suddenly down 2% and falling even further, Nifty was only mildly bearish. Bank Nifty suddenly woke up, lashing out like a son whose father was insulted. So the index of major banks in India fell 900 points within 3 hours to take Nifty down as well, and stood proudly in front of its broken father. At market close, Nifty stands at 11,680.35, down 290.70 points or 2.43% along with its European peers.

Bank Nifty had a great opening, keeping Nifty somewhat stable while the IT sector was pulling the benchmark index down. And as you all know, Bank Nifty doesn’t like any competition at all. So after opening at 23,920 and crossing the 24,000 mark, Bank Nifty closed the day near the day low at 23,051, down 823 points or 3.45%.

Nifty Bank crashed the most today. All major sector indices closed in red today, with Nifty Metal being the least affected. Interestingly, JSW Steel from Nifty Metal was one of the few gainers in Nifty 50 today.

All major global markets, including Asian and European markets are trading in red. Nifty looks ready to fall tomorrow, as well. 

News Picks

Shares of Tata Motors spiked just for a short while, after ace investor Rakesh Jhunjhunwala’s name appeared in September shareholding with 1.29% stake. Later, the stock price fell along with the market to close at Rs 126.55, down 3.18%. Also, Tata Motors and Maruti are offering discounts of up to Rs 15,000 to dealers, signalling something wrong with the industry. 

Shares of Infosys fell 5.66% from the opening price to close at Rs 1,113.25, down 2.09%. The company had announced great Q2 results yesterday, but fell victim to the same profit booking that brought down Wipro.

Shares of Airtel fell below many key supports to close at Rs 398.90, down 3.47%. The stock has been having bearish sentiment for a while now. Will it reverse, or will it be the next Idea?

MINDTREE Q2 results announced with net profit at Rs 253.7 crore, above street estimates. Interestingly, it was the top-losing stock today. Shares closed at Rs 1,438.00, down 7.34%.

There is no point talking about more specific stocks today. As you may have noticed, more or less every stock closed in red today.

Markets Ahead

The most interesting news that turned around all global sentiments was that of the British Government announcing tougher coronavirus restrictions for London. With such an important global city going under another round of lockdowns, we can see that the fear of Covid-19 is far from over. Tomorrow’s prospects aren’t not looking great for Nifty. The real question would probably be which stock to short.

Let us keep the hope of 12,000 for another week, or maybe for another month. Time to start firefighting to get my holdings P&L under control.

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty’s movements today felt like getting on a roller coaster. With negative sentiments in global markets, Nifty opened the day at 11,919 but kept falling and falling. After breaking a key support at 11,860, the index tried to pull back multiple times. The European markets opening flat and going up gave Indian markets slight positivity after noon. But ultimately, it was the Banks that pushed the index from 11,820 to 11,995 in just 2 hours. Nifty closed the day at 11,971.05, up 36.55 points or 0.31%.

Bank Nifty was trading in red till late afternoon today. The index opened the day at 23,380 and fell to consolidate between opening level and 23,150. Interestingly, today is the day that the interest-on-interest case is being heard in the Supreme Court and with some late stage positivity but without any proper reason, Bank Nifty jumped up to close at 23,874.65, up 382 points or 1.63% for the day. Nifty also jumped up along with it.

Banks and NBFCs moved the most today. Nifty Pharma and Nifty IT were the worst performing sectors. 

Asian markets closed positive today. European markets opened in green but are currently trading in negative. Keep a watch for how US markets perform tonight.

News Picks

Wipro opened the day in red and closed even more in red. It was the worst performing stock in the Nifty 50 index, closing at Rs 349.40, down 7.06% after publishing Q2 results yesterday. The saying buy on rumours, sell on news definitely applied to this stock today.

Energy stocks fell the most in the Nifty 50 today. Shares of Coal India, NTPC and ONGC featured on the top-losers list shared below. 

Shares of NBFCs, mainly from the house of Bajaj topped the charts today. It is safe to say that NBFCs and Banks stole the show.

Jockey’s Indian partner Page Industries is under investigation from a top apparel industry watchdog for human rights violations in its Bengaluru factory, Reuters reported. Can keep watch of this stock for a fall, if the reports are true.

CoForge featured among the top-losing stocks after being yesterday’s top gainer. Shares of the IT company fell almost 7% to Rs 2601.95.

The interest-on-interest case continues to drag on, even with the huge positivity and expectation in Bank Nifty today. The SC has directed the Central Government to release a circular on Interest moratorium waiving scheme before the 2nd of November. The case hearing will continue on November 2.

Shares of Infosys fell 1.71% to Rs 1,138 ahead of its Q2 results today. The results just published after market hours look positive. Q2 net profit stands at Rs 4,845 crore. We may probably see some buying in the stock for tomorrow.

Markets Ahead

Interestingly, Nifty is gaining for the 10th straight day today, even though red candles were formed in the 1 Day chart (due to gap up). This is a rare occurrence, and the last time Nifty gained for 10 straight sessions was in January 2015. What an unbelievable bull rally! Of course, today was all set to end in red before banks pushed up the index. 

Nifty touched a day high of 11,997, shy of 3 points from the 12k mark. Glad to see that the technicals were respected, even in such a wild movement. Hopefully, this level will be broken tomorrow. Let us see what happens.

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty opened the day flat at 11,938 and immediately made the day’s low at 11,890. However, the index was determined and tried to once again make an attempt to cross the 12,000 level. This failed to happen and the index came down and consolidated to close under today’s open at 11,934.50, up 3.55 or 0.03%.

Bank Nifty continued its downtrend from yesterday and opened with a gap-down at 23,640 level. The index took support at 23,420 levels and went back up to touch a day high near 23,800 around 10.50am. From there, Bank Nifty fell the whole day to close at 23,492, down 220 points or 0.93%.

Only IT and Metals closed in green today. Nifty Pharma fell heavily while all other sectors booked losses, as well.

European markets fell as rising cases of Covid-19 infection have started forcing governments to re-introduce lockdown measures. Asian markets remained mixed for the day.

News Picks

IT stocks gained in expectation of good quarterly results. HCL Technologies, whose results are to be announced on Friday, was the top gaining stock of the day. Shares jumped to Rs 900.90, up 4.05%. Similarly, shares of Coforge Ltd jumped to Rs 2,785.80, up 4.43%. Hope you caught these rallies today!

Wipro Q2 results were posted just after market hours: Net profit declined 3% YoY, while going up 3.15% compared to last quarter. The firm also announced a Rs 9,500 crore share buyback, at Rs 400/share. You can read more about how and why a company does a buyback here.

Shares of Zee Entertainment Enterprises fell 3.77% to Rs 182.70. The stock has fallen almost 15% in the last 5 trading sessions alone. This fall came after a company called Siti Networks defaulted on loan amount of Rs 400 crore against which ZEE has given corporate guarantee of Rs 116 crore. 

Cement Stocks posted 3-4% gains earlier in the day before losing it after European Markets opened in red. UltraTech Cement Ltd closed at Rs 4,380.70, up 1.73%.

While Banks fell, Reliance Industries went up 1.88% to close at Rs 2,279. As we know, Reliance is the biggest constituent of Nifty 50, with a 14.9% weightage in the index.

Surprisingly, shares of Kotak Mahindra Bank went up 2.15% to close at Rs 1,341. This was even in-between Bank Nifty being one of the worst performing sectors of the day.

Shares of Cipla closed in the top losers list after touching an all-time high of Rs 829.05, before noon. Pharma stocks fell after noon, and Cipla closed at Rs 784.50, down 3.58%.

Markets Ahead

The tightening restrictions in major European countries, including Britain, are confusing investors again. As the Covid-19 pandemic is continuing, countries had to take an economic decision to lift lockdowns as recession started kicking in. But now, we can see that lockdowns of various levels are being reintroduced ahead of the winter season. Read our global news article every night to keep up with the news from around the world.

With the interest-on-interest case verdict postponed further, market participants have turned from irritated to infuriated. We see that the 24,000 level by Bank Nifty was not long lived and hence Nifty’s dream of crossing 12,000 was stopped halfway through. Let us hope that this sentiment turns around in the coming days. 

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.

Today’s Market Summarised

Nifty opened the day at 11,976 with a gap-up powered by global positivity and went up trying to cross 12,000. As you all can imagine, the 12,000 level is a strong emotional resistance level, and the index struggled to sustain above that level. The power outage in Mumbai caused trading volumes across the exchanges to dip, and some retail investors shared difficulties in their trading experience due to technical issues. Was this the reason why Nifty didn’t sustain above 12,000? Anyway, after creating a day-low near 11,870, Nifty closed at 11,930.95, up 16.75 points or 0.14%. The Finance Ministry’s announcements at 12.30pm, failed to impress the market.

Bank Nifty opened the day at 23,973 and went up strongly unlike Nifty, even giving hope that it would be the best performing sector of the day. After taking resistance near 24,190, the index fell only to beautifully take support at 24,000. Later, even this level was broken with the index touching a day-low of 23,552. Bank Nifty closed the day at 23,712, down 134 points or 0.56%.

Nifty IT and Nifty Pharma were the best performing sectors of the day. Nifty Media and Nifty PSU Bank were the worst performing sectors of the day.

Asian markets closed mixed for the day. European markets are almost all in green, but this still could not give Nifty the confidence to.

News Picks

IT stocks continued their rally today, with Nifty IT being the top-gaining sector. Infy closed the day at Rs 1,132.10, up 2.29%, while F&O activated Coforge jumped 8.16% to Rs 2667.60. IT companies, including Infosys, are all set to announce their Q2 reports soon! Stay tuned for more.

The hyped up announcement by Finance Ministry did not give much excitement to the market which was already struggling due to the power outage across Mumbai. Plans under consideration are said to boost demand by up to Rs 73,000 crores.

Shares of ITC moved after many days of consolidation, to end up second in the top gainers table. The scrip closed at Rs 172.20, up 2.59% for the day after making a day-high of Rs 175.20.

After giving really good moves last week, shares of Aarti Drugs closed at Rs 886, down 10%, just today. The stock was at an all-time high last week.

IT and Pharma shares closed in positive as rupee got weaker against the dollar, and were co-incidentally the best performing sectors of the day.

Shares of Vedanta fell 20.43% to Rs 96.95 after delisting process of the company failed.

Shares of Tata Power crashed to Rs 52.85, down 2.94%. This was after the huge power disruption in Mumbai was said to have happened due to failure at Tata Power’s Kalwa Plant.

Markets Ahead

The momentum in Nifty seems to have been broken after the Mumbai power outages caused a huge dip in trading volumes. Mumbai being the heart of India’s trading culture, many traders who work from home were left with only their laptop battery power to successfully place trades. Can this be a reason for Nifty failing to sustain above 12,000 today. Also the technical factor exists, that 12,000 is a strong level. Also the unexciting announcements by the Finance Ministry failed to move the market, as well.

A conspiracy theorist could talk about how this was all inter-connected. What do you think?

Hope you will all tune in to The Stock Market Show tonight. Keep watching this space for more.