Indian stock markets outlook november 28 2011

Indonesia stock info - Indian stock markets outlook november 28 2011 ; The S&P CNX today gave gap down open and good short covering was witnessed in initial session. Nifty touched the high of 4767 and traded range bound before fresh sell off came in the late afternoon which dragged Nifty to the fresh low of 4693. After witnessing choppy session Nifty settled at 4710 down by 46 points.

Market is constantly falling from since last four weeks and this week Nifty gave close below the crucial support of 4730. So next week even market is expected to be under pressure.

The European markets are trading weak. The FTSE index is down by 17 points, DAX index is down by 18 points and CAC index is down by 22 points.

The market breadth, indicating the health of the market was positive. On NSE, 802 shares advanced while 621 shares declined. Total of 69 shares remained unchanged.

Out of 50-share S&P CNX Nifty pack, 16 scrips advanced while 34 scrips declined. Ranbaxy was up by 3.73%, BHEL was up by 3.53% and LT was up by 3.33% were the top gainers from the Nifty pack.

Hindalco was down by 4.02%, RPower was down by 3.91% and Maruti was down by 3.86% were the top losers from the Nifty pack.


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