Comments on: Sensex range bound in choppy trade http://blogs.reuters.com/moneyonthemarkets/2009/07/09/sensex-range-bound-in-choppy-trade/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: A.Kapoor http://blogs.reuters.com/moneyonthemarkets/2009/07/09/sensex-range-bound-in-choppy-trade/comment-page-1/#comment-114 A.Kapoor Fri, 10 Jul 2009 02:28:17 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=733#comment-114 Today is a crucial day for sensex.Its future direction will be influenced by 1Q 2010 result announcements to be made by Infy.Traditionally,Infy starts to give out numbers before the opening bell.What is unnerving is that yesterday's last hour of trading had a host of sellers in this scrip. If we look at 4 top sensex shares with a maximum weightage,not less than 3 have some adverse fundamental development going against them: Reliance:KG gas issue,MAT issue Infosys:IT industry slowdown L&T:Positive ICICI:Expected rise in interest rates due to heavy borrowing programme by government The disappearance of rains has become a worrying factor.Madhya Pradesh has declared itself as drought stricken. Let us wait for the sensex to hit a bottom. Today is a crucial day for sensex.Its future direction will be influenced by 1Q 2010 result announcements to be made by Infy.Traditionally,Infy starts to give out numbers before the opening bell.What is unnerving is that yesterday’s last hour of trading had a host of sellers in this scrip.

If we look at 4 top sensex shares with a maximum weightage,not less than 3 have some adverse fundamental development going against them:

Reliance:KG gas issue,MAT issue
Infosys:IT industry slowdown
L&T:Positive
ICICI:Expected rise in interest rates due to heavy borrowing programme by government

The disappearance of rains has become a worrying factor.Madhya Pradesh has declared itself as drought stricken.

Let us wait for the sensex to hit a bottom.

]]>