End of day summary(13Nov06) and outlook for 14Nov06

Today the markets closed at an all time high, but was not backed by volumes. The volumes in NSE was at the one month low. The NSE Nifty closed at 3858.75 with a gain of 24 points and the BSE sensex closed just a point shy of 13400 at 13399 with a handsome gain of 116 points. The stars of the day were Bharti Tele, Zee tele and ICICI bank. As expected the private sector banks performed well and the outlook on them is still positive. The infrastructure stocks also joined the party. The FIIs were net buyers in the cash market to the tune of 445 crores and net sellers of 140 crores in the futures market, mostly in the index futures, which shows the underlying strength in the market.

The outlook for 14Nov06 is that the markets are expected to open in a good note. We will wait and watch on how the day shapes up. I expect some profit taking towards the end of the day. Please check the trading calls for the movers and shakers for the day.