Middle East Stock Market Dubai Updates

DUBAI: Investors nervous about instability gripping Egypt drove Middle Eastern stocks down sharply Sunday as markets reopened following a weekend of violent protests.

The losses, led by a drop of more than 4 percent in the regional business hub Dubai, reflect concerns the unrest that has roiled the Arab world's most populous country and nearby Tunisia could spread, jeopardizing an economic recovery across the region.

``There's this contagion effect, where investors are thinking: 'Well, is this going to spread out across the Arab world?''' said Haissam Arabi, chief executive of Gulfmena Alternative Investments, a fund management firm in Dubai.

Egypt's market remained closed because of the protests, leaving investors to pull money off the table elsewhere.

The benchmark index for the Dubai Financial Market tumbled 4.3 percent to close at 1,543.02.

Among the biggest losers in Dubai were real estate developer Emaar Properties, the builder of the world's tallest tower, which sank 8.3 percent to 3.11 dirhams (85 cents). Shares of discount carrier Air Arabia, which is growing its operations in Egypt, dropped 6.1 percent to 0.79 dirhams (22 cents).

DP World, the global port operator, tumbled 6.2 percent to close at 62 cents on the Nasdaq Dubai exchange. The Dubai World subsidiary is heavily dependent on shipping in the Middle East and Africa, including at the Egyptian Red Sea port of Sokhna, which it manages near the southern entrance to the Suez Canal.

Ann Wyman, head of emerging market research at Nomura in London, said protests in the city of Suez at the mouth of the strategic waterway _ a key chokepoint for cargo ships and oil tankers _ are making investors nervous.

``You can imagine that it is a top priority in Egypt to keep the canal open, safe and well-protected,'' Wyman said. ``Disruption in the flow of oil is one thing that people worry about.''

Other Mideast markets also suffered losses. Abu Dhabi's main index sank 3.7 percent to close at 2,561.06. Shares of the exchange's biggest loser, Emirati natural gas producer Dana Gas, plunged 9.9 percent to finish at 0.64 dirhams (17 cents) despite assurances that its Egyptian operations haven't stopped amid the protests.
Source : ET

Stock Market Today 13th January 2010

Sensex Open 117 Point Down : The Bombay Stock Exchange Sensex slipped by nearly 117 points in the opening trade today.

The 30-share BSE Index , which had gained 337.76 points in the previous day, declined by 116.95 points at 19,417.15 points.

National Stock Exchange index Nifty declined by 32.15 points to 5,831.10 level.

Infosys Technologies today reported 14.17 per cent growth in its consolidated net profit at Rs 1,780 crore for the third quarter ended December 31, 2010.

The company share was trading at Rs 3257.65, which was down by over three per cent since its closing price yesterday.

Meanwhile, in other markets in Asia, Japan's Nikkei was 0.56 per cent up while Hong Kong's Hang Seng index rose by 0.71 per cent in the morning trade today.

In the US, Dow Jones Industrial Average ended 0.72 per cent higher in the yesterday's trade.

Nifty Turn Choppy :  ACC, Ambuja Cement , Jaiprakash Associates, Reliance Communications and Tata Motors top Nifty gainers

 

At 9:45 am; National Stock Exchange’s Nifty was at 5825.65, down 37.60 points or 0.64 per cent. The broader index touched a high of 5857.35 and low of 5817.95 in early trade.

Bombay Stock Exchange’s Sensex was at 19415.09, down 119.01 points or 0.61 per cent. The 30-share index touched a high of 19511.27 and low of 19415.09 in trade so far.

BSE Midcap Index was up 0.33 per cent and BSE Smallcap Index moved 0.46 per cent higher.

Amongst the sectoral indices, BSE IT Index was down 2.23 per cent, BSE Bankex slipped 0.65 per cent and BSE Oil&gas Index moved 0.37 per cent lower. BSE Capital Goods Index was up 0.64 per cent.

ACC (2.19%), Ambuja Cement (2.06%), Jaiprakash Associates (1.66%), Reliance Communications (1.66%) and Tata Motors (1.32%) were amongst the top Nifty gainers.

Infosys Technologies (-3.94%), HCL Technologies (-1.85%), Hero Honda (-1.84%), Dr Reddy’s Laboratories (-1.76%) and SBI (-1.35%) were amongst the losers.

Market breadth was positive on the NSE with 1052 advances against 680 declines.

Meanwhile, other Asian peers were in the positive territory. Nikkei 225 was up 0.66 per cent, Hang Seng gained 0.64 per cent and Seoul Composite moved up 014 per cent. 


Sensex Rangebound : Tech, Bank, Farma Down

At 11:15 am; Bombay Stock Exchange’s Sensex was at 19437.82, down 96.28 points or 0.49 per cent. The 30-share index touched a high of 19511.27 and low of 19352.24 in trade so far.

National Stock Exchange’s Nifty was at 5823, down 40.25 points or 0.69 per cent. The broader index touched a high of 5857.35 and low of 5809.50 intraday.

BSE Midcap Index was up 0.44 per cent and BSE Smallcap Index moved 0.70 per cent higher.

BSE IT Index was down 1.94 per cent, BSE Bankex slipped 1.07 per cent and BSE Healthcare Index moved 0.29 per cent lower. BSE Capital Goods Index was up 0.44 per cent.
Infosys Technologies (-3.93%), ICICI Bank (-2.05%), HDFC Bank (-2%), Jindal Steel (-1.50%) and SBI (-1.45%) were amongst the losers.

Reliance Communications (2.31%), Reliance Infrastructure (1.49%), Tata Motors (1.48%), Jaiprakash Associates (1.45%) and Bajaj Auto (1.27%) were amongst the top losers.

Market breadth was positive on the BSE with 1429 advances against 1001 declines.
 Nifty Below 5800
At 1 pm; National Stock Exchange’s Nifty was at 5791.45, down 71.80 points or 1.22 per cent. The broader index touched a high of 5857.35 and low of 5788.55 intraday.

Bombay Stock Exchange’s Sensex was at 19306.15, down 227.95 points or 1.17 per cent. The 30-share index touched a high of 19511.27 and low of 19304.94 in trade so far.

BSE Midcap Index was down 0.13 per cent and BSE Smallcap Index moved 0.43 per cent higher.
 
Amongst the sectoral indices, BSE IT Index was down 2.51per cent, BSE Bankex fell 2.32 per cent and BSE Metal Index moved 0.85 per cent lower. BSE Capital Goods Index was down 0.08 per cent.

Infosys Technologies (-4.41%), SBI (-2.73%), PNB (-2.72%), SAIL (-2.60%) and ICICI Bank (-2.57%) were amongst the losers.

Ambuja Cement (2.88%), Tata Motors (1.31%), Reliance Communications (1.26%), ACC (1.23%), and ONGC (0.79%) were amongst the top gainers.

Market breadth turned negative on the NSE with 1341 declines against 1295 declines.

At 2:30 pm; Bombay Stock Exchange’s Sensex was at 19216.16, down 317.94 points or 1.63 per cent. The 30-share index touched a high of 19522.38 and low of 19165.84 in trade so far.


National Stock Exchange’s Nifty was at 5766.90, down 96.35 points or 1.64 per cent. The broader index touched a high of 5857.35 and low of 5744.35 intraday.

BSE Midcap Index was down 0.69 per cent and BSE Smallcap Index moved 0.32 per cent lower.

Amongst the sectoral indices, BSE Bankex fell 3.33 per cent, BSE IT Index was down 2.79 per cent and BSE Healthcare Index moved 1.17 per cent lower. BSE Realty Index was down 0.04 per cent.

ICICI Bank (-4.31%), Infosys Technologies (-4.27%), SBI (-3.22%), HDFC Bank (-2.90%) and Mahindra & Mahindra (-1.87%) were amongst the losers.

ONGC (0.77%), DLF (0.76%), Tata Motors (0.54%), Sterlite Industries (0.38%), and Bajaj Auto (0.33%) were amongst the top gainers.

Market breadth was negative on the BSE with 1697 declines against 1104 advances.

Meanwhile, the European markets were also witnessing a lackluster session. FTSE 100 was down 0.41 per cent, CAC 40 was up 0.10 per cent and DAX moved 0.01 per cent higher.

Sensex Close 351 points lower :
National Stock Exchange’s Nifty ended at 5751.90, down 111.35 points or 1.90 per cent. The broader index touched a high of 5857.75 and low of 5736.70 intraday.

Bombay Stock Exchange’s Sensex closed at 19182.82, down 351.28 points or 1.80 per cent. The 30-share index touched a high of 19522.38 and low of 19136.27 in today’s trade. 

Stock Market Today 12th January 2011

At 9:19 a.m. (0349 GMT), the 30-share BSE index was up 0.7 percent at 19,331.63 points, with 21 components advancing.

The 50-share NSE index was up 0.7 percent at 5,796.05 points. 
  
Indian markets rose 0.8 percent early on Wednesday, after they lost more than 6 percent in the past six trading sessions, tracking stronger Asian markets.

Tata Steel was trading 1.5 percent lower after the world's No. 7 steelmaker said it expects operating results for the December quarter to decline compared with the preceding quarter, hurt by rising raw material prices and weak demand. 

At 9:40 am : National Stock Exchange’s Nifty was at 5791.20, up 37.10 points or 0.64 per cent. The broader index touched a high of 5815.75 and low of 5784.30 in early trade.

Bombay Stock Exchange’s Sensex was at 19283.66, up 87.32 points or 0.45 per cent. The 30-share index touched a high of 19379.55 and low of 19272.39 in trade so far.

BSE Midcap Index was up 0.72 per cent and BSE Smallcap Index moved 0.93 per cent higher.

Amongst the sectoral indices, BSE Bankex was up 1.12 per cent, BSE IT Index gained 0.92 per cent and BSE Oil&gas Index moved 0.88 per cent higher. BSE Capital Goods Index was down 0.69 per cent.

Suzlon Energy (3.37%), Cairn India (2.72%), Sterlite Industries (2.57%), Tata Motors (2.15%) and Kotak Bank (2.12%) were amongst the top Nifty gainers.

Tata Power (-2.18%), L&T (-1.70%), Tata Steel (-1.69%), Hero Honda (-1.24%) and Bajaj Auto (-1.16%) were amongst the losers.

Market breadth was positive on the NSE with 1237 advances against 515 declines.

Meanwhile, other Asian peers were also in the green. Nikkei 225 was up 0.48 per cent, Hang Seng gained 0.91 per cent and Taiwan Weighted moved up 0.58 per cent.  

Sensex Slips : Reliance Communications, Tata Steel, Bajaj Auto, L&T and Tata Power major Sensex losers

  
At 11 am: National Stock Exchange’s Nifty was at 5717.05, down 37.05 points or 0.64 per cent. The broader index touched a high of 5815.75 and low of 5715.55 intraday.


 Bombay Stock Exchange’s Sensex was at 19080.52, down 115.82 points or 0.60 per cent. The 30-share index touched a high of 19379.55 and low of 19056.39 in trade so far.
 
BSE Midcap Index was up 0.07 per cent and BSE Smallcap Index moved 0.11 per cent higher.

Amongst the sectoral indices, BSE Capital Goods Index fell 1.34 per cent, BSE Health Care Index slipped 1.04 per cent and BSE Realty Index moved 0.69 per cent lower. BSE IT Index was up 0.83 per cent, BSE Bankex gained 0.59 per cent

Reliance Communications (-3.13%), Tata Steel (-3.09%), Bajaj Auto (-2.99%), L&T (-2.66%) and Tata Power (-2.09%) were amongst the major Sensex losers.

Tata Motors (2.21%), TCS (1.86%), ICICI Bank (1.64%), Sterlite Industries (1.22%) and SBI (0.67%) were amongst the top gainers.

Market breadth was flat on the BSE with 1287 advances against 1254 declines. 

Nifty Came Near to 5700

At 1 pm: Bombay Stock Exchange’s Sensex was at 19094.85, down 101.49 points or 0.53 per cent. The 30-share index touched a high of 19379.55 and low of 19048.56 in trade so far. 
  
National Stock Exchange’s Nifty was at 5731.30, down 22.80 points or 0.40 per cent. The broader index touched a high of 5815.75 and low of 5711.30 intraday.

BSE Midcap Index was down 0.28 per cent and BSE Smallcap Index moved 0.40 per cent lower.

Amongst the sectoral indices, BSE Capital Goods Index was down 1.61 per cent, BSE Healthcare Index slipped 1.19 per cent and BSE Realty Index moved 1.10 per cent lower. BSE IT Index gained 0.33 per cent.

Reliance Communications (-3.12%), ONGC (-2.88%), L&T (-2.55%), Bajaj Auto (-2.50%) and Dr Reddy’s Laboratories (-2.39%) were amongst the losers.

Suzlon Energy (7.16%), Sterlite Industries (3.28%), Cairn India (3.19%), Tata Motors (3%) and TCS (2.13%) were amongst the top Nifty gainers.

Market breadth was negative on the NSE with 1718 losers as compared to 1028 gainers.

Sensex Gain Early : Sterlite Industries, Tata Motors, TCS, ICICI Bank and Bharti Airtel top gainers.

At 2:30 pm: National Stock Exchange’s Nifty was at 5841.45, up 87.35 points or 1.52 per cent. The broader index touched a high of 5846.35 and low of 5711.30 intraday. 

Bombay Stock Exchange’s Sensex was at 19476.20, up 279.86 points or 1.46 per cent. The 30-share index touched a high of 19486 and low of 19048.56 in trade so far.

BSE Midcap Index was up 1.33 per cent and BSE Smallcap Index moved 1.06 per cent higher.

Amongst the sectoral indices, BSE Realty Index gained 2.87 per cent and BSE Metal Index moved 2.40 per cent higher and BSE Bankex advanced 2.02 per cent. BSE Capital Goods Index was down 1.61 per cent.

Sterlite Industries (6.17%), Tata Motors (4.60%), TCS (4.15%), ICICI Bank (3.63%) and Bharti Airtel (2.74%) were amongst the top sectoral gainers.

Bajaj Auto (-1.33%) L&T (-1.29%), HUL (-1.10%), Cipla (-0.76%), and ONGC (-0.71%) were amongst the losers.

Market breadth was negative on the BSE with 1712 advances against 1138 declines.

Meanwhile, the European markets opened in the green. FTSE 100 was up 0.54 per cent, CAC 40 gained 1.30 per cent and DAX moved 1.22 per cent higher. 

Nifty Close 100 point Higher : Suzlon Energy, Sterlite Industries, Tata Motors, ICICI Bank and Reliance Capital were top gainers of the day 

National Stock Exchange’s Nifty ended at 5862.30, up 108.20 points or 1.88 per cent. The broader index touched a high of 5874.20 and low of 5711.30 intraday.

Bombay Stock Exchange’s Sensex was at 19522.49, up 326.15 points or 1.70 per cent. The 30-share index touched a high of 19574.63 and low of 19048.56 in trade so far.

BSE Midcap Index was up 1.79 per cent and BSE Smallcap Index moved 1.48 per cent higher.

Amongst the sectoral indices, BSE Realty Index moved 3.32 per cent higher, BSE Metal Index moved 2.78 per cent up and BSE Bankex advanced 2.65 per cent. BSE Capital Goods Index was down 0.15 per cent,

Suzlon Energy (12.53%), Sterlite Industries (7.37%), Tata Motors (5.52%), ICICI Bank (4.52%) and Reliance Capital (3.95%) were amongst the top sectoral gainers.

Shares of Suzlon Energy rallied after JP Morgan turned ‘overweight’ on the stock and raised its price target to Rs 64 from Rs 41 earlier.

Bajaj Auto (-1.68%) HUL (-1.09%), L&T (-0.98%), Tata Power (-0.79%), and Maruti (-0.31%) were amongst the losers.

Market breadth was positive on the NSE with 1832 advances against 1066 declines.
Source ET

Nifty close at 6150

MUMBAI: Benchmarks snapped four-day long winning streak and ended choppy session in the negative territory as traders booked profits at higher levels. Rate sensitives like banks, realty and auto led the decline while FMCG, oil&gas and pharma provided resistance.

“Nifty is likely to witness some amount of correction to the levels of 5900 in the near term. With last week’s recovery along with improvement in sentiments (locally and globally), traders are expecting a new high very soon (bullish hype generally associated with every pullback). However, with key indexes approaching key resistance levels, traders should consider taking some caution for 2011,” said IIFL note.

National Stock Exchange’s Nifty closed at 6146.35, down 11.25 points or 0.18 per cent. The broader index touched a high of 6181.05 and low of 6124.40 in today’s trade.

Bombay Stock Exchange’s Sensex closed at 20498.72, down 62.33 points or 0.30 per cent. The 30-share index touched a high of 20651.21 and low of 20449.01 intraday.

BSE Midcap Index was down 0.26 per cent and BSE Smallcap Index moved 0.04 per cent lower.

Amongst the sectoral indices, BSE Bankex was down 2.48 per cent and BSE Realty Index declined 1.12 per cent and BSE Auto Index slipped 0.55 per cent. BSE FMCG Index was up 1.70 per cent and BSE Oil&gas Index was up 1.29 per cent.

Nifty gainers included Suzlon Energy (2.86%), HCL Tech (2.11%), Hindustan Unilever (2.01%), Reliance Industries (1.93%) and Reliance Infrastructure (1.69%).

Shares of Suzlon Energy moved higher after reports that Spain's Gamesa Corporacion Tecnologica is interested in picking up some stake in the company. Meanwhile, Suzlon Energy has called the reports as speculative in nature.

Reliance Industries is mulling the establishment of a $1.2 billion liquefied natural gas import terminal on either the east or west coast to meet demand at its refineries and petrochemical plants.

ICICI Bank (-3.28%), SBI (-3.21%), Reliance Communications (-3.17%), Bajaj Auto (-2.94%), HDFC Bank (-2.41%) and were amongst the losers.

Market breadth was flat on the NSE with 1453 advances against 1498 declines.

Meanwhile, the European markets moved higher in line with other peers and the Wall Street is expected to follow suit. At 4:30 pm IST, Dow Jones was up 0.30 per cent, S&P 500 moved 0.24 per cent higher and Nasdaq moved 0.14 per cent higher. 

source economics times

Stock Market Today - 4th January 2010

Index		Prev Close	Open	High	Low	Last	% Change
S&P CNX NIFTY		6157.60	6172.75	6181.05	6124.40	6168.85	0.18
CNX NIFTY JUNIOR		12261.00	12278.45	12338.25	12210.35	12245.30	-0.13
CNX IT		7492.45	7500.30	7560.65	7499.55	7552.30	0.80
BANK NIFTY		11855.75	11868.40	11872.80	11605.85	11651.05	-1.73
INDIA VIX		16.99	16.99	17.52	15.76	16.73	-1.53
CNX 100		6056.20	6068.75	6080.20	6025.55	6064.40	0.14
S&P CNX DEFTY		4770.15	4789.70	4795.65	4731.55	4757.15	-0.27
S&P CNX 500		4967.30	4975.60	4988.25	4947.10	4975.45	0.16
CNX MIDCAP		8919.00	8965.65	8978.45	8892.40	8925.50	0.07
NIFTY MIDCAP 50		2958.05	2969.25	2977.30	2948.60	2963.15	0.17
CNX INFRA		3479.55	3487.75	3496.60	3456.10	3483.75	0.12
CNX REALTY		381.35	381.90	384.50	378.65	380.80	-0.14