Indian shares were up 0.2 percent in early trade on Monday ahead of the federal budget.
Finance Minister Pranab Mukherjee , who is scheduled to begin the budget speech at 11 a.m. (0530 GMT), faces the daunting task of appeasing voters weary of high inflation while trying to tame fiscal deficit.
At 9:16 a.m. (0346 GMT), the 30-share BSE index, or Sensex, was up 0.24 percent at 17,743.58 points, with 18 components advancing. It started up 0.6 percent.
The 50-share NSE index was up 0.3 percent at 5,320.60.
Finance Minister Pranab Mukherjee , who is scheduled to begin the budget speech at 11 a.m. (0530 GMT), faces the daunting task of appeasing voters weary of high inflation while trying to tame fiscal deficit.
At 9:16 a.m. (0346 GMT), the 30-share BSE index, or Sensex, was up 0.24 percent at 17,743.58 points, with 18 components advancing. It started up 0.6 percent.
The 50-share NSE index was up 0.3 percent at 5,320.60.
Nifty moves higher; IDFC, RCapital, ONGC, HDFC up
Indian markets were witnessing buying activity across ahead of the Union Budget to be tabled in the parliament today. All the sectoral indices except the auto space were in the positive terrain. According to analysts, the market may turn volatile as the session progresses.
At 9:45 am; National Stock Exchange’s Nifty was at 5342.35, up 38.80 points or 0.73 per cent. The broader index touched a low of 5316.55 and high of 5346.25 in trade so far.
Bombay Stock Exchange’s Sensex was at 17787.52, up 86.61 points or 0.49 per cent. The 30-share index touched a low of 17732.38 and high of 17832.72 in trade so far.
“The trend deciding level for the day is 17661 / 5292 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 17852 – 18004 / 5350 - 5397 levels. However, if NIFTY trades below 17661 / 5292 levels for the first half-an-hour of trade then it may correct up to 17510 – 17319 / 5245 - 5186 levels,” said Angel Broking note.
BSE Midcap Index was up 1.06 per cent and BSE Smallcap Index moved 1.17 per cent higher.
Amongst the sectoral indices, BSE Capital Goods Index was up 1.35 per cent, BSE Oil&gas Index moved 1.23 per cent up and BSE Power Index gained 0.96 per cent. BSE Auto Index was down 1.10 per cent.
IDFC (4.31%), Reliance Capital (3.43%), Power Grid (2.82%), ONGC (2.61%) and HDFC (2.10%) were amongst the major Nifty gainers.
Tata Motors (-2.58%), Hero Honda (-2.52%), Hindalco (-1.62%), ACC (-1.43%) and Ambuja Cement (-1.29%) were the top losers.
Market breadth was positive on the NSE with 1378 advances against 491 declines.
At 9:45 am; National Stock Exchange’s Nifty was at 5342.35, up 38.80 points or 0.73 per cent. The broader index touched a low of 5316.55 and high of 5346.25 in trade so far.
Bombay Stock Exchange’s Sensex was at 17787.52, up 86.61 points or 0.49 per cent. The 30-share index touched a low of 17732.38 and high of 17832.72 in trade so far.
“The trend deciding level for the day is 17661 / 5292 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 17852 – 18004 / 5350 - 5397 levels. However, if NIFTY trades below 17661 / 5292 levels for the first half-an-hour of trade then it may correct up to 17510 – 17319 / 5245 - 5186 levels,” said Angel Broking note.
BSE Midcap Index was up 1.06 per cent and BSE Smallcap Index moved 1.17 per cent higher.
Amongst the sectoral indices, BSE Capital Goods Index was up 1.35 per cent, BSE Oil&gas Index moved 1.23 per cent up and BSE Power Index gained 0.96 per cent. BSE Auto Index was down 1.10 per cent.
IDFC (4.31%), Reliance Capital (3.43%), Power Grid (2.82%), ONGC (2.61%) and HDFC (2.10%) were amongst the major Nifty gainers.
Tata Motors (-2.58%), Hero Honda (-2.52%), Hindalco (-1.62%), ACC (-1.43%) and Ambuja Cement (-1.29%) were the top losers.
Market breadth was positive on the NSE with 1378 advances against 491 declines.
Sensex firm as FM begins budget speech
Benchmarks held on to early morning gains as Finance Minister, Pranab Mukherjee began his budget speech in the parliament. The rally was led by gains in PSU, capital goods and oil&gas space while auto and metals stocks lagged behind.
At 11:05 am; Bombay Stock Exchange’s Sensex was at 17839.38, up 138.47 points or 0.78 per cent. The 30-share index touched a low of 17732.38 and high of 17871.41 in trade so far.
National Stock Exchange’s Nifty was at 5342.75, up 39.20 points or 0.74 per cent. The broader index touched a low of 5316.55 and high of 5356.05 in trade so far.
BSE Midcap Index was up 1.02 per cent and BSE Smallcap Index moved 1.07 per cent higher.
Amongst the sectoral indices, BSE PSU Index was up 2.35 per cent, BSE Capital Goods Index moved up 2.06 per cent and BSE Oil&gas Index gained 2.03 per cent. BSE Auto Index was down 1.19 per cent and BSE Metal Index slipped 0.03 per cent.
At 11:05 am; Bombay Stock Exchange’s Sensex was at 17839.38, up 138.47 points or 0.78 per cent. The 30-share index touched a low of 17732.38 and high of 17871.41 in trade so far.
National Stock Exchange’s Nifty was at 5342.75, up 39.20 points or 0.74 per cent. The broader index touched a low of 5316.55 and high of 5356.05 in trade so far.
BSE Midcap Index was up 1.02 per cent and BSE Smallcap Index moved 1.07 per cent higher.
Amongst the sectoral indices, BSE PSU Index was up 2.35 per cent, BSE Capital Goods Index moved up 2.06 per cent and BSE Oil&gas Index gained 2.03 per cent. BSE Auto Index was down 1.19 per cent and BSE Metal Index slipped 0.03 per cent.
Nifty gains momentum; PSU, realty, oil&gas up
Markets reacted positively to the union budget presented by the finance minister Pranab Mukherjee in the Lok Sabha. PSU, realty and oil&gas sectoral indices led the rally while auto space was marginally lower.
At 12 pm; National Stock Exchange’s Nifty was at 5378.10, up 74.55 points or 1.41 per cent. The broader index touched a low of 5316.55 and high of 5395.85 in trade so far.
Bombay Stock Exchange’s Sensex was at 17934.14, up 233.23 points or 1.32 per cent. The 30-share index touched a low of 17732.38 and high of 17983.62 in trade so far.
BSE Midcap Index was up 1.19 per cent and BSE Smallcap Index moved 1.28 per cent higher.
Amongst the sectoral indices, BSE PSU Index was up 2.75 per cent, BSE Realty Index moved up 2.74 per cent and BSE Oil&gas Index gained 2.37 per cent. BSE Auto Index was down 0.37 per cent.
Reliance Capital (7.46%), IDFC (6.45%), BPCL (4.06%), ONGC (3.99%) and HDFC (3.95%) were amongst the major Nifty gainers.
Hero Honda (-3.16%), Tata Motors (-2.53%), ACC (-1.62%), Ranbaxy Laboratories (-1.48%) and Tata Power (-1.27%) were the top losers.
Market breadth was positive on the NSE with 1692 advances against 723 declines.
At 12 pm; National Stock Exchange’s Nifty was at 5378.10, up 74.55 points or 1.41 per cent. The broader index touched a low of 5316.55 and high of 5395.85 in trade so far.
Bombay Stock Exchange’s Sensex was at 17934.14, up 233.23 points or 1.32 per cent. The 30-share index touched a low of 17732.38 and high of 17983.62 in trade so far.
BSE Midcap Index was up 1.19 per cent and BSE Smallcap Index moved 1.28 per cent higher.
Amongst the sectoral indices, BSE PSU Index was up 2.75 per cent, BSE Realty Index moved up 2.74 per cent and BSE Oil&gas Index gained 2.37 per cent. BSE Auto Index was down 0.37 per cent.
Reliance Capital (7.46%), IDFC (6.45%), BPCL (4.06%), ONGC (3.99%) and HDFC (3.95%) were amongst the major Nifty gainers.
Hero Honda (-3.16%), Tata Motors (-2.53%), ACC (-1.62%), Ranbaxy Laboratories (-1.48%) and Tata Power (-1.27%) were the top losers.
Market breadth was positive on the NSE with 1692 advances against 723 declines.
Sensex touches 18000; M&M, ITC, Maruti, L&T up
Indian markets reacted positively to the Union Budget presented by the Finance Minister Pranab Mukherjee in the parliament. The minister has proposed to raise Rs 40,000 crores through disinvestment. He added that fiscal deficit for FY 11-12 is seen at seen at 4.6%.
At 1:17 pm; Bombay Stock Exchange’s Sensex was at 18091.12, up 390.21 points or 2.20 per cent. The 30-share index touched a low of 17718.88 and high of 18128.97 in trade so far.
National Stock Exchange’s Nifty was at 5418.50, up 114.95 points or 2.17 per cent. The broader index touched a low of 5312.25 and high of 5430.25 in trade so far.
BSE Midcap Index was up 0.91 per cent and BSE Smallcap Index moved 1.06 per cent higher.
Amongst the sectoral indices, BSE FMCG Index advanced 4.34 per cent, BSE PSU Index moved up 2.70 per cent and BSE Realty Index gained 2.51 per cent. BSE Auto Index was up 2.41 per cent.
Shares of auto companies bounced back in positive territory as the Finance Minister didn’t hike the excise duty on automobiles as feared by the industry, say analysts.
M&M (7.45%), ITC (6.95%), Maruti (4.55%), L&T (3.50%) and HDFC (3.19%) were amongst the major Sensex gainers.
Tata Power (-1.25%), Reliance Infrastructure (-0.86%) and Hero Honda (-0.22%) were the only losers.
Market breadth was positive on the BSE with 1760 advances against 866 declines.
At 1:17 pm; Bombay Stock Exchange’s Sensex was at 18091.12, up 390.21 points or 2.20 per cent. The 30-share index touched a low of 17718.88 and high of 18128.97 in trade so far.
National Stock Exchange’s Nifty was at 5418.50, up 114.95 points or 2.17 per cent. The broader index touched a low of 5312.25 and high of 5430.25 in trade so far.
BSE Midcap Index was up 0.91 per cent and BSE Smallcap Index moved 1.06 per cent higher.
Amongst the sectoral indices, BSE FMCG Index advanced 4.34 per cent, BSE PSU Index moved up 2.70 per cent and BSE Realty Index gained 2.51 per cent. BSE Auto Index was up 2.41 per cent.
Shares of auto companies bounced back in positive territory as the Finance Minister didn’t hike the excise duty on automobiles as feared by the industry, say analysts.
M&M (7.45%), ITC (6.95%), Maruti (4.55%), L&T (3.50%) and HDFC (3.19%) were amongst the major Sensex gainers.
Tata Power (-1.25%), Reliance Infrastructure (-0.86%) and Hero Honda (-0.22%) were the only losers.
Market breadth was positive on the BSE with 1760 advances against 866 declines.
Sensex erases gains, below 18000 points
Benchmarks gave away most of intraday gains as post-budget euphoria came to an end and as traders booked profit near crucial resistance levels. The Finance Minister Pranab Mukherjee in his budget speech said fiscal deficit for FY 11-12 is seen at 4.6%. He has proposed to raise Rs 40,000 crores through disinvestment.
At 3 pm; National Stock Exchange’s Nifty was at 5318.95, up 15.40 points or 0.29 per cent. The broader index touched a low of 5312.25 and high of 5477 in trade so far.
Bombay Stock Exchange’s Sensex was at 17797.20, up 96.29 points or 0.54 per cent. The 30-share index touched a low of 17718.88 and high of 18296.53 intraday.
"The budget is positive for equity markets, the budget is positive for the bond markets as well and I do believe that he has made some changes including on the equity side which the major change which I think is path breaking is the whole change on mutual funds being allowed to borrowed or to raise money in equities from foreign investors I think that is a big plus.," said Uday Kotak, Executive Vice Chairman & MD, Kotak Mahindra Bank
BSE Midcap Index was up 0.26 per cent and BSE Smallcap Index moved 0.33 per cent higher.
Amongst the sectoral indices, BSE FMCG Index advanced 4.08 per cent, BSE PSU Index moved up 1.78 per cent and BSE Realty Index gained 1.21 per cent. BSE Metal Index was down 0.52 per cent and BSE Auto Index moved 0.30 per cent lower.
"It is a pleasant surprise in fact this budget is sentiment changer for the market. There are quite a few things that have come in the budget were not expected and on the fiscal deficit front there is bit of accounting but still it is very positive. Mutual funds will get foreign investors to invest directly. So market is expecting that there will be more equity flow into the market," said Nirmal Jain, chairman & MD, IIFL.
Sesa Goa (-8.16%), Ambuja Cement (-5.51%), Reliance Infrastructure (-4.40%), Ranbaxy Laboratories (-3.62%) and Tata Motors (-3.26%) were the top Nifty losers.
ITC (6.14%), IDFC (5.22%), Reliance Capital (4.23%), M&M (2.82%) and Cairn India (2.46%) were the top gainers.
Market breadth was positive on the NSE with 1561 advances against 1051 declines.
At 3 pm; National Stock Exchange’s Nifty was at 5318.95, up 15.40 points or 0.29 per cent. The broader index touched a low of 5312.25 and high of 5477 in trade so far.
Bombay Stock Exchange’s Sensex was at 17797.20, up 96.29 points or 0.54 per cent. The 30-share index touched a low of 17718.88 and high of 18296.53 intraday.
"The budget is positive for equity markets, the budget is positive for the bond markets as well and I do believe that he has made some changes including on the equity side which the major change which I think is path breaking is the whole change on mutual funds being allowed to borrowed or to raise money in equities from foreign investors I think that is a big plus.," said Uday Kotak, Executive Vice Chairman & MD, Kotak Mahindra Bank
BSE Midcap Index was up 0.26 per cent and BSE Smallcap Index moved 0.33 per cent higher.
Amongst the sectoral indices, BSE FMCG Index advanced 4.08 per cent, BSE PSU Index moved up 1.78 per cent and BSE Realty Index gained 1.21 per cent. BSE Metal Index was down 0.52 per cent and BSE Auto Index moved 0.30 per cent lower.
"It is a pleasant surprise in fact this budget is sentiment changer for the market. There are quite a few things that have come in the budget were not expected and on the fiscal deficit front there is bit of accounting but still it is very positive. Mutual funds will get foreign investors to invest directly. So market is expecting that there will be more equity flow into the market," said Nirmal Jain, chairman & MD, IIFL.
Sesa Goa (-8.16%), Ambuja Cement (-5.51%), Reliance Infrastructure (-4.40%), Ranbaxy Laboratories (-3.62%) and Tata Motors (-3.26%) were the top Nifty losers.
ITC (6.14%), IDFC (5.22%), Reliance Capital (4.23%), M&M (2.82%) and Cairn India (2.46%) were the top gainers.
Market breadth was positive on the NSE with 1561 advances against 1051 declines.
Sensex ends above 17800; PSU, FMCG, realty up
Benchmarks ended in the positive territory after paring most of intraday gains as post-budget euphoria came to an end. FMCG, PSU and realty space led the rally while auto and power space closed marginally lower.
The Finance Minister Pranab Mukherjee in his budget speech said fiscal deficit for FY 11-12 is seen at 4.6%. He has proposed to raise Rs 40,000 crores through disinvestment.
Bombay Stock Exchange’s Sensex closed at 17832.12, up 131.21 points or 0.74 per cent. The 30-share index touched a low of 17718.88 and high of 18296.53 intraday.
National Stock Exchange’s Nifty ended at 5334.20, up 30.65 points or 0.58 per cent. The broader index touched a low of 5308.60 and high of 5477 in today’s trade.
BSE Midcap Index was up 0.37 per cent and BSE Smallcap Index moved 0.40 per cent higher.
Amongst the sectoral indices, BSE FMCG Index advanced 4.57 per cent, BSE PSU Index moved up 1.99 per cent and BSE Realty Index gained 1.29 per cent. BSE Auto Index was down 0.18 per cent and BSE Power Index moved 0.10 per cent lower.
ITC (8.55%), Maruti (4.80%), ONGC (3.46%), M&M (2.84%) and SBI (2.40%) were the top gainers.
Reliance Infrastructure (-5.19%), Jaiprakash Associates (-3.51%), Hero Honda (-2.79%), Tata Motors (-2.45%), and Reliance Communications (-2.06%) were the top Nifty losers.
Market breadth was positive on the BSE with 1545 advances against 1228 declines.
The Finance Minister Pranab Mukherjee in his budget speech said fiscal deficit for FY 11-12 is seen at 4.6%. He has proposed to raise Rs 40,000 crores through disinvestment.
Bombay Stock Exchange’s Sensex closed at 17832.12, up 131.21 points or 0.74 per cent. The 30-share index touched a low of 17718.88 and high of 18296.53 intraday.
National Stock Exchange’s Nifty ended at 5334.20, up 30.65 points or 0.58 per cent. The broader index touched a low of 5308.60 and high of 5477 in today’s trade.
BSE Midcap Index was up 0.37 per cent and BSE Smallcap Index moved 0.40 per cent higher.
Amongst the sectoral indices, BSE FMCG Index advanced 4.57 per cent, BSE PSU Index moved up 1.99 per cent and BSE Realty Index gained 1.29 per cent. BSE Auto Index was down 0.18 per cent and BSE Power Index moved 0.10 per cent lower.
ITC (8.55%), Maruti (4.80%), ONGC (3.46%), M&M (2.84%) and SBI (2.40%) were the top gainers.
Reliance Infrastructure (-5.19%), Jaiprakash Associates (-3.51%), Hero Honda (-2.79%), Tata Motors (-2.45%), and Reliance Communications (-2.06%) were the top Nifty losers.
Market breadth was positive on the BSE with 1545 advances against 1228 declines.
Source ET
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