Thursday, February 3, 2011

Nifty Close above 5525; DLF, JP Asso, Bharti gain

NEW DELHI: Indian shares were choppy in early trade on Thursday with little direction from world markets and as an escalation of violence in Egypt kept investors wary.

The main 30-share BSE index was trading 0.3 percent up at 18,144.01 points by 0349 GMT, with 24 of the components gaining. The index opened marginally higher but quickly turned negative before rebounding.

Infosys Technologies and Housing Development Finance Corp were leading the gainers.

The 50-share NSE index was up 0.15 percent at 5,440.10.


Nifty lackluster; RCom, ACC, Sun Pharma, BPCL down
At 9:45 am: National Stock Exchange’s Nifty was at 5425.55, down 6.45 points or 0.12 per cent. The 50-share index touched a low of 5418 and high of 5443.45 in trade so far.

Bombay Stock Exchange’s Sensex was at 18110.08, up 19.46 points or 0.11 per cent. The 30-share index touched a low of 18064.61 and high of 18158.01 in trade so far.

“The trend deciding level for the day is 18146/5446 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18250 - 18410/5477 - 5521 levels.
However, if Nifty trades below 18146/5446 levels for the first half-an-hour of trade then it may correct up to 17987 - 17883/5402 - 5371 levels,” said Angel Broking note.

BSE Midcap Index was down 0.11 per cent and BSE Smallcap Index edged 0.09 per cent lower.

Amongst the sectoral indices, BSE Realty Index gained 0.33 per cent, BSE Auto Index moved 0.31 per cent higher and BSE Bankex advanced 0.16per cent. BSE Oil&gas Index was down 0.70 per cent and BSE Power Index slipped 0.55 per cent.

Bharti Airtel (2.76%), Hero Honda (2.04%), DLF (1.58%), Cipla (0.81%), and Hindustan Unilever (0.80%) were the top Nifty gainers.

Reliance Communications (-2.05%), ACC (-1.81%), Sun Pharma (-1.80%), BPCL (-1.63%) and Dr Reddy’s Laboratories (-1.48%) were the top losers.

Market breadth was positive on the NSE with 901 gainers against 864 losers.

Sensex surges; realty, metals, banks, oil & gas lead

At 11:11 am: Bombay Stock Exchange’s Sensex was at 18369.87, up 279.25 points or 1.54 per cent. The 30-share index touched a low of 18064.61 and 18393.56 high of in trade so far.

National Stock Exchange’s Nifty was at 5502.75, up 70.75 points or 1.30 per cent. The 50-share index touched a low of 5418 and high of 5514.25 intraday.

BSE Midcap Index was up 0.67 per cent and BSE Smallcap Index advanced 0.72 per cent higher.

All the sectoral indices were in the green. BSE Realty Index gained 2.67 per cent, BSE Metal Index moved 1.58 per cent higher and BSE Bankex was up 1.37 per cent.

DLF (5.39%), Hindalco (3.32%), Bharti Airtel (2.77%), Hero Honda (2.73%), and Jaiprakash Associates (2.60%) were the top Sensex gainers. There were no index losers.

IIFL is of the view that Bharti Airtel has formed bullish ‘piercing line’ pattern on candlestick which corroborates trend reversal from the down trend. It has reiterated ‘Buy’ for target of Rs 335.

Market breadth was positive on the BSE with 1480 gainers against 902 losers.

Nifty holds 5500; DLF, Hindalco, L&T, RInfra gain


At 1:10 pm: National Stock Exchange’s Nifty was at 5508.10, up 76.10 points or 1.40 per cent. The 50-share index touched a low of 5418 and high of 5520.15 in trade so far.

Bombay Stock Exchange’s Sensex was at 18383.97, up 293.35 points or 1.62 per cent. The 30-share index touched a low of 18064.61 and high of 18418.36 in trade so far.

BSE Midcap Index was up 0.60 per cent and BSE Smallcap Index gained 0.61 per cent.

Amongst the sectoral indices, BSE Realty Index advanced 2.69 per cent, BSE Capital Goods Index rose 2.21 per cent and BSE Metal Index gained 1.84 per cent.

DLF (5.57%), Hindalco (3.49%), Jaiprakash Associates (3.33%), L&T (3.33%) and Reliance Infrastructure (3.03%) were the top Nifty gainers.

HCL Tech (-1.38%), ACC (-1.32%), BPCL (-1.17%), Dr Reddy’s Laboratories (-0.95%) and IDFC (-0.35%) were the top losers.

Market breadth was positive on the NSE with 1620 gainers against 1023 losers.

Meanwhile, European markets are likely to open in the red. FTSE 100 futures was down 0.20 per cent, CAC 40 slipped 0.30 per cent and DAX declined 0.13 per cent.

Sensex up over 300 points; realty, capital goods up


At 2:30 pm: Bombay Stock Exchange’s Sensex was at 18424.85, up 334.23 points or 1.85 per cent. The 30-share index touched a low of 18064.61 and high of 18443.21 in trade so far.

National Stock Exchange’s Nifty was at 5520.30, up 88.30 points or 1.63 per cent. The 50-share index touched a low of 5418 and high of 5528.05 in trade so far.

BSE Midcap Index was up 1.03 per cent and BSE Smallcap Index gained 0.94 per cent.

Amongst the sectoral indices, BSE Realty Index moved 3.12 per cent higher, BSE Capital Goods Index rose 2.50 per cent and BSE Bankex gained 1.88 per cent.

DLF (5.72%), Jaiprakash Associates (4.08%), Hindalco (4.02%), L&T (3.83%) and Tata Motors (3.49%) were the top Sensex gainers.

Bajaj Auto (-0.63%) was the only index loser.

Market breadth was positive on the NSE with 1620 gainers against 1023 losers.

Meanwhile, European markets were witnessing profit booking. FTSE 100 was down 0.58 per cent, CAC 40 slipped 1.04 per cent and DAX declined 0.42 per cent.

Nifty Close above 5525; DLF, JP Asso, Bharti gain

National Stock Exchange’s Nifty closed at 5527.85, up 95.85 points or 1.76 per cent. The 50-share index touched a low of 5418 and high of 5532.65 in trade so far.

Bombay Stock Exchange’s Sensex ended at 18458.04, up 367.42 points or 2.03 per cent. The 30-share index touched a low of 18064.61 and high of 18466.21 in trade so far.

BSE Midcap Index was up 1.08 per cent and BSE Smallcap Index gained 1.29 per cent.

Amongst the sectoral indices, BSE Realty Index moved 4.09 per cent higher, BSE Metal Index rose 2.31 per cent and BSE Capital Goods gained 2.20 per cent.

DLF (8.30%), Jaiprakash Associates (6.72%), Bharti Airtel (5.89%), Hindalco (5.11%) and Ambuja Cement (3.55%) were the top Nifty gainers.

HCL Tech (-1.26%), Dr Reddy’s Laboratories (-0.83%), ACC (-0.81%), Ranbaxy Laboratories (-0.57%) and IDFC (-0.57%) were amongst the top sectoral losers.

Market breadth was positive on the NSE with 1801 gainers against 1032 losers.
Source ET

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