Sensex edges up; Reliance Comm, Unitech fall
Indian shares edged up 0.4 percent in choppy early trade on Tuesday, with financials leading the rise.At 9:21 a.m. (0351 GMT), the 30-share BSE index was up 0.39 percent at 18,273.45 points, with 19 components advancing. It had briefly turned negative.
The 50-share NSE index was up 0.2 percent at 5,466.50
Nifty turns choppy; realty, capital goods down
At 9:35 am; National Stock Exchange’s Nifty was flat at 5456.10, up 0.10 points. The broader index touched a low of 5443.85 and high of 5474.45 in trade so far.Bombay Stock Exchange’s Sensex was at 18199.40, down 2.80 points or 0.02 per cent. The broader index touched a low of 18191.62 and high of 18278.62 intraday.
BSE Midcap Index was up 0.02 per cent and BSE Smallcap Index moved 0.28 per cent higher.
Amongst sectoral indices, BSE Oil&gas Index was up 0.42 per cent, BSE IT Index edged 0.30 per cent higher and BSE Bankex gained 0.15 per cent. BSE Realty Index was down 1.74 per cent and BSE Capital Goods Index declined 0.69 per cent.
BPCL (1.52%), Tata Power (1.09%), Sesa Goa (0.93%), IDFC (0.86%) and Tata Motors (0.81%) were amongst the major Nifty gainers.
Jaiprakash Associates (-3.37%), Reliance Communications (-1.95%), M&M (-1.93%), Reliance Capital (-1.82%) and Hindalco (-1.80%) were the only losers.
Market breadth was positive on the NSE with 1048 gainers against 702 losers.
Sensex rangebound; RCom, RInfra, ICICI, SBI gain
At 1:15 pm; Bombay Stock Exchange’s Sensex was at 18245.62, up 43.42 points or 0.24 per cent. The broader index touched a low of 18050.48 and high of 18307.44 intraday.National Stock Exchange’s Nifty was flat at 5471.45, up 15.45 points or 0.28 per cent. The broader index touched a low of 5408.35 and high of 5491.95 in trade so far.
“On the daily chart, we are witnessing that prices have tested the upper trendline of the channel. Any breakout of the channel could lead the indices to test 18400 – 18542 / 5512 – 5566 levels. On the downside, 17871 – 17761 / 5357 – 5322 may act as support for the day,” said Angel Broking note.
BSE Midcap Index was down 0.06 per cent and BSE Smallcap Index moved 0.41 per cent higher.
Amongst sectoral indices, BSE Bankex was up 1.58 per cent, BSE Oil&gas Index edged 0.71 per cent higher. BSE Capital Goods Index fell 1.21 per cent and BSE Realty Index was down 0.76 per cent.
Reliance Communications (5.75%), Reliance Infrastructure (3.09%), ICICI Bank ( 2.31%), Tata Motors (1.83%) and SBI (1.79%) were amongst the major Sensex gainers.
Jaiprakash Associates (-2.46%), M&M (-2.44%), BHEL (-2.16%), TCS (-1.94%) and Hindalco (-1.55%) were the only losers.
Market breadth was positive on the BSE with 1379 gainers against 1298 losers.
Nifty hits 5500; RCap, RCom, RPower, RIL, Kotak up
At 3 pm; National Stock Exchange’s Nifty was at 5490.95, up 34.95 points or 0.64 per cent. The broader index touched a low of 5408.35 and high of 5506.50 in trade so far.Bombay Stock Exchange’s Sensex was at 18307.14, up 104.94 points or 0.58 per cent. The broader index touched a low of 18050.48 and high of 18361.66 intraday.
BSE Midcap Index was up 0.03 per cent and BSE Smallcap Index moved 0.78 per cent higher.
Amongst sectoral indices, BSE Oil&gas Index was up 1.92 per cent, BSE Bankex gained 1.68 per cent higher and BSE Auto Index moved 0.87 per cent higher. BSE Capital Goods Index was down 1.34 per cent and BSE Realty Index declined 0.77 per cent.
Reliance Capital (9.66%), Reliance Communications (5.14%), Reliance Power (3.70%), Kotak Bank (3.16%) and Reliance Industries (2.96%) were amongst the major Nifty gainers.
Jaiprakash Associates (-3.37%), Hindalco (-3.06%), BHEL (-2.24%), DLF (-1.95%) and L&T (-1.55%) were the only losers.
Market breadth was positive on the NSE with 1602 gainers against 1213 losers.
Sensex ends in green; RCom, RIL, Tata Motors gain
Benchmarks ended in the green for third consecutive day as investors accumulated index heavy-weights at lower levels. Losses in capital goods, realty and IT space were offset by gains in oil&gas, banks and auto sotcks.Bombay Stock Exchange’s Sensex ended at 18271.21, up 69.01 points or 0.38 per cent. The broader index touched a low of 18050.48 and high of 18361.66 intraday.
National Stock Exchange’s Nifty closed at 5478.55, up 22.55 points or 0.41 per cent. The broader index touched a low of 5408.35 and high of 5506.50 in trade so far.
BSE Midcap Index was down 0.19 per cent and BSE Smallcap Index moved 0.60 per cent higher.
Amongst sectoral indices, BSE Oil&gas Index was up 1.81 per cent, BSE Bankex gained 1.47 per cent higher and BSE Auto Index moved 0.80 per cent higher. BSE Capital Goods Index was down 1.83 per cent and BSE Realty Index declined 1.65 per cent.
Reliance Communications (3.59%), Tata Motors (3.01%), Reliance (2.98%), Tata Power (2.31%) and Bajaj Auto (2.26%) were amongst the major Sensex gainers.
DLF (-3.24%), Jaiprakash Associates (-3.09%), Hindalco (-2.89%), BHEL (-2.45%) and L&T (-2.38%) were the top index losers.
Market breadth was positive on the BSE with 1389 gainers against 1291 losers.
Sensex extends gain for third session; ends 72 points up
In volatile trading, the BSE benchmark Sensex today surged for the third session in a row, rising almost 72 points to close at 18,273.80 on capital inflow by foreign funds as blue-chips, led by RIL, were available at attractive values.The Bombay Stock Exchange benchmark Sensex, which gained nearly 740 points in the previous two sessions, gathered another 71.60 points to 18,273.80 supported by a strong comeback by most-weighed Reliance Industries stocks.
The gauge moved between 18,361.66 and 18,050.48 during the session, showing volatile movements in stocks.
In a similar fashion, the broad-based National Stock Exchange index Nifty shot up 25.00 points to 5,481.00 after crossing the psychological mark of 5,500 points to touch the session's high of 5,506.50 and a low of 5,408.35.
Brokers said that apart from sustained buying by foreign funds and retail investors, hectic short-covering in the recently beaten oil and gas, banking and auto sector stocks was also responsible for the ongoing rally on the market.
RIL, which had been trading in the negative zone for the past several sessions, bounced back on emergence of buying at prevailing levels and ended 2.90 per cent to Rs 941.75.
Tata Power, the largest power producer in the private sector, gained 2.14 per cent to Rs 1,267.90 on a flurry of buying, triggered by a three-fold increase in net profit for the third quarter ended December 31, 2010, while State Bank of India , country's biggest lender, surged 1.38 per cent to Rs 2,728.40.
Tata Motor shares ended 2.41 per cent higher at Rs 1,237.85 after its global sales increased 16 per cent in January.
The oil and gas sector gained the most, up 1.85 per cent at 9,497.05, followed by banking index that was up by 1.53 per cent to 12,429.32. The PSU index gained 1.10 per cent to 8,637.79, auto index by 0.71 per cent to 8,875.58 and power index by 0.14 per cent to 2,639.59 points.
However, capital goods sector index which had been rising in the past two sessions, fell by 1.75 per cent to 13,068.59 as BHEL and Larsen and Toubro succumbed to profit-booking. The realty sector index also shed 1.33 per cent to 2,112.90 and the IT sector Index closed lower by 0.40 per cent to 6,245.08.
Nifty ends higher; RCap, RCom, RIL, Kotak, PNB up
Benchmarks ended in the positive terrain for third consecutive day as investors bought frontline stocks at relatively lower levels. Losses in capital goods, realty and IT space were offset by gains in oil&gas, banks and auto sotcks. According to analysts, the market is likely to remain volatile in the run-up to budget session.Markets opened higher tracking cues from Asian peers and turned choppy due to lack of buying activity. However, by afternoon some smart hands bought stocks of ADAG group companies and index heavy weight Reliance Industries. This helped the benchmarks to breach psychological resistance levels intraday. Oil&gas, banks and auto space ended higher while capital goods and realty stocks lagged behind.
National Stock Exchange’s Nifty closed at 5481, up 25 points or 0.46 per cent. The broader index touched a low of 5408.35 and high of 5506.50 in today’s trade.
Bombay Stock Exchange’s Sensex ended at 18273.80, up 71.60 points or 0.39 per cent. The broader index touched a low of 18050.48 and high of 18361.66 intraday.
“We are in a pull-back rally and it can take the Nifty upto 5750-5800 levels. However, the rally is not likely to last long long and the recent support levels may be challenged. From short term perspective we see potential of 10-15 per cent upmove in small banking counters like Vijaya Bank and Dena Bank ,” said Dwaipayan Poddar, technical analyst, LKP Shares .
BSE Midcap Index was down 0.07 per cent and BSE Smallcap Index ended 0.59 per cent higher.
Amongst sectoral indices, BSE Oil&gas Index was up 1.85 per cent, BSE Bankex gained 1.53 per cent higher and BSE Auto Index moved 0.71 per cent higher. BSE Capital Goods Index was down 1.75 per cent and BSE Realty Index declined 1.33 per cent.
Reliance Capital (8.22%), Reliance Communications (3.85%), Punjab National Bank (3.46%), Kotak Bank (3.23%) and Reliance Industries (2.94%) were amongst the major Nifty gainers.
Jaiprakash Associates (-3.31%), DLF (-3.20%), Hindalco (-3.03%), BHEL (-2.78%) and L&T (-2.36%) were the top index losers.
Market breadth was positive on the NSE with 1587 gainers against 1298 losers.
Source ET