Indian Stock Market : Nifty ends below 5,200; power, realty, auto down

The Nifty ended a dull session below the 5,200 level as traders squared off open positions on the expiry day of April F&O series.

The NSE index ended at 5,191.70, down 10.30 points, or 0.20 percent. It touched an intraday high of 5,215.60 and a low of 5,179.05.

The Sensex closed at 17,134.22, down 17.07 points, or 0.10 percent. It touched an intraday high of 17,193.25 and a low of 17,084.05.

The BSE Midcap Index was down 0.29 percent and the BSE Smallcap Index moved 0.32 percent lower.

Among sectoral indices, the BSE Power Index was down 1.40 percent, the BSE Realty Index declined 0.89 percent and the BSE Auto Index was 0.68 percent lower. The BSE IT Index was up 0.19 percent and the BSE FMCG Index advanced 0.18 percent.



Source : economics times

Indian Stock Market : Sensex lackluster; GAIL, Hero, DLF, Bajaj Auto down

At 12:00 p.m., the Sensex was at 17,147.14, down 4.15 points, or 0.02 percent. It has touched a high of 17,193.25 and a low of 17,101.73 in trade so far.

The Nifty was at 5,200.30, down 1.70 points, or 0.03 percent. It has touched a high of 5,215.60 and a low of 5,183.65 in trade so far.

"On the daily chart, for the second consecutive trading session, we witnessed a narrow range body formation which indicates indecisiveness prevailing at the current level.

If Nifty trades convincingly above the 5,240 level, only then we may witness an upside up to the 5,300 level. On the downside, the 200-day SMA (5,132 level) remains the crucial support level, which if breached on a closing basis a further weakness to 5,050 could be possible in a couple of trading sessions.

We reiterate that traders are advised to maintain a cautious approach towards the market," an Arihant Capital Market report stated.

The BSE Midcap Index was down 0.22 percent and the BSE Smallcap Index moved 0.05 percent lower.

Among sectoral indices, the BSE Auto Index was down 0.64 percent, the BSE Realty Index slipped 0.61 percent and the BSE Power Index declined 0.41 percent. The BSE Metal Index was up 0.50 percent and the BSE IT Index advanced 0.50 percent.

GAIL (2.51%), Hero MotoCorp (2.44%), DLF (1.72%), Bajaj Auto (1.66%) and Hindustan Unilever (1.15%) were the major Sensex losers.

Jindal Steel (3.28%), Tata Steel (1.19%), Infosys Technologies (1.05%), Tata Consultancy Services (0.78%) and ITC (0.53%) were among the major gainers.

The market breadth was positive on the BSE with 1,017 gainers against 1,284 losers.

Foreign institutional investors continue to remain net sellers in Indian equities. On Wednesday, they sold shares worth Rs 340.84 crore, as per provisional data from stock exchanges. In the last three sessions alone, they have sold equities worth Rs 1,609.10 crore.

The rupee pared intraday gains against the US dollar as foreign institutional investors continued to remain cautious on Indian equities. The partially convertible rupee was at 52.52 per dollar, down 2 paise, against a previous close of 52.54. It slipped after touching an intraday high of 52.43.

The Asian markets are also tepid. The Nikkei 225 was up 0.01 percent, the Shanghai Composite edged up 0.21 percent, and the Strait Times inched 0.07 percent higher. 

Source: Economics Times

Indian Stock Market - Nifty lacklustre ahead of April F&O expiry; volatility likely

At 10:00 a.m., the Nifty was at 5,201.45, down 0.55 points, or 0.01 percent. It has touched a high of 5,215.60 and a low of 5,196.65 in trade so far.

The Sensex was at 17,177.74, up 26.45 points, or 0.15 percent. It has touched a high of 17,193.25 and a low of 17,136.71 in trade so far.

The BSE Midcap Index was up 0.18 percent and the BSE Smallcap Index moved up 0.22 percent.

Among sectoral indices, the BSE Realty Index was up 0.34 percent, the BSE Metal Index advanced 0.32 per cent and the BSE IT Index gained 0.27 percent. The BSE Oil & Gas Index was down 0.24 percent and the BSE FMCG Index slipped 0.11 percent.

Grasim (1.39%), M&M (1.07%), Cipla (0.90%), Ambuja Cement (0.90%) and Tata Steel (0.71%) were among the top Nifty gainers.

Jaiprakash Associates (-1.90%), GAIL (-1.62%), HCL Tech (-1.42%), Sterlite Industries (-1.39%) and IDFC (-1.38%) were the major Nifty losers.

The market breadth was positive on the NSE with 693 gainers against 573 losers.

Jittery foreign institutional investors have been exiting Indian markets on GAAR concerns, analysts said. As per provisional data, FIIs sold equities worth Rs 860.77 crore on 24 April 2012 and shares worth Rs 407.49 crore on 23 April 2012.

Foreign institutional investors continue to remain net sellers in Indian equties. On Wednesday, they sold shares worth Rs 340.84 crore, as per provisional data from stock exchanges. In the last three sessions alone, they have sold equities worth Rs 1609.10 crore.

Asian markets are also rangebound. The Nikkei 225 was down 0.15 percent, the Shanghai Composite slipped 0.21 percent, and the Strait Times edged 0.15 percent lower.