Ten stocks to buy during this Mahurat Trading

Ten stocks to buy during this Mahurat Trading : A list of 10 stocks from various brokerages to buy during muhurat trading this Diwali with a minimum investment horizon of 1 year: 

1. Exide Industries: Target price Rs 240 

2. MRPL: Target price Rs 110 

3. Tech Mahindra: Target price Rs 525 

4. NOCIL: Target price Rs 95 

5. DB Corp: Target price Rs 472 

6. La Opala: Target price Rs 624

7. Arvind: Target price Rs 525 . 

8. ZEE Entertainment Enterprises: Target price Rs 642 

9. NBCC: Target price Rs 320 

10. AIA Engineering: Target price Rs 1525 


These are recommendation, Please consult your financial adviser before taking any position in the stock/s mentioned. 

60-minute 'Muhurat Trading' on BSE, NSE this Diwali

NEW DELHI: : Leading bourses BSE and NSE will conduct special 'Muhurat' trading session on Diwali on 30 October 

The 'Muhurat' trading, which is conducted on the auspicious occasion of Diwali, would be held between 1830 hrs and 1930 hrs, the stock exchanges said in separate circulars. 

BSE would conduct the special session in equity derivatives, currency derivatives, equity and SLB segment while NSE would conduct the same in currency derivatives, futures and options and capital market segment. 

A  special live trading session shall be held on Sunday, 30 October, 2016 on account of Muhurat trading on Diwali," NSE said. 

7 midcap stocks to bet post Sept quarter results

Midcap stocks are flavour of the season. The index is up 49% year-to-date and in 6 months it has jumped 35.90%. The BSE Midcap index touched its all-time highs of above 10,000 that it scaled in early 2008. ICICI Direct recommends 7 midcaps stocks to buy post September quarter results.

So, if you have been fence sitting and want to buy some midcaps, here are some stocks to buy.

Pidilite Industries

Rating: BUY

Potential upside: 16%

Target: Rs 462

Rationale: Estimate revenues, earnings CAGR of 19% in FY14-17E on the back of intact demand from tier II, tier III cities. A recovery in margin coupled with strong return ratios would justify the company’s re-rating possibilities.

IRB Infrastructure

Rating: HOLD

Target: Rs 269

Potential upside: Given the strong order of Rs 11,587 crore providing strong revenue visibility, see its earning to grow at 22.6 percent CAGR during FY14-16E. However, most of the positives have already been priced in the CMP. Hence, maintain HOLD.

Gujarat Pipavav Port

Rating: HOLD

Target: Rs 175

Potential upside: 3%

Rationale: With debt-free structure and ECB for funding further capex, interest cost is expected to decline substantially. Further, its higher revenue visibility and better margin on account of fixed cost model together with revenue from tank farms will provide further upside.

Gateway Distriparks

Rating: BUY

Target: Rs 330

Potential upside: 14%

Rationale: As container volumes at major ports like JNPT andChennai post growth of 9% and 5% YoY, respectively, in YTD, we expect the CFS segment to post confident growth.

East India Hotels

Rating: BUY

Target: Rs 124

Potential upside: 19%

Rationale: In terms of earnings, expect sales CAGR of 6.8% during FY14-16E coupled with expansion in margins.

Taj GVK Hotels

Rating: BUY

Target: Rs 116

Potential upside: 13%

Rationale: Expect the hotel business in Hyderabad to improve post resolution of the Telangana issue over next two years. Further, expansion into newer geographies of Bangalore and Mumbai would provide the company with better scale and geographic diversity over the longer-term.

Greaves Cotton

Rating: BUY

Target: Rs 175

Potential upside: 25%

Rationale: A recovery in the engines business and complete exit from the infrastructure business may drive PAT CAGR at 18% over FY14-17E. Even with the improvement in GDP, we expect sales to witness 14% CAGR over the same period.
Source : Moneycontrol

Both the indices end marginally higher after touching new peak

MUMBAI: Both the indices, sensex and nifty, ended marginally higher after touching life-time high in a truncated trading week.

This was on strong buying mainly in Realty, Healthcare, Banking and IT sectors despite mild profit-booking from operators in Metal, Power, Auto and Consumer Durable.

The Sensex conquered the 28,000 mark for the first time on expectations of more reforms by the Modi government and a rate cut by the RBI.

Markets were enthused after Finance Minister Arun Jaitley promised reforms in labour, land acquisition and insurance laws and expressed readiness to look at privatisation of some loss-making public sector companies.

Strong foreign capital inflows coupled with higher European cues mainly boosted the domestic market sentiment, even as services sector activity in India stagnated during October amid weaker growth of new orders as per an HSBC survey.

"The fall in crude oil prices will have a positive impact on, among other things, inflation....it will embolden the RBI to cut rates," said HDFC Securities in a note.

The sensex resumed higher at 27,943.04 and shot up further to an all-time high of 28,010.39 on initial strong buying. However, it declined afterwards to 27,739.56 before concluding the week at 27,868.33, showing a marginal gain of 2.70 points or 0.01 pct.

The CNX 50-share Nifty also moved by 14.80 points or 0.18 per cent to finish at 8,337.00 after touching an all-time high level of 8,365.55 during the week.

Ssentiments were on the negative side at the fag-end of the week in reaction to the OECD report, which lowered India's GDP growth forecast to 5.4 per cent for this year from 5.7 per cent earlier.

But, the downside also remained limited, tracking continuous FIIs inflow," said Jayant Manglik, President-retail distribution, Religare Securities.

BSE remained closed on November 4 for "Muharram" and November 6 on account of "Gurunanak Jayanti".

21 scrips out of the 30 Sensex companies ended lower while only nine finished higher.

Major losers from the Sensex pack were Gail India (8.34 per cent), Coal India (6.67 per cent), Hero Motocorp (5.33 per cent), M&M (4.81 per cent), Hindalco (4.38 per cent), SSLT (3.75 per cent), NTPC (3.63 per cent), Tata Steel (3.51 per cent), Tata Power (2.61 per cent), BHEL (2.60 per cent) and Reliance Ind (1.83 per cent).

However, Axis Bank rose by 6.86 per cent, followed by Dr Reddy (6.82 per cent), Sun Pharma (5.45 per cent), ICICI Bank (3.70 per cent), Infosys (2.89 per cent) and ONGC (1.04 per cent).

Among the S&P BSE sectoral indices, Realty rose by 5.73 per cent, followed by HC (3.70 per cent), Bankex (1.79 per cent), IT (1.11 per cent) and Teck by 1.06 per cent while Metal fell by 4.35 per cent, Power (1.49 per cent), CD (1.30 per cent) and Auto (1.29 per cent).

Small-cap and Mid-cap indices rose by 1.70 per cent and 1.68 per cent, respectively on persistent buying from retail investors.

Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 5,042.33 crore during the week, including the provisional figure of November 7.

The total turnover at BSE and NSE fell to Rs 11,865.96 crore and Rs 59,859.41 crore, respectively from Rs 15,192.70 crore and Rs 85,382.17 crore last week.
Source : economictimes

Choppy Sensex, Nifty end lower; auto, cap goods, auto drag

Equity benchmarks closed marginally lower amid consolidation on Friday, weighed down by capital goods, metals, auto and index heavyweights like Reliance and ITC. The broader markets closed mixed with the BSE Midcap rising 0.35 percent and Smallcap falling 0.4 percent.

The 30-share BSE Sensex declined 47.25 points to close at 27868.63 and the 50-share NSE Nifty fell 1.30 points to 8337.

This is a market in which investors should buy on dips, says Vibhav Kapoor, Group Chief Investment Officer, IL&FS.

According to him, the market is right now banking on hope and trying to discount FY16 numbers instead of FY15 numbers, be it macro or corporate earnings. The macro environment still looked a bit uncertain at the moment, but there were enough signs of an improvement in FY16, he added.

Kapoor expects to see the Nifty at 9000 by March 2015 while Aditya Narain, Citigroup remains comfortable with market view of 31,000 on the Sensex by December 2015.

For the week, the Sensex, Nifty closed flat while the CNX Midcap and BSE Smallcap indices gained more than a percent.

Meanwhile, media report suggested that Union Council of Ministers will be expanded on Sunday in which about 10 new faces, including Goa Chief Minister Manohar Parrikar, are likely to be inducted in an exercise that may also cover some allies.

State-run power equipment maker BHEL fell more than 3 percent while engineering and construction major Larsen & Toubro declined a percent ahead of earnings later today.

Private sector lender HDFC Bank fell 1.5 percent as the MSCI has deleted it from its India index. Public sector lender State Bank of India was down 1.5 percent while its rivals Axis Bank and ICICI Bank gained 2.8 percent and 1 percent, respectively.

Two-wheeler maker Hero Motocorp lost 1.9 percentas 2.9 percent equity shares changed hands via block deals today and most likely Bain Capital was the seller.

Among others, Reliance Industries, TCS, ITC, M&M, Sesa Sterlite, Gail India, Wipro, Tata Steel and Cipla were down 0.8-2 percent.

India’s largest coal miner Coal India declined 1 percent ahead of earnings on Saturday.

Drug maker Dr Reddy’s Labs topped buying list in the Sensex. Dr Reddy's Labs surged nearly 5 percent as it received USFDA approval for Valcyte generic while DLF climbed 5.5 percent as the Securities Appellate Tribunal or SAT has allowed the realty major to redeem Rs 1,806 crore from mutual funds till next month.

Other gainers include Axis Bank, HUL and ONGC.

BSE midcap gainers were Allcargo, Risa International, Abbott India, Firstsource Solution and
Prestige Estate. Shares of Aurobindo Pharma hit record high at Rs 1043.40 per share, up 4 percent intraday after it has reported a whopping 58.3 percent growth in consolidated net profit at Rs 372 crore for July-September quarter led by US generics.

Top losers in the midcap were Birla Corp, UCO Bank, Novartis India, NBCC and Bhushan.

About 1440 shares advanced while 1564 shares declined on the Bombay Stock Exchange.
Source : Moneycontrol

Top exchanges BSE and NSE to suspend trading in Kingfisher Airlines, UB Engineering

MUMBAI: In a major clampdown for non- compliance of Listing Agreement, top exchanges BSE and NSE today announced suspension of trading in shares of Kingfisher Airlines and another group firm, UB Engineering, from next month.

Besides, the entire promoter shareholding of these companies have been frozen with effect from today itself.

The action follows non-compliance to a Listing Agreement clause relating to timely preparation and disclosure of financial results by a listed company for two consecutive quarters. The results are required to be disclosed by listed companies on stock exchange platform for benefit of investors.

In separate circulars, BSE and NSE said that the trading would be suspended in securities of Kingfisher and UB Engineering -- both parts of crisis-hit UB group headed by Vijay Mallya -- with effect from December 1.

The suspension follows Sebi guidelines with respect to Standard Operating Procedure (SOP) for suspension and revocation of trading of shares of listed entities for noncompliance of the Listing Agreement that a listed company needs to follow pursuant to its shares getting listed and traded on a stock exchange.

Shares of Kingfisher, once touted as most luxurious airline in India, are currently trading below Rs 2 apiece and its market capitalisation now stands at just about Rs 150 crore. At one point of time, before financial troubles began and led to its grounding in October 2012, the company carried a market valuation of close to Rs 10,000 crore.

For the year ended March 2013, the carrier saw its net loss widen to Rs 4,301.12 crore. During that period, the gross income stood at Rs 683.46 crore. A consortium of 17 banks has an outstanding debt of about Rs 6,521 crore from the now-grounded carrier and outside the consortium, there are some other loans also.

In Kingfisher, promoters have just 8.54 per cent stake, while public holding stands very high at 91.46 per cent.

The non-promoter shareholders include more than two lakh small investors, over 6,000 HNIs, over 2000 NRIs and 13 FIIs, among others.

Along with Kingfisher and UB Engineering, NSE has also announced trading suspension for securities of Varun Industries Limited on account of non-compliance with Clause 41 of the Listing Agreement for two consecutive quarters, that is quarter ended March, 2014 and June, 2014.

"Accordingly, the entire promoter shareholding of Varun Industries Limited, UB Engineering Limited and Kingfisher Airlines Limited shall be freezed with effect from November 7, 2014 till further notice."

"In case, Varun Industries, UB Engineering and Kingfisher Airlines complies with respective requirement/s including payment of fines on or before November 25, 2014 (five days before the proposed date of suspension), the trading in securities of the said companies will not be suspended," NSE said.

In UB Engineering, which has a market cap of about Rs 14 crore, public holds 59.26 per cent stake while promoter group controls 40.74 per cent.

In case these companies fail to comply with the provisions of the Listing Agreement on or before November 25, 2014, then trading in their shares would be suspended from December 1 and the suspension will continue till such time the company complies including the payment of fine.

After 15 days of suspension, trading in the shares of non-compliant companies would be allowed on Trade for Trade basis in on the first trading day of every week for six months, NSE said.

BSE has taken similar action against 21 companies, including Kingfisher and UB Engineering.

Others include Nilachal Refractories, Linkson International, Secure Earth Technologies, Ratan Glitter Industries, Bheema Cements, Arvind International, Elegant Floriculture & Agrotech India, Pretto Leather Industries, UT Ltd, Arihants Securities Ltd, Raghava Estates and Properties, Tutis Technologies, Valuemart Info Technologies, Ontrack Systems, Avon Corporation, Birla Pacific Medspa, Best & Crompton Engineering, Varun Industries and Maestros Mediline Systems.

Kingfisher Airlines is already facing a close regulatory scrutiny over suspected lapses in its accounting practices and the Corporate Affairs Ministry is looking into possible violations of Companies Act.

The airline, part of Vijay Mallya-led UB Group, has been grounded for over two years now after being bogged down by huge and mounting losses.

The carrier is yet to submit its annual financial results for the 2013-14 period to the stock exchanges.

In a filing to the BSE on August 26, the carrier had said that steps were being taken to appoint directors in order to comply with provisions of the Companies Act, 2013 and listing agreement with the stock exchanges.

"Thereafter, steps will be taken towards publishing the audited results for the year ended March 31, 2014 and for the quarter ended June 30, 2014," it had said.

Back in May, Kingfisher had informed stock exchanges that "there are hardly any employees attending office and the company is currently operating with skeletal staff making it difficult to audit and publish the results in time."

As part of the recovery process, banks in February last year decided to sell a portion of the collateral with them, including shares of its group companies United Spirits Ltd and Mangalore Chemicals & Fertilizers Ltd, Mallya's Goa villa, Kingfisher House in Mumbai and the Kingfisher brand, which was valued at over Rs 4,000 crore at the time it was pledged.

Sensex gains 109 pts; banks lead, HCL Tech & TCS tank 9%

Equity benchmarks closed off day's high ahead of Maharashtra and Haryana state elections results that will be announced on Sunday. Indices were directionless since the opening trade but gained strength in last hour of trade to jump as high as 249 points on the Sensex (and to hit 7800 level intraday on positive European cues) before seeing some profit booking in late trade.

The 30-share BSE Sensex climbed 109.19 points to close at 26108.53 and the 50-share NSE Nifty rose 31.50 points to 7779.70 after losing over a percent in previous session.

Experts believe this upmove is not sustainable amid concerns over global growth and consistent selling pressure from foreign institutional investors (FIIs). They advise buying quality stocks on every dip.

Sanjeev Zarbade of Kotak Securities believes the performance of the Indian equities remains contingent on resumption of FII flows.

While Mehraboon Irani expects levels of 7400 to be breached by the market on the downside, he suggests investors to buy into stocks of their choice. He says the global factors will continue to have a significant impact on the market and any negative news may lead to lower rupee levels like 62 against the dollar.

However, reducing inflation, lower commodity prices and expected reforms push remain significant tailwinds for the markets, says Zarbade.

Banks topped the buying list today with the Bank Nifty rising 2.5 percent as top lenders State Bank of India, HDFC Bank and ICICI Bank rallied 2-3 percent while housing finance company HDFC gained 1.7 percent.

Axis Bank rose 2 percent ahead of results that announced post market hours. The private sector lender met street expectations with the second quarter net profit rising 18.3 percent Y-o-Y led by higher other income and net interest income but higher provisions limited profitability. NII jumped 20 percent with stable asset quality.

Two-wheeler maker Hero Motocorp rallied 3 percent on reporting a 58 percent growth in Q2 profits led by other income.

Zee Entertainment gained 3 percent after the company beat expectations on operational front. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 3.5 percent to Rs 321 crore and margin expanded by 50 basis points to 28.7 percent on lower operating cost. Analysts had expected both at Rs 320 crore and 27.5 percent, respectively.

Larsen and Toubro, BHEL, Mahindra and Mahindra, Bharti Airtel, Cipla and Tata Power were other prominent gainers with 2-3.4 percent upside.

However, technology stocks saw huge selling pressure with the CNX IT index falling 4 percent. It was a twin blow for the tech sector; TCS tanked nearly 9 percent after dollar revenue growth missed expectations. The company said softness in certain businesses may continue for two more quarters and that meeting FY14 growth will be difficult in FY15.

HCL Technologies too took a hard knock on similar growth worries, falling 9 percent. Dollar revenue for Q1 came in lower than estimate at USD 1,433 million.

Sesa Sterlite, Hindalco, Tata Motors, Wipro and Jindal Steel fell 1-2.8 percent.

About 1335 shares advanced while 1505 shares declined on the Bombay Stock Exchange.

Meanwhile, the Indian rupee recovered sharply, up 39 paise to close at 61.44 a dollar after falling to 7-month low of 61.83 in previous session. Fresh selling of dollars by exporters and banks supported the rupeerecovery.

On the global front, European markets gained more than a 1 percent while Asian markets like Japan and Taiwan Weighted fell another 1-1.5 percent after yesterday's blow. A comment from hawkish Federal Reserve official James Bullard on Thursday that the Fed should continue bond buying lifted sentiment and surprised many observers.
Source : Moneycontrol

Sensex ends 390 points up

The Nifty bounced back after three days of decline and closed above 7,950 as sentiment turned bullish in global markets as the US Federal Reserve's indicated interest rates will not be hiked earlier than expected.

The Sensex ended the day at 26,637.28; up 390.49 points.

The Nifty shut shop at 7,960.55; up 117.85 points.

The S&P BSE Midcap Index rallied 1.82 per cent and the S&P BSE Smallcap Index surged 1.54 per cent.

Among the sectoral indices, the S&P BSE Capital goods Index gained 3.01 per cent, the S&P BSE Bankex was 2.41 per cent higher, the S&P BSE Power Index advanced 2.25 per cent and the S&P BSE Metal Index advanced 1.76 per cent.

BHEL (up 8.16 per cent), Hindalco (up 5.51 per cent), Zee Entertainment (up 5.10 per cent), Ambuja Cements (up 3.89 per cent) and Punjab National Bank (up 3.33 per cent) were among the Nifty gainers.

Tech Mahindra (2.55 per cent), Jindal Steel (0.60 per cent), NMDC (0.56 per cent), NTPC (0.49 per cent) and Wipro (0.48 per cent) were among the top losers.

The market breadth was positive on the NSE with 923 gainers against 217 losers.
Source : economictimes

Sensex ends in red on weak global cues : tech, pharma down

The S&P BSE Sensex ended a volatile session on flat-to-negative note as global markets remained under pressure on concerns of global economic growth. Outflows of dollars from emerging markets including India also added to the woes.

The International Monetary Fund has cut global growth forecast and that for emerging market economies as a whole. The IMF expects global economy to grow by 3.8 per cent next year, lower than its July forecast of 4 per cent.

The 30-share index ended at 26,246.79, down 25.18 points or 0.10 per cent. It touched a high of 26,338.31 and a low of 26,150.09 in trade today.

The Nifty closed at 7,842.70, down 9.70 points or 0.12 per cent. It touched a high of 7,869.90 and a low of 7,815.75 in trade today.

The S&P BSE Midcap Index was slipped 0.23 per cent and the S&P BSE Smallcap Index gained 0.06 per cent.

The S&P BSE Capital goods Index gained 1.61 per cent, the S&P BSE Auto Index was 0.58 per cent higher and S&P BSE Bankex advanced 1.09 per cent.

The S&P BSE IT Index fell 3.44 per cent and the S&P BSE Healthcare Index was down 3.27 per cent.

Infosys (4.70 per cent), Dr Reddy's Laboratories (4.37 per cent), Sun Pharma (4.31 per cent), Wipro (4.03 per cent) and Cipla (2.51 per cent) were among the top losers.

Tata Steel (up 3.52 per cent), L&T (up 2.32 per cent), ONGC (up 2.30 per cent), NTPC (up 2.24 per cent) and BHEL (up 2.10 per cent) were among the Sensex gainers.

The market breadth was negative on the BSE with 1343 gainers against 1562 losers.
Source : economictimes

Top ten stocks for 13% to 15% return in next 4-5 days

Top ten stocks for 13% to 15% return in next 4-5 days

1. Dena Bank: BUY in NSE cash above 59.75 with stop loss of 57.40, Target of 62.10,64 .

2. REC: BUY in NSE cash above 257 with stop loss of 244 and a target of 270,280.

3. Jyoti Structures: BUY in NSE cash above 42.15 with stop loss of 40.15 and a target of 44.15, 46.15 .

4. Dish TV: BUY in NSE cash above 55.50 with the stop loss of 53 and a target of 58, 60 .

5. Mahindra & Mahindra: (CMP - 1390, Target - 1450) .

6. HOV Services: (CMP - 153, Target - 170)

7. Yes Bank: (CMP - 557, Target - 585)

8. Jet Airways: (CMP - 212, Target - 225)

9. Apollo Hospitals: (CMP - 1116, Target - 1175)

Today’s Market Movers: EK, HL, LGF And More

It looks like stocks are attempting to stage a tepid attempt at rebounding from Monday and Tuesday's sell off this morning — but investors beware, nothing has really changed at this point. Europe remains a major problem for U.S. investors, and until that's actually resolved, investors should expect volatility to be a major concern in stocks.
This is a news-heavy week, with employment numbers and the result of the Fed's latest FOMC meeting hitting Wall Street today alone. With so many factors pushing stocks around, it's crucial to be tactical about stocks right now.
To that end, let's take a look at some of the small-cap stocks in play right now:

Eastman Kodak (NYSE:EK : 1.125, -0.075): This stock has been under fire in the last few weeks, as bankruptcy rumors swirl with an already anxious investor base. Forget the (still uncertain) fundamentals for a second — there's a trade shaping up in this stock for more advanced readers…
A descending triangle in shares makes EK a worthwhile short candidate, but only if shares can move below $1.10. That's the nearest support level of significance right now. If that breakdown happens, 75 cents is a high probability price target for the near-term.

Hecla Mining (NYSE:HL : 6.42, 0.26): Hecla is another small-cap name worth watching this week. Junior miners have been under pressure for much of the last quarter, and Hecla's chart gives a good example of what the industry is dealing with. Watch for a break above the upper trendline in Hecla. When that move happens, it could be marking a change in trend for this stock (and other junior miners as well).
Barring a technical shift in these names, we wouldn't be buyers of mining stocks right now…

Lions Gate Entertainment Corp. (NYSE:LGF : 8.59, 0.1): Lions Gate continues to ignore the market pullback, posting new 52-week highs this morning. Today's action builds on the accelerating uptrend that has been in place since mid-October. LGF could be a solid bet in the near future, but beware — this stock looks overbought today. Watch for a pullback or sideways consolidation before you make your move…
Penny Promotions
Raystream Inc. (OTC:RAYS): RAYS is one of the strongest promotions we've seen in months:

Aside from a couple of controlled dips, RAYS has drawn a stair-step chart — perfect for attracting unsuspecting new buyers. This heavily-promoted stock recorded another day of record volume Tuesday, leading me to believe that a shakeout could be coming soon. If you bought into this promotion, it would be wise to cash in your paper gains now.
Legend Oil & Gas (OTC:LOGL): A paid mailer making the rounds right now claims that LOGL could break $10 by the end of the year. At $2.60 per share and going nowhere, we would be shocked if the stock topped $3. Promotions for LOGL have been floating around since earlier this year, but the stock price appears to be too erratic to attract any buyers.

Sources: http://www.istockanalyst.com/finance/story/5517928/today-s-market-movers-ek-hl-lgf-and-more

Indian markets up ahead of union budget

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.

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.

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.

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.

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.

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. 

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.

Source ET 

Nifty ends higher; RCap, RCom, RIL, Kotak, PNB up

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. 

15 Feb, 2011, 04.47PM IST,PTI

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

Dow Jones above 12k after 2 years

NEW YORK: The Dow Jones Industrial Average closed above 12,000 for the first time since June 2008, after American and Chinese manufacturing expanded and United Parcel Service Inc beat analysts' earnings estimates.

UPS, the package-delivery company considered a proxy for economic growth, advanced 4.2%. The S&P 500 rose 1.7%, the most since December 1, to 1,307.59. The benchmark gauge for US equities has rallied 2.5% in the past two days, erasing the January 28 slump that was driven by Egyptian riots. The Dow added 148.23 points, or 1.3%, to 12,040.16.

The S&P 500 has risen 4% this year, extending a 13% advance in 2010, on government stimulus measures and higher-than-estimated corporate profits. About 74% of the 204 companies that reported earnings since January 10 topped analysts' projections, according to data compiled by Bloomberg.

Shares extended gains on Tuesday after the ISM's factory index rose to 60.8 in January, beating the median economist projection of 58.

US gross domestic product growth accelerated to 3.2% in the fourth quarter from 2.6% during the prior three months, the Commerce Department said on January 28. On Monday, reports showed American businesses expanded at the fastest pace since 1988 and consumer spending beat economist estimates.

The last time the S&P 500 closed above 1,300 was in August 2008.

The Dow Jones Transportation Average of 20 stocks had the biggest gain in two months, rallying 2%.

An index of raw-materials producers in the S&P 500 added 2.8%, the biggest gain among 10 industries.

Commodities beat stocks for three months, the longest stretch since June 2008. The S&P GSCI Total Return Index of 24 raw materials gained 3.1% in January and rose for a fifth month, the longest streak since 2004, according to data compiled by Bloomberg. The MSCI All-Country World Index of equities climbed 1.6% including dividends. The Global Broad Market Index for corporate and government bonds lost 0.3%, Bank of America Merrill Lynch data show.

source : Bloomberg

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

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