Wall Street gains, S&P edges above 50-day moving average

NEW YORK: US stocks rose on Monday, extending a rally from the previous session as investors grew more confident in the economy's strength and Federal Reserve policy.

Merger activity and corporate restructuring also boosted equities, with the S&P 500 advancing above its 50-day moving average for the first time since Sept. 29, a sign that near-term momentum is improving.

Tech shares were among the strongest of the day after Hewlett-Packard Co said it would split into two public companies, sending shares up 4.2 per cent to $36.68 on heavy volume.

Separately, Becton Dickinson & Co agreed to buy CareFusion Corp for $12.2 billion in cash and stock.

Becton jumped 6.8 per cent to $123.52 while CareFusion was up 23 per cent to $56.96 as the S&P 500's biggest gainer.

The S&P 500 index had posted its best day since August on Friday, lifted by a stronger-than-expected jobs report that boosted optimism about the economy, while the Federal Reserve was not seen as speeding up its timeline for raising interest rates. 

Market volatility has been higher of late, with equities notching big swings amid unrest in Hong Kong and concerns about Ebola in the United States. Those issues could continue to drive trading. The CBOE Volatility index fell 1.6 per cent to 14.32, well below its long-term average of 20.

The Dow Jones industrial average was rising 76.01 points, or 0.45 per cent, to 17,085.7, the S&P 500 was gaining 8.18 points, or 0.42 per cent, to 1,976.08 and the Nasdaq Composite was adding 13.42 points, or 0.3 per cent, to 4,489.05.

Advancing issues were outnumbering declining ones on the NYSE by 2,066 to 674, for a 3.07-to-1 ratio on the upside; on the Nasdaq, 1,356 issues were rising and 899 falling for a 1.51-to-1 ratio favoring advancers.

The benchmark S&P 500 index was posting 15 new 52-week highs and no new lows; the Nasdaq Composite was recording 16 new highs and 21 new lows.
Source : economictimes

World Stock Market today :Today's Big Stock Market Movers

The Dow, Nasdaq, and S&P 500 are all up, with the Nasdaq leading the pack at +1.1%. Here are the six big movers in the S&P 500.

Winners:

Sears Holdings Corporation (SHLD): Up 13.4% — Sears Holdings said it expected its first-quarter earnings from continuing operations to be between $1.46 to $1.84 a share, which has caused its stock to jump over 13%.

Chesapeake Energy Corporation (CHK) : Up 7.4% — Aubrey McClendon has agreed to separate the role of CEO and chairman, as he is relinquishing his position as chairman but remaining CEO. Investors support this decision, as their stock has moved up rapidly.

Masco Corporation (MAS): Up 5.5% — Masco is confident that their business, which involves mostly cabinet and other home improvement products, will improve with an improving housing market.

Losers:

Avon Products (AVP): Down 7.6% — Avon's profits sunk as they sold 1% fewer items and the number of sales representatives sank, which has caused their stock to tumble.

Emerson Electric Co. (EMR): Down 5.6% —Due to economic conditions in Europe and China, Emerson Electric's Q2 profits fell 2%.

Jacobs Engineering Group Inc. (JEC): Down 4.9% — Jacobs announced earnings of 65 cents per share, which CEO John Prosser stated were below their expectations.

World Stock Market : Dow Jones average hits highest mark since '07

NEW YORK: The fastest growth in US manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.

Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose.

A measure of manufacturing employment also reached a nine-month high, a hopeful sign ahead of Friday's monthly jobs report.

The manufacturing news jolted stock indexes out of a morning stupor, although the gains waned throughout the afternoon. The Dow added 65.69 points to 13,279.32, its highest closing mark since Dec. 28, 2007, during the first month of the Great Recession.

Treasury prices fell, and benchmark crude oil rose $1.29 to settle at $106.16 per barrel. Both of those things tend to happen when investors expect stronger economic growth.

In a separate report Tuesday, the Commerce Department said construction spending ticked up in March, following two months of declines.

Other indexes pushed higher. The Standard & Poor's 500 index rose eight points to 1,406. The Nasdaq composite climbed four points to 3,050.

All 10 industry groups within the S&P 500 climbed, led by energy companies. Chesapeake Energy Corp. jumped 6 per cent on reports that the company will strip CEO Aubrey McClendon of his chairman's title.

McClendon, Chesapeake's founder, was under fire for taking out more than $1 billion in loans using the company's wells as collateral. Chesapeake recently agreed to end the program that allowed McClendon to take personal stakes in the wells.

The S&P finished April in the red, its first losing month since November. The Dow managed a tiny gain.

Judging by its track record, May isn't a promising month for stocks. Since World War II, the S&P 500 has gained an average of 0.31 per cent in May. For all months, the average gain is 0.67 per cent.

Among stocks making big moves:

Sears Holdings Corp. soared 15 per cent, the biggest gain in the S&P 500. The operator of Kmart and Sears stores expects to post a first-quarter profit thanks to a gain from the sale of some US and Canadian stores. The company's stock has jumped 99 per cent so far this year.

Archer Daniels Midland Co. gained 7 per cent after the food conglomerate reported profits that beat analysts' expectations. Profits dropped by nearly a third over the past year, pulled down by one-time charges and lower weaker results from its ethanol and oilseeds businesses.
 
Avon Products Inc. fell 8 per cent, the largest drop in the S&P. The company said earnings plunged 82 per cent, hurt by a bigger restructuring charge, commodity costs and rising labor costs. The results were worse than analysts had expected.

World Stock Market : World stocks up on hopes of new Fed stimulus move

World stock markets were modestly higher Monday as sluggish U.S. growth boosted hopes for more measures from the Federal Reserve to help the world's No. 1 economy.

The Fed has already carried out two massive rounds of bond-buying known as quantitative easing to drive down long-term interest rates and stimulate spending and business investment. Low bond yields also encourage investors to shift money to stocks.

European stocks were mostly higher in early trading. Britain's FTSE rose 0.2 percent to 5,759.82 and Germany's DAX added 0.2 percent to 6,815.04. France's CAC-40 fell 0.6 percent to 3,246.79.

U.S. stocks were headed for a neutral opening, with Dow Jones industrial futures nearly unchanged at 13,168. S&P 500 futures were flat at 1,398.

Asian stocks were higher in trading thinned by holidays in Japan and mainland China. All major Asian markets except Tokyo will be closed for holidays on Tuesday.

Hong Kong's Hang Seng rose 1.7 percent to 21,094.21, with banking shares racking up solid gains.

South Korea's Kospi added 0.3 percent to 1,981.99 amid improving business sentiment among manufacturers. Australia's S&P/ASX 200 gained 0.8 percent to 4,396.60 as rising commodities prices helped push up its mining sector.

Benchmarks in New Zealand, Taiwan and the Philippines also gained, while Singapore and Indonesia fell. Markets in mainland China and Japan were closed for public holidays.

Traders are also awaiting U.S. monthly jobs figures for April, to be released Friday, and the second round of France's presidential election on Sunday.

U.S. stock markets rose Friday despite a report that the U.S. economy grew at annual rate of 2.2 percent, below the 2.5 percent that economist had expected. It grew at a faster rate, 3 percent, in the final three months of 2011.

Benchmark oil for June delivery was down 20 cents to $104.73 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 38 cents to settle at $104.93 in New York on Friday.

In currency trading, the euro fell to $1.3239 from $1.3259 late Friday in New York. The dollar fell to 80.14 yen from 80.39 yen.

World Stock Market : Wall Street week ahead: In battle of the S&P, can bulls gain the edge

It will be another battleground for S&P 500 index next week. Will the bears finally give up and let the bulls have their way?

The S&P 500, the market's broadest measure, managed to close out the week above the psychologically important 1,400 mark for the first time since early April. But the index is still down 0.4 per cent for the month so far even after gaining 1.8 per cent for the week, with only one trading day left in April.

Brian Lazorishak, senior quantitative analyst and portfolio manager at Chase Investment Counsel in Charlottesville, Virginia, said a close above 1,400 is positive, but the recent high, near 1,422, is a more important technical level.

"That's what we're looking for on the upside as confirmation there's room to move higher," Lazorishak said.

"A close above that would open the window to testing highs back to early 2008. The next natural area you'd see is a run to at least 1,440, the May 2008 high."

Next week's release of a slew of economic data on the U.S. labor market and the beginning of the latter half of corporate earnings will be keenly watched to see if they are enough to allow stocks to break above the recent trading range.

The S&P 500, up 11.6 per cent for the year, jumped 4.4 per cent in January, 4.1 per cent in February and 3.1 per cent in March, but is down 0.4 per cent so far this month.

"The sideways action we have seen over the past few weeks was enough to alleviate any overbought conditions that existed in the market a month ago," said Larry McMillan, president of options research firm McMillan Analysis Corp in a report on Friday.

"Thus, the market has the potential for another leg higher in this longer term uptrend, one that began early October 2011," he said.

JOBS, JOBS, JOBS At the top of investors' radar screen next week will be the government's closely watched monthly jobs report for April, to be released on Friday. Jobs growth in March slowed to 120,000, the smallest increase since October, disappointing investors even though the unemployment rate fell to a three-year low of 8.2 per cent.

Ahead of the government's payrolls report, investors will be watching the ADP Employment Report due on Wednesday and weekly jobless claims data due on Thursday for indications of whether the labor market is gaining momentum.

Corporate earnings, which drove gains in stocks last week, will also be in focus.

As of Friday, 57 per cent of the S&P 500 companies had reported first-quarter results. Of those 287 in the S&P 500 that had reported earnings, 72.8 per cent posted results that topped analysts' expectations, according to Thomson Reuters data.

Companies due to report earnings next week include Chesapeake Energy and Pfizer Inc on Tuesday; Prudential Financial, Time Warner and Visa Inc

on Wednesday; and Kraft Foods and Viacom Inc on Thursday. Also on agenda next week, Jamie Dimon, chief executive of JPMorgan Chase & Co, has organized a meeting of major bank chief executives with Federal Reserve Governor Daniel Tarullo, the central bank's point man on regulation, according to The Wall Street Journal on Friday.

The meeting, slated for Wednesday in New York, is expected to focus on a Fed proposal to limit banks' exposure to other firms and governments, though other regulatory concerns likely will be discussed.

World Stock Market : Apple, Amazon drive US stocks past dull GDP data

NEW YORK: Tech giants Apple and Amazon proved their mettle to doubting investors once again, leading US stocks higher in the week to Friday as the markets showed they had not yet run out of steam.

The world's biggest company, market value-wise, and the Internet's biggest retailer, both showed up analysts with forecast-busting results that gave the Nasdaq and the S&P 500 firm boosts.

They also helped distract from other possible sources of investor worry -- a somewhat glum US growth report for the first quarter, Federal Reserve inaction on hopes for more stimulus, new worries in Europe and some concern about Chinese growth.

Friday brought a lower-than-forecast estimate for first-quarter US growth, of only 2.2 per cent, down from 3.0 per cent in the final quarter of 2011.

But even that failed to dull the markets, which turned in gains for the day.

US markets scored a firm performance for the week, with earnings from a number of firms beating forecasts and cheering the investors.

For the week the Dow Jones Industrial Average added 1.53 per cent to end at 13,228.31, and the S&P gained 1.8 per cent to 1,403.36.

The Nasdaq though picked up 2.29 per cent, helped mainly by Apple's 5.2 per cent gain for the week, and Amazon's 19.4 per cent run.

Also helping the markets were blue-chip Boeing's earnings, which delivered a 5.1 per cent boost to the aircraft maker's shares for the period.

"The reporting period has been much better than expected, although admittedly from a lower bar -- 83 per cent of companies have beaten expectations so far, which is an all-time record high," said analysts at Charles Schwab & Co.

"But market reactions to good reports have been more muted relative to the punishments doled out to those that disappointed."

Among the disappointments were Caterpillar, which lost 2.9 per cent for the week; Procter & Gamble, down 4.6 per cent; and United Continental, down 3.2 per cent.

Even so, said Bryan Sapp of Schaeffer's Investment Research, the markets did not appear to want to fall.

"The one certainty remains that this market is made of Teflon. Seemingly no matter what happens, the bears just can't manage to take the reins and drive us lower, despite abysmal economic data and numerous macroeconomic fears," he said.

The Charles Schwab analysts said they remained optimistic, but wary nonethless.

"Despite an earnings season that has been much better than expected so far, investors appear to be again focusing on more macro concerns," they said.

"Europe and China are dominant concerns but US growth sustainability is also being questioned."

Company results in the coming week include Pfizer and Motorola (Tuesday), Comcast and Time-Warner (Wednesday), and Viacom, Kraft, AIG and General Motors (Thursday).

Even if company earnings are driving sentiment, eyes will still be on data releases covering April in the coming week: consumer spending (Monday), the ISM manufacturing index (Tuesday), industrial orders (Wednesday); and the ISM services survey (Thursday).
Source : Economics Times

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

U.S. Stocks Rise After Two-day Rout, Fed

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stocks retained about half of Wednesday's strong gains after the Federal Reserve held interest rates as is and data had companies adding more jobs than expected in October.
While not making any further moves to ease monetary policy, Fed policy makers said in a statement that the economy has improved, although significant downside risks remain.
"While much of November's statement is identical to September's, the FOMC [ Federal Open Market Committee] is clearly inching towards easing further," noted Dan Greenhaus, chief global strategist at BTIG LLC.
"Today's press conference is going to shed some light on this subject in terms of how universal is the belief that what ails the economy can be aided by further steps from the FOMC," Greenhaus added of Bernanke's news conference slated for 2:15 p.m. Eastern.
After rising nearly 220 points, the Dow Jones Industrial Average (DJI) was lately up 124.12 points to 11,782.08, with all but four of its 30 components in the green.
The blue-chip benchmark lost 573 points -- nearly 4.7% -- in the prior two sessions.
The S&P 500 Index (SPX) rose 13.07 points to 1,231.35, with financials leading gains that included all 10 of its major industry groups.
MasterCard Inc. (MA) shares gained 6.9% after the payments processor reported quarterly results that exceeded Wall Street's expectations.
The Nasdaq Composite (RIXF) added 16.70 points to 2,623.66.
For every stock that fell, four rose on the New York Stock Exchange, where 397 million shares traded as of 1:15 p.m. Eastern.
U.S. stocks started the session sharply higher after Automatic Data Processing (ADP) reported U.S. companies added 110,000 workers in October, with the bulk of the increase in private payrolls coming in the service sector. ADP also revised higher its count for September.
"The labor market is in better shape than we thought two months ago, which is good news for the economy, corporate earnings and the stock market," said Phil Orlando, chief equity market strategist at Federated Investors.
European leaders planned emergency talks with Greek Prime Minister George Papandreou in France, a day before the Group of 20 summit.
Papandreou rattled global markets earlier this week by calling for a national vote on Europe's bailout package for the country.

  (END) Dow Jones Newswires
  11-02-111321ET
  Copyright (c) 2011 Dow Jones & Company, Inc.

World Stock Market Updates : TOKYO; HONG KONG; SEOUL; CHINA; LONDON; US MARKET UPDATES

Source : economictimes

 Nikkei hits 9-mth high on weaker yen, foreign buying
TOKYO: Japan's Nikkei stock average climbed to a nine-month high above 10,800 on Wednesday helped by a softer yen, with the benchmark's strong run encouraging foreign investors to broaden their buying to financial shares.

It was a third straight day http://www.blogger.com/post-create.g?blogID=8843738645395069893of gains for the Nikkei, which has climbed some 18 percent since November when foreigners began snapping up lagging Tokyo stocks, with recent momentum coming from a big shift in market focus to developed economies from emerging ones.

The gains were underscored by high volume with the day's total set to come in above last week's daily average of 2.2 billion shares. The Tokyo stock exchange's first section has seen more than 2.0 billion shares change hands for seven consecutive sessions.

"Looking at trading volumes in banking, securities or property sectors we can see a clear pattern of systematic, sector-wide buying of these shares from foreign investors that has at last emerged."

The dollar climbed against the yen to its highest in eight weeks on Tuesday, boosted by the recent rise in U.S. Treasury yields, with more gains seen likely if bond markets continue to factor in inflation.

By mid afternoon, the Nikkei average was up 0.5 percent, or 56.91 points at 10,803.57, after hitting an intraday high of 10,842.31, its highest level since May 6, 2010.

Immediate resistance now lies at the May 6 intraday high of 10,847.90, traders said.

The broader Topix rose 0.6 percent to 968.16.

Hong Kong shares gain 0.62% in morning

HONG KONG: Hong Kong shares rose 0.62 percent in the morning session on Wednesday, in line with most regional markets, boosted by upbeat economic data out of the United States.

The benchmark Hang Seng Index added 141.30 points to 23,041.08 on turnover of HK$36.85 billion ($4.72 billion).

Seoul shares dip as autos, refiners fall

SEOUL: Seoul shares slipped after volatile trade on Wednesday, pressured by a second straight session of foreign selling and falls in automakers and crude refiners like SK Innovation.

The Korea Composite Stock Price Index (KOSPI) finished down 1.06 percent or 21.41 points at 1,989.11 points. 

China shares end up 0.9 per cent, supported on steel firms

SHANGHAI: China's main stock index closed up 0.9 per cent on Wednesday, after trading mostly rangebound near a crucial psychologically level.

The benchmark Shanghai Composite Index was at 2,924.2 points, breaking above a key psychologically level of 2,900 points. 

European stocks firm at open, London up 0.19%

LONDON: European stock markets rose in opening trade on Wednesday, with London's benchmark FTSE 100 index up 0.19 per cent at 6,049.43 points.

In Paris, the CAC 40 gained 0.34 per cent to 4,124.26 points while Frankfurt's DAX 30 added 0.19 per cent to 7,414.23 points.

US markets open higher on earns, M&A

NEW YORK: U.S. stocks opened higher on Wednesday after strong results from Dell and a burst of merger and acquisition activity.

The Dow Jones industrial average was up 18.77 points, or 0.15 percent, at 12,245.41. The Standard & Poor's 500 Index rose 4.10 points, or 0.31 percent, at 1,332.11. The Nasdaq Composite Index gained 10.55 points, or 0.38 percent, at 2,814.90.

Asian shares head higher despite weak Wall Street

Source : Economicstimes
TOKYO: Asian stock markets rose Wednesday, reversing course after an indecisive opening following a sluggish day on Wall Street .

Oil prices rose to near $85 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly fell last week, suggesting demand may be improving.

The Nikkei 225 stock average in Tokyo added 0.4 percent to 10,788.13. Exporters, including electronics makers, generally rose as the dollar hovered in the upper 83-yen range. Toshiba Corp. was up 2.8 percent, Pioneer Corp. rose 2.6 percent, and Sharp Corp. rose 0.9 percent. Financial issues also advanced, with Sumitomo Mitsui Financial Group Inc. up 2.3 percent.

Hong Kong's Hang Seng index rose 0.4 percent to 22,996.87, and the Shanghai Composite index was up 0.1 percent to 2,902.59. South Korea's Kospi index was nearly flat at 2,011.36, while benchmarks in Singapore and Indonesia retreated.

Australia's S&P/ASX 200 was up narrowly to 4,932.60. Among the day's worst performers, BHP Billiton Ltd. shed 1.8 percent despite reporting robust earnings. The world's biggest mining company said its first half net profit soared more than 71 percent in the six months through December.

In New York Tuesday, a surprisingly weak retail sales report drove stocks lower on Tuesday, giving the Dow Jones industrial average its second straight day of losses.

The Dow fell 41.55, or 0.3 percent, to close at 12,226.64. The broader Standard & Poor's 500 index fell 4.31, or 0.3 percent, to 1,328.01. The Nasdaq composite index fell 12.83, or 0.5 percent, to 2,804.35.

In currencies, the dollar eased to 83.75 yen from 83.82 yen late Tuesday. The dollar rose from the lower-83 yen level overnight, at one point hitting a two-month high of 83.91 yen. The euro stood at $1.3532 from $1.3492.

Benchmark crude oil for March delivery was up 35 cents at $84.67 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 49 cents to settle at $84.32 a barrel Tuesday.

Sensex ends in green; realty, metals, capital goods up

Indian shares up; Tata Steel rebounds, Unitech down

Indian shares edged 0.2 percent higher early on Wednesday, with Tata Steel rebounding after falling initially.

At 9:17 a.m. (0347 GMT), the 30-share BSE index was up 0.15 percent at 18,301.73 points, with 17 components advancing.

Tata Steel reversed early losses and climbed more than 1 percent. The world's No. 7 steelmaker said late on Tuesday its quarterly net profit more than doubled, driven by demand and pricing in Europe and robust growth at its Indian operations.

But the company lagged estimates as higher raw material costs squeezed margins.

Unitech slipped 2.7 percent after Indian police on Tuesday questioned a top executive of the real estate developer as part of a probe into a telecoms corruption scandal that has roiled politics.

The 50-share NSE index was up 0.04 percent at 5,483.25. 

Nifty choppy; Tata Steel, Ambuja Cement, L&T up

At 10:41 am; National Stock Exchange’s Nifty was at 5490.15, up 9.15 points or 0.17 per cent. The broader index touched a low of 5466.80 and high of 5497.50 in trade so far.

Bombay Stock Exchange’s Sensex was at 18276.37, up 2.57 points or 0.01 per cent. The broader index touched a low of 18238.73 and high of 18349.17 intraday.

“On the daily chart we are observing that prices have marginally closed above the downward sloping channel but have formed a “Doji” pattern. This suggests indecisiveness prevailing at current levels.

In coming trading session if indices trade above 18370 / 5510 levels then they are likely to test 18542 – 18600 / 5566 - 5580 levels. On the downside, 18050 – 17990 / 5400 – 5380 may act as support for the day,” said Angel Broking note.

BSE Midcap Index was up 0.45 per cent and BSE Smallcap Index moved 1.03 per cent higher.

Amongst sectoral indices, BSE Metal Index was up 0.97 per cent, BSE Capital Goods Index gained 0.79 per cent and BSE Healthcare Index gained 0.67 per cent. BSE Realty Index was down 0.81 per cent and BSE Auto Index declined 0.59 per cent.

Tata Steel (3.29%), Ambuja Cement (2.43%), Jindal Steel (2.24%), Jaiprakash Associates (2.07%) and L&T (1.92%) were amongst the major Nifty gainers.

HDFC (-2.51%), IDFC (-2.36%), M&M (-1.69%), Hindalco (-1.41%) and DLF (-1%) were the top losers.

Market breadth was positive on the NSE with 1486 gainers against 772 losers. 

Sensex moves up; realty, metals, capital goods gain

At 12:50 pm; Bombay Stock Exchange’s Sensex was at 18339.72, up 65.92 points or 0.36 per cent. The broader index touched a low of 18216.12 and high of 18358.84 intraday.

National Stock Exchange’s Nifty was at 5495.65, up 14.65 points or 0.27 per cent. The broader index touched a low of 5460.35 and high of 5504.80 in trade so far.

“Yesterday’s market action hints that, Nifty entered into a consolidation zone after 2-days sharp rally. Consolidation is expected sideways between 5400 (which is also a 13-DMA) & 5550. During this consolidation, mid-caps are expected to take charge of market,” said Arihant Capital Market report.

BSE Midcap Index was up 0.51 per cent and BSE Smallcap Index moved 1.07 per cent higher.

Amongst sectoral indices, BSE Realty Index was up 2.13 per cent, BSE Metals Index gained 1.14 per cent and BSE Capital Goods Index gained 0.94 per cent. BSE Auto Index was down 0.19 per cent.

Jaiprakash Associates (4.08%), Tata Steel (2.63%), Jindal Steel (2.30%), Bajaj Auto (1.34%) and L&T (1.30%) were amongst the major Nifty gainers.

M&M (-2.31%), HDFC (-2.18%), Hindalco (-1.69%), Reliance Communications (-1.04%) and Tata Motors (-0.86%) were the top losers.

Market breadth was positive on the BSE with 1636 gainers against 1026 losers. 

Nifty rangebound; JP Asso,Tata Steel,Axis Bank up

At 2:50 pm; National Stock Exchange’s Nifty was at 5489.15, up 8.15 points or 0.15 per cent. The broader index touched a low of 5460.35 and high of 5504.80 in trade so far.

Bombay Stock Exchange’s Sensex was at 18315.84, up 42.04 points or 0.23 per cent. The broader index touched a low of 18216.12 and high of 18358.84 intraday.

BSE Midcap Index was up 0.48 per cent and BSE Smallcap Index moved 0.90 per cent higher. 

Sensex ends in green; realty, metals, capital goods up

Benchmarks ended lackluster session on a positive note due to lack of buying interest at current levels. Meanwhile some retail participation saw midcaps outperforming the frontliners.

Bombay Stock Exchange’s Sensex ended at 18316.44, up 42.64 points or 0.23 per cent. The broader index touched a low of 18216.12 and high of 18358.84 in today’s trade.

National Stock Exchange’s Nifty was at 5487.40, up 6.40 points or 0.12 per cent. The broader index touched a low of 5460.35 and high of 5504.80 intraday.

BSE Midcap Index was up 0.58 per cent and BSE Smallcap Index moved 1.09 per cent higher.

Amongst sectoral indices, BSE Realty Index was up 2.14 per cent, BSE Metals Index gained 1.67 per cent and BSE Capital Goods Index moved 0.44 per cent higher. BSE Healthcare Index was down 0.72 per cent.

Jaiprakash Associates (6.79%), Tata Steel (4.37%), Jindal Steel (3.97%), Wipro (2.99%) and Tata Power (1.74%) were amongst the major Sensex gainers.

HDFC (-2.53%), Reliance Communications (-1.73%), M&M (-1.55%), Hero Honda (-1.24%) and ONGC (-1.18%) were the top losers.

Market breadth was positive on the BSE with 1551 gainers against 1124 losers.

Source: economictimes.indiatimes.com