Monday, October 1, 2007

Markets Today

The markets ended in green with moderate gains on account of buying support from the host of energy stocks. Oil & gas, power were among the performers of the day.
The breadth was also positive as the midcap and smallcap indices have outperformed the benchmark indices. Oil & gas sstocks like ONGC, GAIL were up and power stocks like NTPC, Tata Power have surged. Pharma stocks were also trading smart on the bourses. ADAG group stocks like Reliance Capital surged yet another day.
IT stocks were under pressure due to ongoing appreciation in the rupee. Banking stocks were down on the speculation that RBI may hike CRR in near future. Select metal stocks were also down.
NTPC, ONGC, Reliance Communication, Tata Power and GAIL were among the major gainers on the indices.
SBI, BHEL, HCL Tech and ITC were among the top losers on the indices.
Select auto stocks recovered from its lows today on the back of good auto sales numbers in the month of September. Hero Honda's September sales was at 3.14 lakh units versus 2.4 lakh (MoM). Bajaj Auto sep sales was at 2.32 lk units vs 1.96 lk (MoM). Maruti and TVS has also announced good numbers today.
Sensex was up 37.52 points or 0.22% at 17328.62, and the Nifty up 47.60 points or 0.95% at 5068.95.
About 1740 shares have advanced, 1213 shares declined, and 80 shares are unchanged.
The BSE Small Cap Index closed at 9,184.52 up 1%.
The BSE Midcap Index ended at 7,528.64 up 1.4%.
The BSE FMCG Index closed at 2,151.10 down 0.5%. Nestle, Godrej Consumer, GlaxoSmith Con, United Brewerie, ITC closed in red.
The BSE Metal Index closed at 13,899.77 down 0.3%. Sterlite Ind, Sesa Goa, Tata Steel, SAIL, Hindalco, Shree Precoated were among the gainers.
The BSE Health Care Index was up 1.4% at 3,837.15. Divis Labs, Novartis India, Cipla, Biocon, Lupin closed higher.
The BSE Capital Goods Index flat at 14,688.96. Reliance Infra, Gammon India, Crompton Greave, BEML, Lakshmi Machine ended higher.
The BSE Auto Index closed at 5,316.33 down 0.3%. Hero Honda, Bajaj Auto, Tata Motors, Punj Tractors were among the losers.
The BSE IT Index closed at 4,598.11 down 0.6%. Tech Mahindra, TCS, Mphasis, HCL Tech ended lower.
The BSE Bankex was down 1% at 9,395.78. Axis Bank, SBI, HDFC Bank, Bank of India, Andhra Bank closed lower.
The BSE Oil and Gas Index closed at 9,682.59 up 1.3%. BPCL, GAIL, IOC, Essar Oil, ONGC closed in green
The NSE cash turnover was at Rs 17331.97 crore and the NSE F&O turnover was at Rs 61451.29 crore. The BSE cash turnover was Rs 7201.34 crore. Total market wide turnover was at Rs 85984.6 crore.
source:moneycontrol.com

Intraday Calls for 01st October

Market can take some rest here and may open positive but remain flat to positive.

Buys for intraday:

Bharati Shipyard (590)
Allied Digital (378)
Hindustan Zinc (812)
Balaji Telefilms (260)
Pioner Embro (148)
RPL (153)
GMR Infra (173)
Zee Entertainment (342)
REL (1205)
Visu International (17.50)
TTML (43)
Fert. & Chem (FACT) (28.85)

Good Luck

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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