UPA Clean Sweep: Markets Ready to Celebrate

Get the drums and the trumpets out!! Its party time folks! The election results have once again stumped the nation and the verdict which has come forth is absolutely stunning!

The various permutations and combinations of all the channels and the newspapers seemed to have gone to waste. All were right in stating that the UPA would lead but no one had expected the UPA to literally sweep the polls. The much feared Left is routed out in its own ‘home’ state – West Bengal. This means that the Left will no longer be a part of the ruling Govt and that in itself is the single best news for the stock markets. The Monday opening is expected to be thunderous and just as the UPA smothered the Third Front and the NDA, the bulls are now expected to kick out the bears. With one single party expected to come to the centre, FIIs will also be queuing up to have a slice of the pie of India, which now once again looks juicy.

Three important things have emerged from this verdict – the Left is out of the Govt; UPA is emerging as the majority party which puts to rest the ambitions of the “regional” parties and the routing out of the Third Front means that for the next few years, hopefully the next five years, regional parties will not demean the national interest.

The election verdict shows that people have voted for stability over anything else. They have thrown out the caste and regional agenda’s of the various parties and what people really wanted was a more secular party. Many had voted for the Congress saying that it is the better devil amongst the sea of devils. Whatever be the reasons, the pitching of young and educated candidates has surely gone in favour of UPA.

The success of UPA can be directly attributed to the hugely popular NREGA – National Rural Employment Guarantee Act. And the much controversial farmer debt waivers has also helped immensely. These two have gone hugely in favour of the UPA. When money is put into the pockets of the people through employment, what more could they ask for?

The victory of UPA will prove to be the best news for the stock market. As we have always maintained, it is sentiments which over rules anything. So right now the sentiments are buoyant and with the UPA being elected back, the extremely positive sentiments will boost the moods all over.

Yes, the issues of the burgeoning fiscal deficit, unemployment, the global crisis, rising food grain prices; all these issues remain. But with the UPA coming to power, what we will have is a continuity in the policies, we will now see privatisation taking off in a big way, the financial sector reforms, especially for the banking and insurance sector will be done on a war footing. FIIs, assured now by the political stability at the Centre will be coming back in droves, once again talking about “attractive valuations” in India. FDI inflows would take a leap. The first thing on the agenda after the Govt is sworn in would be the presentation of the Budget, sometime around June or early July. And this would be a Budget to really look forward to!

All in all, this is a fantastic verdict. This is celebration time for India after a really very long time. Enjoy the moment and get set for the stock market ride when the market opens on Monday!

Source: www.premiuminvestments.in (By Ruma Dubey)

Markets Today: Sensex closes above 19,000; Nifty above 5,600

It was an unbelievable run up in today's session with the momentum continuing in the markets and Sensex crossig the 19,000 level. It was a phenomenal day as Sensex saw the second highest single point day gain. Nifty did even better closing above 5650 levels. The ferrocity has been high and the gains were spread over broader markets as well. On Friday the markets took a breadther with Sensex dropping over 300 points but today it not only covered the loss but also went up scaling new peak.
The overall rally has been phenomenal as the bulls have got more heady pushing markets to new heights crossing some milestones in a very short span of time. The huge monetary flows and abundant liquidity continue to take markets at new peaks.
Haevyweights have nothched up further, metals were the top gainers in today's session. Some historic market caps were crossed by index pivitols.
ONGC's market capitalisation has hit Rs 2.5 lakh crore mark, it is the second company after Reliance to hit Rs 2.5 lakh crore mark. SAIL touched market capitalisation of 1 lakh crore.
Journey to 19,000:
SENSEX HITS 19,000
FASTEST EVER 1,000 POINT RALLY FOR SENSEX
TAKES 4 DAYS TO MOVE FROM 18,000 TO 19,000
CONTRIBUTION - RIL 153 PTS, ICICI BK 120 PTS, ONGC 119 PTS, L&T 108 PTS, BHARTI AIRTEL 96 PTS
TOP 5 STOCKS CONTRIBUTED 60% OF RALLY FROM 18K TO 19K
Sensex: Road to 19 K
19,000 Oct 15, 2007
18,000 Oct 9, 2007
17,000 Sep 26, 2007
16,000 Sep 19, 2007
15,000 July 6, 2007
14,000 Dec 5, 2006
13,000 Oct 30, 2006
12,000 Apr 20, 2006
11,000 Mar 21, 2006
10,000 Feb 6, 2006
9,000 Nov 28, 2005
8,000 Sep 8, 2005
7,000 Jun 20t, 2005
6,000 Feb 11, 2000
5,000 Oct 8, 1999
The obvious question in front of us now is where are the markets headed and what are the experts saying now.
G Devanathan of Rare Enterprises is of the view, "One should not have any targets to the upside but the way the market has moved today there is some more gains to go. At the same time the point to note is this kind of incredible speed is also too difficult to sustain but as of now the trend is up in fact at every fall the market has been textured and it has reasserted its uptrend in a defining manner so as long as the markets are continuing to make new highs one should just follow the trend. "
Metal continue to rally up with Tata Steel, Sesa Goa, Sterlite Ind, Hindalco among the major gainers. Stelite Industies was up 15%, Reliance Energy up 14%, ONGC, GAIL each up over 9% and Siemens up 8%.
Sensex was up 639.63 points or 3.47% at 19058.67, and the Nifty up 242.15 points or 4.46% at 5670.40.
About 2010 shares have advanced, 964 shares declined, and 73 shares are unchanged.
The BSE Small Cap Index closed at 9,311.97 up 2.4%.
The BSE Midcap Index ended at 7,716.91 up 2.5%.
BSE Metal Index was up 9.5%; SAIL up 16%, Sterlite up 15%, Tata Steel up 7.5%.
BSE Oil & Gas Index was up 4.8%; ONGC up 9.4%, GAIL up 9%.
The BSE FMCG Index closed at 2,156.65 up 1%. Bata India, United Spirits up 8% each followed by ITC, Colgate.
The BSE Capital Goods Index was up 3% at 17,119.70. Thermax,Punj Lloyd, Siemens, AIA Engineering Areva T&D, Jyoti Structure, L&T, Reliance Infra up over 5% each.
The BSE Auto Index closed at 5,613.37 up 2%. Maruti, Ashok Leyland, Tube Investments, Apollo Tyres, Hind Motors, Cummins, Escorts were among the gainers.
The BSE IT Index closed at 4,712.43 up 0.5%. Mphasis, Wipro, Patni Computer, HCL Tech, Satyam ended higher.
The BSE Bankex was up 4% at 9,706.81. Axis Bank up 9%, Yes Bank, Kotak Mahindra, Karnataka Bank, SBI, HDFC Bank, Bank of Baroda closed higher. The NSE cash turnover was at Rs 19592.17 crore and the NSE F&O turnover was at Rs 76830.02 crore. The BSE cash turnover was Rs 10391.09 crore. Total market wide turnover was at Rs 106813.28 crore.

Source:moneycontrol.com

Markets Today

It was a fabulous follow on session for the markets after yesterday's surge as they closed on a new life time high. There has been no stopping for the bulls as the Nifty saw a neat triple digit rally and the Sensex was up over 375 points. This uptrend was without any signs of weakness and closing near the highest points of the day. Abundant liquidity in Asia and specifically India has taken the markets to such heights. On the earnings front, results are largely expected to be inline with expectations. Most of the Asia closed with substantial gains but Europe is more or less flat in the opening.
All the key BSE indices are ended in green with significant gains. Capital goods, realty, oil & gas and metal stocks are leading from the front.
Top gainers on the Sensex are L&T, VSNL, Suzlon Energy & Reliance Petro are up over 6%, BHEL up 4%, Bharti Airtel up 3.81% followed by ACC, Reliance Energy and ONGC.
Top losers on the Sensex are Bajaj Auto, Ranbaxy, Nalco, HPCL, BPCL, Maruti Suzuki and HUL.
Capital goods stocks are leading the uptrend with index pivotal like L&T and BHEL up over 6% and 4% each respectively. The capital goods index is up 4%.
Sensex was up 378.01 points or 2.07% at 18658.25, and the Nifty up 114.20 points or 2.14% at 5441.45.
About 1456 shares have advanced, 1511 shares declined, and 75 shares are unchanged.
The BSE Small Cap Index closed at 9,022.75 up 0.5%.
The BSE Midcap Index ended at 7,484.36 up 1.2%.
The BSE FMCG Index closed at 2,148.05 up 2.8%. Tata Tea, Nestle, P and G, United Spirits were among the gainers.
The BSE Metal Index closed at 14,443.52 up 3%. Jindal Steel, Shree Precoated, Hindalco, SAIL, JSW Steel were among the gainers.
The BSE Capital Goods Index was up 4% at 16,631.35. Suzlon Energy, Punj Lloyd, Larsen, Triveni Engg, Praj Industries, Reliance Infra up over 5% each.
The BSE Auto Index closed at 5,456.93 up 0.5%. Apollo Tyres, Mah and Mah, Amtek Auto, Tata Motors, Escorts, Hero Honda were among the gainers.
The BSE IT Index closed at 5,049.00 up 3%. Tech Mahindra, Infosys, Mphasis, HCL Tech, Satyam ended higher.
The BSE Bankex was up 2% at 9,423.19. Bank of India, Axis Bank, Union Bank, Oriental Bank, ICICI Bank closed higher.
The BSE Oil and Gas Index closed at 10,550.55 up 1%. Reliance Petro, Reliance Natura, ONGC, Essar Oil, Petronet LNG closed in green.
The NSE cash turnover was at Rs 21218.50 crore and the NSE F&O turnover was at Rs 79786.18 crore. The BSE cash turnover was Rs 8510.97 crore. Total market wide turnover was at Rs 109515.65 crore.

Source: moneycontrol.com

Markets Today

The markets saw a sharp cut in today's session on account of political concerns looming large. They opened in positive taking cues from Asia but saw a sharp fall.
Some off the Asian markets which opened in green were off day's high and ended weak.
Sensex was down nearly 300 points or 2%. Broader markets have taken it on their chin and are the midcap and smallcap indices were down 4%. Breadth of the market was absolutely weak, with advance decline ratio at 1:10.
Sensex closed down 281.97 points or 1.59% at 17491.39, and the Nifty down 100.75 points or 1.94% at 5085.10.
About 621 shares have advanced, 2364 shares declined, and 56 shares are unchanged.
Heavy selling was witnessed across the sectors led by realty, metals and pharma.
Top gainers on the indices are Satyam, Bhel, TCS, Wipro, VSNL and HDFC Bank.
Top losers on the indices are are Reliance Energy, Ranbaxy, Zee Entertainment, Unitech ACC and Tata Steel.
The BSE Midcap Index ended at 7,211.60 down 3.6%.
The BSE Smallcap Index ended at 8,801.00 down 3.3%.
The BSE Bankex was down 2.6% at 8,984.86. Andhra Bank, Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved upwards.
The BSE Capital Goods Index was down 2% at 15,445.63. Bharat Elec, Praj Industries, Jyoti Structure, BEML, Triveni Eng, Gammon India closed lower.
The BSE Auto Index closed at 5,270.71 down 2%. TVS Motor, Ashok Leyland, Maruti Udyog, Apollo Tyres, Mah and Mah, Exide Industrie, Hero Honda closed lower.
The BSE Metal Index closed at 13,589.61 down 4%. Tata Steel, SAIL, Shree Precoated, Jindal Steel, Mah Seamless, Hindalco, JindalStainless closed lower.
The BSE FMCG Index closed at 2,089.61 down 1%. United Spirits, Bata India, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed at 9,797.65 down 3%. RNRL, Essar Oil, Petronet LNG, IOC, Reliance, Reliance Petro ended in red.
The BSE IT Index was up 0.6% at 4,770.31. Satyam, HCL Tech, Infosys, Patni Computer, Wipro, TCS closed higher
The BSE realty Index lost 3.6% at 9,283.22. Anant Raj Ind, Ansal Propertie, Unitech, Indiabulls Real, Omaxe closed lower.
The NSE cash turnover was at Rs 15985.52 crore and the NSE F&O turnover was at Rs 69842.2 crore. The BSE cash turnover was Rs 7210.25 crore. Total market wide turnover was at Rs 93037.97 crore.

Source: moneycontrol.com

Markets Today

The markets ended the week on a flat note with a negative bias after seeing a strong rally during the week. Sensex couldn't touch the 18k mark and is at a shouting distance of 18,000 mark. But on weekly basis Sensex saw good gains of over 2.5%.
Most of the BSE sector indices closed lower, even the broader markets were lacklustre.
Select heavies were like L&T, BHEL, Reliance and Bharti Airtel were supporting the markets at the lower levels. Buying was seen in select capital goods, telecom and oil & gas stocks.Selling pressure is seen in interest rate senstives like auto, bank and realty stocks. Even FMCG and IT stocks are trading at lower levels.
Reliance hit Rs 2,500 mark and Bharti Airtel hit Rs 1000 mark.
On the macroeconomic front, inflation came in higher at 3.42% versus 3.23%.
Power Grid got listed at Rs 85 versus issue price of Rs 52/share, debuting with market cap of Rs 39,000 crore and closed at around Rs 100 levels.
Sensex was down 3.78 points or 0.02% at 17773.36, and the Nifty down 22.80 points or 0.44% at 5185.85.
About 1071 shares have advanced, 1900 shares declined, and 69 shares are unchanged.
Top gainers on the Sensex were Larsen & BHEL up 6%, ABB up over 3.5%, Bharti up 4% and Reliance Comm up 2%.
Top losers on the Sensex were NTPC, Tata Motors, ITC, Hindalco, Wipro and TCS.
The BSE Midcap Index ended at 7,485.51 down 1.2%.
The BSE Smallcap Index ended at 9,101.87 down 0.44%.
The BSE Bankex was down 2.5% at 9,177.32. Union Bank, IOB, Kotak Mahindra, Allahabad Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was up 3% at 15,725.25. L&T, Reliance Infra, Kirloskar Bros, Greaves Cotton, Jyoti Structure closed higher
The BSE Auto Index closed at 5,356.83 down 1%. Ashok Leyland, Hind Motors, Bharat Forge, Tata Motors, TVS Motor closed higher.
The BSE Metal Index closed at 14,122.36 down 2%. JSW Steel, Hindalco, Tata Steel, JindalStainless closed lower.
The BSE FMCG Index closed at 2,107.02 down 2%. Marico, Bata India, ITC, United Spirits, United Brewerie closed lower
BSE Oil and Gas Index closed up 1% at 10,109.80. Reliance, IOC, BPCL, HPCL ended in red.
The BSE IT Index was down 0.6% at 4,740.27. Satyam, HCL Tech, Infosys, Patni Computer, Wipro, TCS, Financial Tech closed higher.
The NSE cash turnover was at Rs 20212.79 crore and the NSE F&O turnover was at Rs 64188.48 crore. The BSE cash turnover was Rs 7756.15 crore. Total market wide turnover was at Rs 92157.42 crore.

Source:moneycontrol.com

Markets Today

It was a eventful day for Indian markets as opened with bang but slipped in red taking the Sensex sub 17,300 levels but bounced back inching towards the 18,000 levels. Sensex graph was typically V shaped, closing near the high point of the day.
It was a historic day in rems of volume also with over Rs 130,000 crore. The cues from Asia were mixed and even Europe opened flat.
Asia ended mixed, Hang Seng is down over 1600 points from the day's high. Hang Seng was down over 2% as there have been talks of FIIs reducing their holdings in Hong Kong-listed Chinese firms.
Realty, IT, power, capital goods and oil & gas were among the top gainers. Selling pressure was seen in select pharma consumer durables and cement stocks. Broader markets underperformed the benchmark indices.
Top gainers on the Sensex were DLF, Infosys, HDFC, ICICI, Tata Power, Sterlite Ind, Suzlon Eergy, NTPC, Reliance Comm, Reliance Energy and Reliance.
Cipla, Ranbaxy, Ambuja Cements, SBI, Tata Steel, GAIL, MTNL were among the top losers.
Suzlon has bagged 150 MW order from DLF and the stock is up over 3%.
Sensex was up 518.42 points or 2.99% at 17847.04, and the Nifty up 141.85 points or 2.80% at 5210.80.
About 1221 shares have advanced, 1762 shares declined, and 52 shares are unchanged.
The BSE Small Cap Index closed at 9,108.70 down 0.8%.
The BSE Midcap Index ended at 7,540.54 up 0.2%.
The BSE FMCG Index closed at 2,157.31 up 0.3%. Marico, Tata Tea, Dabur India, Colgate closed in green.
The BSE Metal Index closed at 14,180.50 up 2%. Hindalco, Hind Zinc, Sesa Goa, Sterlite Ind, Jindal Steel were among the gainers.
The BSE Health Care Index was down 0.5% at 3,817.82. Orchid Chemical, Glenmark, Cipla, Sun Pharma closed higher.
The BSE Capital Goods Index was up 2.6% at 15,064.27. Greaves Cotton, BEML, Jyoti Structure, Reliance Infra, BHEL ended higher.
The BSE Auto Index closed at 5,399.60 up 1.6%. Tata Motors, Maruti Udyog, Bajaj Auto, Mah and Mah, Bharat Forge were among the gainers
The BSE IT Index closed at 4,790.90 up 4%. Infosys, TCS, I-Flex Solution, Tech Mahindra, Mphasis, HCL Tech ended higher.
The BSE Bankex was up 2% at 9,575.59. Karnataka Bank, Kotak Mahindra, ICICI Bank, Federal Bank Axis Bank, SBI, HDFC Bank closed higher.
The BSE Oil and Gas Index closed at 10,008.53 up 3.4%. Reliance, BPCL, IOC, ONGC closed in green
The NSE cash turnover was at Rs 24819.65 crore and the NSE F&O turnover was at Rs 105619 crore. The BSE cash turnover was Rs 10023.92 crore. Total market wide turnover was at Rs 140462.57 crore.

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

Markets Today

The bulls are in complete charge of the markets taking it to yet another life time high. It was not only a strong day for the markets but a good end to a phenomenal week. The week saw Sensex crosssing the milestone of 17,000 and the Nifty breached the 5,000 mark. Today the Sensex breached 17,300 mark and the Nifty was trading well above 5,000 mark.
The uptrend was powered by metal stocks followed by the banking majors, FMCG and pharma stocks. However trading weak were select oil & gas and IT pivotals followed by select auto stocks. The broader markets were trading inline with the frontline indices with moderate gains.
Sensex was up 140.54 points or 0.82% at 17291.10, and the Nifty up 20.80 points or 0.42% at 5021.35.
About 1502 shares have advanced, 1457 shares declined, and 74 shares are unchanged.
The BSE Small Cap Index closed at 9,099.93 up 0.6%.
The BSE Midcap Index ended at 7,422.43 up 1.2%.
The BSE FMCG Index closed at 2,161.35 up 2%. Nestle, GlaxoSmith Con, United Spirits, ITC, Dabur India closed in green.
The BSE Metal Index closed at 13,945.39 up 3.3%. Sesa Goa, Tata Steel, Hindalco, JindalStainless were among the gainers.
The BSE Health Care Index was up 1.7% at 3,784.21. Novartis India, Sterling Bio, Biocon, Cipla, Ranbaxy Labs closed higher.
The BSE Capital Goods Index was flat at 14,679.84. Kirloskar Oil, Alstom Projects, Reliance Infra, Kirloskar Bros, Kalpataru Power ended higher.
The BSE Auto Index closed at 5,332.26 up 1.1%. Ashok Leyland, Punj Tractors, Tata Motors, Maruti Udyog, Escorts were among the gainers
The BSE IT Index closed at 4,627.83 down 0.3%. HCL Tech, Tech Mahindra, Infosys, Mphasis ended lower.
The BSE Bankex was up 2.6% at 9,469.26. Bank of India, Yes Bank, Allahabad Bank, Union Bank, Centurion Bank closed higher.
The BSE Oil and Gas Index closed at 9,561.95 down 0.8%. Essar Oil, HPCL, ONGC, BPCL closed in red.
The NSE cash turnover was at Rs 17567.47 crore and the NSE F&O turnover was at Rs 56998.5 crore. The BSE cash turnover was Rs 7921.43 crore. Total market wide turnover was at Rs 82487.40 crore.

Source:moneycontrol.com

Markets Today

The markets ended with marginal gains after seeing some hicups in the noon trades. It was a dull day for markets as they selling pressure was seen in realty, auto and banking stocks. Markets made smart recovery from the day's low, Sensex saw a triple digit correction in noon but was up again by the end of the day to end almost flat. Oil marketing companies were the standout performance with HPCL, BPCL and IOC were among the top gainers.
It was some profit booking at the higher levels and Nifty holding above the 4,900 mark. The market breadth was negative as the midcap and smallcap indices underperformed.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Sensex was up 53.71 points or 0.32% at 16899.54, and the Nifty up 6.65 points or 0.13% at 4938.85.
About 1228 shares have advanced, 1735 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 7,313.33 up 0.04%.
The BSE Smallcap Index ended at 8,967.51 up 0.05%.
The BSE Bankex was down 0.5% at 8,921.74. Oriental Bank, Centurion Bank, Allahabad Bank, Karnataka Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was up 0.5% at 14,763.61. Areva T&D, Punj Lloyd, Alstom Projects, Bharat Bijlee, AIA Engineering closed lower.
The BSE Health Care Index was up 0.6% at 3,687.60. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed higher.
The BSE Auto Index closed at 5,252.96 down 1%. Tube Investment, Hero Honda, TVS Motor, Mah and Mah, Escorts closed lower.
The BSE Metal Index closed at 13,080.83 up 0.4%. JSW Steel, Jindal Saw, Hindalco, Hind Zinc, JindalStainless closed higher
The BSE FMCG Index closed at 2,156.35 up 0.1%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed at 9,777.51 up 1.3%. Petronet LNG, Essar Oil, BPCL, IOC, HPCL ended in green.
The BSE IT Index closed flat at 4,348.62. Satyam, HCL Tech, Tech Mahindra, Infosys closed lower.
The BSE realty Index lost 3% at 9,085.47. Unitech, Phoenix Mills, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 17784.95 crore and the NSE F&O turnover was at Rs 83677.53 crore. The BSE cash turnover was Rs 7468.09 crore. Total market wide turnover was at Rs 108930.57 crore.

Source:moneycontrol.com

Markets Today

It was not only an interesting end to the week but an entire interesting week for equity markets. The week saw some terrific gains on account of 50 bps rate cut by the Fed. Sensex was up 6.4%and Nifty up 7.3% during the week. Sensex also saw its biggest weekly points gain.
Standout performance was from Reliance group of stocks like Reliance Infra up over 75%, Reliance, Rel Energy and Reliance Petro and Reliance Cap.
Apart from IT index which closed flat, all the BSE sector indices closed up over7%. Realty index was the top gainer up 14% followed by oil & gas up 12%. The week saw a bull run in commodities and also in the currency market where rupee breached the 40 mark trading at 39.90 levels.
In today's session markets scaled new heights, both the frontline indices saw a a triple digit rally on a total turnover of over 1 lakh crore. Although there were some initial hicups but later the markets surged on the back of heavy buying in heavyweights like HUL, Reliance and SAIL. IT, FMCG and healthcare were among the top losers on the indices. However, trading strong are telecom, auto, oil & gas and realty were among the gainers.
Reliance Energy, Reliance, SAIL, HUL, Bharti Airtel, Reliance Communication, GAIL, Reliance Petro, Hero Honda and Grasim are among the top gainers on the indices.
NTPC, Suzlon Energy, Satyam, ITC, TCS are among the top losers on the Sensex. Infosys, Wipro, TCS touched 52 week low today.
Sensex was up 216.28 points or 1.32% at 16564.23, and the Nifty up 90.00 points or 1.90% at 4837.55.
About 1279 shares have advanced, 1695 shares declined, and 57 shares are unchanged.
The BSE Midcap Index ended at 7,199.92 up 67 points or 1%.
The BSE Smallcap Index ended at 8,895.30 up 20 points or 0.22%.
The BSE Capital Goods Index was closed at 14,520.17 up 1%. Reliance Infra, Areva T&D, Thermax, Punj Lloyd, Astra Microwave closed higher
The BSE Auto Index closed closed at 5,193.50 up 1%. Escorts, Hero Honda, Exide Industrie, Cummins, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,812.76 up 0.7%. Jindal Steel, SAIL, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.6% at 2,152.99. Britannia, Nestle, United Spirits, Tata Tea, ITC ended in red.
BSE Oil and Gas Index closed at 9,340.05 up 3.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,428.34 up 1%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was up 0.6% at 8,739.84. Oriental Bank, Union Bank, Kotak Mahindra, SBI, Canara Bank closed higher.
The NSE cash turnover was at Rs 16655.36 crore and the NSE F&O turnover was at Rs 75928.77 crore. The BSE cash turnover was Rs 8223.37 crore. Total market wide turnover was at Rs 100807.50 crore.

Source:moneycontrol.com

Marekts Today

It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke. This rate cut comes after four years on account of recession concerns in the US. During the last four years there have been 17 consecutive rate hikes and yesterday we saw a rate cut of 50 bps. Analysts are seeing this as positive and a bold move by the Fed in order to take charge of the slowdown in US.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc advanced.
The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.

Source:moneycontrol.com

Markets Today

It was a weak close for the markets on account of some negative cues from Europe. Europe after opening in red sliped further, FTSE was down 2% following the suit are CAC and DAX. Some of Asian markets came under pressure, Taiwan was down 1%, Kospi ended flat and Hang Seng was down over 1%. All eyes are set on tomorrow's Fed meet where analyst are expecting a rate cut of 25 bps.
Technology and telecom stood out as the biggest losers with Reliance Communication, Satyam, TCS, Bharti Airtel and Infosys being among the top losers.
Consumer durables have stood out in todays trade and were among the top gainers followed by select auto, power, FMCG and metal stocks.
Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY).
Sensex was down 99.37 points or 0.64% at 15504.43, and the Nifty down 23.35 points or 0.52% at 4494.65.
About 1509 shares have advanced, 1443 shares declined, and 76 shares are unchanged.
The BSE Midcap Index ended at 6,915.37 up 18 points or 0.30%.
The BSE Smallcap Index ended at 8,640.23 up 68 points or 0.8%.
The BSE Capital Goods Index was closed flat at 13,704.85. Reliance Infra, Triveni Engg, Kirloskar Oil, Bharat Bijlee closed higher.
The BSE Auto Index closed closed at 4,897.17 up 0.2%. Bajaj Auto, Cummins, Tube Investment, Hind Motors, Maruti Udyog ended in the green.
The BSE Metal Index closed at 12,011.58 up 0.3%. Sesa Goa, Shree Precoated, Hind Zinc, NALCO, Sterlite Ind advanced.
The BSE FMCG Index gained 0.9% at 2,090.79. United Brewerie, United Spirits, GlaxoSmith Con, Tata Tea ended in red.
BSE Oil and Gas Index closed at 8,372.09 down 0.2%.
The BSE IT Index closed at 4,387.26 down 1.4%. TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%.
The BSE Bankex was down 0.6% at 8,090.77. ICICI Bank down 1.23%, HDFC Bank down 0.53%.
The NSE cash turnover was at Rs 9373.78 crore and the NSE F&O turnover was at Rs 35768.53 crore. The BSE cash turnover was Rs 4673.34 crore. Total market wide turnover was at Rs 49815.65 crore.

Source:moneycontrol.com

Markets Today

The markets ended flat after opening on a strong note. They could not sustain their position at the higher levels as profit booking set in during the later part of the day. Auto, FMCG, pharma and IT stocks are under pressure. The fall comes in despite some strong Asian cues. At this point all eyes are on 18 September for Fed decision, analyst are expecting 25 bps cut.
The broader markets underperformed the benchmark indices and closed with moderate losses.
Pharma, IT and auto indices were among the top losers among the BSE indices. Select banking, metal and realty stocks held out their gains.
Top gainers on the indices are ICICI Bank, HDFC Bank, L&T, MTNL, Sterlite Ind, Tata Steel and ITC .
Top losers on the indices are NTPC, Reliance Communication, ACC, Sun Pharma, HCL Tech, Maruti Udyog and HUL.
Sensex was down 10.64 points or 0.07% at 15603.80, and the Nifty down 10.95 points or 0.24% at 4518.00.
About 1106 shares have advanced, 1850 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 6,897.00 up 50 points or 0.72%.
The BSE Smallcap Index ended at 8,572.76 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,701.56 down 0.2%. Lakshmi Machine, Crompton Greave, Greaves Cotton, AIA Engineering, Alfa Laval closed lower.
The BSE Auto Index closed closed at 4,885.47 down 1%. TVS Motor, Escorts, Cummins, Hind Motors, Maruti Udyog ended in the red.
The BSE Metal Index closed at 11,979.96 up 0.5%. Shree Precoated, Jindal Saw, Sterlite Ind, Mah Seamless advanced.
The BSE FMCG Index closed flat at 2,072.81. Tata Tea, United Brewerie, GlaxoSmith Con, Bata India ended in red.
BSE Oil and Gas Index closed at 8,387.22 up 0.1%. Reliance Petro, Reliance closed in green.
The BSE IT Index closed at 4,449.14 down 0.8%. Mphasis, Financial Tech, Wipro, HCL Tech closed lower.
The BSE Bankex was up 0.6%. ICICI Bank,HDFC Bank, Karnataka Bank, Kotak Mahindra closed higher.
The NSE cash turnover was at Rs 12490.58 crore and the NSE F&O turnover was at Rs 47177.37 crore. The BSE cash turnover was Rs 6474.89 crore. Total market wide turnover was at Rs 66142.84 crore.

Source:moneycontrol.com

Markets Today

The markets ended the day on a strong note with some positive cues from Asian peers. But Europe was sulking with most of the markets trading in red. Sustained buying was seen in realty, banking and IT stocks. Broader markets outperformed the benchmark indices. Both midcap and smallcap indices are up nearly 1%. This gave markets healthy breadth in favour of advances. However, FMCG, pharma and metal stocks traded under pressure.
Top gainers on teh indices were SBI, Suzlon Energy, Maruti dyog and ACC.
HUL, ITC, Hindalco, Zee Entertainment were among the major losers on the indices.
BSE Realty index is trading strong today up nearly 3%. Major gainers in this space were Unitech, Peninsular Land and Mahindra Gesco.
Reliance Capital and Mercator Lines ended with hefty gains.
Sensex was up 109.08 points or 0.70% at 15614.44, and the Nifty up 32.10 points or 0.71% at 4528.95.
About 1723 shares have advanced, 1231 shares declined, and 70 shares are unchanged.
The BSE Midcap Index ended at 6,946.70 up 57 points or 0.70%.
The BSE Smallcap Index ended at 8,638.26 up 66 points or 0.8%.
The BSE Capital Goods Index was closed at 13,723.88 up 0.3%. Triveni Engg, Suzlon Energy, Praj Industries, Reliance Infra, BEML closed higher.
The BSE Auto Index closed closed at 4,939.34 up 1.3%. Maruti Udyog, TVS Motor, Apollo Tyres, Hero Honda, Cummins, Tata Motors ended in the green.
The BSE Metal Index closed flat at 11,924.63. Jindal Steel, Sterlite Ind, Shree Precoated advanced.
The BSE FMCG Index lost 0.5% at 2,070.79. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,378.77 up 0.7%. Reliance Natura, GAIL, Essar Oil, Reliance closed in green.
The BSE IT Index closed at 4,482.57 up 1%. Mphasis, Tech Mahindra, TCS, Satyam, Wipro closed lower.
The BSE Bankex was up 1.3% at 8,081.94. Kotak Mahindra, SBI, Karnataka Bank, HDFC Bank, Union Bank, Axis Bank closed lower.
The NSE cash turnover was at Rs 11057.26 crore and the NSE F&O turnover was at Rs 41758.23 crore. The BSE cash turnover was Rs 5262.6 crore. Total market wide turnover was at Rs 58078.09 crore.

Source:moneycontrol.com

Markets Today

It was yet another inconclusive session for the markets as they ended the day on a flat note. Metal and oil & gas stocks were the outperformers. However, IT, FMCG and pharma indices ended in red. Reliance pack clearly supported the markets, Reliance Energy, Reliance and Reliance were among the top gainers.
Broader markets have shown resilience and outperformed the benchmark indices. BSE midcap index was up 0.3% and smallcap index is up 0.6%.
In the midcap space sugar, financial and power stocks did well for themselves.
Metal index ended up over 1%. Sterlite Industries is up over 3% followed by Tata Steel & SAIL.
TTML, Nagarjuna Fertilisers, Everonn Systems, Reliance Capital, Indusind, UCO Bank, Vijaya Bank are among the midcap gainers.
Top gainers on the indices are Bajaj Auto up 2.5%. Top losers on the Sensex were NTPC, Cipla and ITC.
On the macroeconomic front, July Industrial output numbers were amajor disappointment, it was at 7.1% versus 13.2% on YoY basis. Apr-Jul Industrial Grwoth took place at 9.6% versus 11.1%,YoY. It was a major disappointment below estimates and manufacturing has taken it on the chin. Within manufcaturing it is consumer durables has taken a hit.
Sensex was down 37.41 points or 0.24% at 15505.36, and the Nifty down 0.20 points or 0.00% at 4496.85.
About 1687 shares have advanced, 1269 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 6,889.55 up 13 points or 0.20%.
The BSE Smallcap Index ended at 8,572.35 up 43 points or 0.5%.
The BSE Capital Goods Index was closed at 13,664.18 down 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed lower.
The BSE Auto Index closed closed at 4,875.78 up 0.2%. Bajaj Auto, Cummins, MRF, Tube Investment, MICO ended in the green.
The BSE Metal Index closed at 11,918.28 up 1.2%. Jindal Steel, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.
The BSE FMCG Index lost 0.8% at 2,081.93. ITC, Britannia, Marico, Colgate ended in red.
BSE Oil and Gas Index closed at 8,321.15 up 0.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
The BSE IT Index closed at 4,443.98 down 0.6%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.
The BSE Bankex was down 0.7% at 7,979.77. ICICI Bank, PNB, Oriental Bank, HDFC Bank, Federal Bank closed lower.
The NSE cash turnover was at Rs 10821.24 crore and the NSE F&O turnover was at Rs 40563.67 crore. The BSE cash turnover was Rs 5368.60 crore. Total market wide turnover was at Rs 56753.51 crore.

Source:moneycontrol.com

Markets Today

The markets ended in red with marginal losses. Midcap and smallcap just ended in green. Power, metal and select capital goods were aong the performers of the day. Midcap banking stocks did well aprt from the metal stocks. Selling pressure was seen in IT majors followed by auto and pharma stocks.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.

Source:moneycontrol.com