Markets Today: Catch Me If You Can

The mood of people is unpredictable. Just as this point came through loud and clear when the election verdict came with a thumping victory for UPA, the way in which the markets behaved on opening trade on Monday morning further reiterated this fact. If the UPA's win was historic then the opening trade of Dalal Street today morning was even more historic. The markets have saluted the victory of the Congress with only circuit breakers!

And what a circuit breaker! Earlier, the markets opened for some 30 seconds and it hit the upper circuit. BSE stated that it was up 1789.88 points when it opened for trading and the NSE opened 531 points up, soon after which it once again breached the second circuit limit. This led to the halt of trading for two hours and the market was scheduled to re-open for trading at 11.55 am. And then, when the market re-opened at 11.55am, within a few seconds, the BSE was up 2099 points and the Nifty was up 636 points and that was done for the day. Trading was halted for the day!

This has never happened in the history of the stock exchange. Circuit breaker was always on account of a market crash but today, it was frozen due to a rise! And halting trading for a day due to a surge is historic indeed! To a large extent, this would seem like an anti climax; it’s like everyone was waiting to buy and but could not even put their buys onto the exchange.

As per the rules of the exchange, the circuit breaker system is applied at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. In case of a 10% movement, there would be a one-hour market halt if the movement takes place before 13:00 IST. In case the movement takes place at or after 13:00 IST, but before 14:30 IST. there would be trading halt for ½ hour. In case movement takes place at or after 14:30 IST there will be no trading halt at the 10% level and market shall continue trading.
In case of a 15% movement, there will be a two-hour halt if the movement takes place before 1 p.m. And if this 15% trigger is reached on or after 13:00 IST but before 14:00 IST, there shall be a one-hour halt. If the 15% trigger is reached on or after 14:00 IST the trading shall halt for remainder of the day. In case of a 20% movement of the index, trading will be halted for the remainder of the day.
Celebrating the victory is also the Indian rupee which is currently trading at Rs.47.93 a US dollar.

It was expected that the markets would open for trading on a highly bullish note but no one had expected this kind of euphoria. This unprecedented win of the UPA is probably the market turner – from a complete bearish market it is now become a bullish market. What has happened is that people have been living in a pessimistic environment for a very long time and any good news is like a drowning man clutching at the straw for support. This political win is not a straw, it is a complete bark of wood, which could take one to the shores safely.

If one looks beyond the UPA win, the fundamentals of India’s economy and the world economy remains the same. One has to take a bullish but cautious approach to the markets now. No need to rush in to book profits as the bull charge has not even got down to the mid caps. There is a lot of money waiting to come to the market, so stay invested for now.

All eyes will now be on the new Govt which is expected to be sworn in on Friday and the event to look forward to will be the Union Budget. Till then, the rally is expected to remain bullish. But remember, once this euphoria settles down, one will start looking at individual stocks and maybe at that juncture, our market valuations would seem expensive. So tread with caution once the party is over and the hangover sets in.

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

Markets Today: Midcaps & Smallcaps Outperform

It started as a good day for markets but the frontliners failed to hold their gains at the higher levels and ended near the lowest point of the day. The rally in the midcaps and smallcaps continued and the market breadth was significantly positive.
Nifty Junior had blown out the lights and the index was up over 4%. Midcap index is up 2.7% and smallcap index is up 3%. The rally was seen despite some sell off seen in Asia markets.
Mukta Arts, Manugraph Ind, Rohit Ferro Tec, Gwalior Chem, Suryalakshmi Co were the smallcap performers locked in upper circuit each up 20%.
Among the block deals Centurion BoP, Reliance Infra and Suzlon Energy saw some block deal.
Auto, power, realty, cement and metal stocks were buzzing.
Gainers in the midcap space were Exide Industrie, Nirma, FDC, Sun Pharma Adv, Vijaya Bank, Centurion Bank, Alok Industries, Blue Dart, UB Holdings.
Midcap banking space was also very active and is trading with good gains. Centyrion BoP was up over 14% and Vijaya Bank up over 13%.
Among the frontliners Bajaj Auto, ONGC, Cipla, Siemens, Suzlon Energy were the top gainers.
Bank pivotals like ICICI Bank and HDFC Bank were seeing some profit booking along with the oil refinery duo of BPCL and HFCL. FMCG major ITC was also trading weak.
Sensex was down 65.00 points or 0.33% at 19633.36, and the Nifty up 0.80 points or 0.01% at 5907.65.
About 2305 shares have advanced, 715 shares declined, and 45 shares are unchanged.
The BSE Midcap Index ended at 8,730.82 up 2.6%.
The BSE Smallcap Index ended at 10,672.89 up 2.8%.
The BSE Bankex was down 1% at 10,920.67. Top losers were HDFC Bank, ICICI Bank and SBI. Midcap bank stocks were on fire with CBoP up 14%, Vijaya Bank up 13.8%.
The BSE Capital Goods Index was up 1% at 20,806.42. Triveni Engg, AIA Engineering, Siemens, Crompton Greave, Thermax, Punj Lloyd closed higher.
The BSE Auto Index closed at 5,413.24 up 2.5%. Apollo Tyres, Escorts, TVS Motor, Exide Ind, Ashok Leyland closed higher.TVS Motor up 12%, Escorts up 12%, Ashok Leyland up 6.7%, LML locked at 5%.
The BSE Metal Index closed at 17,668.86 up 1%. Jindal Steel, JindalStainless, Tata Steel, SAIL, Hind Zinc closed higher.
The BSE FMCG Index closed at 2,224.86 down 0.2%. ITC and GlaxoSmith Cons were each down over 3%.
BSE Oil and Gas Index closed flat at 12,467.50. HPCL, BPCL, IOC, Reliance Petro ended lower but Essar Oil up 6%, Chennai up 4.3%.
The BSE IT Index was at 4,634.64 up 0.4%. Tech Mahindra, I-Flex Solution, Patni Computer, HCL Tech closed higher.
Sugar stocks saw heavy buying; Balrampur was up 11%, Triveni up 19%, Bajaj Hindusthan up 6%
Total market turnover at Rs 78,490 crore Versus Rs 89,336 crore in last trading session.
Source:moneycontrol.com

Markets Today: Biggest Single Day Gain

The markets ended with monster gains on heavy buying in scrips across sectors. Sensex has gained over 900 points and Nifty has scored over a double century and was up over 250 points. It was the biggest single day absolute gain for Sensex. The cues from global markets have been robust with Asia closing higher and Europe opening strong.
Oil & gas, capital good, metal and banking stocks continue to be in the limelight today. Broader markets have also participated in the uptrend but the frontliners outperformed the midcap and smallcap indices. BSE Midcap index was up over 2% and the smallcap index was up over 2.4%.
ICICI Bank surged over 9%, Wipro and Hindalco were up over 7% followed by HDFC, HDFC Bank, Bharti Airtel, Rel Petro and PNB.
Sensex was up 893.58 points or 4.69% at 19929.06, and the Nifty up 242.50 points or 4.26% at 5937.90.
About 2135 shares have advanced, 852 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 8,285.63 up 2%.
The BSE Smallcap Index ended at 10,039.38 up 2.4%.
The BSE Bankex was up 7.2%. Top gainers were HDFC Bank up 11.3%, ICICI Bank up 8.9%, PNB up 9.7% followed by SBI, BOB, HDFC Bank, Union Bank, Axis Bank, Kotak Mahindra, Andhra Bank, Bank of India moved upwards.
The BSE Capital Goods Index was up 1% at 20,386.41. Siemens, Areva T&D, Kirloskar Oil, Bharat Bijlee, Triveni Engg closed higher.
The BSE Auto Index closed at 5,423.10 up 0.6%. Hind Motors, MICO, TVS Motor, Maruti Suzuki, Cummins closed higher.
The BSE Metal Index closed was up 4.2%. Among the top gainers were Nalco up 13.7%, Hindalco up 7.3%, SAIL up 6% Jindal Steel, JindalStainless, Tata Steel, SAIL, Hind Zinc closed higher.
The BSE FMCG Index closed at 2,062.04 up 1.2%. United Spirits, GlaxoSmith Con, ITC, Dabur India, Marico, ITC, Bata India closed higher.
BSE Oil and Gas Index closed up 7%. Heavies like Reliance up 7.2%, ONGC up 4.7% followed by Reliance Natura, Essar Oil, Reliance Petro, Petronet LNG ended higher.
The BSE IT Index was at 4,634.64 up 0.4%. Wipro, Satyam, Infosys, Financial Tech, TCS closed higher.
BSE Realty Index was up 3.1%; Unitech up 2.5%, Indiabulls Real up 7.5%.
The NSE cash turnover was at Rs 20698.46 crore and the NSE F&O turnover was at Rs 68270.99 crore. The BSE cash turnover was Rs 8791.8 crore. Total market wide turnover was at Rs 97761.25 crore.

Source:moneycontrol.com

Markets Today

The bulls staged a strong comeback helping markets close with hefty gains. The day started flat with buying seen in midcaps and smallcaps but moved ahead with heavy buying seen in frontline banking, power, capital good stocks. Sensex was up 350 points and the Nifty has scored almost a century ending near 5,700 mark.
On the macroeconomic front, the positive trigger being the Left has given the nod to government to proceed negotitations with IAEA on Nuke deal.
Power stocks surged Areva T&D was up 20%, Alstom Projects up 10%, Voltamp Transformers up 8%, NTPC was up 7%, L&T up 5.6%, BHEL 4.5% and Tata Power was up 4%.
Heavies like SBI, HDFC Bank, L&T, Tata Steel Reliance Ind, NTPC were helping the markets trading higher.
Broader markets have held out their gains and both midcap and smallcap indices were up 2% each. However, the IT stocks were still under pressure.
Among the frontliners HDFC Bank was up over 6%, MTNL up over 4%, HDFC, SBI, Suzlon each up over 4%. ICICI Bank, Tata Steel, Tata Motors, Maruti were up over 3% each.
Sensex was up 298.21 points or 1.59% at 19035.48, and the Nifty up 78.30 points or 1.39% at 5695.40.
About 1982 shares have advanced, 1001 shares declined, and 82 shares are unchanged.
The BSE Midcap Index ended at 8,113.72 up 2%.
The BSE Smallcap Index ended at 9,801.29 up 2%.
The BSE Bankex was up 3.5% at 10,538.05. HDFC Bank, Axis Bank, Bank of India, Bank of Baroda, IOB moved upwards.
The BSE Capital Goods Index was up 3.4% at 20,292.56. Areva T&D, Alstom Project, Bharat Bijlee, Bharat Elec, Gammon India closed higher.
The BSE Auto Index closed at 5,136.25 up 0.5%. Punj Tractors, Bharat Forge, Amtek Auto, Exide Industrie closed higher.
The BSE Metal Index closed at 17,046.73 up 1.6%. Mah Seamless, JindalStainless, Jindal Steel, SAIL, Tata Steel closed higher.
The BSE FMCG Index closed at 2,068.66 up 0.6%. Bata India, United Spirits, Colgate, Marico closed higher.
BSE Oil and Gas Index closed at 11,408.93 up 0.4%. Reliance Natura, BPCL, Reliance , Reliance Petro, Petronet LNG ended higher.
The BSE IT Index was at 4,095.73 down 1%. IT companies continue to hit 52 week lows; Infosys, TCS, Patni, Tech Mahindra, Hexaware hit 52 week low.
The NSE cash turnover was at Rs 19630.58 crore and the NSE F&O turnover was at Rs 67336.02 crore. The BSE cash turnover was Rs 7941.03 crore. Total market wide turnover was at Rs 94907.63 crore.

Source:moneycontrol.com

Markets Today

The markets showed smart recovery and ended the day with moderate losses outperforming its Asian peers. The markets have shown resilience despite some disappointing IIP numbers. The pullback was seen in the final hour of trade and Nifty ended above 5,600 levels and Sensex above 18,700 mark.
Sell off in equity markets was triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asia.
Sensex was down 170.33 points or 0.90% at 18737.27, and the Nifty down 46.15 points or 0.81% at 5617.10.
About 1171 shares have advanced, 1817 shares declined, and 77 shares are unchanged.
The BSE Midcap Index ended at 8,013.63 down 1%.
The BSE Smallcap Index ended at 756 down 1.4%.
The BSE Bankex was up 0.3% at 10,186.32. Bank of India, Union Bank, HDFC Bank, Centurion Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was down 0.2% at 19,624.60. Reliance Infra, Areva T&D, Bharat Bijlee, Thermax closed lower.
The BSE Auto Index closed at 5,109.95 down 2%. MRF, Tube Investment, Bharat Forge, Mah and Mah, Cummins closed lower.
The BSE Metal Index closed at 16,766.06 down 1%. Shree Precoated, Sterlite Ind, Hind Zinc, Mah Seamless closed lower.
The BSE FMCG Index closed at 2,057.01 up 2.5%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed at 11,369.24 down 2.3%. ONGC, GAIL, HPCL, Reliance Natura, Reliance Petro ended in red.
The BSE IT Index was down 3% at 4,135.14. Mphasis, Patni Computer, Tech Mahindra, Infosys, I-Flex Solution, TCS closed lower.
The NSE cash turnover was at Rs 17296.14 crore and the NSE F&O turnover was at Rs 56771.23 crore. The BSE cash turnover was Rs 6411.42 crore. Total market wide turnover was at Rs 80478.79 crore.

Markets Today

It was yet another disappointing day for the markets wherein the markets opened on extremely weak notes taking cues from the global markets. The credit concerns in the US market once again struck the global markets. It traded under pressure through the day amid volaitility.
All the key BSE indices were in red led by the banking, metal and realty indices. IT stocks continued to crumble today also and Infosys, Polaris hit the 52 week low in todays trade. The volume was realatively lower today and the market breadth remained negative through the day.
Sensex closed down 230.90 points or 1.20% at 19058.93, and the Nifty closed down 83.60 points or 1.45% at 5698.75. On BSE about 1236 shares have advanced, 1734 shares declined, and 94 shares are unchanged.
BSE Auto index closed at 5,229.11 down 66.28 or 1.25%. Amtek Auto, Bharat Forge and Escorts were top losers.
BSE bankex ended at 10,353.19 down 267.03 or 2.51%. SBI, HDFC Bank and ICICI bank were the top losers.
BSE capital goods index closed at 19,646.57 down 91.79 or 0.47%. Kirloskar Oil, Reliance Infra and Gammon India were the top losers.
BSE FMCG index closed at 2,010.85 up 0.63 points or 0.03%. Nestle, Colgate, HUL and Dabur India were the top gainers.
BSE IT index closed at 4,298.86 down 44.56 or 1.03%. I-Flex Solution, Mphasis and Financial Tech were top losers.
BSE metal index ended at 17,049.52 down 318.20 or 1.83%. Jindal Stee, Sterlite Inds and Hind Zinc were the top losers.
BSE oil & gas index closed at 11,593.75 down 94.43 or 0.81%. ONGC, Petronet LNG and Reliance were the top losers. BSE realty index closed at 10,077.92 down 213.17 or 2.07%. Unitech, Peninsular Land and Omaxe were top losers.

Turnover:
NSE cash: Rs 16839.79 cr
NSE F&O: Rs 54391.37 cr
BSE cash: Rs 6737.56 cr
Total: Rs 77968.72 cr

Market Snapshot:
Renewed jitters of subprime crisis lead markets to trade weak
Indian markets outperform its Asian peers
Sensex down 231 pts at 19058; manages to close over 19000
Nifty ends down 83.6 pts at 5698
CNX Midcap Index down 1.13%, BSE Small-cap Index down 1.23%
All BSE indices end in the red
BSE Metals Index down 1.7%; Sterlite Industries down 4.7%, SAIL down 2.8%; Nalco up over 15%, Hindalco up over 9%
BSE Bank Index down over 2.6%; HDFC Bank down 3.9%, PNB & ICICI Bank down over 2.5%
BSE Realty index down over 1.7%; Unitech down 4.2%, DLF down about 2%
Infosys hits 52 wk low on NSE; down 1.8%
Other IT stocks that hit a 52 wk low: I-flex, Patni, 3i Infotech, MindTree, Polaris, Subex Azure, North Gate
Some media stocks buzz; Broadcast Initiatives up 14%, Shringar Cinemas up 9%, Adlabs up 5.3%
NSE Advance Decline ratio continues at 1:2
Total market turnover at Rs 77968 cr Vs 87,780 cr yesterday
Non-index gainers: WWIL up 11%, Rel Cap up 9.6%, Everonn Systems up 8%, Essar Oil up 9.4%
Non-index losers: Nocil, NFL & FACT continue to fall; all down over 8%, Jindal Steel down 10%;

Source:moneycontrol.com

Markets Today

It was once again a day of consolidation on the bourses today where in the markets opened on bullish note taking strong cues from the global peers. The markets traded extremely volatile through the day and closed in red with significant cuts.
It was extremely bad for the IT stocks which got butchered on account of further strengthening of rupee and the banking and relaty stocks also lost some ground ground. However, the oil & gas, metal and capital good stocks were in focus today. BSE Oil & gas index closed with over 2% gain and Reliance Industries lead from the front.
The Sensex ended down 110.84 points or 0.57% at 19289.83, and the Nifty closed down 4.15 points or 0.07% at 5782.35. About 1180 shares have advanced, 1781 shares declined, and 102 shares are unchanged on BSE. On NSE 401 stocks advanced today and 786 stocks declined.
Top Sensex gainers were Reliance, BHEL, SBI and M&M. Top Sensex losers were Infosys, HDFC Bank, Satyam and ICICI Bank.
BSE midcap ended at 7,985.96 down 29.34 points or 0.37%. BSE smallcap closed at 9,695.13 down 107.90 points or 1.10%.
BSE auto index ended at 5,295.39 up 18.15 points or 0.34%. Amtek Auto, M&M and Maruti Suzuki were the top gainers in this counter.
BSE bankex ended at 10,620.22 down 166.29 points or 1.54%. HDFC Bank, Canara Bank and ICICI Bank were among the top losers in this space.
BSE capital goods index closed at 19,738.36 up 41.07 points or 0.21%. Triveni Eng, BHEL, Kirloskar were the top fliers in this space.
BSE FMCG index ended at 2,010.22 down 16.23 points or 0.80%. Marico, Bata India and HUL were the top losers.
BSE pharma index closed at 3,866.54 down 12.19 points or 0.31%. Panacea Biotech, Aurobindo Pharma, Novartis India and Divis Labs were the top losers.
BSE IT index ended at 4,343.42 down 197.27 points or 4.34%. Infosys, Tech mahindra and Mphasis were the top losers.
BSE metal index closed at 17,367.72 up 161.66 points or 0.94%. Sterlite, Jindal Saw and Sesa Goa were top gainers.
BSE oil & gas index ended at 11,688.18 up 298.97 points or 2.63%. GAIL, Reliance and HPCL were the top gainers.
BSE realty index closed at 10,291.09 down 109.99 points or 1.06%. Puravankara Project, Indiabulls Realestate, Sobha Developers were the top losers.

Market Snapshot

Market continue to witnesses volatile session with low turnover
Sensex down 110 pts at 19289; off nearly 400 pts from days high
Nifty ends almost flat at 5784; off nearly 80 pts from days high
CNX Midcap Index down 0.33%, BSE Small-cap Index down 1.1%
BSE IT Sector takes a severe beating after muted guidance from Cognizant; Index down 4.7%
Infosys down 5.7% at 1746; ends striking distance to its 52-week low of Rs 1715
Oil & Gas stocks buzz as crude oil futures hits $98/bbl for 1st time ever
BSE Oil & Gas Index up over 2.5%; RIL up 3.9%, DSPML says switch to RIL; GAIL up 6.4%
HPCL up 4.7%; on reports of issuance of further oil bond
Sterlite up 6.7% as board says to raise equity/debt via Sterlite Power
BSE Bank Index down 1.6%; HDFC Bank down 5.3%, ICICI down 3.3%
Allahabad HC may direct govt to reduce SAP on sugarcane: Srcs; Bajaj
Hindustan up 14%, Balrampur up 11.5%, Triveni up 7%
Fertilizer stocks see profit booking; Nagarjuna Fertilizer down 3%; NFL down 10%, FACT down 10%
NSE Advance Decline ratio weakening to 1:2 from 2:3 yesterday
Total market turnover at Rs 87780 cr Vs 1.16 lakh yesterday

F&O SNAPSHOT

Nifty witness some short covering during the day; nifty basis swings from 20 point premium to 17 point discount
Nifty futures add 14.6 lakh shares in OI
Nifty sheds OI in last hour of trade on account of profit booking
Sugar stocks witness huge long OI buildup
RPL and RNRL see volatile day of trade

Turnover today:
BSE cash - Rs 6839.5 cr
NSE cash - Rs 18263.03 cr
NSE f&o - Rs 62678.11 cr
Total - Rs 87780.64 cr

Source:moneycontrol.com

Markets Today

It was extremely volatile day of trade wherein the markets opened on firm note and proceeded to trade strong in the early trade. But it could not maintain the momentum and succumbed to profit booking seen across the sectors led by capital goods, banking and metal stocks. All the key BSE indices ended in red except realty index which could manage to keep its head above water.
Sensex ended down 190.11 points or 0.97% at 19400.67, and the Nifty closed down 60.80 points or 1.04% at 5786.50. On BSE about 1283 shares have advanced, 1694 shares declined, and 85 shares are unchanged. On NSE, the advance decline ratio was at 443:736. BSE Midcap ended down 60.51points or 0.75% at 7,986.58 and BSE smallcap was down 43.99 or 0.45% at 9,803.03.
BSE auto index ended at 5,277.24 down 51.45 points or 0.97%. MRF, Exide Inds, Amtek India and Escorts were the top losers.
BSE Bankex closed at 10,702.32 down 221.44 or 2.01%. Bank of Baroda, Centurion Bank, Bank of India and Axis Bank were the top losers. BSE Consumer Durables index was down at 5,169.76 down 19.22 or 0.37%. Gitanjali Gems, Titan Inds, Videocon, Rajesh Exports were among top losers.
BSE Capital Goods index ended at 19,697.29 down 354.99 or 1.77%. Punj Llyod, Reliance Infra, Siemens were the top losers.
BSE FMCG ended at 2,026.45 down 0.21 or 0.01%. Nestle, Marico, United Spirits, Tata Tea were top losers.
BSE pharma index closed at 3,878.73 down 0.38%. Matrix, Aventis, Divis Lab were top losers in this space.
BSE IT index ended at 4,540.69 down 26.44 or 0.58%. Tech Mahindra, I-Flex, Satyam, Patni were the top losers.
BSE metal index closed at 17,206.06 down 195.63 or 1.12%. Jindal Steel, Sesa Goa, Shree Precoated were the top losers.
BSE oil & gas index ended at 11,389.21 down 116.33 or 1.01%. Rel Petro, Reliance Natural and Petronet LNG were the top losers in this space.
BSE realty index closed at 10,401.08 up 52.75 or 0.51%. Mahindra Gesco, Indiabulls Realestate and DLF were the top gainers in the realty counter.

Market Snapshot
Market witnesses a choppy session; profit booking in late trade
Sensex down 190 pts at 19400; off over 500 pts from days high
Nifty down 61 pts at 5786; off 171 pts from days high
All BSE Sectoral Indices end in the red barring Realty Index which showed marginal gain
CNX Midcap Index down 0.6%, BSE Small-cap Index down 0.45%
Most buzzing stocks in FNO like RNRL, RPL, JP hydro sees profit booking;
Telecom stocks continue to slide; R Comm down 4.1%, MTNL down 2.7%, Bharti down 2.6%
Metal & oil & gas stocks continue to see selective action
GAIL up 7.2%, Hindalco up 4.4%, Nalco up 3.2%
Fertilizer stocks; Nocil up 10%, FACT up 10%, NFL up 10%, GSFC up 5.8%, Nagarjuna Fertilizer up 2.4%

NSE Advance Decline ratio at 2:3

Total market turnover at Rs 1.16 lakh cr Vs 1.09 lakh yesterday Turnover:
NSE cash - Rs 23737.41 cr
NSE F&O - Rs 82952.01 cr
BSE cash - Rs 9864.71 cr
Total - Rs 116554.13 cr

Markets Today

The markets ended in red on account of selling pressure in largecaps from bank, FMCG, IT and energy sector. Broader markets held out their gains and BSE midcap and smallcap outperformed the Sensex. The midcap index was up 1% and smallcap index is up 1.4%.
Cues from Asia were not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
Top gainers on the indices were Ranbaxy, Bharti Airtel, Cipla, SBI, NTPC, Tata Power, PNB and HPCL.
Noida Toll Bridge, Jaiprakash Hydro, RNRL, HMT are among the other gainers from broader markets.
Top losers on the indices were ONGC & ICICI Bank down over 4% each, HDFC Bank down 3%, Infosys and GlaxoSmithKline.
Sensex was down 385.45 points or 1.93% at 19590.78, and the Nifty down 85.10 points or 1.43% at 5847.30.
About 1569 shares have advanced, 1418 shares declined, and 75 shares are unchanged.
The BSE Smallcap Index ended at 9,847.02 down 1.1%.
The BSE Bankex was down 2% at 11,007.95. Union Bank, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, Bank of India moved downwards.
The BSE Capital Goods Index was down 2% at 20,052.28. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,328.69 down 2%. Bharat Forge, Maruti, Escorts, MRF, Cummins, Tata Motors, Bajaj Auto closed lower.
The BSE Metal Index closed at 17,401.69 down 2%. Hindalco, Shree Precoated, NALCO, Hind Zinc, Mah Seamless closed lower.
The BSE FMCG Index closed at 2,026.66 down 4%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed down 2% at 11,505.54. ONGC down 4.9%, RIL down 1.9% ended in red.
The BSE IT Index was down 1.5% at 4,567.13. Mphasis, Patni Computer, Tech Mahindra, I-Flex Solution, TCS closed lower.
The NSE cash turnover was at Rs 22771.1 crore and the NSE F&O turnover was at Rs 77646.90 crore. The BSE cash turnover was Rs 9008.86 crore. Total market wide turnover was at Rs 109426.86 crore.

Source:moneycontrol.com

Markets Today

The markets were seen consolidating at the higher levels and ended the day in red amid an extremely volatile session. The markets opened strong slipped in red, bounced back again but ended in red.

It opened today on strong note today and the Nifty breached the psychological level of 6,000 reacting to 25 bps cut by US Fed. But have failed to sustain at the higher levels. Sensex was 500 points down from the day's high and Nifty was down 150 points.

GSM operators in the telecom were the worst hit in todayĺs red on news of spectrum allocation to be made more stringent. Auto, FMCG and pharma stocks also dragged the markets.
Broader markets underperformed the benchmark indices and and ended in red. This gave markets weak breadth.
Top losers on the indices were Relaince, HUL, ITC, Bharti Airtel, MTNL, VSNL Nalco, HCL Tech .
L&T, HDFC Bank, ONGC, Sterlite Ind, Reliance Petroleum, Infosys were among the top gainers on the indices.
Sensex was down 113.64 points or 0.57% at 19724.35, and the Nifty down 34.20 points or 0.58% at 5866.45.
About 1089 shares have advanced, 1900 shares declined, and 71 shares are unchanged.
The BSE Midcap Index ended at 7,966.54 down 2%.
The BSE Smallcap Index ended at 9,646.61 down 1.5%.
The BSE Bankex was up 2% at 10,851.69. Bank of India, Oriental Bank, BOB, SBI, IOB, ICICI Bank, Bank of India moved upwards.
The BSE Capital Goods Index was up 2% at 20,141.19. L&T, Jyoti Structures, ABB, BHEL closed higher.
The BSE Auto Index closed at 5,391.37 down 2%. Bharat Forge, Maruti, Escorts, MRF, Cummins, Tata Motors, Bajaj Auto closed lower.
The BSE Metal Index closed at 17,582.54 down 2%. Hindalco, Shree Precoated, NALCO, Hind Zinc, Mah Seamless closed lower.
The BSE FMCG Index closed at 2,038.20 down 4%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed at 11,539.84 down 1%. Essar Oil, Reliance, HPCL, GAIL ended in red.
The BSE IT Index was flat at 4,615.44. Mphasis, Patni Computer, Tech Mahindra, I-Flex Solution, TCS closed lower.
The NSE cash turnover was at Rs 28448.79 crore and the NSE F&O turnover was at Rs 99734.01 crore. The BSE cash turnover was Rs 11436.95 crore. Total market wide turnover was at Rs 139619.75 crore.

Source:moneycontrol.com

Markets Today

The markets ended marginally in green off day's high ahead of the Fed meet announcement. Selective buying was seen in power, bank, real estate stocks. Action was seen in the midcap space as the index is up nearly 1% and the smallcap index is giving it good company up 1.5%.
Market is eyeing Fed's crucial decision on rate cut, anayst are expecting a 25 bps rate cut.
On the results front, Bharti's results beat street expectations as non mobile business has helped in the outperformance. However HUL came out with weak set of numbers.
Realty majors Unitech and DLF are trading in green on the back of good set of numbers
Reliance Energy, Ranbaxy, NTPC, Sterlite Ind, Bharti, Reliance Communication, Reliance, Tata Steel, SBI were among the top gainers on the indices.
Top losers on the Sensex are HUL, Grasim, BHEL, Tata Motors, TCS , HDFC Bank and Wipro.
Sensex was up 54.48 points or 0.28% at 19837.99, and the Nifty up 31.90 points or 0.54% at 5900.65.
About 1537 shares have advanced, 1435 shares declined, and 87 shares are unchanged.
The BSE Midcap Index ended at 8,135.21 up 1.1%.
The BSE Smallcap Index ended at 9,796.86 up 1.6%.
The BSE Bankex was up 1% at 10,655.33. Bank of Baroda, PNB, HDFC Bank, Canara Bank, ICICI Bank moved upwards.
The BSE Capital Goods Index was down 1% at 19,795.32. Reliance Infra, Kalpataru Power, Carborundum, Alfa Laval, Greaves Cotton closed lower.
The BSE Auto Index closed at 5,507.17 up 0.5%. Exide Industrie, MRF, Bharat Forge, Mah and Mah, Cummins closed higher.
The BSE Metal Index closed at 17,884.93 up 3.4%. Jindal Steel, Jindal Saw, Hind Zinc, JindalStainless, Sesa Goa closed higher.
The BSE FMCG Index closed down 1% at 2,126.59. HUL, United Spirits, United Brewerie, Godrej Consumer closed lower.
BSE Oil and Gas Index closed at 11,658.48 up 1.2%. Reliance Petro, Petronet LNG, Reliance Natura, IOC, ONGC, BPCL ended higher.
The BSE IT Index was at 4,618.72 down 0.6%. Patni Computer, Tech Mahindra, TCS, Wipro closed lower.
The NSE cash turnover was at Rs 22652.01 crore and the NSE F&O turnover was at Rs 71090.73 crore. The BSE cash turnover was Rs 10018.18 crore. Total market wide turnover was at Rs 103760.92 crore.
Source:moneycontrol.com

Markets Today

The markets ended in red after a sharp run up in the past few sessions. It was an important day as RBI announced the credit policy. According to experts, markets will be unaffected by the the new credit policy as the credit policy was largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps it has maintained the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel were trading strong. However, trading weak were PNB, M&M, TCS and Maruti Suzuki.
Sensex was down 194.16 points or 0.97% at 19783.51, and the Nifty down 37.15 points or 0.63% at 5868.75.
About 1217 shares have advanced, 1760 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 8,048.07 down 0.4%.
The BSE Smallcap Index ended at 9,644.44 down 0.6%.
The BSE Bankex was down 1% at 10,550.09. PNB, Kotak Mahindra, SBI, IOB, ICICI Bank, Andhra Bank moved downwards.
The BSE Capital Goods Index was up 1% at 20,006.57. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,479.89 down 3%. Maruti Suzuki, Mah and Mah, Tata Motors, Tube Investment, Punj Tractors closed lower.
The BSE Metal Index closed at 17,302.22 up 1%. Sesa Goa, Jindal Steel, Sterlite Ind, Hindalco, Hind Zinc closed lower.
The BSE FMCG Index closed at 2,146.87 down 1%. Britannia, ITC, P&G, Tata Tea,HUL closed lower
BSE Oil and Gas Index closed at 11,526.30 down 1%. BPCL, Reliance, ONGC ended in red.
The BSE IT Index was down 0.6% at 4,647.53. TCS, Iflex, Satyam, Infy ended in red.
The NSE cash turnover was at Rs 24611.60 crore and the NSE F&O turnover was at Rs 89601.31 crore. The BSE cash turnover was Rs 10948.83 crore. Total market wide turnover was at Rs 125161.74 crore.
Source:moneycontrol.com

Markets Today: Sensex Hits 20000

The bulls run the Indian markets have achieved another milestone with Sensex hitting the 20,000 mark. It was a solid 700 points rally on the Sensex and Nifty hit 5,900 levels scoring over a double century. It was third biggest single day absolute point fot the Sensex. Strength was seen coming from all quarters.
Cues from Asia and rest of the equity markets were robust which has helped in such a rally.Asia has ended in green with gains of 1%-3%. Hefty 14 points premium is seen in Nifty futures.
Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000.
L&T and ICICI Bank top contributors with 50% contribution of last 1000 points rally.
Large caps are the clear outperformers. L&T, BHEL, Reliance Petro, Siemens, HDFC, HDFC Bank were among the star performers.
Broader markets also participated in the uptrend both the midcap and smallcap indices each up nearly 2%.
On the corporate front, Maruti came out with numbers largely inline with street expectations. Capital goods, banking, metal and realty stocks were in focus. Market breadth is positive with impressive volume. All the key indices are trading in green. BSE capital good index has raced ahead and was up 7% followed by BSE metal, oil & gas and bankex each up over 3%.
Sensex was up 734.50 points or 3.82% at 19977.67, and the Nifty up 203.60 points or 3.57% at 5905.90.
About 1700 shares have advanced, 1288 shares declined, and 70 shares are unchanged.
L&T was up 10%, BHEL is up 7%, ONGC up 7%, HDFC Bank up 7%, RPL up 9%, Maruti up 5% were among the top performers on the indices.
The BSE Mid Cap Index closed at 8,082.54up 2%.
The BSE Smallcap Index ended at 9,705.20 up 1.6%.
BSE Metal Index was up 3%; Jindal Saw, Jindal Steel, Mah Seamless, SAIL, Sesa Goa, NALCO.
BSE Oil & Gas Index was up 5%; Reliance Natura, Reliance Petro, ONGC, Reliance, GAIL.
The BSE FMCG Index closed at 2,161.67 up 2%. United Spirits, Marico, Nestle, Godrej Consumer, Britannia, Tata Tea ended higher.
The BSE Capital Goods Index was up 7% at 19,847.66. Siemens, L&T,Alfa Laval, BHEL, Areva T&D, Punj Lloyd, Thermax were among top gainers.
The BSE Auto Index closed at 5,656.43 up 1%. MRF, Amtek Auto, Bharat Forge, Escorts, Tube Investment, Apollo Tyres were among the gainers.
The BSE IT Index closed at 4,674.65 up 0.8%. Mphasis, Wipro, Satyam, Financial Tech,Tech Mahindra ended higher.
The BSE Bankex was up 4% at 10,649.71. HDFC Bank, ICICI Bank,Yes Bank, PNB, Bank of India, Allahabad Bank closed higher. The NSE cash turnover was at Rs 21775.4 crore and the NSE F&O turnover was at Rs 69537.38 crore. The BSE cash turnover was Rs 8883.17 crore. Total market wide turnover was at Rs 100195.95 crore.
Source:moneycontrol.com

Markets Today

The markets ended in green on the triple witching day showing some smooth and healthy rollovers. It was a choppy start but has gradually moved ahead to end at higher levels. Cues from Asia were posiitive with most of the markets Asia ending in green. Metal stocks were the star performers of the day with Tata Steel, Hindalco, Nalco being among the top gainers.
Also ahead there is SEBI's decision on participatory notes. Capital goods, metals and oil & gas stocks were attracting attention. IT, FMCG and auto stocks were subdued today.
Midcap index ended inline with the frontline indices and was up over 1.3% and the smallcap index was up 1.4%.
Sensex was up 257.98 points or 1.39% at 18770.89, and the Nifty up 72.80 points or 1.32% at 5568.95.
About 1729 shares have advanced, 1247 shares declined, and 80 shares are unchanged.
BSE metal index is up over 4%, followed by auto, capital goods, oil & gas and bankex.
FMCG, IT and pharma indices were trading weak in the negative terrain.
Top gainers on the indices are Tata Steel, Nalco, ICICI Bank, Maruti Suzuki, Hindalco, Reliance Energy, VSNL, BHEL, SAIL and SBI.
Top losers on the indices were Cipla, HCL Tech, Dr Reddys Labs, ONGC and HDFC Bank.
The BSE Midcap Index ended at 7,750.93 up 1.3%.
The BSE Smallcap Index ended at 9,367.08 up 1.4%.
The BSE Bankex was up 3% at 9,924.11. Bank of Baroda, ICICI Bank, PNB, Kotak Mahindra, Canara Bank moved upwards.
The BSE Capital Goods Index was up 1.2% at 17,314.13. Areva T&D, Bharat Bijlee, Triveni Eng, Bharat Elec, Punj Lloyd closed higher.
The BSE Auto Index closed at 5,503.58 up 2%. Tube Investment, Amtek Auto, MRF, Bharat Forge, Apollo Tyres, Punj Tractors closed higher.
The BSE Metal Index closed at 16,424.52 up 4%. Tata Steel, Jindal Steel, Sterlite Ind, NALCO, Sesa Goa closed higher.
The BSE FMCG Index closed flat at 2,134.75. Godrej Consumer, HUL, Marico, GlaxoSmith Con, Britannia closed higher.
BSE Oil and Gas Index closed at 10,800.82 up 0.6%. Petronet LNG, BPCL, Reliance Petro, Reliance, GAIL ended higher.
The BSE IT Index was flat at 4,582.54. Satyam, Wipro, HCL Tech closed higher.
The NSE cash turnover was at Rs 23411.47 crore and the NSE F&O turnover was at Rs 103930.17 crore. The BSE cash turnover was Rs 8421.14 crore. Total market wide turnover was at Rs 135762.78 crore.

Source:moneycontrol.com

Markets Today

The market ended flat amid volatile trades ahead of the triple witching day. Buying was seen in energy, bank, metal and realty pivotals. IT, auto and select oil & gas stocks were witnessing selling pressure. Broader markets outperformed the benchmark indices to end higher.
BSE realty and metal index are up 2% followed by capital goods and banex up 1%. IT and oil & gas indices ended weak.
Top gainers on the indices are Reliance Energy up 8%,SBI up 5%, Suzlon Energy up 7%, Satyam & Tata Steel up nearly 2%.
Top losers on the indices are ONGC, M&M, Tata Motors, Hero Honda, GAIL, HUL and Dr Reddys Labs.
Sensex was up 20.07 points or 0.11% at 18512.91, and the Nifty up 22.45 points or 0.41% at 5496.15.
About 1693 shares have advanced, 1294 shares declined, and 67 shares are unchanged.
The BSE Midcap Index ended at 7,650.69 up 1.3%.
The BSE Smallcap Index ended at 9,242.38 up 1.2%.
The BSE Bankex was up 1% at 9,665.67. SBI, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, Bank of India moved upwards.
The BSE Capital Goods Index was up 2% at 17,112.32. Triveni Engg, Astra Microwave, Suzlon Energy, Thermax closed higher.
The BSE Auto Index closed at 5,404.26 down 1%. Hero Honda, Tata Motors, Tube Investment, Bajaj Auto, Mah and Mah closed lower.
The BSE Metal Index closed at 15,772.94 up 2.5%. JSW Steel, Sesa Goa, Shree Precoated, Jindal Saw, Mah Seamless, SAIL closed higher.
The BSE FMCG Index closed at 2,135.45 down 0.3%. GlaxoSmith Con, Britannia, Nestle, United Spirits, Dabur India closed higher.
BSE Oil and Gas Index closed flat at 10,736.91. ONGC, GAIL, BPCL ended in red.
The BSE IT Index was down 1% at 4,580.23. Infosys, TCS, Wipro, Tech Mahindra, Patni Computer closed down.
The NSE cash turnover was at Rs 19767.21 crore and the NSE F&O turnover was at Rs 107495.25 crore. The BSE cash turnover was Rs 7966.95 crore. Total market wide turnover was at Rs 135229.41 crore.

Markets Today

It was a dramatic and extremely important day for the markets as they hit the lower circuit stopped trading for an hour but showed remarkable recovery and ended off the lows. But the loss was fairly reasonable as compared to turmoil it saw in the opening trade. With more clarification in the statements by Sebi on Paticipatory Notes led to the recovery.
Sensex ended down over 300 points, recoverig 1400 points from the day's low.
IT stocks were the star performers and following the suit were power and capital goods that led the recovery.
Recovery was led by TCS, Reliance, Bharti Airtel, Hindalco, SAIL, Siemens, ABB, Satyam, Relaince and Infosys. Power stocks like Power Grid, PTC, Neyveli Lignite ended in green.
Top losers on the indices are ICICI Bank, HDFC, ACC, SBI, Reliance Energy.
Sensex was down 336.04 points or 1.76% at 18715.82, and the Nifty down 108.75 points or 1.92% at 5559.30.
About 1099 shares have advanced, 1885 shares declined, and 65 shares are unchanged.
The BSE Midcap Index ended at 7,600.94 down 2.3%.
The BSE Smallcap Index ended at 9,201.58 down 2%.
The BSE Bankex was down 4% at 9,607.61. SBI, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, Bank of India moved downwards.
The BSE Capital Goods Index was down 2% at 16,824.54. L&T, Suzlon Energy, Areva T&D, BHEL, Triveni Engg closed lower.
The BSE Auto Index closed at 5,476.00 down 2%. Escorts, MRF, Cummins, Tata Motors, Bajaj Auto closed lower.
The BSE Metal Index closed at 15,719.80 down 3%. Tata Steel, SAIL, Shree Precoated, Jindal Steel, Mah Seamless, Hindalco, JindalStainless closed lower.
The BSE FMCG Index closed at 2,100.38 down 2%. United Spirits, Bata India, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed at 10,961.30 down 0.3%. HPCL, IOC, Essar Oil ended in red.
The BSE IT Index was up 1% at 4,676.49. TCS up 2.5%, HCL Tech up 1.5%, Satyam, Infy up over 1%.
The NSE cash turnover was at Rs 24040.11 crore and the NSE F&O turnover was at Rs 98395.58 crore. The BSE cash turnover was Rs 10282.79 crore. Total market wide turnover was at Rs 132718.48 crore. In the NSE F & O segment turnover, previous high was Rs 1 lakh cr).

Source:moneycontrol.com

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 yet another strong session for the markets despite IT stocks bleeding on account of weak guidance from Infosys. Despite a deep cut in technology market ended on anew high as buying was seen in oil & gas, auto, capital goods and realty stocks.
Sensex closed near 18,800 levels and Nifty closed above 5500 mark for the first time ever. IT & sugar stocks were sulking but rest of the markets continued to party with buying in scrips across sectors. Rest of the Asia also ended higher.
Buying is seen in on all dips which has helped markets to stay at the higher levels. Capital good stocks were trading firm with BHEL & L&T as top gainers followed by auto and realty stocks.
Selling pressure was seen in IT stocks as the markets have given thumbs down to Infosys second quarter numbers. The rupee is trading flat at 39.31 against the dollar. Infosys saw Q2 growth in rupee terms at 8.8%; dollar terms 10.1% in Q2.
Telecom stocks VSNL up 7%, MTNL up 6%, Reliance Communication was up over 3%. Metal stocks continue to attract buying Sterlite Ind was up 6% and Tata Steel is up 2%.
Sensex was up 155.82 points or 0.84% at 18814.07, and the Nifty up 83.40 points or 1.53% at 5524.85.
About 1477 shares have advanced, 1484 shares declined, and 84 shares are unchanged.
The BSE Small Cap Index closed at 9,120.38 up 1.1%.
The BSE Midcap Index ended at 7,590.60 up 1.4%.
The BSE FMCG Index closed at 2,183.79 up 2%. Bata India, GlaxoSmith Con, United Brewerie, ITC, United Spirits were among the gainers.
The BSE Metal Index closed at 14,832.64 up 3%. Jindal Steel, Sterlite Ind, Shree Precoated, Hindalco, SAIL, JSW Steel were among the gainers.
The BSE Capital Goods Index was up 3% at 17,088.00. AIA Engineering, Punj Lloyd, Reliance Infra, Alstom Projects, Gammon India, Areva T&D up over 5% each.
The BSE Auto Index closed at 5,603.85 up 3%. MRF, Mah and Mah, Exide Industrie, Escorts, Hind Motors were among the gainers.
The BSE IT Index closed at 4,766.72 down 5.6%. Tech Mahindra, Mphasis, HCL Tech, Satyam ended higher.
The BSE Bankex was up 2% at 9,570.79. Bank of India, Federal Bank, HDFC Bank, Bank of Baroda, ICICI Bank closed higher.
The BSE Oil and Gas Index closed at 10,725.65 up 2%. ONGC, Essar Oil, GAIL, Reliance Petro, Reliance Natura closed in green.
The NSE cash turnover was at Rs 15830.27 crore and the NSE F&O turnover was at Rs 72261.05 crore. The BSE cash turnover was Rs 10543.80 crore. Total market wide turnover was at Rs 98635.12 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