May 13th: Sensex sheds 108 points as oil stocks plummet...

The sharp fall in key oil company stocks, led by refinery major Reliance Industries (RIL), saw the domestic benchmark indices close the day on a low note. The RIL stock fell by 2.08 per cent to close at Rs 2,501.

Oil exploration heavyweights witnessed a correction as soaring crude prices took a pause after the recent rally. Strong rumours that the CPI (M) was withdrawing its support to the Congress-led UPA government too took its toll on the markets during the final hour of the trading session.

Later, however, the CPI (M) scotched the rumours by saying that the alliance was intact. The 30-share Sensex of the Bombay Stock Exchange (BSE) fell by 108 points or 0.64 per cent to close at 16,752.

The broader index CNX S&P Nifty of the National Stock Exchange (NSE) was down 1.09 per cent or 55 points at 4,957. The BSE Oil & Gas index fell by 2.56 per cent.

"Markets are likely to witness some downside as inflation and rising crude prices are major concerns. The depreciating rupee too is adding fuel to the fire," said Anita Gandhi, head of institutional business at Arihant Capital Services Ltd.

Sensex recovers smartly to end 124pts up

The Sensex opened with a negative gap of 96 points at 16,641. The index fell further in the next few minutes, but there was recovery by noon. However, these gains could not be sustained and the market fell again, losing 191 points from the previous close. However, a late recovery helped the Sensex end with a gain of 124 points to 16,861.



The index touched a low of 16,547 - down 190 points from the previous close. The Sensex finally ended with a gain of 124 points at 16,861.


The breadth was negative. Out of 2,747 stocks traded today - 1,768 declined, 926 advanced and the rest were unchanged.


The NSE Nifty closed 30 points higher at 5,013.


INDEX MOVERS...


Ranbaxy was the big gainer; it was up 5.3% to Rs 494. Satyam gained 3.4% to Rs 490. ITC was up 2.5% to Rs 224, while HDFC and Reliance Communications gained 2% each to Rs 2,699 and Rs 550 respectively.


Reliance Energy gained 1.9% to Rs 1,357, Bhel was up 1.4% to Rs 1,748 and Wipro advanced 1.3% to Rs 508. Infosys, HDFC Bank, Ambuja Cements, Cipla, TCS and Reliance Industries gained over 1% each.


Other gainers included Hindalco, Maruti, ICICI Bank and NTPC.


...AND THE SHAKERS


Grasim was the big loser, down 3.6% to Rs 2,256. Jaiprakash Associates declined nearly 2% to Rs 246, while ACC was down 1.45% TO Rs 702.


DLF and Hindustan Unilever lost over 1.3% to Rs 622 and Rs 242 respectively. SBI, M&M, Bharti, Tata Steel, Tata Motors and L&T lost under 1% each.


MOST ACTIVE COUNTERS


Reliance Petroleum led the value chart with a turnover of Rs 316.97 crore followed by Cairn India (Rs 260.68 crore), Reliance Capital (Rs 258.47 crore), Reliance Industries (Rs 214.02 crore) and Reliance Natural Resources (Rs 182.1 crore).


Reliance Petroleum also topped the volume chart with trades of around 1.79 crore shares followed by Reliance Natural Resources (1.75 crore), IFCI (1.34 crore), Cairn (89.5 lakh) and Essar Oil (63.77 lakh).

May 9th: Dow slips 121pts; ADRs mixed

Wall Street ended lower on Friday, May 9. The Dow Jones industrial average shed 121 points to 12,746. The Nasdaq was down six points to 2,446.


Indian ADRs ended on mixed note. Satyam surged 1.68% to $26, and Patni advanced 1.26% to $12.81. Wipro added nearly 1% to $12.99.


On the other hand, Sterlite plunged 2.53% to $20.40. HDFC Bank slumped 2.3% to $106.87. ICICI Bank, MTNL and Tata Motors slipped around 1.3% each at $42.48, $5 and $15.96, respectively. Genpact was down nearly 1% to $13.3.

May 9th: Sensex ends down 344pts; Reliance drops 5%

The Sensex opened 60 points lower at 17,021, and soon slipped below the 17,000-mark to 16,975. Selective buying in morning trades saw the index rebound into positive zone and touch a high of 17,126.


The index, however, slipped back into red owing to lack of buying support at higher levels. The selling gain momentum in late noon trades and the index tumbled to a low of 16,679 - down 447 points from the high.


The Sensex finally ended with a loss of 344 points at 16,737.


Losers beat gainers in 3:1 ratio, i.e for every advancing share there were three declining stocks - out of 2,784 stocks traded, 2,017 declined, and 706 advanced today.


The NSE Nifty closed points 99 lower at 4,983.


INDEX SHAKERS...


Jaiprakash Associates tumbled 6.6% to Rs 251. Reliance plunged over 5% to Rs 2,528.


Reliance Energy and ACC declined 4.5% each to Rs 1,332 and Rs 712, respectively.


HDFC Bank and Hindalco dropped 3.7% to Rs 1451 and Rs 174, respectively.


SBI, Cipla, HDFC and TCS slipped around 3% each to Rs 1,676, Rs 206, Rs 2,645 and 917, respectively.


DLF, BHEL and ICICI Bank shed 2% each at Rs 630, 1,725 and 874, respectively.


Larsen & Toubro, Ambuja Cements and Infosys declined 1.7% each to Rs 2,836, Rs 110 and Rs 1,751, respectively.


...AND THE MOVERS


Bharti Airtel gained 1.8% at Rs 842, and ITC advanced 1.5% to Rs 218.


Wipro was the other prominent gainer at Rs 501 - up 0.8%.


MOST ACTIVE COUNTERS


Aishwarya Telecom led the value chart with a turnover of Rs 502.00 crore followed by Reliance Petroleum (Rs 291.21 crore), Reliance Capital (Rs 283.57 crore), Reliance (Rs 268.66 crore) and IFCI (Rs 173 crore).


Aishwarya Telecom, also, topped the volume chart with trades of around 5.38 crore shares followed by IFCI (2.81 crore), Ispat Industries (1.57 crore), Reliance Petroleum (1.55 crore) and Reliance Natural Resources (1.21 crore).

Sensex ends down 258pts; ITC sheds 5%

The Sensex opened with a negative gap of 127 points at 17,212. Unabated selling pressure in the market, owing to weak global cues, saw the index drift deeper into red as the day progressed.


The index touched a low of 17, 038 - down 301 points from the previous close. The Sensex finally ended with a loss of 258 points at 17,081.


Out of 2,746 stocks traded today - 1,592 declined, 1,104 advanced and the rest were unchanged.


The NSE Nifty closed 54 points lower at 5,082.


INDEX SHAKERS...


ITC plunged over 5% to Rs 215, and Satyam Computers slumped 3.7% to Rs 471.


Infosys and Larsen & Toubro tumbled nearly 3.5% each to Rs 1,780 and Rs 2,886, respectively.


ICICI Bank and Reliance Energy dropped 3% each to Rs 891 and Rs 1,394, respectively.


TCS, HDFC Bank, SBI and Jaiprakash Associates slipped over 2% each to Rs 944, Rs 1,508, Rs 1,730 and Rs 269, respectively.


Tata Motors and Cipla shed 1.5% each at Rs 669 and Rs 212, respectively.


BHEL, DLF and ONGC were down over 1% each.


...AND THE MOVERS


Tata Steel surged 2.5% to Rs 846. Bharti Airtel added 1.5% to Rs 828.


ACC, Ranbaxy and Mahindra & Mahindra were the other major gainers.


MOST ACTIVE COUNTERS


Aishwarya Telecom led the value chart with a turnover of Rs 722.20 crore followed by Reliance Power (Rs 250.34 crore), Reliance Capital (Rs 171.69 crore), Tata Steel (Rs 160.78 crore) and Cairn India (Rs 155.38 crore).


Aishwarya Telecom, also, topped the volume chart with trades of around 7.71 crore shares followed by IFCI (1.42 crore), Ispat Industries (1.14 crore), Kashyap Technology (87.10 lakh) and Reliance Natural Resources (83.40 lakh).

Sensex down 34pts at 17,339; Bhel 4% lower

The Sensex opened 31 points higher at 17,404. Though it went a bit higher to 17,414, the higher levels could not be sustained. The index slipped into the negative zone, losing 143 points.


The Sensex recovered partially and finally ended with a loss of 34 points at 17,339.


The market breadth was decidedly negative - out of 2,764 stocks traded, 1,526 declined, 1,175 advanced and 63 were unchanged today.


The NSE Nifty shed 8 points to end at 5,135.50.


INDEX SHAKERS...


Bhel was the biggest Sensex loser, declining 4.12% to Rs 1,783.75.


Bharti Airtel declined 3.64% to Rs 815.80.


DLF and Larsen & Toubro tumbled around 2.5% and 2.4% to Rs 651 and Rs 2,986, respectively.


Ranbaxy slipped 1.8% at Rs 466. Satyam was down 1.5% to Rs 489, while Hindalco declined 1.15% to Rs 180. ICICI Bank was 1% lower at Rs 919 and Grasim was down 0.86% to Rs 2,337.


NTPC and Cipla were both down 0.65% each to Rs 195 and Rs 214.


...AND THE MOVERS


TCS was the biggest gainer in the index, up 3% at Rs 966. Mahindra & Mahindra gained 1.5% to Rs 674 and Infosys was up 1.25% to Rs 1,843.


Hindustan Unilever, Jaiprakash Associates, Tata Steel, Reliance Industries, and Maruti gained over 1% each.


VALUE & VOLUME TOPPERS


Reliance Capital topped the value chart with a turnover of Rs 240.15 crore followed by Idea Cellular (Rs 205.60 crore), Cairn (Rs 204.46 crore), Bharti (Rs 172.07 crore) and Tata Steel (Rs 167.23 crore).


Idea Cellular led the volume chart with trades of around 2.04 crore shares followed by Reliance Natural Resources (1.02 crore), Cairn (0.74 crore), Reliance Petroleum (0.63 crore) and Essar Oil (0.35 crore).

Sensex ends down 118pts; Bharti, DLF slip 5%

The Sensex opened 49 points lower at 17,441. Some buying in opening trades saw the index spurt to a high of 17,502. The index, however, could not hold gains and soon slipped back into the negative zone.


Unabated selling in the market saw the index tumble to a low of 17,238 - down 264 points from the day's high. The Sensex recovered partially and finally ended with a loss of 118 points at 17,373.


The market breadth was fairly negative - out of 2,753 stocks traded, 1,711 declined, 975 advanced and 67 were unchanged today.


The NSE Nifty shed 48 points to end at 5,145.


INDEX SHAKERS...


Bharti Airtel and DLF slumped 5.3% each to Rs 847 and Rs 668, respectively.


Jaiprakash Associates and Reliance Energy tumbled around 5% each to Rs 272 and Rs 1,442, respectively.


BHEL has plunged 2.5% at Rs 1,860. Larsen & Toubro, Maruti and ACC slipped over 2% each to Rs 3,061, Rs 767 and Rs 741, respectively.


Mahindra & Mahindra and Reliance Communications dropped 2% each to Rs 664 and Rs 543, respectively.


SBI and NTPC declined 1.3% each to Rs 1,756 and Rs 196, respectively. Grasim was, also, down over 1% at Rs 2,357.


...AND THE MOVERS


Satyam and ITC surged 2% each to Rs 497 and Rs 225, respectively.


Infosys, Tata Steel and Wipro moved up 1.8% each to Rs 1,820, Rs 816 and Rs 498, respectively.


TCS gained 1.5% at Rs 938.


VALUE & VOLUME TOPPERS


Titagarh Wagons topped the value chart with a turnover of Rs 263.30 crore followed by Reliance Capital (Rs 236.40 crore), Reliance Natural Resources (Rs 210.90 crore), Reliance Petroleum (Rs 204.40 crore) and Bharti Airtel (Rs 174 crore).


Reliance Natural Resources led the volume chart with trades of around 1.75 crore shares followed by IFCI (1.73 crore), Ispat Industries (1.51 crore), Tata Teleservices (1.19 crore) and Reliance Petroleum (1.02 crore).

Sensex ends down 109pts; HDFC, SBI slip

The Sensex opened with a positive gap of 87 points at 17,687. Fresh buying in late morning deals saw the index move up to a high of 17,736 - up 136 points from the previous close.



The index, however, could not hold gains and slipped into the negative zone. The index dropped to a low of 17,457 - down 279 points from the day's high in late noon deals. The Sensex finally ended with a loss of 109 points at 17,491.


The market breadth was fairly positive - out of 2,776 stocks traded, 1,634 advanced, 1,104 declined and 38 were unchanged today.


The NSE Nifty slipped 36 points and settled at 5,192.


INDEX SHAKERS...


Wipro, SBI and HDFC plunged nearly 2.5% each to Rs 490, Rs 1,779 and Rs 2,710, respectively.


DLF slipped over 2% to Rs 705. Mahindra & Mahindra and TCS shed 1.8% each at Rs 678 and Rs 924, respectively.


Ambuja Cements dropped 1.5% to Rs 111. Satyam, Hindalco and Reliance Communications declined 1.3% each to Rs 488, Rs 183 and Rs 554, respectively.


NTPC was down over 1% at Rs 199.


...AND THE MOVERS


Cipla gained nearly 1.5% at Rs 216.


Tata Steel, Grasim and ACC were the other gainers among the index stocks.


MOST ACTIVE COUNTERS


Titagarh Wagons topped the value chart with a turnover of Rs 225 crore followed by HDFC (Rs 198.50 crore), Reliance (Rs 197.25 crore), Unitech (Rs 167 crore), Jaiprakash Associates (Rs 154.80 crore).


Tata Teleservices led the volume chart with trades of around 1.86 crore shares followed by Kashyap Technologies (1.47 crore), Ispat Industries (1.40 crore), IFCI (1.23 crore) and Reliance Natural Resources (1.09 crore).