The Sensex opened in the red at 16,772, mirroring negative global cues. Follow-up selling saw the index slip to a low of 16,636 - down 150 points from the previous close.
However, fresh buying in mid-noon trades saw the index jump into the positive zone. Cues from European markets helped the markets rebound. The buying momentum was so strong that the index rallied past the 17,000-mark to a high of 17,042 - up 406 points from the day's low.
The Sensex finally ended at 17,021, up 236 points. Reliance Industries contributed the maximum, (47 points) followed by HDFC (24 points) and SBI (21 points).
The NSE Nifty ended at 5,052, up 64 points.
Among the sectoral indices, barring consumer durables all the index ended in the positive. The Bankex index led the upmove, up 2% at 10,253. It was followed by oil & gas and maetal indices, up 1.5% each.
The consumer durables on the other hand was down 1% at 3,484.
INDEX MOVERS...
ACC soared 4.5% at Rs 766 and Hindalco advanced 3.5% to Rs 134. Jaiprakash Associates, Tata Steel, HDFC, Mahindra & Mahindra and SBI added over 2.5% each to Rs 233, Rs 551, Rs 2,819, Rs 1,040 and Rs 2,336, respectively.
DLF, HDFC Bank, Reliance, Grasim, TCS, Sun Pharma, Sterlite and ITC increased 1.5-2.5% each.
...AND THE SHAKERS
Bharti Airtel on the other hand was among the top loser down 1.5% at Rs 289. Reliance Infrastrcuture, Maruti, BHEL and Tata Power were some of the other marginal losers on the BSE.
The market breadth tunred positive at close - out of 2,787 shares traded, 1,462 advanced, 1,226 declined on the BSE.
VALUE & VOLUME TOPPERS
HDIL topped the value chart on the BSE with a turnover of Rs 210.48 crore. It was followed by Suzlon (Rs 207.14 crore), JSW Steel (Rs 196.98 crore), SBI (Rs 180.15 crore) and Reliance (Rs 158.13 crore).
Cals Refineries led the volume chart with trades of 50.87 million shares. It was followed by Suzlon (28.16 million), Unitech (13.04 million), Dena Bank (9.46 million) and Mahindra Satyam (8.85 million) shares on the BSE
Friday, November 20, 2009
Wednesday, November 18, 2009
FIIs net buy Rs 412cr, DIIs net sell Rs 257cr
Foreign institutional investors (FIIs) were net buyers of Rs 412.13 crore (provisional) today, according to data released by BSE.
While FIIs made gross purchases of Rs 2,597.45 crore, gross sales totalled Rs 2,185.32 crore.
Domestic institutional investors (DIIs) were net sellers of Rs 256.73 crore today. While DIIs made gross purchases of Rs 1,091.23 crore, gross sales totalled Rs 1,347.96 crore.
FIIs were also net buyers of Rs 593.70 crore on Tuesday, November 17, according to data released by Sebi today. While FIIs made gross purchases of Rs 2,379.40 crore, gross sales totalled Rs 1,785.60 crore.
Mutual funds (MFs) were net sellers of Rs 308.40 crore on Tuesday. MFs made purchases of Rs 458.70 crore and sales of Rs 767.10 crore.
While FIIs made gross purchases of Rs 2,597.45 crore, gross sales totalled Rs 2,185.32 crore.
Domestic institutional investors (DIIs) were net sellers of Rs 256.73 crore today. While DIIs made gross purchases of Rs 1,091.23 crore, gross sales totalled Rs 1,347.96 crore.
FIIs were also net buyers of Rs 593.70 crore on Tuesday, November 17, according to data released by Sebi today. While FIIs made gross purchases of Rs 2,379.40 crore, gross sales totalled Rs 1,785.60 crore.
Mutual funds (MFs) were net sellers of Rs 308.40 crore on Tuesday. MFs made purchases of Rs 458.70 crore and sales of Rs 767.10 crore.
Friday, November 13, 2009
Sensex ignores global cues, gains 1%
After an initial slide, the Sensex turned volatile on the back of weak cues from Asian markets. The index then gained strength and touched a high of 16,910 - up 243 points from the day's low of 16,667.
The Sensex finally ended with a gain of 153 points (1%) at 16,849.
Asian markets ended flat with the Nikkei slipping 34 points. US markets had also edged lower on energy shares.
The Centre for Monitoring Indian Economies' (CMIE) upgraded view of India's GDP (from 6% to 6.2%) helped the NSE Nifty to cross the 5,000 mark again. However, the index slipped from the day's high to end at 4,999 - up 46 points.
The BSE market breadth turned neutral towards the end. Out of 2,827 stocks traded 1,378 advanced while 1,349 declined.
All indices ened in the green, barring realty and consumer durables. The BSE metal, IT and auto indices were up 1.5% each. The oil & gas index added 1% in trades today.
INDEX MOVERS...
Hero Honda was the best performer and surged 4% to Rs 1,579. Maruti Suzuki also pushed up 4% to Rs 1,480.
IT stocks were the biggest contributors with Infosys gaining 1.5% to Rs 2,359 and TCS moving up 2.5% at Rs 670. Wipro also edged up 1.2% to Rs 633.
ONGC added 3% to Rs 1,184 on hopes of a rise in gas prices by the government. Index heavy-weight, ICICI Bank advanced 1.6% to Rs 909.
Other gainers in the market today included Tata Steel, Hindustan Unilever, Hindalco, Reliance Infastructure and Grasim.
...AND THE SHAKERS
Jaiprakash Associates was the big loser in the benchmark today. The stock slid 2% to Rs 232.
VALUE & VOLUME TOPPERS...
Mahindra Satyam topped the value chart with a turnover of Rs 521.03 crore on the BSE. It was followed by Reliance (149.12 crore), DLF (Rs 144.20 crore), JSW Steel (Rs 122.24 crore) and SBI (Rs 119.86 crore).
Mahindra Satyam also leads the volume chart with trades of 46.50 million shares. It is followed by Cals Refineries (16.10 million), Wire & Wireless India (15.50 million), Suzlon Energy (12.76 million) and Unitech (9.19 million) shares on the BSE.
The Sensex finally ended with a gain of 153 points (1%) at 16,849.
Asian markets ended flat with the Nikkei slipping 34 points. US markets had also edged lower on energy shares.
The Centre for Monitoring Indian Economies' (CMIE) upgraded view of India's GDP (from 6% to 6.2%) helped the NSE Nifty to cross the 5,000 mark again. However, the index slipped from the day's high to end at 4,999 - up 46 points.
The BSE market breadth turned neutral towards the end. Out of 2,827 stocks traded 1,378 advanced while 1,349 declined.
All indices ened in the green, barring realty and consumer durables. The BSE metal, IT and auto indices were up 1.5% each. The oil & gas index added 1% in trades today.
INDEX MOVERS...
Hero Honda was the best performer and surged 4% to Rs 1,579. Maruti Suzuki also pushed up 4% to Rs 1,480.
IT stocks were the biggest contributors with Infosys gaining 1.5% to Rs 2,359 and TCS moving up 2.5% at Rs 670. Wipro also edged up 1.2% to Rs 633.
ONGC added 3% to Rs 1,184 on hopes of a rise in gas prices by the government. Index heavy-weight, ICICI Bank advanced 1.6% to Rs 909.
Other gainers in the market today included Tata Steel, Hindustan Unilever, Hindalco, Reliance Infastructure and Grasim.
...AND THE SHAKERS
Jaiprakash Associates was the big loser in the benchmark today. The stock slid 2% to Rs 232.
VALUE & VOLUME TOPPERS...
Mahindra Satyam topped the value chart with a turnover of Rs 521.03 crore on the BSE. It was followed by Reliance (149.12 crore), DLF (Rs 144.20 crore), JSW Steel (Rs 122.24 crore) and SBI (Rs 119.86 crore).
Mahindra Satyam also leads the volume chart with trades of 46.50 million shares. It is followed by Cals Refineries (16.10 million), Wire & Wireless India (15.50 million), Suzlon Energy (12.76 million) and Unitech (9.19 million) shares on the BSE.
Thursday, November 12, 2009
Markets ignore IIP data, end in red
The markets opened on a flat note today and slipped into red almost immediately. Strong IIP numbers helped the index rebound into the green to touch a high of 16,897. The market, thereafter, turned volatile on the back of global cues, ignoring the earlier gains.
Industrial growth continued its upward march with factory production rising 9.1 per cent in September against 6 per cent in the same period last year.
However, profit taking in the late-noon session saw the index slumping once again into the red and tumble to a low of 16,605 - down 292 points from the day's high.
The Sensex recovered marginally towards the close and ended off the day's low at 16,696 - down 154 points.
The Nifty ended down 51 points at 4,953 - slipping once again below the 5,000 mark which it had crossed yesterday.
The market breadth was marginally negative. Out of 2,806 stocks traded 1,516 declined while 1,201 advanced.
INDEX SHAKERS...
Banking and metal stocks were the major draggers, accounting for more than half the loss of the Sensex.
ICICI Bank and SBI together were responsible for a loss of over 70 points in the benchmark index. The stocks dropped 3.4% each to Rs 895 and Rs 2,296, respectively. HDFC Bank slipped 1% to Rs 1,715.
Metal stocks were the other big loser. Tata Steel and Sterlite dropped 2.5% each to Rs 512 and Rs 837, respectively. Hindalco was down 2% at Rs 129.
DLF declined 3.5% to Rs 371. HDFC, Jaiprakash Associates, Maruti Suzuki, reliance Infrastructure and ITC shed 1-2% each.
...AND THE MOVERS
IT stocks were the only major gainers in the market today following a string of acquisitions by the major companies. Wipro and TCS gained 1.5% at Rs 625 and Rs 654, respectively. Infosys was flat at Rs 2,323.
Reliance Communications advanced 2% to Rs 175.
VALUE & VOLUME TOPPERS...
Indiabulls Realestate topped the value chart on the BSE with a turnover of Rs 1,648.30 crore, followed by Educomp Solutions (Rs 225.78 crore), DLF (Rs 211.65 crore), Reliance (Rs 185.92 crore) and HDIL (Rs 163.62 crore).
The volume chart was led by Indiabulls Real Estate with trades of over 68 million shares, followed by Suzlon (20.15 million), Mahindra Satyam (13.28 million), First Source (11.74 million) and Unitech (10.72 million).
Industrial growth continued its upward march with factory production rising 9.1 per cent in September against 6 per cent in the same period last year.
However, profit taking in the late-noon session saw the index slumping once again into the red and tumble to a low of 16,605 - down 292 points from the day's high.
The Sensex recovered marginally towards the close and ended off the day's low at 16,696 - down 154 points.
The Nifty ended down 51 points at 4,953 - slipping once again below the 5,000 mark which it had crossed yesterday.
The market breadth was marginally negative. Out of 2,806 stocks traded 1,516 declined while 1,201 advanced.
INDEX SHAKERS...
Banking and metal stocks were the major draggers, accounting for more than half the loss of the Sensex.
ICICI Bank and SBI together were responsible for a loss of over 70 points in the benchmark index. The stocks dropped 3.4% each to Rs 895 and Rs 2,296, respectively. HDFC Bank slipped 1% to Rs 1,715.
Metal stocks were the other big loser. Tata Steel and Sterlite dropped 2.5% each to Rs 512 and Rs 837, respectively. Hindalco was down 2% at Rs 129.
DLF declined 3.5% to Rs 371. HDFC, Jaiprakash Associates, Maruti Suzuki, reliance Infrastructure and ITC shed 1-2% each.
...AND THE MOVERS
IT stocks were the only major gainers in the market today following a string of acquisitions by the major companies. Wipro and TCS gained 1.5% at Rs 625 and Rs 654, respectively. Infosys was flat at Rs 2,323.
Reliance Communications advanced 2% to Rs 175.
VALUE & VOLUME TOPPERS...
Indiabulls Realestate topped the value chart on the BSE with a turnover of Rs 1,648.30 crore, followed by Educomp Solutions (Rs 225.78 crore), DLF (Rs 211.65 crore), Reliance (Rs 185.92 crore) and HDIL (Rs 163.62 crore).
The volume chart was led by Indiabulls Real Estate with trades of over 68 million shares, followed by Suzlon (20.15 million), Mahindra Satyam (13.28 million), First Source (11.74 million) and Unitech (10.72 million).
Monday, November 9, 2009
World stock markets get G-20 boost...
World stock markets rose today after the Group of 20 leading rich and developing countries agreed to maintain their stimulus measures in the wake of weak U.S. employment figures.
Sunday, November 8, 2009
Wkly Tech Analysis: Nifty may move in 4,640-4,900 band
In a week marked by high volatility, markets corrected sharply only to bounce back with greater strength. Although, markets have bounced back sharply, chances of a full recovery look remote currently. Going forward, one needs to watch the 15,530-15,640 zone for the Sensex as crucial for the current upmove to remain intact. As and when it comes below this level, the index is likely to test its long-term support of 14,800.
The BSE benchmark index tumbled to a low of 15,331 at the start of the week. Thereafter, the index rallied to a high of 16,284 — a sharp recovery of 953 points. It finally ended the week with a gain of 262 points at 16,158.
Among the index stocks, Bharti Airtel zoomed 9.5 per cent to Rs 320, and Jaiprakash Associates soared 8.5 per cent to Rs 228. ICICI Bank, Tata Steel, Mahindra & Mahindra, Maruti and Sterlite were the other major gainers. On the other hand, Tata Power slipped over 5 per cent to Rs 1,343. ACC, Hindustan Unilever, ITC and Hero Honda were the other prominent losers.
The near-term support and resistance for the index is at 15,900 and 16,500, respectively. Positive news flow on the disinvestment and economic front is likely to act as boosters. However, the global cues will continue to have a dominant effect on markets in the short term. The NSE Nifty moved in a range of 298 points, from a low of 4,539, the index surged to a high of 4,836, before settling with a gain of 84 points at 4,796.
The Nifty is likely to find considerable support around 4,640 and resistance around 4,900. Technically, the short-term trend is still bearish as the index hovers below its short-term (20-day) and mid-term (50-day) moving averages which are currently at 4,885 and 4,928, respectively.
The Nifty’s low of 4,539 last week seems to be a perfect support on the monthly and yearly charts. Hence, the probability of the index breaking slipping this level may become slim once the index firms up above the 4,900 level. 4,525 is the crucial support for the Nifty on the monthly and yearly chart, after which the index may drop to the 3,900 level.
The BSE benchmark index tumbled to a low of 15,331 at the start of the week. Thereafter, the index rallied to a high of 16,284 — a sharp recovery of 953 points. It finally ended the week with a gain of 262 points at 16,158.
Among the index stocks, Bharti Airtel zoomed 9.5 per cent to Rs 320, and Jaiprakash Associates soared 8.5 per cent to Rs 228. ICICI Bank, Tata Steel, Mahindra & Mahindra, Maruti and Sterlite were the other major gainers. On the other hand, Tata Power slipped over 5 per cent to Rs 1,343. ACC, Hindustan Unilever, ITC and Hero Honda were the other prominent losers.
The near-term support and resistance for the index is at 15,900 and 16,500, respectively. Positive news flow on the disinvestment and economic front is likely to act as boosters. However, the global cues will continue to have a dominant effect on markets in the short term. The NSE Nifty moved in a range of 298 points, from a low of 4,539, the index surged to a high of 4,836, before settling with a gain of 84 points at 4,796.
The Nifty is likely to find considerable support around 4,640 and resistance around 4,900. Technically, the short-term trend is still bearish as the index hovers below its short-term (20-day) and mid-term (50-day) moving averages which are currently at 4,885 and 4,928, respectively.
The Nifty’s low of 4,539 last week seems to be a perfect support on the monthly and yearly charts. Hence, the probability of the index breaking slipping this level may become slim once the index firms up above the 4,900 level. 4,525 is the crucial support for the Nifty on the monthly and yearly chart, after which the index may drop to the 3,900 level.
Stock Market Rebound Boosts Warren Buffet's Berkshire
Berkshire Hathaway's third-quarter earnings tripled with help from rising stock markets. Profit jumped to $3.24 billion, and revenue rose 7.1% to $29.9 billion.
Wednesday, November 4, 2009
Markets recover with a vengeance...
After being halted in their tracks in the past two weeks, the bulls of the Indian stock markets came back with a vengeance.
The Nifty ended the day well above the 4,700 mark and the Sensex closed just shy of the 16,000 mark, with the realty, metal and IT stocks leading the way. In the process, the markets more than made up for the previous day's losses. The Sensex ended at 15,912, stronger by 507 points or 3% and the Nifty ended at 4711, up 147 points
Finance Minister Pranab Mukherjee had allayed fears of curbing capital inflows. The Asian bourses did well. Moreover, the European markets are trading firm and the Dow futures are also exhibiting strength, ahead of the Fed's policy statement scheduled later in the day.
Reliance alone catapulted the Sensex by more than 113 points. Infosys contributed 64 points and ICICI was responsible for a 60-points appreciation on the benchmark.
The stocks in the limelight were Jaiprakash Associates (stronger by 9% at Rs 212), Hindalco (higher by 9% at Rs 119) and DLF (up 8% at Rs 365). Sterlite gained 6% at Rs 770, Reliance added 5% at Rs 1840 and Tata Steel put on 5% at Rs 1,920.
Sun Pharma, Grasim and Tata Power were laggards, shedding up to 1% at Rs 1,375, Rs 2,167 and Rs 1,307 respectively.
The market breadth was strong. Out of 2778 stocks traded on the BSE there were 1770 advancing stocks as against 950 declines.
VALUE & VOLUME TOPPERS
State Bank of India topped the value charts with a turnover of Rs 202.38 crore, followed by Reliance (Rs 196.96 crore), Suzlon (Rs 183.03 crore), Tata Steel (Rs 174.20 crore) and Educomp (Rs 170.16 crore).
Suzlon led the volume charts with trades of 32.70 million shares, followed by Unitech (17.94 million), Reliance Natural Resources (10.59 million), Ispat (8.07 million) and Indiabulls Power (8.06 million).
The Nifty ended the day well above the 4,700 mark and the Sensex closed just shy of the 16,000 mark, with the realty, metal and IT stocks leading the way. In the process, the markets more than made up for the previous day's losses. The Sensex ended at 15,912, stronger by 507 points or 3% and the Nifty ended at 4711, up 147 points
Finance Minister Pranab Mukherjee had allayed fears of curbing capital inflows. The Asian bourses did well. Moreover, the European markets are trading firm and the Dow futures are also exhibiting strength, ahead of the Fed's policy statement scheduled later in the day.
Reliance alone catapulted the Sensex by more than 113 points. Infosys contributed 64 points and ICICI was responsible for a 60-points appreciation on the benchmark.
The stocks in the limelight were Jaiprakash Associates (stronger by 9% at Rs 212), Hindalco (higher by 9% at Rs 119) and DLF (up 8% at Rs 365). Sterlite gained 6% at Rs 770, Reliance added 5% at Rs 1840 and Tata Steel put on 5% at Rs 1,920.
Sun Pharma, Grasim and Tata Power were laggards, shedding up to 1% at Rs 1,375, Rs 2,167 and Rs 1,307 respectively.
The market breadth was strong. Out of 2778 stocks traded on the BSE there were 1770 advancing stocks as against 950 declines.
VALUE & VOLUME TOPPERS
State Bank of India topped the value charts with a turnover of Rs 202.38 crore, followed by Reliance (Rs 196.96 crore), Suzlon (Rs 183.03 crore), Tata Steel (Rs 174.20 crore) and Educomp (Rs 170.16 crore).
Suzlon led the volume charts with trades of 32.70 million shares, followed by Unitech (17.94 million), Reliance Natural Resources (10.59 million), Ispat (8.07 million) and Indiabulls Power (8.06 million).
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