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Moneycontrol India :: News :: Bulls stage a comeback: Sensex ends above 19,000 :: :: Local Markets :: Sensex,Nifty,Indices
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Bulls stage a comeback: Sensex ends above 19,000
2007-11-13 21:14:41 Source : moneycontrol
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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.

Markets rally: HDFC Bank, L&T, SBI surge

The markets have gained further ground and have moved upwards with buying in scrips across sectors. Heavy buying is seen in banking, power, capital good stocks. Sensex is up over 450 points and is nearing 19,200 levels and the Nifty has scored over a century trading around the 5,750 levels.

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 have 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%.

At 14.25 hrs IST, the Sensex is up 426.66 points or 2.28% at 19163.93, and the Nifty up 139.90 points or 2.49% at 5757.00.

About 2043 shares have advanced, 933 shares declined, and 89 shares are unchanged.

Heavies like SBI, HDFC Bank, L&T, Tata Steel Reliance Ind, NTPC are 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 and FMCG stocks are still under pressure. Market breadth is positive and the volume in the first half of trade was impressive.  

Apart from frontliners like SBI and HDFC Bank midcaps like Vijaya Bank, Uco Bank, Syndicate are the other gainers in banking sector. The bankex is up 4%.

Among the frontliners HDFC Bank was up over 6%, MTNL up over 4%, HDFC, L&T, SBI, Suzlon, Tata Power, NTPC each up over 4%. ICICI Bank, Tata Steel, Tata Motors, Maruti are up over 3% each.

Top losers on the Nifty are Wipro down 2.5%, ITC down 2.07% and Mah and Mah down 2.06%. 

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686. 

In the IT counter, the major losers were Wipro at 457.45 down 2.74%, Infosys at 1,610 down 1.95%, I-Flex Solution down 1,400 down 1.90% and Mphasis at 277.05 down 1.51%.  

Metals stocks were attracting buying and the major gainers were Jindal Steel at 11,712.10 up 8.98%, JSW Steel at 894 up 3.34%, JindalStainless at 163.40 up 3.06% and Jindal Saw  at 772.80 up 2.39%.

Market trades in green: Midcaps, smallcaps outperform

The markets have moved into green andare trading near the high point of the day as some buying is seen at the lower levels. Bargain buying is seen in banking, power, capital good stocks. Sensex has inched above the 19,000 levels and the Nifty is hovering around the 5,700 levels.

Heavies like SBI, HDFC Bank, L&T, Reliance Ind, NTPC are helping the markets trading higher.

At 1:10 pm, the Sensex was up 291.65 points or 1.56% at 19028.92, and the Nifty up 85.60 points or 1.52% at 5702.70.

About 2060 shares have advanced, 916 shares declined, and 89 shares are unchanged.

Broader markets have held out their gains and both midcap and smallcap indices were up 2% each.

However, the IT and FMCG stocks are still under pressure. Market breadth is positive and the volume in the first half of trade was impressive.  

Apart from frontliners like SBI and HDFC Bank midcaps like Vijaya Bank, Uco Bank, Syndicate are the other gainers in banking sector. The bankex is up 1.6%.

Among the frontliners HDFC Bank was up over 5%, MTNL up over 4%, HDFC, L&T, SBI, Suzlon, Tata Power, NTPC each up over 3%. ICICI Bank, Tata Steel, Tata Motors, Maruti are up over 2% each.

Top losers on the Nifty are Wipro at Rs 445 down 2.5%, ITC at Rs 175.10 down 2.07% and Mah and Mah at Rs 712 down 2.06%. 

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686. 

In the IT counter, the major losers were Wipro at 457.45 down 2.74%, Infosys at 1,610 down 1.95%, I-Flex Solution down 1,400 down 1.90% and Mphasis at 277.05 down 1.51%.  

Metals stocks were attracting buying and the major gainers were Jindal Steel at 11,712.10 up 8.98%, JSW Steel at 894 up 3.34%, JindalStainless at 163.40 up 3.06% and Jindal Saw  at 772.80 up 2.39%.

Mkts turn volatile; IT stocks weak

The markets have turned volatile. Capital goods, power and metal stocks continue to trade strong, however the IT and FMCG stocks are still under pressure. Market breadth is positive and the volume in the first half of trade was impressive.  

At 11.30 am, the Sensex is up 48.40 points or 0.26% at 18785.67, and the Nifty up 11.65 points or 0.21% at 5628.75. About 2026 shares have advanced, 957 shares declined, and 82 shares are unchanged. On NSE over 425 stocks were on the advancing side and around 350 stocks on the decline side.

Top gainers on the Nifty are Suzlon Energy at Rs 1,979 up 4.14%, HDFC at Rs 2,598 up 3.22% and Tata Power at Rs 1,257 up 2.72%. 

Top losers on the Nifty are Wipro at Rs 445 down 2.5%, ITC at Rs 175.10 down 2.07% and Mah and Mah at Rs 712 down 2.06%. 

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686. 

In the IT counter, the major losers were Wipro at 457.45 down 2.74%, Infosys at 1,610 down 1.95%, I-Flex Solution down 1,400 down 1.90% and Mphasis at 277.05 down 1.51%.  

Market sees buying in metal, cap good stocks

The markets have gained some more points on the back of buying witnessed in the power, capital good and metal stocks. Midcap and smallcap have outperformed the large caps today. Banking and IT stocks are trading weak since opening today, however, power and capital good stocks are strong.

Market breadth was positive with over 830 stocks on the advancing side and only 245 stocks on the decline side. Rupee was quoting at 39.36 against a US dollar. 

At 10.50 am, the Sensex is up 82.01 points or 0.44% at 18819.28, and the Nifty up 36.15 points or 0.64% at 5653.25. About 1965 shares have advanced, 1006 shares declined, and 94 shares are unchanged.

Top gainers on the Sensex are Hindalco at Rs 213.40 up 3.19%, Reliance Comm at Rs 710.30 up 2.23% and NTPC at Rs 258.40 up 1.93%. 

Top losers on the Sensex are ICICI Bank at Rs 1,115.15 down 2.75%, Wipro at Rs 445 down 2.72% and HDFC Bank at Rs 1,448.05 down 1.86%. 

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686. 

Metals stocks were attracting fresh buying and the major gainers were Jindal Steel at 11,712.10 up 8.98%, JSW Steel at 894 up 3.34%, JindalStainless at 163.40 up 3.06% and Jindal Saw  at 772.80 up 2.39%.

Mkts open on flat note; Rel Comm, TCS, NTPC gain

The markets opened on flattish note today in line with its Asian peers. Asian markets were trading mixed. At 9:56 am, Sensex was down 56 points at 18681 and Nifty was up 7 points at 5624. Major gainers were Rel Comm, Hindalco, TCS, NTPC. However, Reliance, Sterlite, HDFC bank, ICICI Bank, Satyam, Infosys, BHEL, Rel Petroleum were trading down.

Asian indices were trading mixed today. Hong Kong's Hang Seng gained 0.51% or 140.50 points at 27,806.23, Taiwan's Taiwan Weighted rose 0.73% or 62.89 points at 8,733.50, South Korea's Seoul Composite advanced 0.17% or 3.20 points at 1,926.62, However, Japan's Nikkei fell 0.17% or 26.53 points at 15,170.56 and Singapore's Straits Times was down 0.55% or 19.36 points at 3,491.76.

US markets: The Dow fell 55.19 points, or 0.42%, to 12,987.55, after falling 4.06% last week. The Standard & Poor's 500 index fell 14.52 points, or 1%, to 1,439.18, while the Nasdaq composite index dropped 43.81 points, or 1.67%, to 2,584.13.

Market cues:

  • FIIs net sell USD 71.1 million in equity on Nov 8, 9
  • MFs net sell Rs 221.3 crore in equity on Nov 8
  • MFs net buy Rs 3.7 crore in equity on Nov 9
  • NSE F&O Open Interest up by Rs 759 crore at Rs 93,528 crore
  • FM says no plans to introduce further measures to control capital flows

F&O cues:

  • Futures Open Interest up by Rs 236 crore, Options Open Interest up by Rs 523 crore
  • Nifty Fut shed 16 lakh shares in Open Interest, at 29-pt premium Vs 35-pt discount
  • Nifty Open Int Put-Call Ratio at 1.14 Vs 1.12
  • Nifty Puts add 4.5 lakh shares in Open Interest
  • Nifty Calls add 1.6 lakh shares in Open Interest
  • Nifty 5500 Put adds 2.8 lakh shares in Open Interest
  • Nifty 5500 Call adds 1.75 lakh shares in Open Interest
  • Nifty 5600 Call adds 1.08 lakh shares in Open Interest
Hot keywords : Sensex | Nifty | Indices 
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