Offline
Markets end in green amid choppiness on F&O expiry day
Published on Thu, Dec 27, 2007 at 09:43 , Updated at Thu, Dec 27, 2007 at 16:29
Source : moneycontrol
| ads by google |
The markets closed in green amid choppiness on the triple withching day also known as F&O expiry day. FMCG, metal, oil and power stocks are trading higher while auto and pharma stocks are under selling pressure. Midcap and small cap stocks have continued their upside momentum giving market positive breadth. Top gainers on the bourses were ITC, Reliance Energy, Hindalco, Nalco and Suzlon Energy Telecom auto and pharma stocks are trading weak. Major laggards were Bajaj Auto, Bharti Airtel, Reliance Comm, PNB and Sun Pharma. PNB, BPCL, Cairn India, GAIL, DLF are among the other losers. For the December series Nifty was up 8%, BSE smallcap up 21%, Nifty rollover was at 75% and market wide turnover at 80%. Sensex closed up 24.20 points or 0.12% at 20216.72, and the Nifty up 10.75 points or 0.18% at 6081.50. About 2171 shares have advanced, 875 shares declined, and 56 shares are unchanged. The BSE Midcap Index ended at 9,441.86 up 0.4%. The BSE Smallcap Index ended at 12,623.34 up 2.2%. The BSE Bankex was up 1% at 11,373.07. HDFC Bank, Bank of Baroda, ICICI Bank, Union Bank closed in green. The BSE Capital Goods Index closed flat at 19,639.87. Jyoti Structure, Praj Industries, Carborundum, Triveni Engg, Greaves Cotton closed lower. The BSE Auto Index closed at 5,599.21 down 1%. Amtek Auto, Exide Industrie, Apollo Tyres, Tata Motors, Escorts closed lower. The BSE Metal Index closed at 19,291.34 up 2.5%. NALCO, JSW Steel, Tata Steel, Shree Precoated closed higher The BSE FMCG Index closed up 1% at 2,252.52. GlaxoSmith Con, United Brewerie, ITC, P and G, Colgate ended higher BSE Oil and Gas Index closed at 13,092.58 down 0.2%. Reliance Petro, Reliance Natura, HPCL, Petronet LNG, BPCL ended lower. The BSE IT Index was at 4,557.08 down 1%. I-Flex Solution, Financial Tech, Satyam, Tech Mahindra, Infosys closed lower. Markets choppy: Bharti, Bajaj Auto down The markets have slipped and are trading flat amid choppiness on the F&O expiry day. It is a bit choppy as today is the triple witching day and we are stepping into the new series from tomorrow. FMCG, metal, oil and power stocks are trading higher while auto and pharma stocks are under selling pressure. Midcap and small cap stocks have continued their upside momentum. At 15.02 hrs IST, the Sensex is up 24.08 points or 0.12% at 20216.60, and the Nifty down 5.45 points or 0.09% at 6065.30. About 2244 shares have advanced, 811 shares declined, and 45 shares are unchanged. The BSE Midcap and Small Cap indices were up 0.66% and 2.3%, respectively. Top gainers on the bourses were ITC, Reliance Energy, Hindalco, Nalco and Suzlon Energy while losers were Bajaj Auto, Bharti Airtel, Reliance Comm, PNB and Sun Pharma. Telecom auto and pharma stocks are trading weak. PNB, BPCL, Cairn India, GAIL, DLF are among the other losers. Raymond, Adani, RCF were among the midcap gainers. Essar Oil, Reliance Industries, Reliance Energy and Orchid Chemicals were most active shares. The BSE FMCG Index rose 1.7% and Metal Index was up 1.06%. BSE Bankex, Capital Goods, IT, Oil & Gas and Power indices were up 0.4%-0.8%. Mkts trading higher: FMCG, metal, oil, power stocks up The markets turned into positive terrain and trading higher, after witnessing mixed trend since morning, on the back of positive cues from European markets. FMCG, metal, oil and power stocks are trading higher while auto and pharma stocks are under selling pressure. Midcap and small cap stocks have continued their upside momentum. At 2:02 pm, the Sensex was up 78 points at 20270, and the Nifty up 22 points at 6092. About 2240 shares have advanced, 803 shares declined, and 57 shares are unchanged. The BSE Midcap and Small Cap indices were up 0.66% and 2.3%, respectively. Top gainers on the bourses were ITC, Reliance Energy, Hindalco, Nalco and Suzlon Energy while losers were Bajaj Auto, Bharti Airtel, Reliance Comm, PNB and Sun Pharma. Essar Oil, Reliance Industries, Reliance Energy and Orchid Chemicals were most active shares. The BSE FMCG Index rose 1.7% and Metal Index was up 1.06%. BSE Bankex, Capital Goods, IT, Oil & Gas and Power indices were up 0.4%-0.8%. Markets lacklustre: Hindalco, HDFC Bank, ITC up The markets continue to trade flat amid chopiness on the triple withching day also known as F&O expiry day. Select aluminium, bank and FMCG stocks are trading firm followed by oil & gas and power stocks. However, selling pressure is seen in IT and pharma stocks. The cues from Asia were mixed, rather quiet with Nikkei and Hang Seng in red and others in green. In the F&O segment marketwide rollover was at 74% and Nifty rollover was at 73%. At 12.55 hrs IST, the Sensex is up 50.10 points or 0.25% at 20242.62, and the Nifty up 11.45 points or 0.19% at 6082.20. About 2256 shares have advanced, 796 shares declined, and 47 shares are unchanged. Nalco is the top performer up over 9% followed by Hindalco and ITC up over 2%. Other gainers were ICICI Bank, Tata Power, SAIL, ONGC, VSNL, Reliance Petroleum, NTPC, Wipro, Suzlon Energy, Reliance, Reliance Energy, Idea Cellular. Telecom auto and pharma stocks are trading weak. Bharti, Bajaj Auto, PNB and Reliance Communication are among the major losers.BPCL, Cairn India, GAIL, DLF and Bajaj Auto. Raymond, Adani, RCF were among the midcap gainers. BSE Midcap index is up 1% and the smallcap index is up 2%. BSE bank and metal index are up 1% followed by power and oil & gas up nearly 1%. Sugar stocks are looking strong today. Market trades flat: Bank, metal, oil stocks up The markets have given up most of their morning gains and are trading absolutely flat. Buying is seen in select bank, metal, oil & gas and power stocks. However, selling pressure is seen in IT and pharma stocks. It is a bit choppy as today is the triple witching day and we are stepping into the new series from tomorrow. The cues from Asia were mixed, rather quiet with Nikkei and Hang Seng in red and others in green. At 11.30 hrs IST, the Sensex is up 25.33 points or 0.13% at 20217.85, and the Nifty up 6.50 points or 0.11% at 6077.25. About 2276 shares have advanced, 768 shares declined, and 55 shares are unchanged. BSE Midcap index is up 0.6% and the smallcap index is up 1.6%. BSE bank and metal index are up 1% followed by power and oil & gas up nearly 1%. Sugar stocks are looking strong today. Hindalco and Nalco are the top performers up over 2%. HDFC Bank, ICICI Bank, Tata Steel are also among the top gainers. HDFC Bank, Tata Power and SAIL were up 1.5% each. ICICI Bank and Tata Steel were 1% up each. Other gainers were ONGC, VSNL, Reliance Petroleum, NTPC, Wipro, Suzlon Energy, Reliance, Reliance Energy, Idea Cellular. IT stocks like Infosys, Satyam are looking a bit soft along with BPCL, Cairn India, GAIL, Reliance Communication, DLF and Bajaj Auto. Reliance Petro, Essar Oil, Era Construction, SAIL and Reliance are among the most active stocks on the bourses. Market off opening highs: Midcap, smallcap outperform The markets are still in green but are off the opening high. It is a bit choppy as today is the triple witching day and we are stepping into the new series from tomorrow. The cues from Asia were mixed, rather quiet with Nikkei and Hang Seng in red and others in green. Midcap space is looking strong giving market healthy breadth. At 10.27 hrs IST, the Sensex is up 73.55 points or 0.36% at 20266.07, and the Nifty up 20.40 points or 0.34% at 6091.15. About 2380 shares have advanced, 665 shares declined, and 54 shares are unchanged. BSE Midcap index is up 1% and the smallcap index is up 1.6%. BSE bank and metal index are up 1% followed by power and oil & gas up nearly 1%. Sugar stocks are looking strong today. HDFC Bank, ICICI Bank, Tata Steel are among the top gainers. HDFC Bank, Tata Power and SAIL were up 1.5% each. ICICI Bank and Tata Steel were 1% up each. Other gainers were ONGC, VSNL, Reliance Petroleum, NTPC, Wipro, Suzlon Energy, Reliance, Reliance Energy, Idea Cellular. IT stocks like Infosys, Satyam are looking a bit soft along with BPCL and Bajaj Auto. Reliance Petro, Essar Oil, Era Construction, SAIL and Reliance are among the most active stocks on the bourses. Market opens in green: Nifty breaches 6,100 The markets opened in green with Nifty breaching 6,100 levels and Sensex was above 20,300. The markets had two strong sessions and we have seen a further build up on the gains that they made. The cues from Asia were mixed, rather quiet with Nikkei and Hang Seng in red and others in green. Midcap space is looking strong giving market healthy breadth. Major gainers on the indices were ONGC, VSNL, Reliance Petroleum, NTPC, Wipro, Suzlon Energy, Reliance, Reliance Energy, Idea Cellular, SAIL. IT stocks like Infosys, TCS are looking a bit soft. Rupee is trading at 39.4250 against the dollar Asian markets were trading higher barring Japan's Nikkei Index. The Nikkei 225 average dropped 0.53% or 83.25 points to 15,570.29, after advancing during the last three trading sessions. However, Shanghai Composite was up 0.66% or 34.30 points at 5,267.65. Hong Kong's Hang Seng down 24 points. Jakarta Composite was up 0.72% or 19.54 points at 2,734.09. Straits Times rose 0.11% or 3.7 points to 3,476.91. Seoul Composite gained 4.96 points or 0.26% to 1,911.68 and Taiwan Weighted jumped 170.04 points or 2.08% at 8,326.43. Market cues:
NSE F&O cues
|
Messages on Market Outlook - Short Term
Other comments
Why US brokers merge with US Banks?
Kalidas: It seems bear sterns refused to take part in the Long term capital bailout.. so it was the odd mann out...
in Market Outlook - Short Term - WhatsUP at 12-Oct-08 11:14
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Hello BSR, It indeed is scary to see your previus bullish undertones within you die so soon and the sam...
in Market Outlook - Short Term - lovemeall26 at 12-Oct-08 11:00
Rate this article
Latest Market Commentary
10-10 Worst weekly performance for Sensex, Nifty ever
08-10 Mkts recover sharply from day's low; Nifty ends above 3500
Udayan's Comments
10-10 Investors should stay in cash, not sell in panic
10-10 Worse slowdown yet to hit markets
F&O Markets
08-10 IVRCL Infra adds 6.5 lakh shares in OI
08-10 ICICI Bank adds 3.57 lakh shares in OI
Market Interview Transcripts
11-10 India must stop relying on global flows: Uday Kotak
10-10 Experts differ on mkts stabilising
CNBC TV18 Research Reports
10-10 Cadbury India to triple investments in contract farming
10-10 Tyson Foods to double sales; may partner fast food chains
Brokerage Reports
10-10 Buy Bharti Airtel, target of Rs 1154: HDFC Sec
