Mkt ends near day's high amid volatility: Bankex up 4%

The markets ended near day's high amid volatility. It was an extremely choppy day for markets. After swinging in the positive and negative terrain the markets managed a positive close. Midcap index ended flat but the smallcap index closed in red.  The cues were not very encouraging with most of the Asia ending lower. Japan and Nikkei were the top laggards. Europe was also trading soft. Banking stocks were trading smart and bankex was up over 3.5%.

On a weekly basis, Nifty closed down 1% BPCL, HPCL, Nalco, Tata Power, SAIL and Tata Steel were among the top losers.

The Sensex ended up 1% and ICICI, Reliance, Suzon, Reliance Communication were among the top gainers.

Today the Sensex closed up 245.37 points or 1.19% at 20827.45, and the Nifty up 43.15 points or 0.70% at 6200.10.

About 782 shares have advanced, 2149 shares declined, and 37 shares are unchanged.

The BSE Midcap Index ended at 9,438.48 down 0.02%.

The BSE Smallcap Index ended at 12,694.02 down 1.3%.

The BSE Bankex ended up 3.6% at 12,478.96. Axis Bank, ICICI Bank, Bank of India, Centurion Bank, Oriental Bank moved upwards.

The BSE Capital Goods Index closed down 1% at 19,485.88. Triveni Engg, Suzlon Energy, Reliance Infra, Gammon India, ABB, Bharat Elec closed lower.

The BSE Auto Index closed at 5,413.01 down 0.5%. MRF, Hero Honda, Mah and Mah, Tube Investment, Escorts, Apollo Tyres closed lower.

The BSE Metal Index closed at 18,770.14 down 0.1%. Sesa Goa, NALCO, Shree Precoated, Hindalco, Tata Steel, SAIL, Jindal Saw lower.

The BSE FMCG Index closed down 0.2% at 2,394.83. Marico, United Spirits, United Brewerie, HUL, Tata Tea, Colgate closed lower.

BSE Oil and Gas Index closed at 13,832.60 up 2%. Reliance, GAIL, ONGC, Essar Oil, Reliance Petro ended in green.
 
The BSE IT Index was down 1% at 4,103.88. I-Flex Solution, Patni Computer, Financial Tech, Tech Mahindra, TCS, Infosys closed lower.

The NSE cash turnover was at Rs 18948.71 crore and the NSE F&O turnover was at Rs 68449.32 crore. The BSE cash turnover was Rs 7985.32 crore. Total market wide turnover was at Rs 95383.35 crore.

Mkt witnesses volatility: Midcap, FMCG, IT down

The markets are choppy as they are witnessing a lot of volatility. The cues were not very encouraging with most of the Asia ending lower. Japan and Nikkei were the top laggards. Europe has also opened soft but marginally in green. Broader markets continue to trade weak giving weak breadth. Most of the BSE key indices were trading in red led by the FMCG, IT, realty, metal and capital good sectors.

At 1.43 pm, the Sensex is up 5.89 points or 0.03% at 20587.97, and the Nifty down 22.55 points or 0.37% at 6134.40.

About 443 shares have advanced, 2498 shares declined, and 26 shares are unchanged.

BSE Midcap index is down over 1.5% and smallcap index is down over 2.5%. FMCG index is down over 2% followed by IT, capital goods, metal and auto index down over 1%.

Mkt slips amid volatility: ICICI Bk, Reliance, NTPC up

The markets have slipped and are trading flat amid volatility. Select buying is seen in bank and oil stocks. Broader markets continue to trade weak giving weak breadth. Most of the BSE key indices were trading in red led by the FMCG, realty, metal and capital good sectors. The cues from Asia are not very encouraging as most of the Asia was in red.

Mkt trades in green: Bk up; Midcap, cap goods down

The frontline indices are trading in green with strong buying support from banking and oil & gas pivotals. Broader markets continue to trade weak giving weak breadth. Most of the BSE key indices were trading in red led by the FMCG, realty, metal and capital good sectors. The cues from Asia are not very encouraging as most of the Asia was in red.

At 11.55 hrs IST, the Sensex is up 177.13 points or 0.86% at 20759.21, and the Nifty up 16.55 points or 0.27% at 6173.50.

About 592 shares have advanced, 2340 shares declined, and 35 shares are unchanged.

Bankex is up 2.7% as ICICI Bank up over 6% with company planning to list its subsidiaries going ahead.

Among the other gainers are Sun Pharma up over 2%, Reliance up nearly 2% and Tata Motors up over 1% followed by ONGC, Sterlite Ind, RPL and BPCL. Entire Reliance pack is doing good.

On the Nifty M&M, ABB and Cairn India are down nearly 3% each.

Top losers on the Sensex are ACC at Rs 924.15 down 1.53%, Ambuja Cements at Rs 140 down 1.27% HUL at Rs 226 down 1.22%.

Reliance, RNRL, Aries Agro, RPL and ICICI Bank were the most active stocks on the bourses today.

Infosys came out with inline set of numbers with net profit up 11.9% to Rs 1231 crore versus Rs 1100 crore. The stock was trading at Rs 1,592.00 down 0.64% from its previous close of Rs 1,602.20.

Markets flat amid volatility; midcaps in pain

The markets have turned extremely volatile after strong opening and were trading flat. Midcap and smallcap stocks were once again reeling under pressure. Most of the BSE key indices were trading in red led by the FMCG, realty, metal and capital good sectors. However banking stocks were still strong and IT space was also attracting some attention.

Top gainers on the Sensex are ICICI Bank at Rs 1,409.90 up 3.92%, Tata Motors at Rs 761.95 up 1.73% and SBI at Rs 2,428 up 0.81%.

Top losers on the Sensex are ACC at Rs 924.15 down 1.53%, Ambuja Cements at Rs 140 down 1.27% HUL at Rs 226 down 1.22%.

Reliance, RNRL, Aries Agro, RPL and ICICI Bank were the most active stocks on the bourses today.

Mkts open strong; Infosys jumps over 2%

The markets have opened on strong note post good Q3 result from Infosys and strong closing of US markets yesterday. Infosys jumped over 2% in the opening trade on the back of good Q3 FY08 numbers.

Infosys has posted consolidated Q3 net profit of Rs 1231 crore as against Rs 1100 crore in previous quarter. Its net sales went up to Rs 4,271 crore from Rs 4,106 crore QoQ. Infosys numbers are higher than guidance.

At 9:58 am, Sensex was up 135 points at 20717 and Nifty was up 13.20 points at 6170.15. Major gainers in the opening trade were Infosys, NTPC, Rel Petroleum, ICICI Bank, Rel Energy, HDFC bank, Unitech.

Two new companies got listed on the bourses today. Precision Pipes lists at Rs 165 versus its issue price of Rs 150 and Aries Agro lists at Rs 150 versus its issue price at Rs 130.  

Asian markets trading mixed. The Shanghai Composite was up 6.47 points or 0.12% at 5,463.01. Hang Seng gained 285.41 points or 1.05% at 27,516.27. Jakarta Composite was up 44.64 points or 1.60% at 2,830.26. Taiwan Weighted 48.55 points or 0.60% at 8,105.82.

However, Nikkei was down 115.73 points or 0.80% at 14,272.38. Seoul Composite fell 13.94 points or 0.76% at 1,810.84.

US markets: US markets close higher after a volatile session. Fed Chairman Ben Bernanke's comment hinting further rate cuts also added to the volatility. His comments sent the two-year treasury notes higher while the dollar tumbled and oil recovered some of its losses.

Dow closed 118 points higher at 12,853. Nasdaq shut 14 points up at 2,489, while the S&P 500 closed 11 points up at 1,420.