Mkt ends near day's high: Nifty closes above 4,900

The markets closed near day's high amid choppiness after hovering around Thursday's closing levels for major part of the day. All the BSE sector indices closed in green with metal, capital goods, IT, realty, power and energy stocks outperformed.

Broader markets saw a smart rally with both the midcap and smallcap indices closing up over 4%. The breadth was positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green. Shanghai was up 5% after falling down nearly 40% from all-time high.

Inflation number came in higher up 15 ticks at 6.68% for the week ended March 15 as compared to 5.92% in the last week. The market had estimated it at 5.96%; it has touched its 59 week high.

Sensex closed up 355.73 points or 2.22% at 16371.29, and the Nifty up 111.75 points or 2.31% at 4942.00.

About 2454 shares have advanced, 552 shares declined, and 57 shares are unchanged.

The BSE Midcap Index ended at 14,654.19 up 4%.

The BSE Smallcap Index ended at 7,901.98 up 5%.

The BSE Capital Goods Index closed at 14,455.44 up 5.4%. L&T, BHEL, Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher.

The BSE Auto Index closed at 4,580.07 up 1%. Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher.

The BSE Metal Index closed at 14,654.19 up 5.78%. Tata Steel, SAIL, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, Nestle, Dabur ended higher.

BSE Oil and Gas Index closed at 10,467.61 up 3%. Reliance Ind, RPL, BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.

The BSE IT Index was at 3,758.03 up 5%. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed higher.

BSE power index closed at 3,301.98 up 5%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in green.

The BSE Bankex closed flat at 8,200.24. HDFC, HDFC Bank, ICICI Bank closed in red.

The NSE cash turnover was at Rs 14286.5 crore and the NSE F&O turnover was at Rs 49087.03 crore. The BSE cash turnover was Rs 6447.2 crore. Total market wide turnover was at Rs 69820.73 crore.
 

Mkts trade near day's high: Nifty above 4900

The markets are trading in green near day's high amid choppiness after hovering around Thursday's closing levels for major part of the day. Among sectors; consumer durable, IT and metal indices are showing buying interest while banking and auto are witnessing selling pressure.

Smallcaps and midcaps are trading in green outperforming the benchmark indices. The breadth is positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green. 

About 2345 shares have advanced, 655 shares declined, and 62 shares are unchanged.

Inflation number came in higher up 15 ticks at 6.68% for the week ended March 15 as compared to 5.92% in the last week. The market had estimated it at 5.96%; it has touched its 59 week high.

Mkts in green amid choppiness

The markets are witnessing volatility and hovering around Thursday's closing levels. Among sectors; consumer durable, IT and metal indices are showing buying interest while banking and auto are witnessing selling pressure.

Inflation numbers were revealed today, and it is 15 ticks up at 6.68% for the week ended March 15 as compared to 5.92% in the last week.

Selling pressure is seen in frontline banking and auto stocks. Midcaps are also trading moderately in green. The breadth is positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green. 

The BSE IT and consumer durable indices were up over 3% each.

Top gainers on the bourses are Tata Steel at Rs 690.35 up 5.43%, Infosys at Rs 1,486 up 3.14%, Wipro at Rs 443 up 3.00%, Cairn India at Rs 226.60 up 5.35% andSuzlon Energy at Rs 251 up 4.71%  

Top losers on the bourses are HDFC Bank at Rs 1,381 down 3.76%, ONGC at Rs 1,034 down 3.29%, ICICI Bank at Rs 810.60 down 2.87% and SAIL at Rs 193.50 down 2.74%.

Mkts trade in green amid volatility; Inflation at 6.68%

The markets have oscillated sharply on the back of high inflation number which was up 15 ticks at 6.68% for the week ended March 15 as compared to 5.92% in the last week. The market had estimated it at 5.96%; it has touched its 59 week high.

The markets are ranged; trading flat amid choppiness. Selling pressure is seen in frontline banking and auto stocks. Midcaps are also trading moderately in green. The breadth is positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green.

At 12.47 hrs IST, the Sensex is up 68.30 points or 0.43% at 16083.86, and the Nifty up 16.00 points or 0.33% at 4846.25.

About 2241 shares have advanced, 755 shares declined, and 66 shares are unchanged.

Midcap index is up over 1.5% and smallcap index is up over 2.5%.

Among the frontline gainers Tata Steel is up nearly 6%; followed by Suzlon up 5%, Cairn, Cipla, ITC. Technology stocks have gained ground Infosys and Satyam were among the top gainers up over 4.5% and 3.5% each respectively.

Frontline bank stocks like HDFC Bank and ICICI Bank were among the top losers. ONGC is trading in red. Tata Motors is in red after the JLR deal. Steel majors like SAIL and JSW have come down and are trading red after the DEPB was withdrawn.

Mkts trade in red: Metal, realty up; bank down

The markets are trading flat within marginal losses. Selective buying is seen in metal, realty, capital goods and power stocks. Selling pressure is seen in frontline banking and auto stocks. Midcaps are also trading moderately in green. The breadth is positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green.

At 11.22 hrs IST, the Sensex is down 57.99 points or 0.36% at 15957.57, and the Nifty down 21.40 points or 0.44% at 4808.85.

About 2170 shares have advanced, 816 shares declined, and 76 shares are unchanged.

On the macroeconomic front, there is market buzz that inflation is expected to cross 6%.

BSE Midcap index is up over 1.5% and smallcap index is up over 2.5%.

Among the frontline gainers Tata Steel is up nearly 6%; followed by Suzlon up 5%, Cairn, Cipla, ITC.

Frontline bank stocks like HDFC Bank and ICICI Bank were among the top losers. ONGC is trading in red. Technology opened a bit week, Tata Motors is in red after the JLR deal.

Mkts trade flat off highs: Metal, realty up; bank down

The markets opened in the green up about a 0.5%. It is a tempered start for the markets. Midcaps also opened moderately in green. The breadth is positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green.

At 10.15 hrs IST, the Sensex is up 49.32 points or 0.31% at 16064.88, and the Nifty up 27.00 points or 0.56% at 4857.25.

About 1923 shares have advanced, 1060 shares declined, and 79 shares are unchanged.

DLF up 1.5%, ITC, L&T, SBI, Hindalco were among the gainers on in the indices

Technology opened a bit week, Tata Motors is in red after the JLR deal.

The midcap segment is intact with JP Hydro, Mundra Lifestyle, Orchid Chemical, Gujarat NRE Coke, DCB.

Asian markets were trading higher. Japan's Nikkei gained 1.75%, Hong Kong's Hang Seng rose 1.13%, Taiwan's Taiwan Weighted added 0.28%, Singapore's Straits Times advanced 0.75%, South Korea's Seoul Composite surged 1.32%.

However, the Dow dropped 110 points, the Nasdaq slipped 17 and the S&P lost 12.

Market cues:

• FIIs net buy USD 138.2 mn in equity
• MFs net sell Rs 432 cr in equity
• NSE F&O Apr series begins with Open Int of Rs 42,245 cr Vs Rs 58,289 cr in Mar; lightest since May 2007

F&O cues:

• Marketwide rollover at 79% Vs 84% last time
• Nifty rollover at 63% Vs 75% last time
• Nifty Futures at 35-pt premium Vs 30-pt discount at beginning of Mar series
• Nifty Futures add 58 lakh shares in net Open Int
• Nifty Open Int PCR at 1.31 Vs 1.55 at the beginning of Mar series
• Nifty Puts add 35.6 lakh, Calls add 26 lakh shares in Open Int
• Nifty 4500 Put adds 11.6 lakh shares in Open Int
• Nifty 4800 Put adds 8.4 lakh shares in Open Int
• Nifty 4700 Put adds 4.3 lakh shares in Open Int
• Nifty 4800 Call adds 7 lakh shares in Open Int
• Nifty 5000 Call adds 6.1 lakh shares in Open Int
• Nifty 5100 Call adds 4.3 lakh shares in Open Int