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Mkt ends in green: Cap goods, energy stocks up
Published on Fri, Apr 11, 2008 at 09:45 , Updated at Sat, Apr 12, 2008 at 11:08
Source : moneycontrol.com
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The markets closed in green showing resilience to the bad news of inflation After soe initial hicups it ended higher amid volatility. Inflation numbers came in higher than estimates at 7.4%. Analyst were expecting inflation at 7%-7.2% but it came in as a negative surprise at 7.41%. Analyst expect some liquidity measures like CRR hike to curb inflation. Both the midcap and smallcap indices ended in green. Banking space was trading weak and FMCG index is also trading flat. Energy, realty, capital goods and select metal stocks closed at higher levels. Capital goods index was top performer and is up over 3% as BHEL and L&T were the top gainers each up over 4%. Power stocks were looking good with Tata Power up over 4%. Sensex closed up 112.54 points or 0.72% at 15807.64, and the Nifty up 44.80 points or 0.95% at 4777.80. About 1670 shares have advanced, 1076 shares declined, and 328 shares are unchanged. The BSE Midcap Index ended at 6,523.22 up 0.7%. The BSE Smallcap Index ended at 8,081.43 up 0.6%. The BSE Bankex ended at 7,900.97 down 0.6%. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards. The BSE Capital Goods Index closed up 3% at 13,267.51. BHEL, L&T, Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed higher. The BSE Auto Index closed at 4,427.06 up 0.5%. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed lower. The BSE Metal Index closed at 13,966.38 up 1%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed higher. The BSE FMCG Index closed down 1.3% at 2,319.36. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower. BSE Oil and Gas Index closed at 11,028.75 up 3%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in green. The BSE IT Index was down 0.5% at 3,659.38. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower. Mkt trades higher: Cap goods, energy, metal up The markets are trading higher with good gains, have shown resilience to the bad news of inflation and are trading in green amid volatility. Inflation numbers came in higher than estimates at 7.4%. Analyst were expecting inflation at 7%-7.2% but it came in as a negative surprise at 7.41%. The markets are witnessing choppy trades and have moved upwards further. Midcaps have also bounced back and both themidcap and smallcap indicesa re up 1%. Banking space is trading weak and FMCG index is also trading flat. Analyst expect some liquidity measures like CRR hike to curb inflation. At 1.33 hrs IST, the Sensex is up 217.69 points or 1.39% at 15912.79, and the Nifty up 65.35 points or 1.38% at 4798.35. About 1759 shares have advanced, 929 shares declined, and 386 shares are unchanged. Energy, realty, capital goods and select metal stocks continue to trade at higher levels. Capital goods index is top performer and is up over 3% as BHEL and L&T are the top gainers each up over 4%. Power stocks are looking good with Tata Power up over 4%. Cairn, Siemens were up over 3% each. Hindalco, Reliance Energy were up over 2.5%. Reliance, Dr Reddy's, RPL were among the other gainers on the indices. ITC, Maruti, HUL, Infosys, SBI, ONGC and Hero Honda were among the frontline losers. Mkts trades in green, despite high inflation nos The markets have shown resilience to the bad news of inflation and are trading in green amid volatility. Inflation numbers came in higher than estimates at 7.4%. Analyst were expecting inflation at 7%-7.2% but it came in as a negative surprise at 7.41%. The markets are witnessing choppy trades and have moved upwards further. Midcaps are looking more nervous. Banking space is trading weak and FMCG index is down 0.5%. Analyst expect some liquidity measures like CRR hike to curb inflation. At 11.36 hrs IST, the Sensex is up 171.03 points or 1.09% at 15866.13, and the Nifty up 62.85 points or 1.33% at 4795.85. About 1706 shares have advanced, 975 shares declined, and 393 shares are unchanged. Energy, realty, capital goods and select metal stocks continue to support buying at the lower levels. Tata Power, Cairn, Siemens were up over 3% each. Hindalco, L&T, Reliance Energy were up over 2.5%. Reliance, Dr Reddy's, RPL were among the other gainers on the indices. ITC, Maruti, HUL, Infosys, SBI, ONGC and Hero Honda were among the frontline losers. 10:48 am The markets have come off the highs and are trading flat as inflation numbers came in higher than estimates at 7.4%. Analyst were expecting inflation at 7%-7.2% but it came in as a negative surprise at 7.41%. The markets are witnessing choppy trades but have not seen a major sell off. Midcaps are looking more nervous. Banking space is trading weak and FMCG index is down 0.5%. Analyst expect some liquidity measures like CRR hike to curb inflation. Energy, realty, capital goods and select metal stocks continue to support buying at the lower levels. At 10.48 hrs IST, the Sensex is up 22.38 points or 0.14% at 15717.48, and the Nifty up 24.30 points or 0.51% at 4757.30. About 1603 shares have advanced, 1058 shares declined, and 413 shares are unchanged. Tata Power, Cairn, Reliance Energy, Hindalco Reliance, Dr Reddy's, RPL were among the gainers on the indices. ITC, Maruti, HUL, Infosys, SBI, ONGC and Hero Honda were among the frontline losers. Markets open higher on good global cues The markets have opened on positive note following good Asian and US markets cues. Buying support was seen from oil, pharma, power, metal and technology stocks. Market breadth is positive. Midcap and small cap stocks are trading strong. At 9:56 am, the Sensex was up 161 points at 15,856 and the Nifty up 49 points at 4,782. The CNX Midcap was up 62 points at 6,401. Nearly 529 shares have advanced while 56 shares declined on the NSE. ICICI Bank, L&T, Reliance Petro, SAIL, Reliance Industries, Bharti Airtel, NTPC, BHEL, Cairn India, Unitech, Sterlite, Suzlon, Satyam, Rel Energy, BPCL, Dr Reddy's Labs, DLF and Tata Power were gainers while SBI, ONGC and Hero Honda were among losers. Asian markets were trading higher. Japan's Nikkei rose 2.11% or 272.98 points at 13,218.28. Hong Kong's Hang Seng gained 0.73% or 177.14 points at 24,364.24. Taiwan's Taiwan Weighted advanced 0.57% or 50.26 points at 8,879.66. Singapore's Straits Times was up 0.82% or 25.19 points at 3,089.79. South Korea's Seoul Composite added 0.03% or 0.59 points at 1,765.23. Wall Street snapped a two-day losing streak led by technology stocks after an upgrade on the chip sector. The Dow Jones industrial average added 54.72 points, or 0.44%, to 12,581.98.The Nasdaq composite index advanced 29.58 points, or 1.27%, to 2,351.70. Market cues:
F&O cues:
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