Mkt ends in green but sharply off day's high

The markets closed in green with moderate gain after a gap up opening on the back of strong cues from Asia and the US. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5%-3%, there were no runaway rallies seen.

Europe was off the highs after UK based HBOS reported pound 227 million.  

Only frontliners closed in green but midcaps and smallcaps closed weak.Nifty breached 4600 mark but closed below the 4600 mark and Sensex slipped below 15000 levels. 

On a weekly basis it was an very weak close for the markets with Sensex and Nifty down 5%. Markets witnesses second biggest single day fall this week. The broader markets lost nearly 10%. Bankex was down 10% followed by metal index down 8%.

Sensex closed up 161.37 points or 1.09% at 14994.83, and the Nifty up 40.95 points or 0.90% at 4573.95.

About 893 shares have advanced, 2088 shares declined, and 78 shares are unchanged.

The BSE Midcap Index ended at 5,964.10 down 1.2%.

The BSE Smallcap Index ended at 7,222.20 down 2%.

The BSE Bankex closed flat at 7,495.26. Yes, Federal Bank, IOB,  HDFC Bank, closed in green.

The BSE Capital Goods Index closed at 13,095.72 up 1.3%. Areva, L&T, BHEL, ABB closed higher.

The BSE Auto Index closed at 4,398.25 up 1.4%. Exide, Tata Mtotos, M&M,  Apollo Tyres, Ashok Leyland closed higher.

The BSE Metal Index closed at 13,498.55 up 0.4%. SAIL, JSW Steel, Sesa Goa, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, P&G ended higher

BSE Oil and Gas Index closed at 9,717.56 up 0.06%.  GAIL, Cairn, IOC, Reliance ended higher.

The BSE IT Index was at 3,369.63 up 2%. HCL, Infosys, Satyam, Wipro, TCS, Tech Mahindra closed higher.

The NSE cash turnover was at Rs 13937.1 crore and the NSE F&O turnover was at Rs 46365.04 crore. The BSE cash turnover was Rs 5781.11crore. Total market wide turnover was at Rs 66083.25 crore. 

Markets Today

• Markets off day's high on profit booking in line with Asian peers
• Sensex ends up 161 pts at 14994; down 470 pts from day's high
• Nifty ends up 41 pts at 4574; down nearly 150 pts from day's high
• CNX Midcap Index down 0.23%, BSE Small-cap Index down 2%
• IT Index up 2.14%; Satyam up 5.7%, Wipro up 5.3%, Infosys up 2.2%
• BSE Realty Index down 2.14%; DLF down 1.4%, Unitech down 3.4%
• Index Gainers; Tata Motors up 5%, SAIL up 4.4%, Nalco up 4.2%, M&M up 3.6%
• Non-index gainers; Yes Bank up 7.6%; management says not having any uncovered forex exposures
• Losers; Guj NRE Coke down 8.5%, IFCI down 6.6%, Neyveli Lignite down 6.24%
• NSE Advance Decline at 1:2; slips from 5:1 in the morning
  Total market turnover at Rs 66083.25 cr

Markets this week

• Sensex down 4.5%, Nifty down 3.3%
• BSE Small Cap Index down 10.5%, CNX Midcap Index down 8.5%
• BSE Bankex down 10%, BSE Metal Index down 9%
• BSE Realty Index down 8%, Oil & Gas Index down 6.5%
• Nifty Losers: Hindalco down 14.5%, ICICI Bank down 12%, HDFC down 11.5%, Tata Steel down 11%, Tata Power down 10%
• Midcap Losers: Gujarat NRE Coke down 18.5%, IFCI down 17%, Bajaj Hind down 15%, Dena Bank down 14.5%, GMR, BoI, Neyveli Lig down 14% each, Orchid Chem down 44%, S Kumar down 24%
• Non-Index Losers: Rel Cap down 16%, JP Assoc down 13%, IBREL down 12%

The markets are trading in green but have given up some of its morning gains. Pressure is seen in midcap and smallcap stocks. The smallcap index has slipped and is trading in red and midcap index is trading flat. This has impacted the breath which is off the highs. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5%-3%, there were no runaway rallies seen.

Europe is off the highs after UK based HBOS reported pound 227 million.  

Nifty has breached 4600 mark and is hovering around the 4600 mark and Sensex has slipped below 15200 levels. Other than realty, all BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.

At 2.31 hrs IST, the Sensex is up 281.64 points or 1.90% at 15115.10, and the Nifty up 66.90 points or 1.48% at 4599.90.

About 1075 shares have advanced, 1892 shares declined, and 92 shares are unchanged.

BSE Midcap index is absolutely flat and smallcap index is down 1% . BSE IT, Bankex and capital goods index were up over 2.5% followed by realty up and power index.

Wipro, SAIL, JP Associates are trading firm each up over 6%; followed by Satyam up over 5%. ICICI Bank, HDFC Bank, SBI, Bharti Airtel, PNB, L&T, RPL and RNRL were the other gainers.

Ranbaxy, Tata Power, Grasim, BPCL, Dr Reddy's are among some of the losers.

Mkt trades in green but off highs: JP Associates, Wipro up

1.11 pm: It has been a stable session for till now as markets continue to trade higher with smart gains. Although it has been a smidge lower from the high point of the day. Pressure is seen in midcap and smallcap stocks. The smallcap index has slipped and is trading marginally in red. This has impacted the breath which is off the highs. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5%-3%, there were no runaway rallies seen.

Nifty is hovering around the 4650 mark and Sensex has slipped below 15300 levels. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.

At 1.11 hrs IST, the Sensex is up 410.33 points or 2.77% at 15243.79, and the Nifty up 99.95 points or 2.20% at 4632.95.

About 1316 shares have advanced, 1654 shares declined, and 89 shares are unchanged.

BSE Midcap index is up over 1% and smallcap index is trading absolutely flat. BSE IT, Bankex and capital goods index were up over 2.5% followed by realty up and power index.

Wipro, SAIL, JP Associates are trading firm each up over 6%; followed by Satyam up over 5%. ICICI Bank, HDFC Bank, SBI, Bharti Airtel, PNB, L&T, RPL and RNRL were the other gainers.

Ranbaxy, Tata Power, Grasim, BPCL, Dr Reddy's are among some of the losers.

11.33 am: Mkt trades with hefty gains: Bank, realty, cap goods surge

The markets are trading firm at the higher as sustained buying continues, its a smidge down from the high point of the day.After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia is trading in green most with gains of over 1.5%, there are no runaway rallies seen.

 It is the smallcaps that have underperformed a bit. Nifty has maintained 4650 and Sensex has latched on to 15300 levels. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.

At 11.33 hrs IST, the Sensex is up 482.79 points or 3.25% at 15316.25, and the Nifty up 113.95 points or 2.51% at 4646.95.

About 1536 shares have advanced, 1432 shares declined, and 90 shares are unchanged.

JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.

In the global markets Asian markets were trading firm. Hong Kong's Hang Seng up nearly 3%, Japan's Nikkei up over 2%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.  

Mkt trades firm: Bank, realty, cap goods surge

The markets are trading firm at the higher level on buying seen in scrips across sectors. After the Fed cut discount rate by 75 bps markets across globe have rallied. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.

Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back. BSE Midcap index is up over 3% and smallcap index is up nearly 3%.

Bankex is up over 5% followed by realty up 5%, capital goods and power index up over 3.5%.

At 10.29 hrs IST, the Sensex is up 530.72 points or 3.58% at 15364.18, and the Nifty up 132.70 points or 2.93% at 4665.70.

About 1787 shares have advanced, 1191 shares declined, and 80 shares are unchanged.

JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.

In the global markets Asian markets were trading firm. Hong Kong's Hang Seng added 3.61%, Japan's Nikkei gained 3.23%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.  

The markets have opened on a strong note mirroring phenomenal rally in US markets as FOMC cut the Fed funds and discount rates by 75 bps. Asian markets are also supported this rally. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers in morning trade. Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back.

At 9:56 am, the Sensex was up 632 points at 15465 and the Nifty up 165 points at 4698. CNX Midcap gained by 241 points at 6,102.

SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.

The BSE Realty, Bankex, Power and Capital Goods indices were up nearly 4-6%. Oil & Gas, Metal, IT and Teck indices jumped over 3%.

Asian markets were trading firm. Hong Kong's Hang Seng added 3.61% or 772.85 points at 22,157.46. Japan's Nikkei gained 3.23% or 386.06 points at 12,350.22. Taiwan's Taiwan Weighted rose 2.04% or 164.32 points at 8,222.14. Singapore's Straits Times rose 2.05% or 58.15 points at 2,891.73. South Korea's Seoul Composite advanced 2.51% or 39.92 points at 1,628.67.

Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials. FOMC cut the Fed funds and discount rates by 75 bps; Fed funds rate now at 2.25% and the discount rate now at 2.50%. Dow added 420.41 points, or 3.51%, at 12,392.66. The Standard & Poor's 500 index gained 54.14 points, or 4.24%, at 1,330.74, and the Nasdaq composite index advanced 91.25 points, or 4.19%, to 2,268.26.

Market cues:

• Fed cuts Fed Funds Rate by 75 bps, discount rate by 75 bps
• FIIs net sell $ 156.8 m in equity
• MFs net sell Rs 100.5 cr in equity
• NSE F&O Open Interest down Rs 387 cr at Rs 63,949 cr

F&O cues:

• Futures Open Interest down by Rs 1,208 crore and Options Open Interest up by Rs 821 crore
• Nifty Mar Futures shed 44 lakh shares in Open Interest
• Nifty April Futures add 20 lakh shares in Open Interest
• Nifty Mar at 15-point premium, April at 2-point premium
• Nifty Open Interest Put-Call ratio at 0.83 Vs 0.85
• Nifty Puts add 4.8 lakh shares in Open Interest
• Nifty Calls add 11 lakh shares in Open Interest
• Nifty 4400 Put adds 3.3 lakh shares in Open Interest
• Nifty 4250 Put adds 2.3 lakh shares in Open Interest
• Nifty 4300 Put adds 1.2 lakh shares in Open Interest
• Nifty 4700 Call adds 4.2 lakh shares in Open Interest
• Nifty 4800 Call adds 2.2 lakh shares in Open Interest
• Stock Futures shed 1.3 cr shares in Open Interest