| CNBC TV18 Matrix | SENSEX | NIFTY |
Mkts end flat on disappointing IIP nos: Metal down
Published on Wed, Mar 12 at 09:49 , Updated at Wed, Mar 12 at 18:54
Source : moneycontrol.com
| ads by google |
The markets ended ended flat after trading in green for major part of the day. The weakness was seen despite encouraging cues from the US and Asia, which closed higher. Nifty was down nearly 150 points from the day's high and Sensex was down 550 points from the highs. Metal stocks were the worst hit with Sail, Tata Steel and Hindalco among the top losers. Jan Industrial growth was at 5.3% versus 11.6%, YoY lower than market expectation; capital goods growth was at 2.1% versus 16% last year. This negatively impacted the markets and specifically the capital goods which are off the highs. Sensex closed up 4.83 points or 0.03% at 16127.98, and the Nifty up 6.10 points or 0.13% at 4872.00. About 1389 shares have advanced, 1594 shares declined, and 70 shares are unchanged. The BSE Midcap Index ended at 6,909.85 down 1.2%. The BSE Smallcap Index ended at 8,531.92 down 0.3%. The BSE Bankex was up 1% at 8,554.85. IOB, ICICI Bank, Centurion bank, Axis closed in green. The BSE Capital Goods Index closed at 14,101.56 up 0.3%. Suzlon, Reliance Infra, Triveni Engineering closed higher. The BSE Auto Index closed at 4,649.51 down 0.4%. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed lower. The BSE Metal Index closed at 15,688.91 down 2.4%. SAIL, Hindalco, Tata Steel, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed lower The BSE FMCG Index closed down 1% at 2,181.18. Colgate, ITC, Nestle, Dabur ended higher BSE Oil and Gas Index closed at 10,642.09 up 0.8%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher. The BSE IT Index was at 3,472.41 down 2%. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower. The NSE cash turnover was at Rs 15579.8 crore and the NSE F&O turnover was at Rs 44632.78 crore. The BSE cash turnover was Rs 7199.46 crore. Total market wide turnover was at Rs 67412.04 crore.
Mkts slip: Midcaps, FMCG, metal down
The markets have slipped into the red. FMCG and metal stocks are witnessing selling pressure. On the global front, major Asian markets ended higher. Europe are trading strong. At 15.57 hrs IST, the Sensex is up 19.03 points or 0.12% at 16142.18, and the Nifty up 4.00 points or 0.08% at 4869.90. About 1496 shares have advanced, 1480 shares declined, and 77 shares are unchanged. Hindalco, Tata Steel, Infosys and Siemens were top losers. Mkts trading higher; Rel Energy, Cairn, Unitech top gainers
The markets have trading higher but still off day's high due to disappointing IIP numbers. Buying interest is seen in banking, capital goods, pharma, oil, power and realty stocks. Market breadth is positive, NSE advance:decline ratio of 2:1. However, some auto, FMCG and metal stocks are witnessing selling pressure. On the global front, major Asian markets ended higher. Europe are trading strong.
At 2:15 pm, the Sensex was up 163 points at 16,286 and the Nifty up 47 points at 4,912. About 1805 shares have advanced, 1164 shares declined, and 83 shares are unchanged.
Reliance Energy, HDFC Bank, Cipla, Cairn India and Unitech are top gainers on the bourses while Hindalco, Tata Steel, Infosys and Siemens top losers.
REC, RNRL, Reliance Comm, Reliance Industries and JP Associates are most active shares.
On the primary market front, Rural Electrification Corp was trading at Rs 121.65, up by Rs 16.65, with volumes of 4,37,77,677 shares.
Realty stocks are witnessing strong buying interest, BSE Realty Index was up 4.4%.
Mkts trading in positive terrain; Realty, Bankex surge
The markets have shown some recovery after disappointing IIP numbers and are witnessing buying interest as major sectoral indices are trading with good gains. The BSE realty and banking indices have outperformed the other sectoral indices as they were up 5.83% and 3% respectively. The BSE oil & gas, power, pharma and capital goods indices were up 1% each. Even from global market, Asian markets closed in green.
At 13.26 pm, the Sensex was up 238.93 points or 1.48% at 16362.08, and the Nifty was up 60.65 points or 1.25% at 4926.55.
About 1891 shares have advanced, 1095 shares declined, and 66 shares are unchanged. Top gainers on the Sensex are HDFC Bank at Rs 1,400 up 5.11%, Reliance Energy at Rs 1,351.50 up 4.99% and ICICI Bank at Rs 889 up 4.04%. Top gainers on the Nifty are Unitech at Rs 308.50 up 9.09%, Cairn India at Rs 245.00 up 5.85% and Reliance Energy at Rs 1,355 up 5.37%. Most active shares on BSE Rural Elect, RNRL and Reliance Comm. Mkts slip from day's high on weak IIP Nos The markets have re-opened slightly lower after the sun outage on account of lower IIP numbers. Sensex is down 300 points and Nifty down 100 points from the day's high. Jan Industrial Growth At 5.3% versus 11.6%, YoY; capital goods growth was at 2.1% versus 16% last year. This has negatively impacted the markets and specifically the capital goods which are off the highs. Metal stocks are among the other laggards. At 12.33 hrs IST, the Sensex is up 170.23 points or 1.06% at 16293.38, and the Nifty up 30.10 points or 0.62% at 4896.00. About 2120 shares have advanced, 861 shares declined, and 71 shares are unchanged. Metal stocks are trading weak. Hindalco, SAIL, Tata Steel are among the top losers on the indices. Maruti Suzuki is also in red down over 1%. Top frontlines gainers on the indices are Reliance Energy, HDFC Bank up over 6%. Reliance Industries, NTPC, PFC, ICICI Bank, DLF, GAIL were the other gainers. Mkt trades higher: Realty, power, cap goods up The markets are trading strong on the back of positive cues from US markets and Asian markets, and buying interest in infrastructure, power, realty, oil, banking stocks. Nifty is trading well above 4900 mark and the Sensex over 16500 in morning trade. Broader markets are also trading firm and market breadth is positive. At 11.00 hrs IST, the Sensex is up 376.05 points or 2.33% at 16499.20, and the Nifty up 84.30 points or 1.73% at 4950.20. About 2268 shares have advanced, 723 shares declined, and 60 shares are unchanged. Top frontlines gainers on the indices are Reliance Energy up over 6.5%, HDFC Bank up over 6%, L&T up over 5%. Reliance Industries, NTPC, PFC, ICICI Bank, DLF, BHEL, Siemens, ABB, GAIL were the other gainers. On the primary market front, Rural Electrification listed at Rs 129.50 versus Rs 105 on the NSE. Metal stocks are trading weak. Hindalco, SAIL, Tata Steel are among the top losers on the indices. Maruti Suzuki is also in red down over 1%. Mkts open strong on positive global cues The markets have opened on strong note following positive cues from US markets and Asian markets, and buying interest in infrastructure, power, realty, oil, banking stocks. Nifty has crossed its 5000 mark and the Sensex over 16500 in morning trade. Market breadth is positive. At 9:56 am, the Sensex was up 560 points at 16,683 and the Nifty up 125 points at 4,991. L&T, Reliance Industries, NTPC, PFC, ICICI Bank, HDFC Bank, DLF, BHEL, Siemens, ABB, GAIL and Reliance Energy were the gainers. On the primary market front, Rural Electrification listed at Rs 129.50 versus Rs 105 on the NSE. Asian markets were trading higher. Hong Kong's Hang Seng added 2.84% or 653.36 points at 23,648.71. Japan's Nikkei surged 2.70% or 341.56 points at 12,999.84. Taiwan's Taiwan Weighted gained 1.83% or 153.50 points at 8,535.10. Singapore's Straits Times rose 2.64% or 75.58 points at 2,936.43. South Korea's Seoul Composite advanced 2.14% or 35.16 points at 1,676.64. Wall Street rallied the most in five years after the Fed decided to boost liquidity in order to shore up banks battered by mortgage- related losses. The Dow and Nasdaq posted their biggest one-day percentage gains since March 2003. For the S&P 500 index, it was the biggest percentage jump since October 2002. The Dow gained 416.66 points, or 3.6%, to 12,156.81. The Standard & Poor's 500 index advanced 47.28 points, or 3.7%, to 1,320.65, while the Nasdaq composite index added 86.42 points, or about 4%, to 2,255.76. Market cues:
F&O cues:
|
Messages on Market Outlook - Short Term
Other comments
Nifty may not see 4000 mark again !!!!
Hembhat, It is a matter to debate as to how high are the moral side of our political parties, We keep watching t...
in Market Outlook - Short Term - joetom at 27-Jul-08 07:21
Nifty may not see 4000 mark again !!!!
I am afriad that you may be stretching the imagination. Political parties will not involve in this coward act. All ...
in Market Outlook - Short Term - hembhat at 27-Jul-08 12:09
Rate this article
Latest Market Commentary
25-07 Sensex, Nifty end down 3%; Bankex, Oil&Gas slip 5%
24-07 Mkts end in red after 5-day successive rallies
Udayan's Comments
25-07 Bad global cues to keep mkts choppy
23-07 Mkts to remain bullish for next few days
F&O Markets
25-07 Internals suggest near-term direction still up
25-07 Nifty July futures sheds 13 lakh shares in OI
Market Interview Transcripts
24-07 Credit Suisse sees ONGC Q1 topline growth at $850 m
22-07 How have the mkts performed around trust vote?
CNBC TV18 Research Reports
26-07 Rising defaults stop banks' credit card onslaught
26-07 AP govt announces addl power holiday for ind
Brokerage Reports
Wealth Tips
Chat
Ambareesh Baliga
, Karvy Stock Broking
(28 Jul- 16:00hrs)
What's the outlook for the market?
Poll
Newsletter
Keep in touch with News day & night. Subscribe to:
Mobile Services
Get SMS Alerts
- CNBC TV18 Show Alerts
- Stock Alerts
- Breaking News Alerts
Get news on the move SMS to 52622
- SMS M for Market News
- SMS B for Latest Business News
- SMS S (stock name) for latest news


Offline
