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Mkt ends in green: Midcaps, cap goods, realty up

Published on Tue, Mar 11, 2008 at 09:49 , Updated at Wed, Mar 12, 2008 at 09:20
Source : moneycontrol.com

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The markets ended in green with moderate gains. Global markets provided strong cues as Asian markets closed higher and European markets were trading with good gain. The broader markets outperformed the benchmark indices giving markets positive breadth. The BSE capital goods and realty indices surged ahead of the other sectoral indices.

Sensex closed up 199.43 points or 1.25% at 16123.15, and the Nifty up 65.50 points or 1.36% at 4865.90.

About 2222 shares have advanced, 778 shares declined, and 51 shares are unchanged.

The BSE Midcap Index ended at 6,992.84 up 3%.

The BSE Smallcap Index ended at 8,559.10 up 3.7%.

The BSE Bankex was up 0.6% at 8,487.24. IOB, ICICI Bank, Centurion bank, Axis closed in green.

The BSE Capital Goods Index closed at 14,060.65 up 5.4%. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher.

The BSE Auto Index closed at 4,669.34 up 0.3%. Bajaj Auto, Tube Investment, Apollo Tyres, Escorts closed higher.

The BSE Metal Index closed at 16,072.74 up 1.7%. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher

The BSE FMCG Index closed up 0.7% at 2,204.41. Colgate, ITC, Nestle, Dabur ended higher

BSE Oil and Gas Index closed at 10,560.64 up 3%.  BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.

The BSE IT Index was at 3,548.78 down 0.6%. HCL, Infosys, Tech Mahindra, TCS, Tech Mahindra closed lower.

Mkts trading in green but off day's high

The markets are trading in green but off the day’s high. The BSE capital goods and realty indices have outperformed the other sectoral indices. Global markets have also participated in the uptrend as Asian markets closed higher and European markets trading with good gain.

At 15.46 hrs IST, the Sensex is up 238.26 points or 1.50% at 16161.98, and the Nifty up 65.30 points or 1.36% at 4865.70.

About 2203 shares have advanced, 791 shares declined, and 57 shares are unchanged.

Capital goods and real estate stocks have outperformed the other indices and are the top gainers on indices. Only IT index is trading weak.

Top gainers on the Sensex are DLF at Rs 728.30 up 7.05%, L&T at Rs 2,918.10 up 6.94% and Bajaj Auto at Rs 2,084.00 up 4.99%.

Top laggards on the bourses are Satyam, HDFC, Tata Communication, Bharti Airtel, Maruti Suzuki, Satyam, Tata Comm and Sun Pharma.

Most active shares on BSE are Reliance Energy, Jai Corporation and RNRL.

Mkts still in green: Midcap, cap goods, realty up

The markets are trading with stable gains on account of sustained buying seen in scrips across sectors. Broader markets have also participated in the uptrend and have outperformed the benchmark indices giving market positive breadth. Buying interest is seen in capital goods, power, oil, cement and pharma stocks.

At 12.59 hrs IST, the Sensex is up 159.78 points or 1.00% at 16083.50, and the Nifty up 64.10 points or 1.34% at 4864.50.

About 2057 shares have advanced, 910 shares declined, and 84 shares are unchanged.

Capital goods and real estate stocks have outperformed the other indices and are the top gainers on indices. Only IT index is trading weak.

L&T iand DLF are the top gainers up 7% each; followed by Bajaj Auto, BHEL, GAIL and Unitech.

Top laggards on the bourses are Satyam, HDFC, Tata Communication, Bharti Airtel, Maruti Suzuki, Satyam, Tata Comm and Sun Pharma.

Market trades in green: Midcap, cap goods , realty up

The markets are trading in green on account of sustained buying seen in scrips across sectors. Broader markets have also participated in the uptrend and have outperformed the benchmark indices giving market positive breadth. Buying interest is seen in capital goods, power, oil, cement and pharma stocks.

At 11.35 hrs IST, the Sensex is up 124.03 points or 0.78% at 16047.75, and the Nifty up 42.40 points or 0.88% at 4842.80.

About 1921 shares have advanced, 1047 shares declined, and 83 shares are unchanged.

Capital goods and real estate stocks have outperformed the other indices and are the top gainers on indices. Only IT index is trading weak.

L&T isthe top gainer up over 7%; followed by DLF, Bajaj Auto, BHEL, GAIL and Unitech.

Top laggards on the bourses are Bharti Airtel, Maruti Suzuki, Satyam, Tata Comm and Sun Pharma.

Markets bounce back; Sensex above 16K mark

The markets have shown some recovery, turned into positive terrain on the back of buying interest in capital goods, power, oil, cement and pharma stocks. Market breadth is positive, NSE advance:decline ratio of 3.5:1. Midcap stocks have bounced back. However, Asian markets are still trading lower barring Taiwan.

At 10:35 am, the Sensex was up 114 points at 16,038 and the Nifty up 27 points at 4,826. About 1547 shares have advanced, 1417 shares declined, and 85 shares are unchanged.

DLF, L&T, BHEL, GAIL and Unitech are top gainers on bourses while losers are Bharti Airtel, Maruti Suzuki, Satyam, Tata Comm and Sun Pharma.

RNRL, Reliance Petroleum, Reliance Industries and Reliance Energy are most active shares on bourses.

Capital Goods, Power, Realty and FMCG stocks have gained while auto and technology stocks are still in red.

Markets open lower on weak global cues

The markets have opened lower in early trade following weak Asian and US markets cues, and selling pressure in banking, capital goods, technology, realty, pharma and telecom stocks also led to fall. Market breadth is also in negative.

At 9:56 am, the Sensex was down 185 points at 15,739 and the Nifty down  63 points at 4737.

ICICI Bank, Kotak Mahindra Bank, Reliance Energy, L&T, Hero Honda, Sun Pharma, HDFC Bank, Dr Reddy's Labs, ABB, Bharti Airtel, Reliance Ind, DLF, M&M, Sterlite and Infosys were losers in the morning trade.

Major Asian markets were trading lower.

Wall Street fell for a third day to the lowest level since 2006. The fall was led by a plunge in financial shares as a fresh wave of credit worries rattled the market. Bear Stearns tumbled amid news that the brokerage firm has liquidity problems.  The Dow Jones industrial average plunged 153.54 points, or 1.29%. The Standard & Poor's 500 index was down 20 points or 1.55%, to 1,273.37, while the Nasdaq composite index declined 43.15 points, or 1.95%,  to 2,169.34.

Market cues:

  • FIIs net buy $ 274.4 m in equity; includes around $150 m from REC IPO
  • MFs net sell Rs 51.5 cr in equity
  • NSE F&O Open Interest up by Rs 1,902 crore at Rs 66,791 crore
  • IIP numbers to be released today; likely to be 8% in Jan Vs 7.6% in Dec

F&O cues:

  • Futures Open Interest up by Rs 1,170 crore and Options Open Interest up by Rs 732 crore
  • Nifty Futures shed 2.7 lakh shares in Open Interest
  • Nifty Open Interest Put-Call ratio at 1.01 Vs 1.06
  • Nifty Puts add 3.1 lakh shares in Open Interest
  • Nifty Calls add 10 lakh shares in Open Interest
  • Nifty 4500 Put adds 6.3 lakh shares in Open Interest
  • Nifty 4800 Put sheds 1.56 lakh shares in Open Interest
  • Nifty 4900 Put sheds 1.53 lakh shares in Open Interest
  • Nifty 5000 Call adds 2.4 lakh shares in Open Interest
  • Nifty 4800 Call adds 2 lakh shares in Open Interest

Messages on Market Outlook - Short Term

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WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

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Has your confidence in equities been shattered?

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