 Biggest gain for Sensex since Mar 08; DLF, HDFC top starsPublished on Wed, Jul 02, 2008 at 08:57 | Source : Moneycontrol.com Updated at Wed, Jul 02, 2008 at 21:02 Like this story, share it with millions of investors on M3
Markets @ 12:03 pm : Mkts trading positive; IT, Bank, Metal surge Markets are trading with some gains after highly choppy session. Buying interest is seen in IT, bank and metal stocks while power, realty and FMCG indices are witnessing selling pressure. The BSE smallcap and midcap indices down 2.31% and 1.52% respectively. At 12.03 hrs IST, the Sensex is up 126.56 points or 0.98% at 13088.24, and the Nifty up 27.60 points or 0.71% at 3924.35. About 689 shares have advanced, 2219 shares declined, and 225 shares are unchanged. "This fall has been rather speedy and one sided so we are somewhat close to about bottom at least for the near-term," says Anand Tandon, Director equities, BRICS Securities. Top gainers on the Sensex are Wipro at Rs 438 up 5.28%, M&M at Rs 460.10 up 4.54% and Satyam at Rs 449.35 up 3.96%. Tech major Infosys was trading at Rs 1,755.25 up 2.63% from its previous close of Rs 1,710.35. However, top losers on the bourses are Unitech at Rs 151.70 down 6.21%, Suzlon Energy at Rs 184.25 down 5.68%, ABB at Rs 724.50 down 5.53%, Reliance Infra at Rs 668.50 down 4.78%, ACC at Rs 487.95 down 3.46% and Tata Motors at Rs 397 down 2.8%. Cigarette major ITC was trading at Rs 180.55 down 1.58% from its previous close of Rs 183.45. Markets @ 11:22 am : Mkts volatile; Wipro, Satyam, Infosys, ONGC top gainers Markets are witnessing extreme volatility and showing no signs of strong rebound since last few days. Reliance Ind, HDFC, ICICI Bank, ITC, Tata Steel, DLF and Suzlon Energy are dragging both indices lower while ONGC, Wipro, Infosys, Satyam and Reliance Comm trying to support markets. Sell off in midcap and small cap stocks has pushed breadth in favour of declines. Market breadth is pathetic; about 573 shares are advancing while 2338 shares declining. Nearly 222 shares are unchanged. At 11:22 pm, the Sensex was down 77 points at 13,884 and Nifty down 30 points at 3,867. Nifty July Futures was trading at 30 points discount. BSE Midcap and Small Cap indices fell nearly 3% each. Top gainers are Wipro, Satyam, Infosys and ONGC while losers - Tata Motors, ACC, JP Associates, ABB, Suzlon and Unitech. BSE Power Index plunged 2.8%, Realty -2%, FMCG -1.94% and Capital Goods -1.75%. Metal, Bankex and Auto declined over 0.6%. However, IT rose nearly 2%. Markets @ 10:34 am :Mkts choppy; realty, banks, power, midcap stks down Markets have given up their early trade gains and turned into choppy mode. Selling pressure has seen in realty, banking, power, select oil and capital goods stocks. However, buying continued in technology stocks. Market breadth is weak; about 898 shares are advancing while 1992 shares declining. Nearly 243 shares are unchanged. Draggers of indices are ICICI Bank, Bharti Airtel, Reliance Ind, DLF, JP Asso, Suzlon and Unitech while movers - Infosys, Wipro, Reliance Comm, TCS and Satyam. At 10:34 am, the Sensex was down 21 points at 12,940 and Nifty down 12 points at 3,884. Nifty July Futures was trading at 30 points discount. BSE Midcap and Small Cap indices were down over 1.8% each. Realty Index fell 2.7% due to selling pressure in Orbit Corporation, Mahindra Life, Omaxe, Sobha Developers, DLF, Peninsula Land, Parsvnath, Unitech and HDIL. Banking stocks like PNB, ICICI Bank, IndusInd Bank, IOB, Axis Bank, IDBI Bank, Union Bank have lost ground. Index plunged nearly 1%. Power index was down 1.5% as selling pressure seen in Lanco Infratech, Suzlon Energy, GVK Power, Torrent Power, Neyveli Lignite, Reliance Power, Power Grid Corp and GMR Infra. Most active counters on the bourses are Reliance Ind, Reliance Cap, Reliance Petro and ICICI Bank. Top losers are ICICI Bank, DLF, Jaiprakash Associates, Suzlon Energy and Unitech while Wipro, Satyam, Infosys, and Reliance Comm gainers. Markets @ 9:56 am : Mkts trading higher; IT, banks, CG stocks gain Markets have broken losing streak of last three days and opened higher following positive cues from US markets. Buying has seen in banking, capital goods, technology and select oil stocks. Amongst frontliners, Reliance Comm, Tata Motors, BHEL, L&T, Wipro, JP Associates, Reliance Infra, ACC, Infosys, Reliance Ind, ICICI Bank, SBI and TCS have gained. At 9:56 am, the Nifty was up 27 points at 3,924 and Sensex up 140 points at 13,102. The CNX Midcap was up 35 points at 5,028. The Indian Rupee was trading at 43.30 a dollar. Crude was trading above USD 142 per barrel on the NYMEX. Elder Pharma jumped 14% in early trade. Asian markets were trading mixed. Nikkei was down 1.09%, Kospi -2.6%, Taiwan Weighted -0.7% and Hang Seng -1.5% while Straites Times up 0.6%, Jakarta Composite 0.5% and Shanghai 1.6%. US markets finally managed to eke out a gain, fueled by better than expected sales figures from general motors, short covering and a pop in a manufacturing gauge. The Dow Jones rose 32.25 points, or 0.28%, to 11,382.26. The S&P's 500 index gained 4.91 points, or 0.38%, to 1,284.91. Nasdaq advanced 11.99 points, or 0.52%, to 2,304.97. Market cues:
F&O cues:
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