Mkts end flat; oil & gas, metal, realty up, IT, cement dip

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Mkts turn choppy; Infy, TCS, HDFC, Tata Motors, ITC lose

At 15:02 hours IST - the markets were trading higher though they slipped a bit from the day's high. Oil & gas, metal, capital goods, realty and select banking stocks were supporting the markets. The indices were still seeing some consolidation.

However, the selling was seen in Infosys, TCS, HDFC, ITC, Sun Pharma, Suzlon Energy, Reliance Communication, Wipro, Idea, Grasim, Hero Honda, Ambuja Cements and Tata Power, which fell 1-3.5%. Tata Motors plunged 7.5%. ICICI Bank and Bharti Airtel also declined.

The Sensex was up 46 points, to 14,810 and the Nifty gained 18 points at 4,394. The breadth was positive; about 907 shares advanced while 330 shares declined. Among the broader indices, the BSE Midcap Index rose 1.3% and Smallcap Index went up 1.8%.

Mkts northbound led by oil & gas, banks, realty, metals

At 14:05 hours IST - the buying in infrastructure, oil & gas, banking, realty and metal stocks strengthened the markets. Positive European markets were also being supportive to our markets. The Sensex was moving towards the 15000 mark while the Nifty was inching towards the 4450 level.

Reliance Industries, ONGC, DLF, BHEL, Jindal Steel, Axis Bank, Sterlite, NTPC, SAIL, SBI, ICICI Bank, L&T and HDFC Bank were leading counters, gained 1.5-8%. However, the selling in Infosys, ITC, TCS, HDFC, Tata Motors, Suzlon, Wipro, Sun Pharma, Grasim and Idea was putting pressure on the markets as well as adding to the volatility.

The Sensex went up 157 points, to 14,922 and the Nifty gained 55 points at 4,430. About 918 shares advanced while 310 shares declined on the NSE. Broader indices were up 1.8-2%.

On the sectoral front, BSE Realty, Metal, Oil & Gas, Bank, Power and Capital Goods indices gained 2-4%. However, IT Index slipped 1%.

On the global front, European markets were trading higher. The FTSE was up 26 points, to 4,267. The CAC rose 21 points, to 3,150 and the DAX gained 35 points at 4,810.

Corporate News

Bombay HC approved RIL-RPL merger with 4-week stay. Both stocks were up over 3%.

Welspun Gujarat is going to bag Rs 1,000 crore overseas order, reports CNBC-TV18 quoting sources. The stock gained 4%.

Gremach Infra will raise up to $100 million; the stock locked at 5% upper circuit.

BHEL was up 2.5%. The company received order worth Rs 170 crore from Chennai Petro.

Nifty above 4400; RIL, ONGC, DLF, NTPC, BHEL, SAIL lead

At 13.00 hours IST - the markets gained some strength on the back of upsurge in oil & gas, capital goods, metal, realty, power and banking stocks. The 50-share NSE Nifty surpassed the 4400 mark but the volatility was still lingering.

However, there was some resistance as selling in Infosys, TCS, Tata Motors, ITC, Suzlon, Sun Pharma, HDFC, Grasim, Wipro, Idea and Tata Power capped the gains.

The Nifty rose 43 points, to 4,419 and the Sensex gained 123 points at 14,887. The BSE Midcap and Smallcap indices went up 1.7-2%.

The market breadth was positive; about 1804 shares advanced while 940 shares declined on the BSE. Nearly 410 shares were unchanged.

Top gainers - DLF was at Rs 343.40, up 5.48%; Sterlite Industries was at Rs 639.05, up 4.41%; ONGC was at Rs 1,078.15, up 3.58%; Tata Steel was at Rs 400.25, up 3.18%; Reliance Industries was at Rs 2,075.55, up 2.31%; Jindal Steel was at Rs 2,581, up 5.58%; Axis Bank was at Rs 862.15, up 5.39% and ABB was at Rs 825.65, up 4.60%.

On the sectoral front, BSE Realty Index shot up 4%. Metal, Oil & Gas, Power, Bank and Capital Goods indices gained 1.4-2.8%. However, IT Index fell 1.4%.

Newly listed Rishabhdev Technocables slipped below its issue price of Rs 33 a share. It was trading at Rs 32, down 3%.

Mkts volatile with positive bias; midcaps outperform

At 11:59 hours IST, buying in oil & gas, realty, metal, select banking and power stocks was helping the markets but selling in cement, technology stocks along with L&T, Tata Motors, Maruti, HDFC, ITC, Suzlon and Tata Power capped the gains. Such two-way moves were adding to the volatility.

The Nifty went up 19 points, to 4,395 and the Sensex gained 55 points at 14,819. The broader indices were outperforming the benchmark indices, gained 1.7-2%.

The market breadth was in favour of advances; about 1803 shares advanced while 920 shares declined. Nearly 431 shares were unchanged.

In the midcap space, Blue Star, Nagarjuna Construction, Motilal Oswal, HDIL and Tulip Telecom (ahead of numbers) were up 5-10%. In the smallcap segment, Amtek India, Ajmera Realty, Asahi India, Finolex Industries and Polyplex Corp gained 9-20%.

In the oil & gas space, ONGC, BPCL, IOC, Reliance Industries, Reliance Petroleum and HPCL went up 1-3%. Realty stocks like HDIL, Omaxe, Sobha Developer, Orbit Corporation, Parsvnath, DLF, Akruti City, Unitech and Indiabulls Real shot up 2-5%.

In the metals space, Jindal Steel, Sterlite, SAIL, JSW Steel, Hindustan Zinc, Tata Steel and Jindal Saw were up 2-3%. Banking stocks like Axis Bank, Union Bank, Kotak Mahindra, PNB, ICICI Bank and SBI gained 0.8-5%.

In the power pack, GMR Infra, GVK Power, Reliance Power, Torrent Power, Reliance Infrastructure, NTPC and Power Grid Corp were up 1-7.8%.

Mkts quiet; IT, cement dip, realty, metals, oil & gas gain

At 10:56 hours IST - the benchmark indices were witnessing volatility. The Nifty and Sensex were hovering around their previous closing values of 4375.50 and 14,764.64, respectively.

Buying was seen in metal, power (barring Suzlon Energy), realty, select banking and oil & gas stocks. However, technology, cement stocks along with HDFC, Sun Pharma, ITC, L&T, Tata Motors, Maruti, Bharti and ICICI Bank were under pressure.

The Sensex was down 64 points, to 14,700 and the Nifty fell 19 points, to 4,356. Among the broader indices, the BSE Midcap and Smallcap indices were up 1% each.

Cement stocks like ACC, Ambuja Cements and Grasim fell 1.5-3%. Technology stocks like Infosys, Wipro and TCS lost 1-2.7%. However, in the realty space, DLF and Unitech gained nearly 4%.

Metal stocks like Sterlite, Tata Steel and SAIL were up 1-1.7%.

The market breadth was positive; about 1648 shares advanced while 1029 shares declined on the BSE. Nearly 477 shares were unchanged.

In the midcap space, Max India, HDIL, Bajaj Hindusthan, Future Capital and Puravankara Projects gained 5-5.8% while Kirloskar Oil, Gujarat NRE Coke, India Cements, Apollo Tyres and Bombay Rayon fell 3-4%.

In the smallcap space, Fem Care Pharma, EIH Associated Hotel, Polyplex Corp, Premier and Century Plyboard went up 7.5-9% while Balkrishna Industries, Dhanuka Agritec, Sahara One, Money Matters and Rallis India slipped 4-7%.

Mkts choppy; Suzlon, Sun Pharma, Tata Motors slip

The markets opened on a positive following Friday's rally but immediately turned volatile. Among the frontliners, Unitech, BPCL, HDFC Bank, Power Grid, Hindalco, Sterlite, Reliance Capital, GAIL, Ambuja Cements, HCL Tech and Tata Steel were witnessing buying interest. However, Suzlon, Tata Motors, Sun Pharma, ICICI Bank and ACC lost ground.

At 9:56 am, the Nifty was up 11 points at 4,386 and the Sensex rose 27 points, to 14,791. The CNX Midcap went up 25 points, to 5,536. About 430 shares advanced while 109 shares declined on the NSE.

Unitech was up over 3%, as the company raised $ 575 million from second QIP. Tata Steel has bounced back after seeing selling pressure on Friday.

Suzlon Energy tanked over 6% and Tata Motors slipped over 3.5% post disappointing numbers. Sun Pharma was down 3% as the company withdrew FY10 guidance.

Rishabhdev Technocables listed on the BSE today, went up 20% to Rs 40 a share as against its issue price of Rs 33 a share.

Midcap Space

Bajaj Hindusthan, Bank of Rajasthan, S Kumars Nationwide, IFCI and Nagarjuna Construction were the gainers.

Indiabulls Real, Glenmark Pharma (post weak numbers), Gujarat NRE Coke (post disappointing numbers), JP Hydro, RNRL, India Cements, TVS Motors and Sesa Goa were the losers.

Global Cues:

Asian markets were trading marginally higher. Shanghai Composite, Hang Seng, Nikkei, Kospi and Taiwan Weighted gained 0.3-0.6%. Straits Times was flat.

The US Markets ended flat amid narrow range. The Dow Jones Industrial Average lost 1.2% last week. It was down 34 points at 8,439 on Friday.

The Nasdaq Composite was up 8.7 points at 1,838 and the S&P 500 ended flat at 919.

Market cues:

-FIIs net sell USD 213 million on June 25
-MFs net buy Rs Rs 691 crore on June 25
-NSE F&O Open Int up by Rs 5,299 crore
-FIIs net buy Rs 551 crore in cash markets on June 26 (prov)
-DIIs net buy Rs 334 crore in cash markets on June 26 (prov)
-FIIs net buy Rs 1,214 crore in F&O

F&O cues:

-Total Futures Open Int up by Rs 2,470 crore, total Options Open Int up by Rs 2,829 crore
-Nifty up 3.2%, Futures up 3%
-Nifty July Futures at 9-pt premium versus 18-pt premium on Thursday
-Nifty IVs between 35%-39%
-Nifty Open Int Put Call Ratio remains at 0.94
-Nifty Calls add 28 lakh shares in Open Int, Nifty Puts add 26 lakh shares in Open Int
-Nifty 4300 Put adds 6.7 lakh shares in Open Int
-Nifty 3900 Put adds 5.2 lakh shares in Open Int
-Nifty 4700 Call adds 4.95 lakh shares in Open Int
-Nifty 4400 Call adds 4.27 lakh shares in Open Int
-Nifty 4000 Put adds 4.27 lakh shares in Open Int
-Stock Futures add 5.8 cr shares in Open Int