Mkts end higher led by realty, banks, IT, power, metal stks

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

Markets @ 11:42 am : Mkts northbound; Bankex, Realty, IT, Power up over 2%

Bulls are fully supportive to the markets. Buying interest has seen in banking, technology, realty, telecom, power, capital goods, metal and oil stocks. The Nifty has hit 4600 in early trade and is hovering around that level. On the global front,  Asian markets are trading in positive terrain.

Market breadth is positive; nearly 972 shares are advancing while 190 shares declining.

At 11:42 am, the Sensex was up 272 points at 15,462 and the Nifty up 73 points at 4,590. The Nifty June Futures was trading at 10 points discount.

BSE Bankex was up 2.6%, IT 2.7%, Realty 2.5%, Power 2%, Capital Goods 1.8%, Metal 1.75%, Oil & Gas 1.3% and Healthcare 0.93%.

Midcap and Small Cap indices shot up over 1.6% each. Amongst midcap stocks Atlas Copco, National Fert, Engineers Ind, Welspun Gujarat, Jindal Saw, Plethico Pharma, Ipca Labs, Elecon Engg and Nagarjuna Const were up over 5% and small cap stocks like Vaibhav Gems, Ashiana Housing, Mcleod Russel, ETC Networks, Simplex Projects, BLB, Piramal Glass, INOX Leisure, Varun Industries, Royal Orchid, Jayshree Tea and BAG Films jumped over 6%.

Yes Bank has hiked prime lending rates, PLR by 50 bps. The stock shot up 3.6%.

Atlas Copco board will meet on June 25 to consider buyback; stock down 2.7%.

Nagarjuna Constructions jumped over 5.4% after the company has bagged 3 orders worth Rs 575 crore.

Markets @ 10:27 am : Mkts strong; Nifty hovering around 4600

The markets are witnessing huge buying interest on the back of gains in banking, technology, realty, metal, power, capital goods and oil stocks. Midcap and small cap stocks are trading higher. The Nifty is hovering around 4600 and the Sensex around 15500 levels. On the global front, Asian markets are strong.

At 10:27 am, the Sensex was up 309 points at 15,499 and the Nifty up 84 points at 4,601. The Nifty June Futures was trading at a 14 points discount. 

Amongst frontliners, GAIL was up 4.6%, ICICI Bank 4.4%, Unitech 3.7%, Infosys Tech 3.2% and HDFC Bank 3.17% while Tata Motors down 0.23% and Cairn India 1.7% (as crude fell to USD 133.98 per barrel).

Chambal Fertilisers, Reliance Industries, Ranbaxy Labs and Reliance Capital were most active counters on the bourses.

Realty Index shot up 2.56% as buying seen in HDIL, Unitech, Indiabulls Real, DLF, Parsvnath and Peninsula Land.

Bankex jumped 2.75% due to buying in Federal Bank, ICICI Bank, HDFC Bank, Bank of India, Kotak Mahindra and Axis Bank.

Technology stocks like Infosys, HCL Tech, Patni Computer, Tech Mahindra, Wipro and Satyam have gained. IT Index was up 2.5%.

Telecom stocks like Spice Comm, Bharti Airtel, Tata Comm, Tata Teleservices, MTNL, Idea Cellular and Reliance Comm also moved up.

Power stocks have charged up. Index was up 2% due to buying in Power Grid Corp, Reliance Infra, Suzlon Energy, Tata Power and NTPC.

Metal stocks like Jindal Saw, JSW Steel, Sterlite Ind, JindalStainless, SAIL, Jindal Steel and Tata Steel have shined. Index shot up 2%.

Oil stocks like GAIL, BPCL, Essar Oil, ONGC, Reliance Industries, HPCL and IOC have surged. Index jumped 1.7%.

Capital Goods Index rose by 1.8% due to buying in Siemens, Astra Microwave, Alstom Projects, Crompton Greaves, Thermax, BHEL and L&T.

Pharma stocks like Ipca Labs, Panacea Biotech, Sun Pharma Adv, Aurobindo Pharma, Wockhardt, Ranbaxy Labs and Cipla are witnessing buying interest. Index was up 1.3%.x

Markets @ 9:56 am : Mkts open higher on strong global cues

The markets have opened higher following strong global cues as US markets ended higher on Friday and Asian markets are trading higher. Buying interest has seen in technology, capital goods, metal, power, banking and oil stocks. Midcap and small cap indices are strong. The Nifty is moving towards 4600.

At 9:56 am, the Sensex was up 220 points at 15,410 and the Nifty up 70 points at 4,587. The CNX Midcap was up 81 points at 6,172.

Amongst frontliners, BHEL, Reliance Petro, Suzlon, Idea, DLF, Bharti, GAIL, BPCL, ICICI Bank, Infosys, JP Associates, Cipla, HDFC, Ambuja Cements, Satyam, L&T, TCS, SBI, Reliance Industries and Tata Steel have gained while Tata Motors, M&M and Reliance Communications were losers.

GAIL shot up over 5% as the company will consider bonus issue in the board meeting on June 23.

Unitech jumped by 3.5% after the news that Lehman Brothers Real Estate Partners will invest USD 175 million in Unitech's Mumbai project. Lehman will acquire 50% stake in Western Expressway Project in Mumbai.

Asian markets were trading strong; Nikkei was up 2.6%, Staits Times 2%, Hang Seng 2.75%, Kospi 1% and Shanghai up 1%.

In US markets stocks rallied led by financial and technology stocks, as a tame core-inflation reading and lower crude prices helped the market end a chaotic week on a high note. At the end of friday's trade Dow Jones closed up 166 points at 12,307, Nasdaq shut 50 points up at 2,454.50. The Standard & Poor's 500 index advanced 20.16 points to 1360.03.

Market cues:

• FIIs net sell $283 mn in equity on June 12
• MFs net buy Rs 228 cr in equity on June 12
• NSE F&O Open Int up by Rs 4,274 crore at Rs 82,282 crore

F&O cues:

• Stock Futures add 1.5 cr shares in Open Int
• Futures Open Int up by Rs 2162 crore, Options Open Int up by Rs 2112 crore
• Nifty Futures add 7 lakh shares in Open Int, at 32-point discount
• Nifty Open Int Put-Call ratio unchanged at 1.61
• Nifty Puts add 9.8 lakh, Calls add 7.3 lakh shares in Open Int
• Nifty June 4400 Put adds 2.8 lakh shares in Open Int
• Nifty Jul 4300 Put adds 2 lakh shares in Open Int
• Nifty 4700 Call adds 1.5 lakh shares in Open Int