Mkts end strong led by capital goods, metals, banks

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Mkts choppy; NTPC, ONGC lose, L&T, Infy, Tata Steel up

At 14:42 hours IST, the markets were extremely volatile. Selling was seen in NTPC, ONGC, SAIL, Power Grid, ICICI Bank, Nalco, Reliance Communication, Hindalco, M&M, ACC, Ambuja Cements, Sun Pharma, Tata Power and BPCL.

Reliance Industries recovered, the company is likely to approach Supreme Court next week, reports CNBC-TV18 quoting sources.

However, L&T, Infosys, ITC, TCS, Jindal Steel, Suzlon, HDFC Bank, Tata Steel, Maruti, Cipla, Tata Motors, Grasim, Reliance Infrastructure, Sterlite, Idea, Siemens and ABB were witnessing buying interest.

The Sensex went down just 3 points, to 14,262 and the Nifty fell 20 points, to 4,231. Broader indices were down 0.2-0.6%.

The market turned negative; about 1000 shares advanced while 1745 shares declined on the BSE. Nearly 404 shares were unchanged.

Mkts lacklustre; cap goods, IT up, oil & gas, power slip

At 13.38 hrs IST, the markets were trading with some volatility. The buying was seen in capital goods, IT, pharma stocks while oil & gas, realty, power and banking stocks were witnessing selling pressure. Reliance Industries, ICICI Bank, Bharti Airtel and SBI were negative contributors to the Sensex.

The Sensex was down 14.74 points or 0.10% at 14250.79, and the Nifty was down 34.75 points or 0.82% at 4216.65.

About 1005 shares advanced while 1703 shares declined. Nearly 440 shares were unchanged.

Top gainers on the Sensex were Tata Steel at Rs 398.70 up 2.49%, Tata Motors at Rs 336.55 up 2.42%, L&T at Rs 1,446 up 2.17%, Infosys at Rs 1,757 up 2.07% and BHEL at Rs 2,060 up 1.33%.

Refinery major HPCL was trading at Rs 297.25 up 1.09% from its previous close of Rs 294.05.

However, top losers on the Sensex were NTPC at Rs 194.70 down 3.88%, Hindalco at Rs 84.70 down 3.26%, ACC at Rs 735 down 3.08%, ONGC at Rs 987.10 down 2.5% and M&M at Rs 725 down 2.21%.

Index heavyweight Reliance was trading at Rs 1,996.90 down 1.39% from its previous close of Rs 2,024.95.

Mkts volatile; ONGC, NTPC dip, L&T, Infy, BHEL, TCS up

At 12:47 hours IST, the markets were trading higher as capital goods, technology, metal, realty and select power stocks were being supportive. But selling in NTPC, ONGC, Bharti, ICICI Bank, Tata Power, Ambuja Cements, Power Grid, HDFC, M&M and ACC was putting pressure at higher levels.

The Sensex went up 103 points, to 14,368 and the Nifty rose 18 points, to 4,269. The BSE Midcap rose 1.4% and the Smallcap Index gained 0.9%.

Top gainers on the Sensex included Tata Steel at Rs 408.75 up 5.08%; Tata Motors at Rs 345.00 up 4.99%; Jaiprakash Asso at Rs 199.50 up 4.29%; Larsen at Rs 1,471.20 up 3.95%; Reliance Infra at Rs 1,241.75 up 3.37%. On the losing side, NTPC at Rs 196.70 down 2.89%; ONGC at Rs 988.50 down 2.36%; Tata Power at Rs 1,155.00 down 1.85%; ACC at Rs 745.80 down 1.65%; ICICI Bank at Rs 696.00 down 1.12%

In the midcap space Emami, Indian Hotels, Kalpataru Power, Kirloskar Bros & SKF India were up between 6-7% while BF Utilities, Akruti City, HMT, TataTeleservice & CESC were down 2-5%.

In the smallcap space, Kiri Dyes Chem at Rs 202.20 up 8.24%; Mastek at Rs 227.20 up 7.83%; ABG Shipyard at Rs 200.00 up 7.12%; Sterlite Technologies at Rs 145.45 up 6.32%; FAG Bearings at Rs 420.00 up 5.63%. Top losers on the BSE Smallcap wer Spectacle Inds at Rs 51.05 down 19.48%; GMR Industries at Rs 103.80 down 4.99%; Orbit Corporation at Rs 164.70 down 4.99%; Infomedia 18 at Rs 83.80 down 4.99%; Sundaram-Clayton at Rs 116.70 down 4.97%

The market breadth was marginally positive; about 1378 shares advanced while 1319 shares declined on the BSE. Nearly 451 shares were unchanged.

Corporate News

Tata Steel raised prices by Rs 500-750 a tonne.

IRB Infra was lowest bidder for NHAI project worth Rs 1200 crore, reports CNBC-TV18 quoting sources. The stock was up 5%.

GMR Infrastructure gained 1.7%, as the company bagged Rs 1,100 crore Chennai Outer Ring road project, reports CNBC-TV18 quoting sources.

On the global front, European markets were mixed in trade. The FTSE was up 13 points, to 4,294 while the CAC fell 5 points, to 3,189 and the DAX lost 13 points, to 4,824.

Mkts positive; cap goods, technology, metals, auto gain

At 11:28 hours IST, upside in capital goods, technology, metal, auto, realty and select financial stocks was helping the markets to recover some of their last two days' losses. Reliance Industries was also in the green. However, the sell-off in ONGC, NTPC (both hit hard yesterday), Bharti, Power Grid, Tata Power, ICICI Bank, Cairn, Ambuja Cements, ACC and HDFC capped the gains.

The Nifty was finding resistance at 4300 level. It was trading at 4,286, up 35 points and the Sensex rose 167 points, to 14,432.

In the capital goods space, Suzlon Energy, Punj Lloyd, L&T, Siemens, ABB and BHEL were up 2.5-5.8%. In the technology pack, TCS and Infosys gained 2.5-2.8%; Wipro rose 0.62%.

The most beaten down sector - metal was witnessing buying interest. JSW Steel, Tata Steel, Jindal Saw, Jindal Steel, JSL, Sterlite, Hindalco and SAIL went up 1-3%.

In the auto space, Tata Motors shot up 3.97%, as BoA ML upgraded to buy from underperform on the stock and increased target to Rs 420 from Rs 114 a share. Among others, Ashok Leyland, Amtek Auto, Apollo Tyres, Maruti Suzuki and Hero Honda were up 1-2.4%.

In the banking space, SBI, HDFC Bank, Bank of Baroda, Axis Bank and PNB gained 1-1.8%. However, ICICI Bank was down.

The BSE Midcap and Smallcap indices went up 1-1.6%. The market breadth was mixed; about 1361 shares advanced while 1303 shares declined on the BSE. Nearly 484 shares were unchanged.

BSNL awarded Rs 228 crore order to Sterlite Tech (gained 7%), ITI (went up 4%) and Alphion, reports CNBC-TV18 quoting Dow Jones.

On the global front, Asian markets were trading higher. Shanghai, Hang Seng, Jakarta, Nikkei, Straits Times, Kospi and Taiwan Weighted gained 0.5-1.4%.

Mkts choppy with positive bias; NTPC, ONGC, ICICI Bk dip

At 10:38 hours IST, the benchmark indices gave up some of their early gains and were trading marginally higher with some choppiness. The fall in NTPC, ONGC, ICICI Bank,Tata Power, Axis Bank, Bharti, HDFC and M&M was putting some pressure at higher levels.

However, buying continued in capital goods, technology, realty, metal, select power and auto stocks and in stocks like SBI and Reliance Communication.

The Sensex was up just 44 points, to 14,309 and the Nifty rose 7 points, to 4,258. Among the broader indices, the BSE Midcap and Smallcap indices were up 1.2-1.6%.

The market breadth was mixed; about 1319 shares advanced while 1325 shares declined. Nearly 504 shares were unchanged.

In the midcap space, Kansai Nerolac, SKF India, Info Edge, Opto Circuits and Dishman Pharma were up 4-6% while BF Utilities, Akruti City, HMT, Tata Teleservices and IFCI fell 3-5%.

In the smallcap space, Jagatjit Industries, Forbes Gokak, Foseco India, Binani Cement and ABG Shipyard gained 6-10% while Panoramic Universal, Spectacle Industries, Orbit Corporation, Sagar Cement and Dredging Corp lost 5-6%.

Mkts bounce back on buying in infra, metals, banks

The markets bounced back after two days of downfall on the back of buying in infrastructure, metals and banking stocks. The Nifty crossed the 4300 mark and was hovering around the same level.

At 9:56 am, the Nifty was up  50 points, to 4,301 and the Sensex gained 172 points at 14,438. The CNX Midcap 100 and the Nifty Junior rose 1.6% each, to 5,299 and 7,649, respectively.

Among the frontliners, Suzlon, Reliance Infrastructure, Unitech, Sterlite Industries, Nalco, PNB, Idea Cellular, HCL Technologies and Reliance Communication were gainers. ONGC and NTPC were in the red.

Midcap space

IDBI Bank, Bajaj Hindusthan, Balrampur Chini, Mcleod Russel, RNRL, Apollo Tyres, Aban Offshore, GVK Power, GMR Infrastructure, HDIL and Omaxe were the gainers, went up 1-4%.

Opto Circuits gained 9% post the good numbers. India Foils resumed trading post the reduction in share capital.

Global cues:

Asian markets were positive; Straits Times was up 1.1%. Hang Seng, Jakarta Composite and Taiwan Weighted gained 0.6-0.9%. Shanghai was up 0.34%. Nikkei and Kospi were flat.

The US markets gained breaking a 3-day losing streak on the back of strong job and regional manufacturing data.

The Dow Jones Industrial Average rose 58.4 points or 0.69% to 8,555.6 and the S&P 500 gained 7.6 points or 0.84% to 918.4. However, the Nasdaq Composite ended flat at 1,807.7.

Commodities

Nymex July crude gained 0.3% at $71.37 a barrel, after hitting a session low of $70.22/bbl during the day.

Base metals closed positive on USD decline.

Zinc was up 1% and lead gained 0.8%. Aluminium went up 1.2% and Nickel rose 1.5%.

Baltic Dry Index was up 2%.

Market cues:

-FIIs net sell USD 47.3 million in equities on June 17
-MFs net sell Rs 179.6 crore in equities on June 17
-NSE F&O Open Interest up by Rs 1504 crore at Rs 86,417 crore
-FIIs net sell Rs 585 crore in equities in cash markets on June 1 (prov)
-DIIs net buy Rs 540 crore in cash markets on June 18 (prov)
-FIIs net sell Rs 311 crore in F&O

F&O cues:

-Futures Open Int up by Rs 98 crore, Options Open Int up by Rs 1405 crore
-Nifty June futures adds 11 lakh shares in Open Int
-Nifty July futures adds 3.4 lakh shares in Open Int
-Nifty IVs at 44% levels
-Nifty futures trading at 13 point premium against 3 point discount
-Nifty Open Int PCR at 0.85 versus 0.91
-Nifty Calls add 31 lakh shares in Open Int, Puts Open Int unchanged
-Nifty June 4300 Call adds 11.3 lakh shares in Open Int
-Nifty June 4400 Call adds 9 lakh shares in Open Int
-Nifty June 4500 Call adds 4.3 lakh shares in Open Int
-Nifty June 4200 Put adds 5.2 lakh shares in Open Int
-Nifty June 4400 Put sheds 5.3 lakh shares in Open Int
-Stock futures Open Int unchanged