Mkts end with marginal gains; Sensex ends above 15K

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Markets have given up gains in last one hour of session and managed to end marginally higher. Frontline and broader indices witnessed profit booking at higher levels from domestic and hedge funds. Rise in crude oil price was also another reason for sell off at higher levels. Buying was seen in auto, capital goods, technology and FMCG stocks while sell off seen largely in select banks, metals, power and real estate stocks at institutional desk. 

Sensex lost nearly 350 points and Nifty 100 points from days high of 15,422.82 and 4615.90, respectively but both indices did not slip into red. Sensex closed at 15,073.54, up 112.47 points or 0.75% and Nifty at 4517.55, up 14.70 points or 0.33%.

Domestic funds were booking profits in rate sensitive sectors and Hedge funds looking for exit at higher levels. Selling pressure was also seen in midcap, small cap and other broader indices, due to which market breadth turned into red. About 1394 shares have advanced while 1559 shares declined. Nearly 204 shares remained unchanged.

Amongst frontliners, Maruti Suzuki shot up 6.25%, Tata Motors 4.31%, Bharti Airtel 3.59%, ACC 3.48% and TCS 3.32% while NALCO lost 5.24%, HCL Tech -4.73%, Tata Steel -4.44%, SBI -3.79%, Siemens -3.64%, Tata Power -3.65%, Reliance Infra -3.11% and HDFC -2.82%.

In the F&O segment, profit booking has set in Nifty futures at higher levels. Premium narrowed down to 9 points from 24 points. Long unwinding was seen in momemtum stocks like RNRL, IFCI, Ispat, JP Hydro and GMR Infra. Sugar stocks saw fresh long build up. Long unwinding was seen in banking. Short build up continued in metals stock.

Auto Index outperformed other indices, gained 100.47 points or 2.63% at 3,919.64. Maruti Suzuki, Bharat Forge, Tata Motors,
Apollo Tyres, M&M, Ashok Leyland and MRF jumped up 2-6%.

Capital Goods stocks like Jyoti Structure, Elecon Engg, Thermax, Crompton Greaves, BHEL, L&T and AIA Engineering were up 2-10%. Capital Goods Index ended with a gain of 203.11 points or 1.65% at 12,482.88.

IT Index rose by 45.37 points or 1.17% at 3,923.67. NIIT Tech, Mphasis, TCS, Satyam, Tech Mahindra, Wipro and Infosys have gained.

FMCG Index closed at 2,179.58, up 0.89%. Rei Agro, HUL, Godrej Consumer, United Spirits and Nestle rose 1.5-4%.

Oil & Gas Index gained 0.28% at 10,187.69. In oil and gas space, buying was seen in HPCL, Cairn India, IOC, ONGC and Reliance Ind while selling in RNRL, Reliance Petro, Essar Oil, Aban Offshore and BPCL.

Bankex ended with marginal gain of 0.24% at 7,235.38. IOB, IDBI Bank, HDFC Bank, Oriental Bank, Federal Bank, Kotak Mahindra and ICICI Bank shot up by 2-4.5%. However, Bank of Baroda, Andhra Bank, SBI, PNB, Bank of India and Axis Bank lost 2-6%.

However, Metal Index has been underperforming since Tuesdays trade, down 405.64 points or 3.06% at 12,859.19. Ispat Industries, JSW Steel, NALCO, Jindal Steel, Tata Steel and SAIL fell 3.5-6%.

Power stocks like GMR Infra, Tata Power, Torrent Power, Reliance Infra, Reliance Power, Power Grid Corp and GVK Power slipped 2-4%. Power Index lost 0.79% at 2,699.03.

Realty Index finished with loss of 32.40 points or 0.58% at 5,542.67. HDIL, Mahindra Life, Puravankara Proj, Unitech, Parsvnath, Omaxe, Ansal Properties and DLF plunged.

Healthcare Index fell 0.42% at 4,258.15. Fortis Health, Aurobindo Pharma, Lupin, Aventis Pharma, Cipla, Dr Reddys Labs, Sun Pharma, Pfizer and Piramal Health slid around 1-3%.

Most active shares on the bourses were Reliance Ind, L&T, Reliance Comm, ICICI Bank and Infosys Tech.

Crude again inched up towards USD 120 a barrel and trading at USD 119.50 per barrel on the NYMEX, at the time of writing market report.

Turnover traded in markets stood at Rs 86,962.63 crore. This includes Rs 18,596.36 crore from NSE Cash segment, Rs 61,180.08 crore from NSE F&O and balance Rs 7,186.19 crore from BSE Cash segment.
 
On the global front, Asian markets ended higher following sharp run up in US markets. Shanghai was up 1.06%, Nikkei 2.63%, Straits Times 0.92%, Kospi 2.81%, Taiwan 3.12% and Jakarta 0.07%.

European markets were trading flat. FTSE and DAX fell marginally while CAC was up 0.5%.

Market Snapshot

• Markets see a reversal in late trade on profit booking; lose most of the day's gains
• Frontline Indices end marginally in the green, broader markets end in the red
• Sensex up 112 pts at 15073.5; off 350 pts from the day's high
• Nifty 14.7 pts at 4517.5; off 100 pts from the day's high
• CNX Midcap flat; up 2 pts, BSE Small-Cap Index down 0.9%, Nifty Junior down 1.3%
• Sugar, Auto's show resilience; Metals look the weakest
• BSE Auto Index up 2.6%;Bajaj Auto up 6.7%, Maruti Suzuki up 6.1%, Kinetic Motors up 5.1%, Tata Motors up 5%, Ashok Leyland up 2.2%
• Sweet Sugar: Triveni up 14%; Bajaj Hindusthan up 5.7%, Shree Renuka up 2.2%,Dwarikesh Sugar up 10%,KCP Sugar up 9.7%
• BSE Cap Goods Index up 1.3%; BHEL up 3.3.%,L&T up 2.3%,Crompton greaves up 4.2%
• Bank Gainers: IDBI bank up 4%, HDFC Bank up 2.7%; Kotak Mah Bk up 2.5%, ICICI Bk up 2.1%, South Indian Bk up 5.5%, Federal Bk up 3.1%                  
• Bank Losers: SBI down 3.8%, PNB down 2.8%, Bank of India down 2.8%, Bank of Baroda down 6%, Dena Bank down 6.2%,
• BSE Metals Index down 3.1%; Steel manufacturers unlikely to hike rates even after the price freeze ends tomorrow 
• Steel Losers: JSW Steel down 6%, Kamdhenu Ispat down 5.6%, Jindal Steel down 5%, Tata Steel down 4.4%, SAIL down 3.3%, Bhushan Steel down 3%
• Other Nifty Gainers: TCS up 3.7%, ACC up 3.5%, Bharti Airtel up 3.5%, Tata Comm up 3.5%, HUL up 2.4%, Satyam up 2.2%, Cairn India up 1.9%
• Midcap Gainers: Moser-Baer up 5.6%, Sundram Fast up 4.3%, MphasiS up 4.3%, India Cement up 4.3%, Colgate up 3.3%
• Nifty Losers: Nalco down 5.2%, HCL Tech down 4.7%, Siemens down 3.6%, Tata Power down 3.5%
• Nifty Losers: Reliance Infra down 3.3%, HDFC down 3%, RPL down 2.7%, Unitech down 2.6%, Power Grid down 2.5%
• NSE Advance Decline at  4 : 5
• F&O turnover at Rs 61,180 cr Vs Rs 52,693cr
• Total Market Turnover at Rs 86,963 cr Vs Rs 76,918cr

F&O Snapshot

• Profit booking sets in Nifty futures at higher levels;
• Premium narrows down to 9 points from 24 points
• Long Unwinding in Momemtum Stocks like RNRL, IFCI, Ispat, JP Hydro, GMR Infra
• Sugar stocks see fresh long build up
• Long Unwinding seen in Banking
• Short Covering seen in Cap Good stocks
• Short Build up continues in Metals Stock
• Put buying seen in 4500 & 4400 strike prices
• Options Activity
  Nifty 4500 put adds 9.6 lakh shares
  Nifty 4700 call adds 9.5 lakh shares
  Nifty 4400 put adds 6.9 lakh shares
• Fresh Longs
  Sugar : Bajaj Hind, Triveni, Renuka
  Misc : Maruti, IDBI 
• Long Unwinding
  Momemtum stocks: RNRL, IFCI, Ispat, JP Hydro, GMR Infra
  Misc : Iflex, DCB, Rel Infra
• Fresh Short
  Tata Steel, Tata Power, Hindalco 
• Short Covering
  Cap Goods: L&T, BHEL, Voltas

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