 Mkts move up further; BHEL, L&T, Maruti, ABB top starsPublished on Thu, Mar 26, 2009 at 12:51 | Source : Moneycontrol.com Updated at Thu, Mar 26, 2009 at 13:00 Like this story, share it with millions of investors on M3
At 12:45 pm, the uptrend continued in the benchmark indices and the rally in Asian markets was helping our markets. Buying in shares of infrastructure, technology, oil & gas exploration, FMCG, auto, financials and select metal companies was supporting the Nifty to stay above the 3000 mark and the Sensex to remain above the 9800 level. The volatility was lingering in the markets. However, Power Grid, GAIL, Cairn, DLF, Siemens and Ranbaxy were under pressure. At 12:45 pm, the Sensex was trading at 9,849, up 181 points and the Nifty was trading at 3,032, up 48 points. The Nifty futures were trading with 15 points premium while the March futures with 4 points discount. The BSE Midcap and Small cap indices were up 1% each. The wholesale price index (WPI) was very close to the 0% mark. Inflation for week ended March 14 came in at 0.27% compared with 0.44% week on week (WoW). January 17 WPI inflation has been revised To 4.95% versus 5.64% provisionally. ONGC, BHEL, NTPC, ITC, L&T, Reliance Industries, Tata Motors, SBI, HDFC, TCS, Infosys, HUL, Hero Honda and Maruti Suzuki were leading supporters. The market breadth was positive; about 1622 shares advanced while 1286 shares declined. Nearly 165 shares were unchanged. The BSE Capital Goods Index was up over 4%. Auto, Power, Bank, FMCG and Metal indices gained 2-2.5%. However, the Realty Index was down over 2% Asian markets were trading strong. Hang Seng and Straits Times jumped 3.3-3.5%. Shanghai was up 2.35% and Nikkei gained 1.84%. Kospi was up 1.2% and Taiwan Weighted gained 0.75%. On the next page - See how Indian markets performed in the last couple of hours _PAGEBREAK_ At 11.44 am, the markets were trading higher and were volatile as today is March F&O contract expiry. Shares of major oil & gas exploration, capital goods, banking, FMCG, metal and technology companies were witnessing buying interest. However, the sell-off in Bharti Airtel, Cairn, Ranbaxy, DLF, Siemens and Power Grid capped the gains. At 11:44 am, the Sensex was trading at 9,796, up 128 points and the Nifty was trading at 3,016, up 31 points. The Nifty April futures were trading with 9 points premium while the March Futures with 2 points discount. Broader indices - BSE Midcap and Small Cap indices were up 0.9% each. Top gainers were BHEL, L&T, Tata Motors, ITC, ACC and ABB, which gained 3-5%. The market breadth was in favour of advances; about 1615 shares advanced while 1298 shares declined. Nearly 160 shares were unchanged. In the midcap space, Havells India shot up 14.25%. OnMobile Global, Orchid Chemical, Hind Oil Exploration and HMT were up 7.5-10.7%. However, Akruti City declined 26.13%. BOC India, Spice Communication, Panacea Biotech and Consolidated Construction fell 3.5-8%. Among the small cap stocks, Shanthi Gears surged 16.96%. Eicher Motors, Surana Industries, Hatsun Agro and Lloyds Metals gained 9-11%. However, Visa Steel, Piramal Glass, Orissa Sponge, Bheema Cements and Glory Polyfilms lost 5-7%. HCL Tech received 3-year outsourcing order from MJ Logistic; the stock was up 1.4%. India Cements shot up over 3%. There was a block deal - 10 lakh India Cement shares change hands on NSE at Rs 106.50/sh. Hero Honda gained close to 3%, as its March sales may be about 3.5 lakh vehicles, reports CNBC-TV18 quoting DJ. Tata Tea is going to buy 33.2% stake in Russian company Grand Business; the stock was up 1.8%. Asian markets were trading higher. Hang Seng and Straits Times surged 2.5-3%. Nikkei and Kospi gained 1.2-1.8%. Taiwan and Shanghai went up 0.8% each. Mkts northbound; BHEL, ONGC, RIL, HDFC, L&T spurt At 10.48 am, the relentless buying continued in the shares of oil & gas exploration, capital goods, banking, FMCG, technology and metal companies. The markets were a bit volatile. The Nifty stayed above the 3000 mark while the Sensex was hovering around the 9800 level. BHEL, ONGC, Reliance Industries, ITC, NTPC, HDFC, L&T, Infosys, HDFC Bank, HUL, SBI, DLF and TCS were leading players in today's gain. At 10:48 am, the Sensex was trading at 9,814, up 146 points and the Nifty was trading at 3,024, up 40 points. The Nifty April Futures were trading with 7 points premium while March futures were in 2 points discount. Technical Analyst Mitesh Thacker said technically 3,120-3,150 levels have been strong supply areas. There is a possibility soon the 3,150 level on the Nifty will be broken on the upside. The market breadth was positive; about 1651 shares advanced while 1239 shares declined. Nearly 183 shares were unchanged. Broader indices - BSE Midcap and Small Cap indices gained 0.9% each. The BSE Capital Goods Index was up 3.6%. Power and FMCG indices went up 2% each. Metal, Auto, Bank and IT indices gained 1-1.7%. In the capital goods space, ABB and BHEL shot up over 5% each. L&T gained 2.7%. Motherson Sumi, Akruti City, Reliance Industries, BHEL, ICICI Bank and Unitech were most active shares on the bourses. Akruti City was down 25% on the BSE while it was down 17% on the NSE. It was up in the early trade. Today is the last day for stock in F&O segment. Nifty above 3000 mark; realty, metals, infra, banks gain The benchmark indices opened on a positive note and continued Wednesday's rally further. The Nifty was trading above the 3000 mark while the Sensex tested the 9800 level in the early trade. Metal, realty, infrastructure and banking stocks were supporting the markets. ADAG stocks were in limelight today. At 9:56 am, the Sensex was trading at 9,798, up 131 points and the Nifty was trading at 3,025, up 40 points. The CNX Midcap 100 was up 1.5% or 53 points, to 3,342. Among the frontliners, Reliance Capital, Reliance Infrastructure, Reliance Communication, Sterlite, Tata Steel, Reliance Industries, Unitech, DLF, L&T, SBI, SAIL and HDFC Bank were the gainers while Tata Motors and Zee Entertainment lost ground. In the midcap space, Akruti, Crompton Greaves, Welspun Gujarat, GMR Infra, GVK Power, HCC, HMT and Essar Oil were up 2-6%. Global cues Asian markets were trading higher. Straits Times and Hang Seng gained 2.2% each. Kospi, Taiwan and Nikkei were up 0.5-0.8%. Shanghai gained just 0.16%. The US markets witnessed volatile session of trade on Wednesday, which swung nearly 4% during the day. These markets managed to recover marginally from the day's low in last minutes of trade after early rally fizzles. Poor demand in 5-year U.S. Treasury auction overweighed better than expected new-home sales and durable-goods orders data. The Dow Jones Industrial Average ended 90 points higher at 7,750, after slipping 115 points or 1.5% from day's high of 7,863. The Nasdaq Composite ended 12.5 points higher at 1,529, after slipping 26 points or 1.7% from day's high of 1,555. The S&P 500 closed 7.5 points higher at 814, after declining 13 points or 1.5% from day's high of 827. Commodities The Nymex crude May futures declined by 2.2%, to $52.7 a barrel. Crude inventories increased to highest level since 1993 and were up for 22nd in 26 weeks. Crude inventories gained 3.3 million barrels, to 356.6 million barrels, increased by 13% on 5-year average. Gold gained by 1.3% or $13 to $935/ounce. -NSE F&O March series expiry today F&O cues: -Marketwide rollover at 63% versus 57% on D-1 in Feb series
PREVIOUS STORY Trending NewsBusiness News
|
News Rel Comm Q4 Cons Net Revenue Up 5% At `5,310 Cr (QoQ)  The latest earning numbers FIRST on CNBC-TV18
Videos
Interviews
 May 27 2012, 11:52 | Source: CNBC-TV18  May 27 2012, 11:00 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
|||||||
