Mkts rebound as Realty up 8%, CG, Power surges over 6%

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 @ 12:22 pm : Mkts in positive terrain; DLF, Siemens, Unitech top gainers

Markets are trading higher though witnessing some volatility. Capital goods, power, realty, FMCG and auto stocks are supportive while metal stocks draggers. Market breadth is positive; about 665 shares are advancing while 547 shares declining.

Markets have not reacted completely to Inflation numbers, which increased to 11.63% for week ended June 21 as against 11.42% in earlier week. Inflation for the week ended April 26 has revised to 8.27% versus 7.61% earlier.

At 12:22 pm, the Sensex was up 184 points at 13,278 and Nifty up 51 points at 3,976. Nifty July Futures was trading at 41 points discount.

DLF, Jaiprakash Associates, Reliance Comm, Unitech and Siemens are top gainers while Tata Steel, Cipla, ICICI Bank, Sterlite Ind and Sun Pharma losers.

BSE Metal Index fell 1.6% while Capital Goods up 3%, Realty 5%, Power 2.7%, FMCG, IT and Auto gained over 1%.

Markets @ 11:36 am : Mkts in positive terrain; inflation inches up higher

Markets are trading higher and not reacted to higher inflation numbers, which stood at 11.63% for the week ended June 21 as against 11.42% in earlier week. It looked like that markets have factored in inflation numbers. Capital goods, power, realty, auto, banking, FMCG and oil stocks are witnessing buying interest.

However, Finance Ministry sees inflation on higher side at 13% in near-term. 

At 11:36 am, the Sensex was up 142 points at 13,237 and Nifty up 32 points at 3,957. Market breadth is positive; about 1468 shares are advancing while 1396 shares declining. Nearly 273 shares are unchanged.

Jaiprakash Associates, Reliance Infra, Maruti Suzuki, Siemens and Suzlon Energy are top gainers while Tata Steel, Cipla, Sterlite Ind and Sun Pharma losers.

BSE Capital Goods, Power and Realty indices were up by 2-3%. Auto and FMCG gained over 1%. Bankex, Oil & Gas and IT rose half a percent each. However, Metal lost 1.4%.

Reliance Ind, Reliance Infra, Reliance Capital and JP Associates are most active counters on the bourses.

On the primary market front, Archidply Industries was trading at Rs 53 as against issue price of Rs 74 on the BSE.

Markets @ 10:35 am : Mkts in green; realty, capital goods, power stocks gain

Markets are trading in positive terrain as buying has seen in beaten down sectors like realty, capital goods, power, select banking and auto stocks. Inflation might be non event today as it is expected around earlier levels.

At 10:35 am, the Sensex was up 142 points at 13,236 and Nifty up 30 points at 3,955. Nifty July Futures was trading at 40 points discount.

Top gainers are Jaiprakash Associates, Reliance Comm, BHEL, Ranbaxy Labs and Reliance Infra while losers - Tata Steel, SBI, Satyam, Sterlite Ind, Sun Pharma and Cairn India.

Market breadth is negative, about 1233 shares are advancing while 1653 shares declining. Nearly 251 shares are unchanged.

Reliance Industries, L&T, HDFC, Reliance Comm, BHEL and DLF are helping markets.

Realty stocks like Ansal Properties, Phoenix Mills, Unitech, HDIL, Omaxe, Mahindra Life and DLF have climbed up. Index was up nearly 4%.

Capital Goods Index shot up 3.23% due to buying in Astra Microwave, Siemens, Punj Lloyd, BHEL, Triveni Engg, Crompton Greaves, Areva T&D, BEML and L&T.

Power Index rose by 2.8% as buying seen in Reliance Infra, Lanco Infratech, GVK Power, Reliance Power, GMR Infra, Suzlon Energy, Torrent Power and NTPC.

Banking stocks like IOB, Kotak Mahindra, Bank of India, ICICI Bank, Yes Bank, IDBI Bank, Axis Bank and HDFC Bank have gained. Index was up 1.55%.

Auto Index gained nearly 1% on back of buying in Bajaj Auto, Amtek Auto, Ashok Leyland, Cummins, Tata Motors, M&M and Maruti Suzuki.

Markets @ 9:56 am : Markets choppy; Metal stocks down

Markets are flat in opening trade and witnessing some choppiness ahead of inflation numbers, which is expected around 11.44%, as per CNBC-TV18 poll. All indices are flat. Some selling has seen in metal, realty and select oil stocks while buying in select power and pharma stocks.

At 9:56 am, the Nifty was down 22 points at 3,902 and Sensex down 33 points at 13,061. CNX Midcap was down 9 points at 5,010.

Amongst frontliners, Reliance Ind, JP Associates, Reliance Infra, Tata Steel and ONGC lost ground while Satyam, HDFC, BHEL, Tata Comm, Maruti Suzuki, Hero Honda, Bharti Airtel and Cipla gained.

Asian markets were trading mixed. Hang Seng was up 1.3%, Straits Times 0.4% and Jakarta Composite 0.8% while Nikkei lost 0.4%, Kospi -1.2% and Taiwan Weighted 1.3%.

US markets ended flat but mixed after a listless and shortened session just ahead of the Independence Day holiday. The Dow gained 73.03 points, or 0.65%, to 11,288.54. The Standard & Poor's 500 index advanced 1.38 points, or 0.11%, to 1,262.90, and the Nasdaq composite index plunged 6.08 points, or 0.27%, to 2,245.38.

Market cues:

• FIIs net sell $87 mn in equity
• Domestic MFs net buy Rs 299.5 cr in equity
• NSE F&O Open Interest down by Rs 185 cr at Rs 63,861 crore
• Fresh shorts seen from non-FII categories yesterday

F&O cues:

• Nifty down 4%; Open Interest up by 3%
• Futures Open Interest down by Rs 1,262 crore and Options Open Interest up by Rs 1,078 crore
• Nifty Futures at 46 pts discount Vs 29 pts discount a day ago
• Nifty Futures Open Interest up by 11.3 lakh shares
• Stock Futures shed 42.2 lakh shares in Open Interest
• Bank Nifty Open Interest up by 28% ahead of inflation nos
• Nifty Open Interest Put-Call ratio at 1 Vs 1.03
• Nifty Puts add 9.38 lakh shares in Open Interest
• Nifty Calls add 14.6 lakh shares in Open Interest
• Nifty 3700 Put adds 10 lakh shares in Open Interest
• Nifty 4000 Call adds 4.5 lakh shares in Open Interest
• Nifty 4000 Call adds 3.5 lakh shares in Open Interest
• Nifty 4100 Call adds 2.5 lakh shares in Open Interest