Markets have rebounded sharply on the back of buying in heavily beaten down sectors like realty, capital goods, power, banking and FMCG, and managed to recover nearly half of gain, which lost in Thursday's trade. Especially, Realty and Capital Goods Indices shot up 8% and 6.8%, respectively. The Nifty has got back above 4000 mark, for that L&T, Reliance Industries, ICICI Bank, Reliance Communication, ITC, BHEL, HDFC, DLF and ONGC were big contributors.

Indices did not react to higher inflation numbers and even to weak European markets in today's session. Inflation for the week ended June 21 has inched up to 11.63% as against 11.42% in earlier week. It has revised to 8.27% for the week ended April 26 versus 7.61% earlier.

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

The Sensex has touched an intraday high of 13,509.74 and low of 13,027.79, before ending the day at 13,454, up 359.89 points or 2.75%. The Nifty clawed back above 4000 mark, which hit a high/low of 4033.50 and 3896.40, respectively. It closed at 4016, up 90.25 points or 2.3%.

In the F&O segment, shorts still remained in Nifty Futures, which added 34.8 lakh shares in open interest. Stock specific long build up has seen in today's trade. Capital Goods, Realty and Infrastructure stocks have seen fresh long build up.

Amongst frontrunners, Reliance Comm shot up 12.50%, Siemens 11.17%, Jaiprakash Associates 10.65%, Tata Power 9.78%, Unitech 8.01%, DLF 8.56%, BHEL 7.43% and Reliance Infra 7.21% while Sun Pharma plunged 4.27%, Sterlite Ind -2.64%, Tata Steel 2.64%, GAIL -2.57%, Cairn India -2.16%, Cipla -1.70% and TCS -1.30%.

Sector of the day was Realty, which outperformed other indices. It was up 335.13 points or 7.8% to settle at 4,630.35 as real estate stocks like Ansal Properties, HDIL, Peninsula Land, Mahindra Life, DLF, Unitech and Indiabulls Real gained 7-13.6%.

Capital Goods Index surged 679.27 points or 6.79% at 10,686.55 on the back of buying in Astra Microwave, Punj Lloyd, Alstom Projects, Siemens, Triveni Engg, Areva T&D, Crompton Greaves, BHEL, L&T and ABB, which rose around 6-20%.

Power stocks have charged up fully, index shot up 132.61 points or 6.1% to close at 2,306.24. Power stocks like Tata Power, Lanco Infratech, Suzlon Energy, Reliance Infra, GMR Infra, GVK Power and Reliance Power were up 4-9%.

Bankex gained 173.04 points or 3.06% at 5,820.83 due to buying in IOB, Yes Bank, Kotak Mahindra, ICICI Bank, IDBI Bank, Axis Bank, Allahabad Bank, Karnataka Bank, Bank of India, Oriental Bank, SBI and HDFC Bank.

Telecom stocks like Reliance Comm, Tata Comm, TataTeleservices, MTNL, Idea Cellular and Bharti Airtel have moved up higher.

Auto Index inched up by 1.62% at 3,432.41, as buying seen in Amtek Auto, Cummins, Exide Industries, Escorts, Bajaj Auto, Ashok Leyland, Tata Motors, Hind Motors and M&M.

Oil & Gas Index was up 143.69 points or 1.61% to settle at 9,066.16 due to buying in RNRL, Essar Oil, Petronet LNG, ONGC, HPCL, Reliance Ind and BPCL.

FMCG stocks like Dabur India, Marico, HUL, Ruchi Soya, Britannia, Tata Tea and ITC. Index shot up 1.08% at 1,939.36.

IT Index ended with a gain of 0.74% at 4,068.49 on back of buying in I-Flex Solutions, Patni Computer, Mphasis, Satyam, Tech Mahindra, Aptech and Infosys.

Healthcare Index was up marginally by 0.38% at 4,123.29. Panacea Biotech, Matrix Lab, Aurobindo Pharma, Orchid Chemical, Ranbaxy Labs and Wockhardt shot up around 4-9%.

Midcap Index rose by 116.48 points or 2.26% at 5,278.24 and Small Cap Index surged 100.50 points or 1.58% at 6,449.67. Amongst midcap stocks, Simplex Infra, KS Oils, Gitanjali Gems, SREI Infra, Ansal Properties, Alstom Projects, Hind Constr, DCB, Triveni Engg and Peninsula Land gained 10-18%.

In the small cap space, Shrenuj and Co, Astra Microwave, Ahmednagar Forg, Panchmahal Stee, Ingersoll Rand, JBF Industries, Borosil Glass, Bliss GVS, Genus Power and Empire Ind were up by 10-20%.

However, Metal Index lost 0.63% at 12,037.64 due to selling in NMDC, Tata Steel, Sterlite Ind, Sesa Goa, Guj NRE Coke and SAIL.

Market breadth was positive; about 1792 shares have advanced while 1085 shares declined. Nearly 260 shares remained unchanged.

Most active counters on the bourses were Reliance Capital, Reliance Industries, Reliance Infra, DLF, Reliance Comm, L&T and ICICI Bank.

However, markets remained weak on weekly basis; Sensex ended down by 2.5% and Nifty down 3%. Amongst sectoral indices, BSE Metal Index fell 9%, wherein Tata Steel, SAIL were down nearly 11.5%. Cement stocks have lost ground; ACC was down 18%, Grasim -13% and Ambuja Cem -7.5%. In the realty space, Unitech slid 9.5% and DLF down 2.5%.

Turnover traded by the markets stood at Rs 62,387.17 crore. This includes Rs 12,498.5 crore from NSE Cash segment, Rs 44,222.2 crore from NSE F&O and the balance Rs 5,666.47 crore from BSE Cash segment.

On the global front, Asian markets finished mixed. Shanghai Composite was down 1.24%, Nikkei -0.21%, Kospi -1.78% and Taiwan Weighted -2.24% while Hang Seng gained 0.85%, Jakarta Composite 1.23% and Straits Times 0.42%.

European markets were trading sharply lower, at the time of writing market report. FTSE 100 was down 0.6%, CAC -0.75% and DAX -0.4%.

Markets Snapshot

• Markets end near days' high; shrugs inflation at 11.63% Vs 11.42% last week
• Sensex ends up 360 pts at 13454; gains 2.75%
• Nifty ends up 90 pts at 4016; gains 2.3% 
• CNX Midcap Index up 2.58% ;BSE Small-cap Index up 1.58%
• All BSE Sectoral Indices except the BSE Metals Index end in the green
• BSE Realty recovers losses; gains 8%; DLF up 8.5%;Unitech up 8%; Indiabulls Real Estate 7.8%
• BSE Capital Goods Index up 7%;  Punj Lloyd up 14%, Siemens up 11%; BHEL up 7%; L&T up 6.7%
• BSE Bank Index up 3%; Kotak Mahindra Bank up 5%; Axis Bank up 3.5%; HDFC up 6%; ICICI up 5.5% 
• BSE Metals Index down 0.6%; Tata Steel down 2.7%, Sterlite down 2.6%
• ADAG Group stocks gain; Reliance Cap up 12.5%; Reliance Comm up 12.1%; RNRL up 8.5%; Adlabs up 6.8%
• Index Gainers: Tata Power recovers, gains 9.8%; Suzlon Energy up 7%; Ranbaxy up 4.7%; Ambuja Cement up 4.5% 
• Index Losers: Sun Pharma down 4.3%; GAIL down 2.7%; Cairn India down 2.2%
• New listing : ArchidPly loses 31.5% on listing day; closes at Rs 50.7 Vs listing price of Rs 74
• NSE Advance Decline at 2.5 : 1
• Total F&O turnover at Rs 44,222 cr Vs Rs 51,604 cr  
• Total market turnover at Rs 62,387 cr Vs Rs 70,067 cr yesterday
• Gainers
  KS Oils 15.8%
  Godrej Industries up 14.4%
  Ansal Properties up 14%
  Alstom Projects 13%
• Infra / Realty  Buzzers
  HDIL up 12.7%
  HCC up 12%
  Jaiprakash Associates up 11%
  J Kumar Infra up 12%
  Simplex Infra up 17%

F&O Snapshot

• Shorts still remain in Nifty Fut; adds 34.8 lakh shares in OI
• Stock specific long build up seen in today's trade
• Cap Goods, Realty & Infra stock sees fresh long build up
• Select Momemtum stock sees long build up
• Short Covering:
  IDFC up 9.2%; sheds 1.8 lakh shares
  Rel Comm up 12.3%; sheds 1.9 lakh shares
  Ranbaxy up 5.2%; sheds 6.6 lakh shares
• Fresh Longs:
  Punj Lloyd up 14.7%; adds 4.88 lakh shares
  Siemens up 13.1%; adds 1.9 lakh shares
  Rel Cap up 13%; adds 4.3 lakh shares
  Siemens up 13.1%; adds 1.9 lakh shares
  Essar Oil up 9.7%; adds 10.2 lakh shares
  Triveni up 9.5%; adds 2.6 lakh shares
  Others: Nagar Const, I-flex, RPower, RNRL

Markets This Week

• Sensex ends down 2.5%; Nifty down 3%
• CNX Midcap Index down 5%; BSE Small Cap Index down 7%
• BSE Metal Index down 9%; Tata Steel, SAIL down nearly 11.5%
• Cement Losers: ACC down 18%, Grasim down 13%, Ambuja Cem down 7.5%
• Realty Losers: Unitech down 9.5%, DLF down 2.5%
• BSE Auto Index down 7%: Maruti down 14%, Tata Mot down 9.5%, M&M down 7%
• BSE Cap Goods up 2.5%: BHEL up 8.5%, L&T up 5.5%, Siemens up 3.5%
• Midcap Losers: Adlabs down 20%, Nag Fert down 17.5%, Guj NRE down 16.5%
• Midcap Losers: Arvind down 16.5%, IFCI down 14%, Lanco Infra down 12.5%
• Midcap Gainers: Orchid Chem up 12%, Shree Renuka up 7%, Praj Ind up 5.5%

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