Mkts strong led by banks, auto, realty, telecom, IT, infra

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?

Sensex above 14500; telecom, IT, rate sensitives gain

At 11:51 hours IST, the markets were trading sharply higher on the back of uptrend in auto, technology, telecom, realty, banking, metal and infrastructure stocks. The Nifty was trading consistently above the 4300 mark as institutional buying was seen.

Stephen Roach, chairman of Morgan Stanley Asia, said India is the country to watch out for. "I love India," Roach said. "I mean, of all the economies and countries I spend my time out in Asia, the India's outlook looks terrific right now."

The Sensex rose 281 points, to 14,531 and the Nifty was up 86 points, to 4,317. The Nifty July future was trading with 3 points premium. The broader indices went up 2% each.

All the sectoral indices were in the green. BSE Auto, IT, TECk, Realty, Bank, Metal, Capital Goods and Power indices were up 2-3.8%. However, GAIL, Sterlite, HUL, Sun Pharma and Ambuja Cements were in red.

In the telecom pack, Bharti Airtel was up 4.81%. Idea Cellular, MTNL, Tata Communication and Tata Teleservices went up 1.5-2%. Reliance Communication gained 0.82%.

Media stocks like Deccan Chronicle shot up 9%. TV18, IBN18 Broadcast, UTV Software, Dish TV India, NDTV, Zee Entertainment, Zee News, Sun TV Network and Balaji Telefilm were up 2-4%.

In the technology pack, Infosys, HCL Tech, TCS, Wipro and Tech Mahindra moved up 2-3.7%.

Auto stocks like Exide Industries gained 9.77% (post Q1FY10 numbers); Apollo Tyres, Amtek Auto, Tata Motors, M&M, Ashok Leyland and Hero Honda were up 4-6.6%. Bajaj Auto, Bharat Forge and Maruti Suzuki gained 1-3.6%.

In the realty space, Orbit Corporation, DLF, Mahindra Life, Indiabulls Real, Unitech, HDIL, Omaxe and Ackruti City went up 2-3.8%.

In the banking space, ICICI Bank surged 5.23%. SBI, Axis Bank and Kotak Mahindra gained 3% each. Bank of Baroda, Union Bank, PNB and HDFC Bank went up 1-1.9%.

Metal stocks like NMDC was up 7% on divestment news. Jindal Saw, Sesa Goa, Hindalco, Jindal Steel, Tata Steel, SAIL, JSW Steel and Hindustan Zinc were up 1.4-4.7%.

Nifty hits 4300; all sectoral indices in green

At 10:40 hours IST, buying across the sectors pushed the Nifty above the 4300 mark and the Sensex above the 14500 level. The broader indices were also following the same trend.

The Nifty was up 85 points, to 4,316 and the Sensex gained 285 points at 14,542. About 913 shares advanced while 191 shares declined. The BSE Midcap and Smallcap indices went up 1.9% each. The Nifty July future was flat.

On the sectoral front, the BSE Auto Index rose 4%. TECk, Realty, IT, Metal, Capital Goods and Bank indices were up 2-2.8%. Power and Oil & Gas indices gained 1-1.8%. The FMCG Index was up 0.5%.

Bharti Airtel was the leading player with 4.5% gains, as the company announced stock split from Rs 10 to Rs 5.

Top gainers - Tata Motors, Hero Honda, M&M and Reliance Infrastructure were up 4.3-5%

Positive contributors were Bharti Airtel, Infosys, ICICI Bank, SBI, Reliance Industries, L&T and HDFC.

In the midcap space, Exide Industries, United Breweries, Bajaj Holdings, Mphasis and Apollo Tyres were up 6-8.8%.

In the smallcap space, Swan Mills, Fem Care Pharma, JK Tyre, KPIT Cummins and Anus Labs gained 10-14.5%.

Mkts positive; metals, infra, realty, banks up

The markets opened higher following positive SGX Nifty Index. Metal, banking, infrastructure, realty and auto stocks were witnessing buying interest. The broader indices were also following the same trend.

At 9:56 am, the Nifty rose 40 points, to 4,270 and the Sensex gained 135 points at 14,386. The CNX Midcap went up 65 points, to 5,418 and the BSE Smallcap Index rose 50 points, to 5,596. About 533 shares advanced while 63 shares declined.

Among the frontliners, Hindalco, Nalco, Reliance Infrastructure, DLF, Unitech, SAIL, Tata Motors, ABB, Ranbaxy Labs, ICICI Bank, Reliance Capital, Suzlon Energy, M&M, TCS (ahead of Q1 numbers), SBI and Cairn India were the gainers.

However, Sterlite Industries lost 4.6%, after losing 6% yesterday, due to dilution concerns in ADS issue.

Midcap space

NMDC locked at 10% upper circuit. The government may be divested between 8.38%-20% of the company, which may fetch between Rs 10,351 crore-Rs 24,704 crore.

NOCIL and Oswal Chemical were witnessing buying interest.

Recently listed Mahindra Holidays slipped 2% on the second day.

Exide shot up 5% due to good bottomline numbers in Q1FY10.

JK Tyre was up 13%, as its Q1FY10 bottomline doubled versus Q1FY09.

India Infoline was up 3% while Opto Circuits was down 3% post quarterly numbers.

Gujarat NRE Coke was up 3%.

Global cues:

Asian markets were trading marginally higher. Hang Seng, Nikkei, Kospi and Taiwan Weighted were up 0.4-1.4%. Shanghai and Straits Times were flat. SGX Nifty was up 0.7%.

The US stocks rallied for a fourth day after strong results, Roubini reiterating that recession will end this year. Week till date, S&P 500 has gained 7%.

The Dow Jones Industrial Average was up 95.6 points or 1.1% to 8,711.8. The S&P 500 gained 8 points or 0.86% at 940.7 and the Nasdaq Composite advanced 22 points or 1.2% to 1,885.

Commodities

Crude ended up 0.8% at $62 a barrel. It was up 4% this week - biggest weekly gain in a month.

Gold was down 0.4% at $935.4/ounce.

Copper was down 0.3% and Lead down 1%. However, Aluminium was up 2% and Tin up 4.5%.

Sugar declined 2%.

Baltic Dry Index went up 5.3%.

Market cues:

FIIs net buy Rs 114 cr in Nifty Futures, Open Interest down by 15090 contracts
FIIs net sell Rs 278 cr in Nifty Options
FIIs net sell Rs 11 cr in Stock Futures
FII F&O turnover as % of total F&O turnover 19.7%
Cumulative FII positions as % of total gross market position at 32.6%
FIIs net buy Rs 32 cr in cash on July 16 (prov)
DIIs net sell Rs 35 cr in cash on July 16 (prov)
FIIs net sell Rs 167 cr in F&O on July 16

F&O cues:

Total Futures Open Int down by Rs 109 crore
Total Options Open Int up by Rs 953 crore
Nifty Futures, Open Int remains unchanged
Nifty July Futures at 7-pt discount versus 3-pt premium
Nifty IVs at 34-38% levels
Nifty Open Int Put Call Ratio at 1.03 versus 0.99
Nifty Calls add 22 thousand lakh shares
Nifty Puts add 19.1 lakh shares
Nifty 4200 Put adds 4.7 lakh shares
Nifty 4100 Put adds 4.6 lakh shares
Nifty 4000 Put adds 4.1 lakh shares
NIfty 4300 Call adds 3.6 lakh shares
Nifty 4600 Call sheds 5.3 lakh shares
Stock Futures shed 1.24 cr shares in Open Int