Nifty back above 5,000 led by RIL, Infy, ITC, HUL, SBI

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 lacklustre; tech, realty, metals, banks decline

At 12.06 hrs IST, the Nifty was trading marginally in the red. The markets were struggling to find direction on the either side. The Nifty was hovering around 4970. The BSE Midcap index was up 0.17% while the BSE Smallcap Index was down 0.23%. Realty, Metal, IT & banks stocks witnessed selling pressure. Selective buying was seen in Oil&Gas and FMCG stocks.

The Sensex was down 26.50 points or 0.16% at 16759.15, and the Nifty was down 11.50 points or 0.23% at 4977.50. About 1443 shares have advanced, 1366 shares declined, and 621 shares were unchanged.

In the largecaps, top gainers on the Sensex were ACC up 2.2%; HDFC up 1.5%; Hero Honda up 0.91%, NTPC up 0.75% & Reliance Communication up 0.67%. On the losing side, Reliance Infra was down 1.83%; ICICI Bank was down 1.55%; Wipro was down 1.36%; Maruti Suzuki was down 1.32% & Hindalco Inds was down 1.16%.

Sources say General Atlantic will open bids for selling Patni stake in 2 weeks. The stock was down 2%.

Top gainers in the BSE Midcap: Havells India, Thermax, Monnet Ispat, Jaiprakash Hydro and Prism Cement were up 4-8%.

Top losers in the BSE Midcap: KGN Industries, Welspun Gujarat, Guj Flourochem, Patni Computer & Hind Oil Exploration were down 2-7%.

Top gainers in the BSE Smallcap: Bliss GVS, Jindal Drilling, Visa Steel, Pratibha Inds & Arshiya Intl were up 7-11%.

Top losers in the BSE Smallcap: Sahara One, Kanani Industries, Resurgere Mines, Vindhya Telelin and Garware Offshore were down 4-6%.

Nifty consolidates; Wipro, ICICI Bk dip, HDFC, HeroHonda up

At 11:03 hours IST, the Nifty was witnessing volatility and trading in a narrow range with negative bias. Selling continued in technology, realty and select banking was keeping the markets lower. Heavyweight Reliance Industries was also down a bit. However, buying in shares of PSU power and cement stocks, and HDFC, Hero Honda, Cipla, HDFC Bank and HUL capped the losses to major extent.

Asian markets were trading mixed. Shanghai, Hang Seng, Nikkei and Taiwan Weighted fell 0.3-0.8% while Straits Times, Kospi and Jakarta gained 0.2-0.4%.

The Sensex declined 54 points to 16,731 and the Nifty slipped 19 points to 4,969. The Nifty November future was trading with 4 points premium.

The market breadth was marginally positive; about 1,461 shares advanced while 1,330 shares declined on the BSE. Nearly 639 shares were unchanged. The broader indices were modestly higher.

In the largecaps, ACC, Hero Honda, HDFC, NTPC, Reliance Communications, Power Grid Corp and BPCL were up 0.8-1.9%. However, Reliance Infrastructure, Wipro, ICICI Bank, Hindalco, Tata Steel, Reliance Capital, Unitech, Suzlon Energy and HCL Tech fell 1.3-2.7%.

Visa Steel shot up 11% on huge volumes, which jumped 400% on five-day average basis. In interview with CNBC-TV18, the company said has been expecting mining leases in Orissa and Chattisgarh. It is planning to raise money in next financial year.

Adhunik Metaliks gained nearly 2%, as it raised Rs 137 crore via QIP (qualified institutional placement) and said Franklin Templeton was the biggest investor in QIP.

Tata Steel completed exchange programme for CARS (Foreign Currency Convertible Alternative Reference Securities) and completed swap of USD 875 million FCCB.

Edelweiss Capital gained nearly 2% as it formed life insurance JV with Japan's Tokio Marine. The company said companies would invest Rs 550 crore in JV.

In the midcap space, Monnet Ispat, Havells India, Jaiprakash Hydro, Atlas Copco and Thermax were up 3-5.6% while KGN Industries, Welspun Gujarat, Hindustan Oil Exploration, United Phosphorous and Patni Computer fell 2-4.6%.

In the smallcap space, Bliss GVS, Jindal Drilling (got Rs 635 crore, 5-year contract from ONGC), Lakshmi Energy and NDTV (US Based Scripps Networks bought 69% stake in NDTV lifestyle for USD 55 million) went up 7-11% while Sahara One, Kanani Industries, Rollatainers, Resurgere Mines and Oscar Investment lost 3-6%.

Renaissance Jewellery shot up 12%.

Sensex choppy with negative bias; SBI, ICICI Bk, DLF dip

The Sensex started the day with a negative bias amid volatility following weak global cues. Realty, select infrastructure, metal, banking, auto and technology stocks were under pressure.

At 9:56 am, the Sensex was down 49 points at 16,736 and the Nifty fell 15 points at 4,974. The CNX Midcap declined 19 points to 7,063. About 225 shares advanced while 449 shares declined on the NSE.

Among the frontliners, ICICI Bank, SBI, M&M, Ambuja Cements, DLF, Unitech, Hindalco, Tata Steel, Sterlite Industries, Maruti, Cairn, Infosys and Jaiprakash Associates were the losers.

However, Suzlon Energy was up 1.5%, as the company sold 35.22% stake in Hansen at 95 pence. It now holds 26.06% in Hansen. Deal was valued at 224 million pounds and Suzlon has got Rs 1,741 crore versus expectations of Rs 2,000 crore.

Power Grid, SAIL, Cipla, ONGC, NTPC, Jindal Steel and HDFC were the other gainers.

Midcap space:

Visa Steel shot up 12%.

Maral Overseas gained another 3.5%. Indian Hotel, Raj Oil Mills and Orchid Chemical were up 1.5-2%.

TV Today was up 3%. NDTV gained 4.5% as US Based Scripps Networks bought 69% stake in NDTV lifestyle for USD 55 million.

Triveni Engg rose 1.8% post results.

However, HDIL and BPL were down 1.7%. 

Welspun Gujarat lost 3%. According to sources, Welspun Gujarat's QIP opened and size is at USD 50 million. Floor price is at Rs 279.25/share ((CMP Rs 292.20)).

Global Cues:

Asian markets were marginally mixed. Nikkei and Taiwan Weighted were down 1%. Shanghai and Hang Seng fell 0.4-0.65%. However, Jakarta and Straits Times gained 0.2-0.4%.

The US markets ended off day's low in late hour of trading, as dollar index gained 0.4%.

The Dow Jones Industrial Average ended down 94 points at 10,332, which came off 75 points from day's low of 10,256.

The Nasdaq ended down 36 points at 2,157, which came off 15 points from day's low of 2,142. The S&P 500 Index ended down 15 points at 1,095, which came off 6 points from day's low of 1,089.

Commodities:

Reuters CRB index was down 1.2%.

Nymex December crude declined 2.6% at $77.4/bbl (due for expiry today).

Crude oil retreated for the fist time in four days.

Baltic Dry index gained 0.4% to 4661, at fresh 14-month high.

Gold held above $1140/ounce.

London Metals Index was down 1.5%.

Market cues:

-FIIs net buy USD 112.9 million on November 18
-MFs net sell Rs 300 crore on November 18
-Total F&O Open Interest down by Rs 1334 crore at Rs 109957 crore
-FIIs net sell Rs 459 crore in Cash on November 19 (prov)
-DIIs net buy Rs 117 crore in Cash on November 19 ( prov)
-FIIs net sell Rs 500 crore in F&O on November 19

F&O cues:

-Total Futures Open Int down by Rs 728 crore, Total Options Open Int down by Rs 606 crore
-Nifty down 1.3%, Futures Open Int remains unchanged
-Nifty Nov futures trading at 2 pt discount
-Nifty IVs at 23-26%
-Nifty Open Int PCR at 1.47 versus 1.54
-Nifty Calls adds 8.3 lakh shares in Open Int, Nifty Puts shed 24.5 lakh shares in Open Int
-Nifty Nov 5000 Call adds 4.9 lakh shares in Open Int
-Nifty Nov 5100 Call adds 4.5 lakh shares in Open Int
-Nifty Nov 5000 Put sheds 11.5 lakh shares in Open Int
-Nifty Nov 4900 Put sheds 6 lakh shares in Open Int
-Nifty Nov 5100 Put sheds 3.6lakh shares in Open Int
-Stock Futures shed 40.1 lakh shares in Open Int