Nifty closes tad below 5200; RIL above 200-DMA, up 4%

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty?

Nifty hits 5200; RIL, L&T, BPCL, SAIL, Tata Steel shine

At 14.41 hrs IST, Nifty was trading with positive bias. Nifty finally broke out of the 5080-5150 range today after 6 trading sessions. Buying was seen in oil&gas, metal, auto, capital goods and power stocks. Selling was seen in FMCG stocks.

Reliance Industries lead the rally for bulls and was trading above its 200 day moving average. BSE Midcap and Smallcap index were up 0.87% and 1.1% respectively.

The Sensex was up 127.80 points or 0.74% at 17292.79, and the Nifty up 41.75 points or 0.81% at 5170.65. About 1757 shares advanced, 1154 shares declined, and 281 shares were unchanged

In the largecap space, Reliance Industries, BPCL, SAIL, Tata Steel and Cairn India were up 2-3%. On the losing side, Bharti Airtel, ACC, ITC, HDFC Bank and Jaiprakash Asso were down 1-2%.

Index heavyweight Reliance was trading at Rs 1,056.50 up 2.8% from its previous close of Rs 1,027.75. Hindustan Lever was trading at Rs 226.55 up 0.53% from its previous close of Rs 225.35.

Tech major Infosys was trading at Rs 2,710.30 up 0.34% from its previous close of Rs 2,701.20. Cigarette major ITC was trading at Rs 256.25 down 1.29% from its previous close of Rs 259.60. Refinery major HPCL was trading at Rs 333.30 up 1.8% from its previous close of Rs 327.40

Top gainers on the BSE Midcap: REI Six Ten, Jai Corp, Apollo Tyres, Triveni Engg and 3M India were up 6-14%.

Top losers on the BSE Midcap: ING Vysya Bank, Essar Shipping, Shriram City, Godfrey Phillip and STC India were down 2-3%.

Top gainers on the BSE Smallcap: Cholamandalam, Ruchinfra, Hawkins Cooker, Graviss Hospital and Sanwaria Agro were up 9-15%.

Top losers on the BSE Smallcap: Thinksoft, Gee Kay Finance, Gemini Comm, Maharashtra Ele and Prraneta Ind were down 4-5%.

Sensex hovers around 17200; oil & gas, metals, pharma up

At 13:09 hours IST, the benchmark Sensex strengthened a bit. Reliance Industries was the leading counter, up 2.5%, along with entire oil & gas space. Metal, pharma, technology (barring Wipro), auto, select power and capital goods stocks were the other gainers, which were supporting the markets to stay on the higher side.

However, selling in banking & financial space along with Bharti, ITC, Wipro, DLF, Jaiprakash Associates, ACC and Ambuja Cements capped the gains to major extent.

The Sensex was trading at 17213, up 48 points and the Nifty was at 5147, up 18 points. The broader indices were outperforming the benchmark indices; the BSE Midcap Index was up 0.6% and the Smallcap was up 1%.

In the pharma space, Sun Pharma, Cipla and Ranbaxy Labs gained 0.5-1.7%.

Jindal Steel from the metal pack gained 1.8%. SAIL, Tata Steel and Hindalco went up 0.6-1%.

Oil & gas stocks like ONGC, Cairn India, BPCL and GAIL were up 1-2%.

However, HDFC Bank from the banking & financial segment lost 1.9%. SBI, ICICI Bank and HDFC slipped 0.4-0.6%.

The markets breadth was also positive; about 850 shares advanced while 410 shares declined on the NSE.

Top gainers on the BSE Midcap - REI Six Ten was up 15.45%. Jai Corp, Apollo Tyres, Triveni Engg and 3M India gained 5.8-10.7%.

Top losers on the BSE Midcap - Bannariamman, ING Vysya Bank, HMT, Essar Shipping and Shriram City fell 2-3%.

Top gainers on the BSE Smallcap - Ruchinfra, Graviss Hospital, Graphite India, Panyam Cements and Carol Info went up 8-10%.

Top losers on the BSE Smallcap - Richa Industries, Thinksoft, Gee Kay Finance, Gemini Comm and Maharashtra Elektrosmelt slipped 5-6%.

Nifty quiet: RIL, Texmo Pipes, Educomp most active

At 11:52 hours IST - the 50-share NSE Nifty continued to see volatile trade today as well. On one hand, while banking & financial and cement stocks along with Bharti Airtel, ITC, Sterlite Industries, Wipro, DLF and Jaiprakash Associates were putting pressure on the benchmark indices, buying in oil & gas, power, pharma, select technology, metal and capital goods stocks along with HUL, Tata Motors and Hero Honda stocks was helping the markets.

Portfolio Manager, PN Vijay said the markets might be rangebound for the next 5-6 sessions. "Right now there is a bit of liquidity crunch because of advance tax, corporate India has taken out about Rs 30,000 odd crore and the NMDC issue has taken out some Indian institutional money. So immediately there is lack of buying interest domestically and going forward we have this inflation number which is stubbornly close to 10%. So these are some immediate concerns."

Asian markets were also quite mixed in trade. Shanghai, Hang Seng and Nikkei went down 0.3-0.44% while Taiwan Weighted gained 0.8% and Straits Times was up 0.3%.

The Sensex was trading at 17182, up 17 points and the Nifty was at 5135, up 6.6 points. Among the broader indices, the BSE Midcap Index was up 0.5% and Smallcap up 0.8%.

Top gainers - Reliance Industries was trading at Rs 1,049, up 2.04%; BPCL was at Rs 537.50, up 1.76%; L&T was at Rs 1,578, up 1.56%; HCL Tech was at Rs 374.85, up 1.54%; Sun Pharma was at Rs 1,645.80, up 1.40%; Tata Power was at Rs 1,370, up 1.26% and Tata Motors was at Rs 777.05, up 1.12%.

However, HDFC Bank was trading at Rs 1,772.25, down 2.15%; ITC was at Rs 255.20, down 1.69%; Bharti Airtel was at Rs 294.95, down 1.54%; ACC was at Rs 969.05, down 1.32%; Sterlite Industries was at Rs 816.15, down 1.23% and Jaiprakash Associates was at Rs 147, down 1.14%.

Reliance Industries, Educomp Solutions, Jai Corp, Core Projects, SBI and Texmo Pipes were the most active shares on the bourses.

In the midcap space, Jai Corp, REI Six Ten, Apollo Tyres, Andrew Yule and Carborundum gained 4-10% while Godfrey Phillip, ING Vysya Bank, Essar Shipping, HMT and Bannariamman fell 2-3.7%.

In the smallcap space, Ruchinfra, Graviss Hospital, Graphite India, Sanwaria Agro and Carol Info rallied 8-12% while Richa Industries, Thinksoft, Maharashtra Ele, Mah Polybutenes and Gee Kay Finance lost 5-6%.

Sensex lacklustre; HDFC Bk, ICICI Bk, Bharti, ITC slip

At 10:27 hours IST - the 30-share BSE Sensex was completely lacklustre in trade and was trading in two-way moves. Oil & gas, pharma, auto and select power stocks along with L&T, HUL and Reliance Communications were supporting the markets.

However, selling was seen in banking & financial (especially private banking), metal and realty stocks along with Bharti, DLF, Wipro, ACC and Jaiprakash Associates.

The Sensex was trading at 17172, up 8 points and the Nifty was at 5131, up 3 points. The Nifty March future was trading flat. 

The broader indices were outperforming the benchmark indices with marginal gains; the BSE Midcap Index was up 0.22% and Smallcap up 0.5%.

The market breadth was marginally in positive; about 1558 shares advanced while 1284 shares declined on the BSE. Nearly 349 shares were unchanged.

Reliance Industries, Texmo Pipes, Core Projects, Man Infraconstruction, Reliance Natural, Tata Power, Shree Renuka and Axis Bank were the most active shares on the bourses.

In the midcap space, Apollo Tyres, Asian Star, Andrew Yule, Whirlpool and Phoenix Mills gained 3-5% while Godfrey Phillip, HMT, ING Vysya Bank, KS Oils and Essar Shipping fell 1.7-3.7%.

In the smallcap space, Graphite India, Graviss Hospital, Atco Corp, Lok Housing and Madhucon Project went up 6-11% while Hinduja Foundries, Thinksoft, Maharashtra Polybutenes, Gee Kay Finance and Prraneta Industries declined 4.8-7.8%.

Nifty positive on Asian cues; RIL, L&T, HUL up

The benchmark Nifty began the day's trade with marginal gains following positive Asian cues and late trade recovery in the US markets. However, the market continued its consolidation phase for the ninth consecutive session.

At 9:02 hours IST, the Sensex was trading at 17197, up 32 points and the Nifty was at 5137, up 8 points. The CNX Midcap rose 20 points to 7490. About 451 shares advanced while 245 shares declined on the NSE.

Among the frontliners, Ranbaxy, Idea, HCL Tech, Jaiprakash Associates, HDFC, Tata Motors, Cipla, Tata Steel, Maruti, SAIL, Hindalco, ACC and Axis Bank were seeing buying interest.

However, Bharti Airtel, Ambuja Cements, HDFC Bank, Grasim, Infosys and ICICI Bank were losers in trade.

Midcap & Smallcap space:

Radico Khaitan was up 3%, as the company plans to raise USD 50-75 million QIP.

Technology stocks like 3i Infotech and MindTree gained 3% each.

Mahindra Ugine rose 3% and Inox Leisure was up 4%.

Great Offshore went up 1% on the back of likely fund raising.

However, Sugar stocks like Balrampur Chini, Bajaj Hindusthan and Shree Renuka were down 0.5-1%.

NMDC lost 2.5% to Rs 335.

Global cues:

Asian markets were trading marginally higher.

The US markets saw late rebound to end flat. Financials saw relief rally offsetting weakness from dollar advances.

The Dow Jones Industrial Average gained 0.16% to 10,642 and the S&P 500 was up 0.05% to 1,150.5 while Nasdaq slipped 0.23% to 2,362.2.

Commodities

Oil declined 2% to below USD 80 a barrel.

Alert: OPEC meets on Wednesday to discuss policy production.

CRB Index declined 0.9% at 270.79.

Gold gained 0.3% at USD 1109/ounce.

Copper hit 2-week low.

Baltic dry index was up 2%.

Market cues:

FIIs were net buyers to the tune of USD 85.6 million in equities on March 12, as per data available on the SEBI website.

FIIs net bought Rs 660 crore while DIIs net sold Rs 128 crore in cash markets on March 15, as per provisional data on the NSE website. FIIs net sold Rs 380 crore in F&O.

FIIs in F&O

FIIs were net sellers to the tune of Rs 270 crore in Nifty futures and net sellers of Rs 157 crore in Nifty options, as as per data available on the NSE website.

NSE F&O Open Interest was up by Rs 573 crore at Rs 1,20,026 crore on Monday.

F&O cues:

Futures Open Interest was down by Rs 218 crore while Options Open Interest up by Rs 791 crore

Nifty futures shed 4 lakh shares in Open Interest and ended at 3-point premium.

Nifty Open Interest PCR was at 1.51 versus 1.44.

Nifty Puts added 23 lakh shares while Calls shed 11 lakh shares in Open Interest

Nifty 5000 Put added 5.7 lakh shares in Open Interest.

Nifty 5100 Put added 5.4 lakh shares in Open Interest.

Nifty 5100 Call shed 7.5 lakh shares in Open Interest.

Nifty 5200 Call shed 4.8 lakh shares in Open Interest.

Stock futures added 2 crore shares in Open Interest