Nifty ends above 200 DMA of 4230; broader mkts outperform

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 4200; Realty, Metal, Infra indices up 3.5-8%

At 14:22 hours IST - the benchmark indices extended the rally strongly. Huge buying in realty, capital goods, power, metal, auto, oil & gas and telecom stocks was helping the Nifty to trade around the 4200 mark and the Sensex to trade above the 14,000 level. About 1.5% upside in European markets and 0.7-1% gain in US futures were also supporting our indices.

The broader indices were outperforming the benchmark indices; gained over 3.5% each. The Nifty surged 88 points, to 4,200 and the Sensex went up 284 points, to 14,136. About 1091 shares advanced while 150 shares declined on the NSE. The Nifty July futures were still trading with 7-10 points discount.

On the sectoral front, the BSE Realty Index surged nearly 8%. Metal, Power and Capital Goods indices gained 3.5-4.5%. Auto and Oil & Gas indices were up 2.5% each. Healthcare and Bank indices rose over 1%.

In the realty space, Indiabulls Real and Ackruti City gained 10-13%. HDIL, DLF, Omaxe, Orbit Corporation, Unitech and Sobha Developer were up 3-6%.

In the metal space, Hindalco, Tata Steel, JSW Steel, SAIL, Sterlite and Jindal Saw gained 3.5-5%.

Capital goods stocks like Punj Lloyd, BHEL, Siemens, ABB and L&T went up 2.8-6.6%. Power stocks like Lanco Infratech, Reliance Power, GMR Infra, GVK Power, Reliance Infrastructure, Power Grid Corp, Neyveli Lignite, Torrent Power, Suzlon Energy and Tata Power were up 2-14%.

Nifty holds 4150; RIL, L&T, Bharti, ONGC, BHEL lead

At 13.12 hrs IST, the markets were trading higher. The Nifty holds the 4150 mark. Strong buying interest was seen in realty, metal, capital goods and power stocks. However, IT and FMCG stock were trading weak.

 

Stocks like Reliance Industries, L&T, ITC, Bharti Airtel and HDFC Bank were the positive contributors to the Sensex. The BSE midcap and smallcap indices outperformed.

 

The Sensex was up 162.02 points or 1.17% at 14015.72, and the Nifty was up 62.75 points or 1.53% at 4174.15.

 

About 1964 shares advanced, 701 shares declined, and 494 shares were unchanged.

 

Anand Tandon of Brics Securities said that he expected the market to move up for the next three-four days but added that the market would be unable to sustain the rally. The Sensex, he added, was likely to fall to 12,500 next week. The dismal monsoon in the major agricultural states was a great cause for concern, he said, and this would greatly affect agricultural growth through the rest of the year.

 

Top gainers on the Sensex were DLF at Rs 317.70 up 5.86%, Jaiprakash Asso at Rs 202.25 up 5.72%, Hero Honda at Rs 1,478.10 up 5.45%, Hindalco at Rs 77.50 up 5.30% and BHEL at Rs 2,143 up 4.69%.

 

However, top losers on the Sensex were Infosys at Rs 1,762.05 down 2.45%, HUL at Rs 264.30 down 1.89% and Maruti Suzuki at Rs 1,080 down 0.76%.

 

The BSE midcap and smallcap indices were up 2.75% and 3.33% respectively.

 

Top gainers on the BSE Midcap - Rel Ind Infra, Bhushan, HMT, Essar Shipping and OnMobile Global were up 9-20%.

 

Top gainers on the BSE Smallcap - Infotech Enter, Sonata, Ruchi Soya, Rallis India and JSW Holdings were up 13-20%.

 

Sensex tests 14K; broader indices outperform

At 12:19 hours IST, the markets continued their upmove for the second consecutive day led by buying in infrastructure, telecom, realty, metal and select oil & gas stocks. The Sensex has tested the 14,000 mark. Today's star performers were the midcaps and smallcaps; respective BSE indices were outperforming the benchmark indices and gained over 2.4%.

However, selling in Infosys, HUL, ITC, ICICI Bank, HDFC Bank, Ambuja Cements, Maruti and BPCL capped the gains.

The Sensex gained 147 points, to 14,001 and the Nifty went up 47 points, to 4,158. About 997 shares advanced while 197 shares declined on the NSE.

Capital goods and power stocks continued to be in the limelight. Power Minister Sushil Kumar Shinde held a meeting with independent power producers (IPPs) on Tuesday to look into the problems faced by them in project execution. In an exclusive interview to CNBC-TV18, Shinde said that 11th Plan target of 78,750 megawatt (MW) was on track and that he confident of achieving it by March 2012, when the 11th Plan ends. "About 80,000 MW capacity is under construction currently," he said, adding that at the least, the government would be able to deliver 65,000 MW capacity addition.

In the capital goods space, Siemens, ABB, BHEL, Suzlon Energy, Punj Lloyd and L&T were up 2.3-3.7%. Power stocks like Reliance Power, Lanco Infratech, Torrent Power, Neyveli Lignite, GVK Power, Power Grid Corp, Reliance Infrastructure, GMR Infra and Tata Power gained 1.8-4.8%.

Adani Power IPO will open for subscription on July 28, 2009. Adani Enterprises locked at 10% upper circuit for the second day on trot.

On the sectoral front, Realty and Metal indices gained 4-4.6%. Capital Goods and Power went up 2.7% each. Auto, Healthcare and Oil & Gas gained 1-1.5%.

Among the frontliners, Jaiprakash Associates, Hindalco, Tata Steel, DLF, Hero Honda, Idea Cellular, Reliance Power and Suzlon Energy were top gainers, jumped 4-6%.

In the midcap space, Reliance Industrial Infrastructure shot up 20%. Bhushan, STC India, GE Shipping and Gujarat NRE Coke went up 8-15%.

In the smallcap space, Sonata, Ruchi Soya, JK Tyre, Alkali Metals and Indiabulls Securities gained 10-20%.

Mkts choppy with +ve bias; Infy, HUL, ITC, HDFC Bank dip

At 10:52 hours IST, the benchmark indices were trading higher amid volatility. Buying in telecom, capital goods, power, metal, realty and select banking stocks along with ONGC was helping the markets.

However, selling was seen in Infosys, HDFC Bank, HUL, ITC, SAIL, BPCL and Ambuja Cements. Reliance Industries was volatile in trade.

The Nifty was up 30 points, to 4,141 and the Sensex gained 88 points at 13,942. The broader indices continued their upmove with gains of 1.9% each. About 1800 shares advanced while 792 shares declined on the BSE. Nearly 567 shares were unchanged. The Nifty July future was trading with 7-10 points discount.

In the midcap space, Reliance Industrial Infrastructure, Indiabulls Real, STC India and GE Shipping were up 6-12.4%.

In the smallcap space, SREI Infra, Panyam Cements, MSP Steel, Alkali Metals and WABCO-TVS gained 7-10% while Kaveri Seed, Garden Silk Mill, Jindal Worldwid, Hinduja Venture and Oscar Investment fell 4-5%.

Aban Offshore, RNRL, Suzlon Energy, Tata Steel, Reliance Industries and ICICI Bank were most active shares on the bourses.

Top gainers - Hindalco was at Rs 76.45, up 3.87%; Tata Steel was at Rs 371.35, up 3.67%; Jaiprakash Associates was at Rs 196.85, up 2.90%; Hero Honda was at Rs 1,441, up 2.80%; BHEL was at Rs 2,094, up 2.30%; Idea Cellular was at Rs 71.20, up 4.32%; Siemens was at Rs 416, up 4.20% and Suzlon Energy was at Rs 93.20, up 3.90%.

Nifty tests 4150 led by infrastructure, metals, telecom

The markets opened higher in line with the global markets post good earnings from Goldman Sachs and Intel in US. Realty, infrastructure, ADAG, metal and select telecom stocks were witnessing buying interest and helped the Nifty to surpass the 4150 level in the early trade. Gains in commodities also supported the equity. The markets were a bit choppy.

At 9:56 am, the Sensex rose 119 points, to 13,973 and the Nifty ganied 37 points at 4,148. The CNX Midcap and the BSE Smallcap Index went up 1% each to 5,242 and 5,347, respectively. About 522 shares advanced while 60 shares declined on the NSE.

Among the frontliners, Suzlon Energy, Siemens, Hindalco, SAIL, Tata Steel, Reliance Communication, Idea Cellular, Reliance Infrastructure, L&T, Unitech, Wipro, HCL Tech and DLF were gainers. However, Infosys, Maruti and Sun Pharma were a bit of under pressure.

Midcap Space

Aban Offshore jumped 7%, after seeing a rally over 20% on Tuesday. SREI Infrastructure continued its uptrend, gained 7.5%.

IDBI Bank gained 3% ahead of its Q1FY10 numbers.

3i Infotech and Rolta India went up over 3%. PFC was up 2% post good numbers for Q1FY10 (bottomline was nearly double than Q1FY09).

Adani Enterprises locked at another 10% upper circuit, as SEBI cleared Adani Power IPO, which will open on July 28.

Global cues:

Asian markets were trading higher. Kospi was up 2.4%. Straits Times and Taiwan went up 1-1.5%. Shanghai, Hang Seng and Nikkei rose 0.5-0.8%. Asian currencies gained versus USD.

The US markets ended higher as better-than-expected results from Goldman Sachs, Intel overshadowed concerns about weak consumer demand.

The Dow Jones Industrial Average was up 27.8 points or 0.33% to 8,359.5. The S&P 500 Index gained 4.8 points or 0.5% at 905.8 and the Nasdaq went up 6.5 points to 1,799.7.

Commodities

Reuters CRB Index was up 1%.

Gauge of 6 metals in London gained 3.4%.

Crude gained 0.6% at $59.88/bbl.

Copper and Aluminium went up 3%; Nickel up 6%; Lead up 3% and Tin up 6%.

Market cues:

-FIIs net buy USD 38 million on July 13
-Total F&O Open Int up by Rs 3,253 crore at Rs 74,688 crore
-FIIs net buy Rs 87 crore in cash on July 14 (prov)
-DIIs net buy Rs 200 crore in cash on July 14 (prov)
-FIIs net buy Rs 1,280 crore in F&O on July 14

F&O cues:

-Total Futures Open Int up by Rs 1,650 crore
-Total Options Open Int up by Rs 1,603 crore
-Nifty Futures up 3.7%, Futures Open Int up by 0.9%
-Nifty July Futures at 1-pt premium Vs 9-pt discount
-India VIX at 35.05 versus 35.8
-Nifty Open Int Put Call Ratio at 0.88 versus 0.81
-Nifty Call Open Int unchanged
-Nifty Puts add 37 lakh shares in Open Int
-Nifty 4000 Put adds 13.2 lakh shares
-Nifty 3900 Put adds 6.6 lakh shares
-Nifty 3800 Put adds 4.7 lakh shares
-NIfty 4200 Call adds 4.9 lakh shares
-Nifty 3900 Call sheds 3 lakh shares
-Stock Futures add 75.1 lakh shares in Open Int