Nifty ends above 4500; Realty, Banks up 6.5%, Auto 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?

Markets @ 12:17 pm : Mkts volatile: Hero Honda, ICICI, HDFC Bank gainers

Markets again turned into choppy trade after looking like stabilising at higher levels. Buying is seen in banking, auto, FMCG and select realty stocks while selling in metal, technology, select oil, power and capital goods stocks. However, midcap and small cap stocks are holding yesterdays momentum.

The Sensex fell 13 points at 14,564 and Nifty down 5 points 4,390. Nifty July futures is trading at 12 points premium, at 12:17 pm. BSE Midcap and Small cap indices rose 0.7% each.

Top gainers are HDFC Bank, ICICI Bank, M&M and Hero Honda while losers - Sterlite Ind, Tata Steel, Tata Power and Cairn India.

Market breadth is positive; about 1866 shares have advanced while 1081 shares declined. Nearly 209 shares are unchanged.

BSE Bankex surged 2.7%. Auto, FMCG and Realty shot up 1%-1.8%. However, Metal slipped 2.8% and IT down 1.1%. Power, Capital Goods and Oil & Gas indices fell marginally.

Markets @ 11:00 pm : Nifty above 4400; banks, realty, auto stks strong

Markets are trading higher with marginal gain after yesterdays consolidation but still witnessing some choppiness. Lower crude oil price is helping markets a bit. Buying is seen in banking, realty, auto, power, FMCG and capital goods stocks while selling in metal, technology and select oil stocks.

Nifty is back above 4400 and trading at 4,418, up 22 points. Sensex rose 106 points at 14,684. BSE Midcap and Small Cap indices continued their run up for second day, gained over 1.3% each.

Daiichi Sankyo open offer for Ranbaxy will open on August 16 and close on September 4, 2008. Stock gained marginally.

BHEL has bagged order worth Rs 2,500 crore from Krishnapatnam Power unit and Nagarjuna Construction bagged four orders worth Rs 443 crore.

BSE Bankex rose 4%, Realty, Auto, FMCG and Power indices gained 1-2%. Capital Goods and Healthcare shot up by 0.8% each. However, Metal fell 1.8% and IT down 0.7%.

Markets @ 9:57 am : Mkts choppy; realty, power, cap goods stks up

Markets have opened flat with negative bias following weak global cues but immediately turned into choppy trade. Selling pressure is seen in metal, banking, select technology, FMCG and oil stocks while buying in auto, power, capital goods and realty. Decline in crude oil price didn't help markets.

At 9:57 am, the Sensex was down 32 points at 14,545 and Nifty down 8.4 points at 4,386. However, BSE Midcap and Small cap indices rose around 0.8% each.

Amongst frontliners, Sterlite Ind, Cairn India, Infosys, Tata Steel, ICICI Bank, Dr Reddys Labs, SAIL, Wipro, Reliance have lost ground while Ranbaxy Labs, HCL Tech, BPCL, Ambuja Cements, Unitech, Hindalco, DLF, Reliance Comm, BHEL, NTPC, Tata Power, Suzlon and PNB gained.

Ranbaxy Labs shot up nearly 3% as Daiichi Sankyo has received FIPB approval and SEBI approval for Ranbaxy open offer.

Sesa Goa fell 4% as reports suggest that in order to control steel prices, government is planning to bring iron ore under price control.

Cairn India declined around 3% due to lower crude oil price in international markets.

Asian markets were trading lower barring Nikkei. Hang Seng, Jakarta, Straits Times and Taiwan fell 1-2%. Kospi slipped marginally. However, Nikkei gained 0.5%.

Crude slipped by USD 5 to USD 120.28 per barrel on the NYMEX as demand from US and Europe has declined. OPEC production has increased and there is high output from Saudi Arab. Experts see near term range at $ 117 - 125 a barrel.

In US markets, stocks took a trip down south despite plunging commodity prices. The Dow plunged 42.17 points, or 0.37%, to 11,284.15. The Standard & Poor's 500 index lost 11.30 points, or 0.90%, to 1,249.01, and the Nasdaq composite index slipped 25.40 points, or 1.10%, to 2,285.56.

Market cues:

• FIIs net sell $84.8 mn in equity on Aug 1
• MFs net buy Rs 226.4 cr in equity on Aug 1
• NSE F&O Open Interest up by Rs 2,305 cr at Rs 60,656 cr

F&O cues:

• Futures Open Interest up by Rs 628 crore and Options Open Interest up by Rs 1,677 crore
• Nifty Futures add 1.5 lakh shares in Open Interest
• Nifty Futures at 10-pt premium Vs 20-pt on Friday
• Nifty Open Interest PCR at 1.28 Vs 1.35
• Nifty Puts add 9 lakh shares in Open Interest
• Nifty Calls add 18 lakh shares in Open Interest
• Nifty 4100 Put adds 3.2 lakh shares in Open Interest
• Nifty 4400 Put adds 1.5 lakh shares in Open Interest
• Nifty 4600 Call adds 3.8 lakh shares in Open Interest
• Nifty 4500 Call adds 3.2 lakh shares in Open Interest
• Stock Futures add 2.4 cr shares in Open Interest