Nifty ends above 5400 on F&O expiry day; pvt financials up

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 quiet; HDFC, HCL Tech, IDFC, ABB, GAIL shine

At 15.04 hrs IST, the Nifty was trading flat on expiry day. The volatility was missing yet again despite July series expiry. European markets were trading positive with marginal gains of 0.5%. BSE Midcap index was trading in green.

The Sensex was down 21.14 points or 0.12% at 17936.23, and the Nifty was up 6.90 points or 0.13% at 5404.45. About 1429 shares advanced, 1589 shares declined, and 332 shares remain unchanged.

In the largecap space, HDFC, HCL Tech, IDFC, ABB and GAIL were up 1.5-2.5%. On the losing side, SAIL, Suzlon Energy, Idea Cellular, Reliance Communications and Bharti Airtel were down 1.5-2.5%.

Index heavyweight Reliance was trading at Rs 1,012.80 down 0.8% from its previous close of Rs 1,020.95. Refinery major HPCL was trading at Rs 436.85 down 0.64% from its previous close of Rs 439.65. Tech major Infosys was trading at Rs 2,828.75 down 0.17% from its previous close of Rs 2,833.55.

Cigarette major ITC was trading at Rs 307.95 up 0.24% from its previous close of Rs 307.20. Hindustan Lever was trading at Rs 255.45 up 1.19% from its previous close of Rs 252.45.

Top gainers on the BSE Midcap: Petronet LNG, Akzo Nobel, 3M India, Oriental Bank and BOC India were up 5-9%.

Top losers on the BSE Midcap: KGN Industries, EID Parry, Ipca Labs, BF Utilities and Wockhardt were down 3-6%.

Top gainers on the BSE Smallcap: Venkys, Bhagwati Banquet, Himatsingka Seide, Andhra Cements and Halonix were up 8-14%.

Top losers on the BSE Smallcap: LGS Global, ITD Cementation, Gujarat Amb Exports, Tanla Solutions and Hawkins Cooker were down 6-10%.

Global Markets Snapshot
 
Robust quarterly earnings from Europe drove world stocks higher on Thursday, while the dollar hit a three-month low on the back of weak US data and a downbeat assessment of the economy from the Federal Reserve.

Investors took heart from results for companies including Shell, Rolls Royce or BAE Systems while there were gains for French service group Capgemini and France Telecom, Europe's third largest telecom operator by market cap.

Global equities measured by MSCI All-Country World Index added 0.3 percent, and the Thomson Reuters global stock index also put on 0.4 percent.

(With inputs from Reuters)

Sensex lacklustre; RIL, L&T, Bharti, SBI, RComm slip

At 13:26 hours IST - the benchmark Sensex was lacklustre in trade ahead of F&O expiry day for the month of July 2010. Heavyweight Reliance Industries was under pressure today as well; was down 0.7%. PSU financial, telecom and private power companies' shares along with SAIL, L&T, Sun Pharma, Jindal Steel, Infosys, M&M and ACC were other losers in trade, which capped the gains.

However, HDFC and HUL were leading stars; gained 2-2.4%. ICICI Bank, ONGC, HDFC Bank, Sterlite, Maruti, ITC, BHEL, Hero Honda, Wipro, NTPC and Hindalco were other gainers, which were quite supportive.

The Sensex was trading at 17966, up 9.5 points and the Nifty was at 5398, up 0.7 points. The Nifty July future was trading at 3 points premium and August future at 11 points premium.

Top gainers - HDFC was trading at Rs 2,968, up 2.50%; IDFC was at Rs 188.90, up 2.25%; HUL was at Rs 257.75, up 2.14%; HCL Tech was at Rs 380.50, up 2.13%; GAIL was at Rs 452.95, up 1.74%; Maruti Suzuki was at Rs 1,209.05, up 0.54%; ICICI Bank was at Rs 914.05, up 0.54% and Hero Honda was at Rs 1,864, up 0.50%.

Top losers - SAIL was trading at Rs 203.65, down 2.35%; Suzlon Energy was at Rs 57.25, down 2.14%; Idea Cellular was at Rs 68, down 2.09%; Reliance Comm was at Rs 183.60, down 1.42%; Bharti Airtel was at Rs 317.85, down 1.29%; ACC was at Rs 830, down 1.18%; DLF was at Rs 308.25, down 1.15% and SBI was at Rs 2,447.05, down 0.96%.

Aster Silicates, ARSS Infra, Monsanto India, Aban Offshore, Reliance and HDFC were the most active shares on exchanges.

About 1582 shares advanced while 1581 shares declined on BSE. Nearly 187 shares were unchanged.

Nifty trades in narrow range; Aban, ARSS Infra most active

At 11:55 hours IST - the 50-share NSE Nifty was trading in a narrow range of 5381-5405. It has been consolidating around 5400 for the third consecutive week, especially ahead of expiry day for the month of July 2010.

On the one side, FMCG, private financial and select healthcare companies' shares along with Cairn, HCL Tech, IDFC, NTPC, ABB, Maruti, Unitech, Hero Honda and Reliance Infrastructure were quite supportive to the markets.

However, technology, metal, telecom, private power and cement companies' shares along with Reliance Industries, SBI, ONGC, DLF, L&T, Tata Motors, PNB and M&M were witnessing selling pressure and capped the gains to major extent.

The Sensex was trading at 17977, up 20 points and the Nifty was at 5404, up 7 points. The Nifty August future was trading at 11 points premium.

Aster Silicates (listed yesterday), Monsanto India, Aban Offshore (yesterday it received 97% of insurance claim for its Pearl plant and ahead of results today), ARSS Infra (jumped 20% in last three days), MMTC (ex-bonus and ex-split today), Reliance Industries and HDFC were the most active shares on exchanges.

Top percentage gainers - MMTC surged 26.33%. Umang Dairies and Eurotex rallied 20% each.

In the midcap space, Akzo Nobel, 3M India, UB Holdings, Bata India and Monsanto India were up 4-5.7% while KGN Industries, Wockhardt, Patni Computer, EID Parry and BF Utilities fell 3-9%.

In the smallcap space, Bhagwati Banquet, Andhra Cement, Spice Mobility, Vikas WSP and Halonix gained 7-11% while LGS Global, ITD Cementation, Tanla Solutions, Emco and Finolex Inds lost 4.6-10%.

Sensex consolidates; HDFC, HCL Tech, Sun Pharma gain

At 10:29 hours IST, the benchmark Sensex was consolidating ahead of expiry today for the month of July 2010 while the Nifty was still trading below the 5400 level. Metal, telecom, technology and FMCG companies' shares along with ONGC, SBI, BHEL, DLF, Reliance Industries, Tata Motors, M&M and L&T were putting pressure on the markets.

However, buying continued in HDFC, Sun Pharma, HCL Tech (post 24% increase in net profit), HDFC Bank, Axis Bank, Unitech, Hero Honda, Hindalco, Maruti, Cipla and Reliance Infrastructure, which capped the gains to some exent.

The Sensex was trading at 17924, down 33 points and the Nifty was at 5387, down 10 points. The Nifty August future was trading at 10 points premium and July future at 1.5 points premium.

Top losers - DLF was trading at Rs 307.60, down 1.36%; Reliance Communications was at Rs 183.50, down 1.1%; Bharti Airtel was at Rs 318.20, down 0.89%; Reliance was at Rs 1,012, down 0.88%; SBI was at Rs 2,449, down 0.88%; Idea Cellular was at Rs 67.50, down 2.81%; SAIL was at Rs 204, down 2.18% and Suzlon Energy was at Rs 57.70, down 1.37%.

Aster Silicates (listed yesterday), Monsanto India, Aban Offshore, MMTC, Reliance Industries, HDFC and L&T were the most active shares on exchanges.

In the midcap space, 3M India, Bata India, UB Holdings, Monsanto India and Info Edge rallied 3.5-6% while EID Parry, Wockhardt, Lakshmi Machine, Alfa Laval and S Kumars Nation fell 2-3.5%.

In the smallcap space, Andhra Cement, Halonix, Bhagwati Banquet, Kalyani Steels and OCL Iron surged 6.5-10% while LGS Global, ITD Cementation, Subhkam Capital, Emco and JBF Industries fell 4-10%.

Nifty choppy ahead of F&O expiry; SAIL, DLF, SBI slip

The benchmark Nifty started the day on a flat note ahead of F&O expiry for the month of July today. Even Asian markets were mixed in trade.

At 9:01 hours IST, the Sensex was trading at 17945, down 12 points and the Nifty was at 5392, down 5.5 points. About 398 shares advanced while 332 shares declined on NSE.

Among the frontliners, Bharti Airtel, Idea Cellular, Reliance Communications, Sterlite Industries, ONGC, Hero Honda, Infosys, ICICI Bank and SBI were witnessing selling pressure.

Tata Communiations and JSPL lost over 2% post less-than-expected numbers. DLF lost 2% post disappointing numbers.

SAIL was down 1.6% ahead on numbers.

However, HCL Tech shot up 5.6% post better-than-expectations.

Kotak Mahindra Bank, HDFC, Maruti, ABB and Sun Pharma were gainers in early trade.

Midcap & Smallcap space:

Aban Offshore was up 1% ahead of numbers.

SPARC rose 3% while MTNL lost 3.5%.

Recent listings - Emami Infra declined 2.5% while Aster Silicates was up 1%.

Results reaction

Hexaware was up 2% post better numbers.

GMDC and Neyveli Lignite gained 1% each.

Global cues:

Asian markets were mixed in trade. Shanghai was up 0.5% and Jakarta up 0.3%. However, Nikkei & Taiwan fell 0.5% each. Kospi and Hang Seng declined 0.3% each.

The US markets ended marginally down post Fed's latest Beige Book. Fed said that growth slowed in some areas in past 2 months, dragged down by real estate and expiration of tax credit for homebuyers ((not unexpected since the Fed downgraded its economic forecast))

Last week, Ben Bernanke called future growth "uncertain".

The Dow Jones Industrial Average ended down 40 points at 10498. The Nasdaq Composite was down 24 points at 2265 and S&P 500 was down 8 points at 1106.

Commodities

September crude oil contract was down 0.7% at USD 76.99 a barrel.

September natural gas contract was up 1.1% at USD 4.71 per MMBtu

September silver contract was down 0.7% at USD 17.44/ounce, worst level since June 7

August gold contract was up 0.2% at USD 1160.4/ounce.

Grains went up 2.8%. September corn futures rose 3.7%

September wheat futures went up 3.5% at 13-month high

F&O cues:

Futures Open Int down Rs 179 crore

Options Open Int up Rs 2141 crore

Nifty Futures shed 2 lakh shares in total Open Int

Nifty July at 3-point discount

Nifty Aug at 5-point premium

Nifty Open Int PCR at 1.41 versus 1.48

Nifty Puts add 2 lakh shares in Open Int

Nifty Calls add 33 lakh shares in Open Int

Nifty Aug 5400 Put adds 4 lakh shares in Open Int

Nifty Aug 5500 Call adds 7 lakh shares in Open Int

Nifty July 5400 Put sheds 13 lakh shares in Open Int

Nifty July 5400 Call adds 6 lakh shares in Open Int

Stock Futures shed 1 cr shares in Open Int

Marketwide rollover at 64% versus 60% on D-1 of last series

Nifty rollover at 62% versus 54% on D-1 of last series