Nifty ends over 100 pts up on +ve global cues; Bankex up 5%

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 touches 4900 on +ve European cues; heavyweights gain

At 14:55 hours IST - the Nifty extended gains and has tested the 4,900 mark while the Sensex was inching towards the 16,500 level. Buying banking & financial, realty, metal, auto, power and oil & gas stocks was helping the markets to remain on the higher side for the fourth day in a row. About 0.5-1% rise in European markets and the US index futures was also supportive.

The market breadth was positive; about 994 shares advanced while 269 shares declined on the NSE. The BSE Midcap Index rose 1.5% and the Smallcap Index up 2%.

The Sensex surged 334 points to 16,492 and the Nifty was up 104 points at 4,900. The Nifty November future was trading with 4 points premium. 

Heavyweights like Reliance Industries, SBI, ICICI Bank, ITC, SAIL, HDFC Bank, HDFC and DLF gained 3-4.9%. Axis Bank shot up 7%. However, Bharti Airtel fell 3.7% and Reliance Communications was down over 2%. Idea Cellular lost 0.7%.

In the midcap space, Jai Corp locked at 20% upper circuit. Central Bank, Sobha Developer, Thomas Cook and Tech Mahindra were up 8.5-14% while Tata Teleservices, Educomp Solutions, Info Edge, Spice Communications and Gammon India fell 2-4%.

In the smallcap space, KPIT Cummins, Gulf Oil Corp, Orbit Corporation, Kalyani Steels and English India gained 10-15.5% while Gateway Distriparks, Kanani Industries, Vindhya Telelink, Banco Products and KPR Mill slipped 4-6%. 

Sources said ICICI Bank, Temasek and Metavante would sell stake in Firstsource, which jumped nearly 5%.

According to sources, Mahindra Satyam's BPO recorded profit in Q2 and saw QoQ growth of 8% in revenues. The stock was up 8%.

NMDC's divestment proposal is likely to go to cabinet on November 19, reports CNBC-TV18 quoting sources. The stock gained 7%.

L&T bagged Rs 1,635 crore order from MP power plant. The stock rose 1.2%.

Gateway Distriparks' arm Gateway Rail Freight will raise up to Rs 300 crore from Blackstone via CCPS, according to sources. The stock declined over 5%.

Sources said Citibank was going to sell internal tech operations, which valued between $30-50 million. HCL Tech, Quattro Solutions and Genpact are in talks with Citibank. HCL Tech gained just 1.6%.

Punj Lloyd entered into JV with Delta Solar for Solar Utility project.

Sensex trades strong; RIL, Infosys, ICICI Bank, SBI lead

At 13:34 hours IST, the Nifty was trading with positive bias & was inching towards the 4900 mark. Heavy buying was seen in banking, metal, oil & gas and FMCG stocks. On the losing side, telecom stocks continued to reel under pressure. About one percent rise in European markets was also supportive.

 

All BSE sectoral indices were trading in green barring TECk Index. The BSE Midcap and Smallcap indices gained 1.24% and 1.83%, respectively. Out of 30 stocks in Sensex, 26 stocks were trading in green. Reliance, Infosys, ICICI Bank, L&T, ITC, SBI and HDFC were the positive contributors for the Sensex.

 

The Sensex was up 241.13 points or 1.49% at 16399.41, and the Nifty was up 81.40 points or 1.70% at 4877.55. About 2078 shares advanced while 902 shares declined. Nearly 786 shares were unchanged. On the F&O side, huge activity of put writing was seen in 4700 and 4600 puts. 

 

Top gainers on the Sensex were Reliance at Rs 2,021.35, up 3.30%; ITC at Rs 256.50, up 3.20%; Tata Power at Rs 1,310.20, up 3.04%; ICICI Bank at Rs 871.55, up 2.69% and SBI at Rs 2,261.65, up 2.61%.

 

Cigarette major ITC was trading at Rs 256.50 up 3.2% from its previous close of Rs 248.55.

 

Top losers on the Sensex were Bharti Airtel at Rs 308.75, down 3.49%; Reliance Communications at Rs 174.05, down 2.22%; HUL at Rs 271.10, down 0.7% and BHEL at Rs 2,220, down 0.07%.

 

Most active shares on NSE were Reliance, SBI, ICICI Bank, Unitech and HDIL.

 

Top gainers on the BSE Midcap - Jai Corp, Central Bank, Sobha Developer, Thomas Cook and Hotel Leela were up 6-20%.

 

Top gainers on the BSE Smallcap - Orbit Corporation, Gulf Oil Corp, KPIT Cummins, Kalyani Steels and IVR Prime were up 9-15%.

 

Nifty touches 4850; banks, metals, oil & gas, power up

At 12:43 hours IST, the Nifty strengthened, after seeing volatility since early trade and touched the 4,850 level. Buying in banking & financial, metal, power, auto, pharma and oil & gas stocks was supporting the markets to stay on the higher side.

However, selling continued in Bharti, Reliance Communications, BHEL, HUL, Unitech, Suzlon, Ambuja Cements and Idea Cellular, which capped the gains to some extent.

The Nifty gained 54 points at 4,850 and the Sensex rose 177 points to 16,335. The broader indices were up 1.3-1.7%, as about 943 shares advanced while 294 shares declined on the NSE. 

Banking stocks like Axis Bank rose 4%. PNB, HDFC Bank, SBI, ICICI Bank, Bank of Baroda and Kotak Mahindra were up 1.5-2.4%.

Reliance Industries went up 2.83% in the oil & gas space, GAIL, BPCL, Cairn India and ONGC moved up 0.4-0.8%.

In the metal pack, JSW Steel, Jindal Steel, Sesa Goa, Tata Steel, SAIL, Hindustan Zinc, Hindalco and Sterlite Industries gained 1-3%. NALCO was up 0.61%.

Tata Power, GMR Infra, Lanco Infratech, ABB and Reliance Infrastructure went up 1-2.6% in the power space. Siemens, Torrent Power, NTPC, Neyveli Lignite, Power Grid Corp and NHPC were up 0.3-0.8%.

In the healthcare segment, Biocon, Divis Labs, Glenmark, Piramal Health, Lupin, Sun Pharma, Dr Reddys Labs, Dishman Pharma, Cipla and Ranbaxy Labs gained 0.5-2.8%.

Top percentage gainers - Jai Corp locked at 20% upper circuit. Scooters India and Trent (W) were up nearly 20%. Todays Writing, Rich Capital, Crew, Orbit Corporation and Gulf Oil Corp gained 13-16%.

Top percentage losers - Krishna Filamen, Best Eastern, Transcorp Int, DFM Foods, Surana Corp, aurionPro Solutions, Mangalam Timber, Khaitan Electric, Wanbury and Shah Alloys fell 5-10%.

Nifty consolidates; metals, banks up, telecom, realty dip

At 11:43 hours IST, the Sensex was consolidating as traders seemed cautious after three days of rally. Telecom, technology, capital goods, realty, cement and select power stocks were putting pressure on the markets. ONGC and HUL were the other losers.

However, buying continued in metal, banking & financial, select auto and pharma stocks. Heavyweights Reliance Industries and ITC were also supporting the equity benchmarks.

The Sensex was down 9 points at 16,148 and the Nifty fell 5 points at 4,791. However, the broader indices were outperforming the benchmark indices, up 0.4-1%. The market breadth was positive; about 1,891 shares advanced while 1,022 shares declined on the BSE. Nearly 853 shares were unchanged.

In the telecom space, Bharti Airtel and Reliance Communications fell 3-4%. Tata Communications, Tata Teleservices and MTNL declined 1.7-2.7%. Idea Cellular was down 1.29%.

Realty stocks like Unitech, Parsvnath, DLF and Indiabulls Real slipped 1.7-2.7%.

Suzlon Energy was down 3%. GVK Power, Reliance Infrastructure, Reliance Power, Power Grid Corp and Adani Power were down 1-1.2% in the power space.

Capital goods stocks like BHEL, Punj Lloyd and L&T fell 0.7-1.5%.

HCL Tech, Infosys, TCS and Wipro slipped 0.4-1% in the technology segment.

However, JSW Steel, Sesa Goa, Hindustan Zinc, Jindal Steel, Tata Steel, SAIL and NALCO gained 0.5-2% in the metal space.

Banking stocks like Axis Bank, PNB, Kotak Mahindra, Bank of Baroda and SBI were up 1-2.4%. HDFC Bank was up 0.89% and ICICI Bank rose just 0.14%.

Sensex volatile with positive bias; Bharti, RComm, DLF dip

At 10:53 hours IST, the Nifty was trading higher amid volatility as heavyweights were seeing buying interest. Big boy Reliance Industries was up 2.5%. Buying continued in banking & financial, metal, oil marketing and select pharma stocks. However, selling in realty, telecom, select power, cement and auto stocks capped the gains. ONGC and Cairn India were the other losers.

Asian markets were also supportive a bit. Straits Times and Hang Seng gained 1-1.4%. Kospi, Taiwan Weighted and Nikkei were up 0.4-0.8%. Shanghai and Jakarta were flat in trade.

The Sensex rose 74 points to 16,232 and the Nifty gained 21 points at 4,817. The Nifty November future was trading with 7 points discount.

The broader indices were outperforming the benchmark indices, were up 0.8-1.2%. The market breadth was positive; about 855 shares advanced while 327 shares declined on the NSE.

Bharti Airtel, Reliance Communications, ONGC, BHEL, DLF, Unitech, Suzlon, Jaiprakash Associates and Ambuja Cements were negative contributors while Reliance Industries, SBI, HDFC Bank, JSPL, ICICI Bank, ITC, SAIL, HDFC, Sterlite, Tata Power and Tata Steel were positive contributors to the indices.

Gold made an all-time high of $1105 an ounce today.

In the midcap space, Jai Corp shot up 13.5%. Sobha Developer, Central Bank, KGN Industries and Andrew Yule gained 4.5-5%. However, Spice Communication, Educomp Solutions, STC India, Godfrey Phillip and Patni Computer lost 2-4%.

In the smallcap space, Orbit Corporation, Kalyani Steels, IVR Prime, Sahara One and Gulf Oil Corp went up 9.5-12% while Kanani Industries, CMI FPE, Polaris, Banco Products and WABCO-TVS slipped 3.4-4%.

Nifty above 4800; RIL, SBI, Sterlite, SAIL, Ranbaxy gain

The Sensex started its first day of the week on a positive note led by buying in metal (rallied on the back of gain in base metals), banking, select oil & gas, telecom, pharma and technology stocks. Heavyweights were leading the markets.

At 9:56 am, the Sensex was up 87 points at 16,245 and the Nifty moved up 25 points at 4,820. The CNX Midcap went up 0.8% to 6,893, as about 600 shares advanced while 100 shares declined on the NSE.

Among the frontliners, Ranbaxy Labs, Suzlon Energy, DLF, Bharti Airtel, SAIL, Tata Steel, Jaiprakash Associates, PNB, SBI, BPCL, HCL Technologies, Idea Cellular, Hindalco, Sterlite, Reliance Industries and Cipla were leading the markets.

Cairn, Reliance Communications, ONGC and Unitech were the losers in the early trade.

Midcap space

Maytas Infra gained nearly 9% on the back of getting big order in the last week.

Edserv Softsystems was up 7% while Educomp fell 1%.

Deccan Chornicle and TV Today gained 3%.

NMDC rose 7% and and ITI went up 2.5%. Apollo Tyres rose 3% and HCC gained 3.5%

Global cues:

Asian markets were trading higher. Hang Seng and Taiwan Weighted gained 1% each. Nikkei and Straits Times were up 0.4% each. Kospi rose 0.9%. Shanghai and Jakarta were flat in trade.
 
The US markets ended flat despite disappointing jobs report. The Dow Jones Industrial Average ended up 17.5 points at 10,023, which was up 3.2% for week and was up 14.2% YTD (year-to-date).

The Nasdaq Composite ended up 7 points at 2,112, which was up 3.3% for week and was up 34% YTD. The S&P 500 index ended up 2.7 points at 1,069, which gained 3.2% for week and was up 18.4% YTD. US unemployment rate crossed psychological mark of 10% at 10.2% - at 26 years high.

Market cues:

-FIIs net buy USD 56.8 million on November 5
-MFs net buy Rs 34.3 crore on November 5
-Total F&O Open Interest up by Rs 1,280 crore at Rs 90,797 crore
-FIIs net buy Rs 587 crore in cash on November 6 (Prov)
-DIIs net buy Rs 237 crore cash on November 6 (Prov)
-FIIs net buy Rs 1,471 crore in F&O on November 6

F&O cues:

-Total Futures Open Int down by Rs 389 crore
-Total Options Open Int up by Rs 1,670 crore
-Nifty Puts add 21 lakh shares in Open Int
-Nifty Calls add 9.5 lakh shares in Open Int
-Nifty Open Int PCR at 1.26 versus 1.24
-Nifty Futures trading 6-pt disc versus 5-pt prem
-Nifty IVs at 26-30% levels
-Nifty 4600 Put adds 9.6 lakh shares in Open Int
-Nifty 4700 Put adds 8.7 lakh shares in Open Int
-Nifty 4800 Call adds 6 lakh shares in Open Int
-Nifty 4900 Call adds 5 lakh shares in Open Int
-Stock Futures shed 1.8 crore shares in Open Int