Nifty ends with moderate losses; ITC up 2.5%

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Nifty flat; ITC, PNB, Tata Motors, ABB, ICICI Bank up

At 14.42 hrs IST, the Nifty was trading flat. It was a choppy session for the markets wherein bulls and bears were struggling to find an upper hand. The Nifty failed to gain momentum in either direction and was trading flat. It seemed that the market was taking a breather ahead of RBI's policy next week.

Buying was seen in FMCG and banking stocks. Selling was seen in realty, power and capital goods stocks. The midcap IT stocks performed well in today's trade. The BSE Midcap and Smallcap indices were trading in the red.

The Sensex was down 13.37 points or 0.08% at 17625.89, and the Nifty was down 6.30 points or 0.12% at 5267.30. About 1191 shares advanced, 1714 shares declined, and 338 shares were unchanged.

In the largecap space, FMCG major ITC was the top gainer with more than 2%. PNB, Tata Motors, ABB and ICICI Bank were up 1-1.5%. On the losing side, DLF was the top loser. Jaiprakash Associates, Kotak Mahindra Bank, Sterlite Industries and BPCL were down 1.7-2.2%.

Tech major Infosys was trading at Rs 2,786.00 down 0.56% from its previous close of Rs 2,801.55. Cigarette major ITC was trading at Rs 268.60 up 2.23% from its previous close of Rs 262.75. Refinery major HPCL was trading at Rs 302.85 down 0.85% from its previous close of Rs 305.45.

Hindustan Lever was trading at Rs 226.00 up 0.33% from its previous close of Rs 225.25. Index heavyweight Reliance was trading at Rs 1,088.40 down 0.17% from its previous close of Rs 1,090.25.

Top gainers on the BSE Midcap: Blue Dart, Godrej Consumer, Cox and Kings, GE Shipping and Shree Global Tr were up 4-6%.

Top losers on the BSE Midcap: Bajaj Finserv, Triveni Engg, Max India, Jubilant Food and Bombay Dyeing were down 4-5.5%

Top gainers on the BSE Smallcap: Sujana Towers, Orbit Corporation, Nagarjuna Agrichem, Tilaknagar Industries and Orient Abrasive were up 6-11%.

Top losers on the BSE Smallcap: Paper Products, Jayaswal Neco, Religare Technova, Lloyds Metals and Balaji Distilleries were down 5-7%.

Sensex southbound; oil & gas, infra, tech, metals dip

At 13:18 hours IST - the 30-share BSE Sensex was trading marginally lower amid volatility while the Nifty was trying to hold 5250 level. Weak global cues also weighed on the markets; European markets were down 0.25% each and Asian markets declined 0.5-1.5% on profit booking.

Shares oil & gas, metal, technology, realty, telecom, auto (barring Tata Motors), capital goods and power companies were witnessing selling pressure, which kept the markets in negative terrain. SBI, HDFC, Kotak Mahindra Bank and PNB were other losers in trade.

However, ITC, ICICI Bank, Cairn, Sun Pharma, GAIL, Tata Motors, ABB, Axis Bank, HUL, Siemens and HDFC Bank were the only gainers.

The Sensex was trading at 17565, down 73 points and the Nifty was at 5251, down 22 points.

Today's new listing - Goenka Diamond was trading at Rs 120.65, down 10.63% from its issue price of Rs 135 per share.

The market breadth was in favour of declines; about 1180 shares advanced while 1689 shares declined on the BSE. Nearly 374 shares were unchanged.

In the midcap space, Godrej Consumer, Thomas Cook, Blue Dart, Cox & Kings and Financial Tech went up 4-6.4% while Max India, Jubilant Foodworks, Bajaj Finserv, Praj Industries and Bombay Dyeing fell 3-7%.

In the smallcap space, Sujana Towers, Orbit Corporation, Nagarjuna Agric, KNR Construction and Orient Abrasive gained 6-12% while Religare Tech, Paper Products, Lloyds Metals, Jayaswal Neco and Ferro Alloys lost 5-8%.

Steel Strip Wheels surged 5.5%, as it has received order for 4,000 tractor wheel rims from Turkey.

Nifty hovers around 5250; DLF, BPCL, Suzlon, JP Asso dip

At 11.45 hrs IST, the Nifty was hovering around the 5250 mark with negative bias. The markets were trading weaker in the past few days after stellar rally of 500 points last month. It seemed that profit booking coupled with rate fears dragged the markets in the last couple of days.

Buying was seen marginally in the banking stocks. Selling was seen in oil&gas, capital goods, realty, metal, IT and power stocks. The broader markets too were trading weak. The BSE Midcap index was trading in the red while the BSE Smallcap index was flat.

The Sensex was down 50.65 points or 0.29% at 17588.61, and the Nifty was down 17.20 points or 0.33% at 5256.40. About 1228 shares advanced, 1597 shares declined, and 418 shares were unchanged.

In the largecap space, ICICI Bank was the top gainer on the Nifty with close to 1.5% gain. ITC, Tata Motors, HUL and Siemens were up 0.6-1%. On the losing side, DLF, Kotak Mahindra, BPCL, Suzlon Energy and Jaiprakash Associates were down 1.4-2%.

Hindustan Lever was trading at Rs 225.95 up 0.31% from its previous close of Rs 225.25. Index heavyweight Reliance was trading at Rs 1,080.95 down 0.85% from its previous close of Rs 1,090.25.

Tech major Infosys was trading at Rs 2,792.00 down 0.34% from its previous close of Rs 2,801.55. Cigarette major ITC was trading at Rs 265.65 up 1.1% from its previous close of Rs 262.75. Refinery major HPCL was trading at Rs 303.55 down 0.62% from its previous close of Rs 305.45.

Top gainers on the BSE Midcap: Godrej Consumer, Blue Dart, Puravankara Projects, Financial Technologies and KEC Int were up 4-9%.

Top losers on the BSE Midcap: Praj Industries, Gee Kay Finance, Jet Airways, Rajesh Exports and Punj Lloyd were down 2.5-3.7%.

Top gainers on the BSE Smallcap: Orbit Corporation, Sujana Towers, Fedders Lloyd, Geometric and KNR Constructions were up 5-14%.

Top losers on the BSE Smallcap: Paper Products, Lloyds Metals, Balaji Telefilms, Nucleus Software and Elgi Equipments were down 4-8%.

Sensex volatile; ICICI Bank, ITC up, RIL dips

At 10:30 hours IST - the benchmark Sensex recouped early trade losses and was hovering around its previous closing value. Shares of private banking, FMCG, auto and capital goods companies' shares were helping the markets in recovery. SAIL, Sun Pharma, GAIL, Bharti and Wipro were other gainers in trade.

However, Reliance Industries, SBI, ONGC and HDFC were still down, though they came off their lows. Oil & gas, realty (after sharp run-up on Thursday), cement, select metal and power companies' shares were witnessing selling pressure.

RIL fell 0.8% post an independent evaluator has downgraded size of the prospective gas resources by 50% in its D9 block in the Krishna Godavari basin off the Andhra Pradesh coast, reports CNBC-TV18.

Weak Asian cues also weighed on the markets. Shanghai, Nikkei, Hang Seng, Straits Times, Kospi and Taiwan Weighted fell 0.5-1.5%.

The Sensex was trading at 17606, down 33 points and the Nifty was at 5264, down 9.5 points.

The broader indices were also quiet in trade; about 1316 shares advanced while 1436 shares declined on the BSE. Nearly 490 shares were unchanged.

Today's new listing - Goenka Diamond was trading at Rs 108.55, down 19.59% from its issue price of Rs 135  per share.

In the midcap space, Blue Dart shot up 7.01% (it already rose 20% on earnings on Thursday). Financial Tech, Godrej Consumer, Piramal Health and Bayer Cropscience gained 2.8-6%.

However, Rajesh Exports, Jet Airways, Gee Kay Finance, Bombay Dyeing and Mcleod Russel fell 2-2.6%.

In the smallcap space, Sujana Towers, Orbit Corporation, Foseco India, Tanla Solutions and JB Chemicals went up 5.5-8.6%. However, Paper Products, Maharashtra Polybutenes, Advani Hotels, Balaji Telefilm and OM Metals Infra lost 3-6%.

Nifty consolidates after Thursday's sell-off

The benchmark Nifty continued on its downward trend selling off in today's trade as well. However, there was a bit of volatility in trade after sharp fall on Thursday. Banks dipped further on rate hike fears; experts feel that RBI may hike policy rates by 50 bps in Credit Policy on April 20.

At 9:02 hours IST, the Sensex was trading at 17588, down 50 points and the Nifty was at 5255, down 17 points.

The CNX Midcap rose just 2 points to 7924. About 302 shares advanced while 350 shares declined on the NSE.  

Among the frontliners, HDFC, HDFC Bank, Axis Bank, IDFC, Kotak Mahindra Bank, BHEL, Siemens, Tata Steel, Cairn India, Reliance Communications, PNB and ACC were witnessing selling pressure.

Reliance Industries was down 0.5% while it was down 2.7% on Thursday. An independent evaluator has downgraded size of the prospective gas resources by 50% in Reliance Industries (RIL) D9 block in the Krishna Godavari basin off the Andhra Pradesh coast, reports CNBC-TV18.

However, TCS, L&T, Wipro, Tata Motors and Unitech gained.

Today's new listing - Goenka Diamond was rading at Rs 101, down 25% from its issue price of Rs 135 per share.

Midcap & Smallcap space:

Hexaware Tech gained 2% and Firstsource was up 0.8%.

CMC rose 1% post earnings. IndusInd Bank went up 0.7% ahead of earnings.

Zee News lost another 0.5% to Rs 18.25. It was down over 70% as it went ex-GEC yesterday.

Pochiraju Industries was up 3% while Prime Securities down 1%.

Global cues:

Asian markets were trading lower. Hang Seng and Nikkei fell over 1.3%. Straits Times, Shanghai, Kospi and Taiwan were down 0.5-0.9%.

The US markets gained for sixth consecutive day amid choppy session.

The Dow Jones Industrial Average ended up 21 points at 11145. The Nasdaq Composite was up 11 points at 2516 and S&P 500 up 1 point at 1212.

Commodities

CRB Commodity Index was down 0.1%.

Crude Oil was down 0.4% at USD 85.5/bbl.

Gold fell 0.2% at USD 1158/ounce.

Silver slipped 0.7% at USD 18.3/ounce.

Natural gas was down 4.9% below USD 4 per MMBtu.

Market cues:

FIIs were net buyers of USD 136.2 million in equities on April 13

MFs were net sellers of Rs 257.9 crore in equities on April 13

NSE F&O Open Int was up by Rs 1732 crore at Rs 1.23 lakh crore

As per provisonal data of April 15, FIIs were net buyers of Rs 99.7 crore, while DIIs were net sellers of Rs 77 crore in cash markets. FIIs were net buyers of Rs 391 crore in F&O.

F&O cues:

-Futures Open Int down Rs 113 crore
-Options Open Int up Rs 1,846 crore
-Nifty Apr fut shed 4 lakh shares in Open Int, at 4-pt prem
-Nifty May fut add 6 lakh shares in Open Int, at 7-pt prem
-Nifty Open Int PCR at 1.23 versus 1.28
-Nifty Puts add 1 lakh shares in Open Int
-Nifty Calls add 22 lakh shares in Open Int
-Nifty 5300 Put sheds 5.8 lakh shares in Open Int
-Nifty 5300 Call adds 13 lakh shares in Open Int
-Stock futures Open Int unchanged