Nifty ends with modest gains; RIL, Hero Honda, HDFC lead

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 lackluster; IT, metal, banks, capital goods dip

At 14.36 hrs IST, Nifty broke 5100 on the downside but managed to claw back above 5100. It was yet another choppy session for the markets. The action was mainly seen in midcaps and smallcaps. In largecaps, buying was seen in oil&gas, FMCG and auto stocks.

Selling was seen in IT, metals and banks. BSE Midcap and Smallcap index were trading in red. The breadth of the market worsen which made the market jittery going forward.

The Sensex was up 39.52 points or 0.23% at 17092.06, and the Nifty up 16.20 points or 0.32% at 5117.70. About 1165 shares advanced, 1733 shares declined, and 288 shares were unchanged.

In the largecap space, Hero Honda, IDFC, Reliance, ACC and HDFC were up 1.7-3%. On the losing side, Jindal Steel, Cairn India, Maruti Suzuki, ICICI Bank and Bharti Airtel were down 1-2.5%.

Tech major Infosys was trading at Rs 2,659.00 down 0.93% from its previous close of Rs 2,683.90. Index heavyweight Reliance was trading at Rs 1,011.30 up 2.13% from its previous close of Rs 990.20. Refinery major HPCL was trading at Rs 339.00 down 1.04% from its previous close of Rs 342.55.

Cigarette major ITC was trading at Rs 254.00 up 1.18% from its previous close of Rs 251.05. Index heavyweight Hindustan Lever was trading at Rs 238.95 up 1.44% from its previous close of Rs 235.55.

Top gainers on the BSE Midcap: M&M Financial, BF Utilities, Asian Star, Cox and Kings and Blue Star were up 4-7%.

Top losers on the BSE Midcap: Balrampur Chini, Bajaj Hindusthan, Triveni Engineering, Shree Renuka and REI Six Ten were down 3-7%.

Top gainers on the BSE Smallcap: Force Motors, Nitin Fire Protection, Zylog Systems, Man Industries and Orbit Corporatin were up 7-20%.

Top losers on the BSE Smallcap: Dhampur Sugar, Aditya Birla, Gemini Communications and Ajmera Realty were down 5-6.5%.

Sensex volatile; ONGC, NTPC, ICICI Bk, Infy, Bharti down

At 13:55 hours IST - the Sensex erased morning gains and was hovering around its previous closing value, on the back of selling in heavyweights like ONGC, ICICI Bank, SBI, Bharti Airtel, Infosys and NTPC. Among sectors, metal, power, realty and select technology were the losers.

However, Reliance Industries, which gained nearly 2%, helped the Nifty to stay above the 5,100-level. Among others, buying was seen in FMCG and cement stocks along with TCS, HDFC, Hero Honda, Axis Bank, Tata Power, HDFC Bank, Tata Motors and Jaiprakash Associates.

The Sensex was trading at 17075, up 22.5 points and the Nifty was at 5105, up 4 points. 

The broader indices also turned into red, as about 1166 shares advanced while 1739 shares declined on the BSE. Nearly 280 shares were unchanged.

Today's new listing - Texmo Pipes was trading at Rs 133.20, up 48% over its offer price of Rs 90.

Top gainers on the BSE Midcap - Asian Star, BF Utilities, M&M Financial, Cox & Kings and Rajesh Exports were up 3.5-7.4%.

Top losers on the BSE Midcap - Balrampur Chini, Bajaj Hindusthan, Triveni Engg, Shree Renuka and National Fertiliser lost 3.5-5.7%.

Top gainers on the BSE Smallcap - Force Motors shot up 19.99%. Nitin Fire Protection, Zylog Systems and Man Industries rallied over 11.5%. Orbit Corporation was up 6.11%.

Top losers on the BSE Smallcap - Dhampur Sugar, Ajmera Realty, Dharani Sugars and KPIT Cummins fell 5-7%.

Nifty holds 5100; RIL, IDFC, Tata Power, ACC shine

At 12.40 hrs IST, Nifty was trading choppy with positive bias. The markets have failed to get past 5150 mark on the upside post budget. Nifty is trading in narrow band of 50 points for last 5 trading sessions.

Buying was seen in oil&gas, FMCG, auto, power, pharma and realty stocks. Selling was seen in metal, banks and capital goods stocks. BSE Midcap and Smallcap index were marginally trading in green.

The Sensex was up 75.40 points or 0.44% at 17127.94, and the Nifty up 11.35 points or 0.22% at 5112.85. About 1418 shares advanced, 1459 shares declined, and 308 shares were unchanged.

In the largecap space, Reliance Industries was the top gainer. IDFC, Tata Power, Jaiprakash Associates and ACC were up 1.5-2%. On the losing side, Jindal Steel, Larsen, Unitech, Bharti Airtel and HCL Tech were down 1-2.4%.

Index heavyweight Reliance was trading at Rs 1,010.80 up 2.08% from its previous close of Rs 990.20. Hindustan Lever was trading at Rs 239.15 up 1.53% from its previous close of Rs 235.55.

Tech major Infosys was trading at Rs 2,681.50 down 0.09% from its previous close of Rs 2,683.90. Cigarette major ITC was trading at Rs 253.50 up 0.98% from its previous close of Rs 251.05. Refinery major HPCL was trading at Rs 342.55 down 0% from its previous close of Rs 342.55.

Top gainers on the BSE Midcap: Asian Star, BF Utilities, M&M Financial, Puravankara Projects and KGN Industries were up 4-10%.

Top losers on the BSE Midcap: Balrampur Chini, Bajaj Hindusthan, Triveni Engineering, Shree Renuka and Dena Bank were down 2-5%.

Top gainers on the BSE Smallcap: Force Motors, Nitin Fire Protection, Man Industries, Bhansali Engineering and Zylog Systems were up 9-20%.

Top losers on the BSE Smallcap: Dhampur Sugar, KPIT Cummins, Gemini Communications and Orient Paper were down 4-7%.

Nifty northbound; JSPL, NTPC, Bharti, SBI underperform

At 11:20 hours IST, the benchmark Nifty continued to trade higher with around 30 points gains while the Sensex maintained its 100 points upmove. Heavyweight Reliance Industries was the top gainer as well as leader on the exchanges; surged 2.6% to Rs 1,016.

Among the sectors, FMCG, cement, auto, metal, select power, capital goods, pharma and telecom were the gainers. However, selling in few stocks like Jindal Steel (down 2%), NTPC, SBI, Bharti, ICICI Bank, L&T, Sun Pharma and HCL Tech limited the gains to major extent.

The Sensex was trading at 17158, up 105 points and the Nifty was at 5128, up 27 points. The BSE Midcap Index was up 0.64% and the Smallcap was up 0.7%.

Today's new listing - Texmo Pipes was trading at Rs 131.65, up 46.28% over its issue price of Rs 90. Its NSE, BSE volumes exceeded total outstanding shares.

Top gainers - Tata Motors was trading Rs 788.70, up 2.31%; Tata Power was at Rs 1,356, up 1.76%; Jaiprakash Associates was at Rs 145.60, up 1.71%; ACC was at Rs 1,003, up 1.51%; Reliance was at Rs 1,017, up 2.69% and IDFC was at Rs 162.30, up 1.82%.

In the midcap space, Asian Star, M&M Financial, BF Utilities, Cox & Kings and Indiabulls Financial were up 4-10% while Balrampur Chini, Bajaj Hindusthan, Whirlpool, Bharat Forge and Triveni Engg lost 1.8-2.5%.

In the smallcap space, Force Motors was locked at 20% upper circuit. Nitin Fire Protection, Man Industries, Bhansali Eng and Zylog Systems went up 9.5-14%. However, Gemini Comm,  Dhampur Sugar, Ajmera Realty, KPIT Cummins and Maharashtra Polybutenes fell 3-5%.

Sensex up 100 pts; Reliance, Tata Motor, Hero Honda gain

At 9:51 hours IST - the 30-share BSE Sensex was trading higher with around 100 points gains, on the back of support from heavyweights. Reliance Industries rose 1.5% and HDFC gained 1%. FMCG, capital goods, auto, metal and cement stocks were seeing buying interest.

However, Jindal Steel & Power was the only major loser, lost 2%. NTPC, HDFC Bank, Infosys, SBI, Bharti, DLF, Sun Pharma, Idea and Siemens declined 0.2-0.5%, which limited the gains to major extent.

The Sensex was trading at 17164, up 111 points and the Nifty was at 5132, up 31 points. The Nifty March future was trading flat.

Today's new listing - Texmo Pipes was trading at Rs 126.40, up 40.44% over its issue price of Rs 90.

The broader indices were also up 0.7% each. The market breadth was in favour of advances; about 1671 shares advanced while 1157 shares declined on the BSE. Nearly 357 shares were unchanged.

In the midcap space, Cox & Kings, Thomas Cook, IndusInd Bank, M&M Financial and Apollo Hospital gained 3-5.4% while Asian Star, Bayer Cropscience, Whirlpool, Bajaj Hindusthan and Triveni Engg lost 2-4.5%.

In the smallcap space, Nitin Fire Protection surged 13.7%. Zylog Systems, Force Motors, Man Industries and OCL Iron were up 5.6-8%. However, Subhkam Capital, Gemini Comm, Maharashtra Polybutenes, Aditya Birla and Thinksoft declined 4-5%.

Texmo Pipes, TCS, Tata Motors, Reliance Industries, Jubilant Foodworks, ICICI Bank, NMDC and Jindal Steel were the most active shares on the bourses.

Nifty volatile in early trade; ITC, Tata Motors, HDFC up

The benchmark Nifty started the day on a flat note following mixed cues from Asian markets. FMCG, metal, select banking, pharma and auto stocks were gainers in early trade while realty and select technology stocks were under pressure.

At 9:03 hours IST, the Sensex was trading at 17081, up 28 points and the Nifty was at 5106, up 5.7 points.

Among the frontliners, DLF, Jindal Steel & Power, Unitech, Bharti Airtel, Siemens, Infosys, L&T and Suzlon were losers.

However, HDFC, ITC, Tata Motors (Daimler Chrysler AG sold 5.34% stake in Tata Motors to Tata Sons and Citigroup), Hero Honda, Reliance Capital, Reliance Industries and HUL were seeing buying interest.

Today's new listing - Texmo Pipes and Products was trading at Rs 123, a premium of 37% over its issue price of Rs 90 per share.

Midcap & Smallcap Space:

NMDC follow-on public offer opened today. The share 2% to Rs 369.

Bank of Rajasthan slipped 1.5%.

Bajaj Hindusthan and Shree Renuka were down over 2%.

Mahindra Forgings was up 4%.

HDIL gained 1%, as sources told CNBC-TV18 that the company will go for second QIP in March.

Global cues:

Asian markets were mixed in trade.

The US markets ended off day's high on one-year anniversary of the March 2009 lows. The dollar paired its gain during the day.

The Dow Jones Industrial Average ended up 12 points at 10,564, which came off 48 points from day's high of 10612.

The Nasdaq Composite rose 8.5 points at 2341, which came off 12 points from day's high of 2353. The S&P 500 Index was up 2 points at 1141, which came off 4 points from day's high of 1145.

The US financials were in focus post talks that government wants to exit 27% stake in Citi.

Commodities

CRB Commodity Index was down 0.6%.

Crude oil was down 0.5% at USD 81.49/bbl.

April gold future closed down 0.1% at USD 1121.8/ounce after trading nearly 1.5% lower in the morning.

May silver future was up 0.4% at USD 17.34/ounce after being down in excess of 2% in the morning.

Baltic Dry Index was down 1.5%, fell for the first time in almost two weeks.

Market cues:

FIIs were net buyers to the tune of USD 497 million in equities on March 8.

NSE F&O Open Interest was up by Rs 2265 crore at Rs 1,11,341 crore.

As per provisional data of March 9, FIIs were net buyers of Rs 2,173 crore in cash markets; FII numbers includes nearly Rs 1,600 crore from Tata Motors block deal, while DIIs were net sellers of Rs 172 crore in cash markets. FIIs were net sellers of Rs 282 crore in F&O.

F&O cues:

Futures Open Int up Rs 173 crore, Options Open Int up Rs 2092 crore
 
Nifty futures add 1 lakh shares in Open Int, at 4-point discount

Nifty Open Int PCR unchanged at 1.35

Nifty Puts add 20 lakh shares, Calls add 13 lakh shares in Open Int

Nifty 5000 Put adds 9 lakh shares in Open Int

Nifty 5300 Call adds 2.5 lakh shares in Open Int

Stock futures add 1.5 cr shares in Open Int