Nifty hits 5000; all sectoral indices in green

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Nifty trades above 4950; metal, IT, auto, pharma up

At 12.36 hrs IST, the Nifty was trading above 4950 level. The pullback rally continued after a day of consolidation. Heavy buying was seen in metal, IT, auto, pharma and capital goods stocks. However, SBI and Tata Power were marginally trading in red.

All BSE sectoral indices were trading in green. The BSE Midcap and Smallcap indices were up 1.44% and 1.04% respectively.

The Sensex was up 244.87 points or 1.49% at 16685.43, and the Nifty was up 74.40 points or 1.52% at 4956.10. About 1863 shares advanced while 1111 shares declined on the BSE. Nearly 792 shares were unchanged.

Shree Renuka Sugars acquired Brazilian company VDI. The company will pay $ 82 million for 100% stake in VDI. The enterprise value of VDI was $240 million. The stock was up over 2%.

Sources told CNBC TV18 that Essar Shipping has put 1 VLCC on long-term charter rate at around $30,000/day. The stock was up 5%.

Sources also told CNBC TV18 that MTNL may pull out of race for Zambia Telecom company Zamtel. MTNL was up 6%.

Top percentage gainers in the midcaps were Jubilant Org up 16.64%; REI Six Ten up 8.21%; Shipping Corp up 8.20%; MTNL Rs 77.50 6.38%; United Brewerie up 6.29%

Top percentage losers in the midcaps were Jai Corp down 7.16%; Bajaj Finserv down 3.64%; LIC Housing Fin down 2.54%; Blue Dart down 2.48%; GVK Power down 1.68%.

Top percentage gainers in the smallcap: MSP Steel, UB Holdings, Agro Tech Foods, Indraprastha Gas, Shrenuj and Co were up 9-17%.

Top percentage losers in the smallcap: Zodiac Clothing, Kanani Industr, Advanta, Geekay Fin & Dhanuka Agritec down 3-5%.

Sensex up over 150 pts; IT, metals, cap goods, pharma gain

At 11:32 hours IST, the Sensex extended gain and rallied over 150 points on the back of buying interest in technology, power, metal, private banking, capital goods, pharma and FMCG companies' shares. ONGC, Reliance Industries and Bharti Airtel were the other gainers. There were still some bouts of volatility.

However, selling in SBI, HDFC, Maruti Suzuki, BPCL, Reliance Communications, Idea Cellular, Unitech, DLF and Suzlon Energy capped the gains to some extent.

The Sensex rose 155 points to 16,595 and the Nifty went up 45 points at 4,927. The broader indices gained 0.8-1.3%, as about 873 shares advanced while 373 shares declined on the NSE.

In the largecaps, Tata Motors, Sterlite Industries, Wipro, Jaiprakash Associates, Sun Pharma and Infosys were up 2.6-4%.

Top percentage gainers - McDowell Holdings locked at 20% upper circuit. Jubilant, MSP Steel, FIEM Industries and UB Holdings moved up 14-16%.

Top percentage losers - Surana Corp, Shreyans Industries, Deccan Cements, Jai Corp, Sree Rayalaseem, Rungta Irrig. Networth Stock, EMA India, Sika Interplant and Acrow India lost 5.5-13%.

Educomp Solutions gained over 4%, after seeing sell-off in last few days. CLSA downgraded the stock to underperform and reduced target price to Rs 580 from Rs 955.

Phoenix said tied up for Rs 242 crore debt to fund Mariott deal and have financial closure for both projects. Alert - Mariott International inked Rs 340 crore deal with Phoenix Hospitals and deal was signed for 2 hotels in Mumbai, Agra. Phoenix Mills gained nearly 3%.

SpiceJet, Jet Airways and Kingfisher Airlines went up 3-5%, as according to sources foreign airlines are keen on stakes in Indian carriers. Virgin, Emirates and SA are seeking nod for 26% stake. There was news in the last week that government would mull change in FDI norms on November 17. Foreign Airlines see no security issues.

Reliance Industries (RIL) was flat in trade. According to sources, RIL is actively scouting for more than one overseas acquisition and is readying war chest of over USD 25 billion for overseas buys. LyondellBasell is just one among other buy possibilities.

Nifty choppy with positive bias; Infy, Sterlite, Wipro lead

At 10:33 hours IST, the Nifty strengthened a bit, after trading flat in the first half an hour of trade but the volatility was not yet out. Technology and metals were leading the markets followed by pharma, cement and select auto stocks along with heavyweights Reliance Industries, Bharti and ONGC.

However, selling in SBI, L&T, ICICI Bank, HDFC, Maruti, Reliance Communications, Unitech, Idea and Suzlon capped the gains to some extent.

The Sensex was up 36 points at 16,476 and the Nifty rose 11 points to 4,892. The Nifty November future was trading in five points discount. The broader indices were trading in line with benchmark indices.

The market breadth was positive; about 1,640 shares advanced while 1,282 shares declined on the BSE. Nearly 844 shares were unchanged.

In the technology space, Infosys, Wipro, HCL Tech and TCS were up 1.5-2%. Bharti Airtel was up 1% while Reliance Communications and Idea Cellular fell 1% each in the telecom pack.

Sterlite Industries was up 3% in the metal space. Tata Steel, Jindal Steel and Hindalco gained 0.7-1.3% while SAIL was flat.

Cement stocks like ACC and Ambuja Cements moved up nearly 1% while Grasim declined 0.7%. Ranbaxy Labs, Cipla and Sun Pharma were up around 1.5% in the healthcare segment.

In the midcap space, Jubilant, HMT, OnMobile Global, National Fertiliser and United Breweries gained 5-7% while Jai Corp, Asian Star, Bajaj Finserv, Gammon India and Wyeth declined 2.5-5.5%.

In the smallcap space, Shrenuj & Company was up 11.4%. Mercator Lines, Stride Arcolab, Disa India and ITI went up over 5%. However, Zodiac Clothing lost 9.5%. Modern India, Carol Info, Piramal Life and Orbit Corporation fell 3.5-6%.

Sensex flat; SBI, ICICI Bank, DLF, HDFC, RComm dip

The Sensex was flat in the opening trade and continued its consolidation in today's trade as well. Realty and telecom stocks slipped in red today as well while select metal and cement stocks were the gainers.

At 9:56 am, the Nifty was down 6 points at 4,875 and the Sensex fell just 22 points at 16,417. However, the CNX Midcap was up just 6 points at 7,003. About 373 shares advanced while 320 shares declined on the NSE. 

Among the frontliners, Sterlite Industries, M&M, Tata Motors (moved to Rs 600), Reliance Industries, Reliance Infrastructure, Cipla, ACC and Ambuja Cements were gainers.However, Idea Cellular, Bharti Airtel, Reliance Communications, Suzlon Energy, Maruti, DLF, Unitech, SBI and Cairn declined.

Midcap space:

Eastern Silk shot up 9%. Golden Tobacco was up 5% as it reacted positively to GST news.

Taj GVK, HMT and ITI were up 1% each. NMDC was up another 7.5%, after 20% upper circuit for last two days.

Educomp gained 3.5%. Sesa Goa and Mercator Lines were up 2-3%.

However, Pyramid Saimira lost 10% as the SEBI barred company from securities market for 7 years in IPO irregularity case.

Jai Corp fell 5% after rally in last few days.

Global Cues:

Asian markets were mixed in trade. Taiwan Weighted gained 1% and Hang Seng was up 0.75%. Straits Times and Jakarta were up 0.2% each. However, Shanghai fell 0.64% and Kospi was down 0.2%.

The US markets ended flat after trading in a narrow range. The S&P 500 index end in the red after six straight days of gains; it continued to face resistance at 1,100, which was 2009 high.

The Dow Jones Industrial Average was up 20 points at 10,247. The S&P 500 index ended flat at 1,093 and the Nasdaq was down 3 points at 2,151.

Commodities:

Reuters CRB Index was down 0.7%, which gained 1.7% on Monday.

Crude was down 0.5% to $78.9/bbl.

Gold ended flat at $1103/ounce.

Sugar prices declined for third day in India and abroad.

Baltic Dry Index was up 3.8%.

Market cues:

-FIIs net buy USD 139.4 million on November 9
-MFs net buy Rs 182 crore on November 9
-Total F&O Open Int up by Rs 483 crore at Rs 95,310 crore
-FIIs net buy Rs 259 crore in cash on November 10 (prov)
-DIIs net buy Rs 183 crore in cash on November 10 ( prov)
-FIIs net buy Rs 657 crore in F&O on November 10

F&O cues:

-Total Futures Open Int down by Rs 1281 crore, Total Options Open Int up by Rs1765 crore
-Nifty down 0.3%, Futures Open Int down 5%
-Nifty Nov futures trading at 7 pt discount against 5 pt premium
-Nifty Open Int PCR down from 1.42 to 1.34
-Nifty Calls add 28.4 lakh shares in Open Int, Nifty Puts shed 28 thousand shares in Open Int
-Nifty 4900 Call adds 12.1 lakh shares in Open Int
-Nifty 5000 Call adds 7.5 lakh shares in Open Int
-Nifty 5100 Call adds 3 lakh shares in Open Int
-Nifty 4800 Put adds 7 lakh shares in Open Int
-Stock Futures shed 1.48 cr shares in Open Int