Nifty rises 11% in Jan series; broader mkts outperform

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs

At 15 hours IST : Nifty holds 5150 amid volatility; tech, metals stocks gain

Consistent buying in metals, technology, auto, PSU stocks, and index heavyweight Reliance Industries helped the market to stay on the higher side. However, ICICI Bank, ONGC and L&T remained under pressure, falling 0.5-1%. The Sensex climbed 70 points to 17,065.69 and the Nifty gained 26 points at 5,153.20.

Shares of country's largest commercial vehicle maker Tata Motors shot up over 4%; Maruti gained 2% and Bajaj Auto was up 0.8% while Hero Motocorp fell 0.7%.

Metal stocks continued to shine - Coal India, Tata Steel and Sterlite Industries moved up 2.7% each.

Major largecaps like Infosys, Reliance, TCS, HDFC and SBI gained 1-1.6%.

The market breadth was positive; about 1777 shares advanced while 1001 shares declined on the BSE.

In the second line shares, ILandFS Transport, Shipping Corp, Aurobindo Pharma, Sintex Industries and Bajaj Hindusthan rallied 7-10%.

Smallcap stocks like Zensar Tech, Parekh Aluminex, Indo Rama Synthetics, Geodesic and APL Apollo surged 9-16%.

At 13:57 hours IST : Sensex stays higher; Tata Motors tops buy list

The market continued to trade higher, led by support from index heavyweights Reliance, Infosys and SBI. European markets too were positive in the early trade, rising half a percent. The Nifty gained 21.60 points at 5,148.95 and the Sensex rose 65 points to 17,061.18.
 
Shares of Tata Motors topped the buying list, rising 3%. Tata Steel, Coal India, Sterlite Industries and Maruti Suzuki gained 2% each.

Technology and telecom stocks like TCS, Infosys and Bharti Airtel were up 1.5% each. Among other largecaps, Reliance, HDFC, SBI and NTPC climbed 0.7-1.3%.

However, index heavyweights ICICI Bank and L&T dropped 0.9% & 0.6%, respectively. Shares of Tata Power, Hero Motocorp and Jindal Steel fell 1% each.

Advancing shares outnumbered declining by 1696 to 975 on the BSE. The broader markets moved up 1%.

Richard Ross, global technical analyst at Auerbach Grayson says that he is bullish on global markets for the first time since last May. "Regardless of what happens, this market, whether it's earnings, IMF warning that global growth will be slowing, whether it is on the political front or these European sovereigns fears which continue to be out there, the market is digesting them," he says.

At 12:43 hours IST : Nifty extends gains amid choppy trade; metals shine

The market extended gains amid choppy trade in the afternoon, helped by technology, auto (barring Hero Motocorp), metals, and index heavyweights Reliance and Bharti. Even ICICI Bank, HDFC Bank and L&T trimmed thier losses to half. The Sensex was up 101 points at 17,096.80 and the Nifty rose 30 points to 5,157.10.

Among the frontliners, Tata Motors, Coal India, Maruti Suzuki, Tata Steel, Sterlite Industries, Jaiprakash Associates, BPCL and Tata Motors rallied 2-2.7%.

Shares of Infosys, Reliance, HDFC, SBI, TCS and Bharti Airtel gained 1-1.7%.

However, L&T, ICICI Bank and HDFC Bank were down 0.5%.

SBI, United Spirits, Exide Industries, L&T, Strides Arcolab, ICICI Bank, Axis Bank and Tata Motors were most active shares on exchanges.

In the second line shares, Aurobindo Pharma, Shipping Corp, ILandFS Transport, Sintex Industries and Bajaj Hindusthan jumped 5-8% while Greaves Cotton, Biocon, Essar Ports, Jubilant Life and Vaarad Ventures dropped 2-4%.

The market breadth remains in favour of advances; about two shares gained for every share falling on the BSE.

At 11:51 hours IST : Volatile Sensex trades higher; broader markets outperform

The market was trading higher with moderate gains amid volatility, supported by Infosys, Reliance Industries, SBI and Bharti Airtel. However, the fall in private banks, L&T and ONGC limited the upside. The Sensex was up 62 points at 17,058.07 and the Nifty gained 16 points at 5,143.45.

The current series will expire today on account of holiday tomorrow. Hemant Thukral of Aditya Birla Money says, if the Nifty approaches 5180 today which I feel it will happen in the afternoon, then one should start buying 5000 puts and wait for next 3-4 sessions.

Metals and mining stocks like Tata Steel, Coal India and Sterlite Industries were up around 2%.

Heavyweights like TCS, SBI and Bharti Airtel climbed 1.5%. Reliance Industries was up 0.8% and Infosys gained 1.1%.

In the auto space, Tata Motors rallied 2.4% and Maruti rose 1.8% while Hero Motocorp fell 0.85%.

On the flip side, shares of ICICI Bank, L&T and Tata Power dropped over 1%. HDFC Bank and ONGC were moderately lower.

The broader markets outperformed benchmarks - the BSE Midcap and Smallcap indices were up over 1%.

In the second line shares, Aurobindo Pharma, Shipping Corp, Sintex Industries, ILandFS Transport and Strides Arcolab gained 5-7%.

Smallcap stocks like Zensar Tech, Vascon Engg, Parekh Aluminex, Indo Rama and ESS DEE shot up 9-15%.

At 10:22 hours IST : Nifty volatile ahead of expiry; L&T, ICICI Bank decline

The market was consolidating around previous day's closing value ahead of expiry today. Major largecaps like TCS, Infosys and SBI were supporting the market while ICICI Bank and L&T were under pressure. The Sensex was up 28 points at 17,023.97 and the Nifty gained 4.4 points at 5,131.75.

UR Bhat, MD of Dalton Capital Advisors feels the Nifty will probably kiss 5200 possibly. "That is likely the reaction to the CRR cut yesterday which was unexpected. Plus we had couple of billion dollars come into equity markets through FIIs month-to-date and year-to-date," he reasoned.

According to him, the Nifty is likely to be in the board range of 4500-5200 going ahead.

Shares of Tata Motors, Sterlite Industries and Tata Steel were biggest gainers, rising 2-2.4% each.

Major largecaps like Infosys, TCS, HDFC, ITC, Bharti Airtel, SBI, BHEL, Hindalco and Coal India moved up 0.4-1.4%.

Even index heavyweight Reliance Industries was still in green. However, ICICI Bank and L&T fell 1-1.4% led by profit booking.

Shares of country's largest two-wheeler maker Hero Motocorp continued its fall, losing 1.4% today. JSPL, HUL, Tata Power and Cipla were down 0.4-1%.

The market breadth was positive; about 1412 shares advanced while 665 shares declined on the BSE. The BSE Midcap Index was up 0.7% and Smallcap up 0.9%.

At 9:19 hours IST : Sensex above 17000 on positive Asian cues

Sensex opened the last expiry session hitting above the 17,000-mark amid volatility on positive Asian cues. Capital goods, banks, metals and oil & gas stocks were lending support. The BSE benchmark was up 85 points at 17,080.24 and the Nifty rose 24 points to 5,151.15.

Asian markets like Nikkei, Straits Times and Kospi gained nearly 1% while rest of the markets are shut today.

Cairn rallied 3% post better than expected numbers yesterday. The Cairn and Vedanta deal has even received cabinet's final approval on Tuesday.

Frontliners like Sterlite Industries, Tata Steel, SAIL, DLF, JP Associates, BHEL, SBI, HDFC Bank, IDFC, Tata Motors, TCS, Wipro, HDFC, Reliance Infra, Reliance Power and L&T were up 0.5-1%.

However, Hero Motocorp, Maruti, HUL and ITC were moderately lower in early trade.

The CNX Midcap Index rose 44 points to 6,998. About three shares advanced for every share falling on the National Stock Exchange.

Earnings Impact: 3i Infotech tanked 6% post disappointing earnings. Biocon fell 2.5% while Indiabulls Real gained 2%.

Dena Bank and Vijaya Bank moved up more than a percent ahead of earnings today.

GMR Infra, Shasun Pharma and Dishman Pharma shot up 4.5% each.

Century Textiles, Kalindee Rail, Apollo Tyres, Tata Coffee and Essar Oil were up 1.5-3%.

The US equity markets end flat due to mixed set of earnings in Q4 and unsolved Greece deal.