Sensex ends below 15500; banks, realty, CG, IT stks drag

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?

Markets @ 11:36 am : Mkts see-saw; power, metal, realty, pharma stks up

The markets are witnessing volatility and looking like consolidating at current levels for the next upmove. It has not moved sharply on either of the side. Power, metal, realty and pharma stocks are on buyers' radar while selling pressure seen in technology and banking stocks. Midcap and small cap stocks are buzzing.

At 11:36 am, the Sensex was up 1 point at 15,697 and the Nifty up 9.45 points at 4,662. Market breadth is positive; 944 shares are advancing while 233 shares declining on the NSE.

Midcap Index was up 1.5% and Small Cap 1.6%. BSE Power Index shot up 1.5%, Metal 1.3%, Realty 1.2% and Healthcare 0.9% while Bankex fell 1% and IT 0.8%.

Top gainers were Ambuja Cements, Zee Entertainment, Ranbaxy Labs and ACC while HDFC Bank, ONGC, ICICI Bank, HCL Tech and Sun Pharma losers.

Media stocks are trading strong like Adlabs Films, Ashtavinayak, BAG Films, Balaji Telefilms, Cinemax India, Dish TV India, Ent Network, ETC Networks, Fame India, IBN18 Broadcast, K Sera Sera, Midday Multi, NDTV, Pritish Nandy, PVR, Saregama India, Sun TV Network, TV 18, TV TodayNetwork, Wire & Wireless, Zee Entertain and Zee News.

Cement stocks are also witnessing buying interest. ACC, Ambuja Cements, Andhra Cements, Binani Cement, Birla Corp, Dalmia Cement, India Cements, JK LakshmiCemen, Madras Cements, Prism Cement, Shree Cements and UltraTechCement have gained.

Sugar stocks are trading sweetly. Buying seen in Bajaj Hind, Balrampur Chini, Dhampur Sugar, Dwarikesh Sugar, EID Parry, Oudh Sugar Mill, Rajshree Sugars, Sakthi Sugars, Shree Renuka and Upper Ganges.

Markets @ 10:33 am : Mkts choppy; Ambuja Cem, Zee Enter, Suzlon top stars

The markets are trading flat with some choppiness as buying seen in power, realty, metal and some capital goods stocks while selling in banking and technology. Midcap and small cap stocks continued their rally and trading strong.

At 10:33 am, the Sensex was down 45 points at 15,651 and the Nifty down 7 points at 4,645. The Nifty June Futures was trading at 21 points discount.

Amongst frontliners, Suzlon Energy was up 4%, Zee Entertainment 6.5%, Ambuja Cements 4.4%, ACC 2.7% and DLF 1.7% while Sun Pharma fell 2.9%, HDFC Bank 2.5%, ONGC 1.8%, Wipro 1.7% and Hero Honda 1.5%.

Power Index was up 1.1% due to buying in Torrent Power, GVK Power, Suzlon Energy, CESC, NTPC, Reliance Power, Reliance Infra and Power Grid Corp.

Realty stocks like Ansal Properties, DLF, Phoenix Mills, HDIL, Mahindra Life and Parsvnath are witnessing buying interest. Index was up 0.8%.

Metal Index rose 0.7% as buying has seen in Sesa Goa, Jindal Steel, Hindalco, JindalStainless, Sterlite Ind, Tata Steel and SAIL.

Midcap and Small Cap indices shot up over 1% each. Amongst midcap stocks, NDTV, Walchandnagar, Plethico Pharma, Prism Cement, Torrent Power, IBN18 Broadcast, Arshiya Intl, India Cements, BF Utilities and Rel Ind Infra were up over 7%. In the small cap space, Cambridge Sol, Saregama India, City Union Bank, Apar Ind, Midday Multi, Vaibhav Gems and TV TodayNetwork have gained 5-20%.

However, Bankex lost 1.2% due to selling in HDFC Bank, Axis Bank, ICICI Bank, SBI, Kotak Mahindra and Union Bank.

Technology stocks are soft, Index fell 1%. Wipro, Satyam, HCL Tech, TCS and Infosys have lost ground.

Anus Labs, Suzlon Energy, Reliance Petro, Reliance Ind and Reliance Capital were most active counters on the bourses.

Markets @ 9:56 am : Markets flat in opening trade; Ambuja Cements star

The markets have opened modestly higher on the back of positive cues from Asian markets but due to fighting in bulls-bears have pushed the markets towards volatility. Buying has seen in pharma, power, realty and metal stocks while selling in technology. Midcap and small cap stocks are trading in positive terrain.

At 9:56 am, the Sensex was up 92 points at 15,789 and the Nifty up 24 points at 4677. BSE Midcap and small cap indices were up over 0.7% each.

Amongst frontliners, DLF, HDFC, HDFC Bank, Reliance Petro, L&T, Ranbaxy Labs, SAIL, Idea Cellular, Ambuja Cements, ITC, BHEL, BPCL, Cipla, ONGC, JP Associates and NTPC have gained while TCS, Wipro, Infosys, HUL, ICICI Bank, M&M, Wipro and SBI lost ground.

Asian markets were trading marginally higher. Nikkei was up 0.5%, Hang Seng 1.2%, Taiwan Weighted 0.5%, Kospi 0.7% and Straits Times 0.27%.

US markets closed lower on account of a warning from Goldman Sachs that banks may need to raise another $ 65 billion to tide over the credit crisis. The Dow plunged 108.78 pints, or 0.89%, to 12,160.30. The Standard & Poor's 500 index declined 9.21 points, or 0.68%, to 1,350.93, while the Nasdaq composite index lost 17.05 points, or 0.69%, to 2,457.

Market cues:

• FIIs net sell $132.1 mn in equity
• NSE F&O Open Interest up by Rs 3,761 crore at Rs 86,090 crore

F&O cues:

• Futures Open Interest up by Rs 2,129 crore and Options Open Interest up by Rs 1,632 crore
• Nifty Futures shed 1.6 lakh shares in Open Interest
• Nifty Open Interest Put-Call ratio at 1.54 Vs 1.60
• Nifty Puts add 14 lakh shares in Open Interest
• Nifty Calls add 18 lakh shares in Open Interest
• Nifty 4600 Put adds 5.8 lakh shares in Open Interest
• Nifty 4500 Put adds 4 lakh shares in Open Interest
• Nifty 4600 Call adds 10 lakh shares in Open Interest
• Stock Futures add 2 cr shares in Open Interest