Sensex northbound; realty, FMCG, oil & gas underperform

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 volatile with +ve bias; Infy, TCS, SAIL, Bharti up

At 11.57 hrs IST, the Nifty was trading flat with positive bias. The benchmark index failed to cross the supply zone of 4790-4820 on the upside and retraced back to 4770 levels. Realty, oil&gas and metal stocks continued to drag the markets down. The IT Index was star performer of the day. Buying was also seen in pharma, auto and FMCG stocks. The BSE Midcap and Smallcap index were also trading in the green.

The Sensex was up 46.67 points or 0.29% at 15982.28, and the Nifty was up 14.45 points or 0.30% at 4774.85. About 1574 shares advanced, 1249 shares declined, and 329 shares were unchanged.

In the largecap space, SAIL was the top gainer with more than 2%.  Infosys, Wipro, Grasim and Hero Honda were up 1.6% each. On the losing side, DLF, BPCL, Suzlon Energy, Reliance Infra and HUL were down 1.2-1.6%.

Hindustan Lever was trading at Rs 233.45 down 0.77% from its previous close of Rs 235.25. Reliance was trading at Rs 988.00 down 0.84% from its previous close of Rs 996.35.

Tech major Infosys was trading at Rs 2,441.65 up 1.7% from its previous close of Rs 2,400.75. Cigarette major ITC was trading at Rs 246.05 up 0.35% from its previous close of Rs 245.20. Refinery major HPCL was trading at Rs 344.45 up 0.32% from its previous close of Rs 343.35

Jubilant Foodworks lost some ground after touching high of Rs 250. The stock was up nearly 60% from its issue price of Rs 145.

Top gainers on the BSE Midcap: AstraZeneca, Jubilant Org, Central Bank, BGR Energy and Patni Computer were up 3-6%.

Top losers on the BSE Midcap: Gujarat NRE Coke, Shriram City, Blue Dart, Petronet LNG and Indiabulls Real Estate were down 2-4%.

Top gainers on the BSE Smallcap: Goodyear, Gati, Fem Care Pharma, Money Matters and Transport Corp were up 6-20%.

Top losers on the BSE Smallcap: Swaraj Mazda, CMI FPE, INOX Leisure, Rollatainers and Ashtavinayak were down 3-9%.

Sensex tests 16K; Jubilant Food, Infinite Comp most active

The benchmark Sensex touched the 16000 mark on the back of buying interest in technology, metal, auto, pharma, select capital goods, banking and power stocks. Even the Nifty was moving up towards the 4800 level.

However, the sell-off in oil & gas and realty stocks along with HUL, Sterlite Industries, HDFC Bank, Reliance Communications, PNB and Suzlon Energy limited gains to some extent.

The Sensex was trading at 15994, up 58 points and the Nifty was at 4779, up 19 points.

In the technology space, TCS, Infosys, Wipro and HCL Tech gained 1.6% each.

SAIL rose neary 3%, top gainer on the Nifty. SAIL is likely to issue bonus shares before FPO, reports CNBC-TV18 quoting sources. Among other metal stocks, Tata Steel was up 1.4% and Jindal Steel up 0.5%. However, Sterlite and Hindalco fell 0.4-0.5%.

Hero Honda went up 1.9% and Tata Motors up 1.24% in the auto space. M&M and Maruti gained 0.4-0.6%.

However, Reliance Industries and ONGC fell 0.34-0.6%. BPCL lost 1.4%.

The broader indices extended gains, about 1664 shares advanced while 1119 shares declined. Nearly 369 shares were unchanged. The BSE Midcap Index was up 0.4% and the Smallcap was up 0.6%.

Jubilant Foodworks (recently listed), Infinite Computer (recently listed), Tata Steel, Sesa Goa, ICICI Bank and Unitech were the most active shares on the bourses.

Top percentage gainers on the BSE - Goodyear was locked at 20% upper circuit. Cochin Minerals and Premier Energy gained 12.7% each. Pasupati Fincap and Hella India were locked at 10% upper circuit each.

In the midcap space, AstraZeneca, Jubilant Org, SKF India, Emami and Central Bank were up 3-7% while Blue Dart, Motherson Sumi, Parsvnath, Jain Irrigation and Info Edge fell 1.5-3%.

In the smallcap space, Gati, Money Matters, Stride Arcolab and Oil Country went up 6-9% while Swaraj Mazda, CMI FPE, Maharashtra Polybutenes, Hinduja Foundries and Cholamandalam lost 4-8.5%.

Sensex trades in narrow range; SAIL, Ranbaxy up 2.5%

At 10:04 hours IST, the Sensex was trading in a narrow range, around its previous closing value. Buying in technology, metal and select auto stocks along with NTPC, Ranbaxy Labs, Axis Bank, Grasim, ABB and Siemens were supporting the markets.

However, selling in oil & gas, realty and private banking companies' shares along with Sterlite, Reliance Communications, PNB and Suzlon Energy capped the gains to some extent.

Asian markets were also mixed in trade. Taiwan rose 1.77%. Straits Times, Kospi and Shanghai were marginally in the green while Jakarta lost 1.3%. Nikkei was down 0.4%. Hang Seng was flat.

The 30-share BSE Sensex was trading at 15945, up 10 points and the Nifty was at 4765, up 5 points.

Among the frontliners, SAIL and Ranbaxy Labs went up 2.7% each. Hero Honda, Wipro, TCS, Infosys and Tata Steel were up 1-1.8%.

However, DLF, Reliance Communications, Reliance Industries, HDFC, ONGC, Suzlon Energy, BPCL, Unitech and PNB fell 0.4-1.4%.

The broader indices were marginally outperforming the benchmark indices, up 0.3-0.5%. The market breadth was also in favour of advances; about 1556 shares advanced while 1226 shares declined on the BSE. Nearly 370 shares were unchanged.

In the midcap space, Jubilant Org, Emami, SKF India, AstraZeneca and State Bank Mysore gained 3-4.7% while Cox & Kings, Parsvnath, Jai Corp, Jain Irrigation and Motherson Sumi fell 1.8-2.3%.

In the smallcap space, Goodyear was locked at 20% upper circuit, the company would consider delisting of shares today.

Vindhya Telelink, Gati, Oil Country and Money Matters rallied 5-8.8%. However, Swaraj Mazda, Maharashtra Polybutenes, Hinduja Foundries, Simplex Project and OCL Iron lost 4-6.8%.

Nifty volatile; pvt banks, oil & gas down, tech, metals up

The Nifty started the day on a flat-to-negative note following mixed cues of Asian markets. It was also witnessing volatility. Technology and metal stocks gained while realty, capital goods, private banking & financial and oil & gas stocks were under pressure.

At 9:02 hours IST, the Nifty was trading at 4742, down 18 points and the Sensex was at 15870, down 65 points. However, the CNX Midcap was up 3 points to 7174 and the BSE Smallcap up 20 points 8211.

Among the frontliners, Sterlite, Unitech, DLF, Suzlon Energy, PNB, ICICI Bank, HDFC Bank, ONGC, L&T, Reliance Industries, IDFC, Jaiprakash Associates and Jindal Steel were the losers.

However, SAIL rose 2.5%, as the company may issue bonus shares before its follow-on public offering (FPO), reports CNBC-TV18 quoting sources.

Ranbaxy Labs gained 1.5%, as WHO said November inspection of Ranbaxy's Paonta Sahib plant found no problems at site.

Idea Cellular, Bharti Airtel, Reliance Communications, ITC, Wipro and Infosys were the other gainers.

Midcap & smallcap space:

Jubilant Foodworks shot up 5%, after yesterday's 65% rally.

Subex rose 7%, as its board approved issue of up to 6 million shares to promoters at Rs 80/share.

Vishal Retail was up nearly 5%.

Fame India gained 5%. Deepak Fertiliser was up 2.5%.

However, Shree Ashtavinayak fell 3.3% and Inox was down 0.5%.

Global cues:

Asian markets were trading mixed. Taiwan rose 1.5% and Kospi gained 0.5%. Shanghai was up 0.26%. However, Hang Seng, Nikkei and Straits Times fell 0.1-0.44%. Jakarta lost 1%.

The Dow Jones Industrial Average closed below 10,000 for the first time in three months. It ended down 104 points at 9908.

The Nasdaq Composite was down 15 points at 2126 and the S&P 500 down 10 points at 1057.

There were reports that China's lending in January exceeded previous 3 months put together (October, November, December) ((govt report to be released this week)).

Commodity:

Reuters CRB commodities index was up 1.2%.

Crude oil rose 1% at USD 71.89/bbl.

Gold was up 1.3% at USD 1065.7/ounce, after seeing intraday high at USD 1074.3/ounce.

March silver rose 1.8% at USD 15.09/ounce, after hitting an intraday high at USD 15.32/ounce.

LME Copper was up 2.7% and ended higher for the first time in four sessions.

Market cues:

FIIs were net sellers of USD 350 million on February 5 in the secondary markets. MFs were net sellers of Rs 296 crore on February 4.

The Total F&O Open Interest was up by Rs 3129 crore at Rs 1,11,781 crore.

As per provisional data on February 8 the FIIs were net sellers of Rs 935 crore in cash, however DIIs were net buyers of Rs 381 crore in cash and FIIs were net buyers of Rs 405 crore in the F&O.

F&O cues:

-Total Futures Open Interest down by Rs 1,453 crore, Total Options Open Interest up by Rs 1,675 crore
-Stock Futures Add 2.8 crore shares in Open Interest
-Nifty Calls add 13.5 lakh shares, Nifty Puts adds 7.8 lakh shares in Open Interest
-Nifty PCR at 1.02 versus 1.03
-Nifty Futures 5 pt premium versus 8 pt discount , Add 4.2 lakh shares
-Nifty March 4400 Put Adds 3.8 lakh shares in Open Interest
-Nifty Feb 4700 Put Adds 3.6 lakh shares in Open Interest
-Nifty Feb 4600 Put Adds 3.2 lakh shares in Open Interest
-Nifty Feb 5200 Call Adds 2.9 lakh shares in Open Interest