January 18, 2011 / 12:11 IST
At 11:56 hours IST - the benchmark Sensex was hovering around 19000 level, with about 100 points gains led by support from technology, metal, auto, FMCG, financial (barring HDFC, HDFC Bank) and select healthcare companies' shares.
The BSE IT Index led the major support today especially after TCS Q3FY11 numbers; gained 1.7%. TCS rose 3.7% as company saw net profit rising 9.24% quarter on quarter to Rs 2,369.83 crore, while for Infosys, it rose 2.5% to Rs 1,780 crore. Wipro rose 2.7% and Infosys went up 0.8%.Management said the business momentum continues to be good. "We have seen decent growth across verticals in all geographies," CEO N Chandrasekhar added.Leading banks like ICICI Bank, Axis Bank and SBI gained 1-3%. SAIL, Tata Steel, Sterlite and Hindalco from metal segment rallied 1-2.7%.However, indices wiped out some gains due to sell-off HDFC, ONGC, JSPL, Tata Power, DLF, Reliance Infrastructure & L&T along with telecom companies' shares. The 50-share NSE Nifty was trading at 5,686, up 31.5 points and the 30-share BSE Sensex gained 100 points at 18,982, which lost about 25 points and 120 points from day's high.Tata Coffee, Reliance Infra, Gitanjali Gems, SBI, Infosys, TCS, Tata Steel, Axis Bank and Tata Motors were most active shares on exchanges.In midcap space, Polaris, Berger Paints, Glodyne Tech, ING Vysya Bank and Gujarat Flourochem gained 3.3-4% while KGN Industries, HCC, Coromandel International, Radico Khaitan and Jubilant Life lost 3.5-4%.In smallcap space, Elgi Equipments, Splash Media, Binny, Kiri Dyes Chemical and Sudarshan Chemical jumped 4.7-6.4% whereas Sterling Holiday, Asian Hotel (E), Koutons Retail, Ester Inds and LS Industries slipped 5-10%._PAGEBREAK_Sensex northbound; HDFC, Rel Infra, JSPL, DLF slipAt 10:41 hours IST - equity benchmarks were holding their key psychological levels - the Nifty was above 5700-mark and the Sensex above 19,000 level. Technology, banking, metal, FMCG, cement and capital goods companies' shares along with heavyweights Reliance Industries and NTPC were supporting the markets.Gautam Shah of JM Financial sees resistance between 5750-5780/19100-19200 area for Nifty & Sensex. He, however, said downside targets of 18000/5430-5450 could be seen within the next 1-3 weeks with "wild" pullbacks in between. However, HDFC, ONGC, Reliance Infrastructure, Tata Power, Sesa Goa, Hero Honda, DLF and Jindal Steel were witnessing selling pressure, which limited gains. The 30-share BSE Sensex was trading at 19,029, up 148 points and the 50-share NSE Nifty rose 45.60 points to 5,700. The broader indices were also up 0.6-0.86%.TCS was the leading star on Nifty, especially post its Q3FY11 numbers. Its consolidated net sales were up 4% at Rs 9,663.35 crore and net was up 9% at Rs 2,369.83 crore as against estimates of Rs 9653.82 crore and Rs 2203.250 crore, respectively. Wipro followed the same trend. Even Axis Bank gained 3% on the back of strong numbers.Among frontliners, TCS, Wipro, Sterlite Industries, Cipla, Hindalco, Axis Bank, SAIL and IDFC rallied 2-3%.However, Reliance Infrastructure slipped 1.8% and Sesa Goa was down 1.3%. Hero Honda, DLF and Tata Power fell 0.4-0.8%.Gitanjali Gems, Tata Coffee, SBI, Infosys, L&T, Axis Bank, TCS, Tata Steel and ICICI Bank were most active shares on exchanges.In midcap space, Gitanjali Gems, Glodyne Tech, Berger Paints, Polaris and ING Vysya Bank gained 4-5% while Glenmark, KGN Industries, HCC, IRB Infra and Coromandel Intl fell 3-6%.In smallcap space, Bengal & Assam, Splash Media, Sujana Towers, Zee Learn and Centrum Finance jumped 4.7-6.5% while Ester Ind, LS Industries, Spectacle Info, Asian Hotel (E) and Polyplex Corp lost 3.7-5%.About 1520 shares advanced as against 694 shares declined on Bombay Stock Exchange._PAGEBREAK_Nifty hits 5700; TCS surges post nos, banks leadThe benchmark Nifty started the day on a positive note and touched the 5700 level in early trade, led by financial, metal, cement and metal stocks. Even the Sensex got back above 19,000 level on strong pullback after a massive sell-off seen in last week.TCS rallied 3.8% post good set of numbers. Its Q3 consolidated net sales were up 4% at Rs 9,663.35 crore and net was up 9% at Rs 2,369.83 crore as against estimates of Rs 9653.82 crore and Rs 2203.250 crore, respectively.Wipro was up 2% while Infosys was marginally in red.Among frontliners, SAIL, Tata Steel, Suzlon Energy, Kotak Mahindra Bank, Axis Bank, HDFC Bank, Jaiprakash Associates, SBI, Hindalco, M&M and ACC were on buyers' radar.After huge sell-off seen on Monday, Anil Dhirubhai Ambani Group companies' shares like Reliance Capital, Reliance Communications, Reliance Power and Reliance Broadcast bounced back with 1-2% gains.However, Infosys, Hero Honda, ONGC, Tata Power and Maruti Suzuki were witnessing selling pressure.Midcap & Smallcap spaceIndiabuls Real Estate gained 3.8% ahead of numbers. The company will demerge power operations from company and merge power operations with arm Indiabulls Infra.PSL was up 3.7%. Bajaj Finserv and Cadial were up 1.5-2.5% ahead of earnings today. Orchid Chemical, City Union Bank, IFCI, LIC Housing, Apollo Tyres, Canara Bank, PFC, IDFC, Bharat Forge, Yes Bank and Punj Lloyd were up 1-2.5%.HCC tanked 5% as Environment ministry said gross violations made by Lavasa. "It is difficult to okay project."Asian markets were trading with moderate gains. Hang Seng, Straits Times, Kospi, Taiwan and Nikkei were up 0.2-0.9%.CommoditiesCrude oil was down 0.6% at USD 91/barrelGold rose 0.14% at USD 1362/ounceSilver went up 0.1% at USd 28.34/ounceCopper was down 0.6%Natural Gas was up 0.8%Sugar fell 4%F&O cues: Total Nifty futures up Rs 75 crore, Options up Rs 2206 croreNifty Fut Open Int net add 2.7 lakh shares in Open Int; Nifty futures prem at 3 pts versus flat Nifty Open Int PCR up at 0.91 from 0.90Nifty Put add 20.6 lakh shares in Open Int, Call add 16.7 shares in Open IntHighest Open Int outstanding on call side at 6200 call, 5600 PutNifty 5700 Call adds 15.5 lakh shares in Open Int; prem down from 68 to 62Nifty 5400 put adds 12.1 lakh shares in Open Int; prem down from 27.3 to 16.8 Nifty 5500 Put add 10.2 lakh shares in Open Int; prem down from 45 to 33Nifty Feb 5600 Put adds 4.5 lakh shares in Open Int; prem down from 151 to 138Nifty 5600 Call adds 4.2 lakh shares in Open IntNifty Feb 5500 Put add 3.14 lakh shares in Open Int; prem down 120 to 104Nifty 5800 Put shed 7 lakh shares in Open IntNifty 5600 Put shed 4.7 lakh shares in Open Int Discover the latest Business News, Sensex, and Nifty updates. 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