Intraday chart (range one day)
Intraday chart (range five days)
Thursday, July 23, 2009
Nifty ends above 4500 led by metals, realty, FMCG, auto
It was a spectacular recovery for the markets after two consecutive days of fall. Huge buying across all the sectors, especially realty, metal, FMCG, auto and infrastructure supported the Nifty to end above the 4500 mark and the Sensex above the 15,000 level successfully. All the sectoral indices ended in the green.
Strong earnings from largecaps like Maruti Suzuki, ITC and ACC also cheered the street; respective stocks surged over 5%. Bharti Airtel's US GAAP numbers were also good but the stock tanked a bit. Today's star performer was Mahindra Satyam, which joined the league of top 5 IT companies on the basis of market cap. The stock surged 14.2% on huge volumes and ended above the Rs 100 mark after more than six months (It had seen Rs 100 mark on January 7, 2009) and Tech Mahindra gained just 1.87%.
ACC's Q2CY09 net profit rose 73.54% to Rs 471 crore and revenues were up 15.27% to Rs 2,100 crore, YoY. However, Bharti Airtel's Q1 numbers were good but the stock fell 1%. Bharti Airtel's net profit went up 12.4% to Rs 2,517 crore and revenues increased 1.19% to Rs 9,941.6 crore, QoQ (US GAAP).
Ajay Loganadan, Head of Investment Advisory Group at HSBC Private Banking said earnings have surprised on the upside. "So far the numbers have just been much better than what the street was expecting. On an average, 280 companies have reported their numbers so far and 7-8% topline growth is probably better-than-expected but on the bottomline side we have seen 32-33% growth which is much better than what the market was expecting."
"A reflection that raw material costs have come off fairly significantly and the cost tightening that most companies have adopted over the last quarter or two, so that seems to be very strong. If we continue to get flows both from the foreign institutional investor (FII) as well as domestic money continuing to participate then we could certainly see the markets move higher."
In the realty space, DLF, HDIL, Unitech and Orbit Corporation gained 5-6.8%. Indiabulls Real rose 3.36%. Respective Index shot up 5%.
Metal stocks like Hindalco, Sterlite, Hindustan Zinc, Jindal Steel, Jindal Saw, SAIL, JSW Steel and Tata Steel were up 4-6%. The Index was up over 4%.
In the FMCG space, United Breweries went up 11.4%. Britannia, HUL, Colgate, Nestle and Tata Tea were up 2-4%. Auto stocks like Tata Motors, M&M, Bharat Forge, Hero Honda and Ashok Leyland gained 1.9-4.8%.
In the pharma pack, Glenmark, Dr Reddys Labs, Cipla, Biocon (Q1 sales up 86% and net profit up 314%), Ranbaxy Labs, Apollo Hospital and Sun Pharma were up 1.5-6.7%.
In the power space, Reliance Infrastructure, Suzlon Energy, Power Grid Corp, Reliance Power, Lanco Infratech, GMR Infra, Neyveli Lignite, Tata Power and NTPC moved up 2-7%.
Oil & gas stocks like Reliance Industries, Reliance Petroleum and BPCL were up 2.4-3%. HPCL was up 0.83%.
In the capital goods pack, L&T, Punj Lloyd, Siemens (Q1 numbers were good), Crompton Greaves, ABB and BHEL went up 0.8-2.9%.
Technology stocks like HCL Tech, TCS, Infosys and Wipro gained 1-3.5%. In the banking space, PNB, Axis Bank, Kotak Mahindra, SBI, ICICI Bank and Bank of Baroda were up 1.4-4.5%. HDFC Bank was up 0.66%.
In the telecom pack, Reliance Communication, Idea Cellular and Tata Communication surged 3.7-4.9%. Tata Teleservices and MTNL were up 1.7-2.2%.
Volumes remained above the Rs 1 lakh crore mark; total traded turnover was at Rs 1,01,981.66 crore as against Rs 1,19,647.60 crore. This included Rs 19,043.47 crore from the NSE cash segment, Rs 74,885.56 crore from the NSE F&O and the balance Rs 8,052.63 crore from the BSE cash segment.
The market breadth was in favour of advances; about 1864 shares advanced while 903 shares declined on the BSE. Nearly 398 shares remained unchanged.
In the midcap space, United Breweries, Birla Corporation, Era Infra Engg, OnMobile Global and KEC International were up 8.7-11%.
In the smallcap space, Kirloskar Ferro, Eveready Industries, KRBL, Hexaware Tech and Automotive Axle gained 11-19%.
Global cues:
Asian markets ended higher. Hang Seng surged nearly 3%. Shanghai, Jakarta and Straits Times were up 1-1.65%. Nikkei was up 0.7%. Kospi and Taiwan Weighted were flat.
At the time of closing of Indian equities, European markets were marginally in the red while the US futures were trading with modest gains.
Mkts surge; Maruti, ITC, ACC strong on good nos
At 14:22 hours IST - the benchmark indices were trading strong and maintained their uptrend. Good numbers from Maruti, ITC, ACC and Indian Bank were also buoyed the street; respective stocks surged 3.7-6%.
Technology, banking, FMCG, realty, oil & gas, infrastructure and auto stocks were witnessing buying interest. Only two stocks - Sun Pharma, Bharti Airtel - were trading lower among the Nifty 50 and Sensex 30 stocks.
The Nifty surged 108 points, to 4,507 and the Sensex gained 336 points at 15,179. About 920 shares advanced while 305 shares declined on the NSE.
Reliance Industries, ITC, SAIL, DLF, Infosys, L&T, Sterlite, TCS, SBI, NTPC, Maruti, Reliance Communication, Reliance Infrastructure, ICICI Bank and ONGC were leading contributors.
All sectoral indices were in the green. The BSE Metal, Realty, FMCG and Auto indices rose 3-4%. IT, Oil & Gas, Capital Goods, Power and Healthcare indices gained 2% each. Bank and TECk indices rose 1.5%. The broader indices went up 2% each.
In the midcap space, United Breweries, OnMobile Global, Birla Corporation, HT Media and Glenmark were up 7.5-11%.
In the smallcap space, Eveready Industries, KRBL, Vipul, Jindal Drilling and Hexaware Tech went up 9-14%.
Mkts trading strong; realty, metal, FMCG, IT surge
At 13.19 hrs IST - the markets were trading higher as buying was seen across the sectors. The Sensex and Nifty continued to trade above the 15000 and 4450 levels. Buying was seen in realty, metal, FMCG, IT, auto, capital goods, oil & gas, pharma, power and banking stocks.
Reliance, Infosys, ICICI Bank, L&T and HDFC were positive contributors to the Sensex. Out of the BSE Sensex 30 stocks, only 3 stocks were trading negative - Bharti Airtel, Sun Pharma and ONGC.
The Sensex was up 258.53 points or 1.74% at 15101.65, and the Nifty was up 77.50 points or 1.76% at 4476.40.
About 1703 shares advanced while 1001 shares declined on the BSE. Nearly 461 shares were unchanged.
Top gainers on the Sensex was Hindalco at Rs 90.15 up 5.44%, Sterlite Ind at Rs 633 up 5.27%, ITC at Rs 227.55 up 4.45%, Tata Motors at Rs 337.25 up 3.91% and DLF at Rs 359.50 up 3.84%.
Vibhav Kapoor, IL&FS: The Nifty is likely to be ranged between 4200-4600. Quarterly earnings are better-than-expected but have been priced in as valuations are not cheap. The downside looks capped in the near-term.
The midcap and smallcap indices were up 1.5% each.
Top gainers on the BSE Midcap - United Breweries, OnMobile Global, Blue Star, HT Media and Birla Corp were up 6-12%.
Top gainers on the BSE Smallcap – KRBL, Eveready Ind, Jindal Drilling, Elantas Beck and Hexaware Tech were up 10-12%.
Mkts northbound; ITC, RIL, Infy, L&T, Sterlite, SBI lead
At 12:11 hours IST, buying in metal, banking, auto, realty, technology, power and capital goods stocks was helping the markets to stay on the higher side. However, selling in few stocks like Bharti, Sun Pharma, Ambuja Cements, HDFC Bank, Tata Power and ONGC capped the gains.
The Sensex was up 163 points, to 15,007 and the Nifty rose 52 points, to 4,451. The Nifty July future was trading with 10-11 points premium. The broader indices were up over 1%.
The market breadth also reduced its gap; about 1656 shares advanced while 1010 shares declined on the BSE. Nearly 499 shares were unchanged.
KEC International bagged orders worth Rs 471 crore. The stock shot up over 5%.
All sectoral indices were in the green; BSE Metal, FMCG and Realty indices were up 2-2.9%. IT, Auto, Capital Goods and Power indices gained 1-1.5%. Healthcare, Bank, TECk and Oil & Gas indices rose 0.8% each.
Reliance Industries, Infosys, ICICI Bank, L&T, HDFC, ITC, SAIL and Sterlite were leading contributors.
Top percentage gainers - Vadilal Industries, United Breweries, ABM Knowledge, Liberty Shoes, Galaxy Multimedia, GKW, OnMobile Global and Kaveri Seed were up 12-19%.
In the midcap space, Piramal Healthcare, MindTree, Karnataka Bank, Gammon Infra and BOC India fell 3-4.5%. In the smallcap space, Forbes Gokak, Mastek, KGN Industries, TRF and Infomedia 18 fell 5-8.5%.
Mkts extend rally; all sectoral indices in green
At 10:58 hours IST, the benchmark indices moved up further on the back of upside in rate sensitive, infrastructure, metal, FMCG and technology stocks. The broader indices were also following the same trend, gained 1.7% each.
The Sensex surged 271 points, to 15,114 and the Nifty gained 85 points at 4,484. The Nifty July future was trading with 10 points premium.
All the sectoral indices were in the green. Bharti Airtel and Sun Pharma were only two losers among the Nifty 50 and Sensex 30 stocks. ONGC and Ambuja Cements were flat.
The market breadth was positive; about 1792 shares advanced while 864 shares declined on the BSE. Nearly 509 shares were unchanged.
In the banking space, Kotak Mahindra, Axis Bank, ICICI Bank, Bank of Baroda, SBI and PNB were up 1.8-3.4%. Union Bank and HDFC Bank were up 0.6% each.
Realty stocks like Orbit Corporation, DLF, Indiabulls Real, HDIL and Unitech went up 2.7-4.5%. Auto stocks like Tata Motors, M&M, Maruti Suzuki, Hero Honda, Bharat Forge, Bajaj Auto and Ashok Leyland were up 1-2.8%.
In the metal space, Sterlite Industries, Hindalco, Tata Steel, JSW Steel, Jindal Saw, SAIL, Jindal Steel, Sesa Goa and Hindustan Zinc gained 2.2-4.8%.
Technology stocks like TCS, HCL Tech, Patni Computer, Infosys and Wipro went up 1.5-3%.
In the midcap space, OnMobile Global was up 14%. Blue Star, Opto Circuits, Era Infra Engg and United Breweries were up 5-7.6%.
In the smallcap space, Jindal Drilling, Swan Mills, Manappuram, Elantas Beck and Kesoram went up 7.7-11.4%.
Sensex above 15K led by telecom, banks, metals, realty
The markets bounced back with good gains after two days of downfall. Positive Asian cues were helping the markets. Buying was seen in banking, telecom, realty and metal stocks. The Sensex turned back above the 15,000 mark and the Nifty was above the 4400 level.
At 9:57 am, the Nifty was up 69 points, to 4,468 and the Sensex gained 229 points at 15,073. The CNX Midcap and BSE Smallcap indices were up 1% each, to 5,658 and 5,889, respectively. About 660 shares advanced while 79 shares declined on the NSE.
Suzlon Energy, Reliance Infrastructure, Reliance Communication, Tata Steel, Sterlite, DLF, Unitech, ICICI Bank, Reliance Capital, Hindalco, SBI, TCS, Infosys were the gainers.
Bharti Airtel was up 3.5%, as its Q1 bottomline was better-than-expected, went up 12%. Reliance Communication rose 3.5% and Idea gained 3%.
Sun Pharma lost 7%, as its arm Caraco is facing class action suit in US for allegedly failing to disclose adequate information.
Midcap space
IFCI was up 3% and Mahindra Satyam gained 3.3%. Biocon was up 2.3% on good Q1FY10 numbers. Finolex Cables was also up 5.6% on good numbers.
Indiabulls Securities and Moser Baer went up 3.5% each. WWIL rose 1% and Jindal Drilling gained 7.5% on good set of numbers.
However, Deccan Chronicle lost 2% and Tech Mahindra fell 1%.
Global Cues:
Asian markets were trading higher. Hang Seng surged 2.4%. Nikkei, Jakarta and Straits Times were up 1% each. Kospi rose 0.6%. Taiwan Weighted was flat. SGX Nifty was up 1%.
The US markets lost some momentum after rallying nearly 10% in the last 7 trading sessions. They ended flat. The Nasdaq Composite ended in the green for 11th day, longest stretch since 1996; it was helped by Apple, which rallied 3.5% post good results.
The Dow Jones Industrial Average ended down 35 points at 8,881. The Nasdaq Composite was up 10 points at 1,927 and the S&P 500 was flat at 954.
Commodities:
Crude declined 0.3% to $65.4/bbl after crude supplies fell by 1.8 million barrels.
Baltic Dry Index was down 1.5%, bringing its 3-day decline to 4%.
Gold was up 0.7% to $953.3 an ounce.
Copper gained 2% to settle above $5500/tonne, at 9-month highs.
Aluminium was up 10% in 2 weeks.
Market cues:
-FIIs net buy USD 10.4 milion in cash on July 21
-MFs net buy Rs 104 crore in cash on July 21
-Total F&O Open Int down by Rs 74 crore at Rs 86,053 crore
-FIIs net buy Rs 66 crore in cash on July 22 (prov)
-DIIs net sell Rs 224 crore in cash on July 22 (prov)
-FIIs net sell Rs 451 crore in F&O on July 22
F&O cues:
-Total Futures Open Interest down by Rs 732 crore and Total Options Open Interest up by Rs 659 crore
-Nifty down 1.6%, Futures Open Interest up unchanged
-Nifty July Futures trading at a 6-pt prem versus 4-pt prem
-Nifty IVs at 32-35% levels
-Nfty Open Interest Put Call Ratio at 1.22 versus 1.23
-Nifty Calls add 7.9 lakh shares in Open Interest
-Nifty Puts add 4.3 lakh shares in Open Interest
-Nifty 4400 Call adds 4.8 lakh shares
-Nifty 4000 Put adds 2.4 lakh shares
-Nifty 4100 Put sheds 3.7 lakh shares
-Nifty 4200 Call sheds 3 lakh shares
-Stock Futures shed 79 lakh shares in Open Interest
Strong earnings from largecaps like Maruti Suzuki, ITC and ACC also cheered the street; respective stocks surged over 5%. Bharti Airtel's US GAAP numbers were also good but the stock tanked a bit. Today's star performer was Mahindra Satyam, which joined the league of top 5 IT companies on the basis of market cap. The stock surged 14.2% on huge volumes and ended above the Rs 100 mark after more than six months (It had seen Rs 100 mark on January 7, 2009) and Tech Mahindra gained just 1.87%.
ACC's Q2CY09 net profit rose 73.54% to Rs 471 crore and revenues were up 15.27% to Rs 2,100 crore, YoY. However, Bharti Airtel's Q1 numbers were good but the stock fell 1%. Bharti Airtel's net profit went up 12.4% to Rs 2,517 crore and revenues increased 1.19% to Rs 9,941.6 crore, QoQ (US GAAP).
Ajay Loganadan, Head of Investment Advisory Group at HSBC Private Banking said earnings have surprised on the upside. "So far the numbers have just been much better than what the street was expecting. On an average, 280 companies have reported their numbers so far and 7-8% topline growth is probably better-than-expected but on the bottomline side we have seen 32-33% growth which is much better than what the market was expecting."
"A reflection that raw material costs have come off fairly significantly and the cost tightening that most companies have adopted over the last quarter or two, so that seems to be very strong. If we continue to get flows both from the foreign institutional investor (FII) as well as domestic money continuing to participate then we could certainly see the markets move higher."
In the realty space, DLF, HDIL, Unitech and Orbit Corporation gained 5-6.8%. Indiabulls Real rose 3.36%. Respective Index shot up 5%.
Metal stocks like Hindalco, Sterlite, Hindustan Zinc, Jindal Steel, Jindal Saw, SAIL, JSW Steel and Tata Steel were up 4-6%. The Index was up over 4%.
In the FMCG space, United Breweries went up 11.4%. Britannia, HUL, Colgate, Nestle and Tata Tea were up 2-4%. Auto stocks like Tata Motors, M&M, Bharat Forge, Hero Honda and Ashok Leyland gained 1.9-4.8%.
In the pharma pack, Glenmark, Dr Reddys Labs, Cipla, Biocon (Q1 sales up 86% and net profit up 314%), Ranbaxy Labs, Apollo Hospital and Sun Pharma were up 1.5-6.7%.
In the power space, Reliance Infrastructure, Suzlon Energy, Power Grid Corp, Reliance Power, Lanco Infratech, GMR Infra, Neyveli Lignite, Tata Power and NTPC moved up 2-7%.
Oil & gas stocks like Reliance Industries, Reliance Petroleum and BPCL were up 2.4-3%. HPCL was up 0.83%.
In the capital goods pack, L&T, Punj Lloyd, Siemens (Q1 numbers were good), Crompton Greaves, ABB and BHEL went up 0.8-2.9%.
Technology stocks like HCL Tech, TCS, Infosys and Wipro gained 1-3.5%. In the banking space, PNB, Axis Bank, Kotak Mahindra, SBI, ICICI Bank and Bank of Baroda were up 1.4-4.5%. HDFC Bank was up 0.66%.
In the telecom pack, Reliance Communication, Idea Cellular and Tata Communication surged 3.7-4.9%. Tata Teleservices and MTNL were up 1.7-2.2%.
Volumes remained above the Rs 1 lakh crore mark; total traded turnover was at Rs 1,01,981.66 crore as against Rs 1,19,647.60 crore. This included Rs 19,043.47 crore from the NSE cash segment, Rs 74,885.56 crore from the NSE F&O and the balance Rs 8,052.63 crore from the BSE cash segment.
The market breadth was in favour of advances; about 1864 shares advanced while 903 shares declined on the BSE. Nearly 398 shares remained unchanged.
In the midcap space, United Breweries, Birla Corporation, Era Infra Engg, OnMobile Global and KEC International were up 8.7-11%.
In the smallcap space, Kirloskar Ferro, Eveready Industries, KRBL, Hexaware Tech and Automotive Axle gained 11-19%.
Global cues:
Asian markets ended higher. Hang Seng surged nearly 3%. Shanghai, Jakarta and Straits Times were up 1-1.65%. Nikkei was up 0.7%. Kospi and Taiwan Weighted were flat.
At the time of closing of Indian equities, European markets were marginally in the red while the US futures were trading with modest gains.
Mkts surge; Maruti, ITC, ACC strong on good nos
At 14:22 hours IST - the benchmark indices were trading strong and maintained their uptrend. Good numbers from Maruti, ITC, ACC and Indian Bank were also buoyed the street; respective stocks surged 3.7-6%.
Technology, banking, FMCG, realty, oil & gas, infrastructure and auto stocks were witnessing buying interest. Only two stocks - Sun Pharma, Bharti Airtel - were trading lower among the Nifty 50 and Sensex 30 stocks.
The Nifty surged 108 points, to 4,507 and the Sensex gained 336 points at 15,179. About 920 shares advanced while 305 shares declined on the NSE.
Reliance Industries, ITC, SAIL, DLF, Infosys, L&T, Sterlite, TCS, SBI, NTPC, Maruti, Reliance Communication, Reliance Infrastructure, ICICI Bank and ONGC were leading contributors.
All sectoral indices were in the green. The BSE Metal, Realty, FMCG and Auto indices rose 3-4%. IT, Oil & Gas, Capital Goods, Power and Healthcare indices gained 2% each. Bank and TECk indices rose 1.5%. The broader indices went up 2% each.
In the midcap space, United Breweries, OnMobile Global, Birla Corporation, HT Media and Glenmark were up 7.5-11%.
In the smallcap space, Eveready Industries, KRBL, Vipul, Jindal Drilling and Hexaware Tech went up 9-14%.
Mkts trading strong; realty, metal, FMCG, IT surge
At 13.19 hrs IST - the markets were trading higher as buying was seen across the sectors. The Sensex and Nifty continued to trade above the 15000 and 4450 levels. Buying was seen in realty, metal, FMCG, IT, auto, capital goods, oil & gas, pharma, power and banking stocks.
Reliance, Infosys, ICICI Bank, L&T and HDFC were positive contributors to the Sensex. Out of the BSE Sensex 30 stocks, only 3 stocks were trading negative - Bharti Airtel, Sun Pharma and ONGC.
The Sensex was up 258.53 points or 1.74% at 15101.65, and the Nifty was up 77.50 points or 1.76% at 4476.40.
About 1703 shares advanced while 1001 shares declined on the BSE. Nearly 461 shares were unchanged.
Top gainers on the Sensex was Hindalco at Rs 90.15 up 5.44%, Sterlite Ind at Rs 633 up 5.27%, ITC at Rs 227.55 up 4.45%, Tata Motors at Rs 337.25 up 3.91% and DLF at Rs 359.50 up 3.84%.
Vibhav Kapoor, IL&FS: The Nifty is likely to be ranged between 4200-4600. Quarterly earnings are better-than-expected but have been priced in as valuations are not cheap. The downside looks capped in the near-term.
The midcap and smallcap indices were up 1.5% each.
Top gainers on the BSE Midcap - United Breweries, OnMobile Global, Blue Star, HT Media and Birla Corp were up 6-12%.
Top gainers on the BSE Smallcap – KRBL, Eveready Ind, Jindal Drilling, Elantas Beck and Hexaware Tech were up 10-12%.
Mkts northbound; ITC, RIL, Infy, L&T, Sterlite, SBI lead
At 12:11 hours IST, buying in metal, banking, auto, realty, technology, power and capital goods stocks was helping the markets to stay on the higher side. However, selling in few stocks like Bharti, Sun Pharma, Ambuja Cements, HDFC Bank, Tata Power and ONGC capped the gains.
The Sensex was up 163 points, to 15,007 and the Nifty rose 52 points, to 4,451. The Nifty July future was trading with 10-11 points premium. The broader indices were up over 1%.
The market breadth also reduced its gap; about 1656 shares advanced while 1010 shares declined on the BSE. Nearly 499 shares were unchanged.
KEC International bagged orders worth Rs 471 crore. The stock shot up over 5%.
All sectoral indices were in the green; BSE Metal, FMCG and Realty indices were up 2-2.9%. IT, Auto, Capital Goods and Power indices gained 1-1.5%. Healthcare, Bank, TECk and Oil & Gas indices rose 0.8% each.
Reliance Industries, Infosys, ICICI Bank, L&T, HDFC, ITC, SAIL and Sterlite were leading contributors.
Top percentage gainers - Vadilal Industries, United Breweries, ABM Knowledge, Liberty Shoes, Galaxy Multimedia, GKW, OnMobile Global and Kaveri Seed were up 12-19%.
In the midcap space, Piramal Healthcare, MindTree, Karnataka Bank, Gammon Infra and BOC India fell 3-4.5%. In the smallcap space, Forbes Gokak, Mastek, KGN Industries, TRF and Infomedia 18 fell 5-8.5%.
Mkts extend rally; all sectoral indices in green
At 10:58 hours IST, the benchmark indices moved up further on the back of upside in rate sensitive, infrastructure, metal, FMCG and technology stocks. The broader indices were also following the same trend, gained 1.7% each.
The Sensex surged 271 points, to 15,114 and the Nifty gained 85 points at 4,484. The Nifty July future was trading with 10 points premium.
All the sectoral indices were in the green. Bharti Airtel and Sun Pharma were only two losers among the Nifty 50 and Sensex 30 stocks. ONGC and Ambuja Cements were flat.
The market breadth was positive; about 1792 shares advanced while 864 shares declined on the BSE. Nearly 509 shares were unchanged.
In the banking space, Kotak Mahindra, Axis Bank, ICICI Bank, Bank of Baroda, SBI and PNB were up 1.8-3.4%. Union Bank and HDFC Bank were up 0.6% each.
Realty stocks like Orbit Corporation, DLF, Indiabulls Real, HDIL and Unitech went up 2.7-4.5%. Auto stocks like Tata Motors, M&M, Maruti Suzuki, Hero Honda, Bharat Forge, Bajaj Auto and Ashok Leyland were up 1-2.8%.
In the metal space, Sterlite Industries, Hindalco, Tata Steel, JSW Steel, Jindal Saw, SAIL, Jindal Steel, Sesa Goa and Hindustan Zinc gained 2.2-4.8%.
Technology stocks like TCS, HCL Tech, Patni Computer, Infosys and Wipro went up 1.5-3%.
In the midcap space, OnMobile Global was up 14%. Blue Star, Opto Circuits, Era Infra Engg and United Breweries were up 5-7.6%.
In the smallcap space, Jindal Drilling, Swan Mills, Manappuram, Elantas Beck and Kesoram went up 7.7-11.4%.
Sensex above 15K led by telecom, banks, metals, realty
The markets bounced back with good gains after two days of downfall. Positive Asian cues were helping the markets. Buying was seen in banking, telecom, realty and metal stocks. The Sensex turned back above the 15,000 mark and the Nifty was above the 4400 level.
At 9:57 am, the Nifty was up 69 points, to 4,468 and the Sensex gained 229 points at 15,073. The CNX Midcap and BSE Smallcap indices were up 1% each, to 5,658 and 5,889, respectively. About 660 shares advanced while 79 shares declined on the NSE.
Suzlon Energy, Reliance Infrastructure, Reliance Communication, Tata Steel, Sterlite, DLF, Unitech, ICICI Bank, Reliance Capital, Hindalco, SBI, TCS, Infosys were the gainers.
Bharti Airtel was up 3.5%, as its Q1 bottomline was better-than-expected, went up 12%. Reliance Communication rose 3.5% and Idea gained 3%.
Sun Pharma lost 7%, as its arm Caraco is facing class action suit in US for allegedly failing to disclose adequate information.
Midcap space
IFCI was up 3% and Mahindra Satyam gained 3.3%. Biocon was up 2.3% on good Q1FY10 numbers. Finolex Cables was also up 5.6% on good numbers.
Indiabulls Securities and Moser Baer went up 3.5% each. WWIL rose 1% and Jindal Drilling gained 7.5% on good set of numbers.
However, Deccan Chronicle lost 2% and Tech Mahindra fell 1%.
Global Cues:
Asian markets were trading higher. Hang Seng surged 2.4%. Nikkei, Jakarta and Straits Times were up 1% each. Kospi rose 0.6%. Taiwan Weighted was flat. SGX Nifty was up 1%.
The US markets lost some momentum after rallying nearly 10% in the last 7 trading sessions. They ended flat. The Nasdaq Composite ended in the green for 11th day, longest stretch since 1996; it was helped by Apple, which rallied 3.5% post good results.
The Dow Jones Industrial Average ended down 35 points at 8,881. The Nasdaq Composite was up 10 points at 1,927 and the S&P 500 was flat at 954.
Commodities:
Crude declined 0.3% to $65.4/bbl after crude supplies fell by 1.8 million barrels.
Baltic Dry Index was down 1.5%, bringing its 3-day decline to 4%.
Gold was up 0.7% to $953.3 an ounce.
Copper gained 2% to settle above $5500/tonne, at 9-month highs.
Aluminium was up 10% in 2 weeks.
Market cues:
-FIIs net buy USD 10.4 milion in cash on July 21
-MFs net buy Rs 104 crore in cash on July 21
-Total F&O Open Int down by Rs 74 crore at Rs 86,053 crore
-FIIs net buy Rs 66 crore in cash on July 22 (prov)
-DIIs net sell Rs 224 crore in cash on July 22 (prov)
-FIIs net sell Rs 451 crore in F&O on July 22
F&O cues:
-Total Futures Open Interest down by Rs 732 crore and Total Options Open Interest up by Rs 659 crore
-Nifty down 1.6%, Futures Open Interest up unchanged
-Nifty July Futures trading at a 6-pt prem versus 4-pt prem
-Nifty IVs at 32-35% levels
-Nfty Open Interest Put Call Ratio at 1.22 versus 1.23
-Nifty Calls add 7.9 lakh shares in Open Interest
-Nifty Puts add 4.3 lakh shares in Open Interest
-Nifty 4400 Call adds 4.8 lakh shares
-Nifty 4000 Put adds 2.4 lakh shares
-Nifty 4100 Put sheds 3.7 lakh shares
-Nifty 4200 Call sheds 3 lakh shares
-Stock Futures shed 79 lakh shares in Open Interest
Calls for 23rd july
RESEARCH-Nifty(FUT) R-4520/4635/4815 S-4450/4335/4270 ;Sensex(CASH)
R-15215/15580/16165 S-14995/14625/14415 ;MARKET OUTLOOK:FLAT 8.59A
RESEARCH: MARKET OUTLOOK: Declined open interest with negative price strategy in NIFTY futures indicates that the market is strengthening on the positive side. Simultaneously, the open interest PUT-CALL ratio of NIFTY has been trading 1.44 or 1.46 over a couple of days – 1.50 would indicate that worst is over and could turn out to be a bullish accumulation pattern. Considering F&O market indicators, the overall market outlook is likely to be upbeat trend and NIFTY can be expected to test the key resistance level of 4693 in the coming days. For the day, market may open flat to positive note and fresh buying as well as short covering can be expected above 4480 levels. The support will be at 4377 and 4342. Below this level, NIFTY may be expected to come down to 4315 levels.
APOLLO SINDHOORI: RESEARCH-Global Market: DOW JONES (-0.39%), S&P 500 (-0.05%), NASDAQ (+0.53%), FTSE (+0.28%), DAX (+0.54%), NIKKEI(+1.15%), HANG SENG (+2.37%) & SGX NIFTY (+47 POINTS)
RESEARCH: INTRADAY CALL: NIFTY SL TRIGGERED
RESEARCH- INTRADAY CALL (CASH) : SHORT SELL IDFC BELOW 128 TGT 124 SL 130
RESEARCH: ITC Q1 PAT @ Rs 878.70 Cr Vs Rs 748.67 Cr (Y0Y)
RESEARCH: INTRADAY CALL: BUY SESAGOA ABOVE 235 TGT 244 SL 232
R-15215/15580/16165 S-14995/14625/14415 ;MARKET OUTLOOK:FLAT 8.59A
RESEARCH: MARKET OUTLOOK: Declined open interest with negative price strategy in NIFTY futures indicates that the market is strengthening on the positive side. Simultaneously, the open interest PUT-CALL ratio of NIFTY has been trading 1.44 or 1.46 over a couple of days – 1.50 would indicate that worst is over and could turn out to be a bullish accumulation pattern. Considering F&O market indicators, the overall market outlook is likely to be upbeat trend and NIFTY can be expected to test the key resistance level of 4693 in the coming days. For the day, market may open flat to positive note and fresh buying as well as short covering can be expected above 4480 levels. The support will be at 4377 and 4342. Below this level, NIFTY may be expected to come down to 4315 levels.
APOLLO SINDHOORI: RESEARCH-Global Market: DOW JONES (-0.39%), S&P 500 (-0.05%), NASDAQ (+0.53%), FTSE (+0.28%), DAX (+0.54%), NIKKEI(+1.15%), HANG SENG (+2.37%) & SGX NIFTY (+47 POINTS)
RESEARCH: INTRADAY CALL: NIFTY SL TRIGGERED
RESEARCH- INTRADAY CALL (CASH) : SHORT SELL IDFC BELOW 128 TGT 124 SL 130
RESEARCH: ITC Q1 PAT @ Rs 878.70 Cr Vs Rs 748.67 Cr (Y0Y)
RESEARCH: INTRADAY CALL: BUY SESAGOA ABOVE 235 TGT 244 SL 232
Subscribe to:
Posts (Atom)
