Wednesday, October 24, 2007

Markets end flat

Markets still volatile

The markets have shown strength and trading in green amid volatility. Buying is seen in energy, bank, metal and realty pivotals. IT, auto and select oil & gas stocks are witnessing selling pressure. Broader markets have outperformed the benchmark indices and the midcap index is up 1.6% and smallcap index is up 1.3%.

SBI is up over 6% on news that cabinet could take up its rights issue in two weeks.

At 14.20 hrs IST, the Sensex is up 84.64 points or 0.46% at 18577.48, and the Nifty up 26.95 points or 0.49% at 5500.65.

About 1744 shares have advanced, 1210 shares declined, and 100 shares are unchanged.

BSE realty and oil & gas index are up nearly 3% followed by capital goods and banex up 1.5%. IT and oil & gas indices are trading weak.

Top gainers on the indices are Reliance Energy up 7%,SBI & Suzlon Energy up 6%, Hindalco up 4%, Satyam & Tata Steel up nearly 2%.

Top losers on the indices are ONGC, M&M, Tata Motors, Hero Honda, GAIL, HUL and Dr Reddys Labs .

Most active shares on NSE are Reliance Energy at Rs 1,579 with 3,385,798 shares, Bharti Airtel at Rs 1,002.95 with 2,921,970 shares and Reliance at Rs 2,588.90 with 1,107,194 shares.

BSE IT and auto index were trading with cut of over 0.5% and oil & gas index is also in red. In the oil & gas sector, the leading losers were ONGC, GAIL and Reliance. In the auto counter, the major losers were Hero Honda, M&M

BSE capital goods sector was trading in green with over 1% gains. In the capital goods space, the major gainers were Triveni Engg at 123.30 up 5.84%, Crompton Greave at 378.10 up 3.49% and Siemens at 1,714.90 up 3.41%.

Markets lacklustre: ONGC, M&M, Tata Motors top losers

The markets are are lacklustre on account of lack of buying interest in stocks at higher levels. IT, auto and select oil & gas stocks are witnessing selling pressure. Buying is seen in select energy, bank, metal and realty pivotals.

At 12.52 hrs IST, the Sensex is down 28.63 points or 0.15% at 18464.21, and the Nifty up 5.30 points or 0.10% at 5479.00.

About 1643 shares have advanced, 1315 shares declined, and 95 shares are unchanged.

Rupee was quoting at 39.57 today against a US dollar.

Top gainers on the indices are Reliance Energy, Hindalco & SBI up over 3%, Satyam & Tata Steel up nearly 2%.

Top losers on the indices are ONGC, M&M, Tata Motors, Hero Honda, GAIL, HUL and Dr Reddys Labs .

Most active shares on NSE are Reliance Energy at Rs 1,579 with 3,385,798 shares, Bharti Airtel at Rs 1,002.95 with 2,921,970 shares and Reliance at Rs 2,588.90 with 1,107,194 shares.

BSE IT and auto index were trading with deep cut of over 1% and oil & gas index is also in red. In the oil & gas sector, the leading losers were ONGC, GAIL and Reliance. In the auto counter, the major losers were Hero Honda, M&M

BSE capital goods sector was trading in green with over 1% gains. In the capital goods space, the major gainers were Triveni Engg at 123.30 up 5.84%, Crompton Greave at 378.10 up 3.49% and Siemens at 1,714.90 up 3.41%.

Mkts turn red on profit booking; oil & gas, IT stocks drag

The markets have give up all its early gains and have slipped in red on the back of heavy selling pressure seen in IT, auto, oil & gas stocks. Realty, metal and capital goods are stiull holding up in green, however they are also witnessing immense pressure.

At 11.40 am, the Sensex is down 96.57 points or 0.52% at 18396.27, and the Nifty down 15.30 points or 0.28% at 5458.40. About 1588 shares have advanced, 1349 shares declined, and 116 shares are unchanged.

Top gainers on the Nifty are Siemens at Rs 1,725 up 3.75%, Reliance Energy at Rs 1,573.35 up 3.32% and SAIL at Rs 244.30 up 3.30%.

Top losers on the Nifty are NALCO at Rs 278 down 3.07%, GAIL at Rs 397 down 2.83% and Grasim at Rs 3,592.90 down 2.76%.

Most active shares on NSE are Reliance Energy at Rs 1,579 with 3,385,798 shares, Bharti Airtel at Rs 1,002.95 with 2,921,970 shares and Reliance at Rs 2,588.90 with 1,107,194 shares.

BSE oil& gas and auto index were trading with deep cut of over 0.92% at 10642.25 and 5402.35 respectively. In the oil & gas sector, the leading losers were ONGC at 1,109 down 3.08%, GAIL at 396.50 down 2.88% and Reliance at 2,601.55 down 0.64%. In the auto counter, the major losers were Hero Honda down 3.06%, M&M down 2.74% and Punj Lloyd down 1.74%.

BSE capital goods sector was trading in green with over 1% gains. In the capital goods space, the major gainers were Triveni Engg at 123.30 up 5.84%, Crompton Greave at 378.10 up 3.49% and Siemens at 1,714.90 up 3.41%.

Mkts off highs; FMCG, pharma, oil&gas stocks drag

The markets have given up some of its early gains on the back of selling coming in pharma, FMCG, oil & gas and IT stocks. However, realty, capital goods and metal stocks are still trading strong with significant gains. Asian markets have also given up most of its gains after strong opening in their early hours.

At 10.41am, the Sensex is up 69.57 points or 0.38% at 18562.41, and the Nifty up 22.50 points or 0.41% at 5496.20. About 1864 shares have advanced, 1094 shares declined, and 95 shares are unchanged.

Market breadth was slightly positive on NSE. Rupee was quoting at 39.59 today against a US dollar.

Top gainers on the Sensex are Reliance Energy at Rs 1,612.80 up 5.89%, Satyam at Rs 481.50 up 4.28% and Tata Steel at Rs 921 up 2.86%.

Top losers on the Sensex are HUL at Rs 213.60 down 0.74%, ONGC at Rs 1,137 down 0.63% and Dr Reddys Labs at Rs 631 down 0.61%.

Oil&gas, pharma, FMCG and auto stocks are trading under pressure on the back of selling pressure.

Most active shares on BSE are Reliance Energy at Rs 1,603.70 with 608,811 shares, Power Grid Corp at Rs 140.90 with 4,272,043 shares and Reliance at Rs 2,605 with 188,635 shares.

Mkts open with huge gap up; Power, metals strong

The markets once again opened on a very strong note today on account of strong cues from the global markets. Power, capital goods, private banking and metal stocks were once again in focus.

At 9:56 am, Sensex was up 306 points at 18799.70 and Nifty was up 98 points at 5571. Major gainers in the opneing trade were SAIL, Reliance Comm, Rel Energy, ICICI Bank, Satyam, Infosys, Reliance, Hindalco, SAIL and Power grid.

Asian markets: Asian indices extended gains today. Hong Kong's Hang Seng surged 1.64% or 480.63 points at 29,857.49, Japan's Nikkei gained 0.78% or 128.01 points at 16,578.59, Taiwan's Taiwan Weighted rose 1.08% or 103.04 points at 9,605.43, South Korea's Seoul Composite advanced 2.33% or 45.34 points at 1,993.32 and Singapore's Straits Times was up 0.81% or 29.96 points at 3,725.26.

US markets: The Dow Jones Industrial Average surged 109.26 points, or 0.81%, to 13,676.23. The Standard & Poor's 500 index rose 13.26 points, or 0.88%, to 1,519.59; the Nasdaq composite index gained 45.33 points, or 1.65%, to 2,799.26.

Market cues:

  • FIIs net sell USd 300 million in equity on Oct 22
  • MFs net sell Rs 325 crore in equity on Oct 22
  • NSE F&O Open Interest up by Rs 4,930 crore (Rs 49.30 billion) at Rs 1,01,274 crore (Rs 1012.74 billion)

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