Tuesday, November 13, 2007

The markets have moved into green andare trading near the high point of the day as some buying is seen at the lower levels. Bargain buying is seen in banking, power, capital good stocks. Sensex has inched above the 19,000 levels and the Nifty is hovering around the 5,700 levels.

Heavies like SBI, HDFC Bank, L&T, Reliance Ind, NTPC are helping the markets trading higher.

At 1:10 pm, the Sensex was up 291.65 points or 1.56% at 19028.92, and the Nifty up 85.60 points or 1.52% at 5702.70.

About 2060 shares have advanced, 916 shares declined, and 89 shares are unchanged.

Broader markets have held out their gains and both midcap and smallcap indices were up 2% each.

However, the IT and FMCG stocks are still under pressure. Market breadth is positive and the volume in the first half of trade was impressive.

Apart from frontliners like SBI and HDFC Bank midcaps like Vijaya Bank, Uco Bank, Syndicate are the other gainers in banking sector. The bankex is up 1.6%.

Among the frontliners HDFC Bank was up over 5%, MTNL up over 4%, HDFC, L&T, SBI, Suzlon, Tata Power, NTPC each up over 3%. ICICI Bank, Tata Steel, Tata Motors, Maruti are up over 2% each.

Top losers on the Nifty are Wipro at Rs 445 down 2.5%, ITC at Rs 175.10 down 2.07% and Mah and Mah at Rs 712 down 2.06%.

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686.

In the IT counter, the major losers were Wipro at 457.45 down 2.74%, Infosys at 1,610 down 1.95%, I-Flex Solution down 1,400 down 1.90% and Mphasis at 277.05 down 1.51%.

Metals stocks were attracting buying and the major gainers were Jindal Steel at 11,712.10 up 8.98%, JSW Steel at 894 up 3.34%, JindalStainless at 163.40 up 3.06% and Jindal Saw at 772.80 up 2.39%.

Mkts turn volatile; IT stocks weak

The markets have turned volatile. Capital goods, power and metal stocks continue to trade strong, however the IT and FMCG stocks are still under pressure. Market breadth is positive and the volume in the first half of trade was impressive.

At 11.30 am, the Sensex is up 48.40 points or 0.26% at 18785.67, and the Nifty up 11.65 points or 0.21% at 5628.75. About 2026 shares have advanced, 957 shares declined, and 82 shares are unchanged. On NSE over 425 stocks were on the advancing side and around 350 stocks on the decline side.

Top gainers on the Nifty are Suzlon Energy at Rs 1,979 up 4.14%, HDFC at Rs 2,598 up 3.22% and Tata Power at Rs 1,257 up 2.72%.

Top losers on the Nifty are Wipro at Rs 445 down 2.5%, ITC at Rs 175.10 down 2.07% and Mah and Mah at Rs 712 down 2.06%.

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686.

In the IT counter, the major losers were Wipro at 457.45 down 2.74%, Infosys at 1,610 down 1.95%, I-Flex Solution down 1,400 down 1.90% and Mphasis at 277.05 down 1.51%.

Market sees buying in metal, cap good stocks

The markets have gained some more points on the back of buying witnessed in the power, capital good and metal stocks. Midcap and smallcap have outperformed the large caps today. Banking and IT stocks are trading weak since opening today, however, power and capital good stocks are strong.

Market breadth was positive with over 830 stocks on the advancing side and only 245 stocks on the decline side. Rupee was quoting at 39.36 against a US dollar.

At 10.50 am, the Sensex is up 82.01 points or 0.44% at 18819.28, and the Nifty up 36.15 points or 0.64% at 5653.25. About 1965 shares have advanced, 1006 shares declined, and 94 shares are unchanged.

Top gainers on the Sensex are Hindalco at Rs 213.40 up 3.19%, Reliance Comm at Rs 710.30 up 2.23% and NTPC at Rs 258.40 up 1.93%.

Top losers on the Sensex are ICICI Bank at Rs 1,115.15 down 2.75%, Wipro at Rs 445 down 2.72% and HDFC Bank at Rs 1,448.05 down 1.86%.

Most active shares on NSE were Reliance Natura at Rs 153.35, Reliance Petro at Rs 218.35 and Reliance at Rs 2,686.

Metals stocks were attracting fresh buying and the major gainers were Jindal Steel at 11,712.10 up 8.98%, JSW Steel at 894 up 3.34%, JindalStainless at 163.40 up 3.06% and Jindal Saw at 772.80 up 2.39%.

Mkts open on flat note; Rel Comm, TCS, NTPC gain

The markets opened on flattish note today in line with its Asian peers. Asian markets were trading mixed. At 9:56 am, Sensex was down 56 points at 18681 and Nifty was up 7 points at 5624. Major gainers were Rel Comm, Hindalco, TCS, NTPC. However, Reliance, Sterlite, HDFC bank, ICICI Bank, Satyam, Infosys, BHEL, Rel Petroleum were trading down.

Asian indices were trading mixed today. Hong Kong's Hang Seng gained 0.51% or 140.50 points at 27,806.23, Taiwan's Taiwan Weighted rose 0.73% or 62.89 points at 8,733.50, South Korea's Seoul Composite advanced 0.17% or 3.20 points at 1,926.62, However, Japan's Nikkei fell 0.17% or 26.53 points at 15,170.56 and Singapore's Straits Times was down 0.55% or 19.36 points at 3,491.76.

US markets: The Dow fell 55.19 points, or 0.42%, to 12,987.55, after falling 4.06% last week. The Standard & Poor's 500 index fell 14.52 points, or 1%, to 1,439.18, while the Nasdaq composite index dropped 43.81 points, or 1.67%, to 2,584.13.

Market cues:

* FIIs net sell USD 71.1 million in equity on Nov 8, 9
* MFs net sell Rs 221.3 crore in equity on Nov 8
* MFs net buy Rs 3.7 crore in equity on Nov 9
* NSE F&O Open Interest up by Rs 759 crore at Rs 93,528 crore
* FM says no plans to introduce further measures to control capital flows

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