Wednesday, November 14, 2007

Markets Strong. Time to Book Profits!!

The markets are still trading firm and the capital good, metal and banking stocks continue to be in the limelight today. However, all the BSE indices were trading in green with significant gains. Market breadth is till very strong on both NSE and BSE.

Top gainers on the Nifty are PNB at Rs 585.10 up 6.64%, Reliance Petroleum at Rs 229.80 up 5.87% and Bharti Airtel at Rs 878 up 5.24%.

Top losers on the Nifty are BPCL at Rs 354.35 down 2.06%, HPCL at Rs 253.30 down 2.05%.

Most active shares on NSE were Reliance Petro at Rs 229.80 with 22,795,495 shares, Reliance at Rs 2,772 with 1,549,154 shares and Reliance Natural at Rs 173.60 with 21,632,196 shares.



Mkts surge on strong global cues; bank, IT, metals up

The markets are trading strong following gap up opening on the back of strong cues from the global markets. All the key BSE indices were trading strong led by banking, metals and IT stocks. Market breadth was extremely strong and the volume impressive.

At 11 am, the Sensex is up 498.42 points or 2.62% at 19533.90, and the Nifty up 143.60 points or 2.52% at 5839. About 2254 shares have advanced, 728 shares declined, and 83 shares are unchanged.

Rupee was quoting at 39.34 against a US dollar. On NSE the advance decline ratio was in favour of advancing side. Over 950 stocks were up and about 150 stocks were declining.

Top gainers on the Sensex are Tata Steel at Rs 869.90 up 4.44%, Bharti Airtel at Rs 868.00 up 4.19% and ICICI Bank at Rs 1,222.35 up 3.93%.

Top losers on the Sensex are HUL at Rs 200.05 down 0.17%.

BSE IT index was up nearly 3% today and the major gainers were Infosys at 1,684 up 3.47%, TCS at 976.90 up 2.94% and Tech Mahindra at 1,051.70 up 2.49%.

Most active shares on BSE are Reliance Natural at Rs 174.50 with 3,618,502 shares, Reliance Petro at Rs 223.50 with 1,943,540 shares and Ispat Industries at Rs 46.05 with 6,625,531 shares.

Mkts open with huge gap up; Infy, ICICI Bank, RCom surge

The markets opened with a huge gap up on account of strong cues from the global markets. Broad based buying was seen in the early trade led by the capital goods, technology, metals and bank stocks.

At 9:56 am, Sensex was up 568 points at 19604 and Nifty was up 157 points at 5852. Major gainers in the early trade were Rel Comm, Rel Petroleum, Infosys, Bharti, TCS, ICICI Bank, Hindalco, NTPC, RIL, TCS and Wipro.

Asian markets surged today, boosted by a strong rebound on Wall Street overnight. Hong Kong's Hang Seng surged 3.41% or 948.36 points at 28,751.71, Japan's Nikkei gained 1.84% or 278.82 points at 15,405.45, Taiwan's Taiwan Weighted rose 2.8% or 244.29 points at 8,971.50, Singapore's Straits Times advanced 1.62% or 56.39 points at 3,531.86 and South Korea's Seoul Composite was up 1.48% or 28.67 points at 1,961.56.

US markets: The Dow rose 319.54 points, or 2.46%, to 13,307.09. The Standard & Poor's 500 index jumped 41.86 points, or 2.91%, to 1,481.04, and the Nasdaq composite index gained 89.52 points, or 3.46%, to 2,673.65.

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