The markets were trading strong and stable today. All the key BSE indices were trading in green led by capital goods, metal and oil & gas index.
At 10.20 am, the Sensex is up 200 points or 1.02% at 19790.78, and the Nifty up 64.40 points or 1.10% at 5911.70. About 2008 shares have advanced, 962 shares declined, and 92 shares are unchanged.
Market breadth was inclined towards the advancing stocks with over 830 stocks on the advancing sede and about 247 stocks on the downside. Rupee was quoting at 39.31 against a US dollar.
Top gainers on the Sensex are Hindalco at Rs 188 2.40%, Larsen & Toubro at Rs 4,383 up 2.23%, ONGC at Rs 1,327.50 up 2.19%.
Top losers on the Sensex are Satyam at Rs 463.10 down 0.18%.
Top gainers on the Nifty are Sterlite Inds at Rs 1,018 up 2.78%, ONGC at Rs 1,333 up 2.63% and Reliance Energy at Rs 1,858.35 up 2.25%.
Top losers on the Nifty are GlaxoSmithKline at Rs 1,036.25 down 0.91% and Tata Motors at Rs 740.05 down0.01%.
Most active shares on NSE are Reliance Natura at Rs 194.30 with 33,301,153 shares, Reliance Petro at Rs 271.05 with 8,684,029 shares and Reliance Energy at Rs 1,858.35 with 608,445 shares.
Mkts open on firm note; power, cap good stocks up
The markets opened on firm note today with very impressive market breadth. Broad based buying was witnessed in the early trade today led by capital goods, metal and power stocks.
At 9:56 am, Nifty was up 86 points at 5933 and Sensex was up 230 points at 19821. Major gainers in the early trade were Rel Petroleum, Rel Comm, RNRL, Bharti, NTPC, Sterlite, L&T, ACC and Reliance.
Market breadth on NSE was in favour of advancing stocks with over 340 stocks on the advancing side and around 75 stocks on the downside.
Asian markets trading mixed. Japan's Nikkei gained 0.52% or 85.01 points at 16,353.93, Taiwan's Taiwan Weighted was up 0.16% or 15.27 points at 9,323.87, South Korea's Seoul Composite rose 0.70% or 14.16 points at 2,029.92, However, Hong Kong's Hang Seng plunged 1.24% or 358.24 points at 28,584.08 and Singapore's Straits Times was flat at 3,671.68.
US markets: The Dow Jones industrial average fell 51.70 points, or 0.38%, at 13,543.40. Broader stock indicators also fell. The Standard & Poor's 500 index fell 7.48 points, or 0.50%, to 1,502.17, and the Nasdaq composite index fell 15.20 points, or 0.54%, to 2,795.18.
Tuesday, November 6, 2007
Reliance Communications and Microsoft have entered into an eight-year exclusive alliance for IPTV services, which the former plans to launch in India by March 2008.
RCom will pay up to $500 million to Microsoft in licence fees for the US company’s Mediaroom IPTV software platform.
“There is no other country where we have signed up an exclusive deal with anybody,” said Mr Steve Ballmer, CEO, Microsoft, at a press conference on Monday.
The deal will also be unique in terms of the scale of deployment that RCom is targeting, “India being a large country with a large population.”
RCom will provide the service first in Mumbai and Delhi, moving to 30 large cities subsequently, said Mr Anil D. Ambani, Chairman, RCom.
The service will be delivered through RCom’s fibre optic network, which covers 13,000 towns and five lakh villages in India.
However, officials from neither company would comment on the pricing strategy for the initiative.
The platform will enable Reliance’s IPTV service to deliver video-on-demand, digital video recording, instant channel changing and personal media sharing. Subscribers will be able to watch popular standard definition as well as high definition content.
The RCom scrip was down by 0.81 per cent on BSE to close at Rs 779.3 on Monday.
Monday, November 5, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Fertilisers & Ch | 34.25 | +19.96 |
| + HMT Ltd. | 70.00 | +14.94 |
| + Dredging Corpora | 1,054.95 | +10.00 |
| + National Fertili | 73.45 | +9.96 |
| + Engineers India | 988.60 | +9.35 |
Top Five Loser's
| + Finolex Cables | 75.05 | -6.07 |
| + Birla Corporation Lt | 305.45 | -5.08 |
| + ONGC | 1,299.05 | -4.91 |
| + Exide Inds. | 70.20 | -4.81 |
| + Jindal Saw | 778.90 | -4.63 |
The Asian markets closed weak today and the European markets were also trading relatively flat. The market was slightly choppy and the BSE Midcaps Index (up 0.7%) and Smallcaps INdex (up1.2%) dominated today. The Sensex closed at 19590, down 385 points while Nifty closed at 5847, down 85 points from the previous close. The market breadth was negative with advances at 585 against declines of 597 on the NSE. The Sensex gainers included Bharti Airtel, NTPC, SBI and Cipla, while the losers included ICICI Bank, Relaince Industries, Infosys and ONGC.
Worsening credit market seen in the next 2-3 weeks, says Jay Moghe of Opes Prime Asset Management, on NDTV Profit. A sell-off has been witnessed across Asian markets, he adds. The liquidity bubble due to the Federal rate cut led to the rise in the Asian markets, he says.
Reliance Communications ties up with Microsoft, to launch iPTV services in Mumbai and Delhi soon, says Anil Ambani, Chairman of ADAG (Anil Dhirubhai Ambani Group) while addressing a press conference with Microsoft CEO Steve Ballmer on NDTV Profit. Reliance Communications is currently trading at Rs 792, up 0.7% on the BSE.
Worsening credit market seen in the next 2-3 weeks, says Jay Moghe of Opes Prime Asset Management, on NDTV Profit. A sell-off has been witnessed across Asian markets, he adds. The liquidity bubble due to the Federal rate cut led to the rise in the Asian markets, he says.
Reliance Communications ties up with Microsoft, to launch iPTV services in Mumbai and Delhi soon, says Anil Ambani, Chairman of ADAG (Anil Dhirubhai Ambani Group) while addressing a press conference with Microsoft CEO Steve Ballmer on NDTV Profit. Reliance Communications is currently trading at Rs 792, up 0.7% on the BSE.
The Sensex is off almost 450 points and Nifty off almost 100 points from the dayÿs high. However, the broader market is strong on the back of the BSE Smallcap Index and BSE Midcap Index, both up nearly 1%. The Sensex is currently trading at 19512, down 449 points while Nifty is at 5832, down 100 points from the previous close. The market breadth is positive with advances at 593 against declines of 584 on the NSE.
The markets have lost further ground and continue to trade in deep red tracking its Asian peers. Selling pressure is seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
At 14.10 hrs IST, the Sensex is down 352.57 points or 1.76% at 19623.66, and the Nifty down 74.05 points or 1.25% at 5858.35.
About 1627 shares have advanced, 1342 shares declined, and 92 shares are unchanged.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1% and smallcap index is up 1.4%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, Cipla, SBI, NTPC, Tata Power, PNB and HPCL .
Noida Toll Bridge, Jaiprakash Hydro, RNRL, HMT are among the other gainers from broader markets.
Top losers on the indices are ONGC & ICICI Bank down over 4% each, HDFC Bank down 3%, Infosys and GlaxoSmithKline.
Markets slip: Auto, bank, oil & gas, IT stocks down
The markets are trading weak on account of selling pressure seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
At 1:09 hrs IST, the Sensex is down 231.75 points or 1.16% at 19744.48, and the Nifty down 45.10 points or 0.76% at 5887.30.
About 1792 shares have advanced, 1189 shares declined, and 80 shares are unchanged.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1.7% and smallcap index is up 2%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, SBI, NTPC, Tata Power PNB and HPCL .
Top losers on the indices are ONGC, ICICI Bank, HDFC Bank, Infosys and GlaxoSmithKline.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Markets quiet; realty, metal index firm
The markets are trading very quiet. IT, auto and FMCG stocks are under pressure, however realty and metal index are trading firm with over 1% gains.
Rupee was trading at 39.32 against US dollar. Market breadth was positive on NSE with nearly 800 stocks on the advancing side and about 350 stocks on the decline side.
At 11.28 am, the Sensex is down 59.39 points or 0.30% at 19916.84, and the Nifty up 14.70 points or 0.25% at 5947.10. About 1790 shares have advanced, 1176 shares declined, and 95 shares are unchanged.
Top gainers on the Nifty are Tata Power at Rs 1,375 up 5.42%, PNB at Rs 570.05 up 5.23% and HPCL at Rs 248 up 3.64%. BSE Realty and Metal index was up over 1%.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Top losers on the Nifty are ONGC at Rs 1,337 down 2.14%, Infosys at Rs 1,880 down 1.94% and GlaxoSmithKline at Rs 1,037 down 1.92%.
BSE midcap and smallcap have been outperforming the Sensex. BSE midcap was up 1.52% at 8143.25 and smallcap was up 2.04% at 9940.71.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Hindustan Lever was trading at Rs 194.80 down 0.49%, Reliance was trading at Rs 2,681.00 down 1.17%, Infosys was trading at Rs 1,881.00 down 1.43%, ITC was trading at Rs 174.55 down 0.46% and HPCL was trading at Rs 248.00 up 3.7%.
Mkts turn volatile; Auto, oil & gas stocks weak
The markets are trading weak amid volatility. It lost further ground on account of some more selling seen in the oil & gas, auto and FMCG stocks. However, realty, metal and capital good stocks are still holding up firmly.
The markets breadth was positive with nearly 750 stocks on the advancing side and about 325 stocks on the decline side on NSE. Rupee was quoting at 39.34 against US dollar. BSE Midcap and the smallcap index have outperformed the sensex today.
At 11 am, the Sensex is down 99.38 points or 0.50% at 19876.85, and the Nifty down 3.95 points or 0.07% at 5928.45. About 1817 shares have advanced, 1139 shares declined, and 105 shares are unchanged.
Top gainers on the Nifty are PNB at Rs 565.10 up 4.32%, VSNL at Rs 528.50 up 3.57% and Reliance Petro at Rs 276.90 up 2.71%.
Top losers on the Nifty are ONGC at Rs 1,321.90 down 3.25%, ICICI Bank at Rs 1,297.95 down 2.66% and HDFC Bank at Rs 1,733.90 down 2.07%.
Most active shares on NSE are Reliance Natural at Rs 162.35 with 39,250,804 shares, Reliance Petroleum at Rs 277.20 with 17,924,002 shares and Reliance Inds at Rs 2,692 with 632,559 shares.
Mkts open with modest cut; Bharti, Tata Motors down
The markets opened on a quiet note in line with its Asian peers. Sensexn and Nifty both opened with modest cut today. At 9:56 am, Sensex was down 16 points at 19,959 and Nifty was down 9 points at 5923. Major gainers in the early trade were Rel Comm, Rel Petroleum, SBI, RIL, L&T. However, ONGC, Bharti, HDFC Bank, Tata Motors, Bajaj Auto and ITC were trading with modest cut.
Asian markets mostly declined today. Hong Kong's Hang Seng fell 0.69% or 209.94 points at 30,258.40, Japan's Nikkei plunged 0.94% or 154.84 points at 16,362.64, Taiwan's Taiwan Weighted declined 0.92% or 84.88 points at 9,188.21, Singapore's Straits Times was down 0.40% or 14.81 points at 3,700.51 and South Korea's Seoul Composite tumbled 0.33% or 6.72 points at 2,012.62.
The markets have lost further ground and continue to trade in deep red tracking its Asian peers. Selling pressure is seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
At 14.10 hrs IST, the Sensex is down 352.57 points or 1.76% at 19623.66, and the Nifty down 74.05 points or 1.25% at 5858.35.
About 1627 shares have advanced, 1342 shares declined, and 92 shares are unchanged.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1% and smallcap index is up 1.4%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, Cipla, SBI, NTPC, Tata Power, PNB and HPCL .
Noida Toll Bridge, Jaiprakash Hydro, RNRL, HMT are among the other gainers from broader markets.
Top losers on the indices are ONGC & ICICI Bank down over 4% each, HDFC Bank down 3%, Infosys and GlaxoSmithKline.
Markets slip: Auto, bank, oil & gas, IT stocks down
The markets are trading weak on account of selling pressure seen in select bank stocks like ICICI Bank and HDFC Bank and heavyweight like ONGC accompanied by the FMCG duo ITC and HUL.
Cues from Asia are not very encouraging as most of the Asia closing in red. Hang Seng down 1450 points or 5%, Shanghai down 2.5%, Straits and Thailand were down nearly 2% each.
Most of BSE sector indces are trading in red IT, auto, oil & gas and FMCG stocks were among top laggards, however realty, metal and capital goods index are trading flat.
At 1:09 hrs IST, the Sensex is down 231.75 points or 1.16% at 19744.48, and the Nifty down 45.10 points or 0.76% at 5887.30.
About 1792 shares have advanced, 1189 shares declined, and 80 shares are unchanged.
Broader markets have held out and BSE midcap and smallcap have been outperforming the Sensex. The midcap index is up 1.7% and smallcap index is up 2%. Market breadth was positive.
Rupee was trading at 39.32 against US dollar.
Top gainers on the indices are Ranbaxy, Bharti Airtel, SBI, NTPC, Tata Power PNB and HPCL .
Top losers on the indices are ONGC, ICICI Bank, HDFC Bank, Infosys and GlaxoSmithKline.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Markets quiet; realty, metal index firm
The markets are trading very quiet. IT, auto and FMCG stocks are under pressure, however realty and metal index are trading firm with over 1% gains.
Rupee was trading at 39.32 against US dollar. Market breadth was positive on NSE with nearly 800 stocks on the advancing side and about 350 stocks on the decline side.
At 11.28 am, the Sensex is down 59.39 points or 0.30% at 19916.84, and the Nifty up 14.70 points or 0.25% at 5947.10. About 1790 shares have advanced, 1176 shares declined, and 95 shares are unchanged.
Top gainers on the Nifty are Tata Power at Rs 1,375 up 5.42%, PNB at Rs 570.05 up 5.23% and HPCL at Rs 248 up 3.64%. BSE Realty and Metal index was up over 1%.
In the metal sector, Jindal Steel at 13,150 up 3.86%, JSW Steel at 948.90 up 2.69% and Sesa Goa at 3,730 up 2.11% were the top gainers. In realty counter, HDIL at 715.30 up 5.03%, Parsvanth at 337 up at 3.18% and Omaxe at 313.20 up 2.71% were the top gainers.
Top losers on the Nifty are ONGC at Rs 1,337 down 2.14%, Infosys at Rs 1,880 down 1.94% and GlaxoSmithKline at Rs 1,037 down 1.92%.
BSE midcap and smallcap have been outperforming the Sensex. BSE midcap was up 1.52% at 8143.25 and smallcap was up 2.04% at 9940.71.
Reliance Natural, Reliance Industries and Rel Petroleum were the most active stocks on NSE as well as BSE.
Hindustan Lever was trading at Rs 194.80 down 0.49%, Reliance was trading at Rs 2,681.00 down 1.17%, Infosys was trading at Rs 1,881.00 down 1.43%, ITC was trading at Rs 174.55 down 0.46% and HPCL was trading at Rs 248.00 up 3.7%.
Mkts turn volatile; Auto, oil & gas stocks weak
The markets are trading weak amid volatility. It lost further ground on account of some more selling seen in the oil & gas, auto and FMCG stocks. However, realty, metal and capital good stocks are still holding up firmly.
The markets breadth was positive with nearly 750 stocks on the advancing side and about 325 stocks on the decline side on NSE. Rupee was quoting at 39.34 against US dollar. BSE Midcap and the smallcap index have outperformed the sensex today.
At 11 am, the Sensex is down 99.38 points or 0.50% at 19876.85, and the Nifty down 3.95 points or 0.07% at 5928.45. About 1817 shares have advanced, 1139 shares declined, and 105 shares are unchanged.
Top gainers on the Nifty are PNB at Rs 565.10 up 4.32%, VSNL at Rs 528.50 up 3.57% and Reliance Petro at Rs 276.90 up 2.71%.
Top losers on the Nifty are ONGC at Rs 1,321.90 down 3.25%, ICICI Bank at Rs 1,297.95 down 2.66% and HDFC Bank at Rs 1,733.90 down 2.07%.
Most active shares on NSE are Reliance Natural at Rs 162.35 with 39,250,804 shares, Reliance Petroleum at Rs 277.20 with 17,924,002 shares and Reliance Inds at Rs 2,692 with 632,559 shares.
Mkts open with modest cut; Bharti, Tata Motors down
The markets opened on a quiet note in line with its Asian peers. Sensexn and Nifty both opened with modest cut today. At 9:56 am, Sensex was down 16 points at 19,959 and Nifty was down 9 points at 5923. Major gainers in the early trade were Rel Comm, Rel Petroleum, SBI, RIL, L&T. However, ONGC, Bharti, HDFC Bank, Tata Motors, Bajaj Auto and ITC were trading with modest cut.
Asian markets mostly declined today. Hong Kong's Hang Seng fell 0.69% or 209.94 points at 30,258.40, Japan's Nikkei plunged 0.94% or 154.84 points at 16,362.64, Taiwan's Taiwan Weighted declined 0.92% or 84.88 points at 9,188.21, Singapore's Straits Times was down 0.40% or 14.81 points at 3,700.51 and South Korea's Seoul Composite tumbled 0.33% or 6.72 points at 2,012.62.
IDBI has a strong pattern on the charts, says MB Singh, technical analyst, on Zee Business. It is currently trading close to its all-time highs, and once it breaks these levels, then it can easily move up another 20-30%, he says. The stock is currently trading at Rs 161.15, up 1.4% on the BSE.
Unitech has the potential to go to Rs 460-500 levels, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 383, up 1.6% on the BSE.
If Nagarjuna Fertilisers crosses Rs 65, the it can go to Rs 68-69 easily, says Vijay Bhambwani, technical analyst, on CNBC-TV18. And on the downside, unless it does not fall below Rs 48, there is no need for a momentum trader to worry, he adds.
Unitech has the potential to go to Rs 460-500 levels, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 383, up 1.6% on the BSE.
If Nagarjuna Fertilisers crosses Rs 65, the it can go to Rs 68-69 easily, says Vijay Bhambwani, technical analyst, on CNBC-TV18. And on the downside, unless it does not fall below Rs 48, there is no need for a momentum trader to worry, he adds.
It is a quiet start for the market on Monday. The Nifty started opened on the lower side, whereas the Sensex on the upper. The BSE 30-share index is currently trading at 19,917, down 58 points and the Nifty is at 5906, down 25 points from the previous close.
If the Nifty falls below 5850, then it can go down to 5770, says a technical analyst, on Zee Business.
The market has some more upside left, but it is close to its near-term top, which might be attained in the next 2-3 days, says Deepak Jasani of HDFC Securities, on CNBC Awaaz. He therefore suggests booking profits now.
If the Nifty falls below 5850, then it can go down to 5770, says a technical analyst, on Zee Business.
The market has some more upside left, but it is close to its near-term top, which might be attained in the next 2-3 days, says Deepak Jasani of HDFC Securities, on CNBC Awaaz. He therefore suggests booking profits now.
Subscribe to:
Posts (Atom)