Sensex ends on flat note; auto, IT, banks lead

Stock brokers rejoice as BSE sensex extended its gains.

Equities ended lacklustre session on a flat-to-positive note Wednesday after a recent rally backed by global markets.

Bombay Stock Exchange’s Sensex ended at 17441.23, up 28.40 points or 0.16 per cent. The 30-share index hit a high of 17530.38 and low of 17407.30.

National Stock Exchange’s Nifty closed at 5228.15, up 5.8 points or 0.11 per cent. The index touched a high of 5255.65 and low of 5214.90.

BSE Midcap Index was up 0.01 per cent and BSE Smallcap Index advanced 0.12 per cent.

Amongst the sectoral indices, BSE Auto Index moved 1.34 per cent higher and BSE IT Index gained 0.78 per cent. BSE PSU Index slipped 0.84 per cent and BSE FMCG Index declined 0.59 per cent.

M&M (4.30%), ICICI Bank (2.55%), Sterlite Industries (2.17%) Tata Motors (2.10%) and HDFC (1.81%) led the Sensex upmove.

Auto major Tata Motors today said its global sales increased by 50 per cent in May to 79,819 units on robust demand for both commercial and passenger vehicles. Sales of luxury models from Jaguar Land Rover stood at 19,053 units during May, up 72 per cent from the same period last year, the company said in a statement.

HUL (-1.88%), ACC (-1.79%), Cipla (-1.44%), Bharti Airtel (-1.32%) and Tata Steel (-1.28%) resisted the upmove.

Market breadth was positive on the BSE with 1504 advances against 1318 declines.

Source http://economictimes.indiatimes.com/Sensex-ends-on-flat-note-auto-IT-banks-lead/articleshow/6054418.cms

Sensex surges 273pts on global cues

The Indian bourses ended on a buoyant note tracking firm global cues and on strength in the IT stocks.

The BSE benchmark index opened at 17,118 on firm Asian cues. The Asian stocks rose to their one-month high led by rally in the technology stocks. The Sensex continued to exhibit sideways movement till the noon trades. The markets pared gains initially after the May inflation data which was at 10.16% and on some amount of profit booking in the realty space.

However the European markets also opened in the green and it helped to boost the sentiments in the domestic markets. Major indices like the CAC, DAX and FTSE were up 1.5% each. Buying in the IT, oil&gas and metal stocks helped the Sensex to extend gains.

The Sensex finally ended at 17,338, up 273 points and the Nifty settled at 5,197, up 78 points.

The market breadth was positive, out of 2,966 shares traded, 1,869 advanced and 966 declined on the BSE.

All the sectoral indices barring the healthcare index has ended in the green. The IT index surged 3.5% to 5,351 and the oil&gas index was up 2%, respectively.

Infosys and Wipro soared 4% each to Rs 2,747 and Rs 673, respectively on the BSE IT index.RNRL zoomed 17% to Rs 61 on the oil&gas index. The midcap and the smallcap indices are up 1% each.

INDEX GAINERS...

Reliance Infrastructure and Reliance Communications zoomed 4% each to Rs 1,159 and Rs 179, respectively on the BSE. Metal scrips like Sterlite Industries, Hindalco and Tata Steel gained over 2.5% each.

The other prominent gainers on the Sensex were ITC, Reliance Industries and Larsen & Toubro, up 1.5% each.

...AND THE SHAKERS

Bharti Airtel has slipped 2% to Rs 270. Tata Motors and BHEL were down 0.5% each.

VALUE & VOLUME TOPPERS

RNRL topped the value chart on the BSE with a turnover of Rs 176.60 crore. It was followed by Reliance Capital (Rs 93.95 crore), Tata Steel (Rs 81.40 crore), Reliance (Rs 71.08 crore) and Reliance Infrastructure (Rs 66.06 crore).

RNRL led the volumes chart on the BSE with trades of 30.39 million shares. It was followed by Karuturi Global (27.64 million), HFCL Infotel (19.24 million), Spice jet (12.66 million) and Shree Astavinayak (8.62 million).

Source http://www.business-standard.com/india/news/sensex-surges-273ptsglobal-cues/97847/on

Sensex ends 142 points up, RIL gains 3%

People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai January 24, 2008.

Credit: Reuters/Punit Paranjpe/Files

The Indian markets closed in the green on the back of positive global and domestic cues to end the week on a positive note. The Sensex and Nifty both gained close to 0.8 per cent up in trade today.

The Sensex gained 142 points to 17,064 and the Nifty added 40 points and was trading at 5,119 mark.

Among the sectoral indices, the gains were led by the capital goods index on the back of strong IIP growth. The IIP for April grew at 17.6 per cent vs 13.5 per cent (month on month). Capital goods grew at 72.8 per cent (year on year).

Banking stocks gained 1.04 per cent on expectations of strong credit offtake as the economy betters. Oil and gas stocks gained 1.67 per cent after RIL rose 3 per cent. The company discovered more oil in the Cambay basin.

RIL also gained on reports that it had acquired controlling stake in Infotel. The company confirmed, after market hours, that it had acquired 95 per cent in Infotel for Rs 4,800 crs. Infotel is a business venture of HFCL group. HFCL gained 4.98 per cent. This paves the way for Mukesh Ambani to enter the telcom services sector.

Realty stocks like HDIL, DB Realty and Ackruti gained after the Mumbai HC turned down Maharashtra's government's order to increase the Floor space index (FSI) from 1 to 1.33. Ackruti City rose 3.03 per cent and HDIL gained 6.74 per cent.

The broader markets underperformed but stayed in the green with the BSE small cap index up 0.44 per cent and the mid cap gaining 0.28 per cent. The market breadth was positive with 51 per cent stocks rising on the BSE.

RIL, BHEL and M&M were the top gainers on the BSE. Bharti Airtel was down 3.75 per cent after rising for two days. Sterlite Industries, ACC and Reliance Infra were the other losers.

M&M has been the top gainer for the week. The company is planning to enter into the small car segment. The stock rose 2.11 per cent. Fortis Healthcare rose 7.97 per cent. The company is raising funds for a possible acquisition of Parkway in Singapore.

The Standard Chartered IDR was listed today. The issue price was Rs 104 and the stock was listed at Rs 105 per share.

The European markets opened flat with a positive bias. France's CAC 40 was up 0.70 per cent, Germany's DAX gained 0.06 per cent and the FTSE was up 0.79 per cent.

Asian stock markets closed with gains mostly after China's trade grew in May. The Nikkei 225 rose 162 points, or 1.70 per cent, to 9,705. Japan's economy has grown faster in the first quarter of this year. South Korea's Kospi index increased 1.43 per cent. The Chinese markets were up. The Shanghai Composite rose 0.29 per cent and Shenzen 300 gained 0.32 per cent.

Trading in Dow futures indicated that the index might open flat. The Dow futures were trading up 0.20 per cent at 10,166.

Overnight, the Dow rose 273 points or 2.8 per cent to 10, 172 on the back of China's growth numbers and a rise in energy stocks.

Read more at: http://beta.profit.ndtv.com/news/show/sensex-ends-142-points-up-ril-gains-3-73609?cp

Sensex trims gain amid volatile session

The Hindu A broker watches the trading screen in Mumbai. Sensex went up by 66 points in morning trade on Wednesday.

Indian markets turned choppy in late session after staging a smart rally earlier. The benchmark indices were still in red but the Nifty slipped below its 200 DMA.

The Sensex and Nifty were up by by a quarter of a per cent at 2.30 pm.

Among the sectoral indices, FMCG led the losses. The index was down 2.24 per cent after leading the gains on Tuesday. ITC slid 3.05 per cent. Oil and gas made came back strongly after losing ground on Tuesday. ONGC gained 1.66 per cent. The broader markets were in the green too with the BSE mid cap up 0.36 per cent and the small cap gaining 0.31 per cent. The breadth of the market was positive with 52 per cent stocks advancing on the BSE.

Among the buzzing stocks, Marico gained 7.43 per cent. Bajaj Finserv rose 4.51 per cent on reports that Warren Buffet was looking to buy a stake in the company.

Bharti gained 5.02 per cent. The company announced that it had completed the acquisition of Zain's African business on Tuesday. However, the stock's rating was downgraded to BB+ by S&P today.

ACC, Tata Steel and Sterlite Industries rose on the Sensex while Tata Power, Wipro and Infosys were the main losers.

European stocks were trading with marginal gains. The CAC 40 was up 0.38 per cent, German DAX gained 0.19 per cent and FTSE added 0.09 per cent.

Asian stock markets were weak but pared losses towards the day's end. Japan's benchmark Nikkei 225 was down 98 points, or 1.04 per cent, to 9,403. South Korea's Kospi was down 0.26 per cent to 1,647.

The Chinese markets were in the green with the Shanghai Composite gaining 2.95 per cent and the Shenzen 300 adding 3.24 per cent.

The Dow Jones rose 123 points, or 1.3 per cent, to 9,939 after Fed Chairman Ben Bernanke's reassuring comments on the U.S. economic recovery.

Source http://beta.profit.ndtv.com/news/show/sensex-trims-gain-amid-volatile-session-72666

Read more at: http://beta.profit.ndtv.com/news/show/sensex-trims-gain-amid-volatile-session-72666?cp

Sensex, Nifty rangebound; FMCG stocks slide

Indian markets opened flat for a second consecutive day today and continued to be range bound. The Sensex and Nifty were up 0.15 per cent but lacked any conviction in the absence of strong global or domestic cues.

The Sensex was trading at 16,638 while the Nifty kept flirting with the psychological 5,000 mark though still trading below its 200 day moving average at 11.15 am.

Among the sectoral indices, FMCG led the losses. The index was down 1.88 per cent after leading the gains on Tuesday. ITC slid 3.45 per cent. Oil and gas made came back strongly after losing ground on Tuesday. ONGC gained 2.27 per cent. The broader markets were in the green too with the BSE mid cap up 0.60 per cent and the small cap gaining 0.53 per cent. The breadth of the market was positive with 62 per cent stocks advancing on the BSE.

Among the buzzing stocks, Bajaj Finserv rose 5.97 per cent on reports that Warren Buffet was looking to buy a stake in the company. Bharti gained 4.91 per cent.
The company announced that it had completed the acquisition of Zain's African business on Tuesday. However, the stock's rating was downgraded to BB+ by S&P today.

ACC, M&M and DLF rose on the Sensex while Tata Power, Tata Motors and Wipro were the main losers.

Asian stock markets were weak as Europe's debt crisis stunted enthusiasm despite the Dow ending higher after two sessions of extensive losses.

Japan's benchmark Nikkei 225 was down 133 points, or 1.40 per cent, to 9,403. South Korea's Kospi was down 0.59 per cent to 1,641.

The Chinese markets were lower with the Shanghai Composite down 0.22 per cent and the Shenzen 300 lower by 0.15 per cent.

The Dow Jones rose 123points, or 1.3 per cent, to 9,939 after Federal Reserve Chairman Ben Bernanke's reassuring comments on the U.S. economic recovery.

Source http://beta.profit.ndtv.com/news/show/sensex-nifty-rangebound-fmcg-stocks-slide-72615

Read more at: http://beta.profit.ndtv.com/news/show/sensex-nifty-rangebound-fmcg-stocks-slide-72615?cp

Sensex gains further; oil& gas stocks hit

Indian equities opened in the positive Tuesday, tracking gains in Asia after US Federal Reserve Chairman Bernanke said the economic recovery is intact.

Japan’s Nikkei was up 0.70 per cent, Topix was higher by 0.42 per cent, Hang Seng gained 0.32 per cent and Singapore’s Strait Times inched up 0.18 per cent.

At 9:40 am, the Sensex was up 81.11 points or 0.48 per cent at 16,862.18. The Bombay Stock Exchange sensitive index opened marginally lower at 16,760.60 against previous close of 16,781.07. The 30-share index moved between a high of 16,872.88 versus a low of 16,757.23.

Nifty was trading at 5059.50, higher by 25.5 points or 0.51 per cent. The National Stock Exchange benchmark opened the day flattish at 5036.70 versus Monday’s close of 5034. The 50-share index moved between 5064.40 and 5028.30.

“In line with mixed global markets, today we may see flat opening. Nifty support has shifted to psychological 5000 levels and if it sustains below these levels then we may see selling pressure till 4950 or even lower. On the upside if Nifty has sustains above 5050 levels then we may see recovery towards 5080-5100 levels,” said brokerage Anand Rathi.

Oil and gas stocks were lower after the government postponed a decision on raising fuel prices on Monday. However, a panel of ministers led by Finance Minister Pranab Mukherjee is set to meet again to take a final decision.

The BSE Oil & Gas Index was down 0.49 per cent, weighed down by losses in HPCL (-3.42%), BPCL (-3.19%), Indian Oil (-3.16%), ONGC (-1.61%), Essar Oil (-1.22%).

All other sector indices were in the positive, with the BSE FMCG Index gaining the most by 1.39 per cent.

Top Sensex gainers were Hindustan Unilever (1.89%), State Bank of India (1.65%), Maruti Suzuki (1.36%), Sterlite Industries, DLF, ACC, Hindalco Industries, ITC, Jaiprakash Associates, Tata Motors, HDFC, BHEL, Reliance Infra, among others.

The only losers among the 30 Sensex stocks, besides ONGC, were Reliance Communications (-0.68%), Bharti Airtel (-0.50%), Infosys Technologies (-0.40%) and ICICI Bank (-0.11%).

Source http://economictimes.indiatimes.com/markets/stocks/market-news/Sensex-gains-further-oil-gas-stocks-hit/articleshow/6022407.cms

Sensex falls 400 points on weak global cues

Indian markets opened with a gap-down Monday as jobs data from the US and as debt crisis in Hungary hurt sentiments. All the sectoral indices were in the red led by metals, realty and auto stocks.

At 9:10 am, Bombay Stock Exchange’s Sensex was at 16736.99, down 380.70 points or 2.22 per cent. The index hit a low of 16686.73 and high of 17069.77 in early trade.

National Stock Exchange’s Nifty was at 5020.45, down 115.05 points or 2.24 per cent. The 50-share index hit a low of 5004.25 and high of 5132.95 in trade so far.

Broader markets were also witnessing selling pressure. BSE Midcap Index fell 2.13 per cent and BSE Smallcap Index moved 2.08 per cent lower.

Amongst the sectoral indices, BSE Realty Index was down 3.77 per cent, BSE Metal Index declined 3.74 per cent and BSE Auto Index fell 2.56 per cent.

Hindalco Industries (-5.11%), DLF (-4.58%), Sterlite Industries (-4.31%), Tata Motors (-3.56%), Reliance Infrastructure (-3.51%) were the top Sensex losers.

Reliance Communications (2.82%) and ONGC (1.28%) were the only two gainers.

The Reliance Communications board gave its approval to divestment of 26% in the company to a strategic or private equity investor and exploring merger and acquisition opportunities, the company said in a statement on Sunday.

Shares of oil&gas companies are likely to be in action as empowered group of ministers (EGoM) will meet to discuss deregulation of petrol, diesel and LPG prices today.

Meanwhile, the Asian markets were under pressure following disappointing economic reports from the US and Europe. Nikkei 225 fell 4.01 per cent, Taiwan Weighted was down 2.97 per cent and Hang Seng slipped 2.56 per cnet.

The US markets tumbled Friday on higher than expected unemployment in May's. The Dow Jones Industrial Average dropped 3.15 per cent, the Standard & Poor's 500 Index lost 3.44 per cent and the Nasdaq Composite Index fell 3.64 per cent.

Source http://economictimes.indiatimes.com/Market-News/articleshow/6018700.cms

Sensex erases early losses, up 116 points in morning trade

Erasing early losses, the Bombay Stock Exchange's benchmark index, Sensex, rose by almost 116 points in morning trade today as speculators covered pending short positions amid selective buying by funds.

The index, which lost 56.74 points in opening trade, bounced back by 115.91 points, or 0.70 per cent, to reach 16,503.75 points at 1045 hrs. Auto, capital goods and oil and gas sector stocks led the recovery.

Similarly, the wide-based National Stock Exchange index Nifty rose 32.25 points, or 0.65 per cent, to 4,949.65 points. Brokers said apart from covering up of outstanding short positions by speculators -- with today being the last session of monthly expiry in the derivatives segment -- buying by funds at select counters also helped stocks reverse the weak trend that had set in earlier in the day.

They added reports of a rebound on the other Asian bourses also influenced the trading sentiment. In the auto segment, Mahindra and Mahindra was being traded 2.95 per cent higher at Rs 534.75 after the company acquired a majority stake in electric car-maker REVA. Other gainers were Tata Motors, up 1.78 per cent at Rs 721.90, and Maruti Suzuki, which rose 0.76 per cent to Rs 1,208.40.

source http://www.hindustantimes.com/Sensex-erases-early-losses-up-116-points-in-morning-trade/H1-Article1-549111.aspx

Sensex cuts some losses but still in deep red

Indian markets pulled off from the day's low but were still trading in the red on weak global cues. The benchmark indices - Sensex and Nifty- both opened more than a per cent down. The Sensex was down 223 points while Nifty was trading 67 points down from yesterday's close.

Stocks have declined to the lowest in three months. The Nifty was trading below 4,900 for the first time since February 26 this year.

The S&P 500 Nifty and most Asian indices were trading below the 200 daily moving average (DMA). Among the sectoral indices, high beta realty and metal were the worst hit.

The Sensex and Nifty closed in the green yesterday despite negative global cues on the back of the oil and gas index doing well led by index heavyweight ONGC that gained 8 per cent. But there was no saviour for the Dalal Street today. ONGC recoverd from a 2.5 per cent slump and was trading down 0.65 per cent.

All the sectoral indices were trading in the red and the fall was led by metals and realty. Realty was down 2.9 per cent while metals lost 2.73 per cent. The market breadth was negative and the broader indices were in red. The BSE smallcap was down 2.1 per cent and BSE midcap was down 1.84 per cent.

Among individual stocks, Bank of Rajasthan rose 9.98 per cent while ICICI Bank fell 1.48 per cent.

Among the top gainers were Piramal Healthcare (3.9 per cent), Cipla (1.54 per cent), GAIL (1.81 per cent) and IOC (0.58 per cent). ITC was up 0.36 per cent. The company will announce its results today.

Among the losers were HDIL (4.3 per cent), Hindalco (4.25 per cent), Lanco Infra (4.22 per cent), IVRCL Infra (3.69 per cent), JP Associates (3.47 per cent).

Jaypee Infratech got listed BSE today at Rs 92. Its issue price was Rs 102.

Japan's benchmark index, the Nikkei 225, was down 2.79 per cent and was trading at 9,750. The Shanghai Composite was down 0.39 per cent while the Australian index, the S&P ASX 200 was down 0.58 per cent. The Australian market slumped to its 10 month low at one time.

Earlier, the S&P 500 broke its 200 day moving average while the Dow posted a 376 point decline, its biggest since March 5, 2009. Analysts said more investors seemed to be grasping the possibility that the U.S. recovery could be in jeopardy, and that many were realizing that the stock market's big rebound since March 2009 may not have been justified.

European markets fell for a second session on Thursday to a two-week closing low.