The Nifty gained strength in the last one hour of trade and closed at new 2009 highs

The Nifty gained strength in the last one hour of trade and closed at new 2009 highs of 4732.35 on the back of buying in shares of telecom, realty, oil & gas exploration, banking, private power and select metal companies. It crossed the earlier high of 4,731. Equity benchmarks started the day on a mildly positive note and witnessed volatility throughout the day, as a continuation of Thursday's consolidation. But in the last one hour of trade, it gained good strength. Both indices closed higher for the seventh consecutive session. Nearly 1-1.3% gains in European markets were also supportive. The 30-share BSE Sensex shut shop at 15,922.34, up 141.27 points or 0.9%, after seeing an intraday high of 15,957.67 and low of 15,663.35. The 50-share NSE Nifty rose 0.94% or 44.15 points, to settle at 4732.35. It touched a day's high/low of 4743.75 and 4651.40, respectively. This story will be updated soon. Please check it in a while... Continued on next page ... _PAGEBREAK_ Nifty hits fresh 2009 highs; realty, banks, metals gain At 14:27 hours IST, the Nifty extended gains and touched new 2009 highs. Its earlier high was at 4,731. Buying in realty, banking, oil & gas exploration, metal and private power companies' shares was helping the indices. The Sensex was moving towards the 16,000 mark. Positive European cues were also supportive to the indices. Among the largecaps, Bharti Airtel and DLF shot up 4.5-5%. SAIL, SBI, ICICI Bank, Cairn India, Sterlite, Idea and Reliance Infrastructure were up over 2% each. However, continued selling in NTPC, ITC, TCS, Infosys, Tata Power, Wipro, HCL Tech, Maruti, Sun Pharma and Ranbaxy Labs capped the gains. The Nifty was up 50 points, to 4,739 and the Sensex rose 162 points, to 15,942. The broader indices were up 0.7-0.9%; about 1573 shares advanced while 1278 shares declined on the BSE. Nearly 334 shares were unchanged. Top percentage gainers - Dalmia Cement, Compuage Info, GM Breweries and Bhagyanagar Industries were up 20% each. Trent (W), ILandFS and Madhucon Projects gained 13-19%. Top percentage losers - Bhuwalka Steel, Aries Agro, Jyothy Labs, Panasonic Carbon, Bhartiya International, Vardhman Holdings, Suven Life Sciences and Tamil Newsprint fell 6-8%. Nifty consolidates; TCS, Infy, NTPC, ITC, Wipro, HDFC slip At 1:45 hours IST - the Sensex was consolidating at current levels for the second consecutive day. Equity benchmarks were hovering around their previous closing values. The broader indices were also quiet in trade. Realty stocks were seeing buying interest while technology was under pressure. There was a mixed trend in other sectors. TCS, Infosys, NTPC, ITC, BHEL, Wipro, HDFC, Tata Power and HDFC Bank were negative contributors on the Nifty while Bharti Airtel, DLF, SAIL, SBI, ICICI Bank, Hindalco, Unitech, Reliance Infrastructure and PNB were leading counters. The Sensex was down just 4.5 points at 15,776 and the Nifty was flat at 4,687. They were not reacting to the positive European cues, which were up 0.6-1%. The broader indices were up just 0.3% each. In the midcap space, 7.5-10% while TV18, Redington, Deccan Chronicle, Koutons Retail and India Infoline fell 3-3.8%. In the smallcap space, Dalmia Cement locked at 20% upper circuit. Bhagyanagar Industries, Madhucon Projects, ILandFS and Dhanalakshmi Bank were up 12-15%. However, Suven Life Sciences, Jyothy Labs, Tamil Newsprint, Shrenuj & Company and JMD Telefilms lost 5-7%. KEC International jumped 8.85% as it bagged orders worth Rs 780 crore. The company told CNBC-TV18 that its order book would cross Rs 5,500 crore and expected to maintain margins at 10%. CESC shot up 7.32%. The company said it acquired just over 50% stake in DIPL and would increase stake to 100% gradually. UCO Bank was up 4% and volumes surged 290% to 1,029,536 shares, compared to its 5-day average of 263,337 shares. The company is planning to raise Rs 650 crore via FPO (follow on public offer). On the next page - see how Indian markets performed in the last couple of hours _PAGEBREAK_ Sensex choppy; Bharti Airtel, DLF, Hindalco top gainers At 12.48 pm today, the Sensex was trading with some volatility. Selling pressure was seen in IT, FMCG and pharma stocks. However, realty, capital goods, banking stocks were witnessing buying interest. Reliance, Infosys, HDFC, ITC and HDFC Bank were the negative contributors to the Sensex. The Sensex was down 31.08 points or 0.20% at 15749.99, and the Nifty was down 19.20 points or 0.41% at 4669. The markets breadth was positive, about 1497 shares advanced, 1339 shares declined, and 348 shares were unchanged. The risks for the stock market are building up and the markets are still being in an optimistic mode, so one could see a correction ahead, believes Devina Mehra of First Global. “That’s the market’s way of tricking you.” Top gainers on the Sensex were Bharti Airtel at Rs 429 up 3%, DLF at Rs 402.40 up 2.56%, Hindalco at Rs 107.65 up 1.56%, Reliance Infra at Rs 1,153.90 up 1.20% and Jaiprakash Asso at Rs 221.85 up 1.19%. Top losers on the Sensex were TCS at Rs 533.10 down 2.11%, ITC at Rs 235.15 down 1.94%, Tata Power at Rs 1,331 down 1.92%, Infosys at Rs 2,148 down 1.91% and NTPC at Rs 208 down 1.72%. Top gainers on the BSE Midcap - Thomas Cook, KEC Int, OnMobile Global, CESC and Thermax were up 6-11%. Top gainers on the BSE Smallcap - Dalmia Cement, Bhagyanagar Ind, Madhucon Projec, Indo Rama Synth and ILandFS were up 10-20%. On the next page - see how Indian markets performed in the last couple of hours _PAGEBREAK_ Nifty rangebound; broader indices outperform At 11:53 hours IST, the Nifty was rangebound at 4680-4713 and the Sensex was moving in a band of 15,770-15,820. The broader indices continued to outperform the benchmark indices; up nearly 1% each. Selling in technology stocks along with NTPC, BHEL, ITC, Tata Power, Axis Bank, Sun Pharma, Tata Steel, Grasim and Tata Communciation capped the gains. However, Bharti Airtel extended gains and was up 3.4%. SBI, ICICI Bank, PNB, L&T, Siemens, Suzlon Energy, Reliance Infrastructure, Reliance Power, DLF and Unitech were witnessing buying interest. Cairn India, Reliance Industries, Tata Motors, SAIL, ACC, HUL and Sterlite were the other gainers. The Sensex was up 6 points, to 15,786 and the Nifty was flat at 4,687. About 1655 shares advanced while 1143 shares declined on the BSE. Nearly 386 shares were unchanged. Top percentage gainers - Dalmia Cement and GM Breweries locked at 20% upper circuit. Trent (W), Bhagyanagar Industries, Compuage Info, Indo Rama Synthetics and ILandFS were up 13-19%. Top percentage losers - Shri Baj Alloys, Aries Agro, Morganite India, Panasonic Carbon, Tamil Newsprint, Suven Life Sciences, Bhartiya International and Action Construction fell 5-9.5%. Tata Steel, Mahindra Satyam, Unitech, Aban Offshore, DLF and Bharti Airtel were most active shares on the exchanges. On the next page - see how Indian markets performed in the last couple of hours _PAGEBREAK_ Sensex volatile; tech, Tata pack slip, realty, banks gain At 10:38 hours IST, the Nifty was trading with marginal gains and was hovering around important level of 4700. However, the markets were extremely volatile in trade. Bharti Airtel continued to trade higher with over 2% gain on the back of likely deal with South Africa's MTN. It was up nearly 3% yesterday. Shares of oil & gas exploration were also witnessing buying interest, as crude went up 1.5% and was trading above USD 72.5 a barrel on the Nymex. DLF, Unitech, SBI, L&T, SAIL, ICICI Bank, HUL, Siemens, HDFC, Sterlite, Maruti, Cipla, Hero Honda, Idea, Reliance Infrastructure and Reliance Power were the other gainers. However, sellling was seen in technology stocks. NTPC, BHEL, ITC, Tata Power, Tata Steel, Tata Motors, Sun Pharma, Axis Bank and Nalco were the other losers. The Sensex rose 42 points, to 15,823 and the Nifty up 9 points, to 4,697. The broader indices were outperforming the benchmark indices; up 1% each. About 815 shares advanced while 345 shares declined on the NSE. In the midcap space, OnMobile Global, Thermax, CESC, JM Financial and P & G gained 5-9% while HOEC, Deccan Chronicle, GMDC, STC India and Motherson Sumi fell 2-4%. In the midcap space, Bhagyanagar Industries, Dalmia Cement, Dhanalakshmi Bank, Amtek India and Jagatjit Industries were up 8-13%. However, Tamil Newsprint, Suven Life Sciences, JMD Telefilms, Ruch Infra and Timken were down 4.5-7%. Nifty trades above 4700 amid volatility; capital goods up The Sensex started the first day of September series on a positive note on the back of buying in capital goods, pharma and power stocks. It was trading above the 15800 mark and the Nifty was above the 4700 level. Positive US cues were also supportive to the markets. At 9:56 am, the Sensex rose 89 points, to 15,867 and the Nifty up 25 points, to 4,713 25. The CNX Midcap gained 70 points at 6,133. Among the frontliners, Cairn India (crude up 1.5%), SAIL, Bharti Airtel, Cipla, Siemens, ICICI Bank, L&T (above Rs 1600 a share), Wipro, M&M, Reliance Power, Grasim, Ranbaxy, Suzlon Energy, Idea Cellular and Idea Cellular were the gainers. However, Tata Steel fell another 2% on disappointing set of numbers for Q1FY10. It had lost 5% yesterday.   Sun Pharma, GAIL, Infosys and Nalco were also in the red. Midcap space Amtek India and Maytas Infra were up 5% each. Birla Power, Fame India, Lanco Infratech, Uco Bank and IDBI Bank were up 2-4%. Aban Offshore rose another 1.7%. Bajaj Hindusthan and Balrampur Chini went up 2% each. Bombay Rayon and Datamatics went up 3% each.  Ansal Properties was up 2% ahead of board meeting. Noida Toll rose 2%. Global cues: Asian markets were trading mixed. Shanghai lost 2.5% and Hang Seng down 0.5%. Straits Times fell 0.22%. However, Jakarta, Nikkei and Kospi gained 0.2-0.4%. Taiwan Weighted was up 1.6%. The US markets recovered from the day's low to end at day's high on the back of positive economic data. Commodities rebounded on weakness in dollar and crude was back above $72/bbl. The Dow Jones Industrial Average was up 37 points or 0.4% at 9,580; the Nasdaq Composite rose 3.3 points or 0.16% to 2,028 and the S&P 500 Index was up 2.8 points or 0.28% at 1,031. Commodities: The Reuters CRB (Commodity Research Bureau) gained 0.13% to 256.52. Crude gained 1.5% to close at $ 72.49. Copper was up 2.2% to $6400/tonne and Nickel up 2.4% to 19200/tonne. Zinc and Aluminium were up 1.5%; Lead was up 2% today and was up 14% this week. Market cues: FIIs net buy USD 212 million in cash on August 26 NSE September series begins with Rs 62,553 crore Open Int NSE August series had begun with Rs 56,635 crore Open Int Value terms higher because Nifty rallied 2.6% this series FIIs net sell Rs 42 crore in cash on August 27 (prov) DIIs net buy Rs 29 crore in cash on August 27 (prov) FIIs net sell Rs 515 crore in F&O on August 27 F&O cues: Nifty up 0.2% Nifty September Futures trading at 10-pt premium Nifty Open Int PCR starts at 1.18 Nifty Puts add 36.6 lakh shares Nifty Calls shed 22.8 lakh shares Nifty IVs at 31-36% levels Nifty Sep 4600 Put adds 9.1 lakh shares in Open Int Nifty Sep 4900 Call adds 5.4 lakh shares in Open Int Nifty Sept 4500 Put adds 5.3 lakh shares in Open Int Nifty Sep 4700 Put adds 5 lakh shares in Open Int