The Nifty closed marginally higher and continued its uptrend for the fourth consecutive session. Technology, pharma, power and heavyweights like Reliance Industries, L&T, Reliance Communication, Tata Motors and Grasim helped the index to close above 4650 level. Equity benchmarks witnessed volatility throughout the session, because on the other side selling continued in heavyweight SBI, ONGC, Bharti, BHEL, SAIL and ICICI Bank. Both indices started the trade on a weak note following negative Asian cues and as the day proceeded, the Sensex lost over 200 points due to 5.5% fall in China's Shanghai. There were reports that China might raise fuel prices by 4-8%, as the current crude prices were around USD 74-75 a barrel. But immediately around 12 hours IST, as the Shanghai recovered, Indian indices also bounced back and traded marginally in the green with some volatility. In the Asia, Shanghai recovered 3.26% from day's low and ended 2.59% lower. Hang Seng, Nikkei, Kospi and Taiwan Weighted fell 0.4-0.8% while Straits Times and Jakarta gained 0.2% each. At the time of closing of Indian equities, European markets were trading marginally weak, after seeing significant recovery from day's low and US index futures were flat in trade. The 30-share BSE Sensex ended at 15,688.47, up 59.72 points or 0.38% over previous close, after seeing recovery of 265 points from intraday low of 15,423.39. The 50-share NSE Nifty went up 0.36% or 16.55 points, to settle at 4659.35; it recovered nearly 77 points from day's low of 4582.50. Volumes were on the higher side ahead of F&O expiry on Thursday. Total traded turnover was at Rs 1,12,516.14 crore as against Rs 96,614.47 crore on Monday. This included Rs 17,861.56 crore from the NSE cash segment, Rs 88,341.26 crore from the NSE F&O and the balance Rs 6,313.32 crore from the BSE cash segment. The broader indices outperformed the benchmark indices; the BSE Midcap Index was up 0.6% and Smallcap Index up 1.5%. Dipan Mehta, Member- BSE & NSE said the Index was rangebound, but there was a lot of action in small & midcap stocks. "More midcap stocks are still underperforming the broader markets if you analyze it at a twelve month period", he said. This story will be updated soon. Please check it in a while... On the next page - see how Indian markets performed in the last one hour _PAGEBREAK_
Nifty above 4650; tech, pharma, power, FMCG gain At 15:08 hours IST, the Sensex was trading marginally higher along with some volatility on the back of buying in technology, pharma, power and FMCG stocks. Reliance Industries, Tata Motors, L&T, Reliance Communication, Grasim and ABB were other supportive stocks. However, selling continued in Bharti, SBI, BHEL, SAIL, ONGC, ICICI Bank, Idea Cellular, BPCL, Hero Honda, Maruti, Ambuja Cements, ACC and Tata Power. The Nifty went up 22 points, to 4,665 and the Sensex gained 81 points at 15,710. The market breadth was also positive; about 749 shares advanced while 499 shares declined on the NSE. The BSE Midcap Index rose 0.6% and Smallcap Index up 1.5%. In the midcap space, Thomas Cook, Jubilant, Rolta, Torrent Pharma and Dishman Pharma were up 7-13.5% while Asian Star, Nagarjuna Construction, Wockhardt, Bajaj Hindusthan and EID Parry fell 3.5-5%. In the smallcap space, ABG Infralogistics, Suven Life Sciences, NRB Bearings, Aptech and ILandFS were up 15-20% while Hinduja Global, Austral Coke, JMD Telefilms, Panacea Biotec and Entegra lost 5-7%. BF Utilities locked at 5% upper circuit, as the company will demerge investment business into separate company. The swap ratio was of 1 BF Investment share for 1 share in company. On the next page - see how Indian markets performed in the last one hour _PAGEBREAK_
Nifty rangebound; RIL, NTPC, Wipro, L&T, RComm lead At 14:09 hours IST, the Nifty continued to trade in a range of 4640-4670 and the Sensex was trading between 15600-15700. They were consolidating after seeing rally for the last three days. Heavyweights like ONGC, Bharti, SBI, BHEL, SAIL and ICICI Bank remained under pressure, down 0.7-2.5%. Idea Cellular, BPCL, PNB, Tata Power, Hero Honda, Ambuja Cements, Hindalco and ACC were the other losers. However, pharma, FMCG, power stocks along with Reliance Industries, Wipro, L&T, Reliance Communication, HCL Tech, Tata Motors, Grasim, Axis Bank, HDFC Bank and ACC were witnessing buying interest. The Sensex went up 33 points, to 15,663 and the Nifty rose 12 points, to 4,654. The market breadth was positive; about 739 shares advanced while 487 shares declined on the NSE. Among the broader indices, the BSE Midcap was up 0.44% and Smallcap Index up 1.3%. Most active shares on the BSE & NSE were HDIL, Reliance Industries, Indiabulls Real, Suzlon Energy, Mahindra Satyam and Unitech. Top percentage gainers - Jindal Photo, Bhartiya International, Lokesh Machines, Suven Life Sciences and Roman Tarmat locked at 20% upper circuit. Top percentage losers - Span Diagnostic, Sky Industries, IP Rings, Bhuwalka Steel, Austral Coke, De Nora India, Panacea Biotec, Entegra and Nagarjuna Construction slipped 4.5-8%. Sensex consolidates; ONGC, Bharti, SBI, BHEL, SAIL slip At 13:05 hours IST - the Sensex was trading marginally higher after seeing recovery of nearly 250 points from day's low of 15,423.39. The Nifty was also trying to trade above 4650 but they was some volatility seen due to two-way move. On one side, buying in Reliance Industries, NTPC, Wipro, L&T, Reliance Communication, HCL Tech, TCS, Ranbaxy Labs, Tata Motors, HUL, HDFC Bank, Grasim, ITC, Sun Pharma, ABB and Siemens was supporting the markets. However, on the other side, selling continued in ONGC, Bharti, BHEL, SBI, ICICI Bank, DLF, PNB, Idea, BPCL, Ambuja Cements and Hindalco. On the global front, European markets were down 0.5% each. The Nifty rose 12 points, to 4,655 and the Sensex gained 42 points at 15,670. Among the broader indices, the BSE Smallcap Index went up over 1% while the Midcap Index was up just 0.3%. About 1,632 shares advanced while 1,180 shares declined on the BSE. Nearly 369 shares were unchanged. In the midcap space, Dishman Pharma, Torrent Pharma, Rolta, ING Vysya Bank and Bajaj Finserv went up 5-11% while Bannariamman, EID Parry, Nagarjuna Construction, Bajaj Hindusthan and Coromandel Fertiliser fell 2-3%. In the smallcap space, Suven Life Sciences locked at 20% upper circuit. SpiceJet, Selan Exploration, ABG Infralogistics and CMC gained 12.5-16%. However, JMD Telefilms, Austral Coke, Entegra, Sagar Cement and Hinduja Global declined 3.5-5% Nifty bounces back on Shanghai's recovery; NTPC, L&T up At 12:16 hours IST, the Nifty recovered from its day's low following recovery in Shanghai Index, which was down 2.5%. It started trading above 4600 as heavyweights NTPC, L&T, Wipro, Reliance Industries and TCS were in the green. HCL Tech, Power Grid, Ranbaxy Labs, Tata Motors, ITC, Grasim, HUL, Cipla, Reliance Communication, Suzlon and Cairn India were the other gainers. However, shares like BHEL, ONGC, ICICI Bank, SBI, DLF, Reliance Infrastructure, Bharti, Infosys, SAIL, Idea, HDFC, Sterlite, Hindalco, Ambuja Cements and Grasim were seeing selling pressure, which capped the gains. So, the volatility remained in the markets. The Sensex rose 11 points, to 15,639 and the Nifty gained just 5 points at 4,647. The broader indices were also marginally in the green. Sensex breaks 3-day rally, down 100 pts; Shanghai dips 5% At 11:36 hours IST, the Sensex broke three-day winning streak on the back of more than 5% decline in China's Shanghai. It extended the losses and was trading below the 15500 level while the Nifty struggling at 4600. Banking, realty, metal, FMCG and private power companies' shares along with ONGC, Bharti, BHEL and Infosys were witnessing selling pressure. There were reports that China may raise fuel prices by 4-8%, as the current crude prices were around USD 74-75 a barrel. However, Wipro, NTPC, HCL Tech, Ranbaxy Labs and Tata Motors were gainers. There was a bit of volatility. The Sensex fell 181 points, to 15,447 and the Nifty lost 52 points, to 4,590. The broader indices were flat in trade but the market breadth was negative a bit; about 516 shares advanced while 654 shares declined on the NSE. In the banking space, SBI, ICICI Bank, HDFC Bank, Bank of Baroda, PNB and Axis Bank were down 1-2.2%. Realty stocks like HDIL, Unitech and DLF slipped 2-2.8%. Top percentage gainers - Suven Life Sciences shot up 18%. Lokesh Machines, Selan Exploration, Roman Tarmat, Premier, SE Investments and ABM Knowledg were up 12-16%. Top percentage losers - IP Rings, Grauer and Weil, Sarup Tanneries, Hinduja Global, Balaji Telefilm, Supreme Infra, Cambridge Solutions and Somany Ceramics lost 5-8%. Nifty trades lower with volatility; Shanghai slips 4% At 10:45 hours IST, the Nifty was trading marginally lower along with some volatility. Selling was seen in banking, realty, private power, FMCG and select cement stocks along with ONGC, Bharti, BHEL, SAIL and Idea Cellular. More than 4% fall in China's Shanghai was the reason behind this decline. However, buying in NTPC, Wipro, Reliance Industries, HCL Tech, L&T, Tata Motors, Power Grid, Tata Steel, Ranbaxy Labs, Maruti, Reliance Communication, Hindalco and Grasim capped the losses. The Nifty fell 34 points, to 4,608 and the Sensex lost 121 points, to 15,511. The Nifty September future was trading with 10-12 points premium. The market breadth was positive; about 1,736 shares advanced while 1,028 shares declined on the BSE. Nearly 417 shares were unchanged. Indiabulls Real, Videocon Industries, Tata Steel, Reliance Industries, Suzlon Energy and Unitech were most active shares on the BSE and NSE. In the midcap space, ING Vysya Bank, HOEC, OnMobile Global, HT Media and Nava Bharat Ventures were up 4-5.6% while AIA Engineering, Kansai Nerolac, EID Parry, Bajaj Hindusthan and Shree Renuka Sugar fell 1.7-2.8%. In the smallcap space, Suven Life Sciences surged 16.51%. Oscar Investment, Madhucon Projects, Atul and Manappuram went up 9-10%. However, KPR Mill, JMD Telefilms, Entegra, Ahluwalia and Ugar Sugar Work lost 3.5-5.5%. Sensex weak on negative Asian cues; banks decline The Sensex opened lower following weak Asian cues; especially due to 3.4% fall in Shanghai. Both the equity benchmarks were seeing some volatility; the Nifty tested the 4600 mark in the early trade and retraced. Metal and banking stocks were under pressure. At 9:56 am, the Nifty fell 30 points, to 4,612 and the Sensex lost 106 points, to 15,522. About 361 shares advanced while 413 shares declined on the NSE. The CNX Midcap slipped 13 points, to 5,959 and the Nifty Junior fell 35 points, to 8,379. Among the fronliners, Reliance Infrastructure, Tata Power, Sterlite, GAIL, ICICI Bank, Hero Honda, Hindalco, Axis Bank, SAIL, DLF, ONGC, Reliance Capital, Unitech, ITC, SBI, BHEL and M&M were the losers. However, HCL Tech jumped 7% on better-than-expected numbers. Power Grid, Tata Motors, NTPC, HUL and Maurti Suzuki gained. Midcap space Brigade Enterprises shot up another 8%, after seeing 20% jump on Monday. Puravankara Projects was up 3%. However, HDIL was down 1.5% and Indiabulls Real Estate fell just 0.7%. Suven Life Science shot up another 20%, after seeing 20% rally on Monday. Fortis Healthcare was up 2%. HT Media, Mid Day and Pyramid Saimira were up over 1%. Global cues: Asian markets were trading lower. Shanghai lost 3.4% and Hang Seng down 1.2%. Jakarta, Nikkei, Straits Times, Kospi and Taiwan Weighted fell 0.1-0.5%. The US markets ended flat after 4-day of rally that lifted major indexes to 10-month highs. The Dow Jones Industrial Average was up 3.3 points at 9,509.3. The S&P 500 Index ended flat at 1,025.6 and Nasdaq Composite was down 3 points at 2,018. Commodities Reuters CRB (Commodity Research Bureau) Index was up 0.8% to 261.22. Crude Nymex October made 10-month high at $74.81/bbl. Gold declined 1.2% to $943.7/ounce. Base metals opened weak; Copper was down 1.5% today while gained 2.5% yesterday. Lead was down 1.5% today while gained 8% yesterday. Market cues: -FIIs net buy USD 112 million in cash on August 21
-Total F&O Open Int up by Rs 2632 crore at Rs 89,905 crore
-FIIs net buy Rs 711 crore in cash on August 24 (prov)
-DIIs net buy Rs 275 crore in cash on August 24 (prov)
-FIIs net buy Rs 1570 crore in F&O on August 24 F&O cues: -Total Futures Open Int up by Rs 1740 crore
-Total Options Open Int up by Rs 893 crore
-Nifty up 2.5%, Futures Open Int up 1%
-Nifty September Fut trading at 16-pt premium versus 7-point premium
-Stock Futures add 2.8 crore shares in Open Int
-Nifty Open Int Put Call Ratio up from 1.09 to 1.22
-Nifty Puts add 35 lakh shares
-Nity Calls shed 17 lakh shares
-Nifty IVs at 32-37% levels
-Nifty August 4600 Put adds 17.1 lakh shares in Open Int
-Nifty August 4700 Put adds 12 lakh shares in Open Int
-Nifty August 4600 Call sheds 12.8 lakh shares in Open Int
-Nifty September 4500 Put adds 4.4 lakh shares in Open Int
-Nifty September 4600 Put adds 4.1 lakh shares in Open Int
-Nifty September 4800 Call adds 3.3 lakh shares in Open Int |
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