The Nifty maintained its uptrend for the fifth consecutive session and closed above the 5,000 mark for the first time since May 22, 2008 i.e. at 16-month high. The benchmark indices gained over 4% in five days.
Buying in financial, technology, power, pharma, auto and oil marketing companies' shares helped the markets to stay on the higher side throughout the session. Over 0.9% gain in European markets and 0.6% upside in US index futures were also supportive to the indices.
However, selling in oil & gas exploration and select metal stocks capped the gains. Bharti Airtel was down 3%.
The 30-share BSE Sensex closed at 16,886.43, up 145.13 points or 0.87% over its previous close. The 50-share NSE Nifty went up 0.89% or 44.15 points, to settle at 5020.20. The broader indices also followed the same trend, rose 0.7-1%.
The Nifty September futures ended with 2.8 points premium, as per provisional data. The Nifty put-call ratio inched up to 1.81, as Nifty September 5000 Put added 10.4 lakh shares in OI (open interest), September 5100 Call added 7.9 lakh shares in OI and 5100 Put added 5.9 lakh shares in OI.
October series witnessed highest OI at 4800 Put and 5300 Call. Auto, capital goods, power and infra stocks witnessed decent rollovers.
Technical Analyst, Ashwani Gujral advised to take at least 50% of profit. "October Nifty is trading at 20 points premium, put-call ratio is near all-time high. It’s prudent to take at least 50% of your profit and look for any weakness to go short on the market. Because you had a 10% rally from 4,580 up to 5,050 almost. So it’s a 500 points rally, so at least you know you need to take money off the table at least on individual stocks, it’s very difficult to get follow through from here."
Independent Analyst, K Ramchandran said he was pretty cautious on the market. "I believe there are no incremental triggers at this point of time to take the market on a sustainable basis to higher levels. He also said, "Any serious correction will take along with it all the sectors and particularly the high beta stocks which have been buzzing around in the last few sessions."
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Volumes were very high ahead of F&O expiry on Thursday. Total traded turnover was at Rs 1,04,763.95 crore as against Rs 95,012.87 crore on Friday. This included Rs 16,170.80 crore from the NSE cash segment, Rs 82,944.72 crore from the NSE F&O and the balance Rs 5,648.43 crore from the BSE cash segment.
Index
Closing Value
Chg (%)
IT 4,643.01 1.91
FMCG 2,577.00 1.63
SMALLCAP 7,451.02 1.05
REALTY 4,518.90 1.02
AUTO 6,668.53 0.99
BANKEX 9,414.64 0.97
PHARMA 4,061.72 0.95
CAP GOODS 13,713.37 0.88
MIDCAP 6,216.99 0.74
TECk 3,302.56 0.73
POWER 3,066.53 0.66
METAL 14,528.52 0.1
OIL&GAS 10,123.19 -0.03
In the banking and financial space, HDFC Bank, SBI, PNB and ICICI Bank were up 1-1.5%. HDFC touched a new 52-week high of Rs 2,680 and surged 5.3%.
Technology stocks like TCS rose 2.92% and Infosys was up 1.77%. Wipro, HCL Tech and Tech Mahindra gained 0.8-1.3%.
In the healthcare space, Ranbaxy Labs shot up 5.43%. Cipla, Biocon, Piramal Health, Aurobindo Pharma and Glenmark were up 0.7-2%. However, Lupin, Divis Labs and Wockhardt fell over 1.6%.
Auto stocks witnessed buying interest. Tata Motors, Ashok Leyland, Bajaj Auto, Escorts and Maruti Suzuki went up 1-2.6%. Hero Honda was up 0.86% and M&M was up 0.37%.
In the power pack, Lanco Infratech, Torrent Power, GMR Infra, Suzlon Energy and Neyveli Lignite were up 1-4%. GVK Power and NTPC moved up over 0.8%. Power Grid Corp, Reliance Infrastructure and Tata Power were up marginally.
FMCG stocks like ITC, Dabur India, HUL, Godrej Consumer and Colgate gained 0.5-2.5%.
In the telecom space, Tata Teleservices shot up 5.07% as it added 3.4 million subscribers in August. Idea Cellular and MTNL gained 1-1.5%. However, Bharti Airtel fell 3.28%.
In the metal pack, NALCO, JSW Steel, Tata Steel, Sesa Goa and SAIL were up 0.5-1.4% while Jindal Steel, Hindalco and Sterlite Industries slipped 0.3-0.9%.
Oil & gas stocks like HPCL and BPCL went up 0.7% each. IOC rose 0.58%. However, Cairn India and ONGC fell 0.5% each. Reliance Industries was down marginally.
In the realty space, Orbit Corporation surged 7.20%. HDIL, Indiabulls Real and Parsvnath went up nearly 3% each. DLF and Unitech were up 0.3% each.
The market breadth was positive; about 1,658 shares advanced while 1,230 shares declined on the BSE. Nearly 318 shares remained unchanged.
In the midcap space, 3M India, P&G, Engineers India, Moser Baer and Bajaj Finserv were up 8-13% while Bharat Forge, Gujarat NRE Coke, Jubilant, Shree Cements and BF Utilities fell 3-5%.
In the smallcap space, Ankur Drugs shot up 19%. JSW Holdings, Aarti Industries, Gammon India and Natco Pharma gained 11-15% while Dhanuka Agritec, Aegis Logistics, KGN Industries, Jindal Worldwid and PVP Ventures were down 5-6%.
Top percentage gainers - Suave Hotels, Assoc Stone, RR Finance and Kanoria Chemical were up 20% each.
Asian markets ended mixed. Hang Seng, Straits Times and Kospi gained 1-1.4%. Jakarta went up 0.7%. However, Shanghai tanked 2.34% and Taiwan Weighted was down 0.45%.
On the commodities front, base metals saw huge buying. Nickel, Tin, Lead, Aluminium, Copper and Zinc were up 1.5-4% on the LME (London Metal Exchange).
Crude futures went up 0.9%, to $ 70.64 a barrel on the NYMEX. Gold was trading at $ 1016 per ounce, up 1.23%. Silver was up 2.3%, to $ 17.24 an ounce.
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Sensex extends rally; tech, financials, autos, power lead
At 14:18 hours IST, consistent buying in technology, financial, auto, oil marketing, pharma, power and select FMCG stocks was supporting the Sensex to trade strong. HDFC shot up 5% and Reliance Industries was up 0.5%. European markets were up nearly 1%, which was quite supportive to the benchmark indices.
However, Bharti Airtel continued to witness selling pressure, down 2.7%. GAIL, Hindalco, Jindal Steel and Tata Communication were the other losers.
The Sensex was up 177 points at 16,919 and the Nifty up 50 points at 5,026. The broader indices were up 0.8-1.3%, as about 1,716 shares advanced while 1,144 shares declined on the BSE.
In the technology space, TCS, Tech Mahindra, Infosys and Wipro were up 1-2.5%. Banking stocks like ICICI Bank, HDFC Bank and SBI gained 0.8-1.2%.
In the pharma space, Ranbaxy Labs shot up 4.18%. Piramal Healthcare, Cipla, Pfizer, Glenmark and Biocon went up 0.7-2.7%.
Auto stocks like Tata Motors, Bajaj Auto, Ashok Leyland, Hero Honda, Maruti Suzuki and M&M were up 1-2.8%.
Power stocks like Lanco Infratech, GMR Infra, Torrent Power, Suzlon Energy, GVK Power, NTPC, Reliance Power and Reliance Infrastructure moved up 1-5%. Neyveli Lignite, Tata Power and Power Grid Corp were up 0.3-0.7%.
Top percentage gainers - Associated Stone, Ankur Drugs, Suave Hotels and RR Finance surged 20% each. Kanoria Chemical, Sejal Architect, Bannari A Spg and Rane Holdings were up 16-19%.
Nifty holds 5K; HDFC, Ranbaxy, BPCL, Tata Motors up 3-4%
At 12:58 hours IST - the Nifty maintained the uptrend and consistently held onto the 5000 mark. Financials, technology, oil marketing, auto, pharma, power and FMCG stocks witnessed buying interest along with heavyweight Reliance Industries. European markets gained nearly 0.6% and that was another supporting factor.
However, selling in Bharti Airtel, Sterlite Industries, ONGC, SAIL, Hindalco, Tata Steel, HCL Tech, PNB, Tata Communication and Ambuja Cements capped the gains to some extent.
The Nifty was up 37 points, to 5,012 and the Sensex up 145 points, to 16,886. The BSE Midcap Index was 0.7% and Smallcap Index up 1%.
In the largecaps, HDFC, Ranbaxy Labs, BPCL, Tata Motors, ITC, Hero Honda and Infosys were up 1.5-4.5%.
In the midcap space, P&G, 3M India, Allcargo Global, Bajaj Finserv and Monsanto India gained 8-14% while Bharat Forge, Jubilant, Gujarat NRE Coke, Blue Dart and Shree Cements slipped 2-4%.
In the smallcap space, Ankur Drugs, Transport Corp, Hatsun Agro, Ajmera Realty and Hinduja Venture were up 10-17% while Geekay Finance, KGN Industries, Austral Coke, Ramco Ind and Advani Hotels fell 5% each.
Corporate News
DHFL (Dewan Housing Finance Corporation) is looking to raise Rs 3,500 crore via debt, NCDs, reports CNBC-TV18 quoting sources. The stock went up 2%
Diamond Cables gained 2.6%, as it bagged EPC order for 21,415 KM.. Its current order book position is over Rs 1,000 crore.
Hindustan Unilever was up 0.65%. The company is going to sell 5 residential properties in Mumbai and could get about Rs 35 crore via sale of properties, according to sources.
Micro Technologies shot up 6%, as it received multi-million dollar order for vehicle security product.
Sensex trades higher; HDFC up 3%, Sterlite, Bharti dip 2.5%
At 11:39 hours IST, buying in technology, banking, capital goods, FMCG, auto, oil marketing and power stocks was helping the Sensex to trade on the higher side. Reliance Industries was also the gainer. The Nifty was holding the 5000 mark.
However, continuous selling in Bharti and Sterlite Industries capped the gains; both fell 2.5% each. ONGC, GAIL, Hindalco, HCL Tech, Tata Steel, Unitech and Tata Communication were the other losers.
The Sensex went up 107 points at 16,849 and the Nifty rose 28 points at 5,004. The broader indices were up 0.5-0.8%. All the sectoral indices were in the green barring Metal.
Sandeep Bhatia, Executive Director and Head of Sales, Kotak Institutional Equities is cautious on the markets. He feels this renewed strength and strong level of interest is due to the result season in the offing. “It is also one reason for the markets to move southwards,” he says, adding, “October earnings should raise the street earnings estimates for the entire street.”
He advices to get ready for a fall if the markets go up another 10-15%.
The market breadth was in favour advances; about 1,702 shares advanced while 1,107 shares declined on the BSE. Nearly 396 shares were unchanged.
In the largecaps, BPCL, Tata Motors and HDFC were up over 3%. Hero Honda, Maruti and ITC gained 1.5-2%.
Jindal Cotex, RNRL, KS Oils, Reliance Industries, Reliance Communication, SBI, Infosys, Unitech and Tata Motors were most active shares on the bourses.
Top percentage gainers - RR Finance, Associated Stone, Magna Electro, Suave Hotels, Bambino Agro, TTK Prestige, Ajmera Realty, Goa Carbon, Subros and Transport Corp were up 10-20%.
Top percentage losers - Transcorp Int, Kilburn Chemica, Nicco Parks, LKP Finance, Terai Tea, IFB Industries, ILandFS, Lotus Eye Care, Ramco Ind and Sutlej Textiles fell 5-9%.
Nifty at new 2009 high, trades above 5000
At 10:26 hours IST, the Nifty crossed the 5000 mark again and was trading at a new 2009 high amid volatility. Auto, technology, oil marketing, capital goods, realty, power, FMCG, select banking and metal stocks were seeing buying interest. Reliance Industries was up over 1% on the acquisition buzz. The market breadth was positive; about 812 shares advanced while 331 shares declined on the NSE.
However, selling in Bharti Airtel, ONGC, Reliance Communication, Sterlite, HCL Tech, ACC and GAIL capped the gains to some extent.
The Sensex was up 134 points at 16,875 and the Nifty was up 36 points at 5,012. The broader indices gained 0.9% each.
Auto stocks were buzzing today ahead of its monthly sales numbers. Hero Honda, Bajaj Auto. Maruti Suzuki, M&M, Tata Motors and Ashok Leyland were up 1-3.6%.
In the technology space, TCS, Wipro and Infosys gained 0.9-1.3%. Capital goods stocks like Suzlon Energy, BHEL, L&T, ABB and Siemens went up 0.5-1.3%.
Oil & gas stocks like BPCL, HPCL and Reliance Industries moved up 1-2%. Cairn India was up 0.70%.
In the FMCG space, Dabur India and HUL gained 2.8% and 1.7%, respectively. United Breweries, Britannia, Nestle and ITC were up 0.5-0.8%.
Nearly all realty stocks were seeing buying interest. HDIL, Indiabulls Real, DLF and Unitech went up 1-2%.
In the midcap space, Allcargo Global, Moser Baer, Spice Communication, Tata Teleservices and Bajaj Finserv were up 6-7.5% while Bharat Forge, Gujarat NRE Coke, Blue Star, Kansai Nerolac and Motherson Sumi fell 2-4%.
In the smallcap space, Hatsun Agro, INOX Leisure, Money Matters, Nitin Fire Protection and Himatsingka Seide gained 6-10.5% while Raymond, KGN Industries, Geekay Finance, Advani Hotels and Austral Coke slipped 5-5.5%.
Sensex volatile with positive bias; RIL, Bharti gain
The Sensex was trading marginally higher along with some volatility ahead of F&O expiry on Thursday. Reliance Industries and Bharti were supportive stocks.
At 9:56 am, the Sensex was up 28 points at 16,769 and the Nifty was up just 5 points at 4,981. About 493 shares advanced while 230 shares declined on the NSE.
Among the frontliners, Reliance Industries, Bharti, Sun Pharma, Tata Steel, Cairn, HPCL, BPCL, IOC, Nalco and Jindal Steel & Power were the gainers. However, Sterlite, ITC, HCL Tech and SBI lost the ground.
Jindal Cotex listed today at Rs 77 as against its issue price of Rs 75 per share.
Midcap space:
TTML surged 3% post their numbers of subscribers additions.
Ballarpur Industries jumped 5.5% post its quarterly as well as full year numbers.
Kingfisher Airlines, IVR Prime, Orbit Corporation, Parsvnath, Glenmark Pharma, Natco Pharma, Liberty Shoes and Visa Steel were up 1-5%.
Asian cues:
Asian markets were trading mixed. Hang Seng, Jakarta, Straits Times and Kospi were up 0.5-1.2%. However, Shanghai and Taiwan Weighted fell 0.25% each.
Commodities:
The CRB Commodities Index was down 2.2% on Monday, largest percentage drop in five weeks.
Crude oil fell more than 3% to settle below $70/bbl.
Gold was down 0.5% at $1005/ounce.
Silver prices were down 1.1% at $16.88/ounce.
Market cues:
-FIIs net buy USD 555.2 million in equity on September 18
-NSE F&O Open Int up Rs 2,170 crore at Rs 1,11,947 crore
-NSE F&O Turnover up 1.3% at Rs 69,288 crore versus 5-day average of Rs 68,384 crore
-FIIs net buy Rs 1,486 crore September 18
-DIIs net sell Rs 505 crore in cash markets September 18 (prov)
-FIIs net sell Rs 297 crore in F&O September 18
F&O cues:
-Futures Open Int up by Rs 653 crore, Options Open Int up by Rs 1516 crore
-Nifty up 0.2%, Open Int down 2%
-Nifty futures trade at 10-pt premium versus 13-pt premium
-Nifty IVs at 25-30%
-Nifty Open Int PCR at 1.73 versus 1.7
-Nifty Puts add 22.1 lakh, Calls add 5.1 lakh shares in Open Int
-Nifty September 5000 Put adds 9.8 lakh shares in Open Int
-Nifty September 5000 Call adds 3.2 lakh shares in Open Int
-Nifty September 4700 Put adds 2.3 lakh shares in Open Int
-Nifty October 5000 Put adds 2.3 lakh shares in Open Int
-Nifty October 4800 Put adds 2.1 lakh shares in Open Int
-Stock futures add 2.5 crore shares in Open Int
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