The Sensex ended the session flat but remained on the positive side for the fifth consecutive day. The Nifty also closed above the 4800 mark for third day in a row. Heavyweights like Bharti Airtel, Infosys, ICICI Bank, BHEL and ITC supported the markets while selling in Reliance Industries, DLF, HDFC, SBI, HUL and Hero Honda capped the gains.
Equity benchmarks started the day on a strong note following positive Asian cues and remained bullish in the first half of trade. In Asia, Hang Seng, Jakarta, Nikkei, Straits Times, Kospi and Taiwan Weighted gained 1-2% while Shanghai lost 0.73%. As the day proceeded, especially in the second half of trade, both indices wiped out some of their gains. Even European cues were not that supportive. In the half an hour of trade, indices erased their gains and turned choppy. European markets were marginally in the red, at the time of closing of Indian equities.
The 30-share BSE Sensex shed 218 points from an intraday high of 16,434.77 and closed 33.31 points higher at 16,216.86. The Nifty ended with just 5.15 points gain at 4,819.40, after shedding 69.65 points from day's high of 4889.05, which was its 52-week high as well as new 2009 high.
Volumes were very high, more than Rs 1 lakh crore. Total traded turnover was at Rs 1,01,849.49 crore as against Rs 78,551.9 crore on Wednesday. This included Rs 19,576.24 crore from the NSE cash segment, Rs 75,583.39 crore from the NSE F&O and the balance Rs 6,689.86 crore from the BSE cash segment.
Shares of oil marketing, private banking, select metal and telecom companies supported the markets while oil & gas exploration, realty, PSU banking, aluminium, private power, cement and auto (barring Tata Motors) companies' shares witnessed selling pressure.
In the oil & gas space, Cairn India was down 2.83%. Reliance Industries snapped four-day winning streak and fell 0.93%. However, BPCL, IOC and HPCL went up 1.6-2%.
In the realty pack, HDIL, DLF, Indiabulls Real and Unitech declined 2-4%.
In the power space, Suzlon Energy lost 3%. Reliance Infrastructure, GMR Infra, GVK Power and Tata Power slipped 0.5-1.3%. However, Torrent Power gained 9.54%. Power Grid Corp was up 1.61%.
Metal stocks like Sterlite Industries and Tata Steel were up 2.3-2.5%. Jindal Steel gained 0.45% while NALCO and Hindalco fell 2-2.7%. SAIL was down 0.30%.
In the auto space, Hero Honda tanked 2.45%. M&M and Maruti Suzuki were down 1.4-1.8% while Tata Motors rose 1.21%.
Banking stocks like ICICI Bank surged 3.12%. HDFC Bank was up 0.60% and Bank of Baroda up 0.40% while SBI lost 0.81%. Axis Bank and PNB fell 0.4% each.
In the technology space, Infosys gained 1.92 while Tech Mahindra tumbled 3.95% and TCS down 0.73%.
Pharma stocks like Apollo Hospital, Dr Reddys Labs, Piramal Health, Dishman Pharma, Lupin, Ranbaxy Labs and Wockhardt went up 1-6.5% while Cipla and Sun Pharma fell 0.8% each.
In the FMCG space, Godrej Consumer was up 2.82%. ITC and Dabur India were up over 0.8%. However, Marico, United Spirits, Tata Tea and HUL slipped 1-3%.
In the capital goods space, Siemens was up 3.85%, BHEL up 1.20% and ABB up 0.31 while Punj Lloyd fell 1.95%.
In the telecom space, Bharti Airtel and Reliance Communication gained 1.2-1.8% while Idea Cellular and Tata Communication lost over 1%.
The market breadth was negative; about 1,144 shares advanced while 1,760 shares declined on the BSE. Nearly 293 shares remained unchanged.
In the midcap space, Gujarat Gas, Torrent Power, Central Bank, Amtek Auto and Jindal Saw were up 7-11.8% while Monnet Ispat, Kirloskar Brothers, BEML, Spice Communication and TV18 fell 4-6.5%.
Top percentage gainers - IFB Industries, Zandu Pharma, KIC Metaliks, GMR Industries, Sayaji Hotels and Madhav Marbles surged 20% each. Raj Television was up 19.47%.
Top percentage losers - Filatex Fashion and Premier Energy slipped 16% each. Repro India, Savera Hotels, Remi Metals Gujarat, IFGL Refractory, Venus Remedies, Kewal Kiran and Bhartiya International were down 7.5-12.7%.
In the smallcap space, Ratnamani Metal, Dhanalakshmi Bank and CCL Products gained 7-14% while aurionPro Solution, Suashish Diamon and Bajaj Auto Finance fell 7% each.
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Sensex volatile; Hero Honda, HDFC, DLF, RIL, HUL slip
At 14:59 hours IST, the Sensex was witnessing volatility. Buying was seen in shares of major companies from the sectors like banking, telecom, metal, technology and oil marketing.
However, the benchmark indices came off from the day's high due to selling in realty, private power, select pharma, auto (except Tata Motors), aluminium and cement stocks. Cairn, DLF, TCS, HUL, Reliance Industries and Idea were the other losers.
The Nifty was up 14 points, to 4,828 and the Sensex up 75 points, to 16,258. The market breadth was weak; about 514 shares advanced while 731 shares declined on the NSE.
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In the midcap space, Gujarat Gas, Torrent Power, Jindal Saw, Apollo Hospital and Amtek Auto were up 7-13% while Monnet Ispat, Kirloskar Brothers, BEML, Spice Communication and Godrej Industries lost 4-7%.
In the smallcap space, Zandu Pharma and GMR Industries gained 20% each. Ratnamani Metal was up 14.88%. Dynamatic Tech and CCL Products were up 8.5-9.7%. However, Venus Remedies, Suashish Diamon, Mukand, Kewal Kiran and FDC fell 5.5-8%.
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Nifty trades higher; ICICI Bk, Sterlite, BHEL, Infy, ITC up
At 14:07 hours IST - the Nifty came off from the day's high and was trading with marginal gain amid volatility. Select banking, telecom, metal, FMCG, capital goods, technology and oil marketing companies' shares were witnessing buying interest.
However, selling in auto (barring Tata Motors), cement, private power, realty and select pharma stocks capped the gains.
Global cues were positive, as European markets were up 0.2-0.5% while Asian markets gained 1-2% barring Shanghai, which fell 0.7%.
The Sensex was up 102 points, to 16,286 and the Nifty was up 24 points, to 4,838. However, the broader indices were quiet in trade. About 1,231 shares advanced while 1,658 shares declined on the BSE. Nearly 306 shares were unchanged.
In the largecaps, ICICI Bank, Sterlite Industries and Siemens were up 3.4-4.7%. BHEL, Infosys, Bharti, ITC, Reliance Communication, Tata Motors, BPCL, Tata Steel, Ranbaxy and Power Grid went up 1-2%.
However, Hero Honda slipped 2.8%. GAIL, Cairn, Maruti, M&M, Tata Power, Suzlon, Grasim and ACC were down 1-2%. HDFC, DLF, HUL and Idea lost 0.5-0.8%.
In the Tea and Coffee space, Mcleod Russel shot up 10.76%. Assam Company, Bombay Burmah, CCL Products, Dhunseri Tea, Harrisons Malaylam, Jayshree Tea and Tata Coffee gained 2.5-6%.
In the midcap space, Apollo Hospital, Gujarat Gas, Emami, Patel Engg and Torrent Power gained 7-9% while Kirloskar Brothers, Monnet Ispat, HCL Info, Blue Dart and BEML declined 3.5-6%.
Top percentage gainers, IFB Industries, Zandu Pharma, KIC Metaliks, GMR Industries, Sayaji Hotels and Madhav Marbles were up 20% each. Raj Television rose 17.71%.
Top percentage losers - Filatex Fashion, Premier Energy, Remi Metals Gujarat, Repro India, WH Brady, Bhartiya International, Venus Remedies and aurionPro Solution lost 6-15%.
Sensex firm; banks, pharma, metals, IT gain
At 13.10 hrs IST, the Sensex was trading positive but off from its day's high of 16,434. Buying interest was seen in banks, pharma, metals and IT stocks. However, some selling was seen in realty and auto stocks. Reliance, Infosys, ICICI Bank, ITC and Bharti Airtel were the positive contributors to the Sensex.
The Sensex was up 76.12 points or 0.47% at 16259.67, and the Nifty was up 19.90 points or 0.41% at 4834.15.
About 1303 shares advanced, 1552 shares declined, and 340 shares were unchanged.
Nirmal Jain, Chairman and Managing Director at India Infoline said the momentum in the market was likely to take the Nifty past 5,000 soon, adding that he had a target of 5,200 for the Nifty. The undertone will remain distinctly positive, he said.
Top gainers on the Sensex were ICICI Bank at Rs 820.05 up 3.69%, Sterlite Ind at Rs 764.70 up 2.24%, Tata Motors at Rs 569.30 up 2.22%, Reliance Comm at Rs 304.25 up 1.60% and Tata Steel at Rs 466.05 up 1.34%.
However, top losers on the Sensex were Hero Honda at Rs 1,576.25 down 3.17%, Jaiprakash Asso at Rs 233.95 down 1.68%, TCS at Rs 552.80 down 1.37%, M&M at Rs 825.45 down 1.3% and Tata Power at Rs 1,279.50 down 1.01%.
Top gainers on the BSE Midcap were Patel Eng at Rs 483.75 up 8.65%, Guj Gas at Rs 399 up 6.34%, Apollo Hospital at Rs 548 up 6.17%, MRF at Rs 5,300 up 6.05% and Jindal Saw at Rs 671.10 up 5.98%.
Top gainers on the BSE Smallcap were Zandu Pharma at Rs 8,860 up 18.11%, GMR Industries at Rs 121.65 up 17.31%, Dynamatic Tech at Rs 1,280 up 13.07%, Ratnamani Metal at Rs 109.30 up 11.82% and Zuari Inds at Rs 346.50 up 8.13%.
Nifty hovers around 4850; ICICI Bank, Bharti, Infy, BHEL up
At 12:04 hours IST, the Nifty was trading strong and was holding above the 4850 level. Asia was also trading higher; Hang Seng, Nikkei, Straits Times and Kospi advanced 2% each. Jakarta and Taiwan Weighted gained 1% each. Shanghai was trading with marginal gain.
Buying was seen in banking, technology, oil & gas, telecom, metal and capital goods stocks. However, selling in select stocks like Cairn, GAIL, Hero Honda, Grasim, ACC, Idea, Cipla and Tata Power capped the gains.
The Sensex was up 129 points, to 16,313 and the Nifty up 34 points, to 4,849. The broader indices were up 0.5% each. The market breadth was marginally positive; about 1538 shares advanced while 1300 shares declined on the BSE. Nearly 357 shares were unchanged.
In the largecaps, ICICI Bank was at Rs 821.60, up 3.88%; Tata Motors was at Rs 573, up 2.88%; Sterlite Industries was at Rs 763.50, up 2.08%; Bharti Airtel was at Rs 416.25, up 1.56%; Infosys was at Rs 2,222.55, up 1.34%; Siemens was at Rs 521.50, up 2.80% and Power Grid Corp was at Rs 107.80, up 2.23%.
Top percentage gainers - Sayaji Hotels, Madhav Marbles, IFB Industries, KIC Metaliks, GMR Industries, Jayant Agro-Org and Zandu Pharma were up 15-20%.
Top percentage losers - Repro India, Accurate Trans, Premier Energy, Venus Remedies, Chartered Logis, Vimta Labs, Themis Medicare and Aarvee Denim lost 5-10%.
DLF, Reliance Industries, RNRL, ICICI Bank, Sesa Goa, HDIL and Unitech were most active shares on the bourses.
Sensex at new 2009 high; banks, metals, telecom gain
At 11:07 hours IST, the Sensex extended gains and continued its upside for the fifth consecutive day. Asian markets also moved up further, which was helping our markets to stay on the stronger side. The Nifty was moving towards the 4900 mark but selling at higher levels capped the gains.
In Asia, Hang Seng, Straits Times and Kospi were up 2% each. Nikkei, Taiwan and Jakarta went up 1-1.7%. However, Shanghai recovered some of its losses and was trading with 0.3% loss.
Only four out of Nifty 50 stocks were trading in the red. Telecom, banking, oil & gas, technology, metal, capital goods and power stocks were witnessing buying interest. However, selling was seen in Tata Power, Hero Honda, Grasim and GAIL.
The Sensex was up 229 points at 16,413 and the Nifty was up 62 points at 4,876. These indices touched an intraday high of 16,434.77 and 4,889.05, respectively. The broader indices were also moving in line with the benchmark indices; gained 1.5% each. About 1,932 shares advanced while 892 shares declined on the BSE. Nearly 371 shares were unchanged.
In the largecaps, ICICI Bank, Bharti Airtel, Sterlite Industries, Reliance Communication, Hindalco, Power Grid Corp and Siemens were up 2.5-4.5%.
In the midcap space, Emami shot up 13%. Era Infra Engg, Maharashtra Seamless, Kirloskar Oil and Apollo Tyres gained 5-9%. However, Spice Communication lost just 1.85%, after seeing rally of over 15% in two days. Marico, Novartis India, Berger Paints and Chennai Petro fell 1% each.
In the smallcap space, GMR Industries, Zandu Pharma, Dynamatic Tech, Ratnamani Metal and Prime Securities went up 10-17% whlie Venus Remedies, Geekay Finance, Shree Ram Urban, Balmer Lawrie and PVP Ventures fell 3-6%.
IVRCL Infrastructure bagged order worth Rs 557 crore; the stock was up 2%.
Nifty hits new 52-week high of 4889.05; global cues +ve
The Nifty opened strong following positive global cues and touched a new 2009 high as well as 52-week high of 4889.05. Financial, real estate, telecom and metal stocks were witnessing buying interest. Big Heavyweight Reliance Industries was up 2%.
At 9:56 am, the Sensex was up 222 points, to 16,406 and the Nifty gained 67 points, to 4,880. The CNX Midcap was up 71 points, to 6,287 and the BSE Smallcap up 92 points, to 7,275. About 700 shares advanced while 60 shares declined on the NSE.
Among the frontliners, ICICI Bank, Reliance Capital, Unitech, DLF, Bharti Airtel, Reliance Communication, Tata Steel, Sterlite Industries, HDFC, Tata Motors, Maruti Suzuki, Reliance Industries, Infosys and SBI were the leading counters.
However, Grasim and ITC were under selling pressure.
Midcap Space:
HDIL and Indiabulls Real were up 2%. Sobha Developers shot up 7.5%, as there were reports that it is likely to get nod for Rs 5,000 crore township project in Kochi this week.
HCC, GMR Infra and GVK Power were up 2-3%. GIC Housing Finance was up 6%.
Assam Company rose 4.5%, Chola DBS up 5% and Usha Martin up 2%. However, Jet Airways was down 1.5%.
Global Cues:
Asian markets were trading higher barring Shanghai. Nikkei, Hang Seng, Straits Times, Kospi and Taiwan Weighted were up 1.3-1.6%. Jakarta rose 1% while Shanghai fell 1%. SGX Nifty was up 1%.
The US markets gained for the fourth straight day as industrial, technology companies gained from a weak dollar.
The Dow Jones Industrial Average was up 50 points at 9,547; S&P 500 Index ended up 8 points at 1,033 and the Nasdaq Composite closed up 22.6 points at 2,060.4.
Currencies:
The Dollar Index made low at 76.80, weakest level since September 26, 2008.
USD depreciated 45 bps versus Euro at 1.4557.
Yen appreciated 18 bps versus USD at 92.13.
Commodities:
Crude gained ahead of US inventory data.
OPEC said prices at $70 a barrel was fair and kept quota unchanged.
Base metals declined after 4 sessions rally.
Copper was down 1.1%, Lead down 2% and Tin down 1.2%.
Gold was off highs and declined 0.3% to $997/ounce.
Market cues:
-FIIs net buy USD 241.4 million in equity on September 8
-NSE F&O Open Int up Rs 2,069 crore at Rs 91,881 crore
-NSE F&O turnover at 53935 crore versus 5-day avg of 64,347 crore
-FIIs net buy Rs 193 crore in cash markets on September 9 (prov)
-DIIs net buy Rs 239 crore in cash markets on September 9 (prov)
-FIIs net sell Rs 69 crore in F&O on September 9
F&O cues:
-Futures Open Int down by Rs 412 crore
-Options Open Int up by Rs 1,657 crore
-Nifty up 0.2%, Open Int up by 1%
-Nifty futures continue to trade at 3-pt prem
-Nifty IVs at 28-32%
-Nifty Open Int PCR at 1.34 versus 1.27
-Nifty Puts add 29.5 lakh shares in Open Int
-Nifty Calls shed 1 lakh shares in Open Int
-Nifty September 4700 Put adds 8.5 lakh shares in Open Int
-Nifty September 4800 Put adds 6.8 lakh shares in Open Int
-Nifty September 4600 Put adds 4.5 lakh shares in Open Int
-Nifty September 4500 Put adds 2.8 lakh shares in Open Int
-Nifty September 4900 Call shed 5 lakh shares in Open Int
-Stock futures adds 2.2 crore shares in Open Int
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