Sensex gains 3.7% this week led by metals, banks, oil & gas

The Nifty continued its uptrend for the sixth consecutive session and ended marginally higher. Institutional buying in banking, technology and aluminium companies' shares helped the Index to remain above the 4800 mark for the fourth day in a row.
The markets were volatile throughout the session today. The sell-off in oil & gas, FMCG, realty, cement, private power, auto and select steel companies' shares capped the gains.
Weekly Gainers / Losers

Equity

Closing Price

Chg (%)

Hindalco Industries
124.15

18.07

ICICI Bank
835.7

12.32

Sterlite Industries (India)
745.9

11.25

Tata Steel
469.15

9.07

State Bank of India
1918.8

8.78

Tata Motors
550.95

8.41

Reliance Industries
2140.95

8.08

ACC
773.45

-2.14

ITC
227.15

-2.57

Hero Honda Motors
1563.55

-2.84

DLF
398.65

-3.79

Mahindra and Mahindra
819.8

-5.1

Maruti Suzuki India
1467.2

-5.12

Hindustan Unilever
255.95

-6.28

Global cues were a bit positive today. Asian markets ended higher barring Nikkei and Shanghai was up 2.2%. European markets were trading 0.5-0.8% higher, at the time of closing of Indian equities.
The 30-share BSE Sensex closed at 16,264.30, up 47.44 points, after witnessing a swing of 208 points between an intraday high of 16,337.98 and low of 16,130.32. The 50-share NSE Nifty went up just 1.15 points, to settle at 4829.55; it swung 64.6 points in day's range of 4856.15-4791.55. In six days, the former one gained 5.6% and later one up 5.1% on the back huge buying in oil & gas, metal and banking stocks while indices surged 3.7% and 3.2% this week, respectively.
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Banking and technology stocks helped the indices to end 1-1.5% higher. Banking stocks like ICICI Bank and SBI were up 2-2.5%. PNB and HDFC Bank went up 0.5-1% while Axis Bank was down 0.67%. In the technology space, Wipro, Infosys, HCL Tech and TCS were up 0.5-1.5%.
Index

Closing Value

Chg (%)

6-Days Chg (%)

METAL 13,458.91 -0.38 10.68
BANKEX 8,911.44 1.47 8.12
OIL&GAS 10,235.43 -0.71 6.9
SENSEX 16,264.30 0.29 5.62
NIFTY 4,829.55 10.15 5.14
CAP GOODS 13,271.55 0.6 4.52
IT 4,368.73 1.11 2.75
PHARMA 3,932.34 -0.26 2.68
SMALLCAP 7,101.27 -0.38 2.65
MIDCAP 5,921.61 -0.13 2.61
TECk 3,152.30 0.68 2.55
POWER 2,962.95 -0.31 2.24
AUTO 6,030.39 -0.6 2.06
REALTY 4,246.78 -1.63 0.88
FMCG 2,511.95 -1.18 -1.32
Pharma stocks like Apollo Hospital surged 5.10% and Ranbaxy Labs was up 4.06%. Wockhardt and Biocon gained over 0.5%. However, Glenmark, Dishman Pharma and Dr Reddys Labs slipped 1.5-2.6%.
However, oil marketing companies witnessed huge selling pressure; HPCL, IOC and BPCL lost 2.6-5%. Reliance Industries and ONGC were down 0.4% each.
Auto stocks like Amtek Auto, Tata Motors, Ashok Leyland, Maruti Suzuki and Hero Honda tanked 1.5-6%. In the FMCG space, Dabur India and HUL declined over 2.3%. Marico, United Breweries, Tata Tea, Godrej Consumer and ITC fell 0.9-1.7%.
Realty stocks like DLF was down 2.47% and Unitech down 1.8%.
In the capital goods space, Siemens, Punj Lloyd and BHEL lost 0.3-0.7% while L&T was up 1.65% and ABB up 0.57%. Power stocks like Suzlon Energy, Reliance Power, Tata Power and Reliance Infrastructure were down 0.5-1% while GVK Power surged 3.63% and Power Grid Corp up 0.98%.
In the metal pack, Jindal Steel and Sterlite Industries were down 2.7% each. However, Hindalco shot up 5.98% and NALCO was up 1.20%.
Telecom stocks like Idea Cellular, Reliance Communication and Tata Teleservices fell 1-2% while Bharti Airtel gained 1.10%.
Total traded turnover was lower at Rs 84,413.27 crore as against Rs 1,01,849.49 crore on Thursday. This included Rs 17,085.52 crore from the NSE cash segment, Rs 61,648.13 crore from the NSE segment and Rs 5,679.62 crore from the BSE cash segment.
The market breadth was weak; about 1,121 shares advanced while 1,773 shares declined. Nearly 306 shares remained unchanged. The broader indices closed marginally lower.
Top percentage gainers were Zandu Pharma, Hinduja Venture and Amrutanjan Heal, up 20% each. MMTC, MRO-TEK, Raj Television and House of Pearl gained 15-18.5%.
In the smallcap space, Tube Investment, Dhanalakshmi Bank and S Kumars Nationwide went up 9-12.5% while GMR Industries, Amtek India, Premier, Manaksia and Sagar Cement slipped 6-9%.
In the midcap space, Godrej Industries and Central Bank were up 10-12%. Vijaya Bank, HCL Info and IndusInd Bank gained 6.5% each. However, Amtek Auto, Spice Communication, Sintex India, HOEC and IBN18 Broadcast fell 4.4-6.4%.

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Sensex choppy; tech, aluminium, pharma, banks up

At 14:30 hours IST, the Sensex continued to trade with volatility. Selling in shares of oil & gas, auto, FMCG, realty, cement and private power companies was putting pressure on the markets. Sterlite Industries, BHEL and Jindal Steel were the other losers.

However, buying interest continued in technology, aluminium and banking stocks. Bharti Airtel, HDFC, L&T and Ranbaxy Labs were the other gainers, which kept the Nifty above the 4800 mark.

The market breadth was weak; about 1,045 shares advanced while 1,838 shares declined on the BSE. Nearly 316 shares were unchanged. The broader indices were down 0.5% each.

The Sensex was down 40 points at 16,176 and the Nifty fell 11 points at 4,808. However, on the global front, European markets were trading 0.5% higher.

In the oil & gas space, HPCL, IOC and BPCL were down 3-5%. Reliance Industries, GAIL, Cairn India and ONGC fell 0.4-1%.

Auto stocks like Amtek Auto, Tata Motors, Maruti Suzuki, Ashok Leyland and Hero Honda slipped 2.5-5.5%. M&M and Bharat Forge lost 0.6-0.8%.

In the realty space, DLF, Unitech and Indiabulls Real were down 1.8-3%. FMCG stocks like Dabur India, HUL, Godrej Consumer, Tata Tea, Marico and ITC fell 1.5-3%.

Power stocks like Suzlon Energy, Neyveli Lignite, Reliance Power, GMR Infra, Tata Power and Reliance Infrastructure lost 1-2%.

However, technology stocks like Wipro, Infosys, HCL Tech and TCS gained 0.5-1.3%.

Aluminium stocks like Hindalco was up 3.84% and NALCO up 1.35% while Sterlite Industries tanked 4.27%. Jindal Steel, Tata Steel, JSW Steel and SAIL fell 0.8-2.4%.

In the banking space, ICICI Bank and SBI were up 1.4-1.7%. PNB was up 0.43% and HDFC Bank up marginally.

Pharma stocks like Apollo Hospital was up 4.79% and Ranbaxy Labs up 3.41%. Biocon, Wockhardt and Cipla were up 0.3-0.7%.

Nifty holds 4800 mark; oil & gas, FMCG, realty down

At 1.22 pm, the Nifty was trading with some choppiness but holds the 4800 mark. Oil & gas, realty, FMCG and auto stocks were witnessing selling pressure while some buying was seen in IT stocks. Reliance, ITC, HDFC Bank, Sterlite Ind and Reliance Comm were negative contributors to the bourses.

The Sensex was down 28.76 points or 0.18% at 16188.10, and the Nifty was down 8.05 points or 0.17% at 4811.35.

About 1030 shares advanced, 1858 shares declined, and 311 shares were unchanged.

Vallabh Bhanshali, Chairman, Enam Securities, in an interview to CNBC-TV18 said that the market bias would remain positive given the mitigation of a drought risk, adding that the he did not see too much risk but only a 10-15% downside correction ahead. “It’s a healthy market, allowing capital raising and growth, stability, consolidation and its essential to hope that a bull market comes”

Top losers on the Sensex were Sterlite Ind at Rs 740.50 down 3.42%, Reliance Comm at Rs 294.75 down 2.72%, Hero Honda at Rs 1,550.50 down 2.36% and Jaiprakash Asso at Rs 227.20 down 2.32%.

Refinery major HPCL was trading at Rs 398.00 down 3.2% from its previous close of Rs 411.15.

Index heavyweight Hindustan Lever was trading at Rs 256.70 down 2.04% from its previous close of Rs 262.05.

Index heavyweight Reliance was trading at Rs 2,123.00 down 1.22% from its previous close of Rs 2,149.20.

The BSE oil & gas index was down 1.22% at 10,182.79. Stocks like IOC, HPCL, BPCL, Aban Offshore and RNRL were trading down 1-4%.

The BSE realty index was down 1.21% at 4,264.93. Stocks like Ansal Properties, Orbit Corporation, Peninsula Land and Unitech were down 1.5-2%.

However, top gainers on the Sensex were Hindalco at Rs 121.20 up 3.46%, Bharti Airtel at Rs 423.45 up 1.49%, Wipro at Rs 552 up 1.44%, L&T at Rs 1,615.30 up 0.86% and ICICI Bank at Rs 822 up 0.79%.

Nifty consolidates; oil & gas, FMCG, realty decline

At 12:21 hours IST, the Nifty was consolidating at current levels and not showing any direction on either side. It ignored economic data, wherein IIP (index of industrial production) was at 6.8% for the month of July as against 7.8% in the previous month and 6.4% in the same period of last year. April-July Industrial growth declined to 4.6% versus 5.6% on year-on-year basis.

On the sectoral front, oil & gas, FMCG and realty stocks were under pressure along with Sterlite Industries, Reliance Communication, BHEL, Jindal Steel, Maruti, Hero Honda, HDFC Bank, Axis Bank and Tata Power.

However, buying interest continued in technology and aluminium stocks. Bharti Airtel, ICICI Bank, NTPC, L&T, SBI, HDFC, SAIL, Ambuja Cements and Sun Pharma were the other losers.

The Sensex was down 35 points, to 16,181 and the Nifty down 13 points, to 4,806. About 377 shares advanced while 839 shares declined on the NSE.

In the oil & gas space, IOC, BPCL and HPCL went down 3.5-4.5%. Reliance Industries, Reliance Petroleum and ONGC were down 0.8-1.4%.

Almost all realty stocks were down in the BSE Realty Index. Unitech was down 2.27% and DLF down 1.63%

FMCG stocks like Godrej Consumer, Dabur India, Marico, HUL, United Breweries and ITC fell 1-1.8%.

In the midcap space, Central Bank was up 13%. P and G, IndusInd Bank, Apollo Hospital and Godrej Industries were up 3.5-6%. However, Amtek Auto, HOEC, Spice Communication, Nagarjuna Fertiliser and Era Infra Engg lost 4-5%.

In the smallcap space, Zandu Pharma, Hinduja Venture and Dhanalakshmi Bank gained 12-17%. Suashish Diamon and Welspun India were up 7% each. However, GMR Industries, Premier, Amtek India, Banco Products and Jagatjit Industries fell 5-9%.

Titan Industries, RNRL, DLF, Reliance Industries, Suzlon Energy, Unitech, Sterlite Industries and ICICI Bank were most active shares on the bourses.

Sensex volatile; realty, auto down, IT gain

At 11.20 hrs IST, the Sensex was trading with some volatility. Selling pressure was seen in realty, auto, metals, oil & gas and power stocks. However, IT and pharma stocks were witnessing some buying interest. The BSE midcap and smallcap indices were trading down 0.50% each. Infosys, ICICI Bank, L&T, HDFC and Bharti Airtel were the positive contributors to the Sensex while Reliance, ITC, HDFC Bank, ONGC and BHEL were the negative contributors.

At 11.20 hrs IST, the Sensex was up 30.73 points or 0.19% at 16247.59, and the Nifty was up 14.10 points or 0.29% at 4833.50.

About 1045 shares advanced, 1798 shares declined, and 356 shares were unchanged.

Sanju Verma, CEO-Institutional Business of Proactive Universal Group, expected the Nifty to achieve 5,200-5,300 in the near term. She added that the reason for her optimism was the fact that the current rally was entirely liquidity-driven.

Top gainers on the BSE Midcap - P&G at Rs 1,202 up 5.99%, Central Bank at Rs 116.50 up 4.25%, Monnet Ispat at Rs 362.95 up 3.60%, Biocon at Rs 242.45 up 3.54% and BEML at Rs 1,110.90 up 3.01%.

Top gainers on the Sensex were Hindalco at Rs 120.05 up 2.48%, TCS at Rs 566.80 up 1.87%, Wipro at Rs 554.10 up 1.83%, ICICI Bank at Rs 825.30 up 1.20% and ACC at Rs 798 up 0.97%.

However, top losers on the Sensex were Hero Honda at Rs 1,542.90 down 2.83%, Sterlite Ind at Rs 745 down 2.83%, Reliance Comm at Rs 298.50 down 1.49%, Maruti Suzuki at Rs 1,471.05 down 1.3% and DLF at Rs 406 down 0.67%.

Refinery major HPCL was trading at Rs 395.00 down 3.93% from its previous close of Rs 411.15.

Corporate News: Jet Pilots' union said they would dissolve union if the labour commissioner asks before media, reports CNBC-TV18. The management reiterated that it would reinstate 4-Pilots if National Aviators Guild (NAG) is dissolved. The stock was quoting at Rs 260.35, up Rs 7.10, or 2.80%. It has touched an intraday high of Rs 264.50 and an intraday low of Rs 255.

Sensex positive; L&T, ICICI Bank, TCS, Infy, RIL, SBI up

The Sensex opened higher and continued its run up for the sixth consecutive day following positive Asian cues. Among the frontliners, Mahindra & Mahindra, Cairn India, ICICI Bank, TCS, Hindalco, Siemens, HDFC, Reliance Power, DLF, Reliance Infrastructure, Nalco, Infosys and ITC were the gainers.

At 9:57 am, the Sensex was up 84 points at 16,300 and the Nifty up 24 points at 4,843. The CNX Midcap was up 52 points, to 6,271 and the BSE Smallcap up 54 points, to 7,182. About 495 shares advanced while 55 shares declined on the NSE.

However, ONGC, GAIL, Tata Power, HDFC Bank and Cipla were losers.

Sterlite Industries fell 4%, as it raised bid for Asarco to $2.56 billion from $2.29 billion.

Midcap space:

Jet Airways was up 3.5%, as National Aviators Guild (NAG) expects resolution at reconciliation meet today. Jet ground staff asked pilots to call off strike immediately.

Glenmark was up 2%, as its QIP (qualified institutional placement) opened, which is priced at Rs 221/share, according to sources.

PSL and Man Industries were up 2% each. Ashapura Minechem was up 5%.

Century Textiles, Arvind, House of Pearl and Alok Industries were up 2-5%, as Textile Minister said additional $1.5 billion textile exports possible to US and Rs 2,546 crore released under TUFS in single tranche.

Raj TV was up 7%. Omaxe gained 4% as the company will develop 3601 acres township in NCR and estimated revenues Rs 7,500 crore over 5-7 years.

Global cues:

Asian markets were trading higher. Shanghai was up 1.2%. Hang Seng, Jakarta, Kospi and Taiwan Weighted were up 0.2-0.7%. However, Nikkei lost 0.3%.

The US markets gained for the fifth day on better-than-expected jobless claims and positive outlook from companies like P&G.

The Dow Jones Industrial Average was up 80.3 points at 9,627.5. The S&P 500 Index was up 10.8 points at 1,044 and the Nasdaq Composite up 23.6 points at 2,084.

Commodities:

The Reuters CRB was up 0.8%.

Crude rose 6% this week. Inventories declined 5.9 million barrels to 337.5.

Gold was up 4.5% in September and Silver up 1.2% on Thursday; up 20% in September.

Base metals continued to be weak. Copper was down 2% and aluminium down 1.5%.

Lead was down 2% on Thursday. It declined 13% yesterday.

Market cues:

-FIIs net buy USD 51 million in equity on September 9
-NSE F&O Open Int up Rs 3510 crore at Rs 95,391 crore
-NSE F&O Turnover at Rs 75,583 crore versus 5 day average of Rs 62,437crore
-FIIs net buy Rs 468 crore in cash markets on September 10 (prov)
-DIIs net sell Rs 124 crore in cash markets on September 10 (prov)
-FIIs net buy Rs 1071 crore in F&O on September 10

F&O cues:

-Futures Open Int up by Rs 535 crore, Options Open Int up by Rs 2,974 crore
-Nifty up 0.1%, Open Int up by 5%
-Nifty futures continue to trade at 1-pt discount versus 3-pt premium
-Nifty IVs at 28-31%
-Nifty Open Int PCR at 1.36 versus 1.34
-Nifty Puts add 35.2 lakh, Calls add 21.3 lakh shares in Open Int
-Nifty September 4900 Call adds 11 lakh shares in Open Int
-Nifty September 4800 Put adds 6 lakh shares in Open Int
-Nifty September 4900 Put adds 5.5 lakh shares in Open Int
-Nifty September 5000 Call adds 4.2 lakh shares in Open Int
-Stock futures shed 1 crore shares in Open Int