Post-market: Markets end Sept series on a high

September 30, 2010 | 5:30 PM Markets end Sept series on a high The domestic markets recover in the last hour of trade and end the September series on a positive note, with the Sensex and the Nifty regaining 20000 and 6000 levels respectively Major headlines Food inflation rises to 16.44% State Bank of India keeps base rate unchanged at 7.5%; the stock ends higher by 1.22%  Mahindra Satyam slumps on reporting losses; the stock closes 8.90% lower Indian indices The domestic markets ended the September series on a strong note. The markets saw a sharp spike in the last half-an-hour of trade after a choppy trade, with a negative bias since morning and finally shut the session higher. It was a historical session for the Indian markets wherein it clocked the highest ever turnover; total traded turnover on exchanges reported at over Rs2.3 lakh crore. The F&O turnover crossed over Rs2 lakh crore. The Nifty and the Sensex managed to regain their psychological levels of 6000 and 20000, respectively on the back of a late surge in trade, with buying in banks, metals, fast moving consumer goods (FMCG) lifting the markets higher at the close. Heavyweights like Oil & Natural Gas Corporation, Reliance Industries, Larsen & Toubro, Infosys Technologies, NTPC, Tata Motors and Bharti Airtel were putting pressure on the markets. Housing Development Finance Corporation rallied by 3%. ITC, Cairn, Sterlite Industries, HDFC Bank, Maruti Suzuki, Axis Bank, Cipla, Sun Pharmaceuticals, Hindalco Industries and GAIL were the only gainers.   INDEX PERFORMANCE Index Close % chg Sensex 20,069.12 0.57 Nifty 6,029.95 0.65  MARKET INDICATORS  Top Movers (Group A) Company Price (Rs) % chg Gainers GTL Infra 46.70 3.55 Godrej Properties 736.90 3.46 HDFC 730.00 3.29 Losers Patni Computers 416.00 -5.02 Tech Mahindra 756.35 -4.65 Ambuja Cements 140.70 -4.25 Market Statistics s BSE NSE Advances 1,309 698 Declines 1,644 1,155 Volumes (Rs crore) Cash (BSE+NSE) 24,492 F&O (NSE) 207,642 The Sensex began the session 25 points lower at 19931. The index briefly turned positive in initial trades. However the gains remained short-lived as index soon slipped in to the negative zone. The Sensex traded in the red throughout the morning session, with the Sensex hitting the day?s low of 19864. The Sensex turned choppy with a negative bias in the afternoon trades. In the last hour of trades, the Sensex erased all its losses and turned positive, hitting the day?s high of 20115 as late buying was seen in banking, metal and FMCG stocks. Market Outlook: In the US tonight, initial jobless claims and revised second quarter gross domestic product (GDP) will be out. At the finishing line, the Sensex shut at 20069, 113 points higher. The Nifty ended at 6030, up by 39 points. Bond and Rupee update: Markets were closed today for half-yearly closing of banking accounts. Market sentiment Despite of positive closing by the domestic indices, the market breadth was weak as declining stocks outdid the advancing ones. Out of the 3,073 stocks traded on the BSE, 1,644 declined while 1,309 advanced. Hundred and twenty stocks remained unchanged. Viewing volumes India?s biggest copper and zinc producer ? Sterlite Industries was the most traded, with over 0.39 crore shares changing hands on the BSE, followed by wind turbine major- Suzlon Energy (0.37 crore shares), India?s second largest developer - Unitech (0.28 crore shares), sugar major- Shree Renuka Sugars (0.21 crore shares) and industrial finance company - IFCI (0.17 crore shares). Sectoral & stock screening Of the 13 sectoral indices on the BSE, seven rallied while six posted losses. BSE FMCG was the top gainer, up by 1.40%, followed by the BSE Metal that surged by 0.82%. On the other hand, BSE Oil & Gas lost the most by 1.17%, followed by BSE Consumer Durables (CD) that declined by 0.89%. On the ?A? group stocks' front, GTL Infrastructure surged the most by 3.55%, followed by Godrej Properties that rose by 3.46% and Housing Development Finance Corporation gained by 3.29%. On the losers? side, Patni Computer Systems fell the most by 5.02%, followed by Tech Mahindra that slid by 4.65% and Ambuja Cements slipped by 4.25%. Global signals The European shares fell for a fourth straight session today, with concerns about deeper fiscal cuts in Ireland and Moody's downgrade of Spain's government bond ratings keeping investors cautious. The major Asian indices closed mixed. Indices like Shanghai Composite, Jakarta Composite and Kospi shut in the positive territory while Hang Seng, Nikkei and Straits Times ended in the negative territory. The US stock index futures signal towards a lower opening on the Wall Street tonight, ahead of the second quarter GDP, weekly jobless claims and Chicago PMI data for September. Manage your newsletter subscriptions To know more about our products and services, click here. ?This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (?SHAREKHAN and affiliates?) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. 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nifty fut trading idea for1st oct

Nifty fut

Recommendation: Buy at / above: 6045.06   Targets: 6061.48 - 6080.95 - 6100.46 - 6120 Stoploss : 6025.64 Sell at / below: 6025.64   Targets: 6009.25 - 5989.88 - 5970.54 - 5951.23 Stoploss : 6045.06

 

nifty charts for chartists

 

Business Standard: VERDICT OUT: 3-WAY DIVISION OF AYODHYA LAND

VERDICT OUT: 3-WAY DIVISION OF AYODHYA LAND
The Allahabad High Court today ruled by majority that the disputed land in Ayodhya be divided into three parts, and to be distributed among the Babri commitee, Nirmohi Akhara and the party for \'Ram Lalla\'.
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Issues involved in the Ayodhya title suit

A judgement by the Lucknow bench of the Allahabad High Court on the Ayodhya title suit is expected to address a large number of issues. But, first a brief history of the various suits filed over a large period of time. Status: Currently, the Centre is the statutory receiver of all the disputed 67.7 acres of land through the Acquisition of Certain Area at Ayodhya Act 1993 pending settlement of the land title dispute. This is the position since 7 January 1993. As it is not party to the case the Centre cannot challenge any verdict before the Supreme Court. It, however, has powers to enact a law to undo a court order. As one of the defendants the Uttar Pradesh government can challenge the verdict and seek status quo. In which case the Centre may be bound to attach itself to any such petition moved before the Supreme Court. The litigants: There are five title suits before the court. The Hindu Mahsabha's late Gopal Singh Visharad and Paramhansa Ramchandra Das, who were the first two people to file the title suits in 1950, are now represented in the case by their son Rajenda Singh Visharad and disciple Mahant Ram Das respectively. Other litigants to the dispute are the Nirmohi Akhara, which filed the third suit in December 1959 and wishes to assume control of the property. The Sunni Central Wakf Board filed in 1961 seeking declaration of the structure as a mosque and removal of idols and other articles and also asking for the plot to be handed over to it. All four suits were combined in 1964. In July 1989 retired Allahabad high court judge Deoki Nandan Agrawal filed yet another suit on behalf of the 'Ram Lalla' (young Ram) which has been installed at the site. His representatives are now party to the case. The Babri Masjid Action Committee has become a litigant by proxy. Historically the first suit goes back to 1885 when Mahant Raghubar Das filed a title suit in a Faizabad court to build a 'chabutra' (raised platform) on the outer courtyard of the disputed structure. His suit was dismissed on the ground that the alleged demolition of an original Ram temple in 1528 had occurred over 350 years earlier and it was 'too late now' to remedy the grievance. Friday's judgment will not be a final verdict on the dispute as it can be appealed in the Supreme Court by any one of the contending parties. An initial Supreme Court ruling can also be appealed through a curative petition and the matter referred to a larger bench. The Issues Major issues:  If the structure demolished in 1992 was indeed a mosque, as claimed by the plaintiff Muslim organisations, and if so, then when was it built and by whom? Was a Hindu temple demolished to enable its construction? Were Muslims in continuous possession of the property from 1528 when it was allegedly built; If the suit has been filed too late; If Hindus have earned the right to pray at the site through adverse and continuous possession; If the disputed piece of land is Ram's birthplace and if Hindus have worshipped the site as Ram's birthplace from time immemorial; Other issues: If the land adjoining the structure on its east, north and south housed an ancient graveyard and a mosque; Whether any mosque can be reconstructed on the plot in view of Islamic tenets which shun sites where idols have been placed. Whether the structure was a mosque at all as it had no minarets, and the fact that it was hemmed in by a graveyard from three sides; If the structure can still be called a mosque after the demolition Lets wait and watch ...... what finally happens.........  we have take that........ Because we are Indians.......... Regards Santosh Sharma

NIFTY CHART FOR CHARTISTS

 

indian market

Indian Markets

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BSE

Index	Last Traded	Change
Sensex	19,933.38	-171.48    -0.85%
Bse200	2,523.74	-19.06    -0.75%
Bse500	7,964.41	-56.63    -0.71%
Bse Midcap	8,093.84	-64.53    -0.79%
Bse Smallcap	10,222.04	-61.99    -0.6%

NSE

Index	Last Traded	Change
Nifty	5,991.30	-38.2    -0.64%
NIFTY MIDCAP 50	3,029.65	-17.1    -0.56%
S&P CNX 500	4,926.05	-34.6    -0.70%
CNX MIDCAP	9,206.45	-63.6    -0.69%
CNX 100	5,952.80	-34.55    -0.58%

Investor Activity

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FII (BSE+NSE)

Trade Date	Buy	Sales	Net
Sep 28, 2010	3,339.38	2,766.25	573.13

DII (BSE+NSE)

Trade Date	Buy	Sales	Net
Sep 28, 2010	1,087.89	1,993.21	-905.32

Futures

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Sep 30, 06:40

NSE

 5,998.00    -51.90

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SGX Nifty

 5,996.00    -59.00

Inflation

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Month ending August, 2010

8.50%(-1.30)

Precious Metals

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Sep 27, 2010

Gold19,080    0.0

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Silver32,750    0.0

IIP Data

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Jul, 2010

13.80%+8.00

FD Rate (SBI)

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Nov 09, 2009

6.0% ( Term deposit: 365 - 729 days )

 

global markets

Market Indicators

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Global

Domestic

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World Markets

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Asia
Sep 30, 05:56

Index	Last Traded	Change
Nikkei 225	9,550.00	-9.38   -0.10%
Straits Times	3,106.03	+8.68   0.28%
Hang Seng	22,378.67	+268.72   1.22%
SSE Composite Index (Shanghai)	2,610.68	-0.68   -0.03%

America
Sep 30, 02:45

Index	Last Traded	Change
Nasdaq	2,376.56	-3.03   -0.13%
S&P500	1,144.73	-2.97   -0.26%
Dow Jones Ind. Avg.	10,835.28	-22.86   -0.21%

Europe
Sep 29, 21:46

Index	Last Traded	Change
DAX	6,246.92	-29.17   -0.46%
CAC 40	3,737.12	-25.23   -0.67%
BEL-20	2,602.69	-0.81   -0.03%
FTSE 100	5,569.27	-9.17   -0.16%

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Futures

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Sep 30, 06:35

NASDAQ 100

2,008.25 -0.25

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DOW JONES INDUS $10

10,769.00 -11.00

Crude Oil

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$ 76.35(+0.17)

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$ vs...

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30 Sep, 06:11

Pound	0.6324
EURO	0.7340
Yen	83.0741
INR	44.8600