November 29, 2012

Market Pulse - Nov 29, 2012


Thu, Nov 29, 2012 at 15:30PM
Markets closes higher
Market started off on a firm note on global cues, and kept surging higher as the day progressed. Easing worries about U.S. fiscal cliff, hopes of economic reforms, recent encouraging ratings on the economy and the market lifted sentiment. Data showing heavy buying by FIIs on Wednesday, contributed as well to the rally.
Sensex moved past the psychological 19,000 mark and ended at 19,178 (provisional) with a gain of around 336 points or 1.8%, while Nifty closed at 52 weeks high at 5823.90, up 96.45 points or 1.68%.
Realty stocks were on song. Bank and automobile stocks too posted strong gains. Consumer durables, FMCG, oil and metal stocks too had a good outing. Healthcare stocks surged higher. Power and information technology stocks ended on a mixed note. While midcaps had a good run up north, buying was selective in the smallcap space. The market breadth was positive.

Thu, Nov 29, 2012 at 14:30PM
Markets extend gains.
Index have extended the gains and have reached near day highs ahead of November futures and options series set to expire today as traders roll over positions to the December series.
Firm global cues and consistent buying among Auto, Banking, Capital Goods and Oil & Gas have buoyed the sentiments among local investors. The rise also comes after the political logjam over allowing foreign direct investment (FDI) in the retail sector seems to have given way to a discussion in Parliament, which allows voting post the debate.
By 14:20, Sensex surged by 261 points at 19,103, and the Nifty was up 75 points at 5,803 levels. The Sensex and the Nifty reached an intra-day high of 19,110 levels and 5,806 mark, respectively.

Thu, Nov 29, 2012 at 13:15PM
Markets near day's high.
Markets are trading near the day's highs on the back of broad-based buying visible in key frontline stocks. The rise comes after the political logjam over allowing foreign direct investment (FDI) in the retail sector seems to have given way to a discussion in Parliament, which allows voting post the debate. The BSE Sensex has gained 231 points at 19,073 while Nifty is up 65 points at 5,792 on the day of the derivatives expiry.
Among the sectoral indices, BSE realty index has gained 3% at 1,995. Auto, metal and bankex have surged 1.5-2% each. Meanwhile, weakness can be seen in IT shares. BSE IT index is down 0.5% at 5842. Financials are leading the gains. HDFC and ICICI Bank have contributed around 65 points to the index's upmove on the BSE. Sterlite is the top gainer - up 4.5% at Rs 107. tata Motors and Bajaj Auto from the auto space - are up 4% aech. Among other gainers are Cipla, Larsen & Toubro, Reliance and ONGC. On the other hand, Infosys is down 1.5% at Rs 2,432. BHEL and Maruti are down half a per cent each. BSE market is also positive. Out of 2,831 stocks traded, 1615 stocks have advanced while 1097 stocks have declined.

Thu, Nov 29, 2012 at 12:15PM
Markets trading higher, Sensex sustaining 19000 Nifty inching up towards 5800
Stable outlook given by Moody's for India's sovereign credit, Goldman Sach's upward revision in rating for Indian stocks to 'overweight' from 'market weight' and hopes that the Indian government will speed up reforms are contributing to the buoyant mood in the market.Sensex, which has moved past the psychological 19,000 mark, is currently up 222.49 points or 1.18% at 19,064.57, slightly off the day's high of 19,076.12, the Nifty index of the National Stock Exchange is up 66.40 points or 1.14% at 5793.85.
Realty, automobile, bank and capital goods stocks are mostly up with strong gains. Several stocks from oil, FMCG, consumer durables, metal and PSU sectors are also trading notably higher. A few stocks from healthcare section are also up with impressive gains. Information technology stocks remain subdued

Thu, Nov 29, 2012 at 11:00AM
Markets surges higher, Sensex crosses 19000 Nifty nearing 5800
Markets building their morning gains at noon on the back of broad-based buying visible in key front line stocks. The rise comes after the political logjam over allowing foreign direct investment (FDI) in the retail sector seems to have given way to a discussion in Parliament, which allows voting post the debate. Sensex has surged 250 points to 19,091 and Nifty has advanced 69 points to 5,796. Markets have opened higher in trades today tracking firm global cues.

Thu, Nov 29, 2012 at 10:00AM
Markets open higher on firm global cues.
Markets have opened higher in trades today tracking firm global cues. Sensex has advanced 94 points to open at 18935 and Nifty has advanced 23 points to 5750.

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