Mon, Dec 10, 2012 at 17:00PM
Markets closed flat.
Markets closed flat, being range bound in afternoon session, after opening a bit higher in the morning. Sensex ended down by 14.41 points or 0.07% to close at 19,409.69, while Nifty advanced 1.90 points or 0.03% to end at 5,908.90.
Sector wise Consumer Durables index was the top loser, down 1.5% or 121 points to close at 8,024. Teck, IT, Oil & Gas, Auto, Power, Capital Goods and Metal indices also closed weaker by down 0.1-1% each. While, Realty index with a gain of 1.15% was the top gainer. Healthcare, Bankex, FMCG and PSU indices also advanced 0.2-0.6% each.
Bharti Airtel, NTPC, index heavyweight Reliance Industries, ICICI Bank, Hindalco, Infosys, Tata Power, Larsen & Toubro, Jindal Steel, ONGC, Coal India, BHEL, ITC and TCS also slipped lower in trades today due to profit booking.
Tata Consultancy Services ended lower by about 2.5%. NTPC lost nearly 2%. Bharti Airtel ended 1.4% down and Maruti Suzuki closed lower by 1.1%. Mahindra & Mahindra, ICICI Bank, Reliance Industries, Hindalco, Tata Power, Larsen & Toubro, Tata Motors and ONGC also ended weak. Cairn India, IDFC, Grasim Industries, Siemens, Ultratech Cement and Jaiprakash Associates ended with sharp to moderate losses. Bank of Baroda moved up by over 4%. HDFC and Dr Reddy's Laboratories ended higher by 3.7% and 3%, respectivley. Punjab National Bank, Reliance Infrastructure, Tata Steel, Kotak Bank, Cipla and Bajaj Auto gained 1% - 2.5%. Sun Pharmaceutical Industries, HCL Technologies, Hero Motocorp, DLF, Hindustan Unilever and Lupin also closed on a firm note. Sugar stocks were in demand following the government hiking state advised price for sugarcane for the 2012-2013 crushing season. Indian Overseas Bank, Sadbhav Engineering and KEC International moved up on stock specific stories.
Among other stocks, Claris Lifesicences tanked 10% to Rs 238, extending its Friday’s 4% fall, after the company said that its board has approved the sale of its infusion business, on a slump basis, for Rs 1,050 crore. Historically, these businesses have accounted for around 55% of Claris' business. Sesa Goa fell 2% after a panel appointed by India's top court recommended scrapping 42 iron ore mining leases in Goa until mining companies submit plans to deal with the environmental impact and the legal details involved, a lawyer who attended the hearings said. NMDC dipped 4% at Rs 153, extending its Friday’s 3% fall on reports that the government is likely to sell its 10% equity this week in iron ore miner through the offer-for-sale (OFS) route. Mahindra & Mahindra, Maruti Suzuki and Tata Motors fell 0.7-1% each on reports that automobile exports from India registered a drop of 4.57% during the April to November period this fiscal, compared to the same period last year.
The overall market breadth was marginally positive, out of 3059 stocks traded on BSE, 1536 stocks moved up. 1406 stocks declined and 117 stocks ended flat.
Sector wise Consumer Durables index was the top loser, down 1.5% or 121 points to close at 8,024. Teck, IT, Oil & Gas, Auto, Power, Capital Goods and Metal indices also closed weaker by down 0.1-1% each. While, Realty index with a gain of 1.15% was the top gainer. Healthcare, Bankex, FMCG and PSU indices also advanced 0.2-0.6% each.
Bharti Airtel, NTPC, index heavyweight Reliance Industries, ICICI Bank, Hindalco, Infosys, Tata Power, Larsen & Toubro, Jindal Steel, ONGC, Coal India, BHEL, ITC and TCS also slipped lower in trades today due to profit booking.
Tata Consultancy Services ended lower by about 2.5%. NTPC lost nearly 2%. Bharti Airtel ended 1.4% down and Maruti Suzuki closed lower by 1.1%. Mahindra & Mahindra, ICICI Bank, Reliance Industries, Hindalco, Tata Power, Larsen & Toubro, Tata Motors and ONGC also ended weak. Cairn India, IDFC, Grasim Industries, Siemens, Ultratech Cement and Jaiprakash Associates ended with sharp to moderate losses. Bank of Baroda moved up by over 4%. HDFC and Dr Reddy's Laboratories ended higher by 3.7% and 3%, respectivley. Punjab National Bank, Reliance Infrastructure, Tata Steel, Kotak Bank, Cipla and Bajaj Auto gained 1% - 2.5%. Sun Pharmaceutical Industries, HCL Technologies, Hero Motocorp, DLF, Hindustan Unilever and Lupin also closed on a firm note. Sugar stocks were in demand following the government hiking state advised price for sugarcane for the 2012-2013 crushing season. Indian Overseas Bank, Sadbhav Engineering and KEC International moved up on stock specific stories.
Among other stocks, Claris Lifesicences tanked 10% to Rs 238, extending its Friday’s 4% fall, after the company said that its board has approved the sale of its infusion business, on a slump basis, for Rs 1,050 crore. Historically, these businesses have accounted for around 55% of Claris' business. Sesa Goa fell 2% after a panel appointed by India's top court recommended scrapping 42 iron ore mining leases in Goa until mining companies submit plans to deal with the environmental impact and the legal details involved, a lawyer who attended the hearings said. NMDC dipped 4% at Rs 153, extending its Friday’s 3% fall on reports that the government is likely to sell its 10% equity this week in iron ore miner through the offer-for-sale (OFS) route. Mahindra & Mahindra, Maruti Suzuki and Tata Motors fell 0.7-1% each on reports that automobile exports from India registered a drop of 4.57% during the April to November period this fiscal, compared to the same period last year.
The overall market breadth was marginally positive, out of 3059 stocks traded on BSE, 1536 stocks moved up. 1406 stocks declined and 117 stocks ended flat.
Mon, Dec 10, 2012 at 13:30PM
Markets continue to trade flat.
Markets continued to trade flat in afternoon deals, with Sensex is down by 26 points at 19,398, while Nifty is down by 8 points at 5,899.
Among sector wise, Mid-cap index has added 27 points while small-cap index is up 16 points at 7,461.
Post vote on FDI in multi-brand retail, profit booking has been seen on the counter. Bank stocks have gained as the Banking Laws (Amendment) Bill, 2011 will be brought for consideration and passage in Lok Sabha today. HDFC bank and SBI are flat in trades, while HDFC is the gainer - up by 2.2% at Rs 856. Cipla, Wipro and Hindustan Unilever have added 1-2% each. Among other gainers are Tata Steel, Gail and BHEL. On the other hand, Sterlite and Hindalco from the metal space has slipped 2% each. TCS is down 1.2%, followed by Tata Power and ITC.
Overall market breadth is marginally positive. Out of 2763 stocks traded, 1397 shares have advanced while 1251 shares have delcined.
The rupee failed to maintain initial gains against dollar, but was still quoted higher today in late morning trade by 10 paise to 54.37 on selling of the American currency by banks and exporters amid foreign capital inflows in equity market.
Among sector wise, Mid-cap index has added 27 points while small-cap index is up 16 points at 7,461.
Post vote on FDI in multi-brand retail, profit booking has been seen on the counter. Bank stocks have gained as the Banking Laws (Amendment) Bill, 2011 will be brought for consideration and passage in Lok Sabha today. HDFC bank and SBI are flat in trades, while HDFC is the gainer - up by 2.2% at Rs 856. Cipla, Wipro and Hindustan Unilever have added 1-2% each. Among other gainers are Tata Steel, Gail and BHEL. On the other hand, Sterlite and Hindalco from the metal space has slipped 2% each. TCS is down 1.2%, followed by Tata Power and ITC.
Overall market breadth is marginally positive. Out of 2763 stocks traded, 1397 shares have advanced while 1251 shares have delcined.
The rupee failed to maintain initial gains against dollar, but was still quoted higher today in late morning trade by 10 paise to 54.37 on selling of the American currency by banks and exporters amid foreign capital inflows in equity market.
Mon, Dec 10, 2012 at 11:30AM
Markets continue to trade flat.
Markets continue to trade on a flat note in the morniong deals on the back of subdued global cues. Sensex is up 14 points at 19,438, while Nifty has advanced 3 points to 5,910 levels.
Sectoral wise, BSE realty index has emerged as the top gainer, up 1.3% or 28 points at 2,130 levels, Power, Healthcare, Bankex and PSU indices are also up 0.3% each. While, Metal index is the top loser, down 0.5% at 10,517. FMCG, and Teck indices are also trading marginally in the red.
Among individual stocks, TTK Healthcare has rallied almost 5% at Rs 508, extending its two-week long rally on reports that the pharmaceutical company is planning to merge TTK-LIG into itself. The stock has outperformed the market by gaining about 27% in past ten trading sessions. While Sesa Goa fell 2% after a panel appointed by India's top court recommended scrapping 42 iron ore mining leases in Goa until mining companies submit plans to deal with the environmental impact and the legal details involved, a lawyer who attended the hearings said. Also Shares of sugar manufacturing companies are under pressure in early morning trades on reports that the Uttar Pradesh (UP) has increased State Advised Price (SAP) for sugarcane procurement by more than 15% to Rs 275-290 a quintal for 2012-13 compared to last year. SAP is the price below which mills cannot buy cane from farmers.
Sectoral wise, BSE realty index has emerged as the top gainer, up 1.3% or 28 points at 2,130 levels, Power, Healthcare, Bankex and PSU indices are also up 0.3% each. While, Metal index is the top loser, down 0.5% at 10,517. FMCG, and Teck indices are also trading marginally in the red.
Among individual stocks, TTK Healthcare has rallied almost 5% at Rs 508, extending its two-week long rally on reports that the pharmaceutical company is planning to merge TTK-LIG into itself. The stock has outperformed the market by gaining about 27% in past ten trading sessions. While Sesa Goa fell 2% after a panel appointed by India's top court recommended scrapping 42 iron ore mining leases in Goa until mining companies submit plans to deal with the environmental impact and the legal details involved, a lawyer who attended the hearings said. Also Shares of sugar manufacturing companies are under pressure in early morning trades on reports that the Uttar Pradesh (UP) has increased State Advised Price (SAP) for sugarcane procurement by more than 15% to Rs 275-290 a quintal for 2012-13 compared to last year. SAP is the price below which mills cannot buy cane from farmers.
Mon, Dec 10, 2012 at 10:30AM
Markets trading flat.
Sensex, which declined to 19,393.68 after surging to 19,471.15, is currently up 8 points or 0.04% at 19,432.05, while Nifty is up 3 points or 0.05% at 5910.40. Earlier, after rising to 5916.90, Nifty drifted down to 5894.20.
Wipro is trading nearly 2% up. Tata Motors, GAIL India, Coal India, BHEL, HDFC and Tata Power are up 1% - 1.4%. Hero Motocorp, Tata Steel, Hindustan Unilever, Infosys and Maruti Suzuki are also trading firm.
Reliance Infrastructure, DLF, HCL Technologies, Bank of Baroda, Asian Paints, Punjab National Bank, Lupin and Siemens are trading firm.
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