Markets closed in red.
The market which started off on a high note this morning with investors going on a buying spree, betting on hopes the government would speed up economic reforms, could not hold on to the higher levels and slid sharply into red past mid afternoon, before staging a smart rally from lower levels. Sensex and Nifty ended the day in the red, but well off intra-day lows, while the Sensex, which rose to 19,612.29 and plunged to a low of 19,285.29 during the day, ended the session with a loss of 22.55 points or 0.12% at 19,387.14, and Nifty closed at 5898.80, recording a loss of 10.10 points or 0.17%, touched a high of 5965.15 and a low of 5865.45 during the day.
Realty stocks declined sharply, and mirroring their fall, the BSE Realty index ended nearly 2% down. Power, PSU, Oil & Gas and information technology stocks too mostly closed weak. Metal, bank and capital goods stocks had a bright spell early on in the session, but failed to hold at higher levels. Select automobile and healthcare stocks edged higher. FMCG stocks had a fairly good posting. Jindal Steel & Power, Bajaj Auto and Hindustan Unilever ended stronger by 2% - 2.6%. Sun Pharmaceutical Industries moved up by 1.8% and HDFC gained around 1.3%. ITC, Hero Motocorp and Larsen & Toubro closed with modest gains. Ambuja Cements, Ultratech Cement, ACC, IDFC, BPCL and Siemens ended on a firm note. Hindalco, BHEL, Cairn India, DLF, HCL Technologies, NTPC, Tata Consultancy Services, ONGC, Coal India, Reliance Industries, Punjab National Bank, Bharti Airtel, Maruti Suzuki, Tata Steel and Tata Power ended lower by 1% - 2.8%.
Wipro saw some brisk buying in morning trade following an announcement from the company that it has sold its vanaspati brand 'Sunflower' to food multinational Cargill. Bharat Electronics moved higher following the company signing a pact with Israel Aerospace Industries for co-operation on future long range surface to air missle ship-defence system projects. NMDC surged higher ahead of a stake sale that will commence on Wednesday. L&T Finance Holdings, Reliance Communications and Karnataka Bank declined on profit taking.
The market breadth was weak. Out of 3061 stocks traded on BSE, 1766 stocks declined. 1154 stocks moved up and 141 stocks ended flat.
Realty stocks declined sharply, and mirroring their fall, the BSE Realty index ended nearly 2% down. Power, PSU, Oil & Gas and information technology stocks too mostly closed weak. Metal, bank and capital goods stocks had a bright spell early on in the session, but failed to hold at higher levels. Select automobile and healthcare stocks edged higher. FMCG stocks had a fairly good posting. Jindal Steel & Power, Bajaj Auto and Hindustan Unilever ended stronger by 2% - 2.6%. Sun Pharmaceutical Industries moved up by 1.8% and HDFC gained around 1.3%. ITC, Hero Motocorp and Larsen & Toubro closed with modest gains. Ambuja Cements, Ultratech Cement, ACC, IDFC, BPCL and Siemens ended on a firm note. Hindalco, BHEL, Cairn India, DLF, HCL Technologies, NTPC, Tata Consultancy Services, ONGC, Coal India, Reliance Industries, Punjab National Bank, Bharti Airtel, Maruti Suzuki, Tata Steel and Tata Power ended lower by 1% - 2.8%.
Wipro saw some brisk buying in morning trade following an announcement from the company that it has sold its vanaspati brand 'Sunflower' to food multinational Cargill. Bharat Electronics moved higher following the company signing a pact with Israel Aerospace Industries for co-operation on future long range surface to air missle ship-defence system projects. NMDC surged higher ahead of a stake sale that will commence on Wednesday. L&T Finance Holdings, Reliance Communications and Karnataka Bank declined on profit taking.
The market breadth was weak. Out of 3061 stocks traded on BSE, 1766 stocks declined. 1154 stocks moved up and 141 stocks ended flat.
Tue, Dec 11, 2012 at 13:00PM
Markets slips from high.
Markets have skid down from day's high into negative. Sensex is down by 71.51 points or 0.37%, while Nifty down by 30.15 points or 0.51% at 5878.85.
Among the stocks in the Realty index, Anant Raj Industries is down 5.3%, Indiabulls Real Estate is down with a loss of 4.5%, HDIL, Oberoi Realty and Parsvnath Developers are trading lower by 3% - 4 percent. DLF, Phoenix Mills and Prestige Estates are also trading sharply lower, while Sobha Developers is bucking the trend and is up in positive territory with a gain of 1.3%, while Power stocks BHEL, CESC, Crompton Greaves, GMR Infrastructure, Lanco Infratech, NHPC, Reliance Power, Suzlon Energy, Tata Power and Torrent Power are trading lower by 1% - 3.7%. Hindustan Unilever, Sun Pharmaceutical Industries, Bajaj Auto, Ambuja Cements, Ultratech Cement and Jindal Steel & Power are up 1% - 2%. HDFC, ACC, BPCL and ITC are also up in positive territory.
Among the stocks in the Realty index, Anant Raj Industries is down 5.3%, Indiabulls Real Estate is down with a loss of 4.5%, HDIL, Oberoi Realty and Parsvnath Developers are trading lower by 3% - 4 percent. DLF, Phoenix Mills and Prestige Estates are also trading sharply lower, while Sobha Developers is bucking the trend and is up in positive territory with a gain of 1.3%, while Power stocks BHEL, CESC, Crompton Greaves, GMR Infrastructure, Lanco Infratech, NHPC, Reliance Power, Suzlon Energy, Tata Power and Torrent Power are trading lower by 1% - 3.7%. Hindustan Unilever, Sun Pharmaceutical Industries, Bajaj Auto, Ambuja Cements, Ultratech Cement and Jindal Steel & Power are up 1% - 2%. HDFC, ACC, BPCL and ITC are also up in positive territory.
Tue, Dec 11, 2012 at 13:00PM
Markets trading firm.
Markets off the day's high, but trading in the positive zone, led by buying demand among FMCG, Banking and Tech shares. Sensex is up by 59.62 points or 0.31% at 19,469.31, while Nifty up by 11.90 points or 0.28% at 5920.90.
Sector wise, BSE Healthcare, FMCG, Banks, IT and TECk indices have gained by around 1% each, while BSE Realty, Power and Auto indices are trading marginally lower.
The main gainers at this hour include Sun Pharma, JSPL, Bajaj Auto, HUL, JSPL, HDFC, ICICI Banka and ITC, all gaining between 1-3%, while loosers are BHEL, Tata Motors, Tata Power, Hindalco, Sterlite and Maruti Suzuki have fallen between 0.4-5%.
Lakshmi Vilas Bank has surged over 14% at Rs 111 in late morning deals on the back of heavy volumes. Stock currently is trading at its lifetime high and has rallied 37% in past two trading sessions on the BSE. Videocon Industries was up 2% after the company announced new oil discovery in ultra deep waters of Sergipe Alagoas Basin in Brasil.
The overall market breadth remains marginally positive with 1,181 shares advancing and 1,492 shares declining.
Sector wise, BSE Healthcare, FMCG, Banks, IT and TECk indices have gained by around 1% each, while BSE Realty, Power and Auto indices are trading marginally lower.
The main gainers at this hour include Sun Pharma, JSPL, Bajaj Auto, HUL, JSPL, HDFC, ICICI Banka and ITC, all gaining between 1-3%, while loosers are BHEL, Tata Motors, Tata Power, Hindalco, Sterlite and Maruti Suzuki have fallen between 0.4-5%.
Lakshmi Vilas Bank has surged over 14% at Rs 111 in late morning deals on the back of heavy volumes. Stock currently is trading at its lifetime high and has rallied 37% in past two trading sessions on the BSE. Videocon Industries was up 2% after the company announced new oil discovery in ultra deep waters of Sergipe Alagoas Basin in Brasil.
The overall market breadth remains marginally positive with 1,181 shares advancing and 1,492 shares declining.
Tue, Dec 11, 2012 at 10:30AM
Markets gains momentum.
Markets extended gains, after opening high ,in the morning trades on the back of buying interest in banks, IT and FMCG sector. Sensex was up by 145 points at 19,555, while Nifty was up by 38 points at 5,947.
Broader markets underperformed with the midcap index flat with a positive bias and the smallcap index retaining its 0.5% gain as compared to the Sensex which was up 0.7%. Among the sectoral indices, except Realty index, all the other indices were in the green. Health care, Consumer Durables and FMCG indices up nearly 1% each were the notable gainers.
Among individual stocks, Kingfisher Airlines gained 4.9% and was locked at upper circuit at Rs 15.6 on report of a 48% stake sale to Etihad Airways, for a little over Rs 3,000 crore.
Piramal Enterprises has rallied about 10% to Rs 604, extending its past five-days rally, after the company said it has acquired UK-based market analytics and market access solutions firm Abacus International through its subsidiary for an undisclosed amount.
Bharat Electronics Limited (BEL) is trading higher by 3% at Rs 1,238 after the state-owned company said that it has signed a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) ship-defence systems.
Broader markets underperformed with the midcap index flat with a positive bias and the smallcap index retaining its 0.5% gain as compared to the Sensex which was up 0.7%. Among the sectoral indices, except Realty index, all the other indices were in the green. Health care, Consumer Durables and FMCG indices up nearly 1% each were the notable gainers.
Among individual stocks, Kingfisher Airlines gained 4.9% and was locked at upper circuit at Rs 15.6 on report of a 48% stake sale to Etihad Airways, for a little over Rs 3,000 crore.
Piramal Enterprises has rallied about 10% to Rs 604, extending its past five-days rally, after the company said it has acquired UK-based market analytics and market access solutions firm Abacus International through its subsidiary for an undisclosed amount.
Bharat Electronics Limited (BEL) is trading higher by 3% at Rs 1,238 after the state-owned company said that it has signed a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) ship-defence systems.
Tue, Dec 11, 2012 at 09:30AM
Markets opens high.
Markets started off on a strong note with the Sensex gaining up by 76 points at 19,485, while Nifty gaining up by 17 points at 5,926 led by gains in banks and Reliance Industries.
Sector wise all indices opened in green with small-cap and the mid-cap indices started up 0.4% each almost in line with the Sensex up 0.5%, also gainer were Health Care, Realty, Consumer Durables, Bankex, Power, Oil & Gas, Capital Goods and PSU indices up 0.4-0.9%.
The movers were Sun Pharma, HDFC, ICICI Bank, Reliance Industries, Dr Reddys Lab, Cipla, Bajaj Auto and Hero MotoCorp gained 0.8-1.6%, while laggards were Sterlite and Maruti Suzuki down 0.4-0.5%.
The market breadth was positive. 817 stocks advanced while 236 stocks declined on the BSE.
Sector wise all indices opened in green with small-cap and the mid-cap indices started up 0.4% each almost in line with the Sensex up 0.5%, also gainer were Health Care, Realty, Consumer Durables, Bankex, Power, Oil & Gas, Capital Goods and PSU indices up 0.4-0.9%.
The movers were Sun Pharma, HDFC, ICICI Bank, Reliance Industries, Dr Reddys Lab, Cipla, Bajaj Auto and Hero MotoCorp gained 0.8-1.6%, while laggards were Sterlite and Maruti Suzuki down 0.4-0.5%.
The market breadth was positive. 817 stocks advanced while 236 stocks declined on the BSE.
No comments:
Post a Comment