At 14:24 hours IST, the Nifty was trading strong and touched the 4700 mark on the back of institutional buying in heavyweights like Reliance Industries, Infosys, ICICI Bank, DLF, TCS and Sterlite Industries, which rose 5.2%, 5%, 5.42%, 7%, 3.3% and 5.4%, respectively. All the sectoral indices were in the green. The BSE Realty Index shot up 7%. IT and Metal indices gained 4% each. Oil & Gas, TECk, Auto, Bank and FMCG indices were up 2-3.3%. Healthcare and Power indices gained over 1%. The benchmark indices were outperforming the broader indices; the Sensex was trading at 15,880, up 475 points and the Nifty was at 4,700, up 137 points. The BSE Midcap Index rose 2.5% and Smallcap Index up 1.5%. The market breadth was positive; about 1,727 shares advanced while 1,228 shares declined on the BSE. Nearly 808 shares were unchanged. On the global front, European markets were up 0.7-1.1%. US index futures rose 0.3-0.5% In the largecaps, Jaiprakash Associates, Hindalco and Unitech gained 7-8%. However, Suzlon Energy tanked 5.58%. ABB, Sun Pharma, Reliance Communication and Grasim fell 0.6-1.6%. In the midcap space, Indiabulls Real and Educomp Solutions were up 11-13%. LIC Housing Finance, Anant Raj Industries and Dish TV India went up 7.6-8%. However, Andrew Yule, KGN Industries, Ipca Labs, REI Six Ten and Blue Dart slipped 2-4%. In the smallcap space, Entertainment Network India, Tata Coffee, Glodyne Techno, Sanwaria Agro and Sasken Communication gained 9.5-10%. Webel SL Energy, Shree Ram Urban, Prime Securities, Garden Silk Mills and Disa India lost 7-10%. Continued on the next page.. _PAGEBREAK_
Sensex recovers most of Tuesday's losses; heavyweights lead AT 13:16 hours IST - consistent buying in heavyweights like technology, realty, FMCG, oil & gas exploration, private banking and metal stocks helped the Sensex to extend gains and recovered more than 4/5th of Tuesday's losses. The Nifty held above the 4650 level. Heavyweights like Reliance Industries, Infosys, ICICI Bank and DLF gained 4-6%. Jaiprakash Associates, Unitech, Hindalco, Ranbaxy Labs, Tata Steel and Sterlite Industries were up 4-7%. The Sensex was trading at 15,781, up 376 points and the Nifty was at 4,669, up 105 points. The benchmark indices were underperforming the broader indices, which were up just 1-2%. Advances were outnumbering declines; about 1,633 shares advanced while 1,313 shares declined on the NSE. Nearly 817 shares were unchanged. However, in the largecaps, Suzlon Energy tumbled 4.38%. Tata Power, Idea Cellular, Reliance Communication, Sun Pharma, BHEL, Grasim and Sun Pharma declined 0.5-1.5%. On the global front, Asian markets moved up further. Hang Seng, Kospi and Taiwan Weighted were up 2% each. Jakarta rose 1% and Straits Times gained 0.9%. Shanghai and Nikkei were up over 0.4%. Nifty hovers around 4650; RIL, Infy, ICICI Bank, DLF up 4% At 12:09 hours IST, the Nifty was strong in trade on the back of buying in heavyweights like Reliance Industries, Infosys and ICICI Bank, which gained over 4%. It tested the 4650 level while the Sensex was trading above the 15,700 level. On the sectoral front, technology, banking & financial, FMCG, realty, select metal, cement and auto stocks were seeing buying interest. On the global front, Asian markets remained supportive. Kospi and Taiwan Weighted went up nearly 2% each. Hang Seng gained 1.6%. Straits Times and Jakarta were up close to 1%. Nikkei and Shanghai went up 0.2-0.4%. The 30-share BSE Sensex rose 329 points to 15,734 and the 50-share NSE Nifty gained 92 points at 4,655. The market breadth was positive; about 1,621 shares advanced while 1,302 shares declined on the BSE. Nearly 840 shares were unchanged. The broader indices were up 1-2%. However, Daryl Guppy, Founder & Director of guppytraders.com said the markets were likely to fall about 12-15%. "We are looking for a pullback to around 4,270 on the Nifty; we are testing 4,600 at the moment, a fall below that gives 4,270 as a downside target." In terms of Sensex - "The critical support is actually at 14,500, there is a minor support at 15,000 but that’s relatively minor its not particularly strong." The BSE Realty index rose 5.5%, as DLF gained 5% and Unitech shot up over 6%. Infosys surged over 4%. TCS, Wipro and HCL Tech were up 2-2.7%. The BSE IT Index jumped 3.4%. However, in the largecaps, Tata Power lost 2.29% and Suzlon Energy slipped 3.8%. Grasim, Sun Pharma, BHEL, SBI, Idea Cellular and ABB lost 0.5-1.6%. In the midcap space, Indiabulls Real, Torrent Power, Amtek Auto, Dish TV India and Anant Raj Industries gained 6-10.5% while REI Six Ten, KGN Industries, Andrew Yule, Motilal Oswal and Spice Communication fell 2-4.5%. In the smallcap space, Genus Power, Agro Tech Foods, Subhash Project, aurionPro Solutions and SREI Infra went up 9-12% while Webel SL Energy, Shree Ram Urban, Disa India, Prime Securities and Garden Silk Mills lost 6-10%. Sensex strengthens further; realty, tech, FMCG, banks gain At 10:58 hours IST, the Sensex strengthened further. Positive Asian markets were supportive while buying in technology, banking, realty, FMCG, oil & gas exploration, cement and select auto stocks was helping as well. The Nifty has tested the 4650 level as well. Among the Asian markets, Hang Seng, Kospi and Taiwan Weighted gained 1.3-1.7%. Shanghai, Jakarta and Straits Times went up 0.7% each. Nikkei was marginally in the green. The Sensex rose 287 points to 15,692 and the Nifty gained 82 points at 4,646. Among the broader indices, the BSE Midcap Index rose 1.6% and the Smallcap Index up 0.7%, as about 750 shares advanced while 429 shares declined on the NSE. All the sectoral indices were in the green barring power. The BSE Realty Index was the major loser in the last six days, which shot up 4.8%. IT, Oil & Gas, TECk and Bank indices moved up 2-3%. Technology stocks like Infosys, HCL Tech, TCS and Wipro were up 2.4-3.9%. In the banking space, ICICI Bank shot up 4%. PNB, Axis Bank, Kotak Mahindra, SBI and HDFC Bank gained 0.9-2.4%. Realty stocks like Indiabulls Real surged 9%. Unitech and DLF went up 4% each. In the FMCG pack, ITC, HUL, United Spirits, Tata Tea, Marico and Dabur India were up 0.9-2.5%. Auto stocks like Bharat Forge, Ashok Leyland, Bajaj Auto, Maruti Suzuki, Tata Motors, M&M and Hero Honda gained 0.7-2%. In the midcap space, Indiabulls Real, Amtek Auto, United Breweries, HDIL and Torrent Power surged 5.5-7.5% while KGN Industries, Hindustan Oil Exploration, Andrew Yule, Maharashtra Seamless and Spice Communication fell 2.5-4.5%. In the smallcap space, Agro Tech Foods, SREI Infra, Indiabulls Securities, Bliss GVS and Bilcare went up 6-8% while Shree Ram Urban, Webel SL Energy, Prime Securities, Gayatri Project and Panacea Biotec declined 5-10%. Nifty bounces back; RIL, Bharti, ICICI Bank, Infy, TCS lead The Sensex bounced back after six days of losses on the back of positive Asian cues. Buying was seen in high beta stocks. Telecom, realty, banking, select metal and technology stocks were the gainers in the early trade. The Nifty clawed back above the 4,600 mark. At 9:56 am, the Sensex rose 169 points to 15,574 and the Nifty went up 51 points ot 4,614. The CNX Midcap gained 105 points at 6,490. The market breadth was positive; about 666 shares advanced while 148 shares declined on the NSE. Among the frontliners, Hindalco, Unitech, Suzlon Energy, Jaiprakash Associates, Sterlite, DLF, ICICI Bank, Axis Bank, IDFC, Reliance Industries, M&M, Bharti Airtel, Idea, Reliance Communications, HCL Technologies and Infosys were the gainers. However, selling in Hero Honda, ABB (on disappointing quarterly numbers), Tata Power, ITC, HUL, GAIL and Siemens capped the gains to some extent. Midcap space: Bombay Rayon Fashions gained 4%. Mahindra Satyam shot up 5% as the company signed $400 million outsourcing deal with SAAB. Indiabulls group stocks bounced back after sharp sell-off. Indiabulls Securities and Indiabulls Real were up over 6-7.5%. Indiabulls Financial gained 4%. Educomp Solutions was up 4%. Balrampur Chini was up 3% and Bajaj Hindusthan gained 6% as UP government temporarily banned import of raw sugar, reports CNBC-TV18 quoting agencies. Global cues: Asian markets were trading higher. Hang Seng rose 1.77% and Taiwan Weighted gained 1.6%. Shanghai, Straits Times, Kospi and Jakarta went up 0.6-0.8%. Nikkei was flat. SGX Nifty rose over 1%. The US markets recovered from the day's low to end flat. Commodities gained as USD pared its early gains. The Dow Jones Industrial Average ended down 17.5 points at 9,772, after seeing recovery of 68 points from day’s low of 9,704. The Nasdaq Composite ended up 8 points at 2,057, after seeing recovery of 26 points from day’s low of 2,031. The S&P 500 Index ended up 2.5 points at 1,045, after seeing recovery of 10 points from day’s low of 1,035. Commodities: The Reuters CRB Index was up 1%. Crude oil gained 2% to $79.6/bbl. Gold was up 3% at $1084.5/ounce, hit all-time high at $1088.5/ounce. Copper lost 1.5% to $6460/tonne. Market cues: -FIIs net buy USD 157 million in cash on October 30
-FIIs net buy Rs 114.8 crore in cash on October 30
-Total F&O Open Int up by Rs 2,950 crore at Rs 84,576 crore
-FIIs net sell Rs 874 crore in Cash on November 3
-DIIs net buy Rs 752 crore in Cash on November 3
-FIIs net sell Rs 567 crore in F&O on November 3 F&O cues: -Total Futures Open Int down by Rs 743 crore
-Total Options Open Int up by Rs 3693 crore
-Nifty down 3.1%, Futures Open Int up 8% (Huge short buildup in last 1 hour)
-Nifty Nov futures trading at a 5 pt discount
-Nifty PCR ratio down from 1.13 to 1.03
-Nifty IVs at 29-30% versus 25-27%
-Nifty Calls add 53.8 lakh shares in Open Int, Nifty Puts add 18.4 lakh shares in Open Int
-Nifty 4700 Call Adds 20.8 lakh shares in Open Int
-Nifty 4600 Call Adds 16.1 lakh shares in Open Int
-Nifty 4500 Put Adds 6.4 lakh shares in Open Int
-Nifty 4500 Call Adds 6.2 lakh shares in Open Int
-Nifty 4800 Put Sheds 4.4 lakh shares in Open Int
-Stock futures shed 2.9 cr shares in Open Int (Have shed 5.8 crore shares in 2 days) |
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