Post Session Market Commentary

Market witnessed choppy trade and ended in red on back of selective profit booking in index pivotals. As a result, BSE sensex closed at 13,786.90 down by 59.40 points and Nifty was down by 4.15 points to close at 3966.40. Overall market breadth was marginally positive as 1319 stocks advanced and 1210 stocks declined on BSE. BSE sectoral indices closed mixed. In BSE bank index, SBI up by (0.80%) while HDFC Bank (0.86%), HDFC (0.42%) and ICICI Bank (0.96%) ended in red. BSE Tech’s pack has ended mixed as TCS up by (1.22%) while Satyam (1.125), Wipro (0.54%) and Infosys (0.32%) ended lower. BSE FMGC index closed lower as ITC down by (0.96%) and HLL down by (1.70%). BSE auto index closed mixed as Hero Honda up by (0.42%) and Maruti Udyog up by (0.38%) while Bajaj auto (0.79%) and Tata motors (0.56%) closed lower. BSE capital goods index pack BEML (7.65%), ABB (3.69%) and L&T ((0.40%) closed higher while BHEL (0.44%) closed lower. BSE oil & gas index pack’s ONGC down by (0.84%) and Reliance down by (0.49%). BSE metal index’s set SAIL (3.05%), JSWL (1.98%) and Tata steel (1.22%) closed higher. Both mid cap and small cap closed in green. BSE mid cap was up by 50.24 points to close at 5805.18 and BSE small cap was up by 55.91 points to close at 6,892.32. Top gainers at BSE Sensex: Dr. Reddys Labs Rs 811.20 (1.46%), Tata Steel Rs 482.30 (1.22%), ACC Rs 1085.55 (1.09%) and SBI Rs 1245.90 (0.80%). Top Losers: HLL Rs 216.55 (1.70%), Guj Ambuja Rs 141.30 (1.57%), Rel comm. Rs 471.30 (1.24%), Satyam Rs 483.95 (1.12%) and Cipla Rs 250.70 (1.01%).

Mid Day Market Commentary

Market witnessed choppy trade on back of selective profit booking by the participants on higher levels. Overall market breadth was positive as 1417 stocks advanced and 961 stocks declined on BSE index. BSE sectoral indices were trading mixed. BSE bank index was up by 19.47 points to trade at 7100.02 as SBI (0.74%), HDFC Bank (0.64%) and HDFC (0.46%) were advancing. BSE Tech index was rising 3.51 points to 3660.90 as TCS (1.03%), Wipro (0.03%) and Infosys (0.35%) were up. BSE auto index was up by 8.48 points to trade at 5501.48 as Hero Honda (0.89%), Maruti Udyog (0.82%) and Tata Motors (0.20%) were trading up. BSE oil & gas index was down by 30.39 points to trade at 6206.61 as GAIL (0.57%) and ONGC (0.09%) were losing while BPCL (0.66%), HPCL (1.45%) and IPCL (0.51%) were advancing. In BSE capital goods index BHEL (0.34%), ABB (0.98%), Siemens (1.05%) and L&T (0.70%) were rising. BSE Health index was down by 33.89 points to trade at 3788.76 as Cipla (0.57%) and Glaxo smithkline (0.66%) were trading lower. BSE mid cap and BSE small cap indices were trading mixed. BSE Mid cap index was up by 10.84 points to trade at 5754.94 and BSE small cap index was down by 2.95 points to trade at 6836.41. At 12:45 pm, BSE sensex was at 13,850.96 up by 4.61 points and Nifty was at 3974.70 up by 4.14 points. Top gainers at BSE sensex: ACC Rs 1094.30 (1.90%), Dr. Reddys Labs Rs 810.00 (1.31%), TCS Rs 1221.10 (1.03%) and Tata Steel Rs 480.90 (0.92%). Top losers: HLL Rs 216.75 (1.61%), Satyam Rs 483.00 (1.32%), Reliance comm. Rs 471.00 (1.30%) and ITC Rs 175.55 (1.18%).

Pre Open Market Commentary

Indian Markets will likely open on cautious note today. Yesterday, markets ended in red amid choppy trade due to expiry of F&O contracts. As a result, BSE sensex closed at 13,846.30 down by 13.40 points and Nifty was down by 3.70 points to close at 3970.55. Today, market outlook will be guarded optimism on account weekend factor and last trading session of the year. Today, global cues are not much impressive. US market ended red on Thursday. Dow was down by 9.05 points to close at 12501.52 and NASDAQ was down by 5.65 points to close at 2425.57. Asian markets were trading mixed on Friday. The benchmark Nikkei 225 index was up by 48.74 points to 17,273.55. Hong Kong''s Hang Seng Index was losing 63.37 points to 19, 938.54 while Singapore''s STI was advancing 10.20 points to 2,973.69. Oil price was trading below $61 a barrel. Today, Nifty has support at 3,945 and resistance at 4015 and BSE Sensex have support at 13,750 and resistance at 14,030. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of Rs 368.20 crores in equity on 28th December 2006. Mutual Funds were net buyers to the tune of Rs 391.48 crores (provisional) in equity on 27th December 2006.

Post Session Market Commentary

Market ended red after choppy trade on account of expiry of F&O contracts. The market witnessed selective profit booking in index pivotals. As a result, BSE sensex closed at 13,846.30 down by 13.40 points and Nifty was down by 3.70 points to close at 3970.55. Overall market breadth turned negative as 1191 stocks advanced and 1339 stocks declined on BSE. BSE sectoral indices closed mixed. BSE bank index gained 19.47 points to close at 7100.02 as HDFC Bank (2.09%), HDFC (0.55%) and ICICI Bank (0.49%) ended in green. BSE Tech index closed at 3660.90, up by 3.51 points as HCL Tech (1.85%), TCS (1.73%) and Wipro (0.10%) ended higher. BSE FMGC index was up by 9.87 points to close at 1952.58 as ITC up by (0.71%) and HLL up by 0.11%). BSE auto index was up by 8.48 points to close at 5501.48. BSE health index was down by 33.89 points to close at 3788.76 as Cipla (2.43%), Dr. Reddy labs (1.13%), and Ranbaxy labs (0.60%) closed lower. BSE capital goods index closed at 8989.07, slipped by 54.40 points as NTPC (0.87%), BHEL (0.80%) and L&T (0.65%) ended in red. BSE oil & gas index closed at 6206.61 down by 30.39 points as GAIL (0.92%) Reliance (1.25%), and IPCL (1.75%) declined. BSE metal index was down by 10.59 points to close at 8963.16 as Tata steel (0.75%) and Nalco (0.72%) ended red. Both mid cap and small cap closed in mixed. BSE mid cap was up by 10.84 points to close at 5754.94 and BSE small cap was down by 2.95 points to close at 6,836.41. Top gainers at BSE Sensex: Hero Honda Rs 760.25 (2.13%), HDFC Bank Rs 1079.00 (2.09%), TCS Rs 1216.00 (1.73%) and Guj Ambuja Cem Rs 143.35 (1.06%). Top Losers: Cipla Rs 253.25 (2.43%), Reliance Rs 1276.65 (1.25%), SBI Rs 1235.25 (1.25%) and Dr. Reddys Labs Rs 798.40 (1.13%).

Mid Day Market Commentary

After opening on positive note, Market slipped to negative territory due to expiry of F&O contracts but now it was trading in positive territory on account of selective buying seen in index pivotals. Overall market breadth was positive as 1227 stocks advanced and 1167 stocks declined on BSE index. BSE sectoral indices were trading mixed. BSE bank index was up by 15.38 points to trade at 7095.93 as HDFC Bank (1.41%), OBC (0.79%), HDFC (0.67%) and ICICI Bank (0.64%) were advancing. BSE Tech index was rising 4.81 points to 3662.20 as TCS (0.45%), Wipro (0.15%) and Infosys (0.04%) were up. BSE auto index was up by 36.83 points to trade at 5529.83 as M&M (1.02%), Tata Motors (1.01%), Hero Honda (0.42%) and Bajaj auto (0.06%) and were trading up. BSE oil & gas index was up by 20.04 points to trade at 6257.52 as GAIL (0.60%), BPCL (1.88%), HPCL (0.76%) and RIL (0.20%) were advancing. BSE capital goods index was trading 55.21 points down to 8988.26 as BHEL (0.98%)ABB (0.50%), Siemens (0.49%) and L&T (0.70%) were declining. BSE Health index was down by 4.05 points to trade at 3818.60 as Cipla (1.75%) and Sun Pharma (0.96%) were trading lower. BSE mid cap and BSE small cap indices were trading in green. BSE Mid cap index was up by 22.13 points to trade at 5766.23 and BSE small cap index was up by 27.00 points to trade at 6866.36. At 12:50 pm, BSE sensex was at 13,887.22 up by 27.53 points and Nifty was at 3979.95 up by 5.70 points. Top gainers at BSE sensex: HDFC Bank Rs 1071.85 (1.41%), Reliance comm. Rs 480.75 (1.22%), Tata Motors Rs 916.00 (1.01%) and ACC Rs 1082.00 (0.84%). Top losers: Cipla Rs 255.00 (1.75%), BHEL Rs 2296.40 (1.31%), Satyam Rs 489.00 (0.61%) and NTPC Rs 136.50 (0.58%).

Pre Open Market Commentary

Indian Markets will likely open on positive note today. Yesterday, markets ended higher on account of buying interest seen in index pivotals. As a result BSE sensex closed at 13,859.70 up by 151.40 points and Nifty was up by 33.75 points to close at 3974.25. Today, market outlook will be continued optimism though some profit booking may be seen on account of F&O expiry’s day. Today, again global indices may support the indices to stay in positive territory. US market ended higher on Wednesday as unexpectedly robust housing sales data cheered investors making last-minute additions to their 2006 portfolios. Dow was up by 102.94 points to close at 12510.57 and NASDAQ was up by 17.71 points to close at 2431.22. Major Asian markets were trading in positive territory on Thursday. The benchmark Nikkei 225 index was up by 29.13 points to 17,252.28. Hong Kong''s Hang Seng Index was up by 123.63 points to 19, 849.36 and Singapore''s STI was advancing 11.14 points to 2,972.39. Oil price was trading below $61 a barrel. Today, Nifty has support at 3,925 and resistance at 4025 and BSE Sensex have support at 13,650 and resistance at 14100. However, it is our advice to watch trading session carefully. FIIs were net sellers to the tune of Rs 153.00 crores in equity on 27th December 2006. Mutual Funds were net buyers to the tune of Rs 336.36 crores (provisional) in equity on 26th December 2006.

Post Session Market Commentary

Favorable global cues had made the indices to close successive four day in green. However, the participants had booked some profit during final hours of trade. The market closed higher on account of selective buying interest seen across the index pivotals. As a result, BSE sensex closed at 13,859.70 up by 151.40 points and Nifty was up by 33.75 points to close at 3974.25. Overall market breadth was marginally positive as 1291 stocks advanced and 1223 stocks declined on BSE. BSE sectoral indices closed in green. BSE bank index outperformed the other indices and gained 129.40 points to close at 7080.55 as HDFC Bank (2.63%), ICICI Bank (2.81%), PNB (1.69%) and SBI (0.24%) ended in green. BSE Tech index closed at 3657.39, up by 55.85 points as Satyam (3.05%), Wipro (1.76%), Infosys (1.65%), and TCS (0.55%) ended higher. BSE health index was up by 38.88 points to close at 3822.65 as glaxoSmithkline (2.10%), cipla (0.76%), Dr. Reddy labs (0.34%) closed higher. BSE capital goods index closed at 9043.47, up by 9.41 points. BSE FMGC index was up by 6.98 points to close at 1942.71. BSE oil & gas index closed at 6237.00 up by 43.53 points as GAIL (3.78%), HPCL (1.56%), Reliance (1.49%), and IPCL (1.49%) closed in green. BSE metal index was up by 29.91 points to close at 8973.75 as SAIL (0.88%), Tata steel (0.32%)Hindalco (0.26%) ended higher. BSE auto index was up by 59.08 points to close at 5493.00 as Tata Motors (2.76%), Bajaj auto (0.64%) and M&M (0.70%) advanced. Both mid cap and small cap closed in green. BSE mid cap was up by 46.41 points to close at 5744.10 and BSE small cap was up by 33.80 points to close at 6,839.36. Top gainers at BSE Sensex: Satyam Rs 491.10 (3.05%), ICICI Bank Rs 897.10 (2.81%), Tata Motors Rs 907.85 (2.65%) and HDFC Bank Rs 1058.00 (2.63%). Top Losers: ONGC Rs 874.00 (1.59%), HLL Rs 218.60 (1.00%), Maruti Udyog Rs 924.10 (0.71%) and BHEL Rs 2323.10 (0.57%).

Mid Day Market Commentary

Market opened firm and was trading strong on account of buying interest seen in index pivotals. Overall market breadth was positive as 1397 stocks advanced and 1026 stocks declined on BSE index. BSE sectoral indices were trading green. BSE bank index outperformed the other indices and was up by 158.09 points to trade at 7109.24 as ICICI Bank (2.95%), HDFC Bank (2.63%), PNB (2.63%), OBC (1.88%) and HDFC (1.67%) were advancing. BSE Tech index was rising 48.52 points to 3650.06 as satyam computers (2.99%), infosys (1.15%) and HCL tech (0.67%) were up. BSE capital goods index was trading 32.04 points to 9066.10 as ABB (0.83%), Siemens (0.76%) and L&T (0.42%) were rising. BSE auto index was up by 67.27 points to trade at 5501.19 as Tata Motors (2.21%), Bajaj auto (0.93%) and M&M (0.70%) were trading up. BSE Health index was up by 42.52 points to trade at 3826.29 as Ranbaxy (2.38%), Dr. Reddys Labs (1.58%), GlaxoSmith (1.39%) and Cipla (1.13%) were up. BSE oil & gas index was up by 37.35 points to trade at 6230.82 as GAIL (3.69%), BPCL (2.23%), HPCL (2.02%) and IPCL (0.88%) were advancing. BSE mid cap and BSE small cap indices were trading in green. BSE Mid cap index was up by 55.52 points to trade at 5753.21 and BSE small cap index was up by 46.86 points to trade at 6852.42. At 12:45 pm, BSE sensex was at 13,880.10 up by 171.76 points and Nifty was at 3974.25 up by 33.75 points. Top gainers at BSE sensex: Satyam Rs 491.20 (3.07%), ICICI Bank Rs 898.30 (2.95%), HDFC Bank Rs 1058.00 (2.63%) and Ranbaxy labs Rs 401.50 (2.38%). Top losers: ONGC Rs 870.95 (1.93%), BHEL Rs 2322.00 (0.62%) and Wipro Rs 595.00 (0.39%).

Pre Open Market Commentary

Indian Markets will likely open firm today. Yesterday, markets ended higher on account of heavy buying interest seen in index pivotals. As a result BSE sensex closed at 13,708.30 up by 236.60 points and Nifty was up by 69.35 points to close at 3940.50. Today, market may witness volatile trade on account of F&O expiry’s week. But global indices may support the indices to stay in positive territory. US market ended higher on Tuesdays. Dow was up by 64.41points to close at 12407.63 and NASDAQ was up by 12.33 points to close at 2413.51. Most of the Asian market point northward journey on Wednesday. The benchmark Nikkei 225 index was up by 68.06 points to 17,237.25. Hong Kong''s Hang Seng Index was up by 235.33 points to 19, 555.85 and Singapore''s STI was advancing 27.59points to 2,970.12. Oil price was down $1.31 at $61.10 a barrel due to expectation of warm weather. Today, Nifty has support at 3,875 and resistance at 3965 and BSE Sensex have support at 13,450 and resistance at 13,850. However, it is our advice to watch trading session carefully. Mutual Funds were net buyers to the tune of Rs 347.90 crores (provisional) in equity on 22nd December 2006.