Monday, December 31, 2007

Post Session Market

The market closed on a positive territory on the last trading day of the year 2007. The market opened with handsome gains on the back of favoring cues from the global markets. But all of a sudden it lost the momentum to pare most of its initial gains and gathered the momentum after the mid session as the buying intensified across the counters. The Consumer Durables, Realty and Capital goods index remained the centre of attraction as most buying is seen from these baskets. Both the Mid Caps and Small Caps indices once again outperformed the benchmark indices to closed higher by 214.92 points and 447.08 points at 9,789.49 and 13,348.37 respectively. The BSE Sensex closed higher by 80.04 points at 20,286.99 and NSE Nifty grew by 58.9 points to close at 6,138.60.

BSE Consumer Durables index surged 354.79 points to close at 6,956.79. Scrips that grew are Videocon (10%), Blue Star (5.45%), Rajesh Exports (3.60%), Titan (1.91%) and Lloyd Ele (1.63%).

BSE Health Care index closed up by 79.70 points at 4,418.65. Scrips that jumped are Bilcare Ltd (12.66%), Dishman Pharma (7.29%), Matrix Labs (4.57%), Fortis Healthcare (4.35%).

BSE Metal index advanced by 71.77 points to close at 20,020.22. Scrips that pushed up are Jindal Stainless (2.43%), Ispat Industries (2.23%), Jindal Saw (1.89%), SAIL (1.74%)

BSE Realty index closed higher by 176.16 points at 12,727.42. Scris that grew are Purvankara (6.36%), IndiaBull Real (3.60%), Akruti City (3.41%), HDIL (2.79%) .

BSE Oil & Gas index grew by 99.34 points to close at 13,301.60 as BPCL (10.77%), HPCL (7.69%), Indian Oil (7.48%), Cairn India (4.37%), Gail India (2.15%) closed in green.

BSE Bankex index grew by 31.65 points to close at 11,418. Scrips that gained are Canara bank (6.70%), CentBOP (6%), Oriental bank (2.16%), Allahabad bank (1.58%), IOB (0.79%) .

BSE IT index fell 22.47 points to close at 4,529.59. Scrips that fell are Infosys (1.52%), Niit Tech (1.03%), Wipro (0.82%), Tech Mahindra (0.81%) and I-Flex (0.44%).

Mid Sesion Market

The market is still trading higher on the back of strong buying momentum witnessed among the selective scrips mainly led by the Consumer Durables, Metal, Capital Goods and Realty stocks. However the Bank and IT stocks are facing the selling pressure. The BSE Mid Cap and BSE Small Cap however outperformed the benchmark index today. The overall market breadth remains positive, as 2578 stocks are advancing while 285 stocks are declining and the 14 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 201.15 points at 9,775.72 and the BSE small Cap advanced by 425.23 points to trade at 13,326.52.

At 12.31 pm, BSE Sensex was at 20,320.65 up by 113.70 points whereas Nifty was at 6,130.05 up by 50.35 points.

BSE Metal index surged 214.09 points to trade at 20,162.54. The major gainers are Hindalco Industries (2.82%), SAIL (0.71%), Tata Steel (0.21%) and Sterlite Industries (0.10%).

BSE Capital goods index advanced 192.92 points to 19,838.15. The main gainers are ABB (2.22%), L&T (0.91%), Siemens (0.48%) and BHEL (0.15%).

BSE Oil & Gas index was trading 86.76 points higher at 13,289.02 as BPCL (1.69%), Cairn India (1.21%), ONGC (0.73%) and RPL (0.45%) are trading in green.

BSE Power index inclined by 63.83 points to trade at 4,556.63 as Tata Power (4.63%), GVK Power (2.92%), Suzlon Energy (1.98%) and Torent Power (1.95%) are trading higher.

BSE FMCG index increased 35.76 points to trade at 2,316.36 as Godrej Consumer (6.15%), Tata Tea (2.83%), ITC (2.41%) and United Spirits (2.14%) are trading in green.

BSE IT index declined by 5.15 points to trade at 4,546.91 as HCL Tech. (1.52%), Wipro (1.14%), Satyam (0.67%) and Infosys (0.61%) are trading in negative territory.

BSE Banks index dropped by 32.02 points to trade at 11,354.33. The major losers are ICICI Bank (1.23%), HDFC Bank (0.73%), Kotak Bank (0.26%) and SBI (0.06%).

Pre Session Market

Indian market is likely to have a positive opening on the back of favoring cues from the global markets. On Friday, the market ended the session marginally lower after facing the volatility throughout the trading session. The market opened on a weak note backed by negative cues from the global markets. The market got the direction after the declaration of inflation figures by the government that represented that the India''s wholesale price index grew 3.45% in the 12 months ended 15 December 2007 which was lower than the previous week''s rise of 3.65%. The BSE Sensex closed marginal lower by 9.77 points at 20,206.95 and NSE Nifty fell by 1.8 points to close at 6,079.70. We expect the market to gain some grounds during the trading session.

On Friday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed higher by 6.26 points at 13,365.87. S&P 500 index grew by 2.22 points to close at 1,478.49 and NASDAQ fell by 2.33 points to close at 2,674.46.

Indian ADRs ended in mixed. In technology sector, Satyam grew by (2.29%) along with Wipro by (1.20%) while Patni computers and Infosys fell by (0.24%) and (0.15%) respectively. In banking sector, HDFC bank and ICICI bank increased by (3.34%) and (3.07%) respectively. MTNL and VSNL fell by (1.39%) and (0.03%) respectively.

Today, the major stock markets in Asia are trading higher. Taiwan Weighted is trading up by 34.99 points at 8,431.94. Singapore Strait Times is trading higher by 20.60 points at 3,466.42.

The FIIs on Friday stood as net buyers both in equity as well as in debt. The gross equity purchased was Rs6,774.30 Crore and the gross debt purchased was Rs300.40 Crore while the gross equity sold stood at Rs5,830.30 Crore and gross debt sold stood at Rs12 Crore. Therefore, the net investment of equity reported was Rs944 Crore and net debt was Rs288.40Crore.

Today, Nifty has support at 6,012 and resistance at 6,194 and BSE Sensex has support at 20,029 and resistance at 20,592.

Friday, December 28, 2007

Post Session Market

The market ended the session marginally lower after facing the volatility throughout the trading session. The market opened on a weak note backed by negative cues from the global markets. The market got the direction after the declaration of inflation figures by the government that represented that the India''s wholesale price index grew 3.45% in the 12 months ended 15 December 2007 which was lower than the previous week''s rise of 3.65%. Whereas the annual inflation rate was 5.73% during the corresponding week of the previous year. The Realty, Metal and Consumer Durables indices remained in the limelight as most buying is seen from these baskets. As usual, both the Mid Caps and Small Caps indices once again outperformed the benchmark indices as they closed with handsome gains of 145.71 points and 272.55 points at 9,574.57 and 12,901.29 respectively. The BSE Sensex closed marginal lower by 9.77 points at 20,206.95 and NSE Nifty fell by 1.8 points to close at 6,079.70.

BSE Metal index surged 484.26 points to close at 19,951.37. Scrips that pushed up are Gujarat NRE (6.32%), Jindal Steel (5.38%), Hind Zinc (4.96%), Nalco (3.47%), Tata Steel (2.76%).

BSE Realty index closed higher by 471.80 points at 12,551.96. Scris that grew are Parsvnath (7.86%), HDIL (5.99%), DLF (5.31%), Penland (4.98%), Omaxe (4.22%) .

BSE Oil & Gas index grew by 90.06 points to close at 13,213.09 as RNRL (5.46%), Essar Oil (3.74%), IOCL (3.68%), HPCL (2.22%), Cairn India (1.63%) and RPL (1.30%) closed in green.

BSE Bankex index closed up by 26.61 points to close at 11,396.94. Scrips that gained are BOB (5.96%), Federal bank (4.25%), Kotak bank (4.02%), Canara bank (2.89%) and Union bank (2.24%).

BSE IT index fell 26.08 points to close at 4,543.06. Scrips that fell are Wipro (3.52%), TCS (1.83%), Infosys (0.47%) and Satyam (0.40%).

BSE Health Care index increased by 48.42 points to close at 4,336.30. Pushed up are Orchid chemicals (14.54%), Dishman pharma (6.88%), Divi''s lab (5.35%), Matrix labs (3.16%) .

Mid Session Market

The market is trading in a silent mode as selling is seen in the large cap stocks only. Whereas the Mid Cap and Small cap stocks are facing the buying tune. The heavy buying is seen in the Consumer Durables, Metal and Realty stocks. However the Capital Goods, and IT stocks today are facing the selling pressure. The BSE Mid Cap and BSE Small Cap however outperformed the benchmark index today. The overall market breadth remains positive, as 2157 stocks are advancing while 699 stocks are declining and the 26 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 82.33 points at 9,511.19 and the BSE small Cap advanced by 206.01 points to trade at 12,834.75.

At 12.31 pm, BSE Sensex was at 20,166.19 down by 50.53 points whereas Nifty was at 6,063.05 down by 18.45 points.

BSE Metal index surged 171.28 points to trade at 19,638.39. The major gainers are Bhusan Steel (6.33%), Gujarat NRE (5.58%), Sesa Goa (1.89%) and Jindal Saw (1.93%).

BSE Oil & Gas index was trading 79.17 points higher at 13,202.20 as HPCL (2.94%), Indian Oil (2.72%), Cairn (1.32%) and RPL (1.05%) are trading in green.

BSE Banks index advanced by 18.63 points to trade at 11,388.96. The major gainers are Federal Bank (4.36%), Union Bank (3.16%), Kotak Bank (2.62%), Bank of Borada (1.62%)

BSE FMCG index increased 21.90 points to trade at 2,275.38 as Tata Tea (2.09%), United Spirits (1.51%), Dabur (1.07%) and ITC (0.96%) are trading in green.

BSE Health Care index grew by 19.17 points to trade at 4,307.05. Leading the gain are Divi''s Lab (4.98%), Aventis Pharma (4.26%), Ranbaxy (1.63%) and Pfizer (1.40%).

BSE IT index declined by 25.67 points to trade at 4,543.47 as Wipro (2.59%), TCS (0.93%), Infosys (0.78%) and Mphasis (0.62%) are trading in negative territory.

BSE Capital goods index decreased 29.86 points to 19,612.40. The main losers are AIA Engineering (0.59%), BHEL (0.49%), L&T (0.19%) and Siemens (0.11%).

Pre Session Market

The Indian Market is likely to have a negative opening on the back of weak cue from the global markets. Yesterday the Indian market closed with marginal gains after struggling a lot throughout the trading session. A lot of volatility was seen in yesterday''s trading session. However, both the Mid Cap and Small Cap indices outperformed the benchmark indices as most buying was seen from these baskets. The Nifty December futures closed at 6,007.50, up 218 points while the Nifty January futures closed at 6,001.55 up 226 points. The BSE Sensex closed with marginal gains of 24.20 points at 20,216.72 and NSE Nifty closed up by 10.75 points at 6,081.50. We expect the market to remain cautious during the trading session.

On Thursday the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 192.08 points at 13,359.61. S&P 500 index fell by 21.39 points at 1,476.27 and NASDAQ dropped by 47.62 points to close at 2,676.79.

India ADRs ended in negative territory. In technology sector, Satyam fell by (5.91%) along with Wipro by (4.70%) and Infosys by (2.19%). In banking sector, ICICI bank and HDFC bank fell by (5.79%) and (5.17%) respectively. VSNL and MTNL decreased by (5.12%) and (2.70%) respectively.

The major stock markets in Asia are trading weak. Japan''s Nikkei is trading lower by 257 points at 15,307.78. Hang Seng index is trading down by 300 points at 27,543.27. Taiwan Weighted is down by 22 points to trade at 8,292.08. Sanghai Composite is trading lower by 21.78 points at 5,287.11. Strait Times is down by 21.43 points at 3,455.77.

On Thursday, the FIIs stood as net buyers in equity while no transaction was reported in debt. The gross equity purchased was Rs4,727.30 Crore while the gross equity sold stood at Rs2,306.80 Crore. Therefore, the net investment of equity reported was Rs2,420.50 Crore.

Today, Nifty has support at 5,948 and resistance at 6,136 and BSE Sensex has support at 19,829 and resistance at 20,341.

Thursday, December 27, 2007

Post Session Market

The market after struggling a lot through out the trading session finally managed to close on an upbeat note. A lot of volatility was seen in today''s trading session. The cues from the global markets, led the domestic market to open with good gains but the investors took calculated steps in booking their positions after the last two days of strong rally by the market. However, both the Mid Caps and Small Caps indices outperformed the benchmark indices as most buying is seen from these baskets. The BSE Mid Cap and Small Cap closed higher by 28 points and 286.25 points at 9,428.86 and 12,628.74 respectively. The Metal and Consumer durables indices remained in the limelight as the investor''s showed more interest in buying from these counters. The BSE Sensex closed with marginal gains of 24.20 points at 20,216.72 and NSE Nifty closed up by 10.75 points at 6,081.50. Overall, the market breadth was strong as 2,069 stocks are closed in green while 841 stocks are closed in red.

BSE Metal index surged 175.77 points to close at 19,467.11. Scrips that grew are NALCO (9.76%), Gujarat NRE (5.59%), JSW Steel (4.01%), Tata Steel (1.52%)

BSE Oil & Gas index grew by 7.04 points to close at 13,123.03. Pushed up by IOCL (2.92%), Essar Oil (2.52%), Cairn (0.68%) and ONGC (0.37%).

BSE Capital goods index declined by 12.05 points to close at 19,642.26. Slipped by Jyoti Structure (3.28%), Havell India (2.70%), Praj Industries (2.68%), Alstrom Project (1.24%).

BSE Realty index closed lower by 29.83 points at 12,080.16 as Phoenix mill (5.96%), Penland (3.43%), Omaxe (2.67%), Sobha developers (2.07%) and DLF (0.38%) closed in red.

BSE Bankex index closed higher by 80.25 points to close at 11,370.33. Scrips that grew are Yes bank (4.96%), HDFC bank (2.77%), BOB (2.44%) and ICICI bank (1.85%).

BSE IT index fell 22.73 points to close at 4,569.14. Scrips that fell are I-Flex (2.83%), Finance Tech (2.72%), GTL Ltd (2.52%), Satyam (1.72%) and Tech Mahindra (1.65%)

Mid Session Market

The market has now slipped from the opening highs and is trading with marginal gain. The heavy buying is seen in the Metal and Capital Goods stocks. However the Health Care stocks today are facing the selling pressure. The BSE Mid Cap and BSE Small Cap however outperformed the benchmark index today. The overall market breadth remains positive, as 2069 stocks are advancing while 777 stocks are declining and the 42 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 46.84 points at 9,447.70 and the BSE small Cap advanced by 242.94 points to trade at 12,585.43.

At 12.31 pm, BSE Sensex was at 20,224.98 up by 32.46 points whereas Nifty was at 6,076.85 up by 6.10 points.

BSE Metal index surged 186.40 points to trade at 19,477.74. The major gainers are Nalco (7.95%), Hindalco Industries (2.38%), SAIL (1.85%) and Tata Steel (1.01%).

Nalco has planned to invest Rs11,000 Crore in a mega Greenfield smelter and thermal power project in Indonesia.

BSE Capital goods index increased 52.26 points to 19,706.57. The main gainers are BEML (3.31%), Areva (3.23%), Bharat Electrical (2.14%) and L&T (0.35%).

BSE Banks index advanced by 61.70 points to trade at 11,351.78. The major gainers are Yes Bank (2.68%), HDFC Bank (1.96%), ICICI Bank (1.20%) and Union Bank (0.22%).

BSE Power index inclined by 16.29 points to trade at 4,460.05 as Power Grid (1.81%), Suzlon Energy (1.57%), Reliance Energy (1.10%) and Crompton Greaves (0.68%) are trading higher.

BSE IT index inclined by 21.75 points to trade at 4,613.62 as NIIT Techno. (1.47%), HCL Tech. (0.47%), Wipro (0.43%) and I-flex (0.29%) are trading in positive territory.

BSE Auto index increased by 4.69 points to trade at 5,647.59. Leading to its gain are MRF (1.93%), Cummins India (1.65%), Maruti Suzuki (0.54%) and TVS Motor (0.35%).

BSE Oil & Gas index was trading 4.13 points higher at 13,120.12 as Essar Oil (5.54%), ONGC (0.87%), Indian Oil (0.84%) and RPL (0.18%) are trading in green.

Pre Session Market

The Indian Market is likely to have a positive opening as the US market closed in green while the Asian market is trading mixed. Yesterday the market closed with handsome gains on the back of heavy buying pressures across the counters. Since from the initial bell the market keeps on trading on the front foot through out the trading session. The market also got a further direction on the back of reports that government has allowed all trusts to invest in securities including shares and bonds of listed companies. The BSE Sensex closed with heavy gains of 338.40 points at 20,192.52 and NSE Nifty closed higher by 85.65 points at 6,070.75. We expect the market to remain choppy during the trading session.

On Wednesday, the US market closed with marginal gains. The Dow Jones Industrial Average (DJIA) closed higher by 2.36 points at 13,551.69. S&P 500 index closed up by 1.21 points at 1,497.66 and NASDAQ grew by 10.91 points to close at 2,724.41.

India ADRs ended in positive territory. In technology sector, Wipro grew by 2.34% along with Satyam by 1.15%, Infosys by 0.71% and Patni computers by 0.12%. In banking sector, ICICI bank and HDFC bank advanced by 3.36% and 1.45% respectively. MTNL and VSNL increased by 0.84% and 0.69% respectively.

The major stock markets in Asia are trading higher. Hang Seng index is trading up by 57.73 points at 28,186.53. Taiwan Weighted is up by 170.04 points to trade at 8,326.43 and Sanghai Composite is trading at 5,267.65 higher by 34.30 points.

On Wednesday, the FIIs stood as net buyers in equity while it was net sellers in debt. The gross equity purchased was Rs3,498.50 Crore and the gross debt purchased was Rs196.80 Crore while the gross equity sold stood at Rs3331.10 Crore and gross debt sold stood at 199.30 Crore. Therefore, the net investment of equity reported was Rs167.40 Crore and net debt was (Rs2.50Crore).

Today, Nifty has support at 5,968 and resistance at 6,179 and BSE Sensex has support at 19,912 and resistance at 20,496.

Wednesday, December 26, 2007

Post Session Market

The market closed with handsome gains on the back of heavy buying pressures across the counters. The investors showed their eagerness in buying to book their positions. Since from the initial bell the market keeps on trading on the front foot through out the trading session. The market also got a further direction on the back of reports that government has allowed all trusts to invest in securities including shares and bonds of listed companies. The Metal, Capital Goods and Oil & Gas indices scrips remained in the limelight as most buying is seen from these baskets. Both the BSE Mid cap and Small Cap closed higher by 189.15 points and 361.92 points at 9,400.86 and 12,342.49 respectively. The BSE Sensex closed with heavy gains of 338.40 points at 20,192.52 and NSE Nifty closed higher by 85.65 points at 6,070.75. Overall, the market breadth was strong as 2,283 stocks are closed in green while 639 stocks are closed in red.

BSE Metal index surged 470.55 points to close at 19,291.34. Scrips that grew are Bhushan Steel 10.30%, Sh Precoated 6.57%, Hindalco 4.18%, Jindal Steel 3.56%, Tata Steel 3.51%.

BSE Oil & Gas index grew by 437.67 points to close at 13,115.99. Pushed up by Essar Oil 7.93%, HPCL 6.78%, IOCL 6.55%, BPCL 5.46%, Reliance industries 3.90% and RPL 3.39%.

BSE Capital goods index inclined by 430.43 points to close at 19,654.31. Jumped by Crompton Greaves 6.09%, BEML 3.79%, Punj Lloyd 3.78%, BHEL 2.63%, L&T 2.57% and ABB 2.39%.

BSE Realty index closed up by 291.47 points at 12,109.99 as Ansal Infra 9.42%, Parsvnath 7.87%, DLF 4.35%, Sobha Dev 2.72%, Mahindra Life 2.45% and Indbul Real 2.28% closed in green.

BSE Bankex index advanced by 188.34 points to close at 11,290.08. Scrips that grew are Kotak bank 4.74%, IOB 3.41%, Andhra bank 3.15%, Andhra bank 3.15%, BOI 3.05% and SBI 2.97%.

BSE IT index closed with marginal gains of 10.26 points at 4,591.87. Scrips that gained are Karut Net 10%, Aptech 4.41%, I-Flex 3.54%, Rolta India 2.97%, Finance tech 1.51% and Satyam 1.04%.

Mid Session Market

The market has maintained its opening rally and continued to trade higher. The BSE Sensex has crossed the 20,000 mark and the Nifty also surpassed the 6,000 levels. The heavy buying is seen in the Metal, Capital Goods and Oil & Gas stocks. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index. The overall market breadth remains positive, as 2249 stocks are advancing while 595 stocks are declining and the 25 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 144.23 points at 9,355.94 and the BSE small Cap advanced by 267.87 points to trade at 12,248.44.

At 12.31 pm, BSE Sensex was at 20,039.34 up by 185.22 points whereas Nifty was at 6,033.05 up by 47.95 points.

BSE Metal index surged 435.36 points to trade at 19,256.15. The major gainers are Sterlite Industries (2.99%), Hindalco Industries (2.99%), Tata Steel (2.31%) and SAIL (0.74%).

BSE Capital goods index increased 399.80 points to 19,623.68. The main gainers are ABB (2.95%), L&T (2.44%), BHEL (2.25%) and Siemens (0.80%).

BSE Oil & Gas index was trading 252.46 points higher at 12,930.78 as RPL (2.76%), GAIL (2.28%), BPCL (2.22%) and Cairn (2.15%) are trading in green.

BSE Banks index advanced by 153.52 points to trade at 11,255.26. The major gainers are SBI (2.83%), ICICI Bank (0.58%) and HDFC Bank (0.29%).The government is planning to issue bonds of varying maturities to the State Bank of India to fund its rights entitlement in the upcoming public offering by the bank. Also the bank has planned to merge all its associates'' banks with itself by the end of March 2009.

BSE Power index inclined by 82.76 points to trade at 4,435.97 as Crompton Greaves (4.48%), Power Grid (3.88%), GMR Infrastructure (3.69%) and GVK Power (3.52%) are trading higher.

BSE IT index declined by 33.79 points to trade at 4,547.82 as HCL Technologies (1.84%), TCS (1.80%), Wipro (1.31%), Satyam (1.09%) and Infosys (1.05%) are trading in negative territory.

Pre Session Market

The Indian Market is likely to have a positive opening as the US market closed in green while the Asian market is trading mixed. The market closed on an upbeat note by creating a rally across the sectoral indices scrips. The market opened firmly backed by favoring cues from the global markets and keeps on marching forward through out the trading session to close with handsome gains. The cues from the domestic market was good as the BJP got a comfortable victory in the Gujarat state election that wiped off the worries of early national election by the ruling Congress. The IT scrips remained in the limelight today on the back of heavy buying from these baskets ahead of Q3 December 2007 earnings. The BSE Sensex closed higher by 691.55 points at 19,854.12 and NSE Nifty closed up by 218.6 points at 5,985.10. We expect the market to remain volatile during the trading session.

On Monday, the US market closed green. The Dow Jones Industrial Average (DJIA) closed up by 93.72 points at 13,549.33. S&P 500 index closed higher by 12.95 points at 1,496.45 and NASDAQ grew by 21.51 points to close at 2,713.50.

The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading up by 31.08 points at 15,583.67. Singapore Strait Times is trading higher by 18.46 points at 3,452.99 while Taiwan weighted is also trading lower by 67.08 points at 8,099.99.

On Monday, the FIIs stood as the net seller in equity while net buyer in debt. The gross equity purchased was Rs2,561.20 Crore and the gross debt purchased was Rs27 Crore while the gross equity sold stood at Rs3,077 Crore. Therefore, the net investment of equity reported was (Rs515.80 Crore) and net debt was Rs27Crore.

Today, Nifty has support at 5,879 and resistance at 6,081 and BSE Sensex has support at 19,573 and resistance at 20,132.

Monday, December 24, 2007

Post Session Market

The market closed on an upbeat note by creating a rally across the sectoral indices scrips. The market opened firmly backed by favoring cues from the global markets and keeps on marching forward through out the trading session to close with handsome gains. The cues from the domestic market was good as the BJP got a comfortable victory in the Gujarat state election that wiped off the worries of early national election by the ruling Congress. The IT scrips remained in the limelight today on the back of heavy buying from these baskets ahead of Q3 December 2007 earnings. Both the BSE Mid cap and Small Cap closed higher by 186.17 points and 167.25 points at 9,211.71 and 11,980.57 respectively. The BSE Sensex closed with strong gains of 691.55 points at 19,854.12 and NSE Nifty closed higher by 218.6 points at 5,985.10. The BSE Sensex touched its intraday high of 19,879 and low of 19,308.20 during the trading session. Overall, the market breadth was strong as 1,966 stocks are closed in green while 941 stocks are closed in red.

BSE IT index grew by 260.98 points to close at 4,581.61. Scrips that gained are Wipro (8.86%), Edocomp Sol (7.86%), Infosys (6.63%), Satyam (6.28%), TCS (6.07%) and HCL Tech (5.39%).

BSE Metal index closed higher by 547.79 points at 18,820.79. Scrips that gained are Hindal Saw (6.93%), NALCO (5.49%), Sterlite Industries (4.56%), Tata Steel (4.57%) and Sesa Goa (4.51%).

BSE Capital goods index inclined by 498.19 points to close at 19,223.88. Scrips that grew are Areva (10.50%), Punj Lloyd (5.39%), BHEL (5.08%), Alstom Project (4.62%) and SKF India (2.70%).

BSE Oil & Gas index advanced by 432.28 points to close at 12,678.32 as GAIL (9.01%), ONGC (4.75%), BPCL (4.36%), Cairn India (4.19%), RPL (4.11%) and Essar Oil (3.83%) closed higher.

BSE Bankex index advanced by 363.15 points to close at 11,101.74 as PNB (6.53%), IOB (5.69%), ICICI bank (4.40%), Oriental bank (3.66%), BOB (2.92%), HDFC bank (2.89%) and SBI (2.86%) closed in negative.

Mid Session Market

The market is facing a huge buying demand today. The Capital Goods, Metal, Oil & Gas and IT are in strong demand today. The BSE Mid Cap and BSE Small Cap are also trading with significant gain. The overall market breadth remains positive, as 2012 stocks are advancing while 799 stocks are declining and the 41 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 170.13 points at 9,195.67 and the BSE small Cap advanced by 161.52 points to trade at 11,974.84.

At 12.31 pm, BSE Sensex was at 19,685.66 up by 523.09 points whereas Nifty was at 5,920.55 up by 154.05 points.

BSE Metal index surged 464.72 points to trade at 18,737.72. The major gainers are Tata Steel (4.61%), Sterlite Industries (3.98%), NALCO (2.36%), SAIL (1.51%) and Hindalco Industries (1.51%).

BSE Capital goods index increased 373.92 points to 19,099.61. The main gainers are BHEL (3.96%), L&T (2.06%) and Siemens (0.32%).

BSE Banks index advanced by 269.87 points to trade at 11,008.46. The major gainers are ICICI Bank (3.69%), HDFC Bank (2.50%), PNB (2.41%) and SBI (1.86%).

BSE Oil & Gas index was trading 275.64 points higher at 12,521.68 as Gail (5.83%), ONGC (4.53%), Cairn India (3.57%) and RPL (2.40%) are trading in green.

BSE IT index improved by 202.21 points to trade at 4,522.84 as Wipro (7.10%), Infosys (5.90%), TCS (5.26%) and Satyam (4.21%) are trading in positive territory.

BSE Auto index increased by 56.21 points to trade at 5,597.47. Leading to its gain are Mahindra & Mahindra (3.44%), Tata Motors (2.25%) and Hero Honda (1.29%).

BSE Health Care index grew by 61.69 points to trade at 4,304.22. Leading the gain are Opto Circuits (4.60%), Dr. Reddy (4.14%), Glenmark Pharma (2.19%) and Biocon (1.21%).

BSE FMCG index increased 28.48 points to trade at 2,226.93 as United Spirits (2.62%), ITC (1.68%), Marico (1.54%) and Godrej Consumer (1.39%) are trading in green.

Pre Session Market

The Indian Markets today is likely to have a positive opening due to favoring cues from the global markets. On Thursday, The market closed higher after facing a lot of volatility throughout the trading session. The cues from the global markets are not in favor that led the domestic market to struggle a lot to close with marginal gains. The BSE Sensex closed higher by 70.61 points at 19,162.57 and NSE Nifty closed up by 15.35 points at 5,766.50. We expect the market to gain some grounds during the trading session.

On Friday, the US market closed green. The Dow Jones Industrial Average (DJIA) closed higher by 209.97 points at 13,455.61. S&P 500 index grew by 23.38 points to close at 1,483.50 while NASDAQ closed up by 51.13 points to close at 2,691.99.

Indian ADRs ended in positive territory. In technology sector, Patni Computers grew by 6.30% along with Wipro by 3.29%, Satyam by 2.88% and Infosys by 1.64%. In banking sector, HDFC bank and ICICI bank surged (5.49%) and (2.81%) respectively. In telecommunication sector, VSNL and MTNL increased by (6.70%) and (0.55%) respectively. Sterlite industries inched by (2.50%).

The major stock markets in Asia are trading strong. Hang Seng is trading higher by 411.01 points at 28,037.93. Taiwan weighted is also trading up by 170.26 points at 8,111.70. Singapore Strait Times is trading at 3,439.25 up by 41.15 points. South Korea''s Seoul Composite advanced by 38.70 points to trade at 1,917.02.

On Thursday, the FIIs stood as the net seller in equity while net buyer in debt. The gross equity purchased was Rs2,585 Crore and the gross debt purchased was Rs6.50 Crore while the gross equity sold stood at Rs3,677.50 Crore and gross debt sold stood at Rs5.80Crore. Therefore, the net investment of equity reported was (Rs2,1,092.50 Crore) and net debt was Rs0.70Crore.

Today, Nifty has support at 5,690 and resistance at 5,861 and BSE Sensex has support at 18,982 and resistance at 19,512.

Thursday, December 20, 2007

Post Session Market

The market closed higher after facing a lot of volatility throughout the trading session. The cues from the global markets are not in favor that led the domestic market to struggle a lot to close with marginal gains. The market opened on a firm note but pared most of its gains at the end of the session. The IT and Metal stocks remained in the limelight as most buying is seen from these baskets. Both the BSE Mid cap and Small Cap closed lower by 54.85 points and 102.04 points at 9,025.54 and 11,813.32 respectively. The BSE Sensex closed up by 70.61 points at 19,162.57 and NSE Nifty closed higher by 15.35 points at 5,766.50. The BSE Sensex touched its intraday high of 19,291.14 and low of 19,097.70 during the trading session. Overall, the market breadth was week as 1,754 stocks are closed in red while 1166 stocks are closed in green.

BSE Metal index closed higher by 70.90 points at 18,273. Scrips that gained are SH. Precoated (7.16%), SAIL (2.30%), Jindal steel (1.33%), JSW steel (1.16%), Hindalco (0.40%).

BSE Realty index closed up by 10.82 points at 11,614.08. Scrips that grew are Phoenix mill (4.78%), Mahindra Life (2.02%), Omaxe (1.92%), HDIL (1.33%) and DLF (1.09%).

BSE Capital goods index declined by 172.48 points to close at 18,725.69. Scrips that fell are AIA Engineer (3.28%), ABB (2.94%), Praj inds (2.38%) and BHEL (1.31%).

BSE Oil & Gas index fell by 34.76 points to close at 12,246.0 as Essar Oil (5.96%), RNRL (2.02%), Aban Offshore (1.39%), RPL (1.31%) and IOCL (0.56%) closed lower.

BSE Bankex index dropped by 25.37 points to close at 10,738.59 as CentBOP (4.34%), IOB (2.84%), BOB (1.72%), Andhra bank (1.17%) and Axis bank (1.07%) closed in negative.

BSE Health Care index dropped by 4.63 points to close at 4,242.53 as Glaxosmithkline (5.32%), Dishman pharma (3.78%), Fortis health (2.85%), Cadila health (2.36%) and Pfizer (1.43%).

Mid Session Market

The market is trading higher now after a volatile trade from the opening session. The It, Metal and Realty are in strong demand today. Whereas the heavy selling witnessed in the Capital Goods stocks. However the BSE Mid Cap and BSE Small Cap are trading with marginal gain. The overall market breadth remains positive, as 1519 stocks are advancing while 1299 stocks are declining and the 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 19.22 points at 9,099.61 and the BSE small Cap advanced by 15.43 points to trade at 11,930.79.

At 12.31 pm, BSE Sensex was at 19,224.75 up by 132.79 points whereas Nifty was at 5,781.25 up by 30.10 points.

BSE IT index surged by 117.47 points to trade at 4,298.47 as Satyam (4.20%), Infosys (3.23%), HCL Tech. (1.65%) and TCS (1.46%) are trading in positive territory.

BSE Metal index grew 55.53 points to trade at 18,257.63. The major gainers are Hindalco Industries (2.09%), JSW Steel (1.65%), Jindal Saw (1.58%) and Tata Steel (0.42%).

BSE Auto index increased by 37.39 points to trade at 5,563.03. Leading to its gain are Tata Motors (2.52%), Exide Industries (2.43%), Mahindra & Mahindra (2.95%) and Bajaj Auto (0.51%).

BSE Health Care index grew by 24.84 points to trade at 4,272. Leading the gain are Opto Circuits (4.60%), Dr. Reddy (4.14%), Glenmark Pharma (2.19%) and Biocon (1.21%).

BSE Banks index improved by 14.02 points to trade at 10,777.98. The major gainers are Kotak Bank (3.71%), SBI (1.93%), Union Bank (1.26%) and PNB (0.85%).

BSE Oil & Gas index was trading 10.83 points higher at 12,291.63 as Cairn (2.04%), HPCL (1.15%), BPCL (0.65%) and ONGC (0.29%) are trading in green.

BSE Power index inclined by 5.69 points to trade at 4,228.49 as Reliance Energy (4.03%), Tata Power (3.22%), Power Grid (1.57%) and Crompton Greaves (1.27%) are trading higher.

BSE Capital goods index dropped 153.78 points to 18,744.39. The main losers are ABB (2.87%), BHEL (1.08%), L&T (0.43%) and Siemens (027%).

Pre Market Report

The Indian Markets today is likely to have a positive opening on the back of mixed global cues. On Wednesday, the markets closed with marginal gains after making a come back in the final trading hour of the session. The market opened on a strong note on the back of favoring cues from the global markets. Though the market opened on a firm note but unable to sustain its gains at higher levels as the profit booking across the sectoral indices scrips prevails. The BSE Sensex closed marginally up by 12.32 points at 19,091.96 and NSE Nifty closed higher by 8.85 points at 5,751.15. We expect the market to remain range bound during the trading session.

On Wednesday, the US market closed mixed. On Wednesday, the DJIA closed lower by 25.52 points at 13,206.95 along with S&P 500 index by 1.98 points to close at 1,453 while NASDAQ closed up by 4.98 points to close at 2,601.01.

Indian ADRs ended in mixed. In technology sector, Satyam grew by 0.48% along with Wipro by 0.36%, Patni computers 0.32% and Infosys 0.17%. In banking sector, HDFC bank and ICICI bank declined by (1.79%) and (0.59%) respectively. In telecommunication sector, VSNL and MTNL surged (21.69%) and (3.67%) respectively. Sterlite industries dropped by (2.24%).

The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading up by 108.50 points at 15,139.01 while Hang Seng is trading lower by 21.58 points at 27,007.68. Taiwan weighted is also trading down by 40.88 points at 7,973.43. On Wednesday, the FIIs stood as the net seller both in equity and debt. The gross equity purchased was Rs3,446.50 Crore and the gross debt purchased was Rs2 Crore while the gross equity sold stood at Rs5,896.30 Crore and gross debt sold stood at Rs262.70Crore. Therefore, the net investment of equity reported was (Rs2,449.80 Crore) and net debt was (Rs260.70Crore).

Today, Nifty has support at 5,672 and resistance at 5,847 and BSE Sensex has support at 18,872 and resistance at 19,384.

Wednesday, December 19, 2007

Post Session Market

The market closed with marginal gains after making a come back in the final trading hour of the session. The market opened on a strong note on the back of favoring cues from the global markets. Though the market opened on a firm note but unable to sustain its gains at higher levels as the profit booking across the sectoral indices scrips prevails. The BSE Mid cap closed lower by 13.45 points at 9,080.39 while Small cap closed higher by 97.24 points at 11,915.36. The BSE Sensex closed marginally up by 12.32 points at 19,091.96 and NSE Nifty closed higher by 8.85 points at 5,751.15. The BSE Sensex touched its intraday high of 19,397.76 and low of 18,886.40 during the trading session. Overall, the market breadth was week as 1,882 stocks are closed in green while 1030 stocks are closed in red.

BSE Health Care index slipped by 14.16 points to close at 4,247.16 as Opto Circuit (3.59%), Dr. Reddy (2.83%), Biocon (1.59%), Glenmark (1.50%) and Nicholas Piramal (1.02%) closed lower.

BSE Metal index closed higher by 124.47 points at 18,202.10. Scrips that grew are SH. Precoated (9.88%), Ispat industries (5.22%), Nalco (3.32%), Jindal Saw (3.15%), JSW Steel (2.54%).

BSE FMCG index closed up by 14.18 points at 2224.19. Scrips that grew are Tata Tea (2.34%), United Spirits (1.49%), ITC (0.94%), HUL (0.40%) and Nestle (0.27%).

BSE Realty index dropped by 51.32 points to close at 11,603.26 as Phoenix mill (8.01%), Anant Raj (6.21%), Akruti (1.18%), Omaxe (1.38%), Sobha Developers (1.38%) and Parsvnath (1.17%).

BSE Oil & Gas index slipped by 28.88 points to close at 12,280.80. Scrips that fell are GAIL (3.64%), Aban Offshore (1.57%), IOCL (1.52%), Reliance industries (0.88%) and RNRL (0.81%).

BSE Bankex index closed flat at 10,763.96 as IOB (3.57%), Union bank (2.85%), Yes bank (2.73%) closed lower while Canara bank (2.34%), ICICI bank (1.79%) and Federal bank (0.33%) closed higher.

Mid Session Market

The market has shed some of its opening gains as profit booking emerged at the higher level. The Metal, Capital Goods, Oil & Gas and Bank stocks are in demand today. All the BSE indices are trading in green from the opening bell. However the BSE Mid Cap and BSE Small Cap have out performed the benchmark index today. As a result the overall market breadth remains positive, as 2210 stocks are advancing while 532 stocks are declining on BSE.

The BSE Mid cap is higher by 135.07 points at 9,228.91 and the BSE small Cap advanced by 246.74 points to trade at 12,064.86.

At 12.31 pm, BSE Sensex was at 19,131.51 up by 51.87 points whereas Nifty was at 5,765.10 up by 22.80 points.

BSE Metal index surged 466.97 points to trade at 18,544.60. The major gainers are Tata Steel (2.20%), NALCO (1.93%), Sterlite Industries (1.26%) and Hindalco Industries (1.01%).

BSE Capital goods index advanced 224.43 points to 19,127.14. The main gainers are Punl Lloyd (2.08%), Praj Industries (1.91%), BHEL (1.55%) and L&T (1.34%).

BSE Banks index improved by 154.93 points to trade at 10,919.15. The major gainers are Canara Bank (3.83%), ICICI Bank (1.52%), Allahabad Bank (1.35%) and Federal Bank (1.02%).

BSE Oil & Gas index was trading 165.44 points higher at 12,475.12 as ONGC (2.63%), Essar Oil (2.36%), HPCL (2.04%) and Indian Oil (1.08%) are trading in green.

BSE Power index inclined by 45.32 points to trade at 4,260.62 as Reliance Energy (3.10%), Power Grid (1.79%), Suzlon Energy (1.90%) and Areva (1.50%) are trading higher.

BSE Auto index increased by 66.73 points to trade at 5,631.60. Leading to its gain are Mahindra & Mahindra (4.92%), TVS Motors (3.83%), MRF (2.12%) and Tata Motors (1.57%).

BSE IT index up by 33.14 points to trade at 4,195.90 as Infosys (1.55%), TCS (0.99%) and HCL Tech (0.67%) are trading in positive territory.

BSE Health Care index grew by 53.66 points to trade at 4,314.98. Leading the gain are Ranbaxy (1.46%), Cipla (1.39%) and GSK Pharma (0.47%).

Pre Session Market

The market is likely to have positive opening on the back of firm cues from the global markets. Yesterday, The market closed on a negative note after facing a lot of volatility. Though the market lost the momentum after the opening on the back of heavy selling across the counters but buying at the lower levels led the market to recover but manages to hold its gains at higher levels and closed lower. The BSE Sensex closed lower by 181.71 points at 19,079.64 and NSE Nifty slipped by 34.7 points to close at 5,742.30. We expect the market to gain some grounds today during the trading session.

On Tuesday, the US market closed in green. On Tuesday, the DJIA closed higher by 65.27 points at 13,232.47 along with NASDAQ by 21.57 points to close at 2,596.03 and S&P 500 index by 9.08 points to close at 1,454.98.

Indian ADRs ended in positive territory. In technology sector, Infosys grew by (2.46%) along with Satyam by (0.68%) and Wipro by (0.57%). In banking sector, HDFC bank and ICICI bank surged (4.07%) and (1.93%) respectively. In telecommunication sector, MTNL and VSNL inched up by (2.86%) and (2.22%) respectively.

The major stock markets in Asia are trading firm. Hang Seng is trading up by 339.66 points at 27,072.53. Japan''s Nikkei is trading higher by 6.39 points at 15,214.25. Taiwan weighted is trading strong at 7,985.57 up by 178.18 points. Singapore Strait times is trading up by 37.61 points at 3,406.92.

On Tuesday, the FIIs stood as the net seller in equity and net buyer in debt. The gross equity purchased was Rs4, 117.70 Crore and the gross debt purchased was Rs385.40 Crore while the gross equity sold stood at Rs5, 216.40 Crore and gross debt sold stood at Rs0.00Crore. Therefore, the net investment of equity reported was (Rs1, 098.70 Crore) and net debt was Rs385.40Crore.

Today, Nifty has support at 5,698 and resistance at 5,837 and BSE Sensex has support at 18,936 and resistance at 19,416.

Tuesday, December 18, 2007

Post Session Market

The market closed on a negative note after facing a lot of volatility and keeps on moving in the positive and negative region through out the trading session. Though the market lost the momentum after the opening on the back of heavy selling across the counters but buying at the lower levels led the market to recover but unable to hold its gains at higher levels and closed lower. Most selling is seen from the Metals, Capital Goods and banking baskets. Both the BSE Mid cap and Small cap closed with a marginal loss of 11.74 points and 21.90 points at 9,093.84 and 11,818.12 respectively. The BSE Sensex closed lower by 181.71 points at 19,079.64 and NSE Nifty slipped by 34.7 points to close at 5,742.30. Overall, the market breadth was week as 1,672 stocks are closed in red while 1225 stocks are closed in green.

BSE Health Care index grew by 63.12 points to close at 4,261.32. Scrips that gained are Nicholas Piramal (7.29%), Sun Pharma (4.03%), Cipla (3.78%), Glenmark (1.54%) and Ranbaxy (1.05%).

BSE Metal index closed lower by 246.87 points at 18,077.63. Scrips that fell are Jindal Steel (6.11%), Sesa Goa (3.53%), Maharash Sea (2.35%), Bhushan steel (2.22%), Sterlite Inds (1.76%)

BSE Capital Goods fell by 226.43 points to close at 18,902.71. Pushed down by BEML (2.87%), L&T (2.80%), Kalpataru (2.50%), BHEL (1.24%), Lakshmi Machines (1.71%) .

BSE Realty index closed down by 44.78 points at 11,654.58 as Ansal Infra (3.05%), Akruti City (2.34%), Unitech (2.11%), Mahindralife (1.53%) closed lower.

BSE Oil & Gas index declined marginally by 5.04 points to close at 12,309.68. Scrips that fell are Reliance (1.75%) and ONGC (1.41%) while Essar Oil (9.90%), BPCL (5.29%), Indian Oil (4%) .

BSE Bankex index dropped by 155 points to close at 10,764.22. Pulled it down are Canara Bank (3.56%), AXIX Bank (2.65%), ICICI Bank (2.27%), PNB (1.74%) and Kotak Bank (1.54%).

Mid Session Market

The market has lost further ground on the back of heavy selling pressures seen in the selective scrips. The Capital Goods, Metal and Bank stocks are still facing the selling pressures. The BSE Mid Cap and BSE Small Cap have under performed the benchmark index today. As a result the overall market breadth remains negative, as 724 stocks are advancing while 2108 stocks are declining and 27 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 67.31 points at 9,038.27 and the BSE small Cap slipped by 147.50 points to trade at 11,692.52.

At 12.31 pm, BSE Sensex was at 19,160.58 down by 100.77 points whereas Nifty was at 5,778.30 up by 1.30 points.

BSE Health Care index grew by 20.36 points to trade at 4,218.56. Leading the gain are Nicholas Piramal (3.44%), Sun Pharma (2.85%), Glenmark Pharma (2.39%) and Biocon (1.93%).

BSE Capital goods index dropped 334.65 points to 18,794.49. The main losers are L&T (2.87%), BHEL (2.27%), Siemens (1.55%) and ABB (0.78%).

BSE Metal index dropped 226.98 points to trade at 18,097.52. The major losers are Jindal Steel (5.42%), Sesa Goa (4.17%), Ispat Industries (3.47%),Sterlite Industries (2.85%) and Hindalco Industries (1.99%).

BSE Banks index slipped by 105.08 points to trade at 10,814.14. The major losers are HDFC Bank (2.43%), PNB (1.86%), ICICI Bank (0.77%) and SBI (0.30%).

BSE Oil & Gas index was trading 26.29 points lower at 12,288.43 as Indian Oil (1.77%), GAIL (1.30%), RPL (1.13%) and Cairn (0.72%) are trading in red.

BSE Power index declined by 43.87 points to trade at 4,178.81 as Torent Power (3.56%), Tata Power (3.16%), BHEL (2.28%) and GVK Power (1.81%) are trading lower.

BSE Auto index declined by 24.27 points to trade at 5,544.97. Leading to its drop are Amtek Auto (1.77%), Mahindra & Mahindra (1.70%), Escorts (1.23%) and Bharat Forge (1.13%).

BSE IT index down by 20.97 points to trade at 4,146.93 as Educomp Solution (4.12%), I-flex (3.17%) and Mphasis (2.18%) are trading in negative territory.

Pre Session Market

The market is likely to have negative opening on the back of weak global cues. Yesterday, the Indian markets declined drastically by more than 850 points during the trading session on the back of heavy selling pressures across the counters. The cues from the global markets are not in favor, which led the domestic market to trade on the back foot. On Monday, the BSE Sensex closed lower by 769.48 points at 19,261.35 and NSE Nifty fell by 270.7 points to close at 5,777. We expect the market to extend yesterday''s losses today during the trading session.

On Monday, the US market closed in red. The DJIA declined by 172.65 points to close at 13,167.20 along with Nasdaq by 61.28 points to close at 2,574.46 and S&P 500 index by 22.05 points to close at 1,445.90.

Indian ADRs ended in negative territory. In technology sector, Satyam slipped by (5.62%) along with Patni Computers by (3.77%), infosys by (3.69%) and Wipro by (3.45%). In banking sector, HDFC bank and ICICI bank dropped (8.41%) and (7.94%) respectively. In telecommunication sector, VSNL and MTNL dropped by (10.42%) and (6.32%) respectively.

The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 250.37 points at 26,346.21. Japan''s Nikkei is trading down by 117.31 points to close at 15,132.48. Taiwan weighted is trading at 7,799.58 down by 31.27 points. While Singapore Strait times is trading up by 6.34 points at 3,359.90 along with South Korea''s Seoul Composite is trading higher by 7.08 points at 1,846.90.

The FIIs on Monday stood as the net buyer both in equity and debt. The gross equity purchased was Rs4,732.60 Crore and the gross debt purchased was Rs445.90 Crore while the gross equity sold stood at Rs4,325.10 Crore and gross debt sold stood at Rs0.00Crore. Therefore, the net investment of equity reported was Rs407.50 Crore and net debt was Rs445.90Crore.

Today, Nifty has support at 5,612 and resistance at 5,809 and BSE Sensex has support at 18,863 and resistance at 19,329.

Monday, December 17, 2007

Post Session Market

The Indian markets declined drastically by more than 850 points during the trading session on the back of heavy selling pressures across the counters. A major correction is witnessed in today market session after a strong rally for the past weeks. The cues from the global markets are not in favor, which led the domestic market to trade on the back foot. The market opened on a week note and keeps on marching backwards through out the trading session. Most selling is seen from the Metals, Capital Goods, Oil & Gas and Realty baskets as they declined sharply. Both the BSE Mid cap and Small cap slipped by 366.36 points and 355.48 points to close at 9,105.58 and 11,840.02 respectively. The BSE Sensex closed with a heavy loss of 769.48 points at 19,261.35 and NSE Nifty fell by 270.7 points to close at 5,777. Overall, the market breadth was week as 1,944 stocks are closed in red while 995 stocks are closed in green.

BSE Metal index closed lower by 1438.50 points at 18,324.50 as JSW Steel (12.98%), Jindal Saw (10.06%), Jindal Steel (9.57%), Sterlite Industries (8.45%), SAIL (7.20%), Bhusan Steel (6.27%) closed in red.

BSE Capital Goods slipped by 733.37 points to close at 19,129.14. Scrips that fell are Praj Industries (9.89%), Punj Lloyd (7.86%), AIA Engineering (6.42%), BHEL (5.32%) a

BSE Realty index closed down by 701.10points at 11,699.36 as Purvankara (10.33%), Penland (8.50%), Indiabull Real 8.26%), DLF (7.53%), Parsavnath (6.29%) closed lower.

BSE Oil & Gas index declined by 666.23 points to close at 12,314.72. Scrips that fell are Essar Oil (11.23%), HPCL (8.52%), RNRL (8.12%), Aban Offshore (6.75%), BPCL (5.33%) and GAIL (2.88%).

BSE Bankex index dropped by 416.25 points to close at 10,919.22. Pulled it down are Oriental bank (7.16%), Allahabad bank (6.10%), PNB (5.32%), Canara bank (4.64%) and SBI (3.98%).

BSE Auto index slipped by 174.56 points to close at 5,569.24 as TVS Motor (8.72%), Ashok Leyland (7.68%), Escorts (7.64%), Tata Motors (8.72%), M&M (2.16%) closed lower.

Mid Session Market

The market has lost further ground on the back of heavy selling pressures seen in the selective scrips. The Metal, Capital Goods, Oil & Gas and Realty stocks are still facing the selling pressures. While the heavy buying witnessed in the Small Cap stocks. The Mid Cap is trading slightly lower. As a result the overall market breadth remains positive, as 1874 stocks are advancing while 981 stocks are declining and 30 stocks remained unchanged on BSE. The BSE Mid cap is lower by 10.14 points at 9,461.80 while the BSE small Cap advanced by 128 points to trade at 12,323.50.

At 12.31 pm, BSE Sensex was at 19,742.34 down by 288.49 points whereas Nifty was at 5,924.75 down by 122.95 points.

BSE FMCG index increased 35.31 points to trade at 2,299.24 as Nestle (2.40%), ITC (1.82%), Dabur (0.42%) and Tata Tea (0.24%) are trading in green.There is some speculation that ITC will separate some of its units into separate companies.

BSE Health Care index grew by 9.26 points to trade at 4,317.53. Leading the gain are Apollo Hospital (6.94%), Fortis Health (5.77%), IPCA Lab (4.87%) and Cipla (2.39%).

BSE Metal index dropped 391.88 points to trade at 19,371.12. The major losers are Hindalco Industries (3.76%), Sterlite Industries (3.56%), NALCO (3.33%) and SAIL (2.14%).

BSE Oil & Gas index was trading 234.23 points lower at 12,746.72 as ONGC (4.12%), BPCL (2.86%), RPL (2.25%) and GAIL (1.55%) are trading in red.

BSE Capital goods index dropped 199.43 points to 19,663.08. The main losers are BHEL (2.66%), ABB (2.37%), Siemens (0.26%) and L&T (0.14%).

BSE Banks index slipped by 159.94 points to trade at 11,175.53. The major losers are HDFC Bank (2.73%), SBI (2.29%), PNB (2.21%) and ICICI Bank (0.91%).

BSE Auto index declined by 54.11 points to trade at 5,689.69. Leading to its drop are Tata Motors (3.36%), Maruti Suzuki (0.86%), Bajaj Auto (0.53%) and Mahindra & Mahindra (0.13%).

Pre Session Market

The market is likely to have negative opening as the cues from the global markets are not in favor. The Indian Market closed marginally lower on Friday after struggling a lot during the trading session. The market keeps on moving in positive and negative region through out the trading session as the volatility gripped the market. But buying at the lower levels led the market to shed most of its losses to closed marginally lower. On Friday, the BSE Sensex closed lower by 73.56 points at 20,030.83 and NSE Nifty fell by 10.4 points to close at 6,047.70. We expect the market to remain cautious during the trading session.

On Friday, the US market closed in red. The DJIA closed lower by 178.11 points at 13,339.85 along with S&P 500 index fell 20.46 points to close at 1,467.95 and NASDAQ dropped by 32.75 points to close at 2,635.74.

Indian ADRs ended in negative territory. In technology sector, Wipro declined by (3.85%) along with Patni computers by (1.94%) and Infosys by (0.72%). In banking sector, ICICI bank and HDFC bank fell (2.94%) and (0.78%) respectively. In telecommunication sector, MTNL and VSNL dropped by (1.99%) and (0.12%). The major stock markets in Asia are trading weak. Hang Seng is trading lower by 601.71 points at 26,961.93. Taiwan weighted is trading down by 204.23 points at 7,913.85 and Japan''s Nikkei is trading at 15,482.15 slipped by 32.36 points. Singapore Strait Times is down by 70.15 points to trade at 3,396.23. South Korea''s Seoul Composite slipped by 30.05 points to trade at 1,865.

The FIIs on Friday stood as the net buyer in equity while net seller in debt. The gross equity purchased was Rs6,909.50 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs5,827.40 Crore and gross debt sold stood at Rs9Crore. Therefore, the net investment of equity reported was Rs1,082.10 Crore and net debt was (Rs9Crore).

Today, Nifty has support at 5,923 and resistance at 6,102 and BSE Sensex has support at 19,680 and resistance at 20,125.

Friday, December 14, 2007

Post Session Market

The market closed with marginal loss after facing a lot of volatility during the trading session. The cues fro the global markets are not in favor, which led to the profit booking across the counters. The market keeps on moving in positive and negative region through out the trading session as the volatility gripped the market. But buying at the lower levels led the market to shed most of its losses to closed marginally lower. As usual, both the BSE Mid cap and Small cap outperformed the benchmark indices as they attracted the most investor''s confidence. Most buying is seen from the Health Care and Oil & Gas indices baskets. The BSE Sensex closed lower by 73.56 points at 20,030.83 and NSE Nifty fell 10.4 points to closed at 6,047.70. Overall, the market breadth was strong as 2,082 stocks are closed higher while 830 stocks are closed lower.

BSE Health Care index grew by 106.09 points to close at 4,308.27. Pushed up by Fortis health care (19.49%), Lupin (6.48%), Cadila Health (5.01%), Glennmark (4.55%)

BSE Metal index closed lower by 4.72 points at 19,763 as Gujarat NRE (5.75%), Ispat (4.15%), Sesa Goa (3.24%) and Hind Zinc (3.19%) closed in green while SAIL (1.51%), Tata Steel (1.30%) and Sterlite industries (0.54%) closed in red.

BSE Capital Goods slipped by 199.45 points to close at 20,862.51. Scrips that fell are Areva (3.67%), Crompton Greaves (2.53%), L&T (1.44%), Siemens (1.19%) and BHEL (1.16%).

BSE FMCG closed higher by 32.16 points at 2,263.93. Pushed up by Marico (2.66%), HUL (2.33%), United Breweries (2.22%), ITC (1.88%) and Dabur (0.72%).

BSE Realty index closed flat at 12,400.46 as HDIL (5.72%), Mahindra Life (5.29%), Anant Raj (2.92%) and Parsvnath (1.14%) closed up while Ansal infra (8.38%), Omaxe (5.57%) closed lower.

BSE Oil & Gas index grew by 113.71 points to close at 12,980.95. Scrips that gained are Cairn India (3.32%), Reliance industries (1.99%), ONGC (0.90%) and Aban Offshore (0.15%).

Mid Session Market

The market is trading in between the positive and negative territory. There is nothing much movement in the large cap stocks. While the heavy buying witnessed in the Mid Cap and Small Cap stocks. negative territory on the back of selling in the selective scrips continued across the board. As a result the overall market breadth remain extremely positive, as 2264 stocks are advancing while 579 stocks are declining and 25 stocks remained unchanged on BSE. The Metal, Consumer Durables and Health Care stocks are in heavy demand today.

The BSE Mid cap is higher by 134.67 points at 9,510.61 and the BSE small Cap advanced by 236.06 points to trade at 12,243.39.

At 12.35 pm, BSE Sensex was at 20,152.12 up by 47.73 points whereas Nifty was at 6,071.90 up by 13.8 points.

BSE Metal index surged 155.23 points to trade at 19,922.95. The major gainers are Ispat Industries (2.64%), NALCO (2.04%), Hindalco Industries (1.44%) and JSW Steel (1.23%).

BSE Health Care index grew by 92.32 points to trade at 4,294.50. Leading the gain are Cipla (3.43%), Dr. Reddy (2.40%), Ranbaxy (1.70%) and Sun Pharma (0.45%).

BSE FMCG index increased 40.75 points to trade at 2,272.52 as Marico (3.45%), ITC (3.15%), Godrej consumer (2.53%) and Dabur (1.35%) are trading in green.

BSE IT index up by 0.41 points to trade at 4,284.78 as Educomp Solution (2.41%), Financial Technologies (1.39%), NIIT Techno (0.69%) and TCS (0.45%) are trading in positive territory.

BSE Banks index advanced by 4.24 points to trade at 11,499.64. The major gainers are Andhra Bank (1.13%), Axix Bank (0.76%), SBI (0.67%) and ICICI Bank (0.52%).

BSE Oil & Gas index was trading 34.88 points higher at 12,902.12 as Essar Oil (1.12%), Cairn (1.05%), ONGC (0.92%) and HPCL (0.55%) are trading in green.

BSE Capital goods index dropped 75.25 points to 19,986.71. The main losers are L&T (1.37%), BHEL (0.93%) and Siemens (0.62%).

Pre Session Market

The Market is likely to have positive opening, as the US market closed mixed. The market yesterday closed lower as it tumbled towards the end of the trading session on the back of profit booking by the investors across the counters. Though the market opened on a strong note to touch its all time high but all of a sudden lost the grip to pare all its initial gains on the back of heavy selling pressure. On Thursday, the BSE Sensex closed lower by 271.48 points at 20,104.39 and NSE Nifty fell by 101.2 points to close at 6,058.10. We expect the market to remain range bound during the trading session.

On Thursday, the US market closed mixed. The DJIA closed higher by 44.06 points at 13,517.96 along with S&P 500 index grew marginally by 1.82 points to close at 1,488.41 while NASDAQ slipped by 2.65 points to close at 2,668.49.

Indian ADRs ended in mixed territory. In technology sector, Infosys dropped 2.43% along with Satyam (0.26%) while Wipro and Patni Computers dropped by (0.73%) and (0.29%) respectively. In banking sector, HDFC bank and ICICI bank slipped by (2.98%) and (1.59%) respectively. In telecommunication sector, VSNL grew by 1.68% while MTNL decreased by (1.85%). Sterlite industries fell (2.80%).

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 51.82 points at 27,692.63. Taiwan weighted is trading down by 65.41 points at 8,122.54 Singapore Strait Times is down by 10.46 points to trade at 3,468.85. While Japan''s Nikkei is trading up by 96.20 points at 15,632.72.

Today, Nifty has support at 5,946 and resistance at 6,143 and BSE Sensex has support at 19,829 and resistance at 20,319.

Thursday, December 13, 2007

Post Session Market

The market tumbled towards the end of the trading session on the back of profit booking by the investors across the counters. Though the market opened on a strong note to touch its all time high but all of a sudden lost the grip to pare all its initial gains on the back of heavy selling pressure. Almost all the major sectoral indices closed in red except the Metal, FMCG and Health Care indices that attracts investors confidence to closed in green. The BSE Sensex touched its intraday high of 20,498.11 and low of 20,065.63 during the trading session. The BSE Sensex closed lower by 271.48 points at 20,104.39 and NSE Nifty fell 101.2 points to closed at 6,058.10. Once again both the BSE Mid cap and Small cap outperformed the benchmark indices to close up by 36.45 points and 122.34 points at 9,375.94 and 12,007.33 respectively. Overall, the market breadth was strong as 1,842 stocks are closed higher while 1060 stocks are closed lower.

BSE Metal index surged 138.65 points to close at 19,767.72. Scrips that gained are JSW Steel (7.84%), Bhushan steel (7.47%), Ispat industries (5.71%), Tata Steel (2.89%), Seas Goa (2.76%).

BSE Capital Goods slipped by 246.31 points to close at 20,061.96. Scrips that fell are Jyoti structures (3.13%), BEML (2.30%), Thermax ltd (2.41%), Suzlon energy (2.15%), SKF (1.11%).

BSE FMCG closed higher by 42.25 points at 2,231.77. Pushed up by Tata Tea (4.31%), ITC (4.12%), Britannia (1.79%), Godrej con (1.89%) and HUL (0.76%).

BSE Realty index closed lower by 139.78 points at 12,400.54. Pulled down by Penland (4.75%), Parsvnath (4.24%), Phoenix mill (3.60%), Anant raj (3.08%), Omaxe (2.69%) and Unitech (1.72%).

BSE Oil & Gas index dropped by 284.78 points to close at 12,867.24 as Essar oil (4.59%), GAIL (3.91%), BPCL (2.56%), RNRL (2.48%), RPL (2.31%) and ONGC (2.23%) closed lower.

BSE Bankex index fell 216.72 points to close at 11,495.40. Scrips that dropped are ICICI bank (3.70%), Andhra bank (2.64%), SBI (1.89%), Yes bank (1.22%), Oriental bank (1.51%).

Mid Session Market

The market is trading in negative territory on the back of selling in the selective scrips continued across the board. However the Metal stocks are in strong demand from the opening trade. The BSE Mid Cap and BSE Small Cap are in focus today, as heavy buying witnessed in these stocks only. As a result the overall market breadth remain extremely positive, as 2074 stocks are advancing while 754 stocks are declining and 31 stocks remained unchanged on BSE. The BSE Mid cap is higher by 76.19 points at 9,415.68 and the BSE small Cap advanced by 187.19 points to trade at 12,072.18.

At 12.35 pm, BSE Sensex was at 20,287.71 down by 88.16 points whereas Nifty was at 6,114.95 down by 44.35 points.

BSE Metal index surged 341.08 points to trade at 19,970.15. The major gainers are Ispat Industries (8.50%), Hindalco Industries (2.91%), Tata Steel (2.43%) and SAIL (0.69%).

BSE Health Care index grew by 40.15 points to trade at 4,214.13. Leading the gain are Cadila Health (5.82%), Biocon (4.40%), Lupin (2.73%) and Dr.Reddy (3.11%).

BSE Auto index inclined 64.40 points to trade at 5,834.42. Leading to it are Mahindra & Mahindra (2.66%), Hero Honda (2.12%), Bajaj Auto (1.19%) and Tata Motors (0.91%).

BSE FMCG index increased 67.82 points to trade at 2,257.34 as ITC (4.31%), Tata Tea (4.13%), Godrej Consumer (2.58%) and Glaxosmith Consumer (1.43%) are trading in green.

BSE Capital goods index improved 73.91 points to 20,382.18. The main gainers are Prajj Industries (3%), Punj Lloyd (1.17%), ABB (0.42%) and AIA Engineering (0.55%).

BSE IT index down by 21.94 points to trade at 4,331.65 as Wipro (1.57%), HCL Technologies (1.57%), Satyam (1.39%) and Infosys (0.89%) are trading in negative territory.

BSE Banks index slipped by 49.46 points to trade at 11,662.66. The major losers are ICICI Bank (1.63%), HDFC Bank (1.40%) and SBI (0.04%).

BSE Oil & Gas index was trading 11.09 points lower at 13,140.96 as BPCL (2.05%), GAIL (1.66%), RPL (1.31%) and ONGC (0.64%) are trading in red.

Pre Session Market

The Market is likely to have positive opening, as the US market closed in green. The market closed yesterday at all time high after struggling a lot at the initial stage. Though the market lost the ground at the initial stage but manages to recover all its losses as a result of heavy buying at lower levels. On Wednesday, the BSE Sensex closed higher by 84.98 points at 20,375.87 and NSE Nifty closed up by 62.05 points at 6,159.30. We expect the market to remain range bound during the trading session.

On Wednesday, the US market closed in green. The DJIA closed higher by 41.13 points at 13,473.90. The S&P 500 index increased by 8.94 points to close at 1,486.59 and NASDAQ grew by 18.79 points to close at 2,671.14.

Indian ADRs ended in positive territory. In technology sector, Satyam grew (1.03%) along with Wipro by (0.94%) and Infosys by (0.53%). In banking sector, ICICI bank and HDFC bank advanced by (2.57%) and (1%) respectively. In telecommunication sector, MTNL and VSNL increased by (4.07%) and (2.88%) respectively. Sterlite industries grew by (1.57%).

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 163.98 points at 28,357.08. Japan''s Nikkei is trading down by 188.14 points at 15,744.12. Taiwan Weighted is trading at 8,415.31 fell by 75.53 points. Singapore Strait Times dropped by 8.78 points to trade at 3,540.47.

The FIIs stood as the net buyer on Wednesday both in equity and debt. The gross equity purchased was Rs4, 178.20 Crore and the gross debt purchased was Rs427 Crore while the gross equity sold stood at Rs3, 488.30 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs689.90 Crore and net debt was Rs427 Crore.

Today, Nifty has support at 6,053 and resistance at 6,232 and BSE Sensex has support at 20,118 and resistance at 20,489.

Wednesday, December 12, 2007

Post Session Market

The market closed at all time high after struggling a lot at the initial stage. The cues from the global market are not in favor, which led the Indian markets to open on a weak note on the back of heavy selling across the counters. Though the market lost the ground at the initial stage but manages to recover all its losses as a result of heavy buying at lower levels. The metal, realty and Oil and Gas indices remained the centre of attraction as most buying is seen from these stocks. The BSE Sensex closed higher by 84.98 points at 20,375.87 and NSE Nifty closed up by 62.05 points at 6,159.30. Both the BSE Mid cap and Small cap outperformed the benchmark to close higher by 152.51 points and 217.15 points at 9,339.49 and 11,884.99 respectively. Overall, the market breadth was strong as 2,139 stocks are closed higher while 750 stocks are closed lower.

BSE Metal index surged 574.48 points to close at 19,629.07. Scrips that advanced are Jindal Saw (12.35%), Nalco (11.54%), Jindal Steel (5.52%), Tata Steel (3.42%) and Hindalco (3.06%)

BSE Realty index closed higher by 358 points at 12,540.32. Pushed up by Ansal Infra (22.38%), HDIL (14.01%), Phoenix mill (12.04%), Purvankara (6.12%) and Omaxe (5.62%).

BSE Health Care index closed up by 111.74 points at 4,173.98. Scrips that gained are Glenmark (10.61%), Bilcare (7.87%), Nicholas Piramal (7.73%), Sun pharma (4.48%) and Lupin (3.05%).

BSE Oil & Gas index grew by 186.59 points to closed at 13,152.02. Pulled up by IOCL (6.63%), RNRL (5.99%), Essar oil (5.43%), Gail (4.75%), Cairn (3.32%) and ONGC (1.40%).

BSE Bankex index closed lower by 66.59 points at 11,712.12. Scrips that fell are ICICI bank (1.96%), IOB (1.62%), Yes bank (1.15%), Oriental bank (0.42%) and SBI (0.22%).

BSE IT index slipped by 78.86 points at 4,353.59. Scrips that fell are Satyam (2.39%), I-Flex (1.97%), NIIT (1.81%), Educomp solution (1.13%), Rolta (1.62%).

Mid Session Market

The market is trading flat. The selling in scrips is seen in the selective scrips mainly led by the Bank and IT stocks. However significant buying momentum continue in the Metal and realty stocks. The BSE Mid Cap and BSE Small Cap are in the lime light today, as heavy buying witnessed in these stocks only. As a result the overall market breadth remain extremely positive, as 2037 stocks are advancing while 753 stocks are declining and 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 104.63 points at 9,291.61 and the BSE small Cap advanced by 171.35 points to trade at 11,839.19.

At 12.32 pm, BSE Sensex was at 20,246.11 down by 44.78 points whereas Nifty was at 6,094.35 down by 2.90 points.

BSE Metal index surged 355.16 points to trade at 19,409.75. The major gainers are NALCO (2.72%), Tata Steel (2.03%), Hindalco Industries (2.01%) and Sterlite Industries (1.36%).

NALCO has planned to invest Rs30,000 Crore over the next five years for setting up a smelter and power plant in Indonesia to expand its overseas business..

BSE Oil & Gas index was trading 99.03 points higher at 13,064.47 as Cairn India (1.42%), GAIL (1.16%), BPCL (0.91%) and ONGC (0.81%) are trading in green.

BSE Health Care index grew by 72.72 points to trade at 4,134.96. Leading the gain are GSK Pharma (1.46%), Dr. Reddy (0.89%), Sun Pharma (0.79%) and Ranbaxy (0.74%).

BSE Auto index inclined 16.06 points to trade at 5,777.49. Leading to it are TVS Motor (2.75%), Apollo Tyre (2.29%), Amtek Auto (1.79%) and Hero Honda (0.60%).

BSE Capital goods index dropped 34.46 points to 20,265.29. The main losers are ABB (0.68%), Siemens (0.66%), L&T (0.51%) and BHEL (0.30%).

BSE Banks index slipped by 104.67 points to trade at 11,674.04. The major losers are HDFC Bank (2.13%), ICICI Bank (1.07%), SBI (0.57%) and PNB (0.30%).

BSE IT index down by 82.14 points to trade at 4,350.31 as Infosys (3.1%), Wipro (2.37%), Satyam (0.02%) and HCL Tech. (1.89%) are trading in negative territory.

Pre Session Market

The Market is likely to have negative opening, as the cues from global markets are not in favor. The market surged yesterday to hit new landmarks by creating a rally over the sectoral indices scrips on the back of heavy buying across the counters. Both the benchmark indices closed lifetime high with handsome gains. The investors showed more interest in buying rather than selling. On Tuesday, the BSE Sensex surged 360.21 points to close at 20,290.89 and NSE Nifty closed higher by 136.65 points to closed at 6,097.25. We expect the market to remain sideways during the trading session.

The much-awaited Federal Reserve decision on interest rate cut comes to an end as the US Federal Reserve cuts its benchmark interest rate by a quarter point to 4.25% but kept the doors opens for another rate cut if the credit squeeze and housing slump worsen. In line with this, the Central bank also cut the discount rate to 4.75% i.e by a quarter point.

On Tuesday, the US market closed in red. The DJIA closed lower by 294.26 points at 13,432.77. The S&P 500 index slipped by 38.31 points to close at 1,477.65 and NASDAQ fell 66.60 points to close at 2,652.35.

Indian ADRs ended in negative territory. In technology sector, Satyam fell (7.33%) along with Wipro by (5.18%), Infosys by (4.02%) and Patni computers by (3.77%). In banking sector, HDFC bank and ICICI bank slipped by (2.44%) and (1.99%) respectively. In telecommunication sector, VSNL dropped by (5.16%). Sterlite industries fell by (2.81%).

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 772.56 points at 28,454.28. Japan''s Nikkei is trading down by 294.85 points at 15,749.87. Taiwan Weighted is trading at 8,457.55 fell by 180.78 points. Seoul Composite is trading down by 28.01 points at 1,897.06. Singapore Strait Times slipped by 63.61 points at 3,525.42.

Today, Nifty has support at 5,962 and resistance at 6,139 and BSE Sensex has support at 19,928 and resistance at 20,396.

Tuesday, December 11, 2007

Post Session Market

The market surged today to hit new landmarks by creating a rally over the sectoral indices scrips on the back of heavy buying across the counters. The market opened on a strong supported by favoring global cues and keeps on marching forward through out the trading session. The investors showed more interest in buying rather than selling. The domestic market surged taking firm global cues ahead of the US Federal Reserve meeting to be held on Tuesday evening. Most buying is seen from Realty, Metal, Bankex and Oil & Gas baskets. The BSE Sensex closed with hand some gains of 360.21 points at 20,290.89 and NSE Nifty grew by 136.65 points to closed at 6,097.25. Both the BSE Mid cap and Small cap closed higher by 69.54 points and 136.92 points at 9,186.98 and 11,667.84 respectively. Overall, the market breadth was strong as 1,981 stocks are closed higher while 894 stocks are closed lower.

BSE Realty index surged 359.44 points to close at 12,182.32. Scrips that pushed it up Ansal Infra (17.51%), Unitech (8.48%), Omaxe (6.95%), HDIL (5.68%), Purvankara (5.01%).

BSE Metal index inched up by 352.75 points to close at 19,054.59. Scrips that advanced are Welspun Guj (8.31%), Nalco (5.75%), Maharas Sea (4.28%), Jindal Steel (3.75%) and SAIL (2.12%).

BSE Bankex index closed higher by 292.16 points to close at 11,778.71. Scrips that gained are IOB (4.93%), HDFC bank (4.81%), Canara bank (3.94%), ICICI bank (3.32%) and Union bank (3.37%).

BSE Oil & Gas index advanced by 225.44 points to closed at 12,965.44. Pulled up by HPCL (6.25%), GAIL (3.70%), ONGC (3.68%), BPCL (3.11%), IOCL (1.99%) and Reliance industries (1.99%).

BSE Capital goods closed up by 168.83 points at 20,299.75. Scrips that grew are Suzlon energy (2.74%), Punj Lloyd (2.47%), SKF India (1.12%), ABB (0.73%) and Siemens (0.63%).

BSE Auto index grew by 84.04 points to close at 5,761.43. Scrips that Jumped are Maruti Suzuki (3.17%), Bajaj auto (3%), Exide industries (2.27%), Hero Honda (2.05%) and MRF (1.99%).

Mid Session Market

The market has gained further grounds on the back of strong buying continued across the borad mainly led by the Metal, Capital Goods, Oil & Gas and Realty stocks. However, the IT stocks are still trailing under pressure. The NSE Nifty has touched a new life time high. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index today as significant buying also witnessed in these stocks. As a result the overall market breadth remain extremely positive, as 2240 stocks are advancing while 569 stocks are declining and 26 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 147.57 points at 9,265.01 and the BSE small Cap advanced by 208.14 points to trade at 11,739.06.

At 12.32 pm, BSE Sensex was at 20,205.01 up by 274.33 points whereas Nifty was at 6,065.55 up by 104.95 points.

BSE Metal index surged 491.44 points to trade at 19,193.28. The major gainers are NALCO (8.22%), SAIL (2.95%), Hindalco Industries (2.07%) and Sterlite Industries (1.58%).

BSE Oil & Gas index was trading 270.35 points higher at 13,010.35 as ONGC (3.94%), GAIL (2.40%), RPL (1.76%) and BPCL (0.47%) are trading in green.

BSE Capital goods index improved 230.09 points to 20,361.01. The main gainers are BHEL (1.38%), L&T (1.30%), ABB (0.75%) and Siemens (0.72%).

BSE Banks index improved by 184.22 points to trade at 11,670.77. The major gainers are PNB (2.30%), HDFC Bank (2.07%), ICICI Bank (1.89%) and SBI 1.28%).

BSE Power index inclined by 51.09 points to trade at 4,552.42 as Torent Power (3.17%), GMR Infrastructure (3.04%), GVK Power (1.24%), NTPC (1.16%) and Power Grid (0.50%) are trading higher.

BSE Auto index inclined 66.16 points to trade at 5,743.55. Leading to it are Maruti Suzuki (2.01%), Hero Honda (1.89%), Bajaj Auto (1.40%) and Mahindra & Mahindra (0.65%).

BSE IT index down by 29.92 points to trade at 4,403 as Infosys (1.57%), Tech Mahindra (0.89%), NIIT Techno (0.78%) and TCS (0.42%) are trading in positive territory.

Pre Session Market

The Market is likely to have positive opening as the global cues are in favor. The market closed with moderate losses on Friday as the investors avoid taking fresh positions ahead of the US Federal Reserve meeting that is to be held on Tuesday. The market opened marginally higher but pared all its gains as the profit booking prevails. On Monday, the BSE Sensex closed lower by 35.32 points at 19,930.68 and NSE Nifty fell 13.3 points to closed at 5,960.60. We expect the market to remain choppy and would look for cues to take a direction during the trading session.

On Monday, the US market closed in positive territory. The DJIA closed higher by 101.45 points at 13,727.03. The S&P 500 index grew by 11.30 points to close at 1,515.96 and NASDAQ closed up by 12.79 points to close at 2,718.95.

Indian ADRs ended in mixed. In technology sector, Patni computers grew by 3.45% along with Wipro by 3.17%,Infosys by 1.79% and Satyam by 0.89%. In banking sector, ICICI bank advanced by (0.93%). In telecommunication sector, MTNL and VSNL dropped by (1.19%) and (0.39%) respectively. Sterlite industries fell by (1.26%).

The major stock markets in Asia are trading firm. Hang Seng is trading higher by 327.55 points at 28,828.65. Japan''s Nikkei is trading up by 113.62 points at 16,038.01. Taiwan Weighted is trading at 8,619.31 up by 21.28 points. Seoul Composite is trading up by 8.98 points at 1,915.40. Singapore Strait Times inched up by 13.11 points at 3,566.19.

The FIIs stood as the net buyer on Monday both in equity as well as in Debt. The gross equity purchased was Rs4,752.30 Crore and the gross debt purchased was Rs987.50 Crore while the gross equity sold stood at Rs4,747.10 Crore and gross debt sold stood at Rs497.50 Crore. Therefore, the net investment of equity reported was Rs5.20 Crore and net debt was Rs490 Crore.

Today, Nifty has support at 5,908 and resistance at 6,039 and BSE Sensex has support at 19,773 and resistance at 20,278.

Monday, December 10, 2007

Post Session Market

The market closed marginally lower on the back of selling across the sectoral indices scrips. The market opened on a positive note but all of a sudden lost the grip as the profit booking prevails. The global cues are not in favor, which led the market to trade lower. The investors are talking calculated steps in booking their positions. The Realty and Bankex indices scrips remained in the limelight as most buying is seen from these baskets. Both the BSE Mid cap and Small cap outperformed the benchmark indices as they closed higher by 95.48 points and 188.65 points at 9,117.44 and 11,530.92 respectively. The BSE Sensex closed lower by 35.32 points at 19,930.68 and NSE Nifty fell 13.3 points to closed at 5,960.60. Overall, the market breadth was strong as 2,061 stocks are closed higher while 805 stocks are closed lower.

BSE Realty index surged 246.25 points to close at 11,822.88. Scrips that gained are Ansal Infra (7.05%), Omaxe (5.99%), Indiabull real (3.83%), Unitech (3.11%)

BSE Bankex index closed higher by 108.59 points to close at 11,486.55. Pushed up by Union bank (5.61%), Yes bank (5.47%), PNB (3.37%), and ICICI bank (2.10%).

BSE Capital goods closed lower by 87.96 points to close at 20,130.92. Scrips that fell are Areva (3.85%), Elcon engineering (2.97%), BHEL (2.40%), Alstom projects (1.51%) .

BSE Auto index grew by 26.09 points to close at 5,677.39. Scrips that gained are Ashok Leyland (5.38%), Bharat Forge (2.83%), Apollo tyres (2.27%), MRF (1.61%) and TVS motors (1.40%).

BSE Oil & Gas index closed with marginal gains of 4.67 points at 12,740. Pulled up by Gail India (5.92%), Indian Oil (4.47%), HPCL (3.24%), BPCL (1.14%) and RPL (0.93%).

BSE Metal index slipped by 36.24 points to close at 18,701.84. Scrips that dropped are Sterlite Industries (1.94%), Jindal Steel (1.91%), SAIL (1.11%) .

BSE IT index closed up by 8.35 points at 4,432.92. Pushed up by Aptech Ltd. (4.42%), Financial Technologies (3.24%), NIIT Techno (2.37%) and Infosys (1.76%).

Mid Session Market

The market is still trading lower on the back of heavy selling pressure continued across the borad mainly led by the Metal and Power stocks. However, the significant buying in the Bank and Realty stocks has kept the market in motion and range bound. The BSE Mid Cap and BSE Small Cap has outperformed the benchmark index today as most buying witnessed in these stocks only. As a result the overall market breadth remain positive, as 1959 stocks are advancing while 800 stocks are declining and 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 83.62 points at 9,105.58 and the BSE small Cap advanced by 163.91 points to trade at 11,506.18.

At 12.32 pm, BSE Sensex was at 19,925.37 down by 40.63 points whereas Nifty was at 5,945 down by 29 points.

BSE Banks index surged by 76.85 points to trade at 11,454.81. The major gainers are Union Bank (6.64%), Yes Bank (5.51%), Andhra Bank (3.07%) and Allahabad Bank (2.07%).

BSE Metal index slipped 115.75 points to trade at 18,622.33. The major losers are Sterlite Industries (1.55%), SAIL (1.46%), Jindal Steel (1.51%) and ISPAT (1%).

BSE Power index dropped by 47.02 points to trade at 4,480.61 as Areva (1.62%), NTPC (1.38%), CESC Ltd. (1.02%), Tata Power (1.19%) and Reliance Energy (1.25%) are trading lower.

BSE Oil & Gas index was trading 44.77 points lower at 12,690.86 as Reliace Natural Resources Ltd. (1.52%), RPL (0.93%), ONGC (0.79%) and Cairn (0.86%) are trading in red.

BSE Capital goods index dropped 31.39 points to 20,187.49. The main losers are BHEL (1.79%), Bharat Electrical (0.70%) and ABB (0.26%).

BSE IT index down by 3.49 points to trade at 4,421.08 as Tech. Mahindra (3.76%), TCS (1.79%), TCS (1.16%) and GTL Ltd. (1.97%) are trading in negative territory.

BSE Auto index declined 14.71 points to trade at 5,637.13. Leading to it are Tata Motors (2.22%), Mahindra & Mahindra (2.18%) and Hero Honda Motors (0.73%).

Pre Session Market

The Market is likely to have positive opening as the Asian market is trading mixed. The market closed higher on Friday after tumbling at the mid session. The market opened with hand some gains but pared pared most of its gains at higher levels after the mid session but buying at the lower levels towards the end of the session led the market to closed higher. On Friday, the BSE Sensex closed higher by 170.13 points at 19,966 and NSE Nifty closed up by 19.6 points at 5,974.30. We expect that the market to see remain range bound during the trading session.

On Friday, the US market closed in mixed territory. The DJIA closed with marginal gains of 5.69 points at 13,625.58. The S&P 500 index fell 2.68 points to close at 1,504.66 and NASDAQ slipped by 2.87 points to close at 2,706.16.

Indian ADRs ended in mixed territory. In technology sector, Infosys grew by (3.23%) along with Satyam by (1.15%), Patni computers by (0.85%) and Wipro by (0.46%). In banking sector, ICICI bank advanced by (1.16%) while HDFC bank slipped by (2.17%). In telecommunication sector, MTNL and VSNL fell (7.50%) and (1.93%) respectively.

The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 716.45 points at 28,842.47 while Japan''s Nikkei is trading higher by 82.29 points at 15,956.37. Taiwan Weighted is trading up by 27.97 points at 8,722.38. Seoul Composite is trading at 1,934.32 down by 18.85 points. Singapore Strait Times advanced by 5.40 points to trade at 3,557.95.

The FIIs stood as the net buyer on Friday both in equity and Debt. The gross equity purchased was Rs4, 943.20 Crore and the gross debt purchased was Rs1,187.60 Crore while the gross equity sold stood at Rs4,120.80 Crore and gross debt sold stood at Rs59.60 Crore. Therefore, the net investment of equity reported was Rs822.40 Crore and net debt was Rs1,128 Crore.

Today, Nifty has support at 5,887 and resistance at 6,039 and BSE Sensex has support at 19,627 and resistance at 20,193.

Friday, December 7, 2007

Mid Session Market

The market is still trading but has given up most of its early gains as selling emerged at higher level mainly led by the Oil & Gas, Metal and Capital Goods stocks. However the bank stocks are in heavy demand today. The selling also witnessed in the BSE Mid Cap and BSE Small Cap. As a result the overall market breadth remain positive, as 1603 stocks are advancing while 1182 stocks are declining and 35 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 9.80 points at 9,023.96 while the BSE small Cap advanced by 35.04 points to trade at 11,395.77.

At 12.32 pm, BSE Sensex was at 19,874.04 up by 78.17 points whereas Nifty was at 5,956.05 up by 1.35 points.

BSE Banks index surged by 119.43 points to trade at 11,227.71. The major gainers are SBI (1.34%), HDFC Bank (1.24%) and ICICI Bank (0.83%).

BSE IT index up by 68.56 points to trade at 4,335.71 as Infosys (3.06%), TCS (1.16%) and Satyam (0.23%) are trading in positive territory.

BSE Health Care index up by 26.18points to trade at 4,016.28. Leading the gain are Ranbaxy (1.51%), Sun Pharma (1.38%), Cipla (0.51%)

BSE Power index advanced by 0.54 points to trade at 4,560.64 as Tata Power (2.80%), CESC Ltd. (1.94%), Suzlon Energy (1.80%) and GVK Power (0.64%) are trading higher.

BSE Oil & Gas index was trading 121.71 points lower at 12,714.12 as GAIL (2.52%), HPCL (1.95%), ONGC (1.67%) and BPCL (1.42%) are trading in red.

BSE Capital goods index dropped 30.14 points to 20,347.10. The main losers are BHEL (0.72%), L&T (0.65%) and Siemens (0.26%).

BSE Metal index slipped 19.40 points to trade at 18,901.81. The major losers are Gujarat NRE (2.82%), Mharastra seamless (2.36%), SAIL (1.90%) and Tata Steel (1.33%).

Pre Session Market

The Market is likely to have positive opening on the back of favoring global cues. The market yesterday closed with marginal gains as the selling the selling towards the end intensified. On Thursday, the BSE Sensex closed up by 53.27 points at 19,791.34 and NSE Nifty closed higher by 14.7 points at 5,954.70. We expect that the market to see some bull run during the trading session. Also, releasing of weekly inflation data by the government today will again set the directions for the market.

The Bank of England cuts the interest rate by a quarter point to 5.5%, which was for the first time in two years. This cut was on the back of inflation concerns as the surging cost of credit threatens to derail growth.

On Thursday, the US market closed in green. The DJIA surged 174.93 points to close at 13,619.89. The S&P 500 index grew by 22.33 points to close at 1,507.34 and NASDAQ advanced by 42.67 points to close at 2,709.03.

Indian ADRs ended in positive territory. In technology sector, Patni computers grew by 2.63% along with Wipro by 2.31%, Satyam by 1.24% and Infosys 1%. In banking sector, ICICI bank and HDFC bank grew by (4.40%) and (1.52%) respectively. In telecommunication sector, MTNL and VSNL advanced by (5.26%) and (1.51%) respectively.

The major stock markets in Asia are trading firm. Hang Seng is trading higher by 272.95 points at 29,831.87. Japan''s Nikkei is trading up by 147.04 points at 16,021.12. Taiwan Weighted inched up by 58.60 points to trade at 8,753.01. Seoul Composite is trading at 1,941.06 up by 12.11 points.

The FIIs stood as the net buyer on Thursday . The gross equity purchased was Rs5, 515.50 Crore and the gross debt purchased was Rs533.70 Crore while the gross equity sold stood at Rs4, 434.20 Crore and gross debt sold stood at Rs45.10 Crore. Therefore, the net investment of equity was Rs1, 081.30 Crore and net debt was Rs488.60 Crore.

Today, Nifty has support at 5,905 and resistance at 6,031 and BSE Sensex has support at 19,616 and resistance at 20,189.

Thursday, December 6, 2007

Post Session Market

The market closed marginally higher after paring most of its initial gains. The market opened on a strong note but failed to sustain all its gains and fell to close with little gains on the back of heavy selling across the sectoral indices scrips. The market lost most of its grounds towards the end of the session as selling intensified. Most buying is seen from the Realty baskets. The BSE Sensex touched an intraday high of 20,064.31 and low of 19,716.57 during the trading session. The BSE Sensex closed higher by 53.27 points at 19,791.34 and NSE Nifty closed up by 14.7 points at 5,954.70. Overall, the market breadth was strong as 1805 stocks are closed higher while 1043 are closed lower. The BSE Small Cap grew by 71.89 points 11,343.85 while BSE Mid cap slipped by 24.17 points to close at 9,028.66.

BSE Realty index surged 318.08 points to close at 11,271.88. Scrips that jumped are Omaxe (12.20%), Unitech (9.82%), Penland (6.62%), Anantraj (2.33%), Sobha developers (2.12%).

BSE Bankex index grew by 87.68 points to close at 11,108.28 as Canara Bank (3.25%), ICICI Bank (3.24%), Oriental Bank (0.99%), SBI (0.55%) and Kotak Bank (0.18%) closed higher

BSE Capital goods dropped by 26.02 points to close at 20,377.24. Pushed it down by Kalpataru power (1.93%), AIA Engineering (1.58%), Areva (1.95%), BHEL (1.30%) and BEML (1.26%).

BSE Oil & Gas index closed down by 104.16 points at 12,835.83. Scrips that fell are Indian Oil (2.66%), BPCL (1.71%), ONGC (1.15%), HPCL (1.13%) and Essar Oil (0.98%).

BSE Metal closed lower by 123.01 points to close at 18,921.21. Scrips that dropped are Jindal Saw (5.25%), Hindalco Industries (3.11%), SAIL (2.85%), Tata Steel (2.10%), Bhusan Steel (1.89%) and Jindal Stain (1.51%).

BSE IT index closed up by 34.87 points at 4,266.90 as Tech Mahindra (4.24%), Rolta India (3.25%), Moser Baer (2.12%), Infosys (1.97%), Patni computers (1%) and I-Flex (0.69%) closed in green.

Mid Session Market

The market has maintained its opening rally and is still trading higher. All the BSE indices are trading in green. The heavy buying is seen in the Realty, Capital Goods and Metal stocks. The BSE Mid Cap and BSE Small Cap are aso trading in line with the benchmark index. As a result the overall market breadth remain positive, as 2037 stocks are advancing while 704 stocks are declining and 54 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 92.59 points at 9,145.42 and the BSE small Cap advanced by 206.83 points to trade at 11,478.79.

At 12.32 pm, BSE Sensex was at 19,932.30 up by 194.23 points whereas Nifty was at 6,008.80 up by 68.80 points.

BSE Capital goods index surged 268.77 points to 20,672.03. The main gainers are Siemens (2.90%), L&T (1.11%), ABB (1%) and BHEL (0.11%).

BSE Metal index improved 263.88 points to trade at 19,308.10. The major gainers are Sterlite Industries (4.87%), NALCO (1.86%) and Tata Steel (0.23%).Sterlite Industries''s subsidiary Sterlite Energy is in talks with private equity firms and financial investors to sell about 15% stake before a planned initial share offer.

BSE Oil & Gas index was trading 96.59 points higher at 13,036.58 as RPL (3.14%), ONGC (1.33%) and BSE Health Care index up by 82.25 points to trade at 4,032.98. Leading the gain are Cipla (5.26%), Ranbaxy (1.53%), GSK (1.44%) and Dr. Reddy (0.90%).

BSE Power index advanced by 86.03 points to trade at 4,627.72 as Crompton Greaves (3.54%), Suzlon Energy (3.38%), Reliance Energy (2.67%) and Torent Power (1.15%) are trading higher.

BSE Auto index inclined 68.88 points to trade at 5,760.69. Leading to it are Mahindra & Mahindra (3.23%), Hero Honda (0.57%) and Tata Motors (0.13%).

BSE IT index up by 56.02 points to trade at 4,288.05 as Infosys (2.24%), TCS (0.87%) and Satyam (0.46%) are trading in positive territory.

Pre Session Market

The Market is likely to have positive opening on the back of strong global cues. The market yesterday closed on a strong note as a result of selective buying across the sectoral indices scrips. However, the BSE Small cap outperformed the benchmark indices as most buying is seen from these baskets. On Wednesday, the BSE Sensex surged 208.57 points to close at 19,738.07 and NSE Nifty closed higher by 81.65 points at 5,940. We expect that the market to gain some grounds during the trading session.

On Wednesday, the US market closed in positive territory. The DJIA closed up by 196.23 points at 13,444.96. The S&P 500 index grew by 22.22 points to close at 1,485.01 and NASDAQ advanced by 46.53 points to close at 2,666.36.

Indian ADRs ended in positive territory. In technology sector, Infosys gained 2.80% along with Satyam by 2.69% , Patni computers by 2.40% and Wipro by 0.48%. In banking sector, HDFC bank and ICICI bank advanced by (4.46%) and (2.51%) respectively. In telecommunication sector, MTNL and VSNL grew by (6.15%) and (4.76%).

The major stock markets in Asia are trading firm. Hang Seng is trading up by 488.48 points at 29,833.93. Japan''s Nikkei is trading higher by 234.04 points at 15,842.92. Taiwan Weighted advanced by 80.18 points to trade at 8,757.13. Seoul Composite is trading at 1,959.23 up by 21.03 points. Singapore Strait Times inched up by 37.55 points to trade at 3,597.60.

The FIIs stood as the net buyer on Wednesday both in equity and Debt. The gross equity purchased was Rs3,974.10 Crore and the gross debt purchased was Rs369.50 Crore while the gross equity sold stood at Rs3,954.60 Crore and gross debt sold stood at Rs107.60 Crore. Therefore, the net investment of equity was Rs19.50 Crore and net debt was Rs262 Crore.

Today, Nifty has support at 5,892 and resistance at 6,028 and BSE Sensex has support at 19,586 and resistance at 20,019.

Wednesday, December 5, 2007

Post Session Market

The market closed on a firm note backed by selective buying across the sectoral heavyweight scrips. The market opened on a strong note but all of a sudden lost the momentum to pare some of its initial gains as the profit booking prevails. But the market manages to gain some grounds toward the end of the session as buying intensified. The BSE Small cap outperformed the benchmark indices by creating a rally for the past few days. Most buying is seen from the Bankex, Oil & Gas, Capital Goods and realty baskets. The BSE Sensex closed up by 208.57points at 19,738.07 and NSE Nifty closed higher by 81.65 points at 5,940. Overall, the market breadth was strong as 2,164 stocks are closed higher while 687 are closed lower. The BSE Mid cap and Small Cap surged 148.29 points and 315.45 points to close at 9,052.83 and 11,271.96 respectively.

BSE Bankex index grew by 223.51 points to close at 11,020.60 as Union bank 5.32%, Canara bank 5.21%, IOB 4.29%, SBI 2.85%, ICICI bank 1.86% and HDFC bank 1.61% closed higher

BSE Capital goods surged by 227.33 points to close at 20,403.26. Pushed up by Havell India (6.44%), Alstom Projects (4.69%), AIA Engineering (4.44%), L&T (1.90%) and SKF India (1.74%).

BSE Oil & Gas index closed up by 288.89 points at 12,939.99. Scrips that gained are GAIL India (9.56%), HPCL (6.54%), ONGC (4.29%), RNRL (3.75%) and RPL (2.01%).

BSE Metal Surged closed higher by 174.94 points to close at 19, 044.22. Scrips that gained are Ispat industries (24.75%), Jindal Saw (5.61%), Welspun Gujarat (5.19%), JSW steel (4.19%), Hindalco (2.81%) and Nalco (2.39%).

BSE Realty index advanced by 208.51 points to close at .10,953.80. Scrips that jumped are Indiabull real (10.05%), Ansal infra (2.92%), Parsvnath (2.01%), Unitech (1.39%), Purvankara (1.59%) and Anant Raj (1%).

BSE IT index fell marginally by 15.57 points to close at 4,232.03 as Karut Net (9.98%), GTL limited (1.72%), NIIT Tech (1.44%), Aptech Limited (0.96%) and Wipro (0.45%).

Mid Session Market

The market has slipped from the day''s high but is still trading higher on the sustained buying is seen in the selective index pivotal mainly led by the Oil & Gas, Capital Goods and Realty stocks. However, the IT stocks are out of favor today as heavy selling witnessed in these stocks. Further, the broader market has outperformed the benchmark index today. As a result the overall market breadth remain positive, as 1965 stocks are advancing while 746 stocks are declining and 43 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 115.19 points at 9,019.73 and the BSE small Cap advanced by 225.80 points to trade at 11,182.31.

At 12.32 pm, BSE Sensex was at 19,607.08 up by 77.58 points whereas Nifty was at 5,894.10 up by 35.75 points.

BSE Capital goods index surged 133.20 points to 20,309.13. The main gainers are BEML (2.56%), Siemens (1.07%), L&T (1.49%), ABB (0.23%).

BSE Oil & Gas index was trading 128.83 points higher at 12,779.93 as GAIL (5.47%), HPCL (4.81%), BPCL (3.10%) and ONGC (2.94%) are trading in green.

BSE Auto index inclined 38.75 points to trade at 5,677.83. Leading to it are Tata Motors (3.24%), Bajaj Auto (1.63%), Mahindra & Mahindra (0.90%) and Maruti Suzuki (0.58%).

BSE Health Care index up by 34.73 points to trade at 3,892.82. Leading the gain are GSK (2%), Dr. Reddy (1.22%), Ranbaxy (1.03%) and Sun Pharma (0.73%).

BSE Power index advanced by 11.09 points to trade at 4,519.41 as Power Grid (1.32%), NTPC (1.09%), Tata Power (0.56%) and Areva (0.35%) are trading higher.

BSE IT index down by 32.14 points to trade at 4,215.46 as HCL Tech. (1.28%), Wipro (1.20%), Infosys (0.80%) and Satyam (0.23%) are trading in negative territory.

BSE Metal index dropped 27.33 points to trade at 18,841.95. The major losers are Sterlite Industries (2.06%), Tata Steel (0.46%) and SAIL (0.35%).

BSE FMCG index declined 6.20 points to trade at 2,171.39 as Marico (1.30%), Tata Tea (1.25%), ITC (0.49%) and HUL (0.24%) are trading in red.