Post Session Market - Dec 26, 2008

The Indian market closed on a disappointing note tracking the more than expected inflation figures along with the sharp fall in advance tax payments by the Indian companies in the third quarter. Also, the statement by the officials of the ministry of finance that states that there is no scope for relaxing overseas borrowing rules as of now also does the spoil sport during the trading session. The advance tax payments by the Indian corporates fell by 22% to about Rs42, 600 crore during the December quarter over the same period last year. Apart from this, the weekly inflation figures fell to 6.61% for the week ended December 13, 2008 as against 6.84% reported previous week.

The domestic market continued its losing trend for the fourth consecutive trading session as the profit booking took a lead after a firm start. The domestic market had a gap up opening tracking the expectation of second stimulus package by the government to give a boost to the economy along with hopes of further rates cut by the Central banks as well as expectation of lower inflation that led the rally. However, the market didnot sustained at the higher level and took a sharp u-turn to pare all its handsome gains to close on the backfoot. The BSE Sensex closed below the 9,350 mark and NSE Nifty closed below 2,900 mark. From the sectoral front, the IT, Realty and Consumer Durables indices were the worst hit that closed with losses of more than 3% each.

Among the Sensex pack 25 stocks ended in red territory and 5 in green. The market breadth was negative as 1597 stocks closed in red while 866 stocks closed in green and 69 stocks remained unchanged in BSE.

The BSE Sensex closed lower by 239.80 points at 9,328.92 and NSE Nifty ended down by 59.6 points at 2,857.25. The BSE Mid Caps and Small Caps ended with losses of 38.92 points and 51.66 points at 3,106.68 and 3,548.54 respectively. The BSE Sensex touched intraday high of 9,706.38 and intraday low of 9,294.98.

Losers from the BSE Sensex pack are Reliance Infra down (6.10%) followed by DLF (5.97%), Infosys (5.33%), ICICI Bank (5.17%), M&M (4.65%), Hindalco (4.05%), JP Associates (3.98%).

Gainers from Sensex are Maruto Suzuki up (1.68%) along with Tata Power (0.50%), Satyam Comp (0.41%) and Ranbaxy Labs (0.30%).

The BSE IT index closed with losses of (3.92%) or 87.70 points at 2,149.44. Main losers are Rolta India (10.18%), Aptech (9.24%), Finance Tech (7.59%), Infosys (5.33%), Tech Mahindra (5.17%) and HCL Tech (2.91%).

The BSE Realty index tumbled (3.82%) or 87.36 points to close at 2,200.92 as DLF (5.97%), MahindraLife(4.88%), Parsvnath (3.16%), Omaxe (2.86%), Unitech (2.70%) and Ansal Infra (2.53%) closed in negative territory.

The BSE Consumer Durables index ended down by (3.58%) or 68.86 points at 1,852.91. Major losers are Titan Inds (4.47%), Videocon Inds (3.49%), Gitanjali GE (3.09%) and Blue Star (3.04%).

The Bankex index fell by (2.99%) or 160.42 points at 5,211.45. Pulled it down are ICICI Bank lower by (5.17%) along with Kotak Bank (3.89%), Karnataka Bank (3.34%), SBI (3.28%), Bank Of Baroda (2.10%), Bank Of India (2%) and Yes Bank (1.90%).

The Capital Goods index closed lower by (2.95%) or 200.77 points at 6,600.27. Losers are Punj Lloyd (6.24%), Walchand Inds (5.20%), Thermax (4.89%), Jyoti Structures (4.55%), BHEL (3.86%) and L&T (2.70%).

The Oil and Gas index dropped by (1.78%) or 107.29 points at 5,909.62. Scrips that fell are Aban Offshore (4.79%) followed by ONGC (3.96%), HPCL (3.63%), Essar Oil (2.93%), BPCL (2.70%) and Reliance Inds (2.35%) while RPL closed up by (6.34%).

Mid Session Market - Dec 26, 2008

The markets have now trading higher with a little bit of volatility as the investors keep an eye on the key inflation data. But suddenly the market loses some of its grounds after the inflation numbers were out. The inflation for week ended December 13 has come in at 6.61% as against 6.84% (WoW). Inflation for the week ended October 18 was revised to 10.82%. The significant is seen among the Realty, Metal, Banking, Oil & Gas and Capital Goods stocks.

Commerce Minister Kamal Nath after trading hours on Wednesday, 24 December 2008, said the government is considering another stimulus package to lift slowing growth, which may include steps to ease liquidity and relief measures for export and housing sectors.

The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,900 mark.

The overall market breadth is positive as 1271 stocks are advancing while 821 stocks are declining and the 80 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading mixed as the Shanghai Composite, Nikkei 225 and Straits Times index are trading higher by (0.26%), (1.63%) and (0.71%) respectively. However, the Seoul Composite index is trading lower by (0.94%).

Reliance Infra reported the top gainer from the BSE Sensex pack as it was trading higher by (3.44%) at Rs. 597.40 while Infosys Technologies the top loser down by (2.77%) at Rs.1,139.50.

The BSE Mid cap is higher by 36.86 points at 3,182.46 and the BSE small Cap advanced by 21.56 points to trade at 3,621.76.

At 12.35 pm, BSE Sensex was at 9,645.52 up by 76.80 points while the NSE Nifty was at 2,940.25 down by 23.40 points.

BSE Auto inclined by 24.28 points to 2,429.74. Leading to its gain are Tata Motors (2.72%), Maruti Suzuki (2.51%), Ashok Leyland (1.57%) and Bajaj Auto (0.28%).

BSE IT index declined by 25.69 points to trade at 2,211.45 as Infosys Technologies (2.45%), Tech Mahindra (2.23%), Wipro (1.46%) and Rolta Ind. (2.34%) are trading in negative.

BSE Metal index surged by 115.29 points to 5,206.61 as Jindal Steel (3.85%), JSW Steel (2.99%), Tata Steel (2.74%), SAIL (2.79%) and Hindalco Industries (1.68%) are trading in green.

BSE Bankex index is trading higher by 110.39 points at 5,482.26. Gainers are AXIS Bank (3.14%), HDFC Bank (2.62%), ICICI Bank (1.96%), PNB (1.24%) and SBI (1.15%).

BSE Oil & Gas index is trading 105.58 points higher at 6,122.49 as RPL (10.11%), RNRL (7.89%), Indian Oil (2.38%), Essar Oil (1.76%) and Reliance Industries (1.34%) are trading in positive.

BSE Capital goods index improved by 105.07 points to 6,906.11. The main gainers are Crompton Greaves (4.13%), Praj Industries (3.96%), BEML (3.10%), L&T (1.04%) and BHEL (0.18%).

BSE Power index is trading 25.01 points higher at 1,812.55. The main gainers are Suzlon Energy (3.26%), Reliance Power (2.21%), Torent Power (1.54%), Tata Power (0.57%) and GVK Power (0.47%).

BSE Realty index inclined by 59.18 points to 2,347.46. The major gainers are Ansal Infra (3.48%), Unitech (3.10%), Parsavnath (2.07%), HDIL (2.73%) and Parsavnath (2.07%).

Pre Session Market - Dec 26, 2008

Today, the markets are expected to open red following the Wednesday’s falling streak and mixed cues from Asian market. The benchmark indices may turn volatile as the inflation numbers may see further fall. The commerce minister has also assured some relief is on the way for export oriented companies.

On Wednesday, the markets continued southward journey in line with the other Asian markets. The markets were trading in negative zone on the concerns over the global economic outlook. The second stimulus package and a possible rate cut are over shadowed by the derivative settlement of the monthly contracts on Wednesday. The New Year may not begin in a good mood as investors expect this quarter to be one of the worst quarters in terms of results. Sensex and Nifty lost 1.22% and 1.24%. Realty, Metal, Oil & Gas, Capital Goods and Auto conceded lose of 4.91%, 1.87%, 1.46%, 0.98% and 2.38% respectively. However, the Indian benchmark indices are expected to continue with the green rally before the result session begins.

The BSE Sensex closed lower by 118.03 points at 9,568.72 and NSE Nifty ended low by 70.65 points at 2,968.65. The BSE Mid Caps and Small Caps ended with loss of 30.21 points and 38.98 points at 3,145.60 and 3,600.20 respectively. The BSE Sensex touched intraday high of 9,653.42 and intraday low of 9,502.53 .

On Wednesday, US stocks closed a truncated session up, with the key indices logging gains for the first time in three days after reports showed that consumer spending and orders for durable goods topped economists’ forecasts. Crude oil futures for the month of February delivery fell $3.63 to $35.35 per barrel on New York Mercantile Exchange. The crude futures slipped for the third consecutive day on the back of the energy department report that showed inventories hit a record. The EIA reported total U.S. crude-oil stockpiles, excluding those in the Strategic Petroleum Reserve, fell 3.1 million barrels to 318.2 million for the week ended Dec. 19.The Dow Jones Industrial Average (DJIA) closed up with 48.99 points at 8,468.48, NASDAQ index improved by 3.36 points at 1,524.90 and the S&P 500 (SPX) also closed higher by 4.99 points to close at 868.15 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.71% while Wipro lost by 2.67% whereas Satyam that surged by 3.81% and Patni Computers closing low by 0.18%. In banking sector ICICI Bank improved by 4.35%, HDFC Bank grew by 2,75%. In telecommunication sector, Tata Communication surged by 1,21%, while MTNL inclined by 4.11%.

Today the major stock markets in Asia opened Mixed. The Shanghai Composite is trading low by 5.31 at 1,847.10 Hang Seng is low by 36.65 points at 14,184.14 Further Japan''s Nikkei is higher by 71.48. points at 8,670.98 Tiwan weighted high by 24.82 points at 4,438.27 and Singapore’s Strait Times is up by 8.39 points at 1,745.38.

The FIIs on Wednesday stood as net sellers in equity and net buyer in debt. Gross equity purchased stood at Rs 645.80 Crore and gross debt purchased stood at Rs 154.00 Crore, while the gross equity sold stood at Rs 917.10 Crore and gross debt sold stood at Rs 135.40 Crore. Therefore, the net investment of equity and debt reported were Rs (271.40) Crore and Rs 18.60 Crore respectively.

On Wednesday Indian Rupee closed at 48.07/08 a dollar, recovering more than 2.00% as compared to Monday''s close of 48.78/81. After the three consicative fall in Indian rupee, it recovered by 70 paise. Exporters sold the dollar aggressively following its weakness against a basket of currencies, including the Japanese yen.

On BSE, total number of shares traded were 28.22 Crore and total turnover stood at Rs 3,189.50 Crore. On NSE, total number of shares traded were 67.76 Crore and total turnover was Rs 9,913.68 Crore.

Top traded volumes on NSE Nifty – Unitech with 89899711 shares, Satyam with 87155098 shares, Suzlon Energy with total volume traded 33461620 shares, Reliance Petro with 16013580 shares, followed by SAIL with 14523937 shares.On NSE Future and Options, total number of contracts traded in index futures was 935595 with a total turnover of Rs 13123.72 Crore. Along with this total number of contracts traded in stock futures were 1485481 with a total turnover of Rs 15900.86 Crore. Total numbers of contracts for index options were 1030137 with a total turnover of Rs 15490.17 Crore and total numbers of contracts for stock options were 71964 and notional turnover was Rs 840.83 Crore.

Today, Nifty would have a support at 2,872 and resistance at 2,961 and BSE Sensex has support at 9,429 and resistance at 9,719.

Mid Sesion Market - Dec 24, 2008

The markets have lost further grounds and are trading in deep red as selling continued among the selective scrips. There is a liitle bit of volatility as well ahead of settlement of December F&O series today. The Realty, Auto, IT, FMCG, Metal and power stocks are out of favor today. However some buying witnessed among the banking stocks.

The oil marketing companies share are trading higher after Government issued oil bonds worth Rs. 22,000 crore to 3 PSU OMCs like BPCL, HPCL and IOC.

The BSE Sensex is now trading below the 9,600 mark and the NSE Nifty trading below the 2,950 mark.

The overall market breadth is negative as 652 stocks are advancing while 1404 stocks are declining and the 80 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading lower as the Hang Seng, Shanghai Composite, Nikkei 225 and Seoul Composite index are trading lower by (0.26%), (1.87%), (2.37%) and (1.38%) respectively.

Wipro reported the top gainer from the BSE Sensex pack as it was trading higher by (3.36%) at Rs. 251 while Satyam Computer the top loser down by (15.42%) at Rs.118.75.

The BSE Mid cap is lower by 33.18 points at 3,142.63 and the BSE small Cap slipped by 44.14 points to trade at 3,595.04.

At 12.35 pm, BSE Sensex was at 9,595.20 down by 91.55 points while the NSE Nifty was at 2,940 down by 28.65 points.

BSE Auto declined by 33.64 points to 2,430.37. Leading to its loss are Tata Motors (5.63%), Maruti Suzuki (2.70%), Ashok Leyland (2.69%) and Bajaj Auto (1.88%).

BSE IT index declined by 28.15 points to trade at 2,251.40 as Satyam Computer (15.21%), Mphasis (3.31%), Tech Mahindra (3.21%) and HCL Technologies (2.84%) are trading in negative.

BSE Metal index dropped by 64.42 points to 5,124 as Tata Steel (3.70%), SAIL (3.47%), Ispat Industries (3.38%), Jindal Saw (2.42%) and JSW Steel (2.26%) are trading in red.

BSE Bankex index is trading higher by 16.17 points at 5,301.26. Gainers are ICICI Bank (1.30%), Bank of Baroda (2.69%), Kotak Bank (1.01%), SBI (0.99%) and PNB (0.27%).

BSE Oil & Gas index is trading 62.77 points lower at 6,043.57 as RPL (4.39%), Essar Oil (3.06%), RNRL (1.98%), Reliance Industries (1.43%) and ONGC (0.91%) are trading in negative.

BSE Capital goods index slipped by 33.72 points to 6,834.31. The main losers are AIA Engineering (5.94%), Siemens (2.24%), ABB (2.80%), Gammon India (1.92%) and Praj Industries (1.73%).

BSE Power index is trading 22.53 points lower at 1,792.46. The main losers are GVK Power (6.18%), Power Grid (2.50%), NTPC (2.15%), Reliance Power (2.09%) and Torent Power (2.05%).

BSE Realty index declined by 125.13 points to 2,281.25. The major losers are Unitech (13%), Ansal Infra (5.49%), Omaxe Ltd. (4.58%), Parsavnath (3.99%) and DLF (3.91%).

Pre Session Market - Dec 24, 2008

Today the markets are expected to open in red as most of the global markets seen battered. However, they look on the recovery mood as they are off from their day’s low and investors will also keep close eye on the inflation data and expect a better rollover in the derivatives market. Going ahead, the two day fall may daunt the investors over a possible pull back rally and continue to remain choppy over the day. On the other end, the muted festive session in various markets across the globe may hurt the corporate sales and their upcoming results.

On Tuesday, the markets continued southword journey in line with the other Asian markets. The markets were trading in negative zone on the concerns over the global economic outlook. The second stimulus package and a possible rate cut are over shadowed by the derivative settlement of the monthly contracts on Wednesday. The New Year may not begin in a good mood as investors expect this quarter to be one of the worst quarters in terms of results. Sensex and Nifty lost 1.69% and 1.24%. Oil & Gas, Bankex, Metal, Capital Goods and Auto conceded lose of 3.02%, 2.48%, 1.52%, 0.99% and 1.36% respectively. The market is expected to remain volatile during the trading session due to the expiry of derivatives contract today as well the long holiday weekend.

The BSE Sensex closed lower by 241.60 points at 9,686.75 and NSE Nifty ended low by 70.65 points at 2,968.65. The BSE Mid Caps and Small Caps ended with loss of 83.98 points and 95.77 points at 3,175.81 and 3,639.18 respectively. The BSE Sensex touched intraday high of 9,838.38 and intraday low of 9,643.56.

On Tuesday, the US markets closed in red. The Wall Street was down again as the festive session looks muted over the sectors. In addition, the deterioration in the hosing market and the broader economy continued to hurt the sentiments of investor. On the other end, the positive cues in the market are quite and there is no reason to the upbeat. Crude oil futures for the month of February delivery fell $0.93 to $38.89 per barrel on New York Mercantile Exchange. The crude futures ended below the $40 per barrel mark as depressing economic news increased worries over weaker energy demand.

The Dow Jones Industrial Average (DJIA) closed low with 100.28 points at 8,419.49, NASDAQ index plunged by 10.81 points at 1,521.54 and the S&P 500 (SPX) also closed lower by 8.47 points to close at 863.16 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 1.08% and Wipro also gained by 1.98% whereas Satyam that dropped by 11.02% and Patni Computers closing low by 1.44%. In banking sector ICICI Bank plummeted by 6.52%, HDFC Bank fell by 4.90%. In telecommunication sector, Tata Communication surged by 3.18%, while MTNL declined by 10.03%.

Today the major stock markets in Asia opened weak. The Shanghai Composite is trading low by 11.71 at 1,885.52 Hang Seng is low by 5.24 points at 14,215.00 Further Japan''s Nikkei is lower by 216.26. points at 8,509.07 Tiwan weighted low by 4.34 points at 4,401.99 and Singapore’s Strait Times is up by 19.93 points at 1,742.72.

The FIIs on Tuesday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 943.10 Crore and gross debt purchased stood at Rs 602.10 Crore, while the gross equity sold stood at Rs 1,167.10 Crore and gross debt sold stood at Rs 935.20 Crore. Therefore, the net investment of equity and debt reported were Rs (224.00) Crore and Rs (333.20) Crore respectively.

On Tuesday Indian Rupee closed at 48.78/81 a dollar, about 1.6% weaker than Monday''s close of 48.01/03. The fall in the rupee is primarily attributed by the foreign fund withdrawals and month-end dollar demand from importers applied downward pressure.

On BSE, total number of shares traded were 29.08 Crore and total turnover stood at Rs 3,378.03 Crore. On NSE, total number of shares traded were 63.43 Crore and total turnover was Rs 9,026.22 Crore.

Top traded volumes on NSE Nifty – Unitech with 97313919 shares, Suzlon Energy with total volume traded 41292198 shares, Satyam with 30885339 shares, DLF with 16160208 shares, followed by SAIL with 12922112 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1149524 with a total turnover of Rs 16306.32 Crore. Along with this total number of contracts traded in stock futures were 1496490 with a total turnover of Rs 15769.31 Crore. Total numbers of contracts for index options were 1210733 with a total turnover of Rs 18374.99 Crore and total numbers of contracts for stock options were 63674 and notional turnover was Rs 681.86 Crore.

Today, Nifty would have a support at 2,889 and resistance at 3,020 and BSE Sensex has support at 9,470 and resistance at 9,830.

Post Session Market - Dec 23, 2008

The Indian market ended lower as investors booked profits over the counters due to lack of positive cues on subdued global markets. Bears tightened their grip as Asian stock markets retreated for a third straight session. European markets opened positive but overlooked by the domestic traders. December 2008 derivatives contracts due to be expire on Wednesday, 24 December 2008, also contributed to the uneasiness.

The Indian market extended its yesterday’s losses and opened lower tracking negative cues from the markets all over the world. Further benchmark indices continued to trade in negative as strong selling pressure prolonged across the board on the back of deepening worries about the global economic outlook. Stocks slipped sharply lower during final trading and posted its biggest drop in more than two weeks to conclude the day in red led by banks and engineering companies on concern that corporate earnings may be hurt by slowing economic growth. BSE Sensex ended below 9,700 mark and NSE Nifty below 3,000 level. From the sectoral front, Investors off-loaded positions across the sectors and most of the selling was observed in Consumer Durables, Reality, Bank, Capital Goods, Metal, Auto and IT stocks. Midcap and Smallcap stocks also remained out of favor.

Among the Sensex pack 29 stocks ended in red territory and 1 in green. The market breadth was negative as 1752 stocks closed in red while 725 stocks closed in green and 82 stocks remained unchanged in BSE.

The BSE Sensex closed lower by 241.60 points at 9,686.75 and NSE Nifty ended down by 70.65 points at 2,968.65. The BSE Mid Caps and Small Caps ended with losses of 83.98 points and 95.77 points at 3,175.81 and 3,639.18 respectively. The BSE Sensex touched intraday high of 9,838.38 and intraday low of 9,643.56.

Losers from the BSE Sensex pack are Satyam Computer (13.55%), JP Associates (10.18%), Tata Motos (7.04%), Sterlite In (6.00%), Mahindra & Mahindra Ltd (5.33%), L&T Ltd (4.89%), DLF Ltd (4.40%), ICICI Bank (4.32%), Hindalco (4.10%) and HDFC Bank (3.92%).

Only gainer from the BSE Sensex pack is Reliance Com Ltd (1.24%).

The BSE Consumer Durable index tumbled (5.81%) or 119.58 points to close at 1,137.87 as Titan Ind (7.68%), Videocon Ind (5.53%), Rajesh Export (4.41%), Blue Star L (3.29%) and Gitabjale GE (2.32%) ended in negative territory.

The BSE Reality index ended lower by (4.84%) or 122.26 points at 2,406.38. Main losers are Unitech Ltd (7.54%), Ansal Infra (7.16%), Housing Dev (6.82%), Orbit Co (5.68%), Parsvnath (4.80%) and DLF Ltd (4.40%).

The BSE Bank index ended down by (3.76%) or 206.69 points at 5,285.09. Major losers are Yes Bank (8.11%), Axis Bank (7.07%), Indian Overseas Bank (6.70%), Kotak Bank (6.70%) and Bank of Baroda (5.78%).

The BSE Capital Goods index ended lower by (3.61%) or 257 points at 6,868.03. Major losers are Usha Martin (7.86%), Alstom Proje (6.57%), Suzlon Energy (5.79%), Jyoti Struct (4.96%), L&T Ltd (4.89%) and Punj Lloyd (4.54%).

The BSE Metal index lost (3.07%) or 164.06 points to close at 5,188.42 as Jai Corp Ltd (8.62%), Sterlite In (6.00%), Steel Authority (5.76%), Hindalco (4.10%), Guajrat NRE C (4.29%) and Hindalco (4.10%) ended in red.

Mid Session Market - Dec 23, 2008

The markets are now trading in deep red as strong selling pressure continued across the board. The sell off continues among the Banking, Consumer Durables, Metal, Capital Goods, Realty and Auto stocks. The Oil exploration firms stocks are trading under pressure after crude slipped below $40 a barrel mark amid signs the global economic downturn is further drying up fuel demand.

The BSE Sensex is now trading below the 9,700 mark and the NSE Nifty trading below the 3,000 mark.

The overall market breadth is negative as 609 stocks are advancing while 1501 stocks are declining and the 55 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading lower as the Hang Seng, Shanghai Composite, Straits Times and Seoul Composite index are trading lower by (3.08%), (2.79%), (1.10%) and (2.99%) respectively. However, the Japanese markets were closed for the Emperor''s Birthday holiday.

ACC reported the top gainer from the BSE Sensex pack as it was trading higher by (0.79%) at Rs. 491.75 while Jai Prakash Associate the top loser down by (9.15%) at Rs.79.40.

The BSE Mid cap is lower by 68.33 points at 3,191.46 and the BSE small Cap slipped by 76.94 points to trade at 3,658.01.

At 12.35 pm, BSE Sensex was at 9,694.83 down by 233.52 points and the NSE Nifty was at 2,970.60 down by 68.70 points.

BSE Auto declined by 51.91 points to 2,474.79. Leading to its loss are Tata Motors (5.90%), Mahindra & Mahindra (3.38%), Maruti Suzuki (3.33%) and Ashok Leyland (2.31%).

BSE IT index declined by 37.40 points to trade at 2,297.34 as HCL Technologies (6.64%), Satyam Computer (5.48%), TCS (1.77%) and Tech Mahindra (1.73%) are trading in negative.

BSE Metal index dropped by 120.51 points to 5,231.97 as Sterlite Industries (4.26%), Jindal Steel (3.79%), SAIL (3.34%), Tata Steel (3.44%) and Ispat Industries (3.01%) are trading in red.

BSE Bankex index is trading lower by 138.46 points at 5,353.32. Losers are Axis Bank (5.13%), IDBI Bank (4.80%), Kotak Bank (4.44%), PNB (3.81%) and ICICI Bank (3.15%).

BSE Oil & Gas index is trading 97.57 points lower at 6,151.63 as Gail India (3.36%), HPCL (3.04%), ONGC (2.85%), RPL (2.20%) and Reliance Industries (1.91%) are trading in negative.

BSE Capital goods index slipped by 195.87 points to 6,929.16. The main losers are Praj Industries (4.92%), L&T (4.19%), Punj Lloyd (3.21%) and BHEL (1.76%).

BSE Power index is trading 26.40 points lower at 1,823.32. The main losers are Suzlon Energy (3.80%), GVK Power (2.84%), Tata Power (1.85%), Torent Power (1.80%) and NTPC (1.35%).

BSE Realty index declined by 58.89 points to 2,469.75. The major losers are Ansal Infra (4.96%), HDIL (3.97%), India Bull Real (3.65%), Omaxe Ltd. (3.22%) and Mahindra Life (3.16%).

Pre Session Market - Dec 23, 2008

Today the markets are expected to open up in red due to negative trading of Asian markets. And the investors will closely keep a close eye on the rollover in the derivatives market. However, for the day the market will trade in negative zone and track the behavior in the Asian and European market.

On Monday, the markets opened on a flat note and continued to trade volatile with a negative bias and ended the day in deep red. The hopes for a possible stimulus package and rate cut are getting extended day by day, which resorted in profit booking in index heavyweight. As there was not much to talk about domestic cues, the benchmark indices reacted to the behavior of the Asian Markets. In line with the Asian Markets the downtrend was followed by the European markets, which ended the session in red. The Sensex breached the sensitive mark of 10,000 and closed in a four-digit mark. Sensex and Nifty lost 1.69% and 1.24%. Oil & Gas, Bankex, Metal, Capital Goods and Auto conceded lose of 3.02%, 2.48%, 1.52%, 0.99% and 1.36% respectively. The market is likely to turn volatility with negative bias. Also, as Thursday being holiday on the occasion of Christmas most data like Derivatives expiry and Inflation are expected to come out a day early

The BSE Sensex closed lower by 171.56 points at 9,928.35 and NSE Nifty ended low by 38.20 points at 3,039.30. The BSE Mid Caps and Small Caps ended with loss of 4.20 points and 9.07 points at 3,259.79 and 3,734.95 respectively. The BSE Sensex touched intraday high of 10,173.34 and intraday low of 9,894.01.

On Monday, the US markets closed in weak note. The investors are worried over the impact of recession on the corporate profits on more evidence the year-long recession will keep eating into corporate profits, while retailers tumbled on worry the holiday shopping season could be the worst in nearly 40 years. Crude oil for February delivery fell 1.5 percent to $39.31 barrel in New York after plunging 5.8 percent yesterday

The Dow Jones Industrial Average (DJIA) closed low with 59.42 points at 8,519.69, whereas NASDAQ index dropped by 31.97 points at 1532.35 and the S&P 500 (SPX) also closed lower by 16.25 points to close at 871.63 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 2.03% and Satyam that gained by 5.49% whereas Wipro lost by 3.58% and Patni Computers closing low by 2.11%. In banking sector ICICI Bank plunged by 3.80%, HDFC Bank fell by 4.02%. In telecommunication sector, Tata Communication plunged by 3.40%, while MTNL inclined by 8.91%.

Today the major stock markets in Asia opened weak. The Shanghai Composite is trading low by 67.77 points at 1,919.98 Hang Seng is low by 374.60 points at 14,247.79. Further Japan''s Nikkei is closed on the occasion of Emperor’s Birthday. Tiwan weighted low by 163.69 points at 4,371.85 and Singapore’s Strait Times is down by 8.55 points at 1,737.08. The Asian Markets are trading low as there are no positive cues flowing in the market and even if there are any then they are not enough to curtail the downtrend. Today China came out with a rate cut, but the reaction in the Chinese market is negative and the same could shadow on the rest of the market.

The FIIs on Monday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 2,243.30 Crore and gross debt purchased stood at Rs 174.30 Crore, while the gross equity sold stood at Rs 1,780.40 Crore and gross debt sold stood at Rs 61.50 Crore. Therefore, the net investment of equity and debt reported were Rs 462.90 Crore and Rs 112.70 Crore respectively.

On Monday Indian Rupee closed at 48.01/03 a dollar, about 1.6% weaker than Friday''s close of 47.26/27. Negative stocks and positive offshore dollar/rupee and some corporate (dollar) buying between 47.30-47.50 have pulled the rupee lower.

On BSE, total number of shares traded were 34.63 Crore and total turnover stood at Rs 3,861.10 Crore. On NSE, total number of shares traded were 72.15 Crore and total turnover was Rs 10,149.04 Crore.

Top traded volumes on NSE Nifty – Unitech with 102398902 shares, Suzlon Energy with total volume traded 5253028867 shares, Reliance Petro with 21061405 shares, DLF with 18832155 shares, followed by SAIL with 10024713 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1038615 with a total turnover of Rs 15088.39 Crore. Along with this total number of contracts traded in stock futures were 1436665 with a total turnover of Rs 15905.39 Crore. Total numbers of contracts for index options were 1013251 with a total turnover of Rs 15661.70 Crore and total numbers of contracts for stock options were 61334 and notional turnover was Rs 665.61 Crore.

Today, Nifty would have a support at 2,900 and resistance at 3,170 and BSE Sensex has support at 9,725 and resistance at 10,200.

Post Session Market - Dec 22, 2008

The domestic market slithered during final hours to close in negative territory due to sustained selling on key stocks led by weak European markets. Investors’ were also cautious ahead of the expiry of the near month derivatives contracts. The December 2008 derivatives contracts will expire on Wednesday, 24 December 2008, as the markets are closed on Thursday, 25 December 2008, for Christmas. Market was volatile since initial bell though recovered for a while on expectation of interest rate cuts by the RBI along with the expectation of second stimulus package by the government Also, State Bank of India on Dec 21 reduced its prime lending rate by 0.75% and deposit rates by 0.25-1% from January 1. State Bank''s PLR now stands at 12.25 per cent.

The Indian market opened marginally higher but soon turned volatile. Further stocks gathered some momentum on hopes of rate cut and stimulus package. Besides, the US auto bailout package that was announced by the government for the nation''s biggest carmakers and computer-memory chip manufacturers also added to the sentiments. However, market was not able to hold the impetus and slipped further on account of heavy selling pressure seen in frontliners. BSE Sensex ended below 10,000 mark and NSE Nifty below 3,050 level. From the sectoral front, Investors off-loaded positions across most of the sectors and Oil & Gas, Bank, Capital Goods, Pharma and Power stocks contributed to the weakness. Midcap and Small cap stocks also slipped into red. However, Consumer Durables, FMGC, PSU and Reality stocks witnessed majority of the buying from these baskets.

Among the Sensex pack 23 stocks ended in red territory and 7 in green. The market breadth was almost flat as 1276 stocks closed in green while 1258 stocks closed in red and 82 stocks remained unchanged in BSE.

The BSE Sensex closed lower by 171.56 points at 9,928.35 and NSE Nifty ended down by 38.20 points at 3,039.30. The BSE Mid Caps and Small Caps ended with losses of 4.20 points and 9.07 points at 3,259.79 and 3,734.95 respectively. The BSE Sensex touched intraday high of 10,173.34 and intraday low of 9,894.01.

Losers from the BSE Sensex pack are ICICI Bank (5.49%), Reliance (4.78%), M&M Ltd (4.55%), Maruti Suzuki (3.79%), HDFC Bank (3.01%), (1.72%), Reliance Infra (2.85%), BHEL (2.44%), JP Associates (2.02%), HDFC (1.78%) and ACC Ltd (1.69%).

Gainers from the BSE Sensex pack are Tata Motors (4.91%), DLF Ltd (2.73%), Ranbaxy Lab (2.05%), ITC Ltd (0.87%), Tata Power (0.52%), Grasim Indus (0.35%) and ONGC Ltd (0.13 %).

The BSE Oil & Gas index ended lower by (3.02%) or 194.61 points at 6,249.20. Major losers are BPCL (4.87%), Reliance (4.78%), Cairn Ind (4.71%), IOC Ltd (3.87%), Aban Offshore (3.67%) and Reliance Natural Resources (2.61%).

The BSE Bank index ended down by (2.48%) or 139.44 points at 5,491.78. Major losers are ICICI Bank (5.49%), Kotak Bank (4.82%), HDFC Bank (3.01%), Union Bank (2.17%), IDBI Bank (1.79%) and Axis (1.62%).

The BSE Metal index lost (1.52%) or 82.37 points to close at 5,352.48 as Jai Corp Ltd (6.71%), Welspan Gujarat SR (4.49%), Jindal Steel (4.29%), Steel Authority (3.40%), NMDC Ltd (2.60%) and Guajrat NRE C (2.01%) ended in red.

The BSE Auto index dropped by (1.36%) or 34.93 points to close at 2,526.70. Losers are Ashok Leyland (6.38%), M&M Ltd (4.55%), Maruti Suzuki (3.79%), Exide Indus (2.40%), Herohonda Motors (2.32%) and Amtek Auto (2.13%).

The BSE Consumer Durable index surged (2.94%) or 58.69 points to close at 2,057.45 as Videocon Ind (5.85%),Blue Star L (3.40%), Rajesh Export (3.03%) and Titan Ind (2.57%) ended in positive territory.

The BSE FMCG index ended higher by (0.19%) or 3.99 points at 2,058.53. Main Gainers are Godrej Cons (5.69%), Tata Tea (4.22%), Ruchi Soya (2.31%), United Brew (2.17%), Godrej Palm (1.80%) and Nestle Ltd (1.41%).

Mid Session Market - Dec 22, 2008

The markets are trading in a see saw range as volatility grips the markets. The BSE Mid Cap and the Small Cap index have outperformed the benchmark index today and are however trading with a gain of around 1% each. The significant buying is seen among the Realty, Consumer Durables, Metal, Auto and Capital Goods stocks. However the Pharma and FMCG stocks are feeling the selling pressure.

There will be a little bit of volatility in the near term ahead of F&O expiry on Wednesday (a day earlier due to Christmas holiday on Thursday).

India''s largest commercial bank SBI on Saturday, 20 December 2008, has slashed its lending rate by 75 basis points, with effect from 1 January 2009. The bank also cut its deposit rates by 25 to 100 basis points across maturities.

The BSE Sensex is now trading above the 10,100 mark and the NSE Nifty trading above the 3,050 mark.

The overall market breadth is positive as 1384 stocks are advancing while 782 stocks are declining and the 74 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Nikkei 225 index is trading higher by (1.57%). However, the Hang Seng, Shanghai Composite, Straits Times and Seoul Composite index are trading lower by (1.68%), (1.43%), (0.82%) and (0.12%) respectively. The Asian stocks were mixed after Japan slashed interest rates to almost zero as central banks around the world are taking steps to downpour the markets with cheap money to support a troubled global economy. The Bank of Japan lowered its key rate from 0.3 percent to 0.1 percent.

However, Japan''s Nikkei 225 average rose after the government unveiled a $54 billion stimulus package for the economy.

Tata Motors reported the top gainer from the BSE Sensex pack as it was trading higher by (4.49%) at Rs. 187.35 while HDFC the top loser down by (3.01%) at Rs.1,475.

The BSE Mid cap is higher by 45.08 points at 3,309.07 and the BSE small Cap advanced by 34.87 points to trade at 3,778.89.

At 12.35 pm, BSE Sensex was at 10,104.96 up by 5.05 points while the NSE Nifty was at 3,086.45 up by 8.95 points.

BSE Auto inclined by 7.59 points to 2,569.22. Leading to its gain are Tata Motors (4.02%), Bajaj Auto (0.89%) and Mahindra & Mahindra (0.25%). However, Hero Honda (1.59%), Ashok Leyland (1.02%) and Maruti Suzuki (0.55%) are trading lower.

BSE IT index declined marginally by 0.94 points to trade at 2,346.03 as HCL Technologies (4.70%), Wipro (0.48%) and TCS (0.43%) are trading in negative. While Tech Mahindra (3.24%), Mphasis (2.99%) and Satyam Computer (1.97%) are trading in positive.

BSE Metal index advanced by 46.43 points to 5,481.28 as JSW Steel (4.25%), Sesa Goa (3.50%), Ispat Industries (2.83%), Tata Steel (1.38%) and NALCO (1.91%) are trading in green.

BSE Bankex index is trading lower by 13.42 points at 5,617.80. Losers are ICICI Bank (2.64%), Kotak Bank (1.57%) and HDFC Bank (0.42%). However, the gainers are PNB (1.77%), IDBI Bank (1%) and SBI (0.96%).

BSE Oil & Gas index is trading 17.71 points lower at 6,426.10 as BPCL (4.97%), HPCL (3.89%), Indian Oil (2.87%) and Reliance Industries (0.91%) are trading in negative.

BSE Capital goods index advanced by 22.70 points to 7,218.98. The main gainers are Gammon India (7.05%), L&T (1.02%), Punj Lloyd (1.95%) and Praj Industries (1.01%).

BSE Power index is trading 5.58 points lower at 1,858.09. The main losers are Crompton Greaves (1.17%), NTPC (0.74%) and Power Grid (0.60%). However, Suzlon Energy (3.95%), GVK Power (3.46%) and Torent Power (1.20%) are the main ganers.

BSE Realty index surged by 76.82 points to 2,602.16. The major gainers are Unitech (9.49%), Parsavnath (4.39%), DLF (4.38%), Sobha Developers (2.99%), Ansal Infra (2.24%).

Pre Session Market - Dec 22, 2008

Today the markets are expected to open up marginally in green and may turn into northward volatility. The fingers are crossed over the second stimulus package and also for the cut in the interest rates. The benchmark indices are also expected to discount the mixed cues from the Asian markets. However, the downbeat factor over the week was the volatility, which indicates that there is some fear still exits in the market. Sequentially, the reaction over the bailout package to the Auto makers on Friday was muted indicating for more economic policy.

On Friday, the market was volatile for the day and ended on a marginal gain. A series of positive news flow over the week has propelled the sentiments of the investors. The BSE sensex managed to end the week above five-digit mark. One good thing that the policymakers have been able to do is by asking the banks to start lending again and restore confidence. On the other end, the falling inflation number and expectation of second stimulus package has acted as confidence booster in the market. Sensex and Nifty gained 0.23% and 0.54%. Realty, Capital Goods, Healthcare and Auto conceded gains of 10.57%, 0.79%, 1.55% and 1.79% respectively.

The BSE Sensex closed higher by 23.48 points at 10,099.91 and NSE Nifty ended high by 16.75 points at 3,077.50. The BSE Mid Caps and Small Caps ended with gain of 59.43 points and 32.07 points at 3,263.99 and 3,744.02 respectively. The BSE Sensex touched intraday high of 10,188.54 and intraday low of 9,987.42.

On Friday, the US markets closed in mix. US President George W Bush bailed out US automakers on Friday with $17.4 billion in emergency loans. However, the santa touch is being felt on the Wall Street and optimism over efforts to fight the year long recession may prompt a year end rally. There are good bargains out there and there is a fair amount of buying in the marketplace. Crude oil futures for the month of January delivery that expired Friday fell $2.35 to $33.87 per barrel on New York Mercantile Exchange. The crude futures have touched an intraday of $32.40 per barrel in the electronic trading, the lowest level for a front-month contract since at least April 2004 after inventories rose to 19-month highs and the investor''s rush to invest in the next month''s contract. However, the oil for February delivery rose 69 cents to end at $42.36 a barrel on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed low with 26 points at 8,579, whereas NASDAQ index managed to gain 12 points at 1,564 and the S&P 500 (SPX) also closed higher by 3 points to close at 889 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.31% and Wipro also gained by 2.70% whereas Satyam that dropped by 4.74% and Patni Computers closing low by 2.41%. In banking sector ICICI Bank surged by 1.30%, HDFC Bank fell by 1.69%. In telecommunication sector, Tata Communication plunged by 5.33%, while MTNL declined by 0.29%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 36.28 at 1,982.17 Hang Seng is low by 150.30 points at 14,977.21. Further Japan''s Nikkei is higher by 118.58 points at 8,707.10. Tiwan weighted low by 46.62 points at 4,647.90 and Singapore’s Strait Times is up by 6.45 points at 1,801.92.

The FIIs on Friday stood as net sellers in equity and as net buyer in debt. Gross equity purchased stood at Rs 2,139.90 Crore and gross debt purchased stood at Rs 776.50 Crore, while the gross equity sold stood at Rs 2,194.10 Crore and gross debt sold stood at Rs 163.90 Crore. Therefore, the net investment of equity and debt reported were Rs (54.20) Crore and Rs 612.50 Crore respectively.

On Friday Indian Rupee closed at 47.26/27 a dollar, about 0.6% weaker than Thursday''s close of 46.95/96. The euro''s fall against the dollar raised expectations of a stronger U.S. currency, but hopes of capital inflows checked losses.

On BSE, total number of shares traded were 42.01 Crore and total turnover stood at Rs 5,066.77 Crore. On NSE, total number of shares traded were 87.86 Crore and total turnover was Rs 13,245.87 Crore.

Top traded volumes on NSE Nifty – Unitech with 106458838 shares, Suzlon Energy with total volume traded 52240172 shares, DLF with 21499700 shares, Satyam with 14896609 shares, followed by SAIL with 14746746 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1107385 with a total turnover of Rs 16075.49 Crore. Along with this total number of contracts traded in stock futures were 1476299 with a total turnover of Rs 15972.99 Crore. Total numbers of contracts for index options were 1162996 with a total turnover of Rs 17895.06 Crore and total numbers of contracts for stock options were 64649 and notional turnover was Rs 726.75 Crore.

Today, Nifty would have a support at 2,975 and resistance at 3,160 and BSE Sensex has support at 9,850 and resistance at 10,300.

Post Session Market - Dec 19, 2008

The domestic market managed to conclude with marginal gains on the back of buying interest observed in the index heavyweights. Market staged a rebound from its lows on expectations of a second stimulus package by the government for economy and on hopes of further cut in interest rates by the central bank. Sharp drop in inflation provided some relief to the investors and raised the prospect of deeper interest rate cuts in coming weeks. Along with this slash in interest rates by Bank of Japan also lifted the sentiments. The Bank of Japan lowered its key rate from 0.3% to 0.1%.

The Indian market opened marginally lower tracking weak cues from the global markets. Benchmark indices bounced back soon after start but were not able to hold the same impetus and turned volatile on profit booking at higher levels. Further stocks tried to recover again on decision by the Bank of Japan to cut interest rates. But this move was not excessively effective, as Japan’s government has forecast that the country’s economy will have zero growth in the year ending March 2010.

BSE Sensex ended around 10,100 mark and NSE Nifty above 3,050 level. From the sectoral front, Investors on-loaded positions across most of the sectors and Reality stocks outperformed the benchmark indices as ended with gain of more than 10%. Along with that, Auto, Consumer Durable, Pharma, Power FMCG, PSU and Capital Goods stocks contributed to the recovery. Midcap and Small cap stocks also ended higher. However, Oil & Gas stocks remained under pressure.

Among the Sensex pack 18 stocks ended in green territory and 12 in red. The market breadth was positive as 1482 stocks closed in green while 1033 stocks closed in red and 84 stocks remained unchanged in BSE.

The BSE Sensex closed higher by 23.48 points at 10,099.91 and NSE Nifty ended up by 16.75 points at 3,077.50. The BSE Mid Caps and Small Caps ended with gains of 59.43 points and 32.07 points at 3,263.99 and 3,744.02 respectively. The BSE Sensex touched intraday high of 10,188.54 and intraday low of 9,987.42.

Gainers from the BSE Sensex pack are DLF Ltd (10.80%), JP Associates (6.00%), M&M Ltd (4.23%), Sterlite Industries (3.62%), HUL (3.61%), Tata Motors (3.28%), Reliance Infra (3.08%), Tata Steel (3.04%), Reliance Communication Ltd (2.66%), Maruti Suzuki (2.49%), Bharti Airtel (1.55%) and Tata Power (1.38 %).

Losers from the BSE Sensex pack are Satyam Computer (3.87%), ONGC Ltd (3.23%), ACC Ltd (2.33%), HDFC (1.72%), ITC Ltd (1.11%), HDFC Bank (0.84%), Reliance (0.81%), Ranbaxy Lab (0.64%) and SBI (0.63%).

The BSE Reality index ended up by (10.57%) or 241.35 points at 2,525.34. Major gainers are Unitech Ltd (16.14%), Indiabull Real (11.67%), DLF Ltd (10.80%), Anant Raj (9.95%), Orbit Co (9.62%) and Omaxe Ltd (8.90%).

The BSE Auto index advanced by (1.79%) or 45.14 points to close at 2,561.63. Gainers are Amtek Auto (8.14%), Ashok Leyland (5.19%), M&M Ltd (4.23%), Tata Motors (3.28%), Exide Industries (3.23%) and Maruti Suzuki (2.49%).

The BSE Consumer Durable index surged (1.59%) or 31.34 points to close at 1,998.76 as Titan Ind (3.02%), Videocon Ind (1.15%) and Blue Star L (0.65%) ended in positive territory.

The BSE Pharma index gained (1.55%) or 45.30 points to close at 2,960.67 as Matrix Labs (9.35%), Dishman Pharma (9.31%), Piramal Healt (5.55%), Biocon Ltd (5.02%), Dr Reddy’s Lab (4.23%) and Lupin Ltd (4.07%) ended in green.

The BSE Power index ended higher by (1.01%) or 18.67 points at 1,863.67. Main Gainers are GVK Power (7.94%), Power Grid (4.58%), Lanco Infra (3.70%), GMR Infra (3.17%), Reliance Infra (3.08%) and ABB Ltd (2.52%).

The BSE Oil & Gas index ended lower by (0.63%) or 40.79 points at 6,443.81. Major losers are Cairn Ind (4.26%), ONGC Ltd (3.23%), Aban Offshore (1.54%), Reliance (0.81%) and Reliance Natural Resources (0.18%).

Mid Session Market - Dec 19, 2008

The markets are facing a little bit of volatility and are swinging in between the positive and negative territory. The Realty, Consumer Durables, Auto, FMCG, Pharma and Capital Goods stocks are on the buyer’s ride today. However, the IT, Oil & gas and Banking stocks are under pressure today. The BSE Mid Cap and the Small Cap index are however trading with a gain of around 1% each.

The BSE Sensex is now trading around the 10,050 mark and the NSE Nifty trading above the 3,050 mark.

The overall market breadth is positive as 1347 stocks are advancing while 836 stocks are declining and the 89 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Shanghai Composite, Straits Times and Seoul Composite index are trading higher by (0.80%), (0.37%%) and (0.43%) respectively. However, the Nikkei and Hang Seng index are trading lower by (0.91%) and (1.07%) respectively. The Asian stocks were mixed after Japan slashed interest rates to almost zero as central banks around the world are taking steps to downpour the markets with cheap money to support a troubled global economy. The Bank of Japan lowered its key rate from 0.3 percent to 0.1 percent.

Mahindra & Mahindra reported the top gainer from the BSE Sensex pack as it was trading higher by (7.25%) at Rs. 330.50 while ONGC the top loser down by (3.51%) at Rs. 707.15.

The BSE Mid cap is higher by 38.06 points at 3,242.62 and the BSE small Cap advanced by 26.18 points to trade at 3,738.13.

At 12.35 pm, BSE Sensex was at 10,056.65 down by 19.78 points while the NSE Nifty was at 3,067.40 up by 6.65 points.

BSE Auto inclined by 52.12 points to 2,568.61. Leading to its gain are Mahindra & Mahindra (5.83%), Tata Motors (3.69%), Maruti Suzuki (4.76%) and Hero Honda (0.46%).

BSE IT index declined by 20.28 points to trade at 2,324.78 as Mphasis (3.21%), Satyam Computer (3.04%), TCS (0.91%), Infosys Technologies (0.88%) and Patni Computer (0.64%) are trading in negative.

BSE Metal index advanced by 41.63 points at 5,469.82 as Tata Steel (2.88%), JSW Steel (2.70%), Ispat Industries (2.43%), SAIL (1.94%) and Sterlite Industries (1.81%) are trading in green.

BSE Bankex index is trading higher by 15.33 points at 5,635.37. Gainers are IDBI Bank (2.52%), PNB (1.94%), AXIS Bank (1.62%), and Bank of Baroda (0.76%).

BSE Oil & Gas index is trading 66.44 points lower at 6,418.16 as ONGC (3.39%), Cairn India (3.51%), Aban Offshore (0.87%), and Reliance Industries (0.46%) are trading in negative.

BSE Capital goods index advanced by 39.66 points to 7,179.86. The main gainers are Gammon India (10.33%), SKF (3.70%), Punj Lloyd (2.70%) and ABB (1.46%).

BSE Power index is trading 6.51 points higher at 1,851.51. The main gainers are GVK Power (6.54%), Tata Power (2.77%), Power Grid (1.88%), Suzlon Energy (1.79%),and Torent Power (0.87%).

BSE Realty index surged by 118.58 points to 2,402.57. The major gainers are Unitech (11.42%), India Bull Real (8.39%), Ansal Infra (5.37%), HDIL (5.31%) and DLF (5.14%).

Pre Session Market - Dec 19, 2008

Today the markets are expected to open up in red as most of the Asian benchmark indices are trading in red. Going further, the markets may continue to be volatile as some policy news and rate cuts are expected to flow in. The fall in inflation numbers will not only boost the moral of investors but also support the moves for policymakers. In addition the slumping crude oil price may give some energy to the energy stocks.

On Thursday, the markets were flat in the pre mid session and soon in the post session it turned into whopping gains. The significant gain was primarily attributed by the fall in inflation numbers to 6.84%, which may inspire the RBI to think over the further rate cut. The inflation numbers fell by 116bps to 6.84% for the week ended December 6, 2008 as compared to 8% the week before. Sensex and Nifty lost 2.62% and 2.87%. Realty, Teck, Power and Metal conceded losses of 7.36%, 5.02%, 4.44% and 4.36% respectively. Among the sectors the rate sensitive sectors like Realty, Bankex, Power and Auto rolled the red carpet for bulls. During the trading session we expect the markets to be trading volatile with negative bias.

The BSE Sensex closed higher by 361.14 points at 10,076.43 and NSE Nifty ended up by 106.40 points at 3060.75. The BSE Mid Caps and Small Caps ended with gains of 68.39 points and 33.39 points at 3,204.56 and 3,678.56 respectively. The BSE Sensex touched intraday high of 10,110.34 and intraday low of 9,633.04.On Thursday, the US markets closed in red. The sentiments were weak as the the rating agency S&P has threatened General Electric of down sizing its current rating “AAA” to negative. In addition the falling oil prices crippled the energy shares. Chevron Corp and Exxon Mobil were the biggest drags on the Dow for the second consecutive session as oil fell almost $4, or about 10 percent, to settle near $36 a barrel on growing fears of falling demand. Crude oil futures for the month of January delivery fell $3.84 to $36.22 per barrel on New York Mercantile Exchange.

The crude futures have touched an intraday of $35.98 per barrel in the electronic trading. The crude prices have reached a new record level since mid of 2004 as investors pay less attention to worried about the production cut by the Organization of the Petroleum Exporting Countries. The Dow Jones Industrial Average (DJIA) closed low with 219.35 points at 8,604.99 NASDAQ index fell 26.94 points at 1,552.37 and the S&P 500 (SPX) also closed lower by 19.14 points to close at 885.28 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 2.29% and Wipro also gained by 3.29% whereas Satyam that dropped by 3.86% and Patni Computers closing low by 3.80%. In banking sector ICICI Bank lost 2.45%, HDFC Bank grew by 0.79%. In telecommunication sector, Tata Communication rose by 5.93%, while MTNL inclined by 3.87%.

Today the major stock markets in Asia opened weak. The Shanghai Composite is trading low by 4.51 at 2,011.18 Hang Seng is low by 282.37 points at 15,215.44. Further Japan''s Nikkei slipped by 94.95 points at 8,572.28. Tiwan weighted low by 4,651.35 points at 1,176.83 and Singapore’s Strait Times is low by 9.43 points at 1,789.52.

The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 2,288.10 Crore and gross debt purchased stood at Rs 305.20 Crore, while the gross equity sold stood at Rs 2,396.80 Crore and gross debt sold stood at Rs 697.00 Crore. Therefore, the net investment of equity and debt reported were Rs (108.70) Crore and Rs (391.90) Crore respectively.

On Thursday Indian Rupee closed at 46.95/96 a dollar, 1.5% stronger than Wednesday''s close of 47.67/69. Rupee gained strength in the wake of rally in the domestic market. As well as the dollar witnessed weakness in the global market.

On BSE, total number of shares traded were 39.43 Crore and total turnover stood at Rs 5,095.54 Crore. On NSE, total number of shares traded were 85.75 Crore and total turnover was Rs 13,363.39 Crore.

Top traded volumes on NSE Nifty – Unitech with 68693875 shares, Suzlon Energy with total volume traded 57199637 shares, Satyam with 36272449 shares, followed by DLF with 18466028 shares, SAIL with 15279032 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1237329 with a total turnover of Rs 17489.91 Crore. Along with this total number of contracts traded in stock futures were 1469346 with a total turnover of Rs 15976.89 Crore. Total numbers of contracts for index options were 1333958 with a total turnover of Rs 20107.92 Crore and total numbers of contracts for stock options were 88989 and notional turnover was Rs 1032.39 Crore.Today, Nifty would have a support at 2,980 and resistance at 3,100 and BSE Sensex has support at 9,750 and resistance at 10,150.

Post Session Market - Dec 18, 2008

The domestic market ended with phenomenal gains. The Asian markets witnessed firm rally that helped domestic investors gather guts to trade with positive sentiments. The positive sentiments of Asian rally was reinforced by the inflation numbers which fell by 116bps to 6.84% for the week ended December 6, 2008 as compared to 8% the week before. The rate sensitive companies’ stock rallied as the fall in inflation numbers may inspire RBI to further reduce interest rates to support demand of goods and services.

The Indian market opened positive but sooner entangled into volatility. The volatile session continued until the mid session, however the Asian markets started trading firm and later the good inflation numbers cheered the investors to trade with full swing. The European markets had little impact on the domestic trend, however Asian markets helped gain momentum. Buying in technology, capital goods, power, auto, realty, and banking helped the markets to gain further. The better than expected inflation numbers played the magic spell on the sentiments of investors. Amongst the forerunners, Realty won the race followed by Bankex, Power and CG. These sectors are all rate sensitive and the fall in inflation numbers has given a hope of further cut in interest rates by RBI to fuel the shrunken economy.

Among the Sensex pack 28 stocks ended in green territory and 2 in red with marginal losses. The market breadth was positive as 1490 stocks closed in green while 966 stocks closed in red and 91 stocks remained unchanged.

The BSE Sensex closed higher by 361.14 points at 10,076.43 and NSE Nifty ended up by 106.40 points at 3,060.75. The BSE Mid Caps and Small Caps ended with good gains of 68.39 points and 33.39 points at 3,204.56 and 3,711.95 respectively. The BSE Sensex touched intraday high of 10,110.34 and intraday low of 9,633.04.

Gainers from the BSE Sensex pack are DLF (9.56%), Jaiprakash Associates (9.36%), Reliance Infra (9.32%), ICICI Bank (9.16%) and State Bank of India with a gain of (7.88%).

Losers from the BSE Sensex pack are Grasim Industries Ltd (0.33%) and Sterlite Industries (0.11%).

BSE Realty index ended up by (7.27%) or 154.78 points at 2,283.99. Major gainers are DLF (9.56%), Unitech (9.17%) and India Bulls (8.95%).

The BSE Bankex index ended higher by (7.06%) or 370.66 points at 5,620.04 as ICICI Bank (9.16%), Axis bank (8.22%), Canara Bank (8.07%), SBI (7.88%), Indusind Bank (7.13%) ended in green.

The BSE Power index advanced (5.81%) or 101.36 points to close at 1,845.00. Main gainers are GVK Power (12.34%), Suzlon Energy (11.62%), REL Infra (9.32%), NEYVELI (7.66%) and BHEL (6.90%).

The BSE PSU index ended higher by (5.11%) or 260.08 points at 5,348.50 as Nat Alluminium (11.41%), MMTC (10%), Hindustan Petroleum (9.58%), and Canara Bank (8.07%) ended in positive territory.

Mid Sesion Market - Dec 18, 2008

The markets managed to recover from the day’s low and are trading in the positive territory after the inflation number came in better than expected. The inflation for the week to December 6, slipped further to 6.84% from 8% a week earlier. Where it was expected to remain around the 7% level. The significant buying is witnessed among the IT, Realty, Power, FMCG and Banking stocks. However, the Oil & gas and Metal stocks are facing the selling pressure. The BSE Mid Cap and the Small Cap index today are however trading with marginal gains.

The BSE Sensex is now trading near the 9,800 mark and the NSE Nifty trading above the 2,900 mark.

The overall market breadth is positive as 1042 stocks are advancing while 1033 stocks are declining and the 80 stocks remain unchanged on BSE.

On the global market front, the Asian markets are trading higher as the Hang Seng, Seoul Composite, Shanghai Composite and Nikkei 225 index are trading higher by (0.35%), (0.53%), (1.26%) and (0.64%) respectively.

Satyam Computer reported the top gainer from the BSE Sensex pack as it was trading higher by (6.49%) at Rs. 168.30 while Tata Steel the top loser down by (3.59%) at Rs. 211.

The BSE Mid cap is higher by 10.35 points at 3,146.52 and the BSE small Cap advanced by 3.35 points to trade at 3,681.91.

At 12.35 pm, BSE Sensex was at 9,799.66 up by 84.37 points while the NSE Nifty was at 2,976.10 up by 21.75 points.

BSE Auto inclined by 17.49 points to 2,459.26. Leading to its gain are Hero Honda (2.46%), Bajaj Auto (2.03%), Mahindra & Mahindra (1.83%) and Amtek Auto (2.17%).

BSE IT index inclined by 80.30 points to trade at 2,326.23 as HCL Technologies (7.13%), Wipro (5.04%), Satyam Computer (6.42%), Infosys Technologies (3.02%) and TCS (3.47%) are trading in positive.

BSE Metal index dropped by 119.18 points at 5,204.26 as Jindal Saw (4.57%), Tata Steel (4.55%), Sterlite Industries (2.65%), JSW Steel (2.81%) and Hindalco Industries (1.66%) are trading in red.

BSE Bankex index is trading higher by 108.89 points at 5,358.27. Gainers are SBI (3.88%), PNB (3.13%), ICICI Bank (2.65%), AXIS Bank (2.53%) and ICICI Bank (2.65%).

BSE Oil & Gas index is trading 120.33 points lower at 6,243.68 as Cairn India (7.58%), Aban offshore (4.57%), Gail India (4.32%), ONGC (2.02%) and Reliance Industries (2.75%) are trading in negative.

BSE Capital goods index advanced by 77.17 points to 6,912.59. The main gainers are ABB (3.39%), Praj Industries (2.66%), Siemens (2.41%) and L&T (2.12%).

BSE Power index is trading 37.25 points higher at 1,780.89. The main gainers are GVK Power (6.82%), Suzlon Energy (4.19%), Reliance Power (4.27%), NTPC (2.94%),and Power Grid (1.68%).

BSE Realty index fell 15.43 points to 2,113.78. The major losers are DLF (6.44%), Unitech (3.44%), Penland (3.07%), Parsavnath (1.79%) and Ansal Infra (2.51%).

Pre Session Market - Dec 18, 2008

Today markets are likely to open negative and trade volatile during the session. After yesterday’s weak trading one could gauge the weak sentiments prevailing across markets. The sentiments are still under the bearish influence and any sing of firmness at this point is questionable. The markets trend seems to have halted after it touched the 10k mark, the sentiments emanating from the broader markets. The sense of volatility would creep in during the trading session as there is not much good factor to defend from bears.

On Wednesday, the markets traded volatile and later succumbed to the negative cues from European markets. The Fed’s rate cut plan had minimal impact on the domestic markets’ sentiments. The majority of Asian markets had traded positive since phenomenal opening in the morning. However the domestic investors were highly skeptical on the fall of European markets. Profit booking and sense of insecurity pulled the markets southwards. Sensex and Nifty lost 2.62% and 2.87%. Realty, Teck, Power and Metal conceded losses of 7.36%, 5.02%, 4.44% and 4.36% respectively. Among the sectors Bankex was at the safest zone with a least fall of 0.15%. During the trading session we expect the markets to be trading volatile with negative bias.

The BSE Sensex closed lower by 261.69 points at 9,715.29 and NSE Nifty ended low by 87.40 points at 2,954.35. The BSE Mid Caps and Small Caps ended with losses of 108.04 points and 98.09 points at 3,136.17 and 3,678.56 respectively. The BSE Sensex touched intraday high of 10,073.10 and intraday low of 9,682.91.

On Wednesday, the US markets closed in red. The sentiments were weak despite Fed’s decision of reducing the lending rates between 0 to 0.25%. Morgan Stanley posts wore than expected results. Citigroup, Morgan Stanley and Goldman Sacs were among the laggards in the financial sector. On the other hand, in the debt markets the Government Debts considered to be the safest investment avenue closed higher with a yield of 2.16% on 10-year note. Crude oil futures for the month of January delivery fell $3.54 to $40.06 per barrel on New York Mercantile Exchange. The OPEC has planned to reduce the oil production by 4.2 million barrels to 24.85 million barrels.

The Dow Jones Industrial Average (DJIA) closed low with 99.80 points at 8,824.34 NASDAQ index fell 10.58 points at 1,579.31 and the S&P 500 (SPX) also closed lower by 8.76 points to close at 904.42 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 3.49% and Wipro also gained by 2.73% followed by Satyam that surged by 50.00% and Patni Computers closing high by 0.33%. In banking sector ICICI Bank lost 2.75%, HDFC Bank plunged by 2.42%. In telecommunication sector, Tata Communication dropped by 6.63%, while MTNL declined by 1.18%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 13.14 at 1,963.67 Hang Seng is low by 125.15 points at 15,335.37. Further Japan''s Nikkei is high by 43.25 points at 8,655.77. South Korea’s Seoul Composite is high by 7.08 points at 1,176.83 and Singapore’s Strait Times is high by 0.62 points at 1,176.83.

The FIIs on Wednesday stood as net buyer in buyer equity and net seller in debt. Gross equity purchased stood at Rs 1684.80 Crore and gross debt purchased stood at Rs 157.10 Crore, while the gross equity sold stood at Rs 1657.20 Crore and gross debt sold stood at Rs 418.90 Crore. Therefore, the net investment of equity and debt reported were Rs 27.50 Crore and Rs (261.80) Crore respectively.

On Wednesday Indian Rupee closed at 47.67/69 a dollar, 0.5% stronger than Tuesday''s close of 47.92/93. Despite the fall in the stock markets the rupee ended stronger as U.S. Federal Reserve lifted the sentiments by slashing interest rates.

On BSE, total number of shares traded were 42.01 Crore and total turnover stood at Rs 4,893.61 Crore. On NSE, total number of shares traded were 84.43 Crore and total turnover was Rs 12,872.23 Crore.

Top traded volumes on NSE Nifty – Satyam with 81279339 shares, Unitech with 41703824 shares, Suzlon Energy with total volume traded 39215005 shares, followed by SAIL with 17912516 shares, Reliance Petro with 14221929 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1129470 with a total turnover of Rs 15,864.32 Crore. Along with this total number of contracts traded in stock futures were 1275936 with a total turnover of Rs 13,719.14 Crore. Total numbers of contracts for index options were 1255197 with a total turnover of Rs 18,978.24 Crore and total numbers of contracts for stock options were 69647 and notional turnover was Rs 798.36 Crore.

Today, Nifty would have a support at 2,897 and resistance at 3,020 and BSE Sensex has support at 9,550 and resistance at 9,930.

Post Session Market - Dec 17, 2008

The domestic market slipped sharply since afternoon trade to close in red terrain on lower US index futures along with dive in European stocks. Earlier market was showing volatility on constant bouts of buying and selling. Initially market surged on positive cues from US markets as the Federal Open Market Committee, cuts the Fed funds rate to target range of 0 - 0.25%. But suddenly the markets gave up their early gains as India''s fourth largest software firm in terms of sales, Satyam Computer Services suspended to buy two related companies. The company called-off deal over the acquisition of Maytas Properties and Maytas Infra that led to the negative sentiments.

The Indian market opened on positive note today on the back of encouraging cues from the global markets led by Fed decision to cut Fed funds rate. However market was not able to hold the same momentum and pared its gains soon after start. Further stocks continued to swing between positive and negative zone till afternoon session. Finally at the end, market closed with losses as investors resorted to profit booking. BSE Sensex ended around 9,700 mark and NSE Nifty below 3,000 level. From the sectoral front, Investors off-loaded positions across the sectors and Reality stocks took a sharp bit as ended with deep cut of more than 7%. Apart from that, Teck, Power Metal, IT, Capital Goods and Oil & Gas stocks contributed to most of selling pressure. Midcap and Smallcap stocks also followed a similar trend.

Among the Sensex pack 21 stocks ended in red territory and 9 in green. The market breadth was negative as 1569 stocks closed in red while 956 stocks closed in green and 72 stocks remained unchanged.

The BSE Sensex closed lower by 261.69 points at 9,715.29 and NSE Nifty ended down by 87.40 points at 2,954.35. The BSE Mid Caps and Small Caps ended with losses of 108.04 points and 98.09 points at 3,136.17 and 3,678.56 respectively. The BSE Sensex touched intraday high of 10,073.10 and intraday low of 9,682.91.

Losers from the BSE Sensex pack are Satyam Computer (30.22%), Reliance Infra (13.73%), Reliance Communications Ltd (13.36%), JP Associates (12.21%), ACC Ltd (9.21%), DLF Ltd (8.64%), Tata Power (5.92%), Sterlite Industries (5.16%), Bharti Airtel (4.73%) and BHEL (4.37%).

Gainers from the BSE Sensex pack are ICIC Bank (2.43%), HDFC Bank (1.83%), Infosys Tech (1.51%), Wipro Ltd (1.50%), HUL (1.27%), M&M Ltd (1.25%), Grasim Industries (0.55%) and ONGC Ltd (0.39 %).

The BSE Reality index ended down by (7.36%) or 169.18 points at 2,129.21. Major losers are Indiabull Real (11.13%), Orbit Co (10.57%), Unitech Ltd (9.11%), DLF Ltd (8.64%), Mahindra Life (8.16%) and Ansal Infra (6.75%).

The BSE Teck index plunged (5.02%) or 101.89 points to close at 1,926.48. Losers are Satyam Computer (30.22%), Reliance Communications Ltd (13.36%), Moser Bayer (11.17%), Rolta India (10.26%), Dish TV (9.98%) and Adlabs Film (9.25%).

The BSE Power index ended lower by (4.44%) or 81.07 points at 1,743.64. Main Losers are GVK Power (14.00%), Reliance Infra (13.73%), Suzlon Energy (9.40%), Crompton Greaves (7.00%), Reliance Power (6.42%) and Lanco Infra (5.84%).

The BSE Metal index dropped by (4.36%) or 242.63 points to close at 5,323.44 as Welspan Gujarat SR (13.59%), Steel authority (8.77%), NMDC Ltd (7.34%), Ispat Industries (7.07%), Jindal Saw (6.93%) and JSW Steel (6.78%) ended in negative territory.

The BSE IT index lost (4.04%) or 94.65 points to close at 2,245.93 as Satyam Computer (30.22%), Moser Bayer (11.17%), Rolta India (10.26%), Financ Tech (7.29%), NIIT Ltd (6.46%) and Aptech Ltd (5.21%) ended in red.

The BSE Capital Goods index ended lower by (2.90%) or 189.85 points at 6,835.42. Major losers are Thermax Ltd (15.96%), Suzlon Energy (9.40%), Praj Industries (8.82%), Gammon India (8.74%), Reliance Industrial Infra (8.38%) and Walchand Industries (7.24%).

Mid Session Market - Dec 17, 2008

The markets managed to recover a bit from the lows but are trading cautiously with a little bit of volatility. The buying momentum is seen among the Consumer Durables, Banking, Auto stocks. The Auto and Banking stocks got a boost by a steep interest rate cut by the Federal Reserve. However, the Realty, IT, Oil & Gas and Pharma are reeling under pressure. The BSE Mid Cap and the Small Cap index today are however trading with marginal gains. The BSE Sensex is now trading above the 9,900 mark and the NSE Nifty trading above the 3,000 mark.

The overall market breadth is positive as 1351 stocks are advancing while 854 stocks are declining on BSE.

On the global market front, the Asian markets are trading higher as the Hang Seng, Seoul Composite, Shanghai Composite and Nikkei 225 index are trading higher by (1.38%), (0.71%), (0.56%) and (0.52%) respectively.

ICICI Bank reported the top gainer from the BSE Sensex pack as it was trading higher by (4.85%) at Rs. 442 while Satyam Computer the top loser down by (27.48%) at Rs. 164.25.

The BSE Mid cap is higher by 24.77 points at 3,268.98 and the BSE small Cap advanced by 37.08 points to trade at 3,813.73.

At 12.35 pm, BSE Sensex was at 9,985.77 up by 8.79 points while the NSE Nifty was at 3,042.80 up by 1.05 points.

BSE Auto inclined by 47.44 points to 2,509.13. Leading to its gain are Ashok Leyland (7.38%), Mahindra & Mahindra (4.03%), Tata Motors (2.76%) and Bajaj Auto (3.03%).

BSE IT index declined by 34.51 points to trade at 2,306.07 as Satyam Computer (27.46%), NIIT Ltd. (2.21%) and Rolta Ind (1.85%) are trading in negative while Tech Mahindra (4.75%), Infosys Technologies (4.28%) and Wipro (3.51%)are trading higher.

BSE Metal index slipped by 24.70 points at 5,541.37 as SAIL (4.02%), NALCO (1.34%), Sesa Goa (1.15%), Hindalco Industries (0.71%), Jindal Saw (0.51%) are trading in red.

BSE Bankex index is trading higher by 69.59 points at 5,326.97. Gainers are ICICI Bank (4.73%), AXIS Bank (1.65%), HDFC Bank (1.63%), SBI (0.80%) and PNB (0.31%).

BSE Oil & Gas index is trading 100.89 points lower at 6,543.30 as RNRL (5.57%), Gail India (4.37%), RPL (1.44%), Essar Oil (1.19%) and Cairn India (0.15%) are trading in negative.

BSE Capital goods index dropped by 62.48 points to 7,047.40. The main losers are Gammon India (3.41%), Jyothi Structures (3.67%), L&T (1.15%) and Praj Industries (0.22%).

BSE Power index is trading 12.72 points lower at 1,811.89. The main losers are Reliance Infra (7.16%), GVK Power (5.42%), Tata Power (0.29%), Power Grid (0.65%) and NTPC (0.06%).

BSE Realty index fell 44.04 points to 2,254.35. The major losers are Penland (2.88%), India Bull Real (1.76%), DLF (2.22%) and Mahindra Life (0.59%).

Pre Session Market - Dec 17, 2008

Today we expect markets to open positive amidst gain in US markets and phenomenal openings across the Asian markets. The Federal Open Markets Committee’s (FOMC) decision of reducing the key lending rate has brought charm in the markets around the world. The FOMC has stated that it is targeting to reduce the Fed’s fund rate to 0 to 0.25%. In a major incidence in the IT industry, Satyam has walked away from the $1.6 billion deal of buying Maytas Properties and Maytas Properties due to investors’ concerns. The domestic markets are likely to follow the global trend today. Despite the volatility that the markets had shown yesterday, today we expect the markets to trade firm with a positive trend.

On Tuesday, the markets traded volatile until it managed to gain after the post mid session. The lackluster markets of Asia had little impact on the domestic sentiments as the front like stocks like Reliance Industries, ONGC, ACC and HDFC Bank helped gain over all momentum. The second line stocks also rallied with strong sentiments for the consecutive day. Sensex crossed the psychological level of 10k and on the other hand Nifty managed to close above 3k mark. The UK markets like CAC, FTSE and Dax also rallied on the back of positive cues of rate cut by Fed. Sensex and Nifty gained by 1.47% and 2.03%. CD, PSU and Oil & Gas gained 7.44%, 5.03% and 3.30% respectively. The rest of the sectors also managed to close in green. During the trading session we expect the market to be trading with a positive trend.

The BSE Sensex closed higher by 144.59 points at 9,976.98 and NSE Nifty ended up by 60.55 points at 3,041.75. The BSE Mid Caps and Small Caps ended with good gains of 79.14 points and 117.56 points at 3,244.21 and 3,776.65 respectively. The BSE Sensex touched intraday high of 10,009.21 and intraday low of 9,790.31.

On Tuesday, the US markets closed in red. Despite the financial giant posted worst than expected quarterly results the markets managed to close in green on the back of the FOMC’s decision to reduce the key lending rates to 0 to 0.25%. The FOMC has stated that it is targeting to reduce the Fed’s fund rate to 0 to 0.25%. The November CPI has also declined below the expectations by 1.7%. On the other hand there are also rumors about automaker’s bailout which could be announced today. Crude oil futures for the month of January delivery fell $0.91 to $43.60 per barrel on New York Mercantile Exchange. The crude futures dropped to a low to $42.56 a barrel in the electronic trading on the back of the Federal Reserve''s comprehensive easing steps and gloomy economic outlook overtook expectations that the Organization of Petroleum Exporting Countries will cut member nations'' production quotas.

The Dow Jones Industrial Average (DJIA) closed higher with 359.61 points at 8,924.14 NASDAQ index gained 81.55 points at 1,589.89 and the S&P 500 (SPX) also closed higher by 44.61 points to close at 913.18 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.80% and Wipro also gained by 3.78% followed by Satyam that lost a whopping 54.58% and Patni Computers closing high by 2.38%. In banking sector ICICI Bank gained 11.07%, while HDFC Bank gained 11.63%. In telecommunication sector, Tata Communication inclined by 11.52%, while MTNL inclined by 1.80%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 24.92 at 1,999.93 Hang Seng is high by 168.16 points at 15,298.37. Further Japan''s Nikkei is high by 8.67 points at 8,576.69. South Korea’s Seoul Composite is low by 1.11 points at 1,160.45 and Singapore’s Strait Times is high by 10.38 points at 1,792.47.

The FIIs on Tuesday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 1798.60 Crore and gross debt purchased stood at Rs 113.40 Crore, while the gross equity sold stood at Rs 1559.20 Crore and gross debt sold stood at Rs 161.50 Crore. Therefore, the net investment of equity and debt reported were Rs 239.40 Crore and Rs (48.10) Crore respectively.

On Tuesday Indian Rupee closed at 47.92/93 a dollar, 0.3% stronger than Monday''s close of 48.05/06. The rallies in the capital markets have helped the Rupee gain strength despite huge demand for dollars by state run banks on behalf of Oil refineries.

On BSE, total number of shares traded were 37.80 Crore and total turnover stood at Rs 4,149.73 Crore. On NSE, total number of shares traded were 77.61 Crore and total turnover was Rs 11,116.37 Crore.

Top traded volumes on NSE Nifty – Unitech with 47429681 shares, Suzlon Energy with total volume traded 42000652 shares, followed by SAIL with 20463821 shares, Reliance Petro with 17131397 shares and DLF with 12238912 shares.

On NSE Future and Options, total number of contracts traded in index futures was 861407 with a total turnover of Rs 12,045.03 Crore. Along with this total number of contracts traded in stock futures were 997927 with a total turnover of Rs 10,548.77 Crore. Total numbers of contracts for index options were 1055038 with a total turnover of Rs 15,790.09 Crore and total numbers of contracts for stock options were 67880 and notional turnover was Rs 789.07 Crore.

Today, Nifty would have a support at 2,950 and resistance at 3,105 and BSE Sensex has support at 9,819 and resistance at 10,225.

Post Session Market - Dec 16, 2008

The domestic market rebounded sharply from days low to close with decent gains on sustained buying during final trading hours. Earlier market was trading with volatility for throughout of trading session as investors were cautious ahead of Fed meeting. However, hopes of additional interest rate cuts by the central bank to support the domestic economy from the global economic recession boosted the sentiments of domestic investors. In addition to this, inflow of foreign funds also lifted the market sentiments.

The Indian market opened lower today and suddenly turned volatile on the back of negative cues from the global markets. The US stocks came into pressure on the back of the $50 billion fraud by the former chairman of the Nasdaq stock exchange and popular broker, Bernard Madoff. Asian stocks declined on fears of deepening global recession. Further stocks recuperated during mid session, but were not able to hold the same momentum and again turned lower. Finally, market surged higher in the late trades on sustained buying in scrips across the sectors.

Positive European markets also contributed to the recovery. BSE Sensex ended around 10,000 mark and NSE Nifty crossed 3,000 level. From the sectoral front, investors on-loaded position across the sectors and Consumer Durable stocks out performed the benchmark indices as ended with gain of more than 7%. Apart from that, most of the buying was seen in PSU, Oil & Gas, Pharma, IT, Reality, Bank and Power stocks. Midcap and Smallcap stocks also joined the northward journey.

Among the Sensex pack 20 stocks ended in green territory and 10 in red. The market breadth was positive as 1866 stocks closed in green while 648 stocks closed in red and 67 stocks remained unchanged.

The BSE Sensex closed higher by 144.59 points at 9,976.98 and NSE Nifty ended up by 60.55 points at 3,041.75. The BSE Mid Caps and Small Caps ended with good gains of 79.14 points and 117.56 points at 3,244.21 and 3,776.65 respectively. The BSE Sensex touched intraday high of 10,009.21 and intraday low of 9,790.31.

Gainers from the BSE Sensex pack are ONGC Ltd (6.07%), Grasim Industries (4.59%), ACC Ltd (4.34%), Tata Motors (4.33%), HDFC Bank Ltd (4.10%), Reliance (3.64%), NTPC Ltd (3.50%), SBI (2.80%), Ranbaxy Lab (2.50%), TCS Ltd (2.37%), Infosys Tech (1.98%) and Wipro Ltd (1.96%).

Losers from the BSE Sensex pack are Sterlite Industries (7.07%), HDFC (4.13%), Reliance Infra (2.53%), Reliance Communication Ltd (2.11%), DLF Ltd (1.32%), L&T Ltd (1.23%) and Tata Steel (1.03%).

The BSE Consumer Durables index advanced by (7.44%) or 135.97 points to close at 1,964.43. Main gainers are Videocon Ind (19.99%), Blue Star L (9.22%), Gitanjali GE (4.93%), Rajesh Export (4.00%) and Titan Ind (2.37%).

The BSE PSU index ended higher by (5.03%) or 245.56 points at 5,128.78 as MMTC Ltd (20.00%), NMDC Ltd (16.24%), Neyveli LIG (14.79%), Rashtriya Chemicals & Fertilizers (10.71%), Chennai Petro (7.42%) and State Dena Bank (7.25%) ended upbeat

The BSE Oil & Gas index surged (3.30%) or 209.25 points to close at 6,554.19 as ONGC Ltd (6.07%), Reliance (3.64%), Gail India (3.27%), Cairn Indi (3.25%), Essar Oil Ltd (2.09%) and Essar Oil Ltd (2.01%) ended in positive territory.

The BSE Pharma index ended higher by (2.48%) or 71.22 points at 2,939.45. Major gainers are Piramal Health (11.12%), Orchid Chem (9.61%), Glenmark Pharma (7.11%), Biocon Ltd (5.74%), Opto Circuit (5.71%) and Lupin Ltd (5.19%).

The BSE IT index gained (2.38%) or 54.38 points to close at 2,340.58 as HCL Tech (17.99%), Oracle fin (11.21%), Moser Bayer (10.92%), NIIT Ltd (8.40%), Tech Mahindra (4.98%) and Rolta India (4.04%) ended in green.

The BSE Reality index ended up by (2.34%) or 52.52 points at 2,298.39. Major gainers are Housing Dev (14.27%), Orbit Co (10.07%), Indiabull Real (8.16%), Ansal Infra (7.08%), Sobha Dev (4.47%) and Omaxe Ltd (3.38%).

Mid Session Market - Dec 16, 2008

The markets have made sharp recovery from the day’s lows and are trading significantly higher. The Consumer Durables, IT, Pharma, Capital Goods, Power and Banking stocks are on the buyer’s ride today. The BSE Mid Cap and the Small Cap index today has outperformed the benchmark index. The BSE Sensex is now trading above the 9,850 mark and the NSE Nifty trading above the 3,000 mark.

The overall market breadth is positive as 1655 stocks are advancing while 461stocks are declining on BSE.

On the global market front, the Asian markets have also recover from their losses as the Hang Seng and Seoul Composite index are trading higher by (0.35%) and (0.29%) respectively. However, the Shanghai Composite and Nikkei 225 index are trading lower by (0.86%) and (1.12%) respectively.

ONGC reported the top gainer from the BSE Sensex pack as it was trading higher by (4.86%) at Rs. 705.60 while Sterlite Industries the top loser down by (5.19%) at Rs. 291.75.

The BSE Mid cap is higher by 69.62 points at 3,234.69 and the BSE small Cap advanced by 111.09 points to trade at 3,770.18.

At 12.35 pm, BSE Sensex was at 9,887.80 up by 55.41 points while the NSE Nifty was at 3,007.20 up by 26 points.

BSE Auto inclined by 15.25 points to 2,438.77. Leading to its gain are Ashok Leyland (7.13%), Tata Motors (3.10%), Bajaj Auto (1.27%) and Hero Honda (1.19%).

BSE IT index inclined by 62.35 points to trade at 2,348.55 as HCL Technologies (13.82%), Tech Mahindra (6%), TCS (2.64%), Infosys Technologies (2.53%) and Wipro (1.90%) are trading in positive.

BSE Metal index advanced by 79.39 points at 5,617.86 as NMDC (13.69%), Ispat Industries (2.37%), Jindal Saw (2.71%), JSW Steel (2.14%) and Sesa Goa (2.33%) are trading in green.

BSE Bankex index is trading higher by 49.89 points at 5,189.82. Gainers are IDBI Bank (3.56%), AXIS Bank (3.41%), Kotak Bank (2.12%), SBI (2.06%), ICICI Bank (1.95%), PNB (1.70%).

BSE Oil & Gas index is trading 79.93 points higher at 6,424.87 as ONGC (5.22%), Cairn India (2.70%), Aban Offshore (2.33%), Essar Oil (1.82%) and RPL (0.94%) are trading in positive.

BSE Capital goods index surged by 144.73 points to 7,189.21. The main gainers are Punj Lloyd (7.06%), Havells India (6.48%), Praj Industries (4.99%), and Siemens (4.36%).

BSE Power index is trading 31.45 points higher at 1,819.10. The main gainers are Suzlon Energy (6.16%), Torent Power (2.56%), NTPC (2.23%), Reliance Power (1.96%) and Tata Power (1.56%).

BSE Realty index grew by 15.72 points to 2,261.59. The major gainers are Ansal Infra (4.57%), HDIL (3.89%), Sobha Developers (3.87%) and Omaxe Ltd. (3.05%).

Pre Session Market - Dec 16, 2008

Today we expect the market to open positive however later it may also turn volatile. The Asian markets have opened mixed and US markets closed in red. The sentiments across the broader markets may dwindle along with the southward movements in Asian markets. Yesterday the domestic markets pared off its early gains showing little sign of insecurity and skepticism amongst investors. The markets may be range bound today as there is hardly any news to drive the markets. As such investors may try to secure their positions with little risk.

On Monday, the markets opened with phenomenal positive gap. The sentiments across the Asian markets were bullish and the domestic trend retained its firmness till the end. Realty and Metal kept the rally high. The Advance tax numbers were also satisfactory and hence pumped more confidence amongst investors. Nifty after a long time broke the 3000 mark but later could not sustain the selling pressures. Sensex and Nifty gained by 1.47% and 2.05%. Realty, Metal, CD and PSU gained 5.53%, 5.19% 4.90% and 3.49% respectively. During the trading session we expect the market to be trading range bound with negative bias.

The BSE Sensex closed higher by 142.32 points at 9,832.39 and NSE Nifty ended up by 59.85 points at 2,981.20. The BSE Mid Caps and Small Caps ended with good gains of 114.59 points and 128.13 points at 3,165.07 and 3,659.09 respectively. The BSE Sensex touched intraday high of 9,948.33 and intraday low of 9,749.29.

On Monday, the US markets closed in red. The fate of the three Auto makers still looms in the dark despite White House signaled that a relief plan would be on the way. Market participants were also skeptic about the FOMC rate decisions. On the other hand FOMC is looking to induce economic growth through rate cuts. As such, fed funds futures imply a reduction to the fed funds target rate is certain. There is currently a 66% implied probability the target rate will be cut to 0.25% from 1.00%. There is a 34% implied probability the rate will be cut to 0.5%. Crude oil futures for the month of January delivery fell $1.77 to $44.51 per barrel on New York Mercantile Exchange. The crude oil fell because traders were skeptic that the production cut by OPEC would hardly support the price of oil.

The Dow Jones Industrial Average (DJIA) closed lower with 65.15 points at 8,564.53 NASDAQ index lost 32.38 points at 1,508.34 and the S&P 500 (SPX) also closed lower by 11.16 points to close at 868.57 points.

Indian ADRs ended negative. In technology sector, Infosys lost by 1.40% and Wipro also dropped by 3.14% followed by Satyam that lost 0.87% and Patni Computers closing high by 1.20%. In banking sector ICICI Bank lost 2.14%, while HDFC Bank lost 2.30%. In telecommunication sector, Tata Communication declined by 5.25%, while MTNL inclined by 0.91%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 36.28 at 1,928.15 Hang Seng is high by 169.67 points at 15,216.62. Further Japan''s Nikkei is low by 77.41 points at 8,587.25. South Korea’s Seoul Composite is high by 2.11 points at 1,160.30 and Singapore’s Strait Times is low by 0.99 points at 1,773.77.

The FIIs on Monday stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs 1527.00 Crore and gross debt purchased stood at Rs 876.50 Crore, while the gross equity sold stood at Rs 1633.40 Crore and gross debt sold stood at Rs 239.70 Crore. Therefore, the net investment of equity and debt reported were Rs (106.40) Crore and Rs 636.80 Crore respectively.

On Monday Indian Rupee gained strength at 48.05/06 a dollar, 0.8% stronger than Friday''s close of 48.43/45. The phenomenal gain in the capital markets helped the Rupee gain strength despite huge demand for Dollars from the Oil refineries. Traders are optimistic about foreign capital inflow due to bullish sentiments prevailing now.

On BSE, total number of shares traded were 40.02 Crore and total turnover stood at Rs 4,381.42 Crore. On NSE, total number of shares traded were 81.84 Crore and total turnover was Rs 11,077.60 Crore.

Top traded volumes on NSE Nifty – Unitech with 65792850 shares, Suzlon Energy with total volume traded 33194570 shares, followed by Reliance Petro with 29003569 shares, SAIL with 16260024 shares and DLF with 15485141 shares.

On NSE Future and Options, total number of contracts traded in index futures was 8,28641 with a total turnover of Rs 11,461.31 Crore. Along with this total number of contracts traded in stock futures were 10,09116 with a total turnover of Rs 10,568.19 Crore. Total numbers of contracts for index options were 9,95270 with a total turnover of Rs 14,810.87 Crore and total numbers of contracts for stock options were 72552 and notional turnover was Rs 805.49 Crore.

Today, Nifty would have a support at 2,910 and resistance at 3,055 and BSE Sensex has support at 9,665 and resistance at 9,998.

Post Session Market - Dec 15, 2008

The domestic market ended the day in green terrain after paring some of earlier gains on profit booking after sharp rally. Earlier benchmark indices gathered huge buying momentum supported by the positive Asian markets along with expectations of a second fiscal stimulus package from the government and hopes of further interest rate cuts by the central bank to protect the domestic economy from the global economic recession. Positive sentiment was also supported by the fiscal package announced by the public sector banks for the reality sector.

The Indian market opened on positive note tracking firm cues from the global markets. Market did not reacted to the negative IIP numbers for the month of October, announced on December 12, on hopes of second fiscal sops and additional interest rate cuts by RBI. . In addition, the investors were eying on the rate cut by US FED and the bailout package for Auto giants. Further stocks continued to trade higher on strong buying momentum sustained across the board. Though market came off from the days’ high to reduce its gains, due to sell off on selective stocks across the counters. From the sectoral front, most of the indices ended in green and among those Reality and Metal stocks out performed the benchmark indices as ended with gains of more than 5% each. Apart from that, Consumer Durables, PSU, Oil & Gas, Capital Goods, Pharma and Auto stocks also supported the upsurge. Midcap and Smallcap stocks also continued to gain the momentum. However IT stocks remained out of favor as witnessed some of the selling from this basket.

Among the Sensex pack 23 stocks ended in green territory and 7 in red. The market breadth was positive as 1937 stocks closed in green while 555 stocks closed in red and 80 stocks remained unchanged.

The BSE Sensex closed higher by 142.32 points at 9,832.39 and NSE Nifty ended up by 59.85 points at 2,981.20. The BSE Mid Caps and Small Caps ended with good gains of 114.59 points and 128.13 points at 3,165.07 and 3,659.09 respectively. The BSE Sensex touched intraday high of 9,948.33 and intraday low of 9,749.29.

Gainers from the BSE Sensex pack are Grasim Industries (9.32%), Hindalco (5.86%), Sterlite Industries (5.07%), L&T Ltd (4.24%), Tata Steel (4.22%), ONGC Ltd (4.09%), ACC Ltd (3.87%), M&M Ltd (3.50%), HDFC Bank (2.72%), JP Associates (2.67%) and Tata Motors (2.60%).

Losers from the BSE Sensex pack are Reliance Communication Ltd (4.09%), TCS Ltd (2.62%), Tata Power (2.49%), Wipro Ltd (1.63%), HDFC (1.45%), SBI (0.84%) and Infosys Tech (0.57%).

The PSU banks have announced fiscal package including a number of measures to boost housing, micro, small and medium enterprises (MSME), and export sectors. The home loan rates for up to Rs 5 lakh should not be more than 8.5%. Interest on loans between Rs 5-20 lakh shares will be 9.25%. There will be no process and prepayment fees for home loans up to Rs 5 lakh. New home loans package will be valid till June 30, 2009. Apart from this, the banks would not charge any processing fees and pre payment charges for loans upto Rs 20 lakh and also provide free insurance cover. They have also decided to cut the lending rates for the micro and medium enterprises by 100 basis points.

The early advance tax numbers from large corporate houses like SBI, ICICI Bank and HDFC illustrate increased payout. The SBI’s Q3 advance tax stands at Rs1,700 crore as against Rs1,088 crore (YoY). HDFC’s advance tax stood at Rs279 crore versus Rs215 crore of corresponding period of previous year. ICICI Bank’s Q3 advance tax is at Rs470 crore against Rs500 crore (YoY).


The BSE Reality index ended up by (5.53%) or 117.69 points at 2,245.87. Major gainers are Housing Dev (16.65%), Orbit Co (12.95%), Ansal Infra (11.88%), Unitech Ltd (10.50%), Pheonix Mill (9.97%) and Omaxe Ltd (9.28%).

The BSE Metal index ended higher by (5.19%) or 273.34 points at 5,538.47 as Welspan Gujarat SR (21.06%), NMDC Ltd (10.52%), Sesa Goa Ltd (9.45%), Steel Authority (8.81%), Jindal Saw (8.07%) and JSW Steel (6.44%) ended in green.

The BSE Consumer Durables index advanced by (4.90%) or 85.41 points to close at 1,763.24. Main gainers are Gitanjali GE (7.11%), Blue Star L (5.95%), Videocon Ind (5.67%), Rajesh Export (5.16%) and Titan Ind (3.59%).

The BSE PSU index ended higher by (3.49%) or 164.71 points at 4,883.22 as Hindustan Copper (15.10%), MMTC Ltd (14.11%), NMDC Ltd (10.52%), Steel Authority (8.81%), Mahanagar Tele (8.22%) and State Trad Corp (7.14%) ended in positive territory.

The BSE Oil & Gas index surged (3.25%) or 199.59 points to close at 6,344.94 as Cairn Ind (8.25%), Reliance Petroleum (6.95%), Aban Offshore (5.51%), Reliance Natural Resources (5.38%), Gail India (4.38%) and Essar Oil Ltd (4.19%) ended in green.

The BSE Capital Goods index gained (3.18%) or 216.94 points to close at 7,044.48. Gainers are Siemens Ltd (11.41%), Jyoti Struct (9.97%), Areva (8.13%), Everest Kanto (7.09%), Walchand Industries (6.53%) and Elecon Eng C (4.94%).

The BSE IT index lost (0.22%) or (5.13%) points to close at 2,286.20 as HCL Tech (2.75%), TCS Ltd (2.62%), Wipro Ltd (1.63%), Infosys Tech (0.57%) and Patni Computer (0.22%) ended in red.

Mid Session Market - Dec 15, 2008

The markets are still trading higher as strong buying momentum continued across the board. The markets are reacting positively ahead of the second stimulus package by the government. The BSE Mid Cap and the Small Cap index today has outperformed the benchmark index and are trading witje a gain of around 3% each. The significant buying is seen among the Metal, Realty, Auto, Banking and Capital Goods stocks.

The BSE Sensex is now trading above the 9,800 mark and the NSE Nifty trading above the 2,950 mark.

The overall market breadth is positive as 1763 stocks are advancing while 432 stocks are declining and the 65 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading higher as Hang Seng, Nikkei, Shanghai Composite, Straits Times and Seoul Composite index are trading higher by (3.59%), (5.21%), (0.19%), (2.54%) and (4.93%) respectively.

Hindalco Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (8.88%) at Rs. 57.60 while HDFC the top loser down by (2.17%) at Rs. 1600.20.

The BSE Mid cap is higher by 95.35 points at 3,145.83 and the BSE small Cap advanced by 104.78 points to trade at 3,635.74.

At 12.31 pm, BSE Sensex was at 9,820.23 up by 130.16 points while the NSE Nifty was at 2,975.35 up by 54 points.

BSE Auto inclined by 73.02 points to 2,450.31. Leading to its gain are Ashok Leyland (7.85%), Mahindra & Mahindra (5.80%), Tata Motors (2.79%) and Bajaj Auto (2.48%).

BSE IT index inclined by 48.15 points to trade at 2,339.48 as Mphasis (4.23%), TCS (2.24%), Satyam Computer (2.11%), Wipro (1.80%) and HCL Technologies (1.73%) are trading in positive.

BSE Metal index surged by 335.23 points at 5,600.36 as JSW Steel (7.61%), Nalco (6.15%), Sterlite Industries (5.95%), SAIL (5.42%) and Tata Steel (5.30%) are trading in green.

BSE Bankex index is trading higher by 181.41 points at 5,244.66. Gainers are Kotak Bank (4.58%), ICICI Bank (3.93%), HDFC Bank (2.60%), AXIS Bank (2.99%), PNB (1.90%), SBI (1.68%).

BSE Oil & Gas index is trading 157.11 points higher at 6,302.46 as Cairn India (9.11%), Aban Offshore (6.41%), Essar Oil (4.36%), Gail India (4.07%) and ONGC (4.01%) are trading in positive.

BSE Capital goods index advanced by 204.36 points to 7,031.90. The main gainers are Gammon India (11%), Punj Lloyd (4.73%), Praj Industries (4.26%), Siemens (5.98%) and ABB (2.62%).

BSE Power index is trading 46.07 points higher at 1,804.40. The main gainers are Suzlon Energy (5.56%), Torent Power (5.13%), Reliance Power (3.04%), Power Grid (1.70%) and NTPC (1.64%).

BSE Realty index grew by 128.36 points to 2,256.54. The major gainers are HDIL (10.50%), Unitech (9.48%), Ansal Infra (9.41%) and Sobha Developers (5.96%).

Pre Session Market - Dec 15, 2008

Today we expect the market to open positive as other Asian markets are trading with strong positive trend. Despite the bad IIP numbers which stood as negative 0.4% as compared to 4.8% of earlier month, the markets showed good recovery towards the end trading session on Friday. The forex reserves have also fallen by $1.83 billion to $245.86 billion for the week ended December 5. The host of government relief packages seems to have been working as investors are showing some bullish sentiments. Hence we anticipate a good trend during today’s trading session.

On Friday, the markets opened with a negative gap and later managed to pare off the losses to end in green. The bad news of the senate not accepting the US bail out for US Auto makers brought sharp bearishness and fear across markets. The trading was no less than similar to the previous trading day where the markets moved to its full stretch on the south and north zone. The worst than expected IIP numbers pulled the sentiments. Later the rally happened in Reliance stocks which helped markets to end in green. Sensex and Nifty gained by 0.46% and %. Realty, CD, Oil & Gas and Bankex gained 3.94%, 2.93% 2.34% and 1.20% respectively. During the trading session we expect the market to be trading in a positive trend.

The BSE Sensex closed higher by 44.61 points at 9,690.07 and NSE Nifty ended slightly up by 1.20 points at 2,921.35. The BSE Mid Caps and Small Caps ended with gains of 47.40 points and 87.37 points at 3,050.48 and 3,530.96 respectively. The BSE Sensex touched intraday high of 9,745.51 and intraday low of 9,281.89.

On Friday, the US markets closed in green despite disrupting news. The Senate voted against the $14 billion bailout plan for the Auto makers. While the White House is also considering some possibility of using TARP funds in place of plan. After this news General Motors is implementing the plan to cut down its major production. The retail sales for the month of November fell by 1.8%. The drop in the consumer spending is likely to affect the GDP results. Crude oil futures for the month of January delivery fell $1.70 to $46.28 per barrel on New York Mercantile Exchange. The crude futures slipped to a low to $43.28 a barrel but managed to end above the day''s low as the Treasury Department said it would lend funds to the auto industry after a rescue plan collapsed in the Senate on Thursday night.

The Dow Jones Industrial Average (DJIA) closed higher with 64.59 points at 8,629.68 NASDAQ index gained 32.84 points at 1,540.72 and the S&P 500 (SPX) also closed higher by 6.14 points to close at 879.73 points.

Indian ADRs ended positive. In technology sector, Infosys gained by 1% and Wipro ended high by 2.41% followed by Satyam that gained 3.60% and Patni Computers closing high by 3.56%. In banking sector ICICI Bank gained 4.91%, while HDFC Bank gained by 5.89%. In telecommunication sector, Tata Communication inclined by 1.92%, while MTNL inclined by 4.75%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 8.38 at 1,962.60 Hang Seng is high by 453.26 points at 15,211.65. Further Japan''s Nikkei is high by 426.14 points at 8,662.01. South Korea’s Seoul Composite is high by 48.53 points at 1,152.35 and Singapore’s Strait Times is high by 37.64 points at 1,777.98.

The FIIs on Friday stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs 2078.80 Crore and gross debt purchased stood at Rs 591.80 Crore, while the gross equity sold stood at Rs 1745.40 Crore and gross debt sold stood at Rs 961.10 Crore. Therefore, the net investment of equity and debt reported were Rs 333.30 Crore and Rs (369.20) Crore respectively.

On Friday Indian rupee weakened on lower IIP data offering evidence of a rapid economic slowdown. Rupee settled at 48.43/45 a dollar, 0.2% down than Thursday''s close of 42.33/34 but off the low of 49.

On BSE, total number of shares traded were 40.08 Crore and total turnover stood at Rs 4,486.93 Crore. On NSE, total number of shares traded were 80.59 Crore and total turnover was Rs 11,186.43 Crore.

Top traded volumes on NSE Nifty – Unitech with 44597294 shares, Suzlon Energy with total volume traded 38338499 shares, followed by Reliance Petro with 25656378 shares, DLF with 19396753 shares and SAIL with 15308173 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1064562 with a total turnover of Rs 14,136.13 Crore. Along with this total number of contracts traded in stock futures were 1082695 with a total turnover of Rs 10,890.81 Crore. Total numbers of contracts for index options were 1040542 with a total turnover of Rs 15,163.20 Crore and total numbers of contracts for stock options were 81360 and notional turnover was Rs 888.02 Crore.

Today, Nifty would have a support at 2,955 and resistance at 3,045 and BSE Sensex has support at 9,610 and resistance at 9,980.