Stock Market - Bulls & Bears : Indian-commodity.com

Post Session Market - Dec 26, 2008

2008-12-26T16:46:00.000+05:30

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

2008-12-26T12:47:00.000+05:30

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

2008-12-26T10:01:00.000+05:30

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

2008-12-24T12:53:00.000+05:30

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

2008-12-24T09:48:00.000+05:30

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

2008-12-23T16:38:00.000+05:30

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

2008-12-23T12:48:00.000+05:30

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

2008-12-23T09:53:00.000+05:30

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

2008-12-22T16:50:00.001+05:30

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

2008-12-22T12:51:00.001+05:30

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

2008-12-22T09:50:00.000+05:30

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

2008-12-19T16:40:00.000+05:30

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

2008-12-19T12:47:00.000+05:30

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

2008-12-19T09:53:00.000+05:30

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

2008-12-18T17:00:00.000+05:30

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

2008-12-18T12:49:00.000+05:30

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

2008-12-18T09:52:00.000+05:30

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

2008-12-17T16:40:00.002+05:30

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

2008-12-17T12:56:00.001+05:30

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

2008-12-17T09:56:00.000+05:30

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

2008-12-16T16:36:00.000+05:30

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

2008-12-16T12:54:00.000+05:30

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

2008-12-16T09:52:00.000+05:30

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

2008-12-15T16:44:00.000+05:30

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

2008-12-15T12:51:00.000+05:30

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

2008-12-15T09:50:00.000+05:30

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.

Post Session Market - Dec 12, 2008

2008-12-12T16:39:00.000+05:30

The domestic market ended the day with marginal gains after recovering from initial losses on upturn in US index futures from early fall. Resumption of buying by foreign funds also aided recovery on the domestic bourses. Benchmark indices reported a smart bounce back from earlier fall which was by the failure of the proposal to bail out the US auto industry in a procedural vote in the Senate late, 11 December 2008. During the final trading market ignored weak opening of European markets and the grim IIP data as expecting more rate cuts to aid the economic slowdown.

The Indian market opened with a negative gap tracking weak cues from Asian markets after collapse of the US auto bailout. Further, market continued to trade in red on huge sell off ahead of October IIP number. The market was not showing any sign of recovery as much eyed IIP number for the month of October fell for the first time in many years by 0.4% in October, softened by manufacturing sector. However, during final trading, benchmark indices took a sharp rebound from its losses to move into the positive zone on recovery in US index futures. Expectation of another cut in rates by RBI also lifted sentiments. From the sectoral front Consumer Durables, Oil & Gas, Reality, Capital Goods, Metal and Bank stocks were in limelight as witnessed most of the buying from these baskets. Midcap and Smallcap stocks also supported the market. However IT, Teck, FMCG, Pharma and PSU stocks remained out of favor.

Among the Sensex pack 17 stocks ended in green territory and 13 in red. The market breadth was positive as 1547 stocks closed in green while 851 stocks closed in red and 81 stocks remained unchanged.

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 9,745.41 and intraday low of 9,281.89.

Gainers from the BSE Sensex pack are DLF Ltd (7.73%), Reliance Infra (7.25%), Reliance Communication Ltd (4.18%), Reliance (3.76%), Hindalco (3.12%), Tata Power (2.71%), M&M Ltd (2.32%), JP Associates (1.71%), HDFC (1.79%), SBI (1.38%), ICICI Bank (1.28%) and ITC Ltd (0.91%).

Losers from the BSE Sensex pack are TCS Ltd (5.00%), Wipro Ltd (4.52%), Tata Motors (4.02%), ONGC Ltd (2.78%), Bharti Airtel (2.69%), Infosys Tech (2.52%), Satyam computer (1.60%), NTPC Ltd (1.23%), BHEL (1.06%) and Grasim Industries (0.86%).

The Index of Industrial Production number for October stands at a negative 0.4% as compared to 4.8% of earlier month. It was 12.22% during the corresponding period of previous year. A negative IIP number has happened for the second time in India''s history and was last seen 10 years back. Manufacturing production, which accounts for 80% of the index fell 1.2% in October 2008 from 13.8% a year earlier.

The BSE Reality index ended up by (3.94%) or 80.60 points at 2,128.18. Major gainers are Anant Raj (9.94%), DLF Ltd (7.73%), Ansal Infra (4.12%), Penland Ltd (2.80%), Mahindra Life (2.49%) and Housing Dev (2.11%).

The BSE Consumer Durables index advanced by (2.93%) or 49.60 points to close at 1,743.05. Main gainers are Titan Ind (4.87%), Gitanjali GE (4.12%), Rajesh Export (2.95%), Blue Star L (0.53%) and Videocon Ind (0.30%).

The BSE Oil & Gas index surged (2.34%) or 140.36 points to close at 6,145.35 as BPCL (5.72%), HPCL (5.51%), Essar Oil Ltd (4.69%), Reliance (3.76%), Cairn India (2.95%) and IOC (2.61%) ended in green.

The BSE Bank index ended higher by (1.20%) or 59.95 points at 5,063.25 as IDBI Bank (4.27%), Indian Overseas Bank (3.70%), Indus Ind Bank (3.20%), Punjab National Bank (2.69%), Bank oIndia (2.67%) and Axis Bank (2.49%) ended in positive territory.

The BSE IT index ended down (2.88%) or 67.87 points at 2,291.33. Losers are HCL Tech (7.27%), TCS Ltd (5.00%), Wipro Ltd (4.52%), Financ Tech (3.51%), NIIT Ltd (3.12%) and Infosys Tech (2.52%).

The BSE Teck index ended lower by (1.70%) or 34.48 points at 1,990.45 as TCS Ltd (5.00%), Wipro Ltd (4.52%), Financ Tech (3.51%), DTL Ltd (3.47%), NIIT Ltd (3.12%) and Bharti Airtel (2.69%) ended in red.

Mid Session Market - Dec 12, 2008

2008-12-12T13:03:00.000+05:30

strong selling pressure continued across the board mainly led by the IT, Metal, Realty, Capital Goods, Banking and Power stocks. The BSE Mid Cap and the BSE Small Cap are however trading flat. The news of failure of US auto bailout by the US senate has added to the negative sentiments today. Further, much eyed on the IIP number for the month of October fell for the first time in many years by 0.4% in October, due to the softened by manufacturing sector. Manufacturing sector, which accounts for 80% of the index, declined 1.2 per cent from 13.8 per cent in the year-ago period. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago.

The BSE Sensex is now trading around the 9,300 mark and the NSE Nifty trading around the 2,800 mark.

The overall market breadth is negative as 1018 stocks are advancing while 1042 stocks are declining and the 67 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading lower as Hang Seng, Nikkei, Shanghai Composite and Seoul Composite index are trading lower by (5.92%), (5.56%), (3.97%) and (4.38%) respectively.

Tata Power reported the top gainer from the BSE Sensex pack as it was trading higher by (0.27%) at Rs. 733 while Wipro the top loser down by (6.80%) at Rs. 233.

The BSE Mid cap is lower by 0.78 points at 3,002.30 while the BSE small Cap advanced by 14.58 points to trade at 3,458.17.

At 12.31 pm, BSE Sensex was at 9,388.20 down by 257.26 points while the NSE Nifty was at 2,839.70 down by 80.45 points.

BSE Auto declined by 42.36 points to 2,335.25. Leading to its fall are Tata Motors (5.01%), Maruti Suzuki (3.39%), Ashok Leyland (3.29%) and Mahindra & Mahindra (3.02%).

BSE IT index declined by 99.52 points to trade at 2,259.68 as Wipro (6.60%), HCL Technologies (6.19%), Infosys Technologies (4.32%), TCS (5.35%) and Satyam Computer (3.86%) are trading in negative.

BSE Metal index dropped by 158.89 points at 5,094.22 as JSW Steel (7.61%), Nalco (6.15%), Sterlite Industries (5.95%), SAIL (5.42%) and Tata Steel (5.30%) are trading in red.

BSE Bankex index is trading lower by 147.28 points at 4,856.02. Losers are Kotak Bank (5.84%), ICICI Bank (5.08%), SBI (3.69%), AXIS Bank (2.97%) and HDFC Bank (2.39%).

BSE Oil & Gas index is trading 64.61 points lower at 5,940.38 as Aban Offshore (3.71%), ONGC (3.44%), and RPL (2.98%) are trading in negative. However, HPCL (5.11), Cairn India (3.52%) and Essar Oil (1.86%) are trading in positive.

BSE Capital goods index slipped by 183.32 points to 6,626.95. The main losers are ABB (5.95%), Punj Lloyd (6.50%), Siemens (3.88%), L&T (3.70%) and BHEL (2.99%).

BSE Power index is trading 39.93 points lower at 1,715.91. The main losers are ABB (5.98%), Power Grid (4.68%), Suzlon Energy (3.20%), GVK Power (2.96%) and Torent Power (1.61%).

BSE Realty index fell by 60.50 points to 1,987.08. The major losers are India Bull Real (6.84%), Unitech (6.78%), HDIL (3.89%) and Omaxe Ltd. (3.54%).

Pre Session Market - Dec 12, 2008

2008-12-12T09:53:00.000+05:30

Today we expect the market to open with a negative gap as US markets have closed in red and other Asian markets opened with heavy blood bath. The IIP numbers to be announced today will also play an important role in the markets sentiments. Amidst the insecure feeling and cautious approach one would witness some early losses in the day’s trade. The feelings across the globe are bearish and hence investors would have to be very cautious in their holdings.

On Thursday, the markets moved highly volatile however later managed to end flat. The sentiments were not as strong as in the previous day and later during the trading session it collapsed by nearly 200 points. Asian markets were also trading volatile coupled with the European markets, which ended in red. Towards the end the good inflation numbers helped the markets pare off its losses and managed to close flat. Sensex and Nifty gained by 5.37% and 5.18%. Realty, Oil & Gas and Metal gained 2.12%, 1.67% and 1.37% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed marginally lower by 9.44 points at 9,645.46 and NSE Nifty ended slightly down by 8.10 points at 2,920.15. The BSE Mid Caps and Small Caps ended with gains of 54.84 points and 48.14 points at 3,003.08 and 3,443.59 respectively. The BSE Sensex touched intraday high of 9,746.01 and intraday low of 9,441.97.

Inflation for the week ended 29th November 2008, stood at 8% as compared to 8.4% of the previous week. It was 3.89% during the corresponding week last year. Inflation rate for primary articles, which has a weight of 22% in the index number, fell to 11.66% in the reported week as compared to 11.98% in the previous week.

On Thursday, the US markets closed negative as the macro economic data pulled the sentiments. The U.S. House of Representatives approved yesterday a $14 billion plan to aid Ford, General Motors, and Chrysler, but the plan is encountering resistance in the Senate. On the other hand October trade deficit climbed to $57.2 billion from $56.6 billion as the exports dropped significantly. Initial jobless claims for the week ended December 6 increased 58,000 to 573,000. Continuing claims increased to 4.43 million from 4.09 million. Crude oil futures for the month of January delivery grew $4.46 to $47.98 per barrel on New York Mercantile Exchange. The crude futures soared on the back of sharp weakness in the dollar and expectations that the Organization of Petroleum Exporting Countries will deliver a significant production cut next week.

The Dow Jones Industrial Average (DJIA) closed lower with 196.33 points at 8,565.09 NASDAQ index lost 57.60 points at 1,507.88 and the S&P 500 (SPX) also closed lower by 25.65 points to close at 873.59 points.

Indian ADRs ended mixed. In technology sector, Infosys lost by 4.35% and Wipro ended low by 3.24% followed by Satyam that gained 0.0.08% and Patni Computers closing low by 3.93%. In banking sector ICICI Bank lost 0.71%, while HDFC Bank gained by 1.68%. In telecommunication sector, Tata Communication inclined by 0.66%, while MTNL inclined by 1.28%.

Today the major stock markets in Asia opened with heavy blood bath. The Shanghai Composite is trading low by 39.04 at 1,992.64 Hang Seng is low by 803.88 points at 14,810.02. Further Japan''s Nikkei is low by 110.37 points at 8,610.18. South Korea’s Seoul Composite is low by 31.25 points at 1,123.18 and Singapore’s Strait Times is low by 62.12 points at 1,732.04.

The FIIs on Thursday stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs 2603.20 Crore and gross debt purchased stood at Rs 102.40 Crore, while the gross equity sold stood at Rs 1614.80 Crore and gross debt sold stood at Rs 555.40 Crore. Therefore, the net investment of equity and debt reported were Rs 988.40 Crore and Rs (453.00) Crore respectively.

On Thursday, the partially convertible rupee ended at 48.33/34 per dollar as against 48.25 on Friday last week. The rupee ended stronger by 1.4% as there was unwinding of long dollar positions in the non-deliverable markets, which prompted banks to sell dollars in the spot market.

On BSE, total number of shares traded was Rs 38.58 Crore and total turnover stood at Rs 4,638.42 Crore. On NSE, total volume of shares traded was Rs 84.74 Crore and total turnover was Rs 12,074.93 Crore.

Top traded volumes on NSE Nifty – Unitech with 69099536 shares, Suzlon Energy with total volume traded 57853064 shares, followed by Reliance Petro with 25300006 shares, DLF with 22908063 shares and SAIL with 18876949 shares.

On NSE Future and Options, total number of contracts traded in index futures was 942024 with a total turnover of Rs 12,693.06 Crore. Along with this total number of contracts traded in stock futures were 1107143 with a total turnover of Rs 10,989.57 Crore. Total numbers of contracts for index options were 949555 with a total turnover of Rs 14,057.38 Crore and total numbers of contracts for stock options were 81593 and notional turnover was Rs 866.16 Crore.

Today, Nifty would have a support at 2,795 and resistance at 2,905 and BSE Sensex has support at 9,180 and resistance at 9,580.

Post Session Market - Dec 11, 2008

2008-12-11T16:40:00.000+05:30

The domestic market ended with marginal losses after showing some recovery, on selling pressure led by weak global cues. Investors’ ignored further decline in inflation to 8% for the week ended 29th November 2008, and took calculative steps on concern of weakening domestic and global economy. Negative European markets also fueled to the negative sentiments. According to RBI’s governor D Subbarao, the next two years would be very critical for the country. On 10th December 2008, he indicated that RBI''s projection of 7.5% to 8% economic growth for the current fiscal year may be revised downwards when RBI reviews the annual policy for 2008-09 in January 2009.

The Indian market belled the day marginally higher but tuned choppy soon after start. Further, market continued to trade with volatility throughout of the session ahead of IIP data for the October 2008, due to be released on 12th December. The market tried to recuperate during afternoon session on as stocks recovered in Japan on hopes of aggressive rate cuts and government actions around the world to limit the depth of global recession. The benchmark indices fell further as selling pressure intensified in some of the front liners that led market to close in red territory. From the sectoral front most of the selling pressure was led by IT, Consumer Durables, Teck, Pharma and PSU stocks. However Reality, Oil & Gas, Metal, Bank and Auto stocks were able to gain market favor. Midcap and Smallcap stocks were also on buyer’s radar.

The State owned banks are planning to cut rates on small ticket home loans up to 300 basis points as RBI considers ways to help the banking sector to make small home loans at cheaper rate and is also looking at the option of relaxing norms for this.

Inflation for the week ended 29th November 2008, stood at 8% as compared to 8.4% of the previous week. It was 3.89% during the corresponding week last year. Inflation rate for primary articles, which has a weight of 22% in the index number fell to 11.66% in the reported week as compared to 11.98% in the previous week.

Among the Sensex pack 18 stocks ended in red territory and 12 in green. The market breadth was positive as 1557 stocks closed in green while 911 stocks closed in red and 97 stocks remained unchanged.

The BSE Sensex closed marginally lower by 9.44 points at 9,645.46 and NSE Nifty ended slightly down by 8.10 points at 2,920.15. The BSE Mid Caps and Small Caps ended with gains of 54.84 points and 48.14 points at 3,003.08 and 3,443.59 respectively. The BSE Sensex touched intraday high of 9,746.01 and intraday low of 9,441.97.

Losers from the BSE Sensex pack are TCS Ltd (6.24%), Satyam Computer (5.18%), Wipro Ltd (4.45%), Hindalco (4.38%), Infosys Tech (3.23%), BHEL (2.75%), DLF Ltd (2.28%), ONGC Ltd (1.77%), Tata Motors (1.56%) and Grasim Industries (1.42%).

Gainers from the BSE Sensex pack are JP Associates (10.63%), Sterlite Industries (8.43%), Reliance Communication Ltd (4.80%), ACC Ltd (2.81%), Reliance (2.58%), ICICI Bank (1.58%), Bharti Airtel (0.89%), SBI (0.75%) and Reliance Infra (0.41%).

The BSE IT index ended down (3.90%) or 95.78 points at 2,359.20. Losers are TCS Ltd (6.24%), Satyam Computer (5.18%), Financ Tech (4.74%), Wipro Ltd (4.45%), Tech Mahindra (3.28%) and Infosys Tech (3.23%).

The BSE Consumer Durables index dropped by (2.62%) or 45.65 points to close at 1,693.45. Main losers are Gitanjali GE (8.77%), Titan Ind (4.98%) and Videocon Ind (0.25%).

The BSE Teck index ended down by (1.38%) or 28.35 points at 2,024.93 as TCS Ltd (6.24%), Satyam Computer (5.18%), Financ Tech (4.74%), Wipro Ltd (4.45%), Infosys Tech (3.23%) and Infosys Tech (3.13%) ended in red.

The BSE Reality index ended up by (2.12%) or 42.49 points at 2,047.58. Major gainers are Anant Raj (19.95%), Indiabull Real (10.77%), Penland Ltd (8.08%), Pheonix Mill (6.67%), Sobha Dev (4.91%) and Orbit Co (4.47%).

The BSE Oil & Gas index surged (1.67%) or 98.53 points to close at 6,004.99 as Reliance Natural Resources (25.93%), Reliance Petroleum (8.74%), Aban Offshore (8.03%), Essar Oil Ltd (7.49%) and Reliance (2.58%) ended in green.

The BSE Metal index ended higher by (1.37%) or 71.19 points at 5,253.11 as Sterlite Industries (8.43%), Welspan Gujarat SR (5.61%), Sesa Goa Ltd (2.22%), Jai Corp Ltd (2.19%) and Ispat Industries (1.36%) ended in positive territory.

Mid Session Market - Dec 11, 2008

2008-12-11T12:52:00.000+05:30

The markets are now trading lower after a sharp two days of huge rally. The volatility grips the markets today. The buying is seen among the Metal, Realty, Banking, Auto and Capital Goods stocks. However, the IT, Pharma, FMCG and Oil & Gas stocks are trading lower. The BSE Mid Cap and the BSE Small Cap index have outperformed the benchmark index today and are trading with a gain of more than 1% each.

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

The overall market breadth is positive as 1381 stocks are advancing while 744 stocks are declining and the 92 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Hang Seng, Nikkei and Seoul Composite index are trading higher by (0.29%), (0.70%) and (0.75%) respectively. However, the Shanghai Composite and the Straits Times index are trading lower by (1.97%) and (0.57%) respectively.

Jai Prakash Associate reported the top gainer from the BSE Sensex pack as it was trading higher by (11.30%) at Rs. 83.25 while Satyam Computer the top loser down by (6.68%) at Rs. 220.80.

The BSE Mid cap is higher by 48.06 points at 2,996.30 and the BSE small Cap advanced by 50.73 points to trade at 3,446.18.

At 12.31 pm, BSE Sensex was at 9,605.50 down by 49.40 points while the NSE Nifty was at 2,906.25 down by 22 points.

BSE Auto inclined by 10.46 points to 2,385.88. Leading to its gain are Bajaj Auto (4.12%), Ashok Leyland (3%), Tata Motors (1.50%) and Mahindra & Mahindra (0.82%).

BSE IT index declined by 63.82 points to trade at 2,391.16 as Satyam Computer (6.47%), Wipro (3.76%), TCS (2.94%), Infosys Technologies (1.87%) and HCL Technologies (1.56%) are trading in negative.

BSE Metal index surged by 135.32 points at 5,317.24 as Sterlite Industries (6.76%), Gujarat NRE (4.99%), NMDC (4.11%), Sesa Goa (4%) and SAIL (3.58%) are trading in green.

BSE Bankex index is trading higher by 99.11 points at 5,058.40. Gainers are IDBI Bank (4.09%), ICICI Bank (3.33%), AXIS Bank (2.32%), Kotak Bank (2.88%) and HDFC Bank (1.15%).

BSE Oil & Gas index is trading 23.65 points lower at 5,882.81 as Gail India (4.87%), BPCL (2.74%), HPCL (2.16%), Indian Oil (2.16%) and ONGC (1.02%) are trading in negative.

BSE Capital goods index advanced by 13.73 points to 6,837.87. The main gainers are BEML (4.36%), Havells India (5.06%), Praj Industries (3.74%), Punj Lloyd (3.57%) and Gammon India (3.27%).

BSE Power index is trading 1.12 points lower at 1,761.41. The main losers are NTPC (2.78%), Power Grid (0.59%) while leading to its gains are Suzlon Energy (10.12%), GVK Power (6.08%) and Reliance Power (3.50%).

BSE Realty index improved by 50.55 points to 2,055.64. The major gainers are India Bull Real (5.38%), Penland (6.82%), Sobha Developers (6.26%) and Ansal Infra (5.72%).

Pre Session Market - Dec 11, 2008

2008-12-11T09:55:00.000+05:30

Today markets are likely to open negative despite US markets have ended in green. However after phenomenal gains for the two consecutive trading days, today one could anticipate some profit booking pressures. Yesterday’s rally showed strong Bull Run but one cannot ignore the weak sentiments that still persist across the broader markets. Asian Markets have opened with blood bath and there are possibilities that domestic markets may follow the same trend. The sentiments won’t be that strong and hence volatility is likely to creep during the later trading session.

On Wednesday, the markets opened with a positive gap and managed to retain firmness till the end. The positive sentiments across Asian markets also helped boost the morale of investors as the trend in benchmark indices remained firm till the end. The volume of trades in benchmark indices was phenomenal and sectors like Metal, Oil, Telecom and Capital Goods witnessed huge buying. Sensex and Nifty gained by 5.37% and 5.18%. Realty, Metal, Oil & Gas and Capital Goods gained 12.56%, 8.38%, 6.97% and 4.51% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed with a gain of 492.28 points at 9,654.90 and NSE Nifty ended higher by 144.25 points at 2,928.25. The BSE Mid Caps and Small Caps ended with gains of 63.21 points and 52.25 points at 2,948.24 and 3,395.45. The BSE Sensex touched intraday high of 9,678.70 and intraday low of 9,280.16.

On Wednesday, the US markets closed positive on the back of huge bail out package for the US Auto makers. The White House confirmed that it has reached an agreement with congressional Democrats on a $15 billion aid package for U.S. automakers. The White House called the aid either a bridge to viability or a bridge to bankruptcy. The crude futures soared to a high of $46.17 a barrel on globex. The crude oil futures however ended below the intraday highs after the U.S. Energy Information Administration (EIA) reported that crude-oil inventories during the week ended Dec. 5 rose by 400,000 barrels to stand at 320.8 million barrels. Further, there was speculation that Saudi Arabia may implement a big production cut in January also added to the rally.

The Dow Jones Industrial Average (DJIA) closed higher with 70.09 points at 8,761.42 NASDAQ index gained 18.14 points at 1,565.48 and the S&P 500 (SPX) also closed higher by 10.57 points to close at 899.24 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 0.56% and Wipro ended high by 1.17% followed by Satyam that gained 0.49% and Patni Computers closing high by 2.99%. In banking sector ICICI Bank gained 8.68%, while HDFC Bank gained by 3.26%. In telecommunication sector, Tata Communication inclined by 8.68%, while MTNL inclined by 4.70%.

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading low by 3.36 at 2,072.73 Hang Seng is low by 25.37 points at 15,552.37. Further Japan''s Nikkei is low by 64.67 points at 8,595.57. South Korea’s Seoul Composite is high by 10.83 points at 1,156.70 and Singapore’s Strait Times is low by 6.78 points at 1,814.92.

The FIIs on Wednesday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 1,724.50 Crore and gross debt purchased stood at Rs 193.70 Crore, while the gross equity sold stood at Rs 1,264.20 Crore and gross debt sold stood at Rs 35.20 Crore. Therefore, the net investment of equity and debt reported were Rs 460.40 Crore and Rs 158.50 Crore respectively.

On Wednesday, the partially convertible rupee ended at 49.11 per dollar as against 49.58/59 on Friday last week. The rupee ended stronger by 0.20% as the stock markets witnessed a phenomenal rally.

On BSE, total number of shares traded was Rs 31.14 Crore and total turnover stood at Rs 4,180.57 Crore. On NSE, total volume of shares traded was Rs 72.70 Crore and total turnover was Rs 11,519.57 Crore.

Top traded volumes on NSE Nifty – Unitech with 92869953 shares, Suzlon Energy with total volume traded 48191834 shares, followed by SAIL with 26293865 shares, DLF with 26196390 shares and Tata Steel with 15661932 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1033254 with a total turnover of Rs 13,892.64 Crore. Along with this total number of contracts traded in stock futures were 986466 with a total turnover of Rs 9,817.12 Crore. Total numbers of contracts for index options were 1312292 with a total turnover of Rs 19,111.84 Crore and total numbers of contracts for stock options were 74492 and notional turnover was Rs 775.96 Crore.

Today, Nifty would have a support at 2,838 and resistance at 2,970 and BSE Sensex has support at 9,409 and resistance at 9,735.

Post Session Market - Dec 10, 2008

2008-12-10T16:43:00.003+05:30

The domestic market continued its rally for the second successive session and ended the day with decent gains supported by firm Asian markets. The Bull Run was triggered on the news that a tentative deal was reached on a plan to save the hammered US auto industry along with on hopes that governments all over the world will help out ailing industries by implementing the stimulus measures. White House and congressional Democrats on 9th December 2008 reached an agreement in principle on a $15 billion proposal for bailing out US automakers. Along with this in domestic arena, government is expected to pump additional spending over the next four months of the current fiscal ended March 2009 to bring back the confidence of the investors into the market.

The Indian market opened significantly higher tracking positive cues from the Asian markets. Further, market continued its northward journey on strong buying over the counters. Other Asian markets also gained further ground following the fall in dollar and hopes that the policymakers will provide a helping hand to key sectors. Finally, market concluded the day with huge gains on constant strong buying especially during final trading. From the sectoral front, traders on-loaded positions across the sectors. Reality stocks outperformed the benchmark indices as ended with gain of more than 12% on government’s announcement of a stimulus plan to enhance the sector, including a refinance facility for National Housing Bank and priority sector status for housing loan up to Rs.20,00,000. Cement stocks were in demand on hopes of price cut that will boost demand. Apart from that, most of the buying was seen in Metal, Oil & Gas, Capital Goods, Teck, Auto, Power and Bank stocks. Midcap and Smallcap stocks were also in buyers’ radar.

Among the Sensex pack 29 stocks ended in green territory and 1 in red. The market breadth was positive as 1530 stocks closed in green while 876 stocks closed in red and 121 stocks remained unchanged.

The BSE Sensex closed higher by 492.28 points at 9,654.90 and NSE Nifty ended up by 144.25 points at 2,928.25. The BSE Mid Caps and Small Caps ended with gains of 63.21 points and 52.25 points at 2,948.24 and 3,395.45 respectively. The BSE Sensex touched intraday high of 9,678.70 and intraday low of 9,280.16.

Gainers from the BSE Sensex pack are DLF Ltd (18.93%), Mahindra & Mahindra Ltd (15.47%), Grasim Industries (13.66%), Tata Steel (10.92%), Reliance Communication Ltd (10.24%), ACC Ltd (9.92%), Wipro Ltd (9.80%), Reliance (9.57%), JP Associates (8.96%), Sterlite Industries (8.82%), Reliance Infra (8.70%), ICICI Bank (8.15%) and HDFC (7.47%).

Only one loser from the BSE Sensex pack is Ranbaxy Lab (1.08%).

The BSE Reality index ended up by (12.56%) or 223.72 points at 2,005.09. Major gainers are DLF Ltd (18.93%), Housing Dev (13.43%), Indiabull Real (10.62%), Pheonix Mill (7.78%), Unitech Ltd (6.54%) and Orbit Co (5.86%).

The BSE Metal index ended higher by (8.38%) or 400.70 points at 5,181.92 as Steel Authority (15.77%), Tata Steel (10.92%), Jai Corp Ltd (9.28%), Jindal Steel (9.14%), JSW Steel (9.09%) and Sterlite Industries (8.82%) ended in positive territory.

The BSE Oil & Gas index surged (6.97%) or 384.87 points to close at 5,906.46 as Reliance (9.57%), Aban Offshore (9.00%), Gail India (7.33%), Essar Oil Ltd (6.54%) and Cairn Ind (5.26%) ended in green.

The BSE Capital Goods index advanced by (4.51%) or 294.75 points to close at 6,824.14. Main gainers are Usha Martin (16.27%), Crompton Greaves (10.97%), Suzlon Energy (9.15%), Gammon Indi (6.90%), Thermax Ltd (5.96%) and BEML Ltd (5.76%).

The BSE Teck index went up by (4.31%) or 84.90 points to close at 2,053.28. Main gainers are Dish TV (16.21%), Tata Communication Ltd (13.77%), Reliance Communication Ltd (10.24%), Tel eighteen (9.88%), Wipro Ltd (9.80%) and Zee Ent (7.76%.

The BSE Auto index ended higher by (4.16%) or 94.14 points at 2,375.42. Gainers are Excorts Ltd (15.87%), Mahindra & Mahindra Ltd (15.47%), Tata Motors (7.30%), Bajaj Auto (5.20%), Bosch Ltd (4.55%) and Exide Industries (3.68%).

Mid Session Market - Dec 10, 2008

2008-12-10T12:46:00.004+05:30

The markets are now trading strongly and have gained further grounds as sustained buying continued across the board. Further the positive Asian markets also added to the domestic sentiments. The Realty, Metal, Oil & Gas, IT, Capital Goods, Power and Banking stocks are on the buyer’s ride today. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of around 1% each.

The BSE Sensex is now trading above the 9,400 mark and the NSE Nifty trading above the 2,800 mark.

The overall market breadth is positive as 1248 stocks are advancing while 819 stocks are declining and the 94 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading higher as Hang Seng, Seoul Composite, Nikkei and Shanghai Composite index are trading higher by (3.96%), (3.62%), (3.15%) and (1.20%) respectively.

DLF reported the top gainer from the BSE Sensex pack as it was trading higher by (10.32%) at Rs. 243.65 while Mahindra & Mahindra the top loser down by (1.45%) at Rs. 149.80.

The BSE Mid cap is higher by 25.57 points at 2,910.60 and the BSE small Cap advanced by 25.54 points to trade at 3,368.74.

At 12.31 pm, BSE Sensex was at 9,440.30 up by 277.68 points while the NSE Nifty was at 2,878.65 up by 94.65 points.

BSE Auto inclined marginally by 9.33 points to 2,289.81. Leading to its gain are Hero Honda (1.59%), Mahindra & Mahindra (0.66%), Maruti Suzuki (0.18%) and MRF (1.49%).

BSE IT index inclined by 56.50 points to trade at 2,442.48 as Wipro (6.06%), Satyam Computer (3.96%), TCS (2.85%), Infosys Technologies (1.82%) and HCL Technologies (1.63%) are trading in positive.

BSE Metal index surged by 264.84 points at 5,043.06 as SAIL (9.96%), Sterlite Industries (8.98%), NALCO (7.68%), JSW Steel (7.15%) and Sesa Goa (5.50%) are trading in green.

BSE Bankex index is trading higher by 70.12 points at 4,857.97. Gainers are ICICI Bank (3.57%), HDFC Bank (2.67%), IDBI Bank (1.19%), PNB (0.84%) and SBI (0.67%).

BSE Oil & Gas index is trading 230.17 points higher at 5,751.76 as Gail India (6.79%), ONGC (5.40%), Essar Oil (3.44%), BPCL (3.02%) and Cairn India (2.73%) are trading in positive.

BSE Capital goods index advanced by 137.68 points to 6,667.07. The main gainers are L&T (2.88%), Gammon India (3.13%), Punj Lloyd (3.12%), Praj Industries (2.15%) and Havells India (2.62%).

BSE Power index is trading 33.32 points higher at 1,727.73. The main gainers are Suzlon Energy (7.25%), Reliance Power (2.55%), Tata Power (2.17%), NTPC (2.46%) and GVK Power (1.90%).

BSE Realty index improved by 111.59 points to 1,892.96. The major gainers are DLF (10.10%), HDIL (6.94%), India Bull Real (6.38%) and Unitech (3.81%).

Pre Session Market - Dec 10, 2008

2008-12-10T09:52:00.000+05:30

Today markets are likely to open positive due to the feel good factor after the stimulus package announced on Sunday. However the risk aversion and cautious trading may trap the markets in volatility. There are also news that the Indian BPO industry which is estimated to be worth $11 billion may cut 2.5 lakh jobs in the first half of 2009, if the government doesn’t come out with a bailout package for the industry. The other sectors like realty are also under pressure due to fall in demand and high interest rates. Therefore the overall sentiments in the markets are not that strong enough to bring firmness. One could anticipate some volatility in the markets throughout the trading session.

On Monday, the markets opened with a positive gap and managed to retain firmness till the end. The government stimulus package worth Rs 30,700 crore and other host of reforms in the form of Repo and Reverse Repo cut by 100bps to 6.5% and 5% respectively has helped regain some charm in the sentiments of the markets. Sectors like Auto and Banking are benefited the most and investors are optimistic about some revamp happening in the demand for loans and automobiles. Sensex and Nifty gained by 2.20% and 2.56%. Realty, Metal, CD, Power and Banking gained 5.27%, 3.05%, 2.78%, 2.78% and 1.71% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed with a gain of 197.42 points at 9,162.62 and NSE Nifty ended higher by 69.60 points at 2,784.00. The BSE Mid Caps ended with a marginal loss of 7.92 points at 2,885.03, whereas Small Caps ended with gains of 19.66 points at 3,343.20. The BSE Sensex touched intraday high of 9,432.11 and intraday low of 9,095.70.

On Tuesday, the US markets closed negative due to risk aversion. Companies like Texas instruments and Fedex have given downside earnings estimate. On the macro economic level pending home sales fell in October by 0.07%, better than expected fall of 3.0%. On the other hand Auto makers were on the limelight as the White House is working out towards a financial aid agreement. Crude oil on New York Mercantile Exchange for January fell by $1.64 cents to $42.07 a barrel. Crude oil fell after the U.S. Department of Energy predicted a $51.17 per barrel average for 2009.

The Dow Jones Industrial Average (DJIA) closed lower with 242.85 points at 8,691.33 NASDAQ index lost 24.40 points at 1,547.34 and the S&P 500 (SPX) also closed lower by 21.03 points to close at 888.67 points.

Indian ADRs ended mixed. In technology sector, Infosys lost by 3.71% and Wipro ended high by 2.15% followed by Satyam that lost 1.62% and Patni Computers closing low by 1.22%. In banking sector ICICI Bank lost 3.33%, while HDFC Bank fell by 4.35%. In telecommunication sector, Tata Communication inclined by 3.18%, while MTNL declined by 1.65%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 31.83 at 2,005.91 Hang Seng is high by 329.56 points at 15,082.78. Further Japan''s Nikkei is high by 95.68 points at 8,491.55. South Korea’s Seoul Composite is high by 31.90 points at 1,137.74.

The FIIs on Monday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 1,182.10 Crore and gross debt purchased stood at Rs 151.90 Crore, while the gross equity sold stood at Rs 1,130.90 Crore and gross debt sold stood at Rs 315.70 Crore. Therefore, the net investment of equity and debt reported were Rs 51.20 Crore and Rs (163.80) Crore respectively.

On Monday, the partially convertible rupee ended at 49.58/59 per dollar as against 49.57/58 on Friday last week. The rupee remained flat today little changed from the previous day.

On BSE, total number of shares traded was Rs 24.70 Crore and total turnover stood at Rs 3,243.32 Crore. On NSE, total volume of shares traded was Rs 58.34 Crore and total turnover was Rs 9,418.98 Crore.

Top traded volumes on NSE Nifty – Unitech with 74370515 shares, Suzlon Energy with total volume traded 32557379 shares, followed by DLF with 20190887 shares, SAIL with 17677935 shares and Tata Steel with 16184726 shares.

On NSE Future and Options, total number of contracts traded in index futures was 988891 with a total turnover of Rs 12,949.04 Crore. Along with this total number of contracts traded in stock futures were 864948 with a total turnover of Rs 9,008.09 Crore. Total numbers of contracts for index options were 1137017 with a total turnover of Rs 16,423.50 Crore and total numbers of contracts for stock options were 59516 and notional turnover was Rs 670.54 Crore.

Today, Nifty would have a support at 2,715 and resistance at 2,843 and BSE Sensex has support at 8,950 and resistance at 9,328.

Post Session Market - Dec 08, 2008

2008-12-08T16:44:00.000+05:30

The domestic market ended the day in positive despite giving up some of its gains in final trade due to the profit booking at higher levels. Market exhibited a good show during the trading session on stimulus package by the government and rate cut by the central bank. Positive European markets along with higher US index futures also contributed to the rally. The Government of India has announced Rs 20,000-crore fiscal stimulus package on December 7. The government has cut 4% ad valorem cenvat rate on non-petroleum products and will provide additional Rs 1,400 crore for textile upgradation fund. Exporters will get 2% interest subvention up to March ''09. The Reserve Bank of India has cut repo rate by 100 bps to 6.5% and reverse repo rate by 100 bps to 5%, both rates got effective from today.

The Indian market belled the day in pleasant note along with other Asian markets. Further, market continued to trade in positive terrain on strong buying across the board. The markets today got a boost on the back of the economic stimulus package announced by the government yesterday and also by the RBI move of cutting rates. Though, concern over the capability of the government budget to finance the stimulus along with profit booking, cooled off the bullish trend during final trading and market ended off the days high. From the sectoral front Reality remained in limelight as ended with gain of more than 5%. Apart from that, most of the buying was seen in Teck, Metal, Power, Capital Goods, Consumer Durables, PSU and Bank stocks. Some buying was also observed in Smallcap stocks. However, Pharma stocks were not able to gain market favor. Midcap stocks were also unable to hold the initial gains and ended down.

Among the Sensex pack 27 stocks ended in green territory and 3 in red. The market breadth was positive as 1384 stocks closed in green while 1016 stocks closed in red and 91 stocks remained unchanged.

The BSE Sensex closed higher by 197.42 points at 9,162.62 and NSE Nifty ended up by 69.60 points at 2,784. The BSE Small Caps ended with gains of 19.66 points at 3,343.20 while BSE Mid Caps ended with losses 7.92 points at 2,885.03. The BSE Sensex touched intraday high of 9,432.11 and intraday low of 9,095.70.

Gainers from the BSE Sensex pack are DLF Ltd (8.71%), Tata Steel (7.22%), Bharti Airtel (5.34%), HDFC (5.21%), Reliance Communication Ltd (4.97%), Wipro Ltd (4.91%), Reliance Infra (4.02%), JP Associates (3.47%), NTPC Ltd (3.19%), ICICI Bank (3.17%) and SBI (2.88%).

Losers from the BSE Sensex pack are Mahindra & Mahindra Ltd (1.57%), Tata Motors (0.72%) and Satyam Computer (0.33%).

The BSE Reality index ended up by (5.27%) or 89.18 points at 1,781.37. Major gainers are DLF Ltd (8.71%), Unitech Ltd (6.66%), Anant Raj (3.51%), Mahindra Life (2.39%), Parsvnath (2.39%) and Ansal Infra (1.54%).

The BSE Metal index ended higher by (3.05%) or 141.49 points at 4,781.22 as Tata Steel (7.22%), Nalco (5.49%), NMDC Ltd (4.57%), JSW Steel (4.06%), Steel Authority (3.77%) and Gujarat NRE C (2.13%) ended in positive territory.

The BSE Consumer Durables index advanced by (2.78%) or 46.14 points to close at 1,704.91. Main gainers are Videocon Ind (3.77%), Blue Star L (3.65%), Titan Ind (2.58%), Gitanjali GE (1.61%) and Rajesh Export (0.41%).

The BSE Power index surged (2.78%) or 45.82 points to close at 1,694.41 as NEyveli LIG (7.45%), Lanco Infra (5.82%), Suzlon Energy (5.66%), ABB Ltd (4.77%) and Seimens Ltd (4.12%) ended in green.

The BSE Teck index went up by (2.66%) or 51.02 points to close at 1,968.38. Main gainers are Tata Communication Ltd (6.08%), Bharti Airtel (5.34%), Reliance Communication Ltd (4.97%), Wipro Ltd (4.91%), NDTV Ltd (4.72%) and Aptech Ltd (4.31%.

The BSE Pharma index ended marginally down (0.07%) or 1.99 points at 2,821.44. Losers are Glenmark Pharma (10.00%), Lupin Ltd (4.24%), Cipla Health (2.79%), Sunpha Adv (2.16%), Dishman Pharma (2.15%) and Wockhardt Ltd (2.03%).

Mid Session Market - Dec 08, 2008

2008-12-08T12:49:00.000+05:30

The markets after a strong opening faced a little bit of volatility and slipped from the opening gains. But now the gripped some gains and are trading higher as strong buying continued across the board. The Realty, Power, Banking, Metal, Capital Goods and Oil & Gas are on the buyer’s ride today. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of around 1% each.

The BSE Sensex is now trading near the 9,300 mark and the NSE Nifty trading above the 2,800 mark.

The overall market breadth is positive as 1370 stocks are advancing while 742 stocks are declining and the 61 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading higher as Hang Seng, Seoul Composite, Nikkei and Shanghai Composite index are trading higher by (6.89%), (7.48%), (5.20%) and (2.05%) respectively.

Reliance Infra reported the top gainer from the BSE Sensex pack as it was trading higher by (6.60%) at Rs. 567.60 while Maruti Suzuki the top loser down by (0.84%) at Rs. 486.20.

The BSE Mid cap is higher by 20.57 points at 2,913.52 and the BSE small Cap advanced by 36.62 points to trade at 3,360.16.

At 12.31 pm, BSE Sensex was at 9,280.95 up by 315.75 points while the NSE Nifty was at 2,811.50 up by 98.10 points.

BSE Auto inclined by 44.44 points to 2,292.76. Leading to its gain are Hero Honda (4.46%), Bajaj Auto (4%), Mahindra & Mahindra (2.50%) and Tata Motors (1.89%).

BSE IT index inclined by 31.85 points to trade at 2,389.21 as Wipro (2.66%), TCS (1.88%), HCL Technologies (1.82%), Infosys Technologies (1.11%) and Tech Mahindra (0.79%) are trading in positive.

BSE Metal index surged by 155.52 points at 4,795.42 as NMDC (6.71%), Tata Steel (5.14%), JSW Steel (4.65%), Jindal Steel (4.42%) and NALCO (3.42%) are trading in green.

BSE Bankex index is trading higher by 162.10 points at 4,869.55. Gainers are HDFC Bank (6.23%), ICICI Bank (5.08%), SBI (3.04%), PNB (2.23%) and AXIS Bank (2.69%).

BSE Oil & Gas index is trading 117.77 points higher at 5,613.10 as Gail India (3.97%), RNRL (3.59%), Cairn India (2.94%), ONGC (2.55%) and RPL (2.55%) are trading in positive.

BSE Capital Goods index advanced by 186.11 points to 6,594.88. The main gainers are Bharat Electrical (5.09%), Havells India (3.13%), Gammon India (4.14%), L&T (3.73%) and ABB (3.95%).

BSE Power index is trading 48.22 points higher at 1,696.81. The main gainers are Suzlon Energy (8.02%), Tata Power (5.55%), Reliance Power (3.86%), GVK power (3.52%) and NTPC (3.94%).

BSE Realty index improved by 83.98 points to 1,776.17. The major gainers are Unitech (8.12%), HDIL (6.58%), DLF (6.10%) and Ansal Infra (5.76%).

Pre Session Market - Dec 08, 2008

2008-12-08T09:55:00.001+05:30

Today markets are likely to open positive on the back of fiscal stimulus announced by the government to help uplift the economy. RBI has also reduced the Repo and Reverse Repo rates by 100bps to 6.5% to 5% respectively. GOI has planned to pump in Rs 30,700 into the system to give the economy a boost in the current financial carnage happening around the world. Positive sentiments are likely to boost the morale of investors as a majority of measures have been taken to give a fillip to sectors worst affected. The Cenvat in Auto industry has been reduced by 4% which auto makers are planning to pass over the benefit to final consumers. One could anticipate some firm trend today amidst good feel factor.

On Friday, the markets opened positive, however during later trading session amidst extreme volatility it nose-dived into red. The markets moved 426.31 points showing extreme volatility in the southward and northward direction. The positive sentiments had pushed the markets in the green zone however the profit booking coupled with weak sentiments pulled the markets to low levels. Sensex and Nifty fell by 2.87% and 2.64%. CD, IT, Realty and Metal lost 4.37%, 4.36%, 3.50% and 3.42% respectively. During the trading session we expect the market to be trading firm with a positive trend.

The BSE Sensex closed with a loss of 264.55 points at 8,965.20 and NSE Nifty ended lower by 73.60 points at 2,714.40. The BSE Mid Caps and Small Caps ended with losses of 29.85 points and 8.26 points at 2,892.95 and 3,323.54. The BSE Sensex touched intraday high of 9,340.69 and intraday low of 8,914.38.

On Friday, the US markets closed positive despite the worst data of the job markets. The Federal Reserve has bought $5 billion of debt from Fannie Mae on the other hand General Motors and Chrysler is also asking congress for billion of dollars. The financial sector outperformed all other sectors throughout the session. On Saturday Crude oil on New York Mercantile Exchange for January rose by $1.67 to $42.48 a barrel. Crude oil rose for the first time in seven days in New York after the Organization of Petroleum Exporting Countries’ president said there was consensus for a “significant” production cut when the group meets next week.

The Dow Jones Industrial Average (DJIA) closed higher with 259.18 points at 8,635.42 NASDAQ index gained 63.75 points at 1,509.31 and the S&P 500 (SPX) also closed higher by 30.85 points to close at 876.07 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 3.80% and Wipro ended high by 4.71% followed by Satyam that gained 4.08% and Patni Computers closing high by 1.27%. In banking sector ICICI Bank gained 4.11%, while HDFC Bank rose by 9.65%. In telecommunication sector, Tata Communication declined by 1.58%, while MTNL declined by 4.45%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 53.18 at 2,071.83 Hang Seng is high by 991.41 points at 14,837.50. Further Japan''s Nikkei is high by 381.05 points at 8,298.56. South Korea’s Seoul Composite is high by 53.57 points at 1,081.7.

The FIIs on Friday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 1779.50 Crore and gross debt purchased stood at Rs 897.50 Crore, while the gross equity sold stood at Rs 1,331.20 Crore and gross debt sold stood at Rs 255.70 Crore. Therefore, the net investment of equity and debt reported were Rs 448.30 Crore and Rs 641.70 Crore respectively.

On Friday, the partially convertible rupee ended at 49.57/58 per dollar, 0.6% stronger than Thursday’s close of 49.87/89. The rupee gained on expectations of rate cut.

On BSE, total number of shares traded was Rs 29.08 Crore and total turnover stood at Rs 3,755.84 Crore. On NSE, total volume of shares traded was Rs 67.30 Crore and total turnover was Rs 9,731.09 Crore.

Top traded volumes on NSE Nifty – Unitech with 101482509 shares, Suzlon Energy with total volume traded 45979606 shares, followed by ICICI Bank with 21857882 shares, DLF with 15536364 shares and SAIL with 15493951 shares.

On NSE Future and Options, total number of contracts traded in index futures was 975827 with a total turnover of Rs 12,348.65 crores. Along with this total number of contracts traded in stock futures were 988643 with a total turnover of Rs 9,410.58 Crore. Total numbers of contracts for index options were 1007387 with a total turnover of Rs 14,366.79 Crore and total numbers of contracts for stock options were 58779 and notional turnover was Rs 582.83 Crore.

Today, Nifty would have a support at 2,648 and resistance at 2,859 and BSE Sensex has support at 8,920 and resistance at 9,549.

Post Session Market - Dec 05, 2008

2008-12-05T16:43:00.000+05:30

The Indian market retreated from Thursday’s strong rally to end the day with losses. The market was downbeat on fears of weakening global economy along with negative European markets and media reports of a shootout at New Delhi''s international airport. Cues from the markets all over the world were weak on expected deterioration in the US job market due to the planned job cuts. Initial claims for the week ended November 29 declined by 21,000 to 509,000.

Domestic markets opened in red tracking negative cues from the US markets. Soon after opening market gained some ground on expectation of stimulus package but was not able to hold the momentum and sentiments again turned weak. Further market continued to trade in red terrain with volatility. Benchmark Indices extended their losses till end on significant selling pressure over the counters.

The investors are eyeing at the RBI’s meeting as it is expected that central bank could lower the interest rates and announce a stimulus plan to give a boost to the economy. NSE Nifty managed to close around 2,700 mark and BSE Sensex slipped below 9,000 level. From the sectoral front, Consumer Durables and IT counters witnessed heavy selling pressure and ended with a deep cut of more than 4%. Along with this, profit booking was also visible in Reality, Metal, Oil & Gas, Teck, PSU and Bank stocks. However, Auto index was able to gain favor from the market.

The investors are eyeing at the RBI''s meeting on December 06 (Saturday) as it is expected that central bank could lower the interest rates and announce a stimulus plan to give a boost to the economy. RBI is expected to cut Repo and Reverse Repo rates in an attempt to safeguard the domestic economy against the global economic slowdown. Besides this, the government is likely to announce an export package, a further relaxation in external commercial borrowing norms and a package for infrastructure.

Among the Sensex pack 25 stocks ended in red territory and 5 in green. The market breadth was negative as 1104 stocks closed in green while 985 stocks closed in red and 71 stocks remained unchanged.

The BSE Sensex closed lower by 264.55 points at 8,965.20 and NSE Nifty ended down by 73.60 points at 2,714.40. The BSE Mid Caps and BSE Small Caps ended with losses of 29.85 and 8.26 points at 2,892.95 and 3,323.54 respectively. The BSE Sensex touched intraday high of 9,340.69 and intraday low of 8,914.38.

Losers from the BSE Sensex pack are JP Associates (6.62%), TCS Ltd (5.10%), Infosys Tech (4.94%), DLF Ltd (4.87%), HDFC (4.84%), Hindalco (4.78%), Sterlite Industries (4.69%), Reliance (3.51%), Satyam Computer (3.50%), ONGC Ltd (2.91%) and Bharti Airtel (2.90%).

Gainers from the BSE Sensex pack are Tata Motors (1.46%), Gradim Industries (1.01%), Maruti Suzuki (0.56%), Reliance Communication Ltd (0.15%) and ACC Ltd (0.04%).

The BSE Consumer Durables index lost (4.37%) or 75.76 points to close at 1,658.77. Main losers are Titan Ind (5.34%), Videocon Ind (4.57%), Blue Star L (3.71%) and Gitanjali GE (2.08%).

The BSE IT index dropped by (4.36%) or 107.38 points to close at 2,357.36. Losers are Rolta India (6.02%), TCS Ltd (5.10%), Infosys Tech (4.94%), Aptech Ltd (3.98%), Satyam Computer (3.50%) and Mphasis Ltd (3.31%).

The BSE Reality index ended down by (3.50%) or 61.46 points at 1,692.19. Major losers are Indiabull Real (5.69%), Anant Raj (5.49%), DLF Ltd (4.87%), Housing Dev (4.55%), Akruti City (3.14%) and Sobha Dev (2.55%).

The BSE Metal index ended lower by (3.42%) or 164.18 points at 4,639.73 as Welspan Gujarat SR (6.14%), Steel Authority (6.09%), Jai Corp Ltd (5.57%), Jindal Saw (5.53%), Hindalco (4.78%) and Sterlite Industries (4.69%) ended in negative territory.

The BSE Oil & Gas index lost (3.30%) or 187.35 points to close at 5,495.33. Losers are HPCL (6.51%), BPCL (6.25%), Reliance Natural Resources (4.24%), Cairn Ind (3.94%), IOC (3.63%) and Reliance (3.51%).

The BSE Auto index gained (0.23%) or 5.21 points to close at 2,248.32 as Hero Honda Motors (1.54%), Tata Motors (1.46%), Bajaj Auto (1.30%), Maruti Suzuki (0.56%), Ashok Leyland (0.14%) and Bharat Forge (0.06%) ended in red.

Mid Session Market - Dec 05, 2008

2008-12-05T12:52:00.000+05:30

The markets after shedding all of its early gains now slipped below to trade in the negative territory. The huge selling pressure witnessed among the selective scrips mainly led by the IT, Metal, Consumer Durables, Oil & Gas, Power and Banking stocks. However, some bit of buying witnessed among the auto stocks. The BSE Mid Cap and the BSE Small Cap index are however trading flat.

The BSE Sensex is now trading around the 9,000 mark and the NSE Nifty trading above the 2,700 mark.

The overall market breadth is positive as 889 stocks are advancing while 834 stocks are declining and the 72 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Hang Seng, Straits Times and Seoul Composite index are trading higher by (2.07%), (1.39%) and (2.14%) respectively. However, the Shanghai Composite, Nikkei and KLSE Composite index are trading lower by (0.51%), (0.08%) and (0.08%) respectively.

Tata Motors reported the top gainer from the BSE Sensex pack as it was trading higher by (2.45%) at Rs. 154.60 while Infosys Technologies the top loser down by (4.78%) at Rs. 1,137.65.

The BSE Mid cap is lower by 7.60 points at 2,915.20 while the BSE small Cap advanced by 3.40 points to trade at 3,335.20.

At 12.31 pm, BSE Sensex was at 9,048.81 down by 180.94 points while the NSE Nifty was at 2,739.60 down by 48.40 points.

BSE Auto inclined by 20.06 points to 2,263.17. Leading to its gain are Tata Motors (2.25%), Hero Honda (1.58%), Bajaj Auto (0.98%) and Ashok Leyland (0.72%).

BSE IT index declined by 98.70 points to trade at 2,366.04 as Infosys Technologies (4.83%), TCS (4.05%), Satyam Computer (3.89%), Wipro (2.80%) and Mphasis (2.35%) are trading in negative.

BSE Metal index dropped by 68.44 points at 4,735.47 as Hindalco Industries (4.11%), Jindal Saw (4.01%), Tata Steel (3.09%), SAIL (3.19%) and Sterlite Industries (2.39%) are trading in red.

BSE Bankex index is trading marginally lower by 0.59 points at 4,802.78. Losers are ICICI Bank (2.46%), Bank of India (1.74%), AXIS Bank (1.55%), IDBI Bank (1.34%), SBI (1.09%) and PNB (0.94%).

BSE Oil & Gas index is trading 76.59 points lower at 5,606.09 as HPCL (4.92%), BPCL (3.80%), Indian Oil (3.71%), RNRL (1.83%) and Cairn India (1.54%) are trading in negative.

BSE Capital goods index slipped by 66.61 points to 6,440.37. The main losers are Praj Industries (6.02%), L&T (2.09%), Punj Lloyd (1.51%), BHEL (1.31%) and ABB (0.57%).

BSE Power index is trading 12.48 points lower at 1,663.95. The main losers are GVK Power (1.06%), Reliance Power (0.97%), Tata Power (0.68%), Power Grid (0.51%) and Torent Power (0.28%).

BSE Realty index declined by 9.36 points to 1,744.39. The major losers are India Bull Real (1.55%), Omaxe Ltd. (1.17%), DLF (1.08%) and Penland (0.55%).

Pre Session Market - Dec 05, 2008

2008-12-05T09:54:00.000+05:30

Today markets are likely to open positive after yesterday’s firm trend. However during the later trading session one may witness some volatility amidst profit booking. The sentiments are not that too strong or firm to hold the bullishness. SEBI on the other hand has given specific notes for insider trading and also asked MFs to list the close ended schemes. On the macro economic front the NMDC has reduced the iron ore prices by 25% in order to boost the demand and maintain good business. The present scenario suggests a good feel factor for the markets due to government’s intervention to pump liquidity and safe guard the downturn.

OnThursday, the markets opened with nervous note but later picked high to close with phenomenal gains. The positive momentum came after there were anticipations about rate cuts form RBI along with new ECB norms that would bring influx of liquidity into the system. Despite poor performance in the European and other Asian markets, Sensex and Nifty managed to remain firm till the end. Sensex gained 5.51% whereas Nifty surged 4.95%. Realty, Metal, CG and Oil & Gas gained 12.44%, 7.93% and 6.91% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed with a phenomenal gain of 482.32 points at 9,229.75 and NSE Nifty ended higher by 131.55 points at 2,788.00. The BSE Mid Caps and Small Caps ended with gains of 92.21 points and 66.70 points at 2,922.80 and 3,331.80. The BSE Sensex touched intraday high of 9,245.06 and intraday low of 8,726.71.

On Thursday, the US markets closed in red territory. Energy suffered the steepest decline among the major economic sectors. It dropped 6.2% as oil also fell as much as 7.3% to trade as low as $43.36 per barrel. It has been nearly four years since oil futures traded so low. On the other hand the planned job cuts reflect the weak labor market. Initial claims for the week ended November 29 declined by 21,000 to 509,000. Though that was better than the consensus estimate of 540,000 claims, continuing claims jumped 89,000 to 4.09 million. Crude oil on New York Mercantile Exchange for January fell by $3.12 to $43.67 a barrel. It is the first time in 4 years on the back of demand worries amid an economy in recession.

The Dow Jones Industrial Average (DJIA) closed lower by 215.45 points at 8,376.24 NASDAQ index lost 46.82 points at 1,445.56 and the S&P 500 (SPX) also closed lower by 25.52 points to close at 845.22 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by 5.45% and Wipro ended low by 6.46% followed by Satyam that lost 6.96% and Patni Computers closing low by 2.98%. In banking sector ICICI Bank gained 0.36%, while HDFC Bank fell by 1.23%. In telecommunication sector, Tata Communication inclined by 1.29%, while MTNL declined by 3.63%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 7.16 at 1,994.34 Hang Seng is high by 301.66 points at 13,810.84. Further Japan''s Nikkei is high by 71.07 points at 7,995.31. Straits Times is also trading high by 24.80 points at 1,668.48 and South Korea’s Seoul Composite is high by 21.85 points at 1,028.39.

The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 875.50 Crore and gross debt purchased stood at Rs 174.50 Crore, while the gross equity sold stood at Rs 1,362.10 Crore and gross debt sold stood at Rs 193.60 Crore. Therefore, the net investment of equity and debt reported were Rs (486.60) Crore and Rs (19.10) Crore respectively.

On Thursday, the partially convertible rupee ended at 49.87/89 per dollar, 0.2% stronger than Wednesday’s close of 49.99/50. The rupee gathered strength as the rally on stock markets raised hopes of foreign capital inflows.

On BSE, total number of shares traded was Rs 30.02 Crore and total turnover stood at Rs 3,747.69 Crore. On NSE, total volume of shares traded was Rs 67.88 Crore and total turnover was Rs 9,712.84 Crore.

Top traded volumes on NSE Nifty – Unitech with 95421116 shares, Suzlon Energy with total volume traded 51179906 shares, followed by SAIL with 19350395 shares, DLF with 16145192 shares and Tata Steel with 12974753 shares.

On NSE Future and Options, total number of contracts traded in index futures was 897780 with a total turnover of Rs 11,303.93 crores. Along with this total number of contracts traded in stock futures were 977469 with a total turnover of Rs 9,094.49 Crore. Total numbers of contracts for index options were 926356 with a total turnover of Rs 13,082.6 Crore and total numbers of contracts for stock options were 66266 and notional turnover was Rs 642.91 Crore.

Today, Nifty would have a support at 2,728 and resistance at 2,879 and BSE Sensex has support at 8,990 and resistance at 9,455.

Post Session Market - Dec 04, 2008

2008-12-04T16:42:00.000+05:30

The domestic market today reported handsome gains due to the further fall in inflation numbers to 8.40% for the week ended 22nd November 2008 that raised strong hopes of rate cut. Market is also expecting around Rs.15,000 crore by the government to support infrastructure sector along with measures for the housing, auto and export sectors. Benchmark indices sparked mostly after mid session on strong buying interest. Positive cues from the equity markets across Europe also added to the sentiments. BSE Sensex breached 9,000 mark and extended gains to more than 5%. Along with this, NSE Nifty extended gains to more than 4% and crossed 2,700 level

Market opened slightly higher but suddenly turned choppy. Further market managed to gain ground and took sharp turn form days low on strong buying witnessed among the selective scrips. Stocks extended their gains and continued to add momentum on eased inflation and hopes of stimulus package. From the sectoral front, all indices ended in green and Realty stocks were back in action as ended with increase of more than 12% on expectaion of stimulus package for the sector as the sector was severely hit by the effect of financial crisis and high. interest rates. Apart from that, most of the buying was seen in Metal, Capital Goods, Oil & Gas, Power, Bank and PSU stocks. Midcap and Smallcap stocks were also on buyers radar.

Among the Sensex pack all 30 stocks ended in green territory. The market breadth was positive as 1503 stocks closed in green while 668 stocks closed in red and 60 stocks remained unchanged.

The BSE Sensex closed higher by 482.32 points at 9,229.75 and NSE Nifty ended up by 131.55 points at 2,788. The BSE Mid Caps and BSE Small Caps ended with gains of 92.21 and 66.70 points at 2,992.80 and 3,331.80 respectively. The BSE Sensex touched intraday high of 9,245.06 and intraday low of 8,726.71.

Gainers from the BSE Sensex pack are Tata Steel (13.84%), JP Associates (13.77%), Tata Motors (13.29%), DLF Ltd (11.28%), Sterlite Industries (9.90%), ICICI Bank (8.75%), Reliance (8.40%), L&T Ltd (8.32%), Reliance Infra (7.46%),BHEL (6.93%), HDFC (6.76%), ACC Ltd (6.60%), SBI (6.55%) and Tata Power (5.57%).

There is no loser from the BSE Sensex pack.

Inflation rate stood at 8.40% for the week ended November 22 2008, against 8.84% in the previous week. Inflation slipped for the fourth week in a row due to a fall in prices of petroleum fuels. The decline has raised hopes for further cut in key rates by the RBI. The annual inflation rate was 3.11 percent during the corresponding week the previous year.

The government is expected to reveal a motivation package on December 07 2008, for housing, auto and export sectors and announce Rs 15,000 crore as budgetary support for infrastructure sector. The package may include a Rs 2,000 crore package for exporters, cut in excise duty on commercial vehicles and line of credit for housing and auto.

The BSE Reality index ended higher by (12.44%) or 193.96 points at 1,753.65. Major gainers are Anant Raj (20.00%), Housing Dev (18.47%), Orbit Co (18.20%), Unitech Ltd (15.46%), Parsvnath (12.46%) and Housing Dev (11.28%).

The BSE Metal index surged (7.93%) or 352.87 points to close at 4,803.91. Gainers are JSW Steel (19.50%), Tata Steel (13.84%), Welspan Gujarat SR (11.33%), Sterlite Industries (9.90%), Steel Authority (9.03%) and Jai Corp Ltd (6.27%).

The BSE Capital Goods index went up by (6.91%) or 420.40 points to close at 6,506.98. Gainers are Suzlon Energy (10.24%), Praj Industries (8.93%), L&T Ltd (8.32%), Usha Martin (7.95%), Alstom Proje (7.72%) and Walchand In (7.27%).

The BSE Oil & Gas index advanced by (5.86%) or 314.77 points to close at 5,682.68. Major gainers are Reliance (8.40%), Reliance Natural Resources (6.60%), Aban Offshore (3.60%), ONGC Ltd (3.48%), Cairn Ind (3.40%) and Reliance Petroleum (3.37%).

The BSE Power index gained (5.70%) or 90.38 points to close at 1,676.43 as GMR Infra (12.08%), Suzlon Energy (10.24%), Lanco Infra (10.08%), Reliance Infra (7.46%), BHEL (6.93%) and Crompton Greaves (6.30%) ended in green.

The BSE Bank index ended up by (5.64%) or 256.36 points at 4,803.37 as Yes Bank (10.91%), ICICI Bank (8.75%), Kotak Bank (8.01%), Indus Ind Bank (7.38%), SBI (6.55%) and Axis Bank (5.14%) ended in positive territory.

Mid Session Market - Dec 04, 2008

2008-12-04T12:49:00.000+05:30

The markets have made a sudden U turn from the day’s low and are trading significantly higher as strong buying witnessed among the selective scrips. The Realty, Capital Goods, Banking, Power, Oil & Gas, FMCG and Metal stocks are on the buyer’s ride today. However, the Consumer Durables and the Pharma stocks are trading lower. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of more than 1% each. The Realty stocks got a boost on reprts that the government may provide an additional budgetary support for infrastructure sector of around Rs 15,000 crore.

The BSE Sensex is now trading above the 8,900 mark and the NSE Nifty trading above the 2,700 mark.

The overall market breadth is positive as 1158 stocks are advancing while 616 stocks are declining and the 64 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Shanghai Composite, Straits Times and KLSE Composite index are trading higher by (2.98%), (1.11%) and (0.21%) respectively. However, the Hang Seng and Seoul Composite index are trading lower by (0.09%) and (1.58%).

Tata Motors reported the top gainer from the BSE Sensex pack as it was trading higher by (5.71%) at Rs. 140.80 while Hindalco Industries the top loser down by (2.84%) at Rs. 49.55.

The BSE Mid cap is higher by 33.28 points at 2,863.87 and the BSE small Cap advanced by 33.54 points to trade at 3,298.64.

At 12.31 pm, BSE Sensex was at 8,950.81 up by 203.38 points while the NSE Nifty was at 2,716.85 up by 60.40 points.

BSE IT index inclined by 35.55 points to trade at 2,435.64 as Tech Mahindra (2.75%), TCS (2.15%), Patni Computer (1.86%), Wipro (1.68%) and Infosys Technologies (0.98%) are trading in positive.

BSE Metal index increased by 43.67 points at 4,494.71 as JSW Steel (6.13%), NMDC (3.34%), Sesa Goa (2.82%), Tata Steel (2.31%) and Ispat Industries (1.29%) are trading in green.

BSE Bankex index is trading higher by 131.96 points at 4,678.97. Gainers are SBI (4.20%), ICICI Bank (3.82%), AXIS Bank (3.49%), PNB (3.02%), Kotak Bank (2.60%) and IDBI Bank (2.29%).

BSE Oil & Gas index is trading 69.90 points higher at 5,437.81 as Aban Offshore (1.94%), Indian Oil (1.87%), HPCL (1.73%), Essar Oil (1.60%) and BPCL (1.42%) are trading in positive.

BSE Capital goods index surged by 203.35 points to 6,289.93. The main gainers are BHEL (4.43%), Havells India (4.03%), L&T (3.02%), Punj Lloyd (3.22%) and Praj Industries (2%).

BSE Power index is trading 44.85 points higher at 1,630.90. The main gainers are Suzlon Energy (6.65%), Tata Power (2.53%), NTPC (1.64%), Torent Power (1.44%) and GVK Power (1.71%).

BSE Realty index advanced by 53.97 points to 1,613.66. The major gainers are HDIL (7.25%), Parsavnath (4.93%), India Bull Real (3.15%), Unitech (3.05%) and Sobha Developers (2.97%).

BSE Auto inclined by 21.59 points to 2,194.70. Leading to its gain are Tata Motors (5.97%), Bajaj Auto (3.26%), Ashok Leyland (2.46%) and Mahindra & Mahindra (1.13%).

Pre Session Market - Dec 04, 2008

2008-12-04T09:55:00.000+05:30

Today Markets are likely to open positive as US markets have ended in green and major other Asian Markets have opened with remarkable gains. Today inflation numbers are anticipated to be moderate and favourable. The government has also announced a bail out package of Rs 17,000 crore for the infrastructure and export oriented units. Further the auto sector is also on the list of consideration hence one could see the cut in excise duty. The RBI may also cut the repo and other rates to pump liquidity into the markets and also ease off the ECB norms. On the midst of positive scenario, today the markets may trade with a positive momentum; however one cannot completely ignore the volatility to creep in at later trading session.

On Wednesday, the markets opened positive but turned volatile. There was not enough support from the bulls as the sentiments looked very weak despite positive cues from Asian and European markets. The volatility continued throughout the session however towards the end Sensex and Nifty closed flat. Metal and Realty picked up 3.39% and 3.34% however IT and Tech fell by 3.08% and 2.16% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed high by 8.19 points at 8,747.43 and NSE Nifty ended lower by 1.35 points at 2,656.45. The BSE Mid Caps and Small Caps ended with gains of 25.26 points and 12.69 points at 2,830.59 and 3,265.10. The BSE Sensex touched intraday high of 8,8541.81 and intraday low of 8,601.41.

On Wednesday, the US markets closed with phenomenal gains. The mortgage applications are rising as rates have come down. The Fed’s Beige book also indicates some signs of improvement in lending. The Non-farm private employment dropped by 2,50,000 in November. The homebuilders have also shown some strength as the government has planned to utilize the $500 billion to support the mortgage market. Crude oil on New York Mercantile Exchange for January fell by 17 cents to $46.79 a barrel. A report from the Energy Information Administration showed a surprise drop of 400,000 barrels of crude oil stockpiles.

The Dow Jones Industrial Average (DJIA) closed higher by 270 points at 8,419.09 NASDAQ index gained 51.73 points at 1,449.80 and the S&P 500 (SPX) also closed higher by 32.60 points to close at 848.81 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by 0.90% and Wipro ended high by 1.95% followed by Satyam that gained by 2.43% and Patni Computers closing high by 0.35%. In banking sector ICICI Bank gained 5.61%, while HDFC Bank gained 2.60%. In telecommunication sector, Tata Communication inclined by 6.82%, while MTNL inclined by 1%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 68.01 at 2,033.42 Hang Seng is high by 179.22 points at 13,767.88. Further Japan''s Nikkei is low by 76.36 points at 7,927.74. Straits Times is also trading high by 25.56 points at 1,666.13 and South Korea’s Seoul Composite is low by 6.62 points at 1,016.05.

The FIIs on Wednesday stood as net sellers in equity and net buyers in debt. Gross equity purchased stood at Rs 855.90 Crore and gross debt purchased stood at Rs 401.90 Crore, while the gross equity sold stood at Rs 1175.50 Crore and gross debt sold stood at Rs 166.40 Crore. Therefore, the net investment of equity and debt reported were Rs (319.60) Crore and Rs 235.50 Crore respectively.

On Wednesday, the partially convertible rupee ended at 50.00/02 per dollar, 0.15 paise stronger than Tuesday’s close of 50.15/16. The rupee gained some strength on anticipations of foreign capital inflow due to rising Asian Markets.

On BSE, total number of shares traded was Rs 22.57 Crore and total turnover stood at Rs 2,955.08 Crore. On NSE, total volume of shares traded was Rs 52.84 Crore and total turnover was Rs 8,286.23 Crore.

Top traded volumes on NSE Nifty – Unitech with 70848820 shares, Suzlon Energy with total volume traded 27667581 shares, followed by DLF with 13565653 shares, NTPC with 12503705 shares and ICICI Bank with 10538908 shares.

On NSE Future and Options, total number of contracts traded in index futures was 970593 with a total turnover of Rs 11,786.62 crores. Along with this total number of contracts traded in stock futures were 834014 with a total turnover of Rs 8,103.39 Crore. Total numbers of contracts for index options were 947849 with a total turnover of Rs 13,209.56 Crore and total numbers of contracts for stock options were 46322 and notional turnover was Rs 506.66 Crore.

Today, Nifty would have a support at 2,595 and resistance at 2,700 and BSE Sensex has support at 8,590 and resistance at 8,915.

Post Session Market - Dec 03, 2008

2008-12-03T16:35:00.000+05:30

The domestic market ended the day in flat note after trading in a lackluster manner for throughout of session. Market tried to recover from lower level during the trading but was unable to hold the momentum. Concerns for the weakening global economy fueled to the negative attitudes. Reports that the government is considering various options including a strike on Pakistan’s terror bases in response to the recent Mumbai terror attacks, also weighted on the sentiments.

The Indian market belled the day in positive note on the back of gains in overseas market, after a reporting a fall in previous session. But market lost its momentum soon after start and turned choppy. Further, the benchmark indices continued to roll between positive and negative territory despite rally in Asian indices. Concern for the impact of US recession along with negative European markets contributed to the downward journey.

Alternatively, market is expecting that the government is likely to announce a series of measures to boost economic activity. From the sectoral front Metal, Reality, consumer Durables, Bank, PSU and Capital Goods stocks supported the market. Some buying was also seen in Midcap and Smallcap stocks. While, IT, Teck, Oil & Gas and Pharma stocks remained under pressure.

Among the Sensex pack 15 stocks ended in red territory and 15 in green. The market breadth was positive as 1180 stocks closed in green while 930 stocks closed in red and 78 stocks remained unchanged.

The BSE Sensex closed marginally higher by 8.19 points at 8,747.43 while NSE Nifty ended slightly down by 1.35 points at 2,656.45. The BSE Mid Caps and BSE Small Caps ended with gains of 25.26 and 12.69 points at 2,830.59 and 3,265.10 respectively. The BSE Sensex touched intraday high of 8,854.81 and intraday low of 8,601.41.

Gainers from the BSE Sensex pack are Tata Steel (10.80%), JP Associates (8.04%), Maruti Suzuki (6.94%), SBI (5.50%), DLF Ltd (5.44%), Tata Motors (3.74%), ICICI Bank (3.44%), Reliance Infra (3.09%), HDFC (1.62%) and L&T Ltd (1.61%).

Losers from the BSE Sensex pack are Infosys Tech (4.29%), Wipro Ltd (4.23%), M&M Ltd (2.80%), RCom (2.29%), Hindalco (1.92%), ONGC Ltd (1.76%), ACC Ltd (1.73%), Satyam Computer (1.27%), Bharti Airtel (1.07%) and NTPC Ltd (0.72%).

The BSE Metal index ended higher by (3.39%) or 146.14 points at 4,451.04 as Tata Steel (10.80%), NMDC Ltd (7.41%), JSW Steel (4.56%), Jindal Steel (4.46%), Jai Corp Ltd (3.73%) and Ispat Industries (2.54%) ended in positive territory.

The BSE Reality index ended up by (3.34%) or 50.42 points at 1,559.69. Major gainers are Anant Raj (10.94%), DLF Ltd (5.44%), Parsvnath (4.86%), Housing Dev (4.21%), Penland Ltd (2.73%) and Unitech Ltd (1.75%).

The BSE Consumer Durables index gained (2.70%) or 45.30 points to close at 1,713.78. Main gainers are Gitanjali GE (4.44%), Videocon Ind (4.27%), Titan Ind (4.16%) and Rajesh Export (1.27%).

The BSE IT index dropped by (3.08%) or 76.09 points to close at 2,400.09. Losers are HCL Tech (4.43%), Infosys Tech (4.29%), Wipro Ltd (4.23%), Finance Tech (3.49%), NIIT Ltd (2.77%) and Patni Computer (2.77%).

The BSE Teck index plunged by (2.16%) or 42.34 points to close at 1,918.77 as HCL Tech (4.43%), Infosys Tech (4.29%), IBN18 (4.28%), Wipro Ltd (4.23%), Finance Tech (3.49%) and Idea Cell (3.34%) ended in red.

The BSE Oil & Gas index lost (0.56%) or 25.96 points to close at 5,367.91. Losers are ONGC Ltd (1.76%), BPCL Ltd (1.13%), Reliance Petroleum (0.70%) and Reliance (0.48%).

Mid Session Market - Dec 03, 2008

2008-12-03T12:58:00.000+05:30

The markets are now trading higher with a little bit of volatility. The market though tries to gain some momentum but some profit booking is seen at higher levels. The buying is seen among the Metal, Realty, Banking and Capital Goods tocks. However, IT, FMCG and Oil & Gas stocks are trading marginally lower. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of around 1% each.The BSE Sensex is now trading near the 8,800 mark and the NSE Nifty trading above the 2,650 mark. The overall market breadth is positive as 1054 stocks are advancing while 722 stocks are declining and the 61 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Hang Seng, Nikkei, Shanghai Composite and Straits Times index are trading higher by (2.20%), (1.79%), (3.37%) and (0.91%) respectively. However, the KLSE Composite and Seoul Composite index are trading lower by (0.32%) and (0.05%).

Tata Steel reported the top gainer from the BSE Sensex pack as it was trading higher by (8.07%) at Rs. 160.65 while Wipro the top loser down by (1.87%) at Rs. 228.50.

The BSE Mid cap is higher by 38.15 points at 2,843.48 and the BSE small Cap advanced by 21.83 points to trade at 3,274.24.

At 12.31 pm, BSE Sensex was at 8,787.48 up by 48.24 points while the NSE Nifty was at 2,669.70 up by 11.90 points.

BSE IT index declined by 40.11 points to trade at 2,436.17 as HCL Technologies (4.99%), Wipro (2.19%), Infosys Technologies (2.13%), Satyam Computer (1.52%) and Patni Computer (1.29%) are trading in negative.

BSE Metal index surged by 154.56 points at 4,459.46 as NMDC (12.12%), Jindal Steel (6.56%), Tata Steel (7.43%), JSW Steel (4.98%) and Ispat Industries (3.96%) are trading in green.

BSE Bankex index is trading higher by 70.31 points at 4,506.58. Gainers are SBI (2.75%), PNB (2.60%), IDBI Bank (3.25%), ICICI Bank (2.39%) and AXIS Bank (1.52%).

BSE Oil & Gas index is trading 32.96 points lower at 5,364.91 as ONGC (1.81%), HPCL (0.38%), Cairn India (0.30%) and Reliance (0.26%) are trading in negative.

BSE Capital goods index advanced by 57.90 points to 6,079.39. The main gainers are Bharat Electrical (4.25%), Punj Lloyd (2.57%), L&T (1.56%), Praj Industries (1.37%) and Siemens (1.04%).

BSE Power index is trading 4.36 points higher at 1,581.99. The main gainers are Suzlon Energy (4.61%), GVK Power (2.61%), Reliance Power (0.76%), Torent Power (0.95%) and Power Grid (0.34%).

BSE Realty index improved by 27.96 points to 1,537.23. The major gainers are Parsavnath (6.08%), Omaxe (5.19%), HDIL (4.48%), Unitech (2.91%) and DLF (2.66%).

BSE Auto inclined marginally by 1.33 points to 2,156.08. Leading to its gain are Maruti Suzuki (2.31%), Tata Motors (1.75%), Bajaj Auto (0.83%) and Ashok Leyland (0.45%).

Pre Session Market - Dec 03, 2008

2008-12-03T09:48:00.000+05:30

Today Markets are likely to open with a positive gap as US markets have rolled back into phenomenal gains and Asian markets are also moving positive. The consecutive fall in the markets are now likely to pare off losses and gain some momentum during the day’s trading. However volatility may creep during the later trading session amidst profit booking and cautious sentiments. On the macro economic front, there are anticipations that the government may reduce the interest rates and bring some incentives to propel the exports. The current political drama in the country may not hamper the market sentiments to that extent but any major political news could influence.

On Tuesday, the markets opened with a negative gap as anticipated due to global markets meltdown. The fall in the markets was inevitable due to the fact that US recession was officially stated. Throughout the day markets were looming in deep red until the evening session when it managed to pair off some losses. The Asian and European markets also traded with weak sentiments due to US economy concerns. The Sensex closed with a loss of 1.14% whereas, Nifty shed 0.94% respectively. Auto, CD, Oil & Gas and IT fell by 3.04%, 2.61%, 2.45% and 2.27% respectively. During the trading session we expect the market to be trading in green.

The BSE Sensex closed low by 100.63 points at 8,739.24 and NSE Nifty ended lower by 25.10 points at 2,657.80. The BSE Mid Caps and Small Caps ended with losses of 41.14 points and 45.32 points at 2,805.33 and 3,252.41. The BSE Sensex touched intraday high of 8,785.04 and intraday low of 8,467.43.

On Tuesday, the US markets rolled back to end in green. After a brutal hack on Monday the US markets gained some momentum. General Electric performed well as the company’s fourth quarter earnings is anticipated to be better than expected. General Motors also gained on the back of news that the company has asked for a bail out plan of $12 billion term loan and $6 billion of credit in case the downturn persist. The Fed has also stated that it would extend three liquidity facilities through April 30, 2009 to liquidate the shrunken financial market. Crude oil on New York Mercantile Exchange for January fell by $2.32 to $46.96 a barrel. Investors are of the fear that the world wide recession would bring down the oil consumption and demand to low levels.

The Dow Jones Industrial Average (DJIA) closed higher by 270 points at 8,419.09 NASDAQ index gained 51.73 points at 1,449.80 and the S&P 500 (SPX) also closed higher by 32.60 points to close at 848.81 points.

Indian ADRs ended in green. In technology sector, Infosys gained by 3.47% and Wipro ended high by 3.09% followed by Satyam that ended gained by 4.49% and Patni Computers closing high by 4.80%. In banking sector ICICI Bank gained 7.14%, while HDFC Bank gained 6.08%. In telecommunication sector, Tata Communication inclined by 1.73%, while MTNL inclined by 5.63%.

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 26.26 at 1,915.90 Hang Seng is high by 241.63 points at 13,647.48. Further Japan''s Nikkei is high by 77.29 points at 7,940.98. Straits Times is also trading high by 24.38 points at 1,663.56 and South Korea’s Seoul Composite is high by 0.46 points at 1,023.66.

The FIIs on Tuesday stood as net buyer in equity and net sellers in debt. Gross equity purchased stood at Rs 1663.30 Crore and gross debt purchased stood at Rs 322.30 Crore, while the gross equity sold stood at Rs 1509.40 Crore and gross debt sold stood at Rs 573.60 Crore. Therefore, the net investment of equity and debt reported were Rs 153.90 Crore and Rs (251.30) Crore respectively.

On Tuesday, the partially convertible rupee ended at 50.15/16 per dollar, 0.3% stronger than Monday''s close of 50.30/32. The rupee gained some strength after central bank’s intervention and dollar sales by private and foreign banks.

On BSE, total number of shares traded was Rs 21.09 Crore and total turnover stood at Rs 2,603.16 Crore. On NSE, total volume of shares traded was Rs 46.81 Crore and total turnover was Rs 7,607.78 Crore.

Top traded volumes on NSE Nifty – Unitech with 70848820 shares, Suzlon Energy with total volume traded 27667581 shares, followed by DLF with 13565653 shares, NTPC with 12503705 shares and ICICI Bank with 10538908 shares.

On NSE Future and Options, total number of contracts traded in index futures was 984552 with a total turnover of Rs 11,892.69 crores. Along with this total number of contracts traded in stock futures were 804707 with a total turnover of Rs 7,773.47 Crore. Total numbers of contracts for index options were 953447 with a total turnover of Rs 13,351.32 Crore and total numbers of contracts for stock options were 43349 and notional turnover was Rs 454.01 Crore.

Today, Nifty would have a support at 2,595 and resistance at 2,788 and BSE Sensex has support at 8,690 and resistance at 9,050.

Post Session Market - Dec 02, 2008

2008-12-02T16:36:00.001+05:30

The domestic market ended the day in negative territory due to the selling in key stocks throughout of trading session. The selling pressure was fuelled on weak cues from global stock markets. Though, market tried to recover during mid session on reports that India is not considering military action against Pakistan along with on hopes of rate cut by RBI. Japan''s central bank unveiled corporate financing steps. Bank of Japan will temporarily accept lower rated corporate debt as collateral from commercial banks and would provide unlimited funds collateralized by corporate debt at 0.3% interest. Along with this, Australia''s central bank slashed interest rates by 100 basis points to 4.25%, which is six-year low.

The Indian market opened lower on the back of weak cues from global markets. In the US, the National Bureau of Economic Research, or NBER, officially confirmed that the US recession started in December 2007. The markets weakened further during the trade as selling pressure intensified. Despite trimming losses after its struggle for recovery, market ended lower on account of a downtrend in global indices. The BSE Sensex slipped below 8,800 mark and NSE Nifty closed below 2,700 level. From the sectoral front, heavy selling pressure was seen in the Auto, Oil & Gas, IT, Consumer Durables, Capital Goods, Metal and PSU stocks. While, Reality, FMCG and Power stocks were in limelight as most of the buying was witnessed from these baskets.

Among the Sensex pack 18 stocks ended in red territory and 12 in green. The market breadth was negative as 1297 stocks closed in red while 801 stocks closed in green and 63 stocks remained unchanged.

The BSE Sensex closed lower by 100.63 points at 8,739.24 and NSE Nifty ended down by 25.10 points at 2,657.80. The BSE Mid Caps and BSE Small Caps ended with losses of 41.14 and 45.32 points at 2,805.33 and 3,252.41 respectively. The BSE Sensex touched intraday high of 8,785.04 and intraday low of 8,467.43.

Losers from the BSE Sensex pack are M&M Ltd (8.21%), Maruti Suzuki (5.24%), TCS Ltd (5.21%), L&T Ltd (3.46%), Sterlite Industries (3.29%), HDFC (3.27%), Tata Steel (3.16%), Reliance (3.10%), ONGC Ltd (2.61%), RCom (2.19%), Infosys Tech (1.91%) and HDFC Bank (1.56%).

Gainers from the BSE Sensex pack are Reliance Infra (5.37%), Bharti Airtel (3.05%), JP Associates (2.76%), NTPC (2.46%), ITC Ltd (2.45%), DLF Ltd (1.96%), Ranbaxy Lab (1.76%) and Hindalco (1.07%).

The BSE Auto index dropped by (3.04%) or 67.58 points to close at 2,154.75. Losers are M&M Ltd (8.21%), Amtek Auto (8.10%), Maruti Suzuki (5.24%), Tata Motors (3.28%), Bharat Forge (3.06%) and Ashok Leyland (2.40%).

The BSE Consumer Durables index lost (2.61%) or 44.24 points to close at 1,668.75. Major losers are Blue Star L (5.05%), Titan Ind (4.41%) and Videocon Ind (1.96%).

The BSE Oil & Gas index lost (2.45%) or 135.50 points to close at 5,397.87. Losers are Cairn Ind (4.31%), Reliance (3.10%), Essar Oil Ltd (2.90%), ONGC Ltd (2.61%), IOC Ltd (2.47%) and Gail India (1.35%).

The BSE IT index dropped by (2.27%) or 57.41 points to close at 2,476.28. Losers are HCL Tech (7.29%), Rolta India (5.54%), TCS Ltd (5.21%), Aptech Ltd (5.12%) and Oracle Fin (2.96%).

The BSE Reality index ended up by (2.14%) or 31.62 points at 1,509.27. Major gainers are Unitech Ltd (7.29%), Indiabull Real (2.87%), DLF Ltd (1.96%), Housing Dev (1.15%), Omaxe Ltd (0.96%) and Akruti City (0.92%).

The BSE FMCG index ended higher by (1.04%) or 19.62 points at 1,903.71 as ITC Ltd (2.45%), Britania In (0.91%), Colgate Palm (0.67%), Tata Tea Ltd (0.55%) and HUL (0.30%) ended in positive territory.

Mid Session Market - Dec 02, 2008

2008-12-02T12:45:00.000+05:30

The markets are still trading lower as selling pressure continued across the board. The weak sentiments across the globe have added to the negative sentiments today. The Metal, Auto, IT, Realty, Oil & Gas and Banking stocks have weighed on the selling pressure today. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a loss of around 2% each.

The BSE Sensex is now trading around the 8,600 mark and the NSE Nifty hovering around the 2,600 mark.

The overall market breadth is negative as 416 stocks are advancing while 1311 stocks are declining and the 61 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading lower as Hang Seng, Nikkei, Straits Times and Shanghai Composite index are trading lower by (4.77%), (6.35%), (2.09%) and (0.39%) respectively. The Japanese markets plunged the most today on reports that the Bank of Japan board has voted unanimously to keep policy rate steady.

HUL reported the top gainer from the BSE Sensex pack as it was trading higher by (0.24%) at Rs. 233 while Mahindra & Mahindra the top loser down by (8.10%) at Rs. 250.10.

The BSE Mid cap is lower by 66.43 points at 2,780.04 and the BSE small Cap slipped by 64.41 points to trade at 3,233.32.

At 12.31 pm, BSE Sensex was at 8,608.66 down by 231.21 points while the NSE Nifty was at 2,611.40 down by 71.50 points.

BSE IT index declined by 92.29 points to trade at 2,441.40 as HCL Technologies (7.62%), Wipro (4.11%), TCS (4.03%), Satyam Computer (3.75%) and Patni Computer (3.55%) are trading in negative.

BSE Metal index dropped by 201.46 points at 4,150.41 as Sterlite Industries (8.09%), Jindal Saw (5.28%), NMDC (5.20%) and Sesa Goa (5.10%) are trading in red.

BSE Bankex index is trading lower by 181 points at 4,284.82. Losers are HDFC Bank (4.93%), SBI (4.68%), Bank of India (4.03%), AXIS Bank (3.50%) and Kotak Bank (3.02%).

BSE Oil & Gas index is trading 199.35 points lower at 5,334.02 as Cairn India (5.77%), Essar Oil (4.48%), ONGC (3.85%), RNRL (1.62%) and BPCL (0.81%) are trading in negative.

BSE Capital goods index dropped by 217.19 points to 5,928.22. The main losers are Gammon India (5.63%), Punj Lloyd (4.84%), Praj Industries (4.29%), BHEL (2.74%) and L&T (2.88%).

BSE Power index is trading 41.38 points lower at 1,528.68. The main losers are Suzlon Energy (3.93%), Power Grid (2.93%), Reliance Power (2.76%), GVK Power (2.79%) and Torent Power (1.96%).

BSE Realty index slipped by 59.22 points to 1,418.43. The major losers are Ansal Infra (7.10%), Omaxe Ltd. (5.88%), Parsavnath (4.89%), DLF (4.59%) and Sobha Developers (3.43%).

BSE Auto declined by 80.70 points to 2,141.63. Leading to its fall are Mahindra & Mahindra (7.92%), Maruti Suzuki (7.13%), Ashok Leyland (3.05%) and Tata Motors (2.34%).

Pre Session Market - Dec 02, 2008

2008-12-02T09:58:00.000+05:30

Today Markets are likely to open with a negative gap as US markets have shattered brutally and other Asian markets.have also opened with blood bath. The US economy has been under recession since December 2007 and many economic reforms taking place now has a minimal effect. Markets would follow the trend prevailing in other Asian and European markets. Hence once could anticipate thin trading today with a negative trend.

On Monday, the markets opened with positive gains but could not hold the firmness due to profit booking. After the post mid session, the markets nose dived into the red territory showing signs of huge volatility. The European markets also opened with heavy sell-off and therefore majority of Asian markets followed that trend. Domestic auto sales numbers for the month of November were very weak and hence companies like Matuti Suzuki, Hero Honda, M&M and Tata Motors fell drastically. Sensex closed with a loss of 2.78% whereas, Nifty shed 2.62% respectively. Realty, Auto, CD and Bankex felt the selling heat as they slashed by 5.347%, 4.64%, 4.47% and 3.87% respectively. During the trading session we expect the market to be trading in deep red.

The BSE Sensex closed low by 252.85 points at 8,839.87 and NSE Nifty ended lower by 72.20 points at 2,682.90. The BSE Mid Caps and Small Caps ended with losses of 39.29 points and 6.88 points at 2,846.47 and 3,297.73. The BSE Sensex touched intraday high of 9,326.68 and intraday low of 8,803.34.

On Monday, the US markets were brutally shattered as US economy has officially entered into recession since December 2007. The November ISM Index, a national manufacturing survey, declined to 36.2 from the October reading of 38.9. This was worse than the consensus estimate of 37.0 and, represents the most contraction in U.S. manufacturing since 1982. US Fed Reserve chairman Ben Bernanke said that US economy remains under stress despite bailouts and efforts of policy makers. Crude oil on New York Mercantile Exchange for January fell 84 cents to $48.44 a barrel. OPEC has postponed cutting the oil production till the next meeting.

The Dow Jones Industrial Average (DJIA) closed lower by 679.95 points at 8,149.09 NASDAQ index lost 137.50 points at 1,398.07 and the S&P 500 (SPX) also closed lower by 80.03 points to close at 816.21 points.

Indian ADRs ended in red. In technology sector, Infosys lost by (6.12%) and Wipro ended low by (14.29%) followed by Satyam that ended low by (7.23%) and Patni Computers closing low by (7.35%). In banking sector ICICI Bank was low by (13.48%), while HDFC Bank lost (11.15%). In telecommunication sector, Tata Communication declined by (5.49%), while MTNL declined by (4.38%).

Today the major stock markets in Asia opened with negative gap. The Shanghai Composite is trading flat at 1,895.28 Hang Seng is low by 607.46 points at 13,501.38. Further Japan''s Nikkei is low by 348.84 points at 8,048.38. Straits Times is also trading low by 30.46 points at 1,659.77 and South Korea’s Seoul Composite is low by 25.70 points at 1,032.92

The FIIs on Monday stood as net buyer in equity and in debt. Gross equity purchased stood at Rs 2157.60 Crore and gross debt purchased stood at Rs 285.80 Crore, while the gross equity sold stood at Rs1738.20 Crore and gross debt sold stood at Rs0.0 Crore. Therefore, the net investment of equity and debt reported were Rs 419.40 Crore and Rs 285.80 Crore respectively.

On Monday, the partially convertible rupee ended at 50.30/32 per dollar, 0.4% weaker than Friday''s close of 50.09/12. The rupee dropped towards a recent low on account of losses in domestic equity market, but state-run banks restricted losses by selling dollars.

On BSE, total number of shares traded was Rs 19.58 Crore and total turnover stood at Rs 2,396.44 Crore. On NSE, total volume of shares traded was 49.62 Crore and total turnover was Rs 8,392.15 Crore.

Top traded volumes on NSE Nifty – Unitech with 66973342 shares, Suzlon Energy with total volume traded 27145898 shares, followed by DLF with 12186377 shares, ICICI Bank with 12106105 shares and Reliance Comm with 10676023 shares.

On NSE Future and Options, total number of contracts traded in index futures was 933001 with a total turnover of Rs 11,969.41 crores. Along with this total number of contracts traded in stock futures were 737864 with a total turnover of Rs 7,363.52 Crore. Total numbers of contracts for index options were 848463 with a total turnover of Rs 12,386.26 Crore and total numbers of contracts for stock options were 39138 and notional turnover was Rs 436.25 Crore.

Today, Nifty would have a support at 2,485 and resistance at 2,588 and BSE Sensex has support at 8,448 and resistance at 8,685.

Post Session Market - Dec 01, 2008

2008-12-01T16:41:00.000+05:30

The domestic market ended the day in red terrain after paring all its initial gains on account of increased selling pressure. Weak sentiments during the last trading hours was added by negative opening of European markets and a further fall in US index futures. Asian markets also pared their initial gains and contributed to pull the domestic bourses lower. Market opened on pleasant note on the expectations of further cut in interest rates and end of the operation to flush out terrorists in Mumbai. Investors also welcomed Prime Minister Manmohan Singh taking charge of the Finance Ministry after P Chidambaram was appointed Home Minister following the resignation of Shivraj Patil.

Further market continued the positive trend till afternoon but afterwards failed to sustain the upswing and slaughtered by some profit booking. The statement from the Finance Minister Mr. P. Chidambaram about the slow economic growth has also affected the markets to some extent. Stocks continued to slip stridently till end on weak global cues. NSE Nifty ended below 2,700 mark and BSE Sensex below 8,900 level. From the sectoral front, all indices ended in red and among those, most of the selling was seen in Reality, Auto, Consumer Durables, Bank, Capital Goods, Power and FMCG stocks Midcap and Small cap stocks also remained out of favor.

Among the Sensex pack 24 stocks ended in red territory and 6 in green. The market breadth was negative as 1160 stocks closed in red while 970 stocks closed in green and 65 stocks remained unchanged.

The BSE Sensex closed lower by 252.85 points at 8,839.87 and NSE Nifty ended down by 72.20 points at 2,682.90. The BSE Mid Caps and BSE Small Caps ended with losses of 39.29 and 6.88 points at 2,846.47 and 3,297.73 respectively. The BSE Sensex touched intraday high of 9,326.68 and intraday low of 8,803.34.

Losers from the BSE Sensex pack are DLF Ltd (9.96%), Reliance infra (3.26%), Maruti Suzuki (9.40%), ICICI Bank Ltd (7.21%), Reliance Infra (6.95%), BHEL (6.71%), Ranbaxy Lab (4.96%), ITC Ltd (4.61%), Wipro Ltd (3.90%), Tata Power (3.45%), M&M Ltd (3.37%) and L&T Ltd (3.22%).

Gainers from the BSE Sensex pack are Grasim Industries (1.75%), Tata Steel (1.69%), TCS Ltd (1.06%), Sterlite Industries (0.74%), Reliance Communication Ltd (0.43%) and HJP Associates (0.36%).

The BSE Reality index ended lower by (5.34%) or 83.36 points at 1,477.65. Major losers are DLF Ltd (9.96%), Akruti City (6.15%), Orbit Co (5.17%), Parsvnath (4.39%), Sobah Dev (3.93%) and Housing Dev (3.77%).

The BSE Auto index dropped by (4.64%) or 108.23 points to close at 2,222.33. Losers are Maruti Suzuki (9.40%), Hero Honda Motors (5.69%), Bajaj Auto (4.33%), Cummins Indi (3.85%), Amtek Auto (3.69%) and M&M Ltd (3.37%).

The BSE Consumer Durables index lost (4.47%) or 80.18 points to close at 1,713.39. Major losers are Titan Ind (6.86%), Videocon Ind (3.67%), Blue Star L (3.23%) and Gitanjali GE (0.79%).

The BSE Bank index ended lower by 3.87%) or 179.58 points at 4,465.82 as ICICI Bank Ltd (7.21%), Bank of Baroda (4.71%), Kotak Bank (4.55%), Yes Bank (4.24%), Indus Ind Bank (3.90%), Canara (3.87%) and Bank of India (3.85%) ended in negative territory.

The BSE Capital Goods index dropped by (3.79%) or 241.91 points to close at 6,145.41. Losers are BHEL (6.71%), ABB Ltd (3.96%), Elecon Eng C (3.61%), Praj Indus (3.54%) and L&T Ltd (3.22%).

The BSE Power index lost (3.78%) or 61.63 points to close at 1,570.06. Losers are Reliance Infra (6.95%), BHEL (6.71%), Suzlon Energy (5.28%), ABB Ltd (3.96%), Tata Power (3.45%) and GVK Power (2.48%).

Mid Session Market - Dec 01, 2008

2008-12-01T12:49:00.000+05:30

The markets are trading higher after a positive opening on account of significant buying across the board. Investors welcomed Prime Minister Manmohan Singh taking charge of the Finance Ministry after P Chidambaram was appointed Home Minister following the resignation of Shivraj Patil. A hope that the RBI will cut its key policy rates further is also keeping investor’s sentiment upbeat. The buying is seen mainly among the Realty, Metal, Oil & Gas, IT, Teck, PSU and Capital Goods stocks. The BSE Mid Cap and the BSE Small Cap index are following the same trend. However, the Auto and Consumer Durables stocks are trading in red terrain.

The BSE Sensex is now trading above the 9,200 mark and the NSE Nifty above the 2,800 mark.

The overall market breadth is positive as 1118 stocks are advancing while 583 stocks are declining and the 58 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Hang Seng, Taiwan Weighted and Shanghai Composite are trading higher by (2.14%), (1.30%) and (0.71%) respectively. However, the Nikkei, Seoul Composite and Straight Times are trading lower by (1.35%), (1.62%) and (0.95%) respectively.

JP Associates reported the top gainer from the BSE Sensex pack as it was trading higher by (6.78%) at Rs. 59.85 while Maruti Suzuki the top loser down by (3.96%) at Rs. 514.65.

The BSE Mid cap is higher by 27.39 points at 2,913.15 and the BSE Small Cap up by 41.04 points to trade at 3,345.66.

At 12.30 pm, BSE Sensex was at 9,276.70 higher by 183.97 points while the NSE Nifty was at 2,816.60 up by 61.50 points.

BSE Realty index gained (3.43%) or 53.58 points to 1,614.59. The major gainers are Unitech (15.58%), Ansal Infra (6.37%), Housing Development (4.75%), Orbit Co (4.27%) and Mahindra Life (3.69%).

BSE Metal index jumped by (3.01%) or 131.79 points at 4,515.17 as NMDC Ltd (5.68%), Sterlite Industries (5.47%), Jai Corp Ltd (5.15%) and Jindal Steel (3.15%) are trading in green.

BSE Oil & Gas index is trading (2.61%) or 146.82 points up at 5,764.98 as Essar Oil Ltd (6.06%), BPCL (4.35%), Gail India (3.72%), Reliance Natural Resources (3.30%) and ONGC (3.24%) are trading in positive.

BSE IT index inclined by (2.11%) or 53.87 points to trade at 2,612.81 as Mphasis (7.79%), NIIT Ltd (7.16%), Aptech Ltd (6.10%) and Moser Bayer (5.56%) are trading in positive.

BSE Teck index is trading higher by (2.10%) or 42.13 points at 2,043.76. Gainers are Mphasis (7.79%), NIIT Ltd (7.16%), Adlabs Films (6.15%) and Aptech Ltd (6.10%).

BSE PSU index advanced by (2.07%) or 95.08 points to 4,680.91. The main gainers are NMDC Ltd (5.68%), State Trade Corp (5.43%), Indian Overseas Bank (4.80%) and BPCL (4.35%).

BSE Auto declined by (2.07%) or 48.17 points to 2,282.39. Leading to its fall are Hero Honda Motors (4.10%), Maruti Suzuki (3.96%), Amtek Auto (2.16%) and Bajaj Auto (1.89%).

BSE Consumer Durables index is trading (1.72%) or 30.86 points lower at 1,762.71. The main losers are Titan Ind (3.57%), Blue Star L (1.28%) and Videocon Ind (0.68%).

Pre Session Market - Dec 01, 2008

2008-12-01T09:51:00.000+05:30

Today Markets are likely to open negative as majority of Asian markets opened with blood bath and the sentiments across domestic markets are very fragile. The GDP numbers for the second quarter is better than expected at 7.6%. However economists are skeptic about the next two quarters’ GDP and hence once could anticipate further rate cuts from RBI to pump in more money into economy. However today one could see some cautiousness amongst investors and hence we expect the markets to be trading volatile.

On Friday, the domestic markets managed to close in green territory. The trade was not in its full swing as the markets hardly moved 250 points. The sentiments were weak and therefore since the opening, the markets moved volatile. However towards the end the markets closed flat with marginal gains. Sensex ended with a gain of 0.73% whereas, Nifty closed with a gain of 0.10% respectively. IT, Teck and Auto gained by 3.67%, 2.45% and 1.43% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed high by 66.00 points at 9,092.72 and NSE Nifty ended up by 2.85 points at 2755.10. The BSE Mid Caps ended with a marginal gain of 8.38 points however Small Caps closed with losses of 10.28 points at 2,885.76 and 3,304.61. The BSE Sensex touched intraday high of 9,157.62 and intraday low of 8,889.18.

On Friday, the US markets closed managed to end with marginal gains. The session started with choppy trade, however later towards the end 10 economic sectors helped the markets close positive. The Citi group made impressive gains during the session on the back of recent government intervention. Global hand set maker Nokia has decided not to sell mobile phones in Japan, except for the high end models. It has also stated that its global sales would slow down amidst weak consumer spending. General Motors is also planning to divest its certain brands such as Saturn, Pontiac and Saab in order to save money and reduce the overlap. Crude oil on New York Mercantile Exchange for January fell by $1.47 or 2.7% to $52.96 a barrel. The fall in demand of oil has led to weak oil prices.

The Dow Jones Industrial Average (DJIA) closed higher by 247.14 points at 8,726.61 NASDAQ index gained 67.37 points at 1,532.10 and the S&P 500 (SPX) also closed higher by 30.29 points to close at 887.68 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 3.46% and Wipro ended high by 1.20% followed by Satyam that ended high by 0.87% and Patni Computers closing high by 3.47%. In banking sector ICICI Bank was high by 7.80%, while HDFC Bank gained 5.54%. In telecommunication sector, Tata Communication declined by 4.57%, while MTNL declined by 2.94%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 8.84 at 1,880.00 Hang Seng is high by 260.83 points at 14,149.07. Further Japan''s Nikkei is low by 137.27 points at 8,375.00. Straits Times is also trading low by 16.68 points at 1,715.89 and South Korea’s Seoul Composite is low by 2.68 points at 1,073.39

The FIIs on Friday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1,278.90 Crore and gross debt purchased stood at Rs 1,053.30 Crore, while the gross equity sold stood at Rs 1,714.90 Crore and gross debt sold stood at Rs 6.70 Crore. Therefore, the net investment of equity and debt reported were (Rs 436.00) Crore and Rs 1,046.60 Crore respectively.

On Friday, the partially convertible rupee ended at 50.09/12 per dollar, weaker by 1.2% on Wednesday’s closing at 49.48/50. The rupee is further anticipated to weak with negative sentiments across Asia and other markets.

On BSE, total number of shares traded was Rs 19.58 Crore and total turnover stood at Rs 2,396.44 Crore. On NSE, total volume of shares traded was 56.78 Crore and total turnover was Rs 9,753.70 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 1211098 with a total turnover of Rs 15,8720.76 crores. Along with this total number of contracts traded in stock futures were 1348858 with a total turnover of Rs 13,908.96 Crore. Total numbers of contracts for index options were 1046012 with a total turnover of Rs 14,739.52 Crore and total numbers of contracts for stock options were 36061and notional turnover was Rs 430.42 Crore.

Today, Nifty would have a support at 2,615 and resistance at 2,810 and BSE Sensex has support at 8,815 and resistance at 9,360.

Post Session Market - Nov 28, 2008

2008-11-28T16:41:00.000+05:30

The domestic market managed to end in green due to the buying support on key stocks led by better-than-expected economic growth data which stood at 7.60% for Q2. Earlier volatility was witnessed during the trading on the expiry day of derivative contracts for the November 2008 series along with terror attacks. Sentiments were already weak on global financial crises, which resulted heavy outflow of foreign capital. However, expectation of further rate cut by RBI gathered momentum.

Recovery was also led by IT stocks on weaker rupee. Market opened on lower on the back of the terrorist attack in Mumbai and suddenly turned choppy due to the expiry of the November 2008 derivate contracts today. Further market continued to trade with instability and dropped in afternoon on reports of fresh firing outside the Chattrapati Shivaji Terminus (CST) rail terminus. Finally denial of this report along with recovery in Asian markets and slightly higher Dow futures boosted key benchmark indices to day''s high.

NSE Nifty ended above 2,700 mark and BSE Sensex above 9,000 level. From the sectoral front, most of the buying was observed in IT, teck, Auto, FMCG and Bank stocks. However, Reality, Metal, PSU and Oil & Gas stocks contributed to the negative sentiments. Midcap stocks joined the upward journey while Small cap stocks remained out of favour.

Among the Sensex pack 16 stocks ended in green territory and 14 in red. The market breadth was negative as 1114 stocks closed in red while 915 stocks closed in green and 64 stocks remained unchanged.

The BSE Sensex closed higher by 66 points at 9,092.72 and NSE Nifty ended marginally up by 2.85 points at 2,775.10. The BSE Mid Caps ended with gain of 8.38 points at 2,885.76 while and BSE Small Caps closed with loss 10.28 points at 3,304.61. The BSE Sensex touched intraday high of 9,157.62 and intraday low of 8,889.18.

Gainers from the BSE Sensex pack are TCS Ltd (5.89%), BHEL (4.78%), Infosys (4.49%), M&M Ltd (4.47%), HDFC (3.34%), Satyam Computer (2.60%), Sterlite Industries (2.58%), Bharti Airtel (2.50%), Tata Power (2.18%), HDFC Bank (1.46%) and Hindalco (0.95%).

Losers from the BSE Sensex pack are Reliance infra (3.26%), L&T Ltd (3.14%), Grasim Indus (3.03%), NTPC Ltd (2.86%), Tata steel (2.55%), Tata Motors (2.43%), Ranbaxy Lab (2.05%), Relinace Communication Ltd (1.71%) and SBI (1.58%).

Indian economy grew at 7.60% for the second quarter of FY09 as against 9.3% (YoY) and 7.9% (QoQ). The services sector growth was at 9.6% from 10.5% in the year ago period. The construction growth for the second quarter stood at 9.7% from 11.8% of previous year.

The BSE IT index gained (3.67%) or 90.49 points to close at 2,558.94. Major gainers are Patni Computer (13.95%), TCS Ltd (5.89%), NIIT Ltd (5.56%), Infosys (4.49%), Moser Bayer (3.39%) and Oracle Fin (2.84%).

The BSE Teck index ended higher by (2.45%) or 47.80 points at 2,001.63 as Patni Computer (13.95%), TCS Ltd (5.89%), NIIT Ltd (5.56%), Infosys (4.49%), IBN18 (3.97%) and Moser Bayer (3.39%) ended in positive territory.

The BSE Auto index advanced by (1.43%) or 32.81 points to close at 2,330.56 Gainers are Amtek Auto (14.77%), Cummins Indi (5.22%), M&M Ltd (4.47%), Hero Honda Motors (3.37%), Maruti Suzuki (0.67%) and Exide Indus (0.64%).

The BSE Reality index ended lower by (0.97%) or 15.26 points at 1,561.01. Major losers are Unitech Ltd (10.81%), Ansal Infra (5.10%), Pheonix Mill (4.28%), Orbit Co (3.78%) and Mahindra Life (2.00%).

The BSE Metal index dropped by (0.84%) or 37.34 points to close at 4,383.38. Losers are Nalco (7.95%), Welspan Gujarat Sr (7.73%), Hindustan Zinc (3.10%), JSW Steel (2.82%), SAIL (2.77%) and NMDC Ltd (2.74%).

The BSE PSU index lost (0.77%) or 35.53 points to close at 4,585.53. Losers are Chennai Petroleum (5.89%), Neyveli LIG (5.80%), Allahabad Bank (3.85%), IDBI Bank (3.50%), Corporation (3.40%) and NTPC Ltd (2.86%).

Mid Session Market - Nov 28, 2008

2008-11-28T12:45:00.000+05:30

The markets have lost further grounds and are trading in deep red even though the GDP number came in slightly better than expected. However the investors are little worried to take any fresh position ahead of the expiry of the F&O November series today. The selling continued among the Realty, Capital Goods, Metal, Banking and Oil & Gas stocks. However, the IT and FMCG stocks are trading with marginal gains. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a loss of around 1% each.

India’s Gross Domestic Products (GDP) growth grew by 7.6% for the Second quarter (July-September quarter) of FY09 as against 9.3% (YoY) and 7.9% (QoQ). However, the numbers were slightly ahead of expectations. India''s growth has slowed in the second quarter due to the high interest rates and record-high inflation.

The BSE Sensex is now trading below the 9,000 mark and the NSE Nifty hovering around the 2,700 mark.

The overall market breadth is negative as 630 stocks are advancing while 1011 stocks are declining and the 55 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading mixed as Hang Seng, Nikkei and Seoul Composite index are trading higher by (1.25%), (1.66%) and (1.18%) respectively. However the Shanghai Composite and KLSE Composite index are trading lower by (2.76%) and (0.44%) respectively.

TCS reported the top gainer from the BSE Sensex pack as it was trading higher by (3.23%) at Rs. 544 while Reliance Infra the top loser down by (6.16%) at Rs. 487.50.

The BSE Mid cap is lower by 35.59 points at 2,841.79 and the BSE small Cap slipped by 25.35 points to trade at 3,289.54.

At 12.31 pm, BSE Sensex was at 8,930.70 down by 96.02 points while the NSE Nifty was at 2,712.70 down by 39.55 points.

BSE IT index inclined by 10.23 points to trade at 2,478.68 as TCS (3.23%), Mphasis (2.97%), Patni Computer (2.32%), Tech Mahindra (1.17%) and Satyam Computer (0.87%) are trading in positive.

BSE Metal index slipped by 52.81 points at 4,367.64 as Tata Steel (3.10%), NALCO (3.35%), SAIL (2.48%) and ISPAT Industries (2.45%) are trading in red.

BSE Bankex index is trading lower by 39.62 points at 4,585.61. Losers are AXIS Bank (2.72%), SBI (1.83%), ICICI Bank (1.64%), Yes Bank (2.98%) and HDFC Bank (0.96%).

BSE Oil & Gas index is trading 44.91 points lower at 5,603.15 as Gail India (3.35%), RPL (2.14%), Cairn India (2.08%), HPCL (1.74%) and ONGC (1.06%) are trading in negative.

BSE Capital goods index dropped by 108.16 points to 6,297.10. The main losers are L&T (3.14%), Crompton Greaves (2.34%), ABB (2.79%), Punj Lloyd (1.49%) and Praj Industries (1.08%).

BSE Power index is trading 15.97 points lower at 1,616.33. The main losers are Reliance Power (4.25%), Power Grid (3.91%), Torent Power (2.34%), GVK Power (2.50%) and NTPC (1.77%).

BSE Realty index slipped by 40.21 points to 1,536.06. The major losers are Unitech (9.27%), Ansal Infra (7.94%), India Bull Real (4.90%), HDIL (3.90%) and Sobha Developers (3.10%).

BSE Auto declined by 12.43 points to 2,285.32. Leading to its fall are Tata Motors (4.26%), Ashok Leyland (2.53%), Maruti Suzuki (1.18%) and Hero Honda (1.12%).

Pre Session Market - Nov 28, 2008

2008-11-28T09:57:00.000+05:30

Today markets are likely to open with a negative gap amidst concerns over the terrorist attack in the financial capital, Mumbai. The operation to flush out the terrorist is not yet over and hence the sentiments of trading would be very low. One could anticipate a thin trade today due to weak sentiments. Overall the roll over contracts today would decide the further sentiments of trading. After a negative opening in the morning we also anticipate a bounce back later. The inflation numbers look soft at 8.84% lower by 6bps from 8.90% in the week earlier.

On Wednesday, domestic markets managed to end with green numbers despite volatile trading session. The investors were optimistic on a rate cut from RBI as China''s central bank cut banks'' benchmark lending and deposit rates by 108bps, the fourth cut since mid-September. The one-year bank loans will fall to 5.58% from 6.66%, while the benchmark one-year deposit rate falls to 2.52% from 3.60%. Sensex ended with a gain of 3.81% whereas, Nifty closed with a gain of 3.70% respectively. Bankex, Oil & Gas and Metal gained by 5.96%, 4.41% and 3.66% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed high by 331.19 points at 9,026.72 and NSE Nifty ended up by 98.25 points at 2752.25. The BSE Mid Caps ended with a marginal gain of 4.79 points however Small Caps closed with losses of 18.53 points at 2,877.38 and 3,314.89. The BSE Sensex touched intraday high of 9,061.72 and intraday low of 8,658.53.

On Thursday, the US markets closed with phenomenal gains. The October personal spending dropped 1.0% month-over-month, which met estimates. Despite the dour housing data, homebuilders rose 13.6%. The Fed’s $600 billion plan to support housing lending spurred a drop in the average 30-year fixed mortgage rate to 5.81% from 5.98%, according to BankRate.com, which gave a lift to housing related stocks. The number of new unemployment claims dropped 14,000 to 529,000 for the week ended Nov. 22. Although this was slightly better than the expected reading of 535,000, it still represents a very weak labor market.

The Dow Jones Industrial Average (DJIA) closed higher by 247.14 points at 8,726.61 NASDAQ index gained 67.37 points at 1,532.10 and the S&P 500 (SPX) also closed higher by 30.29 points to close at 887.68 points.

Indian ADRs ended mixed. In technology sector, Infosys gained by 5.06% and Wipro ended high by 4.18% followed by Satyam that ended high by 2.35% and Patni Computers closing high by 6.13%. In banking sector ICICI Bank was low by (3.15%), while HDFC Bank gained 0.41%. In telecommunication sector, Tata Communication inclined by 6.88%, while MTNL inclined by 2.68%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 23.79 at 1,894.06 Hang Seng is high by 296.40 points at 13,848.48. Further Japan''s Nikkei is high by 42.01 points at 8,415.40. Straits Times is also trading low by 15.53 points at 1,694.99 and South Korea’s Seoul Composite is high by 10.85 points at 1,074.33.

The FIIs on Wednesday stood as net buyers in equity and debt. The Gross equity purchased stood at Rs 1384.20 Crore and gross debt purchased stood at Rs 179.70 Crore, while the gross equity sold stood at Rs 1,382.90 Crore and gross debt sold stood at Rs 37.80 Crore. Therefore, the net investment of equity and debt reported were Rs 1.30 Crore and Rs 142.00 Crore respectively.

On Wednesday, the partially convertible rupee ended at 49.48/50 per dollar, stronger by 0.9% on Tuesday’s closing at 49.93/95. The rupee gained strength on the back of huge dollar selling by corporate and phenomenal rally in the stock markets.

On BSE, total number of shares traded was Rs 25.57 Crore and total turnover stood at Rs 3,232.63 Crore. On NSE, total volume of shares traded was 51.77 Crore and total turnover was Rs 8,818.65 Crore.

Top traded volumes on NSE Nifty – Suzlon Energy with 49337802 shares, Unitech with total volume traded 45143845 shares, followed by SAIL with 11960100 shares, ICICI Bank with 11620249 shares and Reliance Comm with 11014088 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1378947 with a total turnover of Rs 17,568.68 crores. Along with this total number of contracts traded in stock futures were 1370221 with a total turnover of Rs 13,562.58 Crore. Total numbers of contracts for index options were 1238249 with a total turnover of Rs 17237.53 Crore and total numbers of contracts for stock options were 44919 and notional turnover was Rs 520.17 Crore.

Today, Nifty would have a support at 2,590 and resistance at 2,700 and BSE Sensex has support at 8,560 and resistance at 8,935.

Post Session Market - Nov 26, 2008

2008-11-26T16:36:00.000+05:30

The domestic market ended with handsome gains on account of buying activity in index heavyweights, after reporting a fall on previous session. Market opened on firm note along with other Asian markets backed by latest US Federal Reserve measures to boost the flagging US financial system. Further benchmark indices were not able to hold the momentum and pared its gains to trade with instability. Volatility rose ahead of the derivatives expiry for November 2008 series on 27 November 2008. Finally market turned upward as renewed buying interest during final trading hours led rally in the bourses.

Stocks surged on the hopes of rate cuts by other central banks after a surprise steep rate cut announced by China''s central bank. China''s central bank cut banks'' benchmark lending and deposit rates by 1.08% for the fourth time since mid-September 2008. NSE Nifty ended above 2,700 mark and BSE Sensex around 9,000 level. From the sectoral front, all indices ended in green and Bank stocks outperformed the benchmark indices as ended with gain of around 6%. Apart from that, most of the buying was seen in Oil & Gas, Metal, Teck, Pharma, Reality, Power and IT stocks. Midcap stocks also joined the rally while Small cap stocks remained out of favour.

Among the Sensex pack 28 stocks ended in green territory and 2 in red. The market breadth was negative as 1222 stocks closed in red while 938 stocks closed in green and 68 stocks remained unchanged.

The BSE Sensex closed higher by 331.19 points at 9,026.72 and NSE Nifty ended up by 98.25 points at 2,752.25. The BSE Mid Caps ended with gain of 4.79 points at 2,877.38 while and BSE Small Caps closed with loss 18.53 points at 3,314.89. The BSE Sensex touched intraday high of 9,061.72 and intraday low of 8,658.53.

Gainers from the BSE Sensex pack are Sterlite Industries (12.88%), ICICI Bank (9.55%), HDFC Bank (8.63%), NTPC Ltd (6.93%), Reliance (6.11%), DLF Ltd (5.53%), Wipro Ltd (5.33%), HDFC (4.92%), Ranbaxy Lab (4.72%), TCS Ltd (4.72%), Bharti Airtel (4.51%) and Reliance Infra (4.41%).

Losers from the BSE Sensex pack are M&M Ltd (2.55%) and Maruti Suzuki (0.50%).

China''s central bank cut its lending and deposit rate by 108 bps to 5.58% from 6.66%. The rate cut will come into effect on 27th November 2008. This move is highlighting the deteriorating conditions for the Chinese economy as it the largest move for the central bank since 1997 and the fourth time in ten weeks. Along with this, the deposit rate will drop to 2.52% from 3.60%.

The BSE Bank index gained (5.96%) or 260.23 points to close at 4,625.23. Major gainers are ICICI Bank (9.55%), HDFC Bank (8.63%), Axis Bank (6.05%), Oriental Bank (5.20%), Bank of Baroda (4.68%) and Kotak Bank (4.19%).

The BSE Oil & Gas index advanced by (4.41%) or 238.69 points to close at 5,648.06 Gainers are Reliance (6.11%), BPCL (5.01%), Essar Oil Ltd (4.53%), Reliance Petroleum (3.60%), Cairn Ind (3.26%) and Gail India (2.64%).

The BSE Metal index went up by (3.66%) or 156.28 points to close at 4,420.45. Gainers are Sterlite Industries (12.88%), SAIL (8.37%), Nalco (6.42%), Hindustan Zinc (3.50%), Tata Steel (2.72%) and Jindal Steel (2.52%).

The BSE Teck index ended higher by (2.17%) or 41.45 points at 1,953.83 as Tanla (11.01%), Deccan Chr (9.03%), HT Media (8.63%), Patni Computer (6.06%), Idea Cell (5.55%) and Wipro Ltd (5.33%) ended in positive territory.

The BSE Pharma index gained (2.16%) or 60.83 points to close at 2,879.09. Gainers are Sterlite Biotec (8.34%), Divis Lab (5.01%), Ranbaxy Lab (4.72%), Lupin Ltd (4.17%) and Cipla Ltd (3.49%).

The BSE Reality index ended higher by (2.12%) or 32.78 points at 1,576.27. Major gainers are Pheonix Mill (7.22%), Indiabull Real (6.61%), DLF Ltd (5.53%), Akruti City (3.37%) and Sobha Dev (0.86%).

Mid Session Market - Nov 26, 2008

2008-11-26T12:48:00.000+05:30

The markets have given up all its early morning gains and are trading flat as volatility strikes the market. The market is swinging between the positive and negative territory. The buying is seen among the Oil & Gas, Banking, FMCG and Pharma stocks. However, the Capital Goods, Power, Realty, Auto and IT stocks are under pressure today. The BSE Mid Cap and the BSE Small Cap index are however trading with a loss of around 1% each.

The BSE Sensex is now trading around the 8,700 mark and the NSE Nifty hovering around the 2,650 mark.

The overall market breadth is negative as 615 stocks are advancing while 1178 stocks are declining and the 56 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading mixed as Hang Seng, Shanghai Composite and Straits Times index are trading higher by (1.99%), (0.14%) and (0.73%) respectively. However the Nikkei index is trading lower by (1.33%).

Sterlite Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (5.55%) at Rs. 216 while Reliance Communication the top loser down by (3.35%) at Rs. 189.

The BSE Mid cap is lower by 34.81 points at 2,837.78 and the BSE small Cap slipped by 41.99 points to trade at 3,291.33.

At 12.31 pm, BSE Sensex was at 8,708.03 up by 12.50 points while the NSE Nifty was at 2,653.65 down by 0.35 points.

BSE Metal index slipped by 34.94 points at 4,229.23 as NMDC (6.68%), Sesa Goa (3.49%), Hindalco Industries (2.92%) and Tata Steel (2.25%) are trading in red.

BSE Bankex index is trading higher by 13.19 points at 4,378.19. Gainers are ICICI Bank (2.81%), HDFC Bank (2.65%), Oriental Bank (0.67%) and Yes Bank (0.16%). However, the losers are AXIS Bank (3.99%), PNB (3.15%) and IDBI Bank (3.67%).

BSE Oil & Gas index is trading 63.08 points higher at 5,472.45 as Essar Oil (1.63%), Gail India (1.38%), Cairn India (1.04%) and RNRL (0.88%) are trading in positive.

BSE Capital goods index dropped by 106.90 points to 6,279.78. The main losers are Siemens (16.06%), Gammon India (4.39%), Havells India (6.24%), Punj Lloyd (2.55%) and BHEL (1.56%).

BSE IT index declined by 22.14 points to trade at 2,410.30 as Mphasis (2.21%), Tech Mahindra (1.42%), TCS (0.91%) and Satyam Computer (0.24%) are trading in negative.

BSE Power index is trading 24.70 points lower at 1,577.04. The main losers are Suzlon Energy (3.42%), Torent Power (2.95%), Tata Power (2%), Power Grid (0.41%) and NTPC (0.49%).

BSE Realty index slipped by 29.35 points to 1,514.14. The major losers are Unitech (5.08%), HDIL (4.56%), Omaxe Ltd (4.29%), Ansal Infra (5.89%) and Penland (2.78%).

BSE Auto declined by 30.48 points to 2,251.54. Leading to its fall are Maruti Suzuki (3.36%), Mahindra & Mahindra (2.80%), Bajaj Auto (0.90%) and Ashok Leyland (0.37%).

Pre Session Market - Nov 26, 2008

2008-11-26T09:55:00.000+05:30

Today markets are likely to open positive as it had closed in red yesterday after a volatile trade. The US markets have closed mixed however the major Asian markets have opened with positive gains. The trading today may again be volatile as investors are little cautious in their holdings and there has been a tug of war between the bears and bulls in the previous trading days. There are no major positive events that would help sustain the positive trend and hence we expect the markets to trade volatile.

On Tuesday, domestic markets opened with a phenomenal positive gap but later during the trading session it could not sustain the relentless selling pressures. Sensex moved 500 points showing extreme volatility. After the post mid session bears took the markets between their claws and pulled it in the red zone. Asian markets and European markets had good positive momentum and therefore ended with positive mark. On the other hand Sensex ended with a loss of 2.33% whereas, Nifty closed with a fall of 2% respectively. Oil & Gas, CG, Realty and Bankex suffered the selling heat as they lost 3.86%, 2.56%, 2.51% and 2.01% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed low by 207.59 points at 8,695.53 and NSE Nifty ended lower by 54.25 points at 2654.00. The BSE Mid Caps and Small Caps closed with losses of 29.70 points at 2,872.59 and by 30.54 points at 3,333.42. The BSE Sensex touched intraday high of 9,182.80 and intraday low of 8,649.40.

On Tuesday, the US markets traded choppy and therefore ended mixed. Consumer confidence rose large than expected amount in November but still it remains at a depressed state. During November consumer confidence improved by 6.1 to 44.9 from October. Home prices are still falling as prices in 20 major metro cities fell by 17.4% in September. On the other hand Fed has planned to purchase $600 billion in direct obligations and mortgage-backed securities. Besides that Fed will also lend $200 billion in Assets Backed Securities Loan to help facilitate the issuance of asset-backed securities. Crude oil futures for the January delivery rose by 31 cents to $51.08 a barrel on New York Mercantile Exchange. The new $US 800 billion Fed package has brought some shine in the stock markets as well as helped to push oil prices.

The Dow Jones Industrial Average (DJIA) closed higher by 36.08 points at 8,479.47 NASDAQ index fell 7.29 points at 1,464.73 and the S&P 500 (SPX) also closed higher by 5.58 points to close at 857.39 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by (7.29%) and Wipro ended low by (3.75%) followed by Satyam that ended low by (3.75%) and Patni Computers closing high by (4.58%). In banking sector ICICI Bank was low by (2.15%), while HDFC Bank fell 1.04%. In telecommunication sector, Tata Communication inclined by (15.95%), while MTNL declined by 1.97%. Sterlite Industries was low by 2.18%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 6.81 at 1,895.53 Hang Seng is high by 398.60 points at 13,277.20. Further Japan''s Nikkei is low by 33.16 points at 8,290.17. Straits Times is also trading high by 17.48 points at 1,670.73 and South Korea’s Seoul Composite is high by 40.49 points at 1,023.81.

The FIIs on Tuesday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1080.00 Crore and gross debt purchased stood at Rs 203.60 Crore, while the gross equity sold stood at Rs 1,391.40 Crore and gross debt sold stood at Rs 176.30 Crore. Therefore, the net investment of equity and debt reported were (Rs 311.50) Crore and Rs 27.30 Crore respectively.

On Tuesday, the partially convertible rupee ended at 49.93/95 per dollar, stronger by 0.3% on Monday’s closing at 50.09/10. The weaker position of Dollar against some other currencies helped Rupee to gain.

On BSE, total number of shares traded was 22.65 Crore and total turnover stood at Rs 3,196.07 Crore. On NSE, total volume of shares traded was 52.49 Crore and total turnover was Rs 8,463.43 Crore.

Top traded volumes on NSE Nifty – Unitech with 32337821 shares, Suzlon Energy with total volume traded 30692385 shares, followed by DLF with 11779321 shares, ICICI Bank with 10599632 shares and SAIL with 10375186 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1153477 with a total turnover of Rs 14,827.49 crores. Along with this total number of contracts traded in stock futures were 1291506 with a total turnover of Rs 13,119.52 Crore. Total numbers of contracts for index options were 1148751 with a total turnover of Rs 16243.69 Crore and total numbers of contracts for stock options were 37183 and notional turnover was Rs 421.74 Crore.

Today, Nifty would have a support at 2,569 and resistance at 2,740 and BSE Sensex has support at 8,350 and resistance at 8,735.

Post Session Market - Nov 25, 2008

2008-11-25T16:35:00.000+05:30

The domestic market ended the day in red terrain after paring early gains due to the profit booking across the selective counters. Weak European markets weighted on the sentiments on concerns about recession in major global economies. The market today opened higher on the back of positive cues from the markets all over the world. The US government is taking $20 billion stake in the Citi group, along with a huge back up of $ 306 billion of Citi group assets.

Further the US president Barrac Obama is planning to come out with another bail out package of $ 700 billion so as to support the US economy and also create 2.5 million new jobs in another 2 years of time. Further benchmark indices continued to trade in positive but pared their early increase as fear continues to hinder the investor’s sentiment. Finally market trimmed all gains and dropped sharply lower due to weak European indices and US futures.

NSE Nifty ended below 2,700 mark and BSE Sensex below 8,700 level. From the sectoral front, Oil & Gas, Reality, Capital Goods, Bank, Teck and Metal stocks contributed to most of the selling pressure. Midcap and Small cap stocks also tracked the same trend. However, Consumer Durable stocks were in limelight as witnessed most of the buying pressure from its basket.

Among the Sensex pack 23 stocks ended in red territory and 7 in green. The market breadth was negative as 1442 stocks closed in red while 995 stocks closed in green and 87 stocks remained unchanged.

The BSE Sensex closed lower by 207.59 points at 8,695.53 and NSE Nifty ended down by 54.25 points at 2,654. The BSE Mid Caps and Small Caps closed with losses of 29.70 points and 30.54 points at 2,872.59 and 3,333.42 respectively. The BSE Sensex touched intraday high of 9,182.80 and intraday low of 8,649.40.

Losers from the BSE Sensex pack are M&M Ltd (7.63%), State Bank of India (6.55%), Reliance (6.40%), Reliance Communication Ltd (4.98%), Ranbaxy Lab (4.70%), Sterlite Industries (4.64%), JP Associates (4.18%), TCS Ltd (3.35%), Tata Steel (3.33%), L&T Ltd (2.98%), Wipro Ltd (2.08%) and ITC Ltd (2.04%).

Gainers from the BSE Sensex pack are Satyam Computer (1.85%), Tata Motors (1.80%), ONGC Ltd (0.97%), Maruti Suzuki (0.95%), HDFC Bank (0.43%), NTPC (0.29%) and HUL (0.02%).

The BSE Oil & Gas index dropped by (3.86%) or 217.30 points to close at 5,409.37. Losers are Aban Offshore (6.85%), Reliance (6.40%), Reliance Petroleum (3.41%), Reliance Natural Resources (3.39%), HPCL (2.67%) and Gail India (2.16%).

The BSE Capital Goods index ended lower by (2.56%) or 168.04 points at 6,386.68 as Suzlon Energy (9.49%), BEML Ltd (9.22%), Thermax Ltd (7.15%), Havells India (6.70%), Punj Lloyd (5.22%) and Usha Martin (5.01%) ended in negative territory.

The BSE Reality index ended down by (2.51%) or 39.81 points at 1,543.91. Major losers are Indiabull Real (9.51%), Pheonox Mill (7.59%), Orbit Co (7.50%), Housing Dev (6.68%), Penland Ltd (2.99%) and Ansal Infra (2.61%).

The BSE Bank index lost (2.01%) or 89.68 points to close at 4,365. Major losers are State Bank of India (6.55%), Bank of Baroda (4.98%), Axis Bank (3.94%), Bank of India (1.64%), Karnataka Bank (1.37%) and Indus Ind Bank (1.17%).

The BSE Teck index dropped by (1.55%) or 30.05 points to close at 1,912.38. Losers are Deccan Ch (10.16%), Tanla (7.48%), HCL Tech (7.40%), Reliance Communication Ltd (4.98%), Idea Cell (4.13%) and Adlabs Films (3.74%).

The BSE Consumer Durables index gained (1.38%) or 24.09 points to close at 1,775.09. Gainers are Titan Ind (3.38%) and Blue Star L (2.87%).

Mid Session Market - Nov 25, 2008

2008-11-25T12:48:00.000+05:30

The markets are still trading higher after slipping from the day’s high due to concern about the domestic fiscal deficit as Finance minister said that India is likely to miss the revenue and fiscal deficit targets in the current financial year. However, US government’s rescue plans for Citigroup followed by the economic team formation by President-elect Obama and prospects of another economic stimulus package by January have added to the rally. All the sectorial indices are trading in green mainly led by the Power, Metal, Banking, Capital Goods and Oil & Gas stocks. The BSE Mid Cap and the BSE Small Cap index are however trading with a gain of around 1% each.

The BSE Sensex is now trading around the 9,100 mark and the NSE Nifty hovering around the 2,750 mark.

The overall market breadth is positive as 1281 stocks are advancing while 830 stocks are declining and the 80 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading mixed as Hang Seng, Nikkei and Straits Times index are trading higher by (3.91%), (5.22%) and (2.63%) respectively. However the Shanghai Composite index is trading lower by (1.33%).

ONGC reported the top gainer from the BSE Sensex pack as it was trading higher by (4.68%) at Rs. 710.75 while Ranbaxy Laboratories the top loser down by (3.58%) at Rs. 206.

The BSE Mid cap is higher by 36.47 points at 2,938.76 and the BSE small Cap advanced by 27.44 points to trade at 3,391.40.

At 12.31 pm, BSE Sensex was at 9,094.93 up by 191.81 points while the NSE Nifty was at 2,774.85 up by 66.60 points.

BSE Metal index surged by 115.63 points at 4,425.36 as Sesa Goa (7.89%), Jindal Steel (4.44%), SAIL (3.86%) and JSW Steel (3.25%) are trading in green.

BSE Bankex index is trading higher by 71.96 points at 4,526.64. Gainers are Kotak Bank (4.08%), HDFC Bank (3.87%), ICICI Bank (3.47%), AXIS Bank (1.18%) and PNB (0.52%).

BSE Oil & Gas index is trading 89.01 points higher at 5,715.68 as Cairn India (5.83%), Essar Oil (4.36%), ONGC (5.05%) and RNRL (2.42%) are trading in positive.

BSE Capital goods index improved by 149.37 points to 6,704.09. The main gainers are Praj Industries (6.91%), BHEL (3.83%), Siemens (3%), Punj Lloyd (2%).

BSE IT index inclined by 18.22 points to trade at 2,481.17 as Patni Computer (5.82%), Wipro (3.72%), Tech Mahindra (2.45%) and Satyam Computer (2.40%) are trading in positive.

BSE Power index is trading 49.97 points higher at 1,699.41. The main gainers are GVK Power (11.82%), NTPC (3.92%), Torent Power (3.70%), Tata Power (3.20%) and Reliance Power (2.79%).

BSE Realty index improved by 21.95 points to 1,605.25. The major gainers are Unitech (4.32%), Ansal Infra (3.65%), Parsavnath (1.34%), Sobha Developers (0.68%) and Omaxe Ltd. (0.53%).

BSE Auto inclined by 15.66 points to 2,330.01. Leading to its gain are Hero Honda (2.41%), Tata Motors (1.87%) and Maruti Suzuki (1.54%).

Pre Session Market - Nov 25, 2008

2008-11-25T09:45:00.000+05:30

Today markets are likely to open positive as US markets have closed with phenomenal gains and major Asian markets have opened with positive gains. The investors would be little optimistic today as the major markets across the world are showing some strong positive movements. The positive sentiments are also backed by the US economic relief package announced by the US government. It is estimated that a total $ 7.7 trillion support has been planned to revamp the overall US economy. Such a major intervention by the US government will boost the economies across the world.

On Monday, domestic markets opened negative but later during the trading session it moved zigzag with extreme volatility. The domestic markets followed the trend of other Asian markets, which were also trading volatile. However the European markets traded positive on the back of speculations about the news that Britain’s labour government would slash the taxes to boost the consumer spending.

After the volatile trading session the domestic markets ended mixed. Sensex ended with a loss of 0.14% whereas, Nifty closed with a marginal gain of 0.55% respectively. Realty, Bankex, CD, and Metal were thrashed by 3.78%, 3.14%, 2.33% and 1.55% respectively. During the trading session we expect the market to be trading in positive trend.

The BSE Sensex closed low by a marginal 12.09 points at 8,903.12 and NSE Nifty ended higher by 14.80 points at 2,708.25. The BSE Mid Caps and Small Caps closed with losses of 14.37 points at 2,902.29 and by 26.80 points at 3,363.96. The BSE Sensex touched intraday high of 9,042.02 and intraday low of 8,701.93.

On Monday, US markets closed with distinctive gains for the second consecutive trading day. The financial back given by US Federal Reserve has boosted the morale of investors to new highs. The US government is taking $20 billion stake in the Citi group, along with a huge back up of $ 306 billion of Citi group assets. Citi will absorb the first $29 billion in losses on the troubled assets and then 10% on any remaining losses, while the government will cover the remaining 90% in losses.

Further the US president Barrac Obama is planning to come out with another bail out package of $ 700 billion so as to support the US economy and also create 2.5 million new jobs in another 2 years of time. Crude oil futures for the January delivery fell by 69 cents or 1.3% to $53.81 a barrel on New York Mercantile Exchange. Due to gain in the US stock markets and the government’s support for the financial sector, investors were optimistic the demand of crude oil.

The Dow Jones Industrial Average (DJIA) closed higher by 396.97 points at 8,443.39 NASDAQ index gained 87.67 points at 1,472.02 and the S&P 500 (SPX) also closed higher by 51.78 points to close at 851.81 points.

Indian ADRs ended positive with phenomenal gains. In technology sector, Infosys gained by 8.71% and Wipro ended high by 14.97% followed by Satyam that ended high by 8.56% and Patni Computers closing high by 4.60%. In banking sector ICICI Bank was high by 6.49%, while HDFC Bank gained 12.96%. In telecommunication sector, Tata Communication inclined by (27.41%), while MTNL inclined by 7.42%. Sterlite Industries was high by 3.85%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 3.27 at 1,893.79 Hang Seng is high by 486.63 points at 12,944.57. Further Japan''s Nikkei is high by 259.59 points at 8,170.38. Straits Times is also trading high by 47.66 points at 1,667.95 and South Korea’s Seoul Composite is high by 25.05 points at 995.19.

The FIIs on Monday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1070.00 Crore and gross debt purchased stood at Rs 551.00 Crore, while the gross equity sold stood at Rs 1,584.00 Crore and gross debt sold stood at Rs 533.40 Crore. Therefore, the net investment of equity and debt reported were (Rs 514.10) Crore and Rs 17.60 Crore respectively.

On Monday, the partially convertible rupee ended at 50.09/10 per dollar, weaker by Rs 0.5 on Friday’s closing at 50.04/05. The volatile trading in the stock markets left the traders in confusion, however the dollar sales by exporters gave a support to the slipping rupee that touched the low at 50.25 in the day’s trading.

On BSE, total number of shares traded was 22.43 Crore and total turnover stood at Rs 3,206.82 Crore. On NSE, total volume of shares traded was 48.81 Crore and total turnover was Rs 8,505.62 Crore.

Top traded volumes on NSE Nifty – Unitech with 44124168 shares, Suzlon Energy with total volume traded 26557658 shares, followed by SAIL with 13245569 shares, ICICI Bank with 11080726 shares and Reliance Comm with 9439034 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1317898 with a total turnover of Rs 16,732.61 crores. Along with this total number of contracts traded in stock futures were 1208462 with a total turnover of Rs 12,109.91 Crore. Total numbers of contracts for index options were 1220154 with a total turnover of Rs 16960.34 Crore and total numbers of contracts for stock options were 35424 and notional turnover was Rs 416.08 Crore.

Today, Nifty would have a support at 2,650 and resistance at 2,845 and BSE Sensex has support at 8,840 and resistance at 9,380.

Post Session Market - Nov 24, 2008

2008-11-24T16:33:00.000+05:30

The domestic market closed flat after remaining unstable during the trading session due to lack of conviction. Market opened slightly lower tracking weak cues from Asian markets. Further benchmark indices suddenly made sharp turn from the opening low’s and gained some ground as buying action was witnessed among the selective scrips. However, same momentum did not sustained for long as the volatility griped the market. Asian markets ended weak, as the Citigroup share slump worries and investors decided to stay on the edge of the fence, hoping for some fresh cues from the policymakers.

Further, the announcement made by US government that an amount of USD 306 billion will be provided as a rescue package for Citigroup did not impact much on domestic investors. NSE Nifty ended above 2,700 mark and BSE Sensex around 8,900 level. From the sectoral front, Reality, Bank, Consumer Durable, Metal and Capital Goods stocks remained out of favor as most of the selling was seen from these baskets. Midcap and Small cap stocks were also under bears'' control. However, Power, FMCG, Oil & Gas, Teck and Pharma stocks tried to offset the negative sentiment as were able to gather the buying momentum.

Among the Sensex pack 17 stocks ended in red territory and 13 in green. The market breadth was negative as 1382 stocks closed in red while 1060 stocks closed in green and 75 stocks remained unchanged.

The BSE Sensex closed marginally lower by 12.09 points at 8,903.12 and NSE Nifty ended slightly up by 14.80 points at 2,708.25. The BSE Mid Caps and Small Caps closed with losses of 14.37 points and 26.80 points at 2,902.29 and 3,363.96 respectively. The BSE Sensex touched intraday high of 9,042.02 and intraday low of 8,701.93.

Losers from the BSE Sensex pack are Satyam Computer (4.57%), ICICI Bank (3.87%), DLF Ltd (3.81%), M&M Ltd (3.15), SBI (3.03%), HDFC Bank (2.94%), Ranbaxy Lab (2.78%), Grasim Indus (2.77%), Tata Steel (2.53%), Sterlite Industries (1.90%), HDFC (1.84%) and ONGC Ltd (1.61%).

Gainers from the BSE Sensex pack are Reliance Infra (4.00%), Maruti Suzuki (3.64%), Tata Power (3.57%), TCS Ltd (2.79%), Bharti airtel (2.79%), NTPC Ltd (1.96%), Wipro Ltd (1.68%), BHEL (1.56%), Reliance (1.56%), Infosys Tech (0.97%) and ACC Ltd (0.85%).

The BSE Reality index ended down by (3.78%) or 62.12 points at 1,583.30. Major losers are Unitech Ltd (9.11%), Penland Ltd (6.18%), Ansal Infra (4.49%), Parsvnath (3.87%), DLF Ltd (3.81%) and Indiabull Real (3.56%).

The BSE Bank index lost (3.14%) or 144.22 points to close at 4,454.68. Major losers are Bank of India (5.08%), IDBI Bank (4.97%), Bank of Baroda (4.69%), ICICI Bank (3.87%), Axis Bank (3.44%) and Union Bank (3.36%).

The BSE Consumer Durables index dropped by (2.33%) or 41.82 points to close at 1,751.90. Losers are Blue Star L (6.07%), Titan Ind (2.81%) and Rajesh Export (1.12%).

The BSE Power index ended higher by (1.94%) or 30.80 points at 1,619.44 as Reliance Power (6.32%), Reliance Infra (4.00%), Tata Power (3.57%), Crompton Greaves (2.78%), GVK Power (2.66%) and Power Grid (2.58%) ended in positive territory.

The BSE Oil & Gas index advanced by (1.37%) or 75.78 points to close at 5,626.67. Gainers are IOC Ltd (7.14%), HPCL (6.57%), GAIL India (5.14%), Aban Offshore (4.32%), BPCL (2.87%) and Reliance (1.56%).

The BSE FMCG index gained (1.09%) or 20.66 points to close at 1,908.41. Gainers are United Spr (14.97%), Marico Ltd (4.75%), Britania In (2.67%), Ruchi Soya (2.49%) and Godrej Cons (2.09%).

Mid Session Market - Nov 24, 2008

2008-11-24T12:52:00.000+05:30

The markets are now trading flat with a little bit of volatility and are swinging in between the positive and negative territory. The buying momentum is seen among the Power, IT, Capital Goods, FMCG and Auto stocks. However, the Banking, Realty, Consumer Durables and Metal stocks are facing the selling pressure. The BSE Mid Cap and the BSE Small Cap index are however trading with marginal loss.

The BSE Sensex is now trading around the 8,900 mark and the NSE Nifty hovering around the 2,700 mark.

The overall market breadth is negative as 993 stocks are advancing while 1094 stocks are declining and the 67 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading lower as Shanghai Composite, Hang Seng and Straits Times index slipped by (2.77%), (1.23%) and (1.85%) respectively. The Japanese market is shut today.

Reliance Infra reported the top gainer from the BSE Sensex pack as it was trading higher by (5.52%) at Rs. 512 while Sterlite Industries the top loser down by (4.18%) at Rs. 209.60.

The BSE Mid cap is lower by 8.26 points at 2,908.40 and the BSE small Cap slipped by 11.39 points to trade at 3,379.37.

At 12.31 pm, BSE Sensex was at 8,903.68 down by 11.53 points while the NSE Nifty was at 2,701.95 up by 8.50 points.

BSE Metal index slipped by 42.16 points at 4,335.44 as Sesa Goa (13.18%), Sterlite Industries (4.25%), Tata Steel (1.28%) and JSW Steel (1.05%) are trading in red.

BSE Bankex index is trading lower by 152.22 points at 4,446.68. Losers are AXIS Bank (4.07%), IDBI Bank (3.37%), ICICI Bank (3.61%), PNB (2.87%) and SBI (2.73%).

BSE Oil & Gas index is trading 44.50 points lower at 5,506.39 as Cairn India (1.10%), RPL (0.47%), BPCL (0.43%) and Essar Oil (0.15%) are trading in negative.

BSE Capital goods index improved by 17.64 points to 6,574.01. The main gainers are Punj Lloyd (3.43%), Praj Industries (2.13%), L&T (1.56%), BHEL (1.23%).

BSE IT index inclined by 16.79 points to trade at 2,474.34 as TCS (3.55%), HCL Technologies (3.45%), Infosys Technologies (1.29%) are trading in positive.

BSE Power index is trading 14.36 points higher at 1,603. The main gainers are Reliance Power (4.12%), GVK Power (3.82%), Torent Power (3.21%), Tata Power (2.22%) and Power Grid (1.49%).

BSE Realty index dropped by 58.62 points to 1,586.80. The major losers are Unitech (7.38%), Parsavnath (3.44%), DLF (2.62%), Sobha Developers (2.20%) and Ansal Infra (1.99%).

BSE Auto declined by 2.04 points to 2,303.08. Leading to its fall are Bajaj Auto (2.44%), Mahindra & Mahindra (1.39%) while Hero Honda (4.12%), Tata Motors (2.25%) and Maruti Suzuki (1.26%).

Pre Session Market - Nov 24, 2008

2008-11-24T09:54:00.000+05:30

Today markets are likely to open negative as on the week end markets had gained enough. The other Asian markets have also opened with a blood bath. However, one may witness some extremely volatility in the markets. On the global front APEC leaders have on Sunday chalked out plans to prevent the economic downturn. The markets today would be little choppy and volatile.

On Friday, domestic markets opened with phenomenal gains and continued the trend through out the session. The European markets traded positive and the other Asian markets also helped keep the positive sentiments. Despite the profit booking in the mid session, the bulls helped the markets bounce back with short coverings. Sensex and Nifty gained by phenomenal 5.49% and 5.50% respectively. Power, Oil & Gas and CG gained phenomenal by 6.21%, 5.69%, and 5.59% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed higher by 464.20 points at 8,915.21 and NSE Nifty ended higher by 140.30 points at 2693.45. The BSE Mid Caps and Small Caps closed with gains of 20.87 points at 2,916.66 and by 5.42 points at 3,390.76. The BSE Sensex touched intraday high of 8,988.03 and intraday low of 8,442.31.

On Friday, US markets closed with phenomenal gains. The heavy losses on the early of the week had prompted the bargain hunters to bid for stocks higher. Despite such gains on the last trading day of the week, the week finished with a loss of 8.4%.There are also speculations surrounding the Citi Group. The energy stocks moved up on the back of surge in the Crude oil prices. Crude oil futures for the January delivery rose by $1.41 or 2.8% to $51.34 a barrel on New York Mercantile Exchange. The oil surged on the back of speculations that OPEC would further cut the production to support the price.

The Dow Jones Industrial Average (DJIA) closed higher by 494.13 points at 8,046.42 NASDAQ index gained 68.23 points at 1,384.35 and the S&P 500 (SPX) also closed higher by 47.59 points to close at 800.03 points.

Indian ADRs ended positive. In technology sector, Infosys gained by 8.76% and Wipro ended high by 13.29% followed by Satyam that ended high by 6.98% and Patni Computers closing high by 6.53%. In banking sector ICICI Bank was high by 15.53%, while HDFC Bank gained 6.72%. In telecommunication sector, Tata Communication declined by (1.22%), while MTNL inclined by 6.79%. Sterlite Industries was high by 10.53%.

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 31.69 at 1,937.69 Hang Seng is low by 171.84 points at 12,487.36. Further Japan''s Nikkei is high by 207.75 points at 7,910.79. Straits Times is also trading low by 30.01 points at 1,632.09 and South Korea’s Seoul Composite is low by 29.45 points at 974.28.

The FIIs on Friday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 998.40 Crore and gross debt purchased stood at Rs 463.50 Crore, while the gross equity sold stood at Rs 1,654.50 Crore and gross debt sold stood at Rs 245.40 Crore. Therefore, the net investment of equity and debt reported were (Rs 656.10) Crore and Rs 218.10 Crore respectively.

On Friday, the partially convertible rupee ended at 50.04 per dollar, stronger by 0.3% on Thursday’s closing at 50.18. The gains on the last day of the week of stock markets helped. The large domestic funds also bought heavily on the late trading day. On the other hand foreign funds have sold a net $13.5 billon of Indian stocks.

On BSE, total number of shares traded was 27.58 Crore and total turnover stood at Rs 3,580.22 Crore. On NSE, total volume of shares traded was 59.48 Crore and total turnover was Rs 9,484.66 Crore.

Top traded volumes on NSE Nifty – Unitech with 46884893 shares, Suzlon Energy with total volume traded 35436275 shares, followed by ICICI Bank with 18205400 shares, DLF with 17666655 shares and Reliance Petro with 13155836 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1360434 with a total turnover of Rs 16760.22 crores. Along with this total number of contracts traded in stock futures were 1242934 with a total turnover of Rs 11836.74 Crore. Total numbers of contracts for index options were 1353209 with a total turnover of Rs 18519.66 Crore and total numbers of contracts for stock options were 53296 and notional turnover was Rs 579.53 Crore.

Today, Nifty would have a support at 2,585 and resistance at 2,720 and BSE Sensex has support at 8,740 and resistance at 9,100.

Post Session Market - Nov 21, 2008

2008-11-21T16:41:00.000+05:30

The domestic market broke its seven days of losing trend and concluded the day with handsome gains on huge buying across the board. The market opened strongly after a sharp pull back from yesterday on the back of recovery in the Asian markets from initial fall along with reduction in domestic inflation figures. The wholesale price index stood at 8.90% for the week ended 8th November 2008, marginally below the previous week’s annual rise of 8.98%.

The market maintained its opening gains and continued to trade strongly though touched dotted line after mid session. Further, market managed to gain strength and rallied again to close with heavy gains on short covering and firm global markets. BSE Sensex crossed 8,900 mark with increase of 5.49% and NSE Nifty ended around 2,700 mark with gain of 5.5%. From the sectoral front, most of the indices closed in green and Power, Oil & Gas, Capital Goods, PSU, Bank, Teck and IT stocks were in limelight as strong buying witnessed in these baskets. However, Reality index remain out of favour during the trading session.

Among the Sensex pack 26 stocks ended in green territory and 4 in red. The market breadth was negative as 1293 stocks closed in red while 1177 stocks closed in green and 96 stocks remained unchanged.

The BSE Sensex closed higher by 464.20 points at 8,915.21 and NSE Nifty ended up by 140.30 points at 2,693.45. The BSE Mid Caps and Small Caps closed with gains of 20.87 points and 5.42 points at 2,916.66 and 3,390.76 respectively. The BSE Sensex touched intraday high of 8,988.03 and intraday low of 8,442.31.

Gainers from the BSE Sensex pack are Reliance Infra (14.07%), Reliance Communication Ltd (13.64%), Sterlite Indus (9.10%), NTPC Ltd (8.80%), HDFC (8.49%), SBI (8.29%), TCS Ltd (7.89%), BHEL (7.29%), L&T Ltd (6.75%), Reliance (6.49%), ONGC Ltd (6.10%) and Maruti Suzuki (5.90%).

Losers from the BSE Sensex pack are DLF Ltd (3.41%), JP Associates (2.18%), ACC Ltd (2.08%) and Tata Power (0.47%).

The BSE Power index gained (6.21%) or 92.94 points to close at 1,588.64. Major gainers are Reliance Infra (14.07%), GVK Power (13.28%), NTPC Ltd (8.80%), Suzlon Energy (8.04%), BHEL (7.29%) and Power Grid (6.28%).

The Oil & Gas index ended up by (5.69%) or 298.88 points at 5,550.89 as Reliance (6.49%), ONGC Ltd (6.10%), Reliance Petroleum (5.72%), Cairn Ind (5.52%), BPCL (4.78%) and IOC (4.22%) in positive territory.

The BSE Capital Goods index ended higher by (5.59%) or 346.99 points at 6,556.37. Major gainers are Suzlon Energy (8.04%), BHEL (7.29%), L&T Ltd (6.75%), Alstom Proje (4.90%), Punj Lloyd (4.71%) and Reliance Industrial Infra (4.64%).

The BSE Teck index advanced by (5.22%) or 95.69 points to close at 1,927.62 as Reliance Communication Ltd (13.64%), Deccan Chronicle (11.75%), Jagran Prak (9.53%), TCS Ltd (7.89%), Financ Tech (7.52%) and Idea Cell (7.15%) ended in positive territory.

The BSE PSU index surged (5.04%) or 220.39 points to close at 4,589.33. Gainers are Nalco (10.55%), NTPC Ltd (8.80%), SBI (8.29%), BHEL (7.29%), SAIL (7.25%) and Power Grid (6.28%).

The BSE Reality index dropped by (2.00%) or 33.64 points to close at 1,645.42. Losers are Unitech Ltd (9.39%), Housing Dev (4.05%), Penland Ltd (3.78%), DLF Ltd (3.41%), Ansal Infra (3.37%) and Mahindra Life (2.27%).

Mid Session Market - Nov 21, 2008

2008-11-21T12:47:00.000+05:30

The markets are still trading higher as the benchmark indices are witnessing huge buying interest. The Capital Goods, IT, Power, Oil & Gas, Metal and Banking stocks are on the buyer’s ride today. Further the positive Asian markets also added to the rally. The BSE Mid Cap and the BSE Small Cap index are however trading with marginal gain.

The BSE Sensex is now trading above the 8,700 mark and the NSE Nifty is hovering around the 2,600 mark.

The overall market breadth is negative as 1074 stocks are advancing while 1090 stocks are declining and the 92 stocks remained unchanged on BSE.

On the global market front, the Asian Markets made a sharp rebound from the day’s low as investors started betting on battered financial and technology shares. Nikkei, Shanghai Composite, Hang Seng and Straits Times index are trading higher by (2.70%), (1.14%), (3.83%) and (1.88%) respectively.

Hindalco Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (6%) at Rs. 53 while DLF the top loser down by (5.46%) at Rs. 194.

The BSE Mid cap is higher by 4.69 points at 2,900.48 and the BSE small Cap advanced by 6.58 points to trade at 3,391.92.

At 12.31 pm, BSE Sensex was at 8,715.08 up by 264.07 points while the NSE Nifty was at 2,629.85 up by 76.70 points.

BSE Metal index advanced by 154.46 points at 4,404.95 as Hindalco Industries (5.50%), NALCO (5.10%), Sterlite Industries (4.86%) and SAIL (4.69%) are trading in green.

BSE Bankex index is trading higher by 151.48 points at 4,549.77. Gainers are Kotak Bank (4.63%), SBI (4.26%), PNB (3.65%), AXIS Bank (3.07%) and HDFC Bank (3.01%).

BSE Oil & Gas index is trading 216.90 points higher at 5,468.91 as ONGC (3.71%), Gail India (2.51%), Indian Oil (2.72%) and RPL (2.36%) are trading in positive.

BSE Capital goods index surged by 275.87 points to 6,485.25. The main gainers are L&T (4.38%), Siemens (4.61%), Punj Lloyd (3.28%), BHEL (4.94%) and ABB (1.42%).

BSE IT index inclined by 100.86 points to trade at 2,444.70 as TCS (6.28%), Wipro (4.51%), Infosys Technologies (3.88%), Satyam Computer (2.85%) are trading in positive.

BSE Power index is trading 66.23 points higher at 1,561.93. The main gainers are Suzlon Energy (8.80%), GVK Power (5.56%), Torent Power (3.68%), NTPC (3.91%).

BSE Realty index slipped by 50.37 points to 1,628.69. The major losers are Unitech (10.67%), HDIL (6.27%), Omaxe Ltd. (5.37%), DLF (5.14%) and Parsavnath (3.13%).

BSE Auto inclined by 40.78 points to 2,293.75. Leading to its gain are Mahindra & Mahindra (3.43%), Maruti Suzuki (2.83%), Tata Motors (2.85%).

Pre Session Market - Nov 21,

2008-11-21T09:50:00.000+05:30

Today Markets are likely to open with blood bath as US markets closed in deep red and other Asian markets have also opened with brutal losses. The job markets data caused the carnage in US and the weak sentiments have now plagued the other Asian markets. The sentiments are very fragile and as today is the closing day of the weak one could witness the investors being in a cautious note and hence little chances for markets to bounce back. The inflation data for the week ended November 8, 2008 recorded at 8.90% lower than 8.98% in the week earlier.

On Thursday, domestic Markets opened with heavy losses and continued the down trend till the end. The weak setiments across the markets in the world could be the sole cause of the fall. However investors are also skeptic about the present domestic economic scenario. Markets across Asia, Europe and US have faced extreme bearish pressures due to concerns over the global economy moving towards recession. Sensex and Nifty fell by 3.68% and 3.11% respectively. Realty, CD and Oil & Gas were the worst hit as they fell by 8.30%, 4.95%, 4.64% respectively. During the trading session we expect the market to be trading in deep red.

The BSE Sensex closed lower by 322.77 points at 8,451.01 and NSE Nifty ended lower by 81.85 points at 2553.15. The BSE Mid Caps and Small Caps closed with losses of 102.60 points at 2,895.79 and by 107.78 points at 3,385.34. The BSE Sensex touched intraday high of 8,540.46 and intraday low of 8,316.39.

On Thursday, US markets fell drastically. The bad job market news and the weak financial sector caused the blood bath in the markets. The latest jobless data shows 11th consecutive decline in monthly nonfarm payrolls. Initial jobless claims for the week ended November 15, 2008 jumped 27,000 to 542,000. That took the 4-week moving average to 506,500 from 490,750. Further the continuing claims increased to 4.01 million from 3.90 million. Crude oil futures for the December delivery fell by $4 cents to $49.62 a barrel on New York Mercantile Exchange. This is the lowest price since May 23, 2005. The weak concern about the economy has pulled the demand for oil.

The Dow Jones Industrial Average (DJIA) closed lower by 444.99 points at 7552.29 NASDAQ index lost 70.30 points at 1,316.12 and the S&P 500 (SPX) also closed lower by 54.14 points to close at 752.44 points.

Indian ADRs ended negative. In technology sector, Infosys fell by (5.67%) and Wipro ended low by (8.19%) followed by Satyam that ended low by (5.81%) and Patni Computers closing low by (6.49%). In banking sector ICICI Bank was low by (9.72%), while HDFC Bank fell (9.66%). In telecommunication sector, Tata Communication declined by (8.53%), while MTNL declined by (5.69%). Sterlite Industries was low by (5.23%).

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading low by 73.89 at 1,909.87 Hang Seng is low by 293.00 points at 12,005.56. Further Japan''s Nikkei is low by 170.93 points at 7,532.11. Straits Times is also trading low by 26.86 points at 1,587.09 and South Korea’s Seoul Composite is low by 9.09 points at 939.60.

The FIIs on Thursday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1,884.00 Crore and gross debt purchased stood at Rs 337.60 Crore, while the gross equity sold stood at Rs 2,092.20 Crore and gross debt sold stood at Rs 0.00 Crore. Therefore, the net investment of equity and debt reported were (Rs 208.10) Crore and Rs 337.60 Crore respectively.

On Thursday, the partially convertible rupee ended at 50.18/22 per dollar, weaker by 0.3% on Wednesday’s closing at 50.02/03. The weak markets have led to outflow of dollars hugely, however today the heavy selling of dollars by state-run banks on behalf of the central bank helped the rupee to pair off its weakness.

On BSE, total number of shares traded was 22.17 Crore and total turnover stood at Rs 2,899.59 Crore. On NSE, total volume of shares traded was 48.36 Crore and total turnover was Rs 7,793.97 Crore.

Top traded volumes on NSE Nifty – Suzlon Energy with total volume traded 22989561, followed by Unitech with 19375349, Reliance Petro with 15043893, ICICI Bank with 12389261 and SAIL with 10482309 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1019079 with a total turnover for the same was Rs 12060.2 crores. Along with this total number of contracts traded in stock futures were 931039 with a total turnover of Rs 8985.35 Crore. Total numbers of contracts for index options were 1199223 and total turnover was Rs 16379.92 Crore and total numbers of contracts for stock options were 52216 and notional turnover was Rs 558.36 Crore.

Today, Nifty would have a support at 2,405 and resistance at 2,535 and BSE Sensex has support at 8,010 and resistance at 8,310.

Post Session Market - Nov 20, 2008

2008-11-20T16:39:00.000+05:30

The Indian markets closed with deep cut on heavy selling pressures across the sectoral indices. The weak cues from the global markets led the domestic market to open on the backfoot and kept on hovering I the negative territory throughout the trading session without showing any sign of recovery. The fall in weekly inflation figures fell to give a support to the market. The wholesale price index rose 8.90% in the 12 months to 8 November 2008, marginally below the previous week''s annual rise of 8.98%.

From the sectoral front, the Realty index was the worst hit that closed with a cut of more than 8%. Along with this, Consumer Durables, Oil & Gas, Bankex, Metal and Auto indices also remained out of favor that closed with losses of more than 4% each. The BSE Sensex ended below 8,500 level and NSE Nifty closed below 2,600 mark. The Midcap and Small cap stocks were also under extreme pressures.

Among the Sensex pack 25 stocks ended in red territory and 5 in green. The market breadth was negative as 1899 stocks closed in red while 594 stocks closed in green and 77 stocks remained unchanged.

The BSE Sensex closed lower by 322.77 points at 8,451.01 and NSE Nifty ended down by 81.85 points at 2,553.15. The BSE Mid Caps and Small Caps closed with losses of 102.60 points and 107.78 points at 2,895.79 and 3,385.34 respectively. The BSE Sensex touched intraday high of 8,540.46 and intraday low of 8,316.39.

Losers from the BSE Sensex pack are DLF 8.56%, Reliance Communication 8.32%, Sterlite Inds 7.96%, ICICI Bank 7.87%, HDFC bank 7.30% and JP Associates 6.66%.

The BSE Realty index dropped by (8.30%) or 151.88 points to close at 1,679.06. Losers are HDIL 11.06% along with Unitech 9.87%, Ansal Infra 9.71%, Indiabull Real 9.57%, Orbitco 8.99%, DLF 8.57% and Penland 7.04%.

The BSE CD index lost (4.95%) or 91.97 points to close at 1,763.93. Major losers are Blue Star 8.76%, Rajesh Exports 7.22%, Gitanjali GE 4.61%, Videocon Inds 4.37% and Titan Inds 2.80%.

The BSE Oil and Gas index ended down by (4.64%) or 255.47 points at 5,252.01 as Reliance Inds 6.58%, Cairn India 5.37%, Aban Offshore 4.56%, RPL 4.31%, Gail India 4.05%, RNRL 3.31% and HPCL 2.47% closed lower.

The BSE Bankex index ended lower by (4.32%) or 198.66 points to 4,398.29 as Yes bank 8.34%, ICICI Bank 7.87%, Indus Ind Bank 7.48%, HDFC bank 7.30%, Oriental bank 5.41%, IOB 5.37%, Axis bank 5%, Federal bank 4.82% closed in negative.

The BSE Metal index ended down by (4.18%) or 185.65 points at 4,250.49. Major losers are Gujarat NRE Coke 8.25%, Sterlite Inds 7.96%, Jindal Steel 7.48%, Sesa Goa 7.47%, JSW Steel 7.21%, NMDC 5.81% and Hind Zinc 4.47%.

The BSE Auto index plunged (4.14%) or 97.27 points to close at 2,252.97. Losers are Bharat Forge 8.15%, Maruti Suzuki 6.52%, Tata Motors 6.47%, Amtek Auto 6.17%, Bajaj Auto 5.41% and Hero Honda 5.21%.

Mid Session Market - Nov 20, 2008

2008-11-20T12:48:00.001+05:30

The markets are not showing any sign of recovery and are still trading lower with a deep cut. The selling pressure continued across the board mainly led by the Realty, Banking, Auto, IT and Metal stocks. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a loss of more than 3% each.

Inflation has further declined to 8.90% for the week ended November 8, marginally below the previous week''s annual rise of 8.98%. This sharp fall in inflation was mainly on account of declining prices of fuel items, triggered by fall in international crude prices.

The BSE Sensex is now trading below the 8,400 mark and the NSE Nifty is hovering around the 2,500 mark.

The overall market breadth is negative as 385 stocks are advancing while 1847 stocks are declining and the 60 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading lower as Nikkei, Shanghai Composite, Hang Seng and Straits Times index are trading lower by (6.89%), (0.79%), (6.05%) and (3.25%) respectively.

HDFC reported the top loser from the BSE Sensex pack as it was trading lower by (9.96%) at Rs. 1,230 followed by Tata Power down by (8.44%) at Rs. 620.

The BSE Mid cap is lower by 112.09 points at 2,886.30 and the BSE small Cap slipped by 127.42 points to trade at 3,365.70.

At 12.31 pm, BSE Sensex was at 8,363.75 down by 410.03 points while the NSE Nifty was at 2,526.60 down by 108.40 points.

BSE Metal index dropped by 216.83 points at 4,219.31 as Jindal Steel (9.07%), Gujarat NRE (8.04%), JSW Steel (5.47%) and Sterlite Industries (5.12%) are trading in red.

BSE Bankex index is trading lower by 280.82 points at 4,316.13. Losers are ICICI Bank (7.91%), HDFC Bank (7.33%), IDBI Bank (5.88%), PNB (5.49%) and AXIS Bank (4.08%).

BSE Oil & Gas index is trading 263.86 points lower at 5,243.62 as Aban Offshore (5.93%), Essar Oil (5.41%), Gail India (4.58%) and Cairn India (4.56%) are trading in negative.

BSE Capital goods index slipped by 220.13 points to 6,176.63. The main losers are Gammon India (6.83%), Punj Lloyd (5.49%), BHEL (3.82%), L&T (2.76%) and Siemens (1.03%).

BSE IT index declined by 96.96 points to trade at 2,313.98 as Tech Mahindra (5.85%), Wipro (4.74%), Satyam Computer (4.67%), Infosys Technologies (3.67%) are trading in negative.

BSE Power index is trading 69.81 points lower at 1,460.11. The main losers are Tata Power (8.14%), Suzlon Energy (3.78%), Power Grid (3.41%), Reliance Power (2.78%).

BSE Realty index slipped by 138.27 points to 1,692.67. The major losers are HDIL (11.01%), India Bull Real (10.21%), Unitech (7.56%) and DLF (6.89%).

BSE Auto declined by 108.80 points to 2,241.44. Leading to its fall are Maruti Suzuki (6.10%), Hero Honda (4.96%), Bajaj Auto (4.57%) and Mahindra & Mahindra (4.61%).

Pre Session Market - Nov 20, 2008

2008-11-20T09:49:00.000+05:30

Today Markets are likely to open with heavy blood bath as US markets ended in deep red and other Asian markets have also opened with heavy losses. The US economic forecasts are very poor, which could affect the markets sentiments of various other nations severely. Apart from the weak global cues, the domestic economic scenario is not very encouraging to support the weak markets sentiments. Today one could witness the markets to be trading in deep red amidst weak sentiments across the markets around the world.

On Wednesday, domestic Markets opened positive but could not retain its charm till the end. The early gains were later paired off heavily and the markets plunged into red territory. The sentiments got worst after the post mid session as investors started booking profits. Sensex and Nifty fell by 1.83% and 1.79% respectively. CG, Bankex and Power were the worst hit as they fell by 3.47%, 2.86%, 2.68% respectively. During the trading session we expect the market to be trading in deep red.

The BSE Sensex closed lower by 163.42 points at 8,773.78 and NSE Nifty ended lower by 48.15 points at 2,635.00. The BSE Mid Caps and Small Caps closed with losses of 61.93 points at 2,998.39 and by 65.54 points at 3,493.12. The BSE Sensex touched intraday high of 9,236.27 and intraday low of 8,726.80.

On Wednesday, US markets fell drastically on weak macro economic data. The CPI numbers have fallen by 1% as energy prices fell by 8.6%. Fed has reduced forecasts for GDP growth and inflation amidst concerns of economic slowdown. The housing construction data fell to lowest on records. For 2008, the Fed expects the economy will grow between 0.0% and 0.3%, down sharply from its previous forecast of 1.0% to 1.6%. The 2009 forecast now calls for growth between -0.2% and 1.1%, down from the previous forecast of 2.0% to 2.8%. The Fed also raised its unemployment forecast. Crude oil futures for the December delivery fell by $68 cents or 1.3% to $52.94 a barrel on New York Mercantile Exchange. The EIA on Wednesday reported that the demand fell by 7% against year ago as consumptions have shrunken due to economic crisis.

The Dow Jones Industrial Average (DJIA) closed lower by 427.47 points at 7997.28 NASDAQ index lost 96.85 points at 1,386.42 and the S&P 500 (SPX) also closed lower by 52.54 points to close at 806.58 points.

Indian ADRs ended negative. In technology sector, Infosys fell by (7.25%) and Wipro ended low by (6.74%) followed by Satyam that ended low by (6.09%) and Patni Computers closing low by (4.20%). In banking sector ICICI Bank was low by (13.63%), while HDFC Bank fell (10.14%). In telecommunication sector, Tata Communication declined by (14.97%), while MTNL declined by (6.33%). Sterlite Industries was low by (4.97%).

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading low by 5.85 at 2,011.62. Hang Seng is low by 649.39 points at 12,166.41. Further Japan''s Nikkei is low by 357.59 points at 7,915.63. Straits Times is also trading low by 43.05 points at 1,622.54 and South Korea’s Seoul Composite is low by 45.57 points at 971.25.

The FIIs on Wednesday stood as net sellers in equity and debt. The Gross equity purchased stood at Rs 1,137.60 Crore and gross debt purchased stood at Rs 29.60 Crore, while the gross equity sold stood at Rs 1,506.90 Crore and gross debt sold stood at Rs 243.70 Crore. Therefore, the net investment of equity and debt reported were (Rs 369.30) Crore and (Rs 214.10) Crore respectively.

On Wednesday, the partially convertible rupee ended at 50.02/03 per dollar, weaker by 0.7% on Tuesday’s closing at 49.66/67. The concerns of falling stock markets and off-shore dollar demand have hurt the rupee badly.

On BSE, total number of shares traded was 24.07 Crore and total turnover stood at Rs 3,545.97 Crore. On NSE, total volume of shares traded was 51.40 Crore and total turnover was Rs 9,286.43 Crore.

Top traded volumes on NSE Nifty – Suzlon Energy with total volume traded 39584638, followed by SAIL with 19132332, Unitech with 17824847, ICICI Bank with 11769881, Reliance Petro with 11254154 and Reliance with 10156564 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1099000 with a total turnover for the same was Rs 13904.47 crores. Along with this total number of contracts traded in stock futures were 999188 with a total turnover of Rs 10027.8 Crore. Total numbers of contracts for index options were 1206852 and total turnover was Rs 17220.49 Crore and total numbers of contracts for stock options were 46937 and notional turnover was Rs 503.61 Crore.

Today, Nifty would have a support at 2,490 and resistance at 2,620 and BSE Sensex has support at 8,205 and resistance at 8,730.

Post Session Market - Nov 19, 2008

2008-11-19T16:36:00.000+05:30

The domestic market pared all its earlier gains during the second half of session to close in red terrain due to lower US index futures and weak European markets. Fears of more foreign fund outflow offset expectation of an interest rate cut by Reserve Bank of India and more measures from the government to revive the domestic economy. The market took a rebound from five-day losing streak and belled the day on positive note. The benchmark indices continued to trade higher till afternoon on support of sustained buying on key stocks.

Further market was not capable to continue the momentum and started losing ground on account of weak cues worldwide. Finally market concluded the day with negative gap. The BSE Sensex ended below 8,800 level and NSE Nifty closed below 2,700 mark. From the sectoral front, the Capital Goods stocks were worst performers as ended with cut of more than 3%. Apart from that the Bank, Power, Teck, Metal, PSU and IT stocks also followed the same trend as witnessed most of the selling from these baskets. Midcap and Small cap stocks were also under bears'' control. However, FMCG, Auto and Consumer Durables stocks were able achieve favor from the market.

Among the Sensex pack 25 stocks ended in red territory and 5 in green. The market breadth was negative as 1718 stocks closed in red while 778 stocks closed in green and 77 stocks remained unchanged.

The BSE Sensex closed lower by 163.42 points at 8,773.78 and NSE Nifty ended down by 48.15 points at 2,635. The BSE Mid Caps and Small Caps closed with losses of 61.3 points 2,998.39 and by 65.54 points at 3,493.12. The BSE Sensex touched intraday high of 9,236.27 and intraday low of 8,726.80.

Losers from the BSE Sensex pack are JP Associates (6.04%), Hindalco (5.19%), Reliance Communication Ltd (5.15%), Grasim Industries (4.62), L&T Ltd (4.12%), Reliance Infra (3.99%), HDFC (3.74%), ICICI Bank (3.62%), Satyam Computer (3.57%), HDFC Bank (3.28%), Wipro Ltd (3.18%) and BHEL (2.81%).

Gainers from the BSE Sensex pack are ITC Ltd (2.80%), Ranbaxy Lab (1.86%), M&M Ltd (1.03%), Maruti Suzuki (0.73%) and DLF Ltd (0.13%).

The BSE Capital Goods index dropped by (3.47%) or 229.74 points to close at 6,393.76. Losers are Praj Industries (8.17%), Thermax Ltd (7.51%), Aiaengineer (7.11%), Areva (6.13%), Suzlon Energy (5.74%) and Bharat Bijli (5.27%).

The BSE Bank index lost (2.86%) or 135.53 points to close at 4,596.95. Major losers are Allahabad Bank (5.82%), Karnataka Bank (5.39%), IDBI Bank (5.12%), Union Bank (4.36%), Kotak Bank (4.19%) and Indian Overseas Bank (3.94%).

The BSE Power index ended down by (2.68%) or 42.06 points at 1,529.92 as GMR Infra (9.41%), GVK Power (9.20%), Suzlon Energy (5.74%), Lanco Infra (4.36%), Reliance Infra (3.99%) and Siemens Ltd (3.40%) in negative territory.

The BSE Teck index ended lower by (1.90%) or 36.70 points to 1,898.09 as Tanla (11.31%), Tech Mahindra (8.54%), Mphasis Ltd (7.99%), Tata Communication Ltd (6.65%), Dish TV (5.93%) and Tel Eighteen (5.45%) ended in negative territory.

The BSE Metal index ended down by (1.77%) or 80.14 points at 4,436.14. Major losers are Hindalco (5.19%), Nalco (5.05%), Gujarat NRE C (4.90%), Steel Authority (3.99%), Welspan Gujarat SR (3.76%) and Ispat Industries (2.17%).

The BSE PSU index plunged (1.72%) or 78.12 points to close at 4,453.96. Losers are MRPL (7.28%), Allahabad Bank (5.82%), IDBI Bank (5.12%), Nalco (5.05%), Union Bank (4.36%) and Indian Overseas Bank (3.94%).

The BSE FMCG index gained (1.52%) or 27.94 points to close at 1,866.02. Gainers are Nestle Ltd (2.95%), United Spr (2.84%), ITC Ltd (2.80%), Marico (2.05%) and Colgate Palm (0.58%).

Mid Session Market - Nov 19, 2008

2008-11-19T12:48:00.001+05:30

The markets gains further ground and are now trading strongly as fresh buying witnessed among the selective scrips mainly led by the Realty, Oil & Gas, Metal, Auto and Banking stocks. Some bit of recovery is seen in the Asian market. The BSE Mid Cap and the BSE Small Cap index are also trading higher. The markets got a boost on reports that the RBI may announce a rate cut in a week or two. Further, there were reports that the government in order to boost the economy may inject a massive Rs 50,000 crore for funding infrastructure projects.

The BSE Sensex is now trading above the 9,150 mark and the NSE Nifty above the 2,750 mark.

The overall market breadth is positive as 1135 stocks are advancing while 1034 stocks are declining and the 79 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed after managed to reover from the early lows as Shanghai Composite, Hang Seng and Straits Times index are trading higher by (5.42%), (1.51%) and (0.51%) respectively. However, the Nikkei and KLSE Composite index are trading lower by (0.66%) and (0.11%) respectively.

DLF reported the top gainer from the BSE Sensex pack as it was trading higher by (6.74%) at Rs. 239.20 while Satyam Computer the top loser down by (2.04%) at Rs.237.15.

The BSE Mid cap is higher by 14.26 points at 3,074.58 and the BSE small Cap marginally higher by 0.09 points to trade at 3,558.75.

At 12.31 pm, BSE Sensex was at 9,164.67 up by 227.47 points while the NSE Nifty was at 2,758.75 up by 75.60 points.

BSE Metal index surged by 162.19 points at 4,678.47 as Sterlite Industries (7.23%), NALCO (4.74%), Jindal Steel (4.46%) and SAIL (3.58%) are trading in green.

BSE Bankex index is trading higher by 153.92 points at 4,886.40. Gainers are AXIS Bank (4.64%), Kotak Bank (3.90%), SBI (3.21%), HDFC Bank (3.92%) and ICICI Bank (2.54%).

BSE Oil & Gas index is trading 249.14 points higher at 5,821.16 as Cairn India (3.66%), RNRL (3.87%), RPL (3.17%) and ONGC (3.06%) are trading in positive.

BSE Capital goods index advanced by 167.12 points to 6,793.62. The main gainers are Siemens (4.34%), BHEL (3.39%), L&T (2.66%), ABB (2.29%) and Havell India (2.22%).

BSE IT index declined by 30.64 points to trade at 2,417.12 as Mphasis (7.72%), Tech Mahindra (2.15%), Satyam Computer (2.13%), Infosys Technologies (0.84%) are trading in negative.

BSE Power index is trading 37.02 points higher at 1,609. The main gainers are Reliance Power (3.78%), Suzlon Energy (3.76%), Tata Power (3.56%), GVK Power (3.43%).

BSE Realty index improved by 78.18 points to 1,917.05. The major gainers are India Bull Real (8.23%), Mahindra Life (6.19%), DLF (7.23%) and Parsavnath (3.21%).

BSE Auto inclined by 49.18 points to 2,356.53. Leading to its gain are Maruti Suzuki (5.31%), Mahindra & Mahindra (4.44%), Hero Honda (4.20%) and Tata Motors (1.66%).

Pre Session Market - Nov 19, 2008

2008-11-19T09:49:00.000+05:30

Today markets are likely to open positive as they have shed enough in the previous trading days. A little recovery is what we anticipate in today’s trading session. There are some positive efforts from the government to consolidate the domestic economic growth trend. Gov’t has imposed a 5% import duty on steel and iron & steel products; 20% import duty on edible and soya oil in a protectionist measure for domestic players.

Govt has also urged various sectors like Airlines, Automobiles and hotel to reduce the prices to boost the demand. Gov’t may also reduce the sales tax on Airlines from 22% to 4% on a uniform basis. Realty sector on the other hand has urged for reduction in the loan interest rates to 7% so as to counter act the falling demand and the high cost of borrowings.

On Tuesday, domestic markets fell drastically and closed in red. The sentiments were weak as many other Asian and other European markets were also trading in red. The economic slowdown across the world has caused negative impact on the sentiments of investors. The FIIs are continuously pulling back their money. The Economic summit could not cheer the markets’ sentiments. Sensex and Nifty fell by 3.81% and 4.16% respectively. Teck, IT, Power and Bankex were the worst hit as they fell by 4.96%, 4.70%, 4.67% and 4.51% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed lower by 353.81 points at 8,937.20 and NSE Nifty ended lower by 116.40 points at 2,683.15. The BSE Mid Caps and Small Caps closed with losses of 73.04 points at 3,060.32 and by 102.73 points at 3,558.66. The BSE Sensex touched intraday high of 9,169.05 and intraday low of 9,169.05.

On Tuesday, US markets closed in green. Hewlett-Packard announced that its preliminary fourth quarter earnings topped estimates and issued fiscal year 2009 earnings guidance was above expectations. The treasury also bought $ 33.6 billion in preferred stock from 21 banks. Ben Bernake stated that there are some signs of improvement in the Credit Markets. Crude oil futures for the December delivery rose by $56 cents to $54.39 a barrel on New York Mercantile Exchange. The crude oil prices fell on anticipations that the global economic meltdown would further curb the energy demand.

The Dow Jones Industrial Average (DJIA) closed higher by 151.17 points at 8424.75 NASDAQ index gained 1.22 points at 1,483.27 and the S&P 500 (SPX) also closed higher by 8.37 points to close at 859.12 points.

Indian ADRs ended negative. In technology sector, Infosys fell by (1.23%) and Wipro ended low by (2.91%) followed by Satyam that ended low by (4.37%) and Patni Computers closing low by (0.55%). In banking sector ICICI Bank was low by (3.26%), while HDFC Bank fell (2.33%). In telecommunication sector, Tata Communication declined by (0.53%), while MTNL declined by (4.15%). Sterlite Industries was low by (2.42%).

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading high by 15.19 at 1,917.62. Hang Seng is low by 148.35 points at 12,767.54. Further Japan''s Nikkei is low by 148.28 points at 8,180.13. Straits Times is also trading low by 16.82 points at 1,675.73 and South Korea’s Seoul Composite is low by 39.51 points at 996.65.

The FIIs on Tuesday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1,586.50 Crore and gross debt purchased stood at Rs 714.70 Crore, while the gross equity sold stood at Rs 2,218.40 Crore and gross debt sold stood at Rs 176.90 Crore. Therefore, the net investment of equity and debt reported were (Rs 631.90) Crore and Rs 537.80 Crore respectively.

On Tuesday, the partially convertible rupee ended at 49.66/67 per dollar, weaker by 0.6% on Monday’s closing at 49.34/36. The fall in the share market and expectations of foreign money going out has led to depreciation in rupee. This year foreign funds have withdrawn $13.1 billion.

On BSE, total number of shares traded was 22.78 Crore and total turnover stood at Rs 3,031.86 Crore. On NSE, total volume of shares traded was 50.44 Crore and total turnover was Rs 8,330.23 Crore.

Top traded volumes on NSE Nifty – SAIL with total volume traded 26207709, followed by Unitech with 23471833, Suzlon Energy with 22470297, Reliance Petro with 10975453 and ICICI Bank with 10634806 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1183511 with a total turnover for the same was Rs 14970.66 crores. Along with this total number of contracts traded in stock futures were 802230 with a total turnover of Rs 8509.13 Crore. Total numbers of contracts for index options were 1349464 and total turnover was Rs 19352.91 Crore and total numbers of contracts for stock options were 36312 and notional turnover was Rs 427.31 Crore.

Today, Nifty would have a support at 2,640 and resistance at 2,857 and BSE Sensex has support at 8,695 and resistance at 9,220.

Post Session Market - Nov 18, 2008

2008-11-18T16:37:00.000+05:30

The domestic market continued its losing trend for the fifth consecutive session on the back of weakening economic concerns as well as fall in global equity markets. The domestic market opened with a deep cut and kept on hovering in the negative territory throughout the trading session. The investors took cautious approach before booking further positions. Though encouraging statement from the finance minister failed to give a boost to the market.

The finance Minister said that the government will take steps to stimulate the domestic economy to compensate for the downside caused by the downturn in the world economy. From the sectoral front, the IT, Power, Bankex, PSU and Metal index were in the firing line as most selling was witnessed from these baskets. The market breadth was weak as 1831 stocks closed in red while 661 stocks closed in green.

The Finance Minister said the government may consider cutting excise duty on some items as a part of efforts to boost factory output. He said the government may consider cutting excise duty on some items as a part of efforts to boost factory output. He, however, added that the country could miss its annual export target of $200 billion for this fiscal year as the slowdown in developed nations trims overseas demand.

The Reserve Bank Of India governor Duvvuri Subbarao said, "We are constantly monitoring the situation. We will take appropriate action at the appropriate time”.

Among the Sensex pack 23 stocks ended in red territory while 7 stock ended in green territory. The market breadth was negative as 1594 stocks closed in green while 924 stocks closed in red and 74 stocks remained unchanged.

The BSE Sensex closed lower by 353.81 points at 8,937.20 and NSE Nifty ended down by 116.4 points at 2,683.15. The BSE Mid Caps closed with losses of 73.04 points at 3,060.32 and Small Cap ended down by 102.73 points at 3,558.66. The BSE Sensex touched intraday high of 9,169.05 and intraday low of 8,871.71.

Losers from the BSE Sensex pack are Wipro down by (8.77%) along with NTPC 7.88%, ACC Ltd 7.17%, TCS 6.96%, ICICI bank 6.79%, Maruti Suzuki 6.74% and Bharti Airtel 6.32%.

The BSE IT index dropped by (4.70%) or 120.73 points to close at 2,447.76. Losers are Wipro 8.77%, Mosear Baer 8.58%, NIIT Ltd 7.56%, HCL Tech 7.45%, Finance Tech 7.09%, TCS 6.96%.

The Power index ended down by (4.67%) or 77.07 points at 1,571.98 as NTPC 7.88%, Suzlon Energy 7.08%, Crompton Greaves 6.61%, ABB 5.77%, Tata Power 5.75%, Reliance Power 5.28% and Power Grid 5.09% closed in negative territory.

The BSE Bankex index ended lower by (4.51%) or 223.56 points at 4,732.48. Major losers are Kotak bank 9.95%, Karnataka bank 8.23%, Indus Ind Bank 7.83%, IOB 7.61%, ICICI Bank 6.79%, SBI 5.12% and Yes bank 5.06%.

The BSE Consumer Durables index lost (3.12%) or 62.51 points to close at 1,940.40. Major losers are Gitanjali GE (8.53%), Videocon Ind (3.59%), Videocon Ind (3.42%), Reliance (7.37%) and Blue Star L (0.54%).

The BSE Metal index lost (4.38%) or 206.82 points to close at 4,516.28. Losers are Nalco 13.41%, Jai Corp 9.78%, Jindal Saw 9.27%, Jindal Steel 6.61%, NMDC 6.51% and Hind Zinc 5.25%.

The BSE Realty index ended lower by (3.60%) or 68.64 points at 1,838.87 as Unitech 7.72%, Ansal Infra 7.17%, Parsvnath 4.88%, Omaxe 4.77%, Orbitco 4.57% and HDIL 3.70%.

Mid Sesion Market - Nov 18, 2008

2008-11-18T12:42:00.000+05:30

The markets continued its losing streak and are trading in deep red as selling pressure continued across the board. The Banking, Power, IT, Metal, Capital Goods and Realty stocks are facing the most selling pressure today. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a cut of 2% each.

The BSE Sensex is now trading below the 8,900 mark and the NSE Nifty below the 2,700 mark.

The overall market breadth is negative as 486 stocks are advancing while 1667 stocks are declining and the 75 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading mostly lower as Nikkei 225, Shanghai Composite, Hang Seng and Straits Times index are trading lower by (2.28%), (6.22%), (5.59%) and (2.79%) respectively.

Wipro reported the top loser from the BSE Sensex pack as it was trading lower by (8.41%) at Rs. 230.75 followed by ICICI Bank down by (7.54%) at Rs.357.85.

The BSE Mid cap is lower by 67.06 points at 3,066.30 and the BSE small Cap slipped by 88.31 points to trade at 3,573.08.

At 12.31 pm, BSE Sensex was at 8,959.32 down by 331.69 points while the NSE Nifty was at 2,696.20 down by 103.35 points.

BSE Metal index dropped by 170.05 points at 4,553.05 as NALCO (7.96%), Sterlite Industries (5.79%), Gujarat NRE (4.51%), JSW Steel (4.31%) and SAIL (4.03%) are trading in red.

BSE Bankex index is trading lower by 230.50 points at 4,725.54. Losers are Kotak Bank (9.30%), ICICI Bank (7.04%), SBI (5.57%), AXIS Bank (5.67%) and HDFC Bank (4.45%).

BSE Oil & Gas index is trading 184.48 points lower at 5,474.16 as Essar Oil (4.96%), RNRL (4.91%), Aban Offshore (4.09%) and RPL (4.20%) are trading in negative.

BSE Capital goods index slipped by 230.19 points to 6,638.22. The main losers are ABB (6.54%), Siemens (4%), Punj Lloyd (4.82%), Praj Industries (3.29%) and Gammon India (3.56%).

BSE IT index declined by 118.27 points to trade at 2,450.22 as HCL Technologies (7.35%), Wipro (7.52%), Satyam Computer (5.16%), TCS (4.76%) are trading in negative.

BSE Power index is trading 66.79 points lower at 1,582.26. The main losers are Tata Power (6.27%), NTPC (5.16%), Power Grid (5.29%), Reliance Power (4.09%).

BSE Realty index slipped by 64.18 points to 1,843.33. The major losers are Unitech (5.85%), Parsavnath (5.37%), Ansal Infra (3.97%) and HDIL (3.84%).

BSE Auto declined by 49.18 points to 2,356.53. Leading to its fall are Mahindra & Mahindra (4.52%), Maruti Suzuki (3.41%), Bajaj Auto (2.91%) and Tata Motors (2.21%).

Pre Session Market - Nov 18, 2008

2008-11-18T09:54:00.000+05:30

Today Markets are likely to open negative as US markets closed in red and other Asian markets have opened with heavy blood bath. The domestic markets would follow the trends of other markets in Asia; however the news of economic summit to be held in Delhi by the Finance minister may further move the markets. One could expect more rate cuts by RBI to inject more liquidity into the system. Apart from that many more other measures might be unveiled by the finance minister to help irrigate the financial draught and economic slowdown. After yesterday’s volatile session today, we expect the markets to remain further volatile.

On Monday, domestic Markets opened positive but later dived into red territory. The sentiments were weak as European markets also traded in deep red amidst concerns of global economic meltdown. The market was surprised to the news that Japan also added to the list of recession stricken countries. The other Asian markets also ended in red. However during the end session the markets paired off its heavy losses and formed a U shape curve. Sensex and Nifty fell by 1.01% and 0.38% respectively. Realty, Bankex, CD and Metal were the worst hit as they fell by 5.17%, 3.87%, 3.26% and 3.08% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed lower by 94.41 points at 9,291.01 and NSE Nifty ended lower by 10.80 points at 2,799.55. The BSE Mid Caps and Small Caps closed with losses of 65.19 points at 3,216.08 and by 48.33 points at 3,765.05. The BSE Sensex touched intraday high of 9,836.11 and intraday low of 9,267.49.

On Monday, US markets closed in red. The Citi group has planned to cut nearly 52,000 jobs out of its 3,52,000 work force, to reduce costs. The economic conditions across the globe remained weak as Japan too falls into recession first time since 2001.The New York empire manufacturing index fell to 25.4 from its October level of 24.6. Crude oil futures for the December delivery rose by $40 cents to $55.35 a barrel on New York Mercantile Exchange. As the US industrial production gained investors anticipate improvement in the demand of crude oil.

The Dow Jones Industrial Average (DJIA) closed lower by 223.73 points at 8273.58 NASDAQ index lost 34.80 points at 1,482.05 and the S&P 500 (SPX) also closed lower by 22.54 points to close at 850.75 points.

Indian ADRs ended mixed. In technology sector, Infosys fell by (1.17%) and Wipro ended low by (2.69%) followed by Satyam that ended low by (0.91%) and Patni Computers closing high by 0.36%. In banking sector ICICI Bank was low by (0.60%), while HDFC Bank fell (1.62%). In telecommunication sector, Tata Communication declined by (1.40%), while MTNL inclined by 2.62%. Sterlite Industries was high by 2.25%.

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading low by 47.62 at 1,982.87. Hang Seng is low by 391.49 points at 13,138.04. Further Japan''s Nikkei is low by 172.71 points at 8,349.87. Straits Times is also trading low by 24.39 points at 1,725.28 and South Korea’s Seoul Composite is low by 35.47 points at 1,042.85.

The FIIs on Monday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 2,152.00 Crore and gross debt purchased stood at Rs 1,930.40 Crore, while the gross equity sold stood at Rs 2,716.20 Crore and gross debt sold stood at Rs 1,43.20 Crore. Therefore, the net investment of equity and debt reported were (Rs 564.20) Crore and Rs 1787.10 Crore respectively.

On Monday, the partially convertible rupee ended at 49.34/36 per dollar, weaker by 0.7% on Friday closing at 49.01/03. Large companies buying dollar and nose-diving stock markets have increased the demand of dollar.

On BSE, total number of shares traded was 26.20 Crore and total turnover stood at Rs 3,230.17 Crore. On NSE, total volume of shares traded was 55.68 Crore and total turnover was Rs 8,902.46 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 42751089, followed by Suzlon Energy with 31932005, SAIL with 17529988, ICICI Bank with 14442323 and Tata Steel with 13005386 shares.

On NSE Future and Options, total number of contracts traded in index futures was 1093140 with a total turnover for the same was Rs 14117.03 crores. Along with this total number of contracts traded in stock futures were 830107 with a total turnover of Rs 8,467.49 Crore. Total numbers of contracts for index options were 1236078 and total turnover was Rs 18033.62 Crore and total numbers of contracts for stock options were 44312 and notional turnover was Rs 468.76 Crore.

Today, Nifty would have a support at 2,720 and resistance at 2,915 and BSE Sensex has support at 8,825 and resistance at 9,495.

Post Session Market - Nov 17, 2008

2008-11-17T16:41:00.000+05:30

The domestic market recovered smartly from the lower levels during final trading but still ended below the dotted line. The market opened on positive note but was not able to hold the momentum slipped soon after start. The benchmark indices tumbled in afternoon trade after Japan joined the list of economies in recession and world leaders failed to deliver specific measures to boost the global economy. The G-20 summit on Saturday and Sunday failed to come out with some concrete measures to steer the world out of the current slump.

Further market moved deeper into red on intense selling pressure, though shown recovery during last trading hours. The BSE Sensex ended below 9,300 level and NSE Nifty closed around 2,800 mark. From the sectoral front, the Reality index underperformed the benchmark index as closed with decrease of more than 5%. Apart from that the Bank, Metal, Consumer Durables, FMCG, Auto, Capital Goods and Power index also followed the same path as witnessed most of the selling from these baskets. Midcap and Small cap stocks were also under bears'' control.

Among the Sensex pack 19 stocks ended in red territory and 10 in green and 1 remain unchanged. The market breadth was negative as 1800 stocks closed in red while 679 stocks closed in green and 60 stocks remained unchanged.

The BSE Sensex closed lower by 94.41 points at 9,291.01 and NSE Nifty ended marginally down by 10.80 points at 2,799.55. The BSE Mid Caps and Small Caps closed with losses of 82.72 points 3,133.36 and by 103.66 points at 3,661.39. The BSE Sensex touched intraday high of 9,435.89 and intraday low of 8,956.68.

The RBI on Saturday announced positive measures that include permission to housing finance firms to raise funds from overseas markets and raising the interest rate ceiling on foreign currency deposits. The bank has also given Rs 1000 crore loan to the National Housing Bank, a move that would “help the sagging real estate sector. Along with this the bank has effectively reduced the tax on lending to the real estate sector that means banks can now more freely lend funds to the sector.

Losers from the BSE Sensex pack are HDFC Bank (7.71%), Reliance Infra (6.23%), Tata Steel (4.01%), DLF Ltd (3.92), HDFC (3.84%), Satyam Computer (3.76%), Hindalco (3.36%), Tata Power (2.95%), Tata Power (9.64%), ITC Ltd (2.73%), M&M Ltd (2.63%) and ICICI Bank (2.25%).

Gainers from the BSE Sensex pack are Wipro Ltd (4.59%), ACC Ltd (4.29%), Tata Motors (2.56%), MAruti Suzuki (2.45%), Bharti Airtel (2.29%), NTPC Ltd (1.24%), Infosys Tech (1.22%), BHEL (1.03%), ONGC Ltd (0.97%) and HUL (0.11%).

The BSE Reality index dropped by (5.17%) or 104.02 points to close at 1,907.51. Losers are Sobah Dev (9.23%), Anant Raj (8.37%), Indiabull Real (7.54%), Unitech Ltd (6.56%), Ansal Infra (6.35%) and Omaxe Ltd (5.87%).

The BSE Bank index lost (3.87%) or 199.72 points to close at 4,956.04. Major losers are Kotak Bank (9.62%), Axis Bank (7.90%), HDFC Bank (7.71%), Union Bank (6.47%), Indian Overseas Bank (6.43%) and Canara Bank (5.75%).

The Consumer Durables index ended down by (3.26%) or 63.32 points at 1,877.08 as Gitanjali GE (8.92%), Rajesh Export (7.92%), Videocon Ind (3.90%), Titna Ind (3.01%) and Blue star L (0.05%) in negative territory.

The BSE Metal index ended lower by (3.08%) or 150.30 points at 4,723.10. Major losers are Jai Corp Ltd (12.42%), Jindal Saw (10.27%), JSW Steel (7.95%), NMDC Ltd (7.42%), Gujarat Nre C (7.16%) and SAIL (4.44%).

The BSE FMCG index ended lower by (1.90%) or 36.18 points to 1,870.50 as Ruchi Soya (12.04%), Nestle Ltd (5.57%), MArico Ltd (5.30%), Dabur India (3.34%), Tata Tea (2.03%) and United Brew (1.90%) ended in negative territory.

The BSE Auto index plunged (1.39%) or 33.90 points to close at 2,405.71. Losers are Amtek Auto (14.42%), Cummins Indi (6.09%), MRF Ltd (5.65%), Escorts Ltd (4.64%), Exide Indus (3.70%) and M&M Ltd (2.63%).

Mid Session Market - Nov 17, 2008

2008-11-17T12:43:00.000+05:30

The markets have lost further grounds and are trading in deep red as selling pressure continued across the board. The Realty, Metal, Banking, Oil & Gas, Power and Capital Goods are facing the most selling pressure today. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a cut of 3% each.

The BSE Sensex is now trading below the 9,000 mark and the NSE Nifty is hovering around the 2,700 mark.

The overall market breadth is negative as 426 stocks are advancing while 1748 stocks are declining and the 58 stocks remained unchanged on BSE.

On the global market front, the Asian markets are trading mixed as Nikkei 225, Shanghai Composite and KLSE Composite index are trading higher by (0.71%), (0.12%) and (0.75%) respectively. While Hang Seng and Straits Times index are trading lower by (0.51%) and (0.73%) respectively. Japan has also now enter into the recession after the Japan economy shrank at an annual pace of 0.4% in the July-September quarter, marking a two straight quarters of contraction.

Reliance Infra reported the top loser from the BSE Sensex pack as it was trading lower by (8.63%) at Rs. 472 followed by HDFC down by (7.65%) at Rs.1,439.

The BSE Mid cap is lower by 108.75 points at 3,107.33 and the BSE small Cap slipped by 109.47 points to trade at 3,655.58.

At 12.31 pm, BSE Sensex was at 8,989.27 down by 396.15 points while the NSE Nifty was at 2,703.65 down by 106.70 points.

BSE Metal index dropped by 288.80 points at 4,584.60 as Jindal Saw (8.37%), Gujarat NRE (7.68%), SAIL (6.40%), Sterlite Industries (6.21%) and Tata Steel (5.92%) are trading in red.

BSE Bankex index is trading lower by 283.68 points at 4,872.08. Losers are Axis Bank (8.06%), Kotak Bank (7.50%), HDFC Bank (6.63%), ICICI Bank (5.70%) and PNB (3.56%).

BSE Oil & Gas index is trading 232.67 points lower at 5,449.78 as Essar Oil (10.63%), RNRL (5.83%), Cairn India (7.51%) and RPL (3.55%) are trading in negative.

BSE Capital goods index slipped by 229.46 points to 6,721.86. The main losers are Praj Industries (10.20%), Punj Lloyd (5.11%), Havells India (5.14%), Crompton Greaves (6.14%) and Gammon India (3.18%).

BSE IT index declined by 77.57 points to trade at 2,490.30 as Satyam Computer (3.86%), TCS (3.21%), Wipro (2.45%), Mphasis (2.97%) are trading in negative.

BSE Power index is trading 56.69 points lower at 1,613.53. The main losers are GVK Power (6.78%), Tata Power (5.43%), Reliance Power (3.03%), Suzlon Energy (3.57%).

BSE Realty index slipped by 142.59 points to 1,868.94. The major losers are Unitech (10.82%), Mahindra Life (10.71%), Sobha Developers (7.89%) and India Bull Real (9.51%).

BSE Auto declined by 59.97 points to 2,379.54. Leading to its fall are Tata Motors (3.98%), Ashok Leyland (3.59%), Bajaj Auto (3.01%) and Hero Honda (1.89%).

Pre Session Market - Nov 17, 2008

2008-11-17T09:50:00.000+05:30

Today markets are likely to open positive. The Asian markets have opened mixed and the US markets closed in red on the week end. In Europe Germany has entered into recession in 12 years time and the country is likely to come out with a bail out plan for its automakers. In the G20 meet 20 nations delayed agreeing on specific measures to combat global crisis. Finance minister Mr. P. Chidambaram stated that the global crisis would impact sectors in India for a span of 6-9 months. The sentiments are weak as such investors would adopt a cautious approach.

On Friday, domestic markets opened with a huge negative gap however later it managed to recover its early losses. The other Asian markets were also trading in red on the weak global economic concerns. The positive trading of European markets had also helped back the sentiments in domestic markets. Sensex and Nifty fell by 1.58% and 1.34% respectively. CG, Auto and Metal were the worst hit as they fell by 4.22%, 4.04% and 3.34% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed lower by 150.91 points at 9,385.42 and NSE Nifty ended lower by 38.10 points at 2,810.35. The BSE Mid Caps and Small Caps closed with losses of 65.19 points at 3,216.08 and by 48.33 points at 3,765.05. The BSE Sensex touched intraday high of 9,836.11 and intraday low of 9,267.49.

On Friday, US markets closed in red amidst concerns over the macro economic negative data. The advance October retail sales declined by 2.2% more than expected. This is the fourth straight fall of retail sales. Germany also entered its recession in 12 years. On the other hand, Nokia also stated that its fourth quarter industry volume would decline. Among the sectors, financial and energy stocks were hit hard. Crude oil futures for the December delivery fell by $1.44 to $55.60 a barrel on New York Mercantile Exchange. Iran, world’s second largest producer of oil has stated that it would cut the production by 1.5 million barrels a day.

The Dow Jones Industrial Average (DJIA) closed lower by 337.94 points at 8497.31 NASDAQ index lost 79.85 points at 1,516.85 and the S&P 500 (SPX) also closed lower by 38 points to close at 873.29 points.

Indian ADRs ended negative. In technology sector, Infosys fell by (5.68%) and Wipro ended low by (13.36%) followed by Satyam that ended low by (9.68%) and Patni Computers closing low by (8.21%). In banking sector ICICI Bank was low by (6.56%), while HDFC Bank fell (6.39%). In telecommunication sector, Tata Communication declined by (9.66%), while MTNL was low by (2.87%). Sterlite Industries was low by (13.11%).

Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading high by 7.34 at 1,993.78. Hang Seng is high by 84.16 points at 13,626.82. Further Japan''s Nikkei is high by 98.80 points at 8,561.19. Straits Times is also trading high by 1.12 points at 1,760.26 and South Korea’s Seoul Composite is high by 9.97 points at 1,098.23.

The FIIs on Friday stood as net seller in equity and debt. The Gross equity purchased stood at Rs 1,045.00 Crore and gross debt purchased stood at Rs 3,93.90 Crore, while the gross equity sold stood at Rs 1,660.00 Crore and gross debt sold stood at Rs 1,082.30 Crore. Therefore, the net investment of equity and debt reported were (Rs 615.10) Crore and (Rs 688.40) Crore respectively.

On Friday, the partially convertible rupee ended at 49.01/03 per dollar, after touching intraday low of 49.49. On Wednesday the rupee had closed at 49.30/32. The rupee fell on outflow from stock markets.

On BSE, total number of shares traded was 28.79 Crore and total turnover stood at Rs 3,685.59 Crore. On NSE, total volume of shares traded was 62.98 Crore and total turnover was Rs 10,776.97 Crore.

On NSE Future and Options, total numbers of contracts traded in index futures were 1075675 with a total turnover of Rs 14,227.3 Crore. Along with this total number of contracts traded in stock futures were 906562 with a total turnover of Rs 9,613.92 Crore. Total numbers of contracts for index options were 1150165 and total turnover was Rs 17091.60 Crore and total numbers of contracts for stock options were 50013 and notional turnover was Rs 550.35 Crore.

Today, Nifty would have a support at 2,685 and resistance at 2,895 and BSE Sensex has support at 8,985 and resistance at 9,595.

Post Session Market - Nov 14, 2008

2008-11-14T16:23:00.001+05:30

Market ended in red terrain on sustained profit booking. Negative attitude was influenced by lower US index futures that offset expectations of a further cut in interest rates and gains in Asian stocks along with this political uncertainty ahead of state election also weighed on sentiments. Polling for assembly elections in Chhattisgarh began on 14 November 2008.The BSE Sensex ended below 9,400 level and NSE Nifty dropped below 2,850. Indian market opened on the pleasant note tracking the favorable global cues on anticipation of coordinated rescue effort from the G-20 meeting during the weekend along with decline in inflation to single digit.

However, market was not able to hold the momentum and started losing ground due to weakness in key stocks. Further, market continued to extend its losses with bit of volatility till end, though tried to recover during afternoon session. From the sectoral front, Heavy selling was witnessed from the Capital Goods, Consumer Durables, Auto, Metal, Power and IT baskets. Midcap and Small cap stocks were also under pressure. However only FMCG index witnessed some buying.

Among the Sensex pack 23 stocks ended in red territory while 7 stock ended in green territory. The market breadth was negative as 1594 stocks closed in green while 924 stocks closed in red and 74 stocks remained unchanged.

The BSE Sensex closed lower by 150.91 points at 9,385.42 and NSE Nifty ended down by 38.10 points at 2,810.35. The BSE Mid Caps closed with losses of 65.19 points at 3,216.08 and Small Cap ended down by 48.33 points 3,765.05. The BSE Sensex touched intraday high of 9,836.11 and intraday low of 9,267.49.

Losers from the BSE Sensex pack are ACC Ltd (8.95%), Tata Motors (8.49%), Tata Steel (6.40%), HDFC (4.86%), JP Associates (4.67%), Reliance Infra (4.46%), L&T Ltd (4.36%), BHEL (4.26%), Sterlite Industries (4.16%), MAruti Suzuki (4.15%), M&M Ltd (3.36%) and Infosys Tech (3.28%).

Gainers from the BSE Sensex pack are Bharti Airtel (2.99%), Tata Power (2.02%), Reliance Communication Ltd (1.88%), HDFC Bank Ltd (0.37%) HUL (0.30%), ITC Ltd (0.09%) and Hindalco (0.09%).

The BSE Capital Goods index dropped by (4.22%) or 306.21 points to close at 6,951.32. Losers are Everest Kanto (10.97%), Crompton Greaves (9.18%), Praj Industries (7.34%), Reliance Industrial Infra (5.62%), Thermax Ltd (5.39%) and Punj Lloyd (5.01%).

The Auto index ended down by (4.04%) or 102.58 points at 2,439.61 as Tata Motors (8.49%), Boch Ltd (6.80%), Amtek Auto (5.21%), Exide Industreis (4.27%), MAruti Suzuki (4.15%) and Cummins Indi (3.88%) in negative territory.

The BSE Metal index ended lower by (3.34%) or 168.49 points at 4,873.40. Major losers are Jai corp Ltd (19.21%), Tata Steel (6.40%), JSW Steel (6.10%), Ispat Indus (5.80%), Gujarat NRE C (4.50%) and Steel Authority (4.31%).

The BSE Consumer Durables index lost (3.12%) or 62.51 points to close at 1,940.40. Major losers are Gitanjali GE (8.53%), Videocon Ind (3.59%), Videocon Ind (3.42%), Reliance (7.37%) and Blue Star L (0.54%).

The BSE Power index lost (2.66%) or 45.62 points to close at 1,670.22. Losers are Lanco Infra (11.94%), GVK Power (10.82%), Crompton Greaves (9.18%), GMR Infra (6.70%), Suzlon Energy (4.63%) and Reliance Infra (4.46%).

The BSE FMCG index ended higher by (0.07%) or 1.34 points to 1,906.68 as United Spr (1.32%), Tata Tea Ltd (0.91%), Colgate Palm (0.43%), Marico Ltd (0.40%), HUL (0.30%) and Dabur India (0.23%) ended in positive territory.

Mid Session Market - Nov 14, 2008

2008-11-14T12:48:00.000+05:30

The markets have given up all of their opening gains and are trading lower. The investors hesitant to take any fresh position ahead of the weekend. All the sectorial indices are trading in red mainly led by the Capital Goods, Oil & Gas, Auto, Metal, IT and realty stocks. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a cut of 1% each.

The BSE Sensex is now trading below the 9,400 mark and the NSE Nifty is hovering near the 2,800 mark.

The overall market breadth is negative as 806 stocks are advancing while 1382 stocks are declining and the 96 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading higher as Hang Seng, Nikkei 225, Shanghai Composite and Straits Times are trading higher by (3.03%), (2.72%), (1.80%) and (1.40%) respectively.

Bharti Airtel reported the top gainer from the BSE Sensex pack as it was trading higher by (3.05%) at Rs. 650.50 while BHEL reported the top loser down by (5.23%) at Rs.1,267.05.

The BSE Mid cap is lower by 50.16 points at 3,231.11 and the BSE small Cap slipped by 33.76 points to trade at 3,779.62.

At 12.31 pm, BSE Sensex was at 9,378.22 down by 158.11 points while the NSE Nifty was at 2,816.65 down by 31.80 points.

BSE Metal index dropped by 132.92 points at 4,908.97 as JSW Steel (6.68%), SAIL (4.66%), Sterlite Industries (4.45%), Ispat Industries (3.98%) and Jindal Saw (3.84%) are trading in red.

BSE Bankex index is trading lower by 73.89 points at 5,113.78. Losers are Axis Bank (4.90%), Kotak Bank (4.76%), ICICI Bank (1.94%), Bank of Baroda (1.72%) and Union Bank (0.73%).

BSE Oil & Gas index is trading 152.73 points lower at 5,594.81 as Aban Offshore (2.26%), Gail India (1.49%), RPL (0.56%) and Indian Oil (0.37%) are trading in negative.

BSE Capital goods index slipped by 229.74 points to 7,027.79. The main losers are BHEL (4.70%), Punj Lloyd (5.50%), L&T (2.97%), Praj Industries (2.51%) and BEML (2.22%).

BSE IT index declined by 54.74 points to trade at 2,578.15 as Tech Mahindra (5.10%), Wipro (4.26%), Infosys Technologies (3.12%), Satyam Computer (0.04%) are trading in negative.

BSE Power index is trading 27.01 points lower at 1,688.83. The main losers are Suzlon Energy (5.33%), Torent Power (1.83%), GVK Power (1.05%), Power Grid (1.02%).

BSE Realty index slipped by 9.72 points to 2,036.92. The major losers are Unitech (4.59%), DLF (4.13%), India Bull Real (2.89%) and Omaxe Ltd. (1.86%).

BSE Auto declined by 62.61 points to 2,479.58. Leading to its fall are Hero Honda (4.30%), Tata Motors (3.78%), Mahindra & Mahindra (3.59%) and Ashok Leyland (2.53%).

Pre Session Market - Nov 14, 2008

2008-11-14T09:56:00.001+05:30

Today markets are likely to open with positive gap as US markets closed positive despite some bad news. The Asian markets have also responded positively and hence opened with positive gap. The inflation numbers have calmed down to 8.98% showing some sign of relief as the crude oil prices have fallen to 22 months low. Amidst good macro economic factors we expect markets to trade in green.

On Wednesday, domestic Markets opened with a huge negative gap and later traded highly volatile. The huge negative gap later bounced back in the positive territory however the poor IIP numbers pulled the momentum. The European markets however traded mixed and the major indices like FTSE and DAX ended positive. Investors were in the trap of confusion and therefore remained cautious. Sensex and Nifty fell by 3.08% and 3.07% respectively. Realty plummet the highest by 7.34% followed by Bankex and Metal that fell by 4.38% and 3.67% respectively.

During the trading session we expect the market to be trading in green.The BSE Sensex closed lower by 303.36 points at 9,536.33 and NSE Nifty ended lower by 90.20 points at 2,848.45. The BSE Mid Caps and Small Caps closed with losses of 75.43 points at 3,281.27 and by 74.63 points at 3,813.38. The BSE Sensex touched intraday high of 9,928.60 and intraday low of 9,376.73.

On Thursday, US markets closed in green with phenomenal gains. The jobless claims were high as the claims for the week ended November 8 were at 5,16,000, which is considered as seven year high. Wal-Mart stated expects earnings for the fourth quarter to range from $1.03 to $1.07 per share, and from $3.42 to $3.46 per share for fiscal 2009. Despite such bad news investors didn’t hesitate to keep buying. Crude oil futures for the December delivery rose $3.72 cents to $59.37 a barrel on New York Mercantile Exchange. It also touched 22 months low in the previous trading session.

The Dow Jones Industrial Average (DJIA) closed higher by 552.59 points at 8835.25 NASDAQ index gained 97.49 points at 1,596.70 and the S&P 500 (SPX) also closed high by 58.99 points to close at 911.29 points.

Indian ADRs ended negative. In technology sector, Infosys gained (7.24%) and Wipro gained by (13.81%) followed by Satyam that ended high by (11.9%) and Patni Computers closing high by (12.85%). In banking sector ICICI Bank was high by (9.04%), while HDFC Bank rose (11.66%). In telecommunication sector, Tata Communication declined by (18.30%), while MTNL was high by (7.53%). Sterlite Industries was high by (11.09%).

Today the major stock markets in Asia opened positive. The Shanghai Composite is trading high by 19.65 at 1,947.27. Hang Seng is high by 378.98 points at 13,600.33. Further Japan''s Nikkei is high by 294.73 points at 8,533.37. Straits Times is also trading high by 30.12 points at 1,785.59 and South Korea’s Seoul Composite is high by 6.11 points at 1,094.55.

The FIIs on Wednesday stood as net seller in equity while net buyer in debt. The Gross equity purchased stood at Rs 1,347.40 Crore and gross debt purchased stood at Rs 1,604.80 Crore, while the gross equity sold stood at Rs 1,613.90 Crore and gross debt sold stood at Rs 266.60 Crore. Therefore, the net investment of equity and debt reported were (Rs 266.50) Crore and Rs 1,338.20 Crore respectively.

On Wednesday, the partially convertible rupee ended at 49.30/32 per dollar, it’s weakest in more than 12 years and 2% below Tuesday’s close of 48.125/140. The rupee fell on outflow from stock markets and heavy demand from PSU banks to meet the commercial operations.

On BSE, total number of shares traded was 28.37 Crore and total turnover stood at Rs 3,690.41 Crore. On NSE, total volume of shares traded was 61.36 Crore and total turnover was Rs 10,200.74 Crore.

Top traded volumes on NSE Nifty – Suzlon energy with 40125626 shares followed by Unitech 19890671 shares, SAIL with 17093645 shares, ICICI Bank with 14871870 shares and Reliance Petro with 14445054 shares respectively.

On NSE Future and Options, total numbers of contracts traded in index futures were 1321525 with a total turnover of Rs 17,895.87 Crore. Along with this total number of contracts traded in stock futures were 933055 with a total turnover of Rs 10,294.15 Crore. Total numbers of contracts for index options were 1378147 and total turnover was Rs 20,845.89 Crore and total numbers of contracts for stock options were 51116 and notional turnover was Rs 581.72 Crore.

Today, Nifty would have a support at 2,925 and resistance at 3,255 and BSE Sensex has support at 9,895 and resistance at 10,455.

Post Session Market - Nov 12, 2008

2008-11-12T16:35:00.000+05:30

The Indian market tumbled for the second straight session to close with deep cut on heavy selling pressures across the sectoral indices. The market opened on the back foot tracking the weak cues from the global markets and recovered a bit on the back of growth in IIP figures that rose 4.8% in September 2008 much higher than 1.4% rise in August 2008. However, this does not hold the market for so long and gave up to drift downward after the mid session. The investors took calculated steps to book their position ahead of the state elections starting from next week. Five Indian states go to the polls in the next few weeks.

Polls will be held in two phases on 14 November 2008 in Chhattisgarh, followed by Madhya Pradesh on 25 November 2008. Delhi and Mizoram will go to the polls on 29 November 2008 and Rajasthan on 4 December 2008. The BSE Sensex ended above 9,500 level with loss of more than 3% and NSE Nifty closed above 2,840 with fall of more than 3%. From the sectoral front, the Retail index tumbled to close with loss of more than 7%.

Among the Sensex pack 28 stocks ended in negative territory and 2 in positive. The market breadth was negative as 1701 stocks closed in red while 818 stocks closed in green and 76 stocks remained unchanged.

The BSE Sensex closed lower by 303.36 points at 9,536.33 and NSE Nifty fell by 90.2 points at 2,848.45. The BSE Mid Caps and Small Caps closed with losses of 75.43 points and 74.63 points at 3,281.27 and 3,813.38. The BSE Sensex touched intraday high of 9,928.60 and intraday low of 9,376.73.

Losers from the BSE Sensex pack are JP Associates 9.13%, DLF 8.61%, ICICI Bank 8.31%, Reliance Infra 6.53%, Hindalco Inds 5.75% and Sterlite Inds 4.57%.

The BSE Realty index closed lower by (7.34%) or 162.07 points at 2,046.64. Major losers are Indiabull Real (13.82%), DLF (8.61%), Anant Raj (6.55%), Penland (4.96%), Ansal Infra (4.38%) and Unitech (4.02%)

The BSE Bankex index fell (4.38%) or 237.83 points to close at 5,187.67. Losers are ICICI Bank (8.35%), Axis bank (6.82%), Yes bank (5.48%), PNB (4.48%), Indus Ind (3.87%) and SBI (3.86%).

The BSE Metal index dropped by (3.67%) or 191.88 points to close at 5,041.89. Scrips that fell are Welspun Guj (8.81%), SAIL (8.24%), Jindal Saw (7.22%), Jai Corp (6.44%), Hindalco Inds (5.75%), NMDC (4.97%) and Sterlite Inds (4.57%).

The BSE CG index fell (3.63%) or 7,257.53 points to close at 7,257.53 as Thermax 8.69%, Crompton Greaves 7.87%, Reliance Industrial Infra 7.48%, Gammon India 6.25%, ABB 5.10% and L&T 4.20% closed in negative.

The BSE Oil and Gas index dropped by (2.96%) or 175.07 points to 5,747.54 as Aban Offshore 9.36%, Cairn India 3.92%, Reliance Industries 3.72%, ONGC 3.20%, Gail India 3.02% and RPL 2.92% closed in red.

Mid Sesion Market - Nov 12, 2008

2008-11-12T12:46:00.000+05:30

The markets are now flat after the IIP numbers are out. The industrial growth in September came in at 4.8% against the 13-year low of 1.4% in August 2008. The infrastructure index that have a combined weight of 26.7% in the IIP, posted a growth of 5.1% for September. The Capital Goods growth has come in at 19%. The Realty, Auto, FMCG, Metal, Banking and Pharma stocks are still under pressure today. However, the IT and Power sticks are trading with marginal gains. The BSE Mid Cap and the BSE Small Cap index are however trading lower.

The BSE Sensex is now trading below the 9,900 mark and the NSE Nifty is hovering near the 2,950 mark.

The overall market breadth is negative as 739 stocks are advancing while 1492 stocks are declining and the 74 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading lower as Hang Seng, Nikkei 225 and Straits Times are trading lower by (0.61%), (1.29%), (0.17%) respectively. While the Shanghai Composite Index is trading higher by (0.37%).

TCS reported the top gainer from the BSE Sensex pack as it was trading higher by (4.69%) at Rs.550.80 while ICICI Bank reported the top loser down by (4.16%) at Rs.416.10.

The BSE Mid cap is lower by 25.63 points at 3,331.07 and the BSE small Cap slipped by 18.91 points to trade at 3,869.10.

At 12.31 pm, BSE Sensex was at 9,842.47 marginally up by 2.78 points while the NSE Nifty was at 2,948.60 marginally up by 9.95 points.

BSE Metal index dropped by 120.80 points at 5,112.97 as SAIL (6.51%), Hindalco Industries (5.17%), Jindal Saw (4.41%), Sterlite Industries (3.99%) and Gujarat NRE (2.92%) are trading in red.

BSE Bankex index is trading lower by 110.52 points at 5,314.98. Losers are ICICI Bank (4.76%), AXIS Bank (2.15%), PNB (1.14%), Bank of India (0.80%) and SBI (0.47%).

BSE Oil & Gas index is trading 70.88 points lower at 5,851.73 as Cairn India (2.43%), ONGC (0.52%), RPL (0.43%) and Aban Offshore (0.22%) are trading in negative.

BSE Capital goods index slipped by 21.18 points to 7,509.70. The main losers are Gammon India (4.14%), Crompton Greaves (2.64%), Alstrom Project (2.08%), Bharat Bijli (2.04%) and SKF India (1.03%).

BSE IT index inclined by 22.78 points to trade at 2,657.66 as TCS (3.97%), HCL Technologies (3.86%), Wipro (3.71%), Infosys Technologies (2.82%) and Satyam Computer (1.08%) are trading in positive.

BSE Power index is trading 8.63 points higher at 1,778. The main gainers are NTPC (3.70%), Tata Power (3.35%), GVK Power (4.14%), Suzlon Energy (1.77%), Reliance Power (0.57%).

BSE Realty index slipped by 79.60 points to 2,129.11. The major losers are DLF (3.19%), Ansal Infra (1.23%), Sobha Developers (0.63%) and Unitech (0.59%).

BSE Auto declined by 61.53 points to 2,548.30. Leading to its fall are Tata Motors (3.57%), Bajaj Auto (2.60%), Ashok Leyland (1.85%) and Maruti Suzuki (1.52%).

Pre Session Market - Nov 12, 2008

2008-11-12T09:53:00.000+05:30

Today Markets are likely to open negative as the US markets ended in red amidst concerns of economic slowdown estimates and further the other Asian markets today opened with blood bath. After yesterdays shattering trade today one could observe a little bounce back, however the IIP numbers would play a crucial role. Analysts are pessimistic about the IIP numbers and therefore any weak IIP numbers may further deteriorate the sentiments. Investors would be little cautious in approach and therefore the market is likely to trade in red.

On Tuesday, domestic Markets opened with a negative gap and further dived into deep red territory. The Chinese bail out plan had little to inspire domestic investors. The markets across Asia and Europe were trading in deep red and hence investors across the globe were trapped in negative sentiments. Sensex and Nifty fell by huge losses of 6.61% and 6.66% respectively. Realty fell the highest by 10.25% however Metal and Power faced profit booking recording losses of 8.42% and 7.70% respectively. During the trading session we expect the market to trade in red.

The BSE Sensex closed lower by 696.47 points at 9839.69 and NSE Nifty ended lower by 209.6 points at 2,938.65. The BSE Mid Caps and Small Caps closed with losses of 118.39 points at 3,356.70 and by 100.02 points at 3,888.01. The BSE Sensex touched intraday high of 10,405.39 and intraday low of 9,799.45.

On Tuesday, US markets closed in red on the back of poor estimates about the economic outlook. The Government is also planning to modify some GSE mortgages in an effort to prevent foreclousers. The American express has got the approval to convert into a bank holding company, which will further give it easy access to funds. Crude oil futures for the December delivery fell $1.17 to $59.33 a barrel on New York Mercantile Exchange. It also touched 20 months low of $59.10 a barrel. Despite OPEC’s announcement of cutting the oil production by 1.1 million barrels a day, the poor demand for crude seems to be pulling it.

The Dow Jones Industrial Average (DJIA) closed lower by 176.58 points at 8693.96 NASDAQ index lost 35.84 points at 1,580.90 and the S&P 500 (SPX) also fell by 20.23 points to close at 898.95 points.

Indian ADRs ended negative. In technology sector, Infosys lost (4.65%) and Wipro fell by (3.17%) followed by Satyam that ended low by (5.73%) and Patni Computers closing low by (4.84%). In banking sector ICICI Bank was low by (11.26%), while HDFC Bank fell (8.60%). In telecommunication sector, Tata Communication declined by (4.77%), while MTNL was low by (6.88%). Sterlite Industries was low by (7.05%).

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading flat at 1,828.558. Hang Seng is low by 365.35 points at 13,675.55. Further Japan''s Nikkei is low by 115.25 points at 8,694.05. Straits Times is also trading low by 24.39 points at 1,782.57 and South Korea’s Seoul Composite is low by 11.49 points at 1,117.24.

The FIIs on Tuesday stood as net buyers in equity and debt. Gross equity purchased stood at Rs 1651.70 Crore and gross debt purchased stood at Rs 645.00 Crore, while the gross equity sold stood at Rs 1516.10 Crore and gross debt sold stood at Rs 0.00 Crore. Therefore, the net investment of equity and debt reported were Rs 135.50 Crore and Rs 645.00 Crore respectively.

On Tuesday, the partially convertible rupee ended at 48.125/140 per dollar, its weakest since November 4 and 1.6% below Monday''s close of 47.35/37. The rupee fell on sharp fall in the equity market and the concerns of foreign money going out.

On BSE, total number of shares traded was 32.45 Crore and total turnover stood at Rs 3,731.03 Crore. On NSE, total volume of shares traded was 57.08 Crore and total turnover was Rs 8,821.63 Crore.

Top traded volumes on NSE Nifty – Suzlon energy with 43620267 shares followed by Unitech 18027831 shares, Reliance Comm with 13517679 shares, SAIL with 12419895 shares and Reliance Petro with 11396178 shares respectively.

On NSE Future and Options, total numbers of contracts traded in index futures were 985917 with a total turnover of Rs 13,849.75 Crore. Along with this total number of contracts traded in stock futures were 805756 with a total turnover of Rs 8,896.14 Crore. Total numbers of contracts for index options were 1107751 and total turnover was Rs 17,128.74 Crore and total numbers of contracts for stock options were 45523 and notional turnover was Rs 512.16 Crore.

Today, Nifty would have a support at 2,755 and resistance at 3,025 and BSE Sensex has support at 9,585 and resistance at 10,225.

Post Session Market - Nov 11, 2008

2008-11-11T16:36:00.000+05:30

Market crashed badly during the trading session to close in deep red on account sharp cut over the counters led by growing worries about a global recession. The Sensex sinked below 10,000 level and closed below 9,850 mark. Along with this, Nifty fell below 3000 level and closed below 2,950. Indian market opened on the back foot tracking the weak global cues and tumbled down further as the investors decided to book some profit after yesterday’s gains. The market kept on hovering in extremely territory without showing any sign of recovery on weak Asian markets as bankruptcy of two more banks and General Motors fueled the sentiments all over the world.

Further, harsh selling during final trading hours forced market to extend its losses and knock down stridently. All indices closed in red. Out of which, Reality stocks underperformed the benchmark index as closed with deep cut of more than 10%. Followed by this, the Metal index also lost more than 8%. Heavy selling was also witnessed from the Power, Oil & Gas, Teck, IT and Bank stocks baskets.

Among the Sensex pack 29 stocks ended in red territory while only 1 stock ended in green territory. The market breadth was negative as 1766 stocks closed in green while 759 stocks closed in red and 77 stocks remained unchanged.

The BSE Sensex closed lower by 696.47 points at 9,839.69 and NSE Nifty ended down by 209.60 points at 2,938.65. The BSE Mid Caps closed with losses of 118.39 points at 3,356.70 and Small Cap ended down by 100.02 points 3,888.01. The BSE Sensex touched intraday high of 10,405.39 and intraday low of 9,799.45.

Losers from the BSE Sensex pack are JP Associates (12.71%), Sterlite Industries (11.03%), Tata Steel (10.98%), Hindalco (10.18%), DLF Ltd (10.15%), BHEL (9.65%), Satyam Computer (9.22%), ONGC Ltd (8.77%), Tata Motors (8.54%), Wipro Ltd (8.03%), M&M Ltd(7.92%) and ICICI Bank (7.94%).

Only gainer from the BSE Sensex pack is ITC Ltd (0.06%).

The Reality index ended down by (10.25%) or 252.14 points at 2,208.71 as Indiabull Real (15.00%), Mahindra Life (11.33%), Housing Dev (11.18%), Orbit Co (10.93%), DLF Ltd (10.15%) and Parsvnath (9.97%) in negative territory.

The BSE Metal index ended lower by (8.42%) or 481.06 points at 5,233.77. Major losers are SAIL (11.77%), Sterlite Industries (11.03%), Tata Steel (10.98%), Hindalco (10.18%), Welspan Gujarat Sr (8.99%) and Sesa Goa Ltd (8.68%).

The BSE Power index lost (7.70%) or 147.62 points to close at 1,769.37. Losers are Suzlon Energy (13.78%), GVK Power (13.41%), GMR Infra (10.10%), BHEL (9.65%), ABB Ltd (9.61%) and NEyveli LIG (8.41%).

The BSE Capital Goods index dropped by (7.24%) or 587.55 points to close at 7,530.88. Losers are Suzlon Energy (13.78%), BHEL (9.65%), ABB Ltd (9.61%), Lakshmi Machines (8.07%), Crompton Greaves (8.00%) and Punj Lloyd (7.71%).

The BSE Oil & Gas index lost (7.18%) or 458.47 points to close at 5,922.61. Major losers are Cairn Ind (9.40%), ONGC Ltd (8.77%), Essar Oil Ltd (8.57%), Reliance Natural Resources (7.39%), Reliance (7.37%) and Reliance Pet (7.01%).

The BSE Teck index ended lower by (6.47%) or 143.08 points to 2,067.45 as Zee Entertainment (9.80%), Satyam Computer (9.22%), HCL Tech (9.22%), Aptech Ltd (9.03%), Tel Eighteen (8.85%) and Tanla (8.43%) ended in negative territory.

Mid Sesion Market - Nov 11, 2008

2008-11-11T12:50:00.000+05:30

The markets are now trading in deep red and are not showing any signs of recovery due to the lack of any buying support. The selling pressure continued across the board. The Realty, Capital Goods, Oil & Gas, Banking, Power and Metal stocks are facing most selling heat. The traders are also cautious to take any fresh positions ahead of release of IIP data. Further the weak global markets also added to the sentiments.

The BSE Mid Cap and the BSE Small Cap index are also trading lower with a loss of more than 1.5% each.

The BSE Sensex is now trading below the 10,100 mark and the NSE Nifty is hovering near the 3,000 mark.

The overall market breadth is negative as 739 stocks are advancing while 1492 stocks are declining and the 74 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading lower as Hang Seng, Nikkei 225, Straits Times and Shanghai Composite Index are trading lower by (2.88%), (3%), (2.86%) and (0.59%) respectively.

Reliance Communication reported the top gainer from the BSE Sensex pack as it was trading higher by (0.72%) at Rs.237.10 while Jai Prakash Associate reported the top loser down by (8.12%) at Rs.88.80.

The BSE Mid cap is lower by 73.16 points at 3,401.93 and the BSE small Cap slipped by 57.30 points to trade at 3,930.73.

At 12.31 pm, BSE Sensex was at 10,052.59 down by 483.57 points while the NSE Nifty was at 3,005.70 down by 142.55 points.

BSE Metal index dropped by 267.28 points at 5,447.55 as Sterlite Industries (7.59%), Hindalco Industries (6.89%), Tata Steel (5.57%), Sesa Goa (4.90%) and Jindal Saw (4.78%) are trading in red.

BSE Bankex index is trading lower by 292.49 points at 5,490. Losers are ICICI Bank (5.60%), AXIS Bank (5.51%), Kotak Bank (5.26%), SBI (4.78%) and HDFC Bank (4.14%).

BSE Oil & Gas index is trading 334.81 points lower at 6,046.27 as Cairn India (8.68%), Essar Oil (6.08%), RNRL (3.97%) and RPL (4.47%) are trading in negative.

BSE Capital goods index slipped by 437.56 points to 7,680.87. The main losers are Punj Lloyd (5.20%), L&T (5.40%), ABB (5.92%), Gammon India (4.84%) and Siemens (3.17%).

BSE IT index declined by 126.22 points to trade at 2,689.66 as Satyam Computer (5.24%), Infosys Technologies (4.96%), Wipro (3.14%), Mphasis (3.60%) and Tech Mahindra (2.26%) are trading in negative.

BSE Power index is trading 93.18 points lower at 1,823.81. The main losers are Suzlon Energy (6.60%), GVK Power (6.34%), Torent Power (5.16%), NTPC (5.06%), Tata Power (3.15%).

BSE Realty index slipped by 153.99 points to 2,306.86. The major losers are India Bull Real (11%), HDIL (6.81%), Penland (5.84%) and Parsavnath (5.63%).

BSE Auto declined by 68.10 points to 2,658.90. Leading to its fall are Ashok Leyland (3.82%), Mahindra & Mahindra (3.63%), Maruti Suzuki (2.36%) and Bajaj Auto (2.90%).

Pre Session Market - Nov 11, 2008

2008-11-11T09:48:00.000+05:30

Today Markets are likely to open negative as the US markets nose-dived into deep red yesterday and other Asian markets today opened with heavy blood bath. The financial crisis in US is still haunting as AIG has posted a whopping loss of $24.5 billion in the third quarter. In the domestic arena one could witness some profit booking today after a heavy gain yesterday. Investors would be little cautious about their holdings amidst global economic turmoil. Due to global crisis and falling demand of energy, Reliance industries is likely to delay commissioning schedules for it’s two oil and gas projects.

On Monday, domestic Markets opened with a positive gap on the back of China’s bailout plan of $586 billion fiscal package. The bailout plan boosted the moral of Chinese as well as other Asian markets. Sensex and Nifty gained phenomenal 5.74% and 5.89% respectively. Metal, Power, CG and Oil & Gas witnessed exemplary gains of 10.92%, 7.84%, 6.33% and 6.11% respectively. In the metal index NMDC, Jindal Steel and Sterlite were the forerunners as they surged heavily by 17.93%, 14.93 and 13.43% respectively. During the trading session we expect the market to be trading volatile.

The BSE Sensex closed higher by 571.87 points at 10,536.16 and NSE Nifty ended high by 175.25 points at 3,148.25. The BSE Mid Caps and Small Caps closed with marginal gains of 119.71 points at 3,475.09 and by 87.93 points at 3,988.03. The BSE Sensex touched intraday high of 10,570.58 and intraday low of 10,095.90.

On Monday, US markets nose dived into red on the back of negative concerns regarding financial and automaker companies overshadowed the Chinese financial bail out. The financial crisis in US is still haunting as AIG has posted a whopping loss of $24.5 billion in the third quarter. On the other hand auto major General Motor’s stock tumbled to its lowest in six decades after it was downgraded from hold to sell at Deutsche. Crude oil futures for the December delivery fell $1.91 to $60.50 a barrel on New York Mercantile Exchange. It also touched 20 months low of $59.10 a barrel. The Crude oil stocks were expected to have risen to 800000 million barrels last week.

The Dow Jones Industrial Average (DJIA) closed lower by 73.27 points at 8,870.54 NASDAQ index lost 30.66 points at 1,616.74 and the S&P 500 (SPX) also fell by 11.78 points to close at 919.21 points.

Indian ADRs ended negative. In technology sector, Infosys gained (2.29%) and Wipro gained by (4.46%) followed by Satyam that ended high by (0.52%) and Patni Computers closing high by (9.97%). In banking sector ICICI Bank was up by (4.62%), while HDFC Bank gained (0.45%). In telecommunication sector, Tata Communication declined by (4.69%), while MTNL was low by (0.62%). Sterlite Industries was up by (7.14%).

Today the major stock markets in Asia opened negative. The Shanghai Composite is trading flat at 1,881.12. Hang Seng is low by 25.28 points at 14,719.35. Further Japan''s Nikkei is low by 146.68 points at 8,934.75. Straits Times is also trading low by 21.75 points at 1,863.27 and South Korea’s Seoul Composite is high by 2.89 points at 1,155.35.

The FIIs on Monday stood as net buyers in equity and debt. Gross equity purchased stood at Rs1282.40 Crore and gross debt purchased stood at Rs387.80 Crore, while the gross equity sold stood at Rs1222.00 Crore and gross debt sold stood at Rs369.10 Crore. Therefore, the net investment of equity and debt reported were Rs60.30 Crore and Rs18.70 Crore respectively.

On Monday, the partially convertible rupee ended at 47.35/37 per dollar, 0.6% stronger than Friday''s close of 47.65/66. The rupee gained as local equities gained and created hope for fresh capital but the dollar demand from importers and oil corporates restricted further gains.

On BSE, total number of shares traded was 32.05 Crore and total turnover stood at Rs. 3,703.23 Crore. On NSE, total volume of shares traded was 62.86 Crore and total turnover was Rs 9,272.99 Crore.

Top traded volumes on NSE Nifty – Larsen with 3435688 shares followed by Nalco, Power grid, Reliance with 4959086 shares and BHEL with 2470578 shares respectively.

On NSE Future and Options, total numbers of contracts traded in index futures were 660034 with a total turnover of Rs 9,518.4 Crore. Along with this total number of contracts traded in stock futures were 736367 with a total turnover of Rs 8,080.71 Crore. Total numbers of contracts for index options were 784413 and total turnover was Rs 12,204.93 Crore and total numbers of contracts for stock options were 42062 and notional turnover was Rs 486.45 Crore.

Today, Nifty would have a support at 2,895 and resistance at 3,125 and BSE Sensex has support at 9,785 and resistance at 10,425.

Post Session Market - Nov 10, 2008

2008-11-10T16:35:00.001+05:30

The domestic market continued its rally for the second consecutive day to close with handsome gains on the back of intensive buying across the counters. The market extended its gains to more than 5% on favorable global cues led by China after it announced about massive economic stimulus package worth $ 586 billion in an attempt to lift its weakening economy. Further, Taiwan cuts interest rates by 25 bps, fourth time in two months after exports dropped in October by most in three years. The market opened on upbeat note and continued its northward journey till end on strong cues from the markets all over the world.

It was a fabulous session for the market. The BSE Sensex ended above 10,500 level with gain of more than 5.7% and NSE Nifty closed above 3,100 with increase of more than 5.8%. From the sectoral front, the Metal index surged to close with increase of more than 10%. Besides, the Power, Capital Goods, Oil and Gas, Teck, PSU, IT and Realty index also followed the rally to post good buying. Along with that, Midcap and small cap stocks were also in the limelight.

Among the Sensex pack 28 stocks ended in green territory and 2 in red. The market breadth was positive as 1694 stocks closed in green while 855stocks closed in red and 73 stocks remained unchanged.

The BSE Sensex closed higher by 571.87 points at 10,536.16 and NSE Nifty ended up by 175.25 points at 3,148.25. The BSE Mid Caps and Small Caps closed with gains of 119.71 points 3,475.09 and by 87.93 points at 3,988.03. The BSE Sensex touched intraday high of 10,570.58 and intraday low of 10,095.90.

Gainers from the BSE Sensex pack are Sterlite Industries (13.43%), Tata Steel (12.81%), Reliance Infra (10.93%), Hindalco (10.50%), JP Associates (10.21%), Tata Power (9.64%), ICICI Bank (9.24%), Bharti Airtel (9.13%), ONGC Ltd (8.65%), BHEL (7.66%) and NTPC Ltd (7.28%).

Losers from the BSE Sensex pack are ONGC Ltd (1.37%) and Maruti Suzuki (0.27%).

The BSE Metal index ended higher by (10.92%) or 562.50 points at 5,714.83. Major gainers are NMDC Ltd (17.93%), Jindal Steel (14.93%), Sterlite Industries (13.43%), Hindustan Zinc (13.38%), Tata Steel (12.81%) and Nalco (11.64%).

The BSE Power index surged (7.84%) or 139.42 points to close at 1,916.99. Gainers are GMR Infra (15.11%), GVK Power (13.58%), Torrent Power (11.94%), Reliance Infra (10.93%), ABB Ltd (9.24%) and Siemens Ltd (8.98%).

The BSE Capital Goods index advanced by (6.33%) or 483.02 points to close at 8,118.43. Gainers are Praj Industries (17.05%), Alstom Proje (10.44%), ABB Ltd (9.24%), Siemens Ltd (8.98%), Crompton Greaves (8.44%) and BHEL (7.66%).

The BSE Oil & Gas index gained (6.11%) or 367.51 points to close at 6,381.08. Major gainers are Cairn Ind (10.99%), ONGC Ltd (8.65%), Reliance (7.00%), Esar Oil Ltd (5.11%), Reliance Natural Resources (4.74%) and Aban Offshore (4.32%).

The BSE Teck index ended higher by (5.98%) or 124.79 points to 2,210.63 as Deccan Chronicle (19.56%), Aptech Ltd (12.24%), UTV Software (11.77%), Tata Telesrv (10.81%), Balaji Tele (9.72%) and Rolta India (9.39%) ended in positive territory.

The PSU index ended up by (5.62%) or 278.87 points at 5,244.67 as NMDC Ltd (17.93%), Nalco (11.64%), ONGC Ltd (8.65%), BHEL (7.66%), NTPC Ltd (7.28%) and Mahanag Tele (6.56%) in positive territory.

Mid Session Market - Nov 10, 2008

2008-11-10T12:51:00.000+05:30

The markets have maintained their opening gains and have gained further grounds as strong buying continued across the board. The announcement of the stimulus package by China has realyy supported the market today. The Metal, Capital Goods, Power, Oil & Gas and Banking stocks are on the buyer’s ride today. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of more than 2% each.

The BSE Sensex is now trading above the 10,300 mark and the NSE Nifty is hovering near the 3,100 mark.

The overall market breadth is positive as 1584 stocks are advancing while 686 stocks are declining and the 59 stocks remained unchanged on BSE.

On the global market front, the Asian Markets are trading higher as Hang Seng, Nikkei 225, and Shanghai Composite Index are trading higher by (4.69%), (5.81%) and (6.03%) respectively. The Asian Markets got a boost on the back of the China’s $586 billion stimulus plan over the weekend in order to tackle the effects of a global slowdown on its booming economy.

Sterlite Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (13.45%) at Rs.279.25 while Maruti Suzuki reported the top loser down by (0.46%) at Rs.594.90.

The BSE Mid cap is higher by 98.44 points at 3,453.82 and the BSE small Cap advanced by 79.07 points to trade at 3,979.17.

At 12.31 pm, BSE Sensex was at 10,366.46 up by 402.17 points while the NSE Nifty was at 3,094.50 up by 121.50 points.

BSE Metal index surged by 450.83 points at 5,603.16 as Sterlite Industries (13.55%), Jindal Steel (11.17%), Tata Steel (10.36%), Nalco (8.54%) and JSW Steel (8.46%) are trading in green.

BSE Bankex index is trading higher by 164.23 points at 5,696.38. Gainers are ICICI Bank (5.79%), IDBI Bank (4.69%), Kotak Bank (4.09%), SBI (3.20%) and AXIS Bank (2.84%).

BSE Oil & Gas index is trading 225.21 points higher at 6,238.78 as ONGC (5.12%), Essar Oil (4.93%), Cairn India (4.85%) and RNRL (4.35%) are trading in positive.

BSE Capital goods index advanced by 467.53 points to 8,102.94. The main gainers are Praj Industries (15.87%), Punj Lloyd (6.78%), Siemens (9.81%), ABB (6.01%) and BHEL (7.39%).

BSE IT index inclined by 28.28 points to trade at 2,698.82 as Satyam Computer (3.47%), Wipro (3.07%), HCL Technologies (2.21%), Mphasis (2.02%) and Tech Mahindra (1.08%) are trading in positive.

BSE Power index is trading 98.48 points higher at 1,876.05. The main gainers are Torent Power (16.26%), Tata Power (6.14%), GVK Power (6.16%), Reliance Power (4.61%), Power Grid (3.32%).

BSE Realty index improved by 31.14 points to 2,373.96. The major gainers are HDIL (8.08%), Omaxe Ltd. (4.87%), Sobha Developers (4.54%) and Unitech (4.04%).

BSE Auto inclined by 17.32 points to 2,678.85. Leading to its gain are Tata Motors (5.10%), Bajaj Auto (3.33%), Ashok Leyland (2.69%) and Mahindra & Mahindra (1.02%).