Post Session Market - Dec 26, 2008

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

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

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 23, 2008

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

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 22, 2008

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

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

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 19, 2008

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

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

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

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 18, 2008

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 17, 2008

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

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

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 16, 2008

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

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

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

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

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

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

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

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

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

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

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

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

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

Post Session Market - Dec 15, 2008

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

Post Session Market - Dec 12, 2008

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.

Post Session Market - Dec 11, 2008

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.

Post Session Market - Dec 10, 2008

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%).

Post Session Market - Dec 08, 2008

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%).

Post Session Market - Dec 05, 2008

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.

Post Session Market - Dec 04, 2008

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.

Post Session Market - Dec 03, 2008

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%).

Post Session Market - Dec 02, 2008

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.

Post Session Market - Dec 01, 2008

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%).

Post Session Market - Nov 28, 2008

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%).

Post Session Market - Nov 26, 2008

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%).

Post Session Market - Nov 25, 2008

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%).