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Mumbai, Sep 7 (ANI): The Sensex of the Bombay Stock Exchange (BSE) gained 325 points to reach 16,014 on Monday.
Markets have surged higher in the second half with the NSE Nifty has surging past the 4750 mark to reach a 52 weeks high and the BSE Sensex has also surged past the 16000 levels.
Accept ITC and Mahindra and Mahindra all the other companies gained from today’s transaction.
Among the major gainers were ICICI Bank, Reliance Industries, L and T, Bharti and HDFC. (ANI)
Mumbai, Sep 7 (ANI): The Nifty of the National Stock Exchange (NSE) touched a 52-week high of 4743.75 on Monday following early trends of good purchasing in all Asian markets.
Earlier, during the intra-day the Nifty registered the high of 4737.20 and low of 4679.30.
Indian markets were well-poised Monday taking cues from the positive global markets as all the sectoral indices were up, led by gains in realty, metals and auto stocks.
According to the market analysers, the US markets closed up and other Asian markets are positive.
Asian stocks rose for a third day, led by finance and technology companies, as the G-20 nations agreed on steps to shore up the global financial system.
The Sensex of the Bombay Stock Exchange (BSE) was at 15862.98, up 173.86 points the 30-share index touched a high of 15877.12 and low of 15793.27.
Amongst the sectoral indices, BSE Realty Index was up 2.13 per cent, BSE Metal Index moved up 1.60 per cent and BSE Auto Index gained 1.30 per cent.
BPCL 6.28 percent, Reliance Communications 3.36% percent, TCS 2.56 percent, Tata Motors 2.30 percent and Reliance Capital 2.20 percent were amongst the Nifty gainers. (ANI)
Mumbai, Aug 21 (ANI): The Bombay Stock Exchange (BSE) benchmark Sensex fell by 162 points to below 15,000 levels in opening trade on Friday.
The 30-share index fell to 14,850.51 in the first five minutes of trade. On Thursday, it had gained nearly 202 points.
The National Stock Exchange (NSE) index Nifty fell by 52.55 points, to 4,400.90 points. (ANI)
New Delhi/Mumbai, July 6 (ANI): India Incorporated on Monday reacted with disappointment to the proposals for Budget 2009-10 introduced by Union Finance Minister Pranab Mukherjee.
It said that Mukherjee had remained silent on key points like the revamp of fuel policy, corporate tax, and the disinvestment roadmap.
The Bombay Stock Exchange (BSE) benchmark Sensex suffered the biggest fall on any Budget day and in the year too by plunging over 869 points on the BSE on concerns at the high fiscal deficit (6.8 percent) set by the Union Budget.
The Sensex, which started coming down soon after the announcement of budgetary proposals, dipped below the 14,000-point level before closing 869.65 points down at 14,043.40, surpassing the hefty fall of 749 points on January 7.
The key index had touched the day’s low of 13,959.44 as all the heavyweight stocks led by Reliance Industries suffered a heavy loss 6.53 per cent. Besides the fiscal deficit, trading sentiment also affected as European stocks dipped to a seven-week low on worries that economic recovery might still be far way off. The 50-share National Stock Exchange index Nifty also tumbled by 258.55 points to 4,135.70, after hitting the day’s low of 4,133.70.
Banking sector stocks suffered the most, losing 8.17 per cent to 7,768.63, as ICICI Bank tumbled by 10 per cent and HDFC Bank by 5.88 per cent among lenders as the Budget did not have measures to open up the industry and on concerns that the borrowing plan will reduce the value of bond holdings, brokers said.
Apart from the fiscal deficit, the other worry for captains of industry was the hike in Minimum Alternate Tax from ten to fifteen percent.
The Nifty also gave a thumbs down to the budget announcements.
Mukherjee left the corporate tax, customs and excise duty structure unchanged. He abolished the Fringe Benefit Tax which was the bugbear of the industry. Also, the deadline for Corporate India’s demand for a rollout of Goods and Services Tax has been set as April 2010.
He left the Securities Tax unchanged but scrapped the Commodities Transaction Tax. (ANI)
New Delhi, July 6 (ANI): Bombay Stock Exchange (BSE) crossed 15,000 points on Monday as investors built positions ahead of presentation of general budget.
Following the trends of the BSE the National Stock Exchange (NSE) also gained 14 points on the opening day.
Infrastructure stocks were in the limelight on Bombay Stock Exchange (BSE) expecting the budget would offer sops to the infrastructure sector.
BSE’s Sensex was trading at 14989, higher by 76 points while National Stock Exchange’s (NSE) Nifty climbed 14 points to 4435.45.
The budget is expected to allocate more to water, power, rural employment, and defense sectors. Export sector, especially the textiles and jewellery is expected to get a package from this budget. There will be more deduction for housing and taxable income levels may be raised.
Other Asian stock markets declined as commodity prices suffered. The Nikkei was down 1.44 per cent, Topix lost 0.92 per cent, Hang Seng fell 0.77 per cent and Straits Times shed 0.78 per cent. (ANI)
Mumbai June 23(ANI): Due to the heavy selling of funds and weak global trends the benchmark Sensex of Bombay Stock Exchange (BSE) registered a fall of over 309 points in the opening trade.
The index, which suffered 195 points yesterday, fell further by 309.27 points.
The Nifty of National Stock Exchange (NSE) also followed the trends and suffered 92 points in opening trade to start at 4,143.25.
Tycoons like Reliance Industries and Infosys were the heavy sufferers in today’s trading. (ANI)
Mumbai June 22 (ANI): The Bombay Stock Exchange (BSE) benchmark sensex crossed over 140 points in opening trade, thanks to the capital inflows by foreign funds, and signals of stability from the other Asian markets.
Continuing its rising pace for the second consecutive session, the 30-share index, which was pitched at 256.36 points in the last session, collected another 140.40 points, to register 14,662.29 in opening trade.
The leading Asian markets like Hong Kong’s Hang Seng was up 2.25 percent, while Japan’s Nikkei rose 0.30 percent in morning trade.
According to experts, pick up in buying by foreign funds, sparked by firming trends in the Asian markets and covering-up of short positions by speculators mainly influenced the trading sentiments but this trend was confined to a few sectors only.
The shares of Reliance Communications were in good demand and traded 3.16 percent higher at Rs 314.80 amidst speculations of its strategic alliance with China mobile.
The Sensex also gained from the raise in the shares of Reliance Industries by 0.25 per cent at Rs 2,044.70, Reliance Infra 1 per cent at Rs 1,274.90, BHEL 1.79 per cent at Rs 2,128, Grasim Industries 1.38 per cent at Rs 335.10, L and T 2.81 per cent at Rs 1,538.15, Mahindra and Mahindra 1.04 per cent at Rs 745, ICICI Bank 2.36 per cent at Rs 730.60.
Following the trends of BSE the National Stock Exchange (NSE) index Nifty moved up 38.65 points to 4,352.25. (ANI)
Mumbai, May 18 (ANI): Markets on Monday hailed the return of the ruling United Progressive Alliance’s (UPA) to power with the Bombay Stock Exchange’s (BSE) Sensex and National Stock Exchange’s Nifty hitting the upper circuit, following which trading was halted for an hour.
The BSE Sensex opened on 1,305.97 points or 10.73 percent at 13,479.39, while the NSE’s Nifty was locked at 4203.30, higher by 14.48 per cent or 531.65 points.
All major sector-indices were in the positive zone.
It is for the first time that the Sensex has hit the upper circuit of 10 percent. (ANI)
Mumbai, May 4 (ANI): The Bombay Stock Exchange Benchmark Sensex crossed the 12,000 mark today for the first time since October.
At 10:34 a.m, the 30-share index, which had gained 401.50 points in the previous trading session, added another 521.93 points at 11,925.18.
BSE Midcap Index was up by 3.43 per cent and BSE Smallcap Index moved 3.08 percent higher.
Amongst the sectoral indices, BSE Metal Index was up by 7.14 per cent, BSE IT Index gained 5.78 per cent and BSE Bankex moved 5.52 per cent higher. BSE Healthcare Index also gained 1.42 per cent.
The rise in the index was attributed to brisk buying by funds in blue-chip shares in the early trade.
Likewise, the National Stock Exchange’s Nifty went up by 148.50 points to touch a seven-month high of 3,622.45 points.
Biggest Sensex gainers were Sterlite Industries (11.72 percent), Mahindra and Mahindra (9.63 percent), HDFC (9.58 percent), Hindalco Industries (9.1 percent) and Tata Steel (8.84 percent).
There were no losers in the 30-share index.
Meanwhile, shares across the Asia-Pacific region were also on the rise.
Hong Kong’s Hang Seng gained 4.68 per cent, Singapore’s Straits Times rose by 4.59 per cent and China’s Shanghai Composite rose by 3.28 per cent. (ANI)
Mumbai, Apr 24 (ANI): The Bombay Stock Exchange benchmark Sensex on Friday climbed to a six-month high at 11,329.05.
The Sensex, which touched the high level of 11,362.88 during the day, ended with a gain of 194.06 points at 11,329.05.
The National Stock Exchange’s Nifty also rose by 57.05 points to 3,480.75.
Daily trading on the BSE increased to 5,723 crore rupees from 4,743 crore rupees in the previous session.
Banks in trading closed higher on several positive earnings and other news. The State Bank of India (SBI) gained 3.33 percent to Rs. 1,307.80, Punjab National Bank 5.28 percent to Rs. 518.35, IDBI Bank 13.08 percent to Rs. 67.45 and ICICI Bank 2.10 percent to Rs. 432.50. (ANI)
Nifty showed increased volatility around 3430 -3450 which happens to be the 200 DMA of the market and closed below this at 3384. Increasing volatility at this level is obvious as Nifty has rallied almost 1000 points from 2540 to 3510.
A consolidation can be seen around levels of 3150-3400 before market makes new highs.
As mentioned in our previous reports Nifty is trading in an overbought zone and any correction in the near term is not ruled out. Nifty is in a intermediate uptrend until 2960 is not broken, so any correction at around 3150-3200 levels should be used as a buying opportunity by the short term traders as well as investors. The key focus should be the large caps as they will be the first one to initiate the upswing. Near term support for the market is at 3300 and then 3150.
Technical Analysis by Hunny Tarika (hunny.tarika@fairwealth.in), FAIRWEALTH SECURITIES PVT. LTD. Please check FairWealth Securities for more information.
All the information and opinions mentioned above are purely based on Technical Analysis.
While commenting on the market performance of the day, Alex Mathew head, research centre – Geojit Financial Services stated that the stock markets belled the day in green on account of optimistic prompts coming in from the worldwide markets and dealt robustly all the morning session but capitalists cashed in on the gains produced during the morning session that occurred in the noon session earlier than the weekend and marked its closure in green but off the days` low.
During the afternoon trading, European markets that started optimistically moved in a subdued direction as it was awaiting outcomes of major business houses including Carrefour and Sony Ericsson passing less support to Indian stock markets.
On the positive side, the markets rallied during the morning trade with real estate, bankex and capital goods heading the rally on the hope of interest rate cut from the part of Reserve Bank Of India (RBI).
The stock markets broke up during the last trading hour bringing the stock markets into the pessimistic region and came to a close in green with Sensex up 0.69% and Nifty in contrast was up 0.44%. On the sectoral front, the top gainers list included Realty, which gained 3.13%, Bankex up 2.93%, IT up 2.92%, Capital Goods up 2.57% and Technology up 2.04%.
FMCG closed the day after losing 0.64%, while Oil was down by 0.29%.
On Nifty, the top performers included Unitech, which was up by 21.99%, Axis Bank up 6.6%, HCLTech up 5.61%, L and T up 4.47% and Infosys up 3.87%.
The losers comprised Hindalco, which lost 4.84%, TISCO down 4.05%, Cipla down 3.83%, SAIL down 3.78% and Sterlite down 3.22%.
Alex Mathew opined, “For Nifty the major support is there at 3,214 (10 day exponential moving average). If selling continuous on Monday then Ranbaxy, Sail, ACC, M and M are good for taking short positions especially Ranbaxy if it trades below 181 then it may test 170 and 160.”
“Volumes were on the higher side due to portfolio churning by the institutional investors. The 5 week relative strength index (RSI) still remains in the overbought region, so one may see further sell off,” he added.
New Delhi – Indian markets turned bullish in morning trading Friday with the benchmark Sensex index rising 3.5 per cent after gains in global markets.
The 30-share sensitive Sensex index of the Bombay Stock Exchange rebounded from Thursday’s 3-per-cent fall, rising 378.97 points, or 3.46 per cent, to 11,326 at midday.
Banking, real estate, capital goods, metal and power stocks led the advances.
The broader 50-share S and P CNX Nifty of the National Stock Exchange also gained 3.46 per cent and traded at 3,486.15.
Other Asian markets were in the black after US stock indices rose Thursday, led by advances in technology and financial issues that overshadowed a major bankruptcy in the US housing market. (dpa)
The Indian stock markets remained buoyant and close higher on Monday, for the seventh consecutive day, after an intraday volatile session.
During trading session, the Sensex surpassed the 11,000 mark while the Nifty tested the 3,400 level. BSE Sensex settled the day at 10,967, up 163 points or 1.51%, and Nifty ended up 40 points or 1.21% to 3,382.
Further, BSE Mid Caps and Small Caps also ended the day with gains of 106.57 and 147.61 points at 3,464.92 and 3,915.16 respectively.
The domestic market opened on Monday, on green territory backed by positive cues from the global markets. However, benchmark indices soon turned volatile on profit booking by investors.
But during mid-afternoon hours, the resumption of buying by the foreign funds led buying interest back in the domestic bourses. In addition, the firm cues from the global markets also contributed to the upward journey of Sensex.
On sectoral front, Metal, Bank, Reality, PSU, Auto, Capital Goods and Power stocks attracted most of the buying. While, segments like consumer durable and IT stocks witnessed heavy selling in select counters.
The list of gainers from the BSE Sensex pack included Tata Motors (12.01%), Tata Steel (8.31%), Sterlite Industries (7.39%), SBI (6.80%), DLF Ltd (5.04%), HDFC Bank (4.84%), ICICI Bank (4.49%), RCom (3.49%), M and M Ltd (3.39%) and JP Associates (3.25%).
While, the losers from the BSE Sensex pack were TCS Ltd (1.91%), Wipro Ltd (1.90%), Grasim Indus (1.59%), HUL (1.33%), Infosys Tech (1.22%), NTPC Ltd (1.00%) and HDFC (0.99%).
The Indian stock market will remain close on tomorrow i.e. Tuesday (14th April 2009) for Dr. Ambedkar Jayanti.
Mumbai, Apr 13 (ANI): The Bombay Stock Exchange’s Sensex on Monday touched the 11,000-point mark for the first time in over 18 months.
The Sensex, which touched the high level of 11,000 points during the day, ended with a gain of 122.47 points at 10,926.33.
The National Stock Exchange’s Nifty rose by 24.90 points to 3,366.95.
Biggest Nifty gainers were Tata Motors (11.99 percent), Suzlon Energy (9.83 percent), Tata Steel (8 percent), ABB (7.69 percent), Sterlite Industries (7.46 percent) and State Bank of India (6.64 percent).
The BSE Midcap Index was up 2.86 percent and the BSE Smallcap Index rose 3.63 percent. (ANI)
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Indian Stock Markets
Indian Stocks markets stayed in positive zone on Thursday. Markets are waiting for next trigger and are range-bound.
The benchmark indices closed the session on a flat note after remaining volatile throughout the day. The Sensex closed the day at 10,803 up 0.57% or 62 points after swinging in the range of 10,655 – 10,932. The NSE Nifty shut almost flat at 3,342 down just 0.03% or 0.9 points after trading in the range of 3,307 – 3,399. Among broader indices, BSE Midcap Index was up 1.6% or 55 points and Small Cap Index was up 1.6% or 61 points. Buying was seen in banking, realty and metal stocks.
Inflation for the week-ended March 28 has come in at 0.26% as against 0.31% a week earlier. The Index of Industrial Production for February has come in at a negative 1.2% as against negative 0.5% M-M.
On a weekly basis, Sensex up 4.4% and Nifty up 4%. And in the mid-cap space, Nifty Junior up 6.5%, CNX Midcap Index up 3.5% and BSE Small Cap Index up 9.5%.
Movers and Shakers
The Realty Index rose 104 points or 5.4% to settle at 2,041. Puravankara Projects gained 20%. Indiabulls Real, Unitech HDIL and DLF were up 2-8%.
The Metal Index surged 243 points or 3.725, to close at 6,801. JSW Steel jumped 13.5%. Tata Steel, Sesa Goa, Jindal Steel, Jindal Saw, Sterlite went up 3-7%.
In the banking sector, the index went up 2.6% or 130 points at 5,045. Stocks like ICICI Bank shot up 5.6%. SBI and PNB were up 1% each.
The BSE Capital Goods Index was up 95 points or 1.31% to 7,371. L and T, Siemens and ABB gained 1.5%-3% while BHEL and Punj Lloyd fell by almost 1% each.
In the oil and gas space Reliance Industries and Reliance Petroleum went up by 0.6% each while ONGC and Cairn India declined over 2%.
Among the Sensex pack, Jaiprakash Associates, Reliance Infrastructure and Bharti Airtel rose by 4-8%.
Among the top losers were HindLever, Mah and Mah and Wipro down 3% each.
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Stock Futures Add 7.2 Cr Shares In OI On April 08Stock futures added 7.2 crore shares in open interest, OI on April 08, 2009 (Wednesday). In Nifty futures, FIIs remained net buyers to the tune of Rs 909.6 crore wherein Open Interest surged by 41,654 contracts.
Reliance Industrial Infrastructure was the best performer on Wednesday. It gained 46% and its Open interest (OI) doubled to 3.5 lakh shares. The stock climbed up 93% in 2 trading sessions.
Stock futures on April 08 appended 7.2 crore shares in open interest.
Foreign Institutional Investors (FIIs) were net buyers in the equity segment worth Rs 909.6 crore in Nifty futures on April 8.
The Open Interest went up by 41,654 contracts. But, they net sold Rs 636.8 crore in Stock Futures in which Open Interest remained up by 9,799 contracts.
The Nifty April futures appended 27 lakh shares in OI and marked their closure with 12.5 points premium as against 4 points premium a day ago.
Nifty 3300 put added up 8.6 lakh shares in OI and Nifty 3500 call appended 6.4 lakh shares in Open Interest.
The discount of Unitech reduced to 0.2 points, and the stock surged 7% and its futures zoomed up by 8.5%. Its futures Open Interest was up by 10%.
The arbitrage positions were seen in Ispat and SCI. Ispat gained 8.3%, but its cost of carry, CoC was down and futures Open Interest was up by 8%.
On the other hand, SCI stock surged 3.4% whereas its CoC remained weak. Its futures open interest was up by 78%.
On Wednesday, fresh long positions were seen in NTPC, which climbed up 6.6%. Its CoC was up as well and futures Open Interest was up by 11%.
The star performer on Wednesday was Reliance Industrial Infrastructure, which zoomed 46% and its open interest (OI) increased two fold to 3.5 lakh shares. The stock went up 93% in 2 days.
Anticipating the current back off to carry on for a few more days, futures and options (F and O) traders on April 08, 2009 relaxed their short positions at 3,300-3,400 call options.
These traders anticipated the Nifty to attain the 200 daily moving average (DMA) level of 3,443 sometime by the coming week and, hence, they developed long positions of 637,600 shares in 3,500 strike call options.
The open interest (OI) at 3,300 strike call options turned down by 540,850 shares, pointing that traders wanted the Nifty to trade above 3,300 going forward.
The 3,400 strike call options appended an open interest (OI) of 299,600 shares in spite of a trading volume of 7.55 million shares, signaling slowing down of shorts and build-up of fresh long positions at 3,400 call options.
The Nifty April futures saw short-covering of around 4 million shares in the intraday trade and build-up of new long positions of 2.75 million shares to close the day.
Nifty futures have been trading at a premium for almost three weeks at this time and hold an open interest of 40.92 million shares, the maximum since March 2008.
FIIs extended short positions and built up long positions ever since the April series began trading at a premium to the spot.
The Nifty in On Wednesday session took the vital support at 3,150 and rallied 200 points to close above 3,300.
Tokyo – Asian stocks slumped Wednesday on concerns over upcoming corporate earnings reports and profit taking.
The day’s sharpest stock losses were seen in Hong Kong and mainland China, where the major indices fell more than 3 per cent, as analysts predicted dismal earnings for companies for the quarter that just ended as well as for this year.
Japan’s benchmark Nikkei 225 Stock Average plunged 2.69 per cent to 8,595.01 while its broader Topix index of all first-section issues was also down 2.08 per cent at
815.26.
Wall Street’s overnight losses dragged down shares in Tokyo as did Sharp Corp’s announcement that it was enlarging its expected losses for the fiscal year that ended March 31.
The Japanese electronics company said it expected its net loss to expand to 130 billion yen (1.3 billion dollars) from a February forecast of 100 billion yen and its operating loss – its first since 1977 – to worsen to 60 billion yen from 30 billion yen as demand for digital products dwindles amid harsh price competition and the global economic downturn.
Oil and property stocks fell in Hong Kong, where the benchmark Hang Seng index fell 3.04 per cent to 14,474.86, on lower crude and housing prices.
Developers in mainland China were also expected to face a stagnant market as their shares took a hit and the Shanghai Composite Index saw its biggest drop in six weeks, tumbling 3.76 per cent to 2,347.38, while the Shenzhen Composite Index dipped 3.29 per cent to 780.46.
In India, stocks bounced back from early losses on investors’ aggressive buying of property and energy shares as the Bombay Stock Exchange’s 30-share Sensex index rose 0.35 per cent to 10,571.89 and the National Stock Exchange’s broader 50-share Nifty was up 0.79 per cent at 3,282.25.
They were the exception to the norm, however, as investors in other countries in the region sold shares after analysts suggested that a stock rally that lasted through much of March was unsustainable in the current economy and before quarterly earnings reports began rolling in.
Company profits were expected to drop about 37 per cent, according to a survey of Wall Street analysts by the Bloomberg financial news agency. It would be the seventh-straight quarter of falling earnings.
Aluminium giant Alcoa Inc reported a first-quarter loss of 497 million dollars late Tuesday after posting a profit of 303 million dollars in the same quarter of 2008. The report marked Alcoa’s second-straight quarterly loss.
Investors in Australia sold stocks to lock in gains made earlier this week, sending the ASX 200 down 2.7 per cent to 3,516.
Bucking the trend were gold stocks with Newcrest Mining Ltd and Lihir Gold Ltd rising by more than 2 per cent.
In South Korea, Asia’s fourth-largest economy, profit taking also saw the benchmark Kospi index fall 2.93 per cent to 1,262.07.
Taiwan ended a six-session winning streak as its Taiex index fell 2.4 per cent to 5,443.56.
Dealers said the government’s plan to lower credit card interest rate ceilings to no more than 12.5 per cent from around 20 per cent seriously battered financial shares.
In Singapore, the Straits Times Index fell 2.05 per cent to 1,765.51.
Other markets in South-East Asia saw lower drops. The Jakarta Composite Index dipped 1.41 per cent to 1,469.86, the Kuala Lumpur Composite Index was down 0.66 per cent at 913.74 and the Stock Exchange of Thailand was down 0.57 per cent at 440.03.
The Philippine Stock Exchange 30-share composite index was one of the few in the region to buck the downward trend and rose 1.03 per cent to 2,072.81.(dpa)
Carrying forth its gains into the fifth week, the Bombay Stock Exchange’s Sensex was up 186 points on Monday, and closed at 10,534, while the Nifty was up by 45 points to close at 3,256. With the Indian markets consolidating, the index traded between 10,654 and 10,411.
The figures marked the highest level of the benchmark index since 10 November, 2008; thanks to the rising sanguinity about the global economy, and metals and capital goods, and auto stocks showing robust gains.
In Monday’s broad rally the market breadth was positive – while 72 stocks remained unaffected; the 1860 gainers on the BSE easily surpassed the 635 losers.
Among the top gainers in the 30-share index were – Mahindra and Mahindra with 12.07 percent; Reliance Communications up 11.93 percent; Larsen and Toubro rising 7.63 percent; HDFC 7.56 percent; and Reliance Infrastructure up by 6.55 percent were the biggest gainers in the 30-share index.
The top losers included – ITC which fell 2.97 percent; Grasim Industries 2.87 percent; ACC 2.63 percent; Ranbaxy Laboratories 2.47 percent; and Hindustan Unilever dropped 1.56 percent.
Commenting on the Monday rally, Ajay Bagga – India-Deutsche Bank’s Private Wealth Management Head – said: “This rally driven by global markets appears to have some more legs. Globally, the liquidity scenario has improved and the risk appetite of investors has also increased.”
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