Markets Lose Your Balance Commencing Years Of High - July 31, 2009

The markets slipped off from the session highs in the afternoon trade as selling pressure emerged at higher level. Further the negative opening of the European markets also turned down the sentiments. The buying activity continued among the FMCG, Banking, Consumer Durables and Oil & Gas stocks. However, Realty and Tech index are witnessing some selling pressure.

The overall market breadth is positive as 1380 stocks are advancing while 1261 stocks are declining in BSE.

Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading up by (6.35%) at Rs. 420.50 while Bharti Airtel reported the top loser trading down by (3.31%) at Rs. 409.50.

The BSE Sensex is trading up by 214.97 points at 15,602.93 and the NSE Nifty is trading higher by 50.25 points at 4,621.70.

The BSE Mid Cap increased by 50.12 points to 5,556.52 and the BSE Small Cap grew by 8.93 points to 6,212.94.

The FMCG index is trading with gains of 66.29 points or 2.50% at 2,720.43. Leading from the gainers pack are United Spirits trading up by 6.21% at Rs. 1019 along with Nestle Limited by 6.04% at Rs. 2197.75, Godrej Cons by 2.61% at Rs. 220.45, Ruchi Soya by 2.35% at Rs. 60.95, HUL by 2.34% at Rs. 288.45, ITC by 2.29% at Rs. 248.35 and United Brew by 1.94% at Rs. 147.30.

The Bankex index is trading up by 169.43 points or 2.04% at 8,475.34. Gainers from this pack are SBI trading up by 5.58% at Rs. 1818.90 followed by Kotak Bank by 4.37% at Rs. 656, Indus Ind bank by 2.90% at Rs. 87, Federal bank by 2.40% at Rs. 243.60 and Bank of Baroda by 2.20% at Rs. 434.70.

The most active shares on NSE are Unitech trading at Rs. 91.90 with a total traded quantity of 47075139 shares followed by Suzlon Energy trading at Rs. 99.40 with a total traded quantity of 37055838 shares.

Great Eastern Shipping Company Limited (GE Shipping) is trading up by 1.27% at Rs. 255.70. The company posted a net profit after tax of Rs 1262.80 million for the quarter ended June 30, 2009 as compared to Rs 3875.90 million for the quarter ended June 30, 2008.

Total Income has decreased from Rs 9914.80 million for the quarter ended June 30, 2008 to Rs 6290.20 million for the quarter ended June 30, 2009.

On the global markets front, the European markets are now trading lower as the FTSE 100, DAX and CAC 40 index are trading down by (0.17%), (0.35%) and (0.23%) respectively.

Market Continued Strong Point At Higher Levels - July 31, 2009

Market after a robust opening, the key benchmark indices gusted northward, hitting their highest level in more than a year, following global market and better than expected India Inc results boosted confidence. World equity funds gathered $9.5 billion in the week ending 29 July 2009, as per global fund tracker EPFR Global, highest since June 2008. BRIC (Brazil, Russia, India and China) equity funds seeing net inflows for a 19th consecutive week.

India equity funds took in a year-to-date high of $211 million in the most recent week, while China and Greater China stock funds reported $711 million in fresh money.

On the sectoral front, all 13 Indices were positive. Oil exploration stocks advanced after US crude futures bounced back overnight, closing around 6% higher to reverse losses suffered in the previous session as Wall Street sizzled and the dollar edged lower.

Auto stocks gained after being deteriorated in previous sessions and also strong quarterly earning results.

Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, advanced 4% to 2,686.70 overnight.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,677 stocks traded so far, 1,524 shares advanced while 1,052 shares declined. Nearly 101 shares are unchanged.

The BSE Sensex is trading higher by 306.50 points at 15,694.46 whereas NSE Nifty is up by 86.85 points at 4,658.30.

The BSE Mid Cap is trading higher by 89.32 points at 5,595.72 and Small cap is trading up by 52.94 points at 6,256.96.

Major gainers from the BSE Sensex pack are ONGC Limited surged 5.95% to Rs. 1,165.00 along with State Bank of India Limited by 5.24% to Rs. 1,813.00, Tata Motors Limited 5.16% to Rs. 415.80, Sterlite Industries by 3.63% to Rs. 649.45, ITC Limited by 3.38% to Rs. 251.00, Hindustan Uniliver Limited by 2.80% to Rs. 289.75, Tata Steel Limited by 2.73% to Rs. 465.45, HDFC Bank Limited by 2.60% to Rs. 1,497.80, Larsen & Toubro Limited by 2.33% to Rs. 1524.30 and ICICI Bank by 2.14% to Rs. 771.55 among others.

Major losers from the BSE Sensex Pack are Bharti Airtel Limited plunged 0.61% to Rs. 420.90 and Grasim Industries Limited by 0.01% to Rs. 2,752.00.

The BSE Bankex is higher by 230.23 points or 2.77% at 8,536.14. Stocks gained are State Bank of India Limited 5.24% to Rs. 1,813.00, Kotak Mahindra Bank Limited 4.29% to Rs. 655.50, IndusInd Bank 3.84% to Rs. 87.80, Federal Bank Limited 3.28% to Rs. 245.70, HDFC Bank Limited by 2.60% to Rs. 1,497.80, Bank of India Limited by 2.55% to Rs. 333.25 and Canara Bank Limited 2.49% to Rs. 286.20 among others.

Bhushan Steel Limited gained 4.65% to Rs. 782.50 after net profit increased significantly 29.5% to Rs. 171.87 crore on a 1.1% slide in sales to Rs 1,304.70 crore in Q1 June 2009 as against Q1 June 2008.

Mahindra & Mahindra Limited advanced 0.11% to Rs. 853.00 on the back strong Q1 June 2009 results.

State Bank of India Limited gusted 5.24% to Rs. 1,813.00 on the back better-than-expected Q1 June 2009 results.

Reliance Infrastructure Limited improved 1.55% to Rs. 1,203.50 after net profit increased significantly 25.4% to Rs. 316.57 crore on a 9.5% rise in sales to Rs 2,407.22 crore in Q1 June 2009 as against Q1 June 2008.

Nestle India Limited spurted 7.55% to Rs. 2,229.00 after net profit zoomed 33.8% to Rs. 1,62.02 crore on a 16.8% increase in sales to Rs 1,209.51 crore in Q2 June 2009 as compared to Q2 June 2008.

Market To A Year High Of Positive On Little Sentiments - July 31, 2009

The market fresh buying has pushed the domestic benchmark indices into the northward direction. The domestic markets have joined the rally across US and Asian markets with the hope of global economic recovery on track backed by solid overseas corporate results. On a stock specific move, ONGC is trading higher by over 4.5% after oil extended gains above US$67 a barrel, a 5.7% jump from the previous session.

During the last hours'' trading session, almost all the sctoral indices are trading with positive sentiments.

Among the BSE Sectoral indices buying interest has emerged across Metal, Consumer Durable (CD) and Bankex stocks trading higher by 3.12%, 2.82% and 2.76% respectively.

Overall market breadth is positive as out of total 2,308 stocks traded in the BSE 1,674 advanced, 566 declined and 68 unchanged.

The BSE Sensex surged by 286.91 points at 15,674 while NSE Nifty soared by 79 points at 4,650.45.

Besides, the BSE Mid Cap is trading higher by 89.88 points at 5,596.28, while Small Cap is trading higher by 71.01 points at 6,275.03 respectively.

Gainers from the BSE Sensex Pack are ONGC up by (5.32%) to Rs. 1,158, along with Tata Motors by (4.83%) to Rs. 414.50, SBI by (4.18%) to Rs. 1,794.80, Sterlite Industries by (3.67%) at Rs. 649.70, Tata Steel by (2.78%) at Rs. 465.7 and Hindalco Ind by (2.77%) at Rs. 96.55.

Gainers from the NSE Nifty Pack are ONGC increased by (5.04%) at Rs. 1,156.5 along with Tata Motors by (4.77%) at Rs. 414.3, SBI by (4.25%) at Rs. 1,796, National Aluminium company by (4.16%) at Rs. 303.9, Sterlite Industries by (4.02%) at Rs. 652 and Idea Cellular by (3.42%) at Rs. 78.65.

BSE Metal is trading higher by (3.12%) or 381.02 points at 12,596.17. The top gainers are Gujarat NRE surged by (4.91%) at Rs. 57.70 along with Sesa Goa Limited by (4.12%) to Rs. 242.40, Sterlite Industries by (3.67%) at Rs. 649.70, Hindustan Zinc Limited by (3.11%) at Rs. 697 followed by Hindalco Industries by (2.77%) at Rs. 96.55.

BSE CD is trading higher by (2.82%) or 86.56 points at 3,156.64 The top gainers in the index are Blue Star surged by (5.12%) to Rs. 390 along with Rajesh Export by (1.95%) to Rs.41.9, Gitanjali GE by (1.67%) to Rs. 112.30, Videcon Ind by (1.27%) to Rs. 184.05 followed by Titan Industries by (0.55%) to Rs. 1,218.

Markets In A Straight Line Broken Up - July 30, 2009

The markets after a sharp recovery from the session lows have now turned choppy. The traders are worried to take any fresh positions ahead of settlement of July series F&O expiry. The buying activity is seen among the IT, Realty and Banking stocks. However, Capital Goods and Pharma stocks are trading lower. The broader market stocks are also on the buyer’s ride as both the BSE Mid Cap and BSE Small cap indices are now trading with a gain of more than 0.5%.

The overall market breadth is positive as 1520 stocks are advancing while 1060 stocks are declining in BSE.

TCS reported the top gainer from the BSE Sensex pack, as it is trading up by (5.74%) at Rs. 528.50 while Sun Pharma reported the top loser trading down by (3.89%) at Rs. 1,142.

The BSE Sensex is trading up by 115.95 points at 15,289.41 and the NSE Nifty is trading higher by 24.95 points at 4,538.45.

The BSE Mid Cap increased by 27.48 points to 5,504.57 and the BSE Small Cap grew by 47.26 points to 6,202.01.

The IT index is trading with gains of 95.66 points or 2.53% at 3,881.55. Gainers from this pack are Patni Computers trading up 14.10% at Rs. 322.25 along with Aptech by 6.63% at Rs. 179.30, TCS by 6.32% at Rs. 531.40, Mphasis by 5.63% at Rs. 464.95, Oracle Fin by 4.40% at Rs. 1462.85, Wipro by 3.06% at Rs. 481, Rolta India by 2.93% at Rs. 152.60 and HC Tech by 2.74% at Rs. 242.

The Realty index is trading up by 51.65 points or 1.32% at 3,963.42. Scrips that are trading with gains are HDIL trading up by 4.16% at Rs. 279 followed by Ansal Infra 3.91% at Rs. 63.85, Mahindra Life by 2.63% at Rs. 298.95, Orbitco by 2.15% at Rs. 185.70 and Omaxe by 2.10% at Rs. 109.45.

The most active shares on NSE are Unitech trading at Rs. 91.90 with a total traded quantity of 47075139 shares followed by Suzlon Energy trading at Rs. 99.40 with a total traded quantity of 37055838 shares.

State Bank of India (SBI) is trading up by 3.60% at Rs. 1716. The bank has reported rise of 42.03% in Net Profit to Rs. 23303.70 million for the quarter ending on June 30, 2009 against Rs 16407.90 lacs for the quarter ending on June 30, 2008.

Total Income increased by 29.86% to Rs. 210415.10 million for the quarter ending on June 30, 2009 against Rs 162030.70 million for the quarter ending on June 30, 2008.

GMR Infrastructure Limited is trading higher by 1.41% at Rs. 143.40. The company has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has accorded approval for sub-division of all its equity shares of Rs 2/- each into 2 equity shares of Re 1/- each (per share), subject to the approval of members of the Company at the forthcoming Annual General Meeting.

On the global markets front, the European markets are now trading mixed as the FTSE 100 and CAC index are trading up by (0.49%) and (0.81%) respectively. However, DAX index is trading lower by (0.11%).

Market Since Place To Corner Board Of The Increase - July 30, 2009

Market after a subdued opening, the key benchmark indices gusted northward tracking recovery in Asian stocks. Wholesale prices in India slide for the seventh consecutive week at -1.54% from a year earlier in the week to July 18. The index had fallen 1.17 per cent in the previous week. Volatility is expected to continue ahead of expiry of rolled over positions from July 2009 contract to August 2009 contracts in the Future & Options segment.

Rollover of Nifty contracts was about 60% by end of trading session yesterday. Rollover in Mini Nifty futures was about 43%.

On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Oil Exploration stocks slipped as crude futures tumbled around 6% overnight as US oil inventories unexpectedly rose, raising fresh concerns of weak demand.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,585 stocks traded so far, 1,447 shares advanced while 1,049 shares declined. Nearly 89 shares are unchanged.

The BSE Sensex is trading higher by 103.98 points at 15,277.44 whereas NSE Nifty is up by 21.60 points at 4,535.10.

The BSE Mid Cap is trading higher by 37.60 points at 5,514.70 and Small cap is trading up by 48.57 points at 6,203.33.

Major gainers from the BSE Sensex pack are TCS Limited surged 3.39% to Rs. 516.75 along with Hindustan Uniliver Limited 3.34% to Rs. 277.00, Housing Development Finance Co by 2.94% to Rs. 2,432.30, State Bank of India by 2.90% to Rs. 1,704.45, Wipro Limited by 2.00% to Rs. 476.05, Tata Steel Limited by 1.93% to Rs. 450.45, DLF Limited by 1.83% to Rs. 405.35, Reliance Infra by 1.62% to Rs. 1,183.00, NTPC by 1.50% to Rs. 217.00 and Tata Motors by 1.36% to Rs. 399.00 among others.

Major losers from the BSE Sensex Pack are Sun Pharmaceuticals Limited plunged 5.32% to Rs. 1,125.00, BHEL Limited by 1.49% to Rs. 2,205.00, ITC Limited by 1.29% to Rs. 234.20, Bhrati Airtel Limited by 1.25% to Rs. 418.00, Sterlite Industries Limited by 0.99% to Rs. 615.00, ACC Limited by 0.83% to Rs. 849.00, Reliance Communication Limited by 0.81% to Rs. 281.35, Hero Honda Motors Limited by 0.60% to Rs. 1,630.00 and Reliance Industries Limited by 0.48% to Rs. 1,917.00.

The BSE IT is higher by 81.88 points or 2.16% at 3,867.77. Stocks gained are Patni Computers Limited 14.39% to Rs. 333.10, Mphasis Limited 4.85% to Rs. 461.50, Oracle Fin 4.05% to Rs. 1,458.00, TCS Limited 3.39% to Rs. 516.75, Aptech Limited by 2.82% to Rs. 172.90, Rolta Ind Limited by 2.09% to Rs. 151.35 and Wipro Limited 2.00% to Rs. 476.05 among others.

Sun Pharmaceuticals Industries Limited slumped 5.32% to Rs. 1,125.00 after net profit declined sharply 56.7% to Rs 121.51 crore on a 39.5% decline in sales to Rs 405.88 crore in Q1 June 2009 as against Q1 June 2008

Shoppers'' Stop Limited gained 2.04% to Rs. 180.45, after it reported consolidated net profit of Rs. 1.01 crore in Q1 June 2009 as against net loss of Rs. 21.36 crore in Q1 June 2008.

Sesa Goa Limited weaken 3.03% to Rs. 231.85 after net profit declined significantly 36.9% to Rs. 406.94 crore on a 23.6% decline in sales to Rs. 941.27 crore in Q1 June 2009 as against Q1 June 2008.

Provogue India Limited spurted 4.99% to Rs. 51.50, after the company said its board will meet 14 August 2009 to consider buyback of its own shares.

Sobha Developers Limited slipped 1.21% to Rs. 216.35 after net profit declined phenomenally 74.9% to Rs 12.70 crore in Q1 June 2009 over Q1 June 2008.

Reliance Industries Limited waken 0.48% to Rs. 1,917.00 after Anil Ambani said he will approach the Supreme Court on Thursday, 30 July 2009, seeking a final hearing on the two-year-old gas supply dispute on 1 September 2009.

Market Trading With Dull Sentiments - July 30, 2009

Market after a subdued start, the key benchmark indices are oscillating between positive and negative territory on account of weak cues from other Asian markets. Further, the investors are seen cautious at higher level and continuously booking profits at every possible stage. On a stock specific move, McLeod Russel India is trading higher 4.5% backed by a news that company is is aggressively pursuing overseas acquisitions to achieve a 100 million kg production within next five years.

During the last hours’ dull session, buying interest has emerged across IT, TECk and FMCG counters while selling pressure seen across Capital Goods (CG), Metal and Consumer Durable (CD) counters.

Among BSE sectoral indices, IT and TECk surged by nearly 1.6% and 0.87% respectively while CG and Metal fell by 0.63% and 0.38% respectively.

Out of total 2,179 stocks traded in the BSE, 1,178 stocks advanced, 927 stocks declined while 74 remain unchanged.

The BSE Sensex up by 25.53 points at 15,198.99 while NSE Nifty surged by 2.75 points at 4,516.25.

Besides, the BSE Mid Cap and Small Cap are trading higher by 7.35 points and 38.19 points at 5,484.45 and 6,192.95 respectively.

Gainers from the BSE Sensex Pack are Hindustan Unilever Limited up by (2.44%) to Rs. 274.60, along with HDFC by (2.35%) to Rs. 2,418.5, TCS Limited by (2.35%) to Rs. 511.55, Wipro Limited by (1.99%) at Rs. 476, Infosys Technologies by (1.12%) at Rs. 2,006, and SBI by (0.82%) at Rs. 1,670.05.

Gainers from the NSE Nifty Pack are TCS Limited increased by (2.76%) at Rs. 513.6, along with BPCL by (2.69%) at Rs. 481.5, HDFC by (2.47%) at Rs. 2,426, Hindustan Unilever Limited by (2.40%) at Rs. 274.8, Ambuja Cement Limited by (2.27%) at Rs. 101.3 and Power Grid Corporation by (2.13%) at Rs. 119.9.

BSE IT is trading higher by (1.60%) or 60.75 points at 3,846.64. The top gainers are Patni Computers surged by (4.22%) at Rs. 303.5 along with Rolta India by (3.10%) at Rs. 152.85, TCS Limited by (2.64%) to Rs. 513, Wipro Limited by (2.23%) at Rs. 477.10 followed by Oracle Fin by (2.20%) at Rs. 1,432.

BSE Realty is trading lower by (0.63%) or 77.88 points at 12,362.28. The top losers in the index are Jyoti Structure declined by (2.79%) to Rs. 155 along with Usha Martin by (2.73%) to Rs. 49.95, Bharat Bijili by (2.05%) to 807.95, Siemens Limited by (1.45%) to Rs. 470, followed by ABB Limited by (1.21%) to Rs. 691.50.

Markets Off The Existence Near To The Ground - July 29, 2009

The markets though managed to gain some ground from the day’s low but are still trading lower. The traders are cautios to take any fresh positions and want to remain in the sidelines ahead of the F&O expiry on Thursday. The selling pressure continued across the sectorial indices. The broader market indices are also witnessing the selling heat today as both the BSE Mid Cap is now trading with a loss of more than 1% and BSE Small cap indices with a cut of more than 1.5%. The Realty, Consumer Durables, Metal and Capital Goods stocks are fronting the decline.

The overall market breadth is negative as 917 stocks are advancing while 1650 stocks are declining in BSE.

TCS reported the top gainer from the BSE Sensex pack, as it is trading up by (2.29%) at Rs. 490.75 while DLF reported the top loser trading down by (6.59%) at Rs. 398.

The BSE Sensex is trading down by 184.98 points at 15,146.98 and the NSE Nifty is trading marginally lower by 64.45 points at 4,499.65.

The BSE Mid Cap decreased by 69.38 points to 5,461.99 and the BSE Small Cap fell by 106.39 points to 6,139.42.

The Realty index is trading with deep cut of 198.74 points or 4.86% at 3,891.38. Losers from this pack are Omaxe Limited trading lower by 7.20% at Rs. 106.95 followed by HDIL by 6.67% at Rs. 269.15, Ansal Infra by 6.21% at Rs. 61.20, DLF by 6.18% at Rs. 399.75, Parsvnath by 6.11% at Rs. 114.50, Unitech by 5.27% at Rs. 90.70 and Anant Raj In by 4.01% at Rs. 125.80.

The Consumer Durables is trading lower by 99.09 points or 3.13% at 3,065.89. Scrips that are trading in negative are Titan Inds trading down by 4.43% at Rs. 1263 followed by Videocon Inds by 3.85% at Rs. 178.50, Blue Star by 2.11% at Rs. 353.20 and Rajesh Exports by 2.01% at Rs. 41.35.

The most active shares on NSE are Unitech trading at Rs. 90.65 with a total traded quantity of 86103471 shares followed by Suzlon Energy trading at Rs. 101.70 with a total traded quantity of 60596626 shares.

Punjab National Bank is trading up by 2.19% at Rs. 738.40. The bank has posted a net profit for the period of Rs 8320.50 million for the quarter ended June 30, 2009 as compared to Rs 5124.00 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 45946.20 million for the quarter ended June 30, 2008 to Rs 61775.80 million for the quarter ended June 30, 2009.

Aurobindo Pharma Limited is trading lower by 1% at Rs. 542. The company announced that it has received the tentative approval for Donepezi! Hydrochloride Tablets 5mg and 1Qmg (ANDA 90-056) from the US Food & Drug Administration (USFDA).

Donepezil Hydrochlorida Tablets 5mg and lOmg is the generic equivalent to Aricept® Tablets 5mg and 10mg of Eisai Medical Research Inc.

Donepezil Hydrochloride Tablets are indicated for the treatment of mild, moderate, and severe dementia of the Alzheimer's type and fall under the Central Nervous System (CNS) therapeutic segment.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.69%), (1.36%) and (1.40%) respectively.