Thursday, July 30, 2009

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%).

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