Share Market English

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

2009-07-31T18:13:00.001+05:30

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

2009-07-31T18:10:00.001+05:30

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

2009-07-31T18:06:00.001+05:30

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

2009-07-30T16:47:00.001+05:30

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

2009-07-30T16:43:00.001+05:30

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

2009-07-30T16:36:00.001+05:30

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

2009-07-29T16:44:00.001+05:30

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.

Market Relaxed After Asian Markets Extensive Their Losses - July 29, 2009

2009-07-29T16:39:00.001+05:30

Market after a lackluster opening on the bourses, where leading indices turned lower, the investors gave in to the urge to bank profits lingered by Realty, Metals and Power stocks that retreated most and continued slide in Asian stocks added to the nervousness among investors Heading expiry of June 2009 Futures and Options (F&O) contracts tomorrow, July 30, 2009 also lead to the chaos.

As per reports, rollovers of Nifty positions from July 2009 series to August 2009 serious stood at 42% as on July 28, 2009. Similarly, rollover in Mini Nifty was about 35%.

On the sectoral front, all 13 Indices plunged. Bank stocks plunged after the RBI in its quarterly monetary policy review raised inflation forecast which may result in reversal of the current soft interest rate regime.

Metal stocks declined after LMEX declined 1.23% overnight. Realty stocks came off its high after a recent rally.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,600 stocks traded so far, 790 shares advanced while 1,723 shares declined. Nearly 87 shares are unchanged.

The BSE Sensex is trading lower by 271.64 points at 15,060.30 whereas NSE Nifty is down by 94.35 points at 4,469.75.

The BSE Mid Cap is trading lower by 106.68 points at 5,424.68 and Small cap is trading down by 137.37 points at 6,108.44.

Major losers from the BSE Sensex Pack are DLF Limited plunged 7.06% to Rs. 396.00, Sterlite Industries Limited by 6.24% to Rs. 616.50, Tata Steel Limited by 6.00% to Rs. 440.80, Hindalco Industries Limited by 5.72% to Rs. 88.10, Reliance Infra Limited by 5.19% to Rs. 1,147.10, Tata Motors Limited by 4.27% to Rs. 396.50, Jaiprakash Associates Limited by 3.32% to Rs. 233.25, Reliance Communication Limited by 3.29% to Rs. 280.95, ACC Limited by 3.20% to Rs. 838.25, ITC Limited by 3.02% to Rs. 233.20 and Tata Power Limited by 2.58% to Rs. 1,232.90.

Major gainers from the BSE Sensex pack are TCS Limited surged 2.00% to Rs. 489.35 along with Mahindra & Mahindra Limited 0.51% to Rs. 827.00.

The BSE Realty is lower by 235.53 points or 5.76% at 3,854.59. Stocks weakens are Omaxe Limited 8.55% to Rs. 105.40, Housing Development 7.37% to Rs. 267.15, Parsvnath 7.30% to Rs. 113.05, DLF Limited 7.06% to Rs. 396.00, Unitech Limited by 6.68% to Rs. 89.35, Ansal Infrastructure Limited by 6.51% to Rs. 61.00 and Anant Raj Industries 4.85% to Rs. 124.70 among others.

Ashapura Minechem Limited plunged 4.89% at Rs. 42.80 as it is directed to pay damages of $24.16 million to London-based shipping firm IHX (UK).

Punjab National Bank Limited gained 2.55% to Rs. 741.00 after net profit increased significantly 62.38% to Rs 832.05 crore in Q1 June 2009 as against Q1 June 2008.

Gujarat Gas Company Limited spurted 14.12% to Rs. 368.60 after the Company’s board declared a liberal 1:1 bonus issue at the time of announcing Q2 June 2009 results.

Great Offshore Limited advanced 4.56% to Rs. 457.00 after 16.65 lakh shares, or 4.48% equity, changed hands in two block deals on the BSE and the NSE.

Religare Enterprises Limited declined 0.04% to Rs. 390.00 after reporting a net profit of Rs 3.17 crore in Q1 June 2009 as against a net loss of Rs 8.42 crore in Q1 June 2008.

Mcleod Russel India Limited gained 0.58% to Rs. 139.30 after net profit increased significantly 340.4% to Rs 31.18 crore in Q1 June 2009 over Q1 June 2008.

Market Set Off On All Sides Of Explosive - July 29, 2009

2009-07-29T16:34:00.001+05:30

Market after a subdued start, the benchmark indices are trading with volatility amid mixed cues from global markets. Due to lack of any specific news in the domestic arena, investors are likely to remain bearish ahead of the derivative contracts expiry for the July series. On a stock specific move, Maytas Infra is trading higher by 3.5% after Cash-strapped inked an agreement with a Singapore-based consultancy firm to raise Rs 240 crore and thereby, retain the metro rail project.

During the last hours'' trading session, buying interest has emerged across Oil & Gas, Auto and Tech stocks while selling interest seen across Realty, Metal and Consumer Durable (CD) counters.

Among the BSE Sectoral indices buying interest has emerged across Oil & Gas and Auto stocks trading higher by 0.71% and 0.66% respectively, while Realty and Metal down by 1.88% and 0.81% respectively.

Overall the market breadth is positive as 1,288 stocks are trading in green while 890 stocks are in red.

The BSE Sensex down by 37.29 points at 15,294.65 while NSE Nifty declined by 14.65 points at 4,549.45. Besides, the BSE Mid Cap is trading lower by 2.48 points at 5,528.88, while Small Cap is trading higher by 17.02 points at 6,262.84 respectively.

Losers from the BSE Sensex Pack are DLF Limited down by (3.91%) to Rs. 409.45, along with Tata Motors by (3.83%) to Rs. 398.35, Sterlite Industries by (2.21%) to Rs. 643, Reliance Infra by (1.81%) at Rs. 1,188, BHEL by (1.57%) at Rs.2,226.95 and Tata Steel by (1.56%) at Rs. 461.65.

Losers from the NSE Nifty Pack are DLF Limited decreased by (4.27%) at Rs. 407.7 along with Tata Motors by (4.07%) at Rs. 397.5, Axis Bank by (3.06%) at Rs. 927.35, Unitech Limited by (2.93%) at Rs. 92.9, Sterlite Industries by (2.61%) at Rs. 640 and Cairn India by (2.31%) at Rs. 234.5.

BSE Realty is trading lower by (1.88%) or 76.90 points at 4,013.22. The top losers are Housing Dev declined by (4.61%) at Rs. 275.1 along with DLF Limited by (3.91%) to Rs. 409.45, Parsvnath by (3.28%) at Rs. 117.95, Omaxe Limited by (3.17%) at Rs. 111.60 followed by Unitech by (2.87%) at Rs. 93.

BSE Oil & Gas is trading higher by (0.71%) or 65.17 points at 9,288.43 The top gainers in the index are Aban Offshore surged by (2.87%) to Rs. 993.20 along with RNRL by (2.54%) to Rs. 84.80, Essar Oil by (2.36%) to Rs. 145, Indian Oil by (1.76%) to Rs. 535.5 followed by ONGC by (1.68%) to Rs. 1,120.85.

Markets Are Trading Around The Unchanged Mark - July 28, 2009

2009-07-28T16:53:00.001+05:30

The markets though managed to gain some ground from the day’s low but once again gave up their gains and are trading around the unchanged mark. The traders are cautios to take any fresh positions and want to remain in the sidelines ahead of the F&O expiry on Thursday. However, the broader market indices are attracting significant attention today as both the BSE Mid Cap is now trading with a gain of around 1% and BSE Small cap indices with a gain of more than 1.5%.

The Realty, Auto, Power and Metal stocks are witnessing significant buying interest today. While selling pressure continued among the Banking, Oil & Gas and IT stocks.

The overall market breadth is positive as 1680 stocks are advancing while 910 stocks are declining in BSE.

Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading up by (12.21%) at Rs. 420.75 while HUL reported the top loser trading down by (3.65%) at Rs. 287.85.

The BSE Sensex is trading up by 19.38 points at 15,394.27 and the NSE Nifty is trading marginally higher by 5.05 points at 4,577.35.

The BSE Mid Cap increased by 68.38 points to 5,537.88 and the BSE Small Cap grew by 115.22 points to 6,257.96.

The Realty index is trading with gains of 154.53 points or 3.95% at 4,063.24. Gainers from this pack are Mahindra Life trading up by 7.51% at Rs. 299.25 along with Unitech by 6.70% at Rs. 93.90, Phoenix Mill by 5.21% at Rs. 120.10, HDIL by 5.08% at Rs. 289.40, Sobha Developers by 3.98% at Rs. 217.90, Anant Raj In by 3.95% at Rs. 130.20 and DLF by 3.65% at Rs. 427.15.

The Bankex index is trading with losses of 122.50 points or 1.47% at 8,206.83. Losers from this pack are Bank of India trading lower by 2.51% at Rs. 324.45 followed by ICICI bank by 2.20% at Rs. 740.95, Kotak bank by 1.74% at Rs. 657.25, Oriental bank by 1.52% at Rs. 165.70, HDFC bank by 1.42% at Rs. 1414.20, Karnataka bank by 1.41% at Rs. 140 and State Bank of India by 1.29% at Rs. 1687.50.

The most active shares on NSE are Unitech trading at Rs. 95.30 with a total traded quantity of 90504798 shares followed by Ispat Inds trading at Rs. 23.10 with a total traded quantity of 36851769 shares.

Rashtriya Chemicals & Fertilizers Limited (RCF) is trading up by 6.25% at Rs. 69.70.The company has posted a net profit of Rs 315.50 million for the quarter ended June 30, 2009 as compared to Rs 190.60 million for the quarter ended June 30, 2008.

Total Income has decreased from Rs 15735.80 million for the quarter ended June 30, 2008 to Rs 8545.60 million for the quarter ended June 30, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.18%), (0.28%) and (0.30%) respectively.

Market Revolve By The Side Of The Base Line - July 28, 2009

2009-07-28T16:48:00.001+05:30

Market after jittery opening, the key benchmark indices traded in a narrow range with negative bias. Some relief came from RBI, when it kept key policy rates unchanged at its quarterly monetary policy review announced today. The central bank said it will actively control liquidity to avoid government borrowing crowding out private credit demand.

Meanwhile, the government has allowed some relief to housing projects with a tax holiday under section 80 IB (10) of the Income Tax Act on profits from projects approved between 1 April 2007 and 31 March 2008.

The benefit comes with a condition that the projects are completed on or before 31 March 2012. The government has also extended tax holiday to developers of industrial parks by two years until March 2011.

The RBI, in its monetary policy, has kept the key rates unchanged and increased the inflation forecast to 5% by end March 2010 as against earlier 4%.

The Repo Rate, at which the central bank lends cash to banks, stays at 4.75%, which is its lowest in 9 years, and the Reverse Repo rate, at which it absorbs surplus cash from the banking system, stays at 3.25%. The statutory liquidity ratio (SLR) was also kept unchanged at 24%.

On the sectoral front, out of 13 Indices, 9 indices advanced whereas 4 indices declined. Banking stocks plunged after RBI revised its wholesales price inflation forecast to 5% by end March 2010 as against 4% projected earlier.

Auto stocks were mixed. IT stocks weaken on profit booking. Realty stocks toped the indices on fresh government announcement of tax benefits.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,583 stocks traded so far, 1,602 shares advanced while 898 shares declined. Nearly 83 shares are unchanged.

The BSE Sensex is trading higher by 10.44 points at 15,385.49 whereas NSE Nifty is down by 1.44 points at 4,570.85.

The BSE Mid Cap is trading higher by 66.72 points at 5,536.22 and Small cap is trading up by 113.26 points at 6,256.00.

Major gainers from the BSE Sensex pack are Tata Motors Limited surged 8.17% to Rs. 405.60 along with DLF Limited 3.49% to Rs. 426.50, Reliance Communication Limited 3.07% to Rs. 290.75, Bharti Airtel Limited improved 2.14% to Rs. 432.50, Mahindra & Mahindra Limited improved 2.13% to Rs. 833.50, Tata Power Limited gained 1.78% to Rs. 1,259.10, NTPC Limited by 1.49% to Rs. 217.65, Reliance Infra gained 1.42% to Rs. 1,181.00, Sun Pharmaceuticals Limited by 1.23% to Rs. 1,260.00 and ACC Limited by 1.16% to Rs. 858.00 among others.

Major losers from the BSE Sensex Pack are ICICI Bank Limited plunged 2.96% to Rs. 735.15, Infosys technologies Limited by 1.99% to Rs. 1985.00, State Bank of India Limited by 1.49% to Rs. 1,684.00, Reliance Industries Limited by 1.46% to Rs. 1,910.20, HDFC Bank Limited by 1.37% to Rs. 1,415.00, Matuti Suzuki by 0.83% to Rs. 1358.60 and Tata Steel Limited by 0.62% to Rs. 454.50.

The BSE Realty is higher by 160.73 points or 4.11% at 4,069.44. Stocks gained are Mahindra LifeScience Limited 7.78% to Rs. 300.00, Unitech Limited 5.80% to Rs. 93.10, Housing Development 4.72% to Rs. 288.40, Phoenix Mills Limited 4.07% to Rs. 118.80, Anant Raj Industries Limited by 3.79% to Rs. 130.00, DLF Limited by 3.49% to Rs. 426.50 and Ansal Infrastructure 3.05% to Rs. 65.90 among others.

Rashtriya Chemicals & Fertilizers Limited spurted 7.77% to Rs. 70.70 after net profit increased phenomenally 65.5% to Rs. 31.55 crore in Q1 June 2009 as against Q1 June 2008.

Tata Motors Limited jumped 8.17% to Rs. 405.60 after net profit increased significantly 57.5% to Rs 513.76 crore whereas 7.8% decline in sales to Rs. 6,350.20 crore in Q1 June 2009 as against Q1 June 2008.

Escorts Limited zoomed 4.44% to Rs. 70.50 after net profit increased in triple digit 138.7% to Rs 22.22 crore in Q3 June 2009 over Q3 June 2008.

NTPC Limited gained 1.49% to Rs. 217.65 after net profit increased extensively 27.1% to Rs. 2,193.62 crore on a 25.8% increase in sales to Rs. 12,002.68 crore in Q1 June 2009 as against Q1 June 2008.

Market Plunge Interested In Red - July 28, 2009

2009-07-28T16:45:00.001+05:30

Market after a positive start, the key benchmark indices are trading on a cautious note with negative bias backed by mixed cues from other Asian markets. The front line stocks are witnessing an extreme pressure on higher level amid central bank''s quarterly review of monetary policy. On a stock specific move, Tata Motors is trading higher by 5% an unexpected surge in first-quarter net profit.

During the last hours'' trading session, selling pressure has emerged across Banking, IT and Oil & Gas stocks while buying pressure has seen across Realty, Power and PSU counters.

Among the BSE sectoral indices Bankex, IT and Oil & Gas stocks dipped by 1.29%, 0.96% and 0.76% respectively, while the Realty and Power indices surged by 4.59% and 0.65% respectively.

Overall the market breadth is positive as 1,299 stocks are trading in green while 776 stocks are in red.

The BSE Sensex down by 63.77 points at 15,311.27 while NSE Nifty declined by 13.69 points at 4,558.6.

Besides, the BSE Mid Cap and Small Cap are trading higher by 44.92 points and 84.71 points at 5,514.42 and 6,227.45 respectively.

Losers from the BSE Sensex Pack are ICICI Bank Limited down by (2.12%) to Rs. 741.55, along with Reliance Industries by (1.98%) to Rs. 1,900.25, HDFC Bank by (1.89%) to Rs. 1,407.50, Infosys Tech by (1.74%) to Rs. 1,990, SBI by (1.47%) at Rs. 1,684.50, and Hindalco Industries by (1.18%) at Rs.92.

Losers from the NSE Nifty Pack are Gail India decreased by (3.28%) at Rs. 327.75 along with TCS Limited by (3.28%) at Rs. 484.15, Mahindra and Mahindra by (2.13%) at Rs. 780.9, Sterlite Industries Limited by (1.62%) at Rs. 600, ONGC by (1.60%) at Rs. 1,043.7 and SBI by (1.50%) at Rs. 1,697.15.

BSE Bankex is trading lower by (1.29%) or 107.54 points at 8,221.79. The top losers are ICICI Bank Limited declined by (2.12%) at Rs. 741.55 along with HDFC Bank by (1.89%) to Rs. 1,407.50, Axis Bank by (1.79%) at Rs. 921.8, Bank of India by (1.79%) at Rs. 326.85 followed by SBI by (1.44%) at Rs. 1,684.90.

BSE Realty is trading up by (4.59%) or 179.22 points at 4,087.93. The top gainers in the index are Unitech Limited inclined by (5.40%) to Rs. 92.75 along with Mahindra Life by (4.80%) to Rs. 291.70, DLF Limited by (4.59%) to 431, Housing Dev by (4.39%) to Rs. 287.50 followed by Ansal Infras by (4.38%) to Rs. 66.75.

Markets Are Still Trading Lower - July 27, 2009

2009-07-27T15:33:00.002+05:30

The markets are still trading lower and are struggling to return to the positive territory as significant selling witnessed among the frontline indices. However, the broader market indices are attracting significant attention today as both the BSE Mid Cap and Small cap indices are now trading with a gain of more than 1% each.

The FMCG, Realty, Power and Metal stocks are witnessing significant buying interest today. While selling pressure continued among the Oil & Gas, Auto and Banking stocks.

The overall market breadth is positive as 1564 stocks are advancing while 1008 stocks are declining in BSE.

HUL reported the top gainer from the BSE Sensex pack, as it is trading up by (7.80%) at Rs. 304.10 while Reliance Industries reported the top loser trading down by (4.46%) at Rs. 1,923.90.

The BSE Sensex is trading down by 22.47 points at 15,356.49 and the NSE Nifty is trading lower by 3.90 points at 4,564.65.

The BSE Mid Cap increased by 73.42 points to 5,455.23 and the BSE Small Cap grew by 72.71 points to 6,122.91.

The FMCG index is trading with gains of 102.75 points or 3.98% at 2,682.40. Gainers from this pack are Ruchi Soya trading up by 8.86% at Rs. 49.15 along with Godrej Cons by 8% at Rs. 224.05, HUL by 7.05% at Rs. 302, ITC by 4.08% at Rs. 241.05, Colgate Palmolive by 3.64% at Rs. 674 and Nestle by 3.50% at Rs. 2165.20.

The Oil and Gas index is trading with deep cut of more than 312.19 points or 3.25% at 9,283.06. Losers from this pack are RPL trading lower by 4.06% at Rs. 120.50 followed by Reliance Inds by 4% at Rs. 1933.50, Gail India by 3.61% at Rs. 339.50, Aban Offshore by 1.13% at Rs. 984 and HPCL by 1.05% at Rs. 324.

The most active shares on NSE are Suzlon Energy trading at Rs. 105.75 with a total traded quantity of 43363344 shares followed by Unitech trading at Rs. 87.90 with a total traded quantity of 38349155 shares.

Bank of India is trading lower by 4.39% at Rs. 332.50. The bank has posted a net profit of Rs 5843.20 million for the quarter ended June 30, 2009 as compared to Rs 5619.50 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 41147.40 million for the quarter ended June 30, 2008 to Rs 50236.10 million for the quarter ended June 30, 2009.

HCL Technologies Limited (HCL), is trading up by 2.35% at Rs. 239.90. The company a leading global IT services provider, today announced its strategic alliance with eBaoTech Corporation, a leading provider of new generation software and services for life and general insurance industry.

The partnership reiterates HCL''''s commitment to provide Business Aligned IT, thereby providing its customers the most optimal platform aligned to their business goals.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.01%), (0.65%) and (0.62%) respectively.

Market Traded Volatile On Slow-Moving Sentiment - July 27, 2009

2009-07-27T15:15:00.001+05:30

Market after subdued opening, weighed by fall in RIL, the key benchmark indices traded volatile despite firm Asian stocks which supported domestic bourses in the mid morning trade. Also, buying in Realty and Metal stocks supported the barometer to edge higher.

Meanwhile, traders are skeptical about rollover positions from July 2009 contacts to August 2009 futures and options (F&O) contract ahead on Thursday, 30 July 2009.

On the sectoral front, out of 13 Indices, 7 indices advanced whereas 6 indices declined. Realty stocks advanced on expectation of flow of new contracts as government indicated robust thrust on the housing sector in the Union Budget 2009-10.

Metal stocks extended gains on firm gains on LMEX overnight. Auto stocks declined after a recent strong rally in last trading sessions.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,593 stocks traded so far, 1,483 shares advanced while 1,010 shares declined. Nearly 100 shares are unchanged.

The BSE Sensex is trading lower by 53.30 points at 15,325.65 whereas NSE Nifty is down by 14.15 points at 4,554.40.

The BSE Mid Cap is trading higher by 51.23 points at 5,433.05 and Small cap is trading up by 56.49 points at 6,106.69.

Major gainers from the BSE Sensex pack are Tata Power Limited surged 4.54% to Rs. 1,226.00 along with Hindustan Uniliver Limited 4.36% to Rs. 294.40, DLF Limited 4.23% to Rs. 410.30, Tata Steel Limited improved 1.84% to Rs. 448.00, Bharti Airtel Limited improved 1.28% to Rs. 420.80, Grasim Industries Limited gained 1.23% to Rs. 2,875.00, NTPC Limited gained 1.07% to Rs. 213.10, Reliance Communication Limited by 0.89% to Rs. 278.75, BHEL Limited by 0.58% to Rs. 2,216.00 and Sterlite Industries Limited by 0.41% to Rs. 655.60 among others.

Major losers from the BSE Sensex Pack are Reliance Industries Limited plunged 4.89% to Rs. 1,915.30, ONGC by 4.46% to Rs. 1,076.00, Hero Honda Motors Limited by 3.55% to Rs. 1,674.00, Tata Motors by 2.18% to Rs. 365.35, Housing Development Finance Co Limited by 1.83% to Rs. 2367.90, HDFC Bank by 1.40% to Rs. 1,431.40 and MAruti Suzuki Limited by 1.39% to Rs. 1,358.70.

The BSE Oil&Gas is lower by 381.20 points or 3.97% at 9,214.05. Stocks declined are Reliance Industries Limited 4.89% to Rs. 1,915.30, ONGC Limited 4.46% to Rs. 1,076.00, Reliance Petroleum Limited 4.46% to Rs. 120.00, Gail India Limited 2.21% to Rs. 344.40, Aban offshore Limited by 1.98% to Rs. 975.50, IOCL Limited by 0.97% to Rs. 514.80 and BPCL 0.97% to Rs. 447.50 among others.

Castrol India Limited zoomed 7.65% to Rs. 435.00 after net profit increased phenomenally 55% to Rs. 128.40 crore on a 2.56% rise in total income to Rs. 646.80 crore in Q2 June 2009 as against Q2 June 2008.

Godrej Consumer Products Limited spurted 5.28% to Rs. 218.40 after net profit increased significantly 75.9% to Rs 60.29 crore in Q1 June 2009 as against Q1 June 2008.

Asian Paints Limited galloped 3.30% to Rs. 1,351.00 after net profit increased significantly 67.8% to Rs 164.45 crore on a 17% rise in sales to Rs 1164.82 crore in Q1 June 2009 as against Q1 June 2008.

Phillips Carbon Black Limited surged 5% to Rs. 87.35 after the company posted a net profit in Q1 June 2009 after it had incurred losses at the net level in the past two quarters.

Jaiprakash Associates Limited gained 0.14% to Rs. 241.85 after net profit surged 292.3% to Rs. 491.18 crore on a 78.3% increase in sales to Rs 2067.08 crore in Q1 June 2009 as against Q1 June 2008.

Andhra Bank Limited spurted 2.02% to Rs. 90.80 after net profit increased in triple digit 230.10% to Rs. 256.22 crore in Q1 June 2009 as against Q1 June 2008.

Market Straight Choppy Reliance Dip By 4 Per Cent - July 27, 2009

2009-07-27T15:05:00.004+05:30

Market after a shaky start, the benchmark indices witnessed a cautious trend with positive bias amid announcement of corporate results. Further, the profit booking pressure has crept in across the broader level due to lack of encouraging news in the domestic arena. On a stock specific move, Reliance Industries dipped by over 4%, after it reported an 11.5% fall in quarterly net profit, a sharper drop than the market had been expecting.

During the last hours'' trading session, buying interest has emerged across Realty, Consumer Durable (CD) and FMCG sectors, while selling pressure has seen across Oil & Gas and Auto counters.

Among the BSE sectoral indices, Realty and CD stocks surged by 3.55%, and 2.32% respectively, while BSE Oil & Gas and Auto dipped by 2.49% and 0.42% respectively.

Overall the market breadth is positive as 1,476 stocks are trading in green while 711 stocks are in red.

The BSE Sensex is up by 56.49 points at 15,435 while NSE Nifty inclined by 18.44 points at 4,587.

Besides, the BSE Mid Cap and Small Cap are also trading higher by 67.39 points and 83.02 points at 5,449.21 and 6,133.23 respectively.

Gainers from the BSE Pack are DLF Limited up by (4.41%) at Rs. 411 along with Hindustan Unilever by (3.54%) at Rs. 292.10, Tata Power Limited by (2.75%) at Rs. 1,205, Reliance Communication by (2.35%) at Rs. 282.80, Bharti Airtel by (2.27%) at Rs. 424.95 and Tata Steel by (2.18%) at Rs. 449.50.

Gainers from the NSE Sensex Pack are HCL Tech Limited surged by (4.82%) to Rs. 245.8, along with DLF Limited by (4.63%) to Rs. 412, Hindustan Unilever by (3.71%) at Rs. 293.15, Axis Bank by (3.14%) at Rs. 922, Tata Power by (2.71%) at Rs. 1,204 and Suzlon Energy Limited by (2.32%) at Rs. 105.75.

BSE Realty is trading higher by (3.55%) or 134.59 points at 3,925.24. The major gainers are Sobha Dev surged by (6.96%) at Rs. 215.90 along with Omaxe Limited by (5.91%) at Rs. 106.60, Parsvnath by (4.56%) at Rs. 117, Indiabull Real by (4.43%) at Rs. 243 followed by DLF Limited by (4.41%) at Rs. 411.

BSE CD is trading higher by (2.32%) or 72.68 points at 3,211.71. The top gainers in the index are Gitanjali GE surged by (4.48%) to Rs. 103.75 along with Titan Industries by (3.59%) to Rs. 1,361.05, Rajesh Exports by (2.80%) to Rs. 42.15 followed by Blue Star by (1.66%) at Rs. 367.20.

Markets Decomposed The Maintenance Low - July 24, 2009

2009-07-24T15:42:00.002+05:30

The markets managed to gained further grounds from the day’s low and are now trading in positive territory as buying emerged across the board barring the Banking index. The Auto and Realty index today outperformed the benchmark indices as they are now trading with a gain of more than 4% and 3.5% respectively.

Further, the Metal, Consumer Durables and IT stocks are also witnessing strong buying interest. The broader market indices are also attracting significant attention today as both the BSE Mid Cap and Small cap indices are now trading with an gain of more than 1.5% each.

The BSE Sensex is now trading above the 15,400 mark and the NSE Nifty above the 4,550 mark.

The overall market breadth is positive as 1727 stocks are advancing while 882 stocks are declining in BSE.

Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading up by (9.44%) at Rs. 372.55 while HDFC reported the top loser trading down by (1.64%) at Rs. 2,412.25.

The BSE Sensex is trading up by 162.94 points at 15,393.98 and the NSE Nifty is trading higher by 48.10 points at 4,571.85.

The BSE Mid Cap increased by 95.47 points to 5,388.84 and the BSE Small Cap grew by 101.48 points to 6,044.33.

The Auto index is trading with gains of 264.66 points or 5.02% at 5,538.89. Leading from the gainers pack are Bharat Forge trading up by 11.46% at Rs. 177.55 along with Tata Motors by 9.36% at Rs. 372.25, MRF by 6.74% at Rs. 3750, Exide Inds by 6.64% at Rs. 80.25, Maruti Suzuki by 6.13% at Rs. 1375 and Escorts Limited by 4.25% at Rs. 65.

The Realty index is trading higher by 139.60 points or 3.84% at 3,775.29. Gainers from this pack are Ansal Infra trading up by 10.03% at Rs. 62 followed by Parsvnath by 9.06% at Rs. 113.15, Phoenix Mill by 7.25% at Rs. 107.30 and Omaxe by 5.62% at Rs. 100.60.

The most active shares on NSE are Suzlon Energy trading at Rs. 102 with a total traded quantity of 75003228 shares followed by Satyam Computers trading at Rs. 105.10 with a total traded quantity of 73663434 shares.

Bharat Forge Limited is trading up by 11.83% at Rs. 178.15 despite the company has posted a net profit of Rs 9.60 million for the quarter ended June 30, 2009 as compared to Rs 265.60 million for the quarter ended June 30, 2008.

Total Income has decreased from Rs 6494.50 million for the quarter ended June 30, 2008 to Rs 3638.20 million for the quarter ended June 30, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.56%), (0.72%) and (0.49%) respectively.

Market Operate Stressed Out On Weak Sentiment - July 24, 2009

2009-07-24T15:30:00.002+05:30

Market after witnessing wild swing in opening trade, which was short lived, the key benchmark indices is now hovering around the base line after gyrating in positive and negative terrain. Meanwhile, as per the provisional figures on the NSE, Foreign Institutional Investors (FIIs) bought shares worth Rs. 511.94 crore yesterday while domestic institutional investors sold shares worth Rs 34.16 crore.

This was augmented by latest economic data indicated improving economic activity. Assimilation of six infrastructure industries, that accounts for 26.7% of India''s industrial output, namely Cement, Coal, Crude Oil, Refining, Electricity and Steel together improved at an annual rate of 6.5% in June 2009 faster compared to 2.8% in previous month.

On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Auto stocks remained strong on better-than-expected first quarter results from auto major Maruti Suzuki India yesterday.

Metal stocks gains as LMEX, a gauge of six metals traded on the London Metal Exchange rose 1.29% overnight. Bank stocks weaken ahead of quarterly monetary policy review meet on Tuesday, 28 July 2009.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,582 stocks traded so far, 1,524 shares advanced while 971 shares declined. Nearly 87 shares are unchanged.

The BSE Sensex is trading higher by 73.70 points at 15,304.74 whereas NSE Nifty is up by 23.25 points at 4,547.

The BSE Mid Cap is trading higher by 73.64 points at 5,367.01 and Small cap is trading up by 78.42 points at 6,021.28.

Major gainers from the BSE Sensex pack are Tata Motors Limited surged 6.79% to Rs. 363.50 along with Maruti Suzuki India Limited 3.66% to Rs. 1343.00, Tata Steel Limited 3.45% to Rs. 429.05, Sterlite Industries Limited improved 3.11% to Rs. 652.35, DLF Limited improved 2.80% to Rs. 380.00, Hindalco Industries Limited gained 2.76% to Rs. 93.20, Jaiprakash Associates Limited gained 1.96% to Rs. 234.15, Infosys Technologies Limited by 1.70% to Rs. 1993.10, BHEL by 1.55% to Rs. 2201.10, Hero Honda Motors by 1.34% to Rs. 1688.00, Mahindra & Mahindra Limited by 1.23% to Rs. 811.75 and TCS Limited by 0.88% to Rs. 480.00 among others.

Major losers from the BSE Sensex Pack are Bharti Airtel Limited weaken by plunged 48.05% to Rs. 422.85, Housing Development Finance Co by 2.75% to Rs. 2385.00, Reliance Industries Limited by 1.80% to Rs. 2001.50, State Bank of India by 1.22% to Rs. 1704.80, HDFC Bank Limited by 0.95% to Rs. 1441.90, Reliance Infrastructure by 0.80% to Rs. 1157.30 and ACC Limited by 0.78% to Rs. 848.00.

The BSE Auto is higher by 143.53 points or 2.72% at 5,417.76. Stocks trading in green are Tata Motors Limited spurted 6.79% to Rs. 363.50, Bharat Forge Limited 6.72% to Rs. 170.00, Amtek Auto Limited 6.42% to Rs. 123.55, MRF Limited 4.29% to Rs. 3663.95, Exide Industries Limited by 4.05% to Rs. 78.30, Maruti Suzuki India Limited by 3.66% to Rs. 1,343.00 and Escorts Limited 3.21% to Rs. 64.35 among others.

Alstom Projects India Limited advanced 0.97% to Rs. 524.60 after net profit increased phenomenally 100.60% to Rs. 38.75 crore in Q1 June 2009 compared to Q1 June 2008.

Essel Propack Limited spurted 4.94% to Rs. 27.60 after the company posted net profit of Rs 5.24 crore in Q2 June 2009 as against net loss of Rs 9.75 crore in Q2 June 2008, on a consolidated basis.

Maruti Suzuki India Limited spurted 3.66% to Rs. 1343.00 after reporting higher-than-expected net profit in Q1 June 2009.

Gujarat State Petronet Limited zoomed 4.83% to Rs. 66.15 after net profit increased phenomenally 146.6% to Rs. 80.49 crore on a 76.4% rise in sales to Rs. 210.82 crore in Q1 June 2009 over Q1 June 2008.

Bharat Forge Limited shoot up 6.72% to Rs. 170.00 after the company expressed positive outlook for the future at the time of announcing Q1 June 2009 results

Idea Cellular surged 3.53% to Rs. 80.55 after net profit grew 14.7% to Rs. 309.21 crore on a 29.7% increase in sales to Rs. 2817.94 crore in Q1 June 2009 over Q1 June 2008.

Ambuja Cements Limited plunged 2.06% to Rs. 94.95 after net profit sunk 43.74% to Rs 324.65 crore in Q2 June 2009 over Q2 June 2008.

Market In A Straight Line Broken Down Positive - July 24, 2009

2009-07-24T15:21:00.001+05:30

After starting off with a positive bias due to firm Asian Markets, the key benchmark indices have erased early gains and have slipped sharply from day''s high. The blue chip stocks are facing extreme resistance at higher level. On a stock specific move, Idea cellular is trading higher by 5% after it posted better than expected 13% growth in consolidated net profit at Rs 297 crore in the June quarter on the back of robust subscriber addition.

During the last hours'' trading session, buying interest has emerged across Auto, Consumer Duarble (CD) and Realty stocks while selling pressure has seen across FMCG and Banking counters.

Among the BSE sectoral indices Auto, Consumer Duarble (CD) and Realty stocks surged by 2.42%, 2.02% and 1.93% respectively, while the FMCG and Bankex indices dipped by 0.89% and 0.45% respectively.

Out of the total 2,266 stocks traded at BSE, 1,465 Advanced, 724 declined while 77 remained unchanged.

The BSE Sensex up by 18.35 points at 15,249.4 while NSE Nifty surged by 8.9 points at 4,532.65.

Besides, the BSE Mid Cap and Small Cap are trading higher by 61.93 points and 65.53 points at 5,355.3 and 6,008.39 respectively.

Gainers from the BSE Sensex Pack are Maruti suzuki up by (4.18%) to Rs. 1,349.75, along with Tata Motors by (3.64%) to Rs. 352.80, DLF Limited by (3.21%) to Rs. 381.50, Tata Steel by (2.71%) at Rs. 426, Sterlite Industries by (2.37%) at Rs. 647.70, and BHEL Limited by (2.10%) at Rs. 2,213.

Gainers from the NSE Nifty Pack are Suzlon Energy increased by (4.25%) at Rs. 100.5, along with Maruti Suzuki by (3.97%) at Rs. 1,347.25, Idea Cellular by (3.78%) at Rs. 80.95, DLF Limited by (3.68%) at Rs. 383.55, ABB Limited by (3.65%) at Rs. 743.8 and Tata Motors by (3.36%) at Rs. 351.8.

BSE Auto is trading higher by (2.42%) or 127.83 points at 5,402.06. The top gainers are Bharat Forge surged by (8.60%) at Rs. 173 along with Amtek auto by (7.67%) at Rs. 125, MRF Limited by (5.32%) to Rs. 3,700, Maruti suzuki by (4.21%) at Rs. 1,350 followed by Tata Motors by (3.45%) at Rs. 352.15.

BSE Realty is trading higher by (2.02%) or 73.58 points at 3,709.27. The top gainers in the index are Phoenix Mill surged by (5.95%) to Rs. 106 along with Orbit Co by (4.98%) to Rs. 173.95, Parsvnath by (3.90%) to 107.80, DLF Limited by (3.21%) to Rs. 381.50, followed by Ansal Infra by (2.66%) to Rs. 57.85.

Markets Be Present Trading At Night High - July 23, 2009

2009-07-23T15:32:00.002+05:30

The markets gained further grounds and are now trading at day’s high as strong buying emerged across the board. The Metal and Consumer Durables index today outperformed the benchmark indices as they are now trading with a gain of more than 4% each. Further, the Realty, FMCG and Auto stocks are also witnessing strong buying interest.

The BSE Sensex is now trading above the 15,200 mark and the NSE Nifty above the 4,500 mark.

The overall market breadth is positive as 1630 stocks are advancing while 897 stocks are declining in BSE.

Reliance Infra reported the top gainer from the BSE Sensex pack, as it is trading up by (5.84%) at Rs. 1,155 while Bharti Airtel reported the top loser trading down by (2.53%) at Rs. 802.

The BSE Sensex is trading up by 369.29 points at 15,212.41 and the NSE Nifty is trading higher by 115.70 points at 4,514.60.

The BSE Mid Cap increased by 111.62 points to 5,286.36 and the BSE Small Cap grew by 115.30 points to 5,932.66.

The Consumer Durables index is trading with strong gains of 125.15 points or 4.26% at 3,060.09. Gainers from this pack are Blue Star trading up by 7.74% at Rs. 352 along with Titan Inds by 3.87% at Rs. 1,305, Videocon Ind by 2.25% at Rs. 173, Gitanjali GE by 2.04% at Rs. 100, Rajesh Exports by 2.03% at Rs. 40.20.

The Metal index is trading up by 486.21 points or 4.29% at 11,831.82. Leading from the gainers pack are Hindalco Ind trading up by 6.78% at Rs. 91.30 followed by Ispat Inds by 6.05% at Rs. 21.90, Sterlite Inds by 5.56% at Rs. 634.75, Hind Zinc by 5.05% at Rs. 685, SAIL by 4.69% at Rs. 174.10, Jindal Steel by 4.35% at Rs. 2907.90, Welspun Guj SR by 4.25% at Rs. 208.45 and Tata Steel by 3.92% at Rs. 413.90.

The most active shares on NSE are Satyam Comp trading at Rs. 103.85 with a total traded quantity of 89161970 shares followed by IFCI trading at Rs. 49.45 with a total traded quantity of 48557919 shares.

Maruti Suzuki India Limited is trading up by 5.25% at Rs. 1281. The company has posted a net profit after tax of Rs 5835.40 million for the quarter ended June 30, 2009 as compared to Rs 4658.50 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 50823.60 million for the quarter ended June 30, 2008 to Rs 67095.30 million for the quarter ended June 30, 2009.

KEC International Limited is trading higher by 7.05% at Rs. 454.25. The company, a global leader in the power transmission EPC business, has won four orders totaling to Rs, 471 crores in the domestic market.

The two orders are from North East Transmission Company. Limited. (a Joint Venture of QNGC, IL&F5 and Govt of Tripura).

ACC Limited is trading up by 5.10% at Rs. 849. The company has posted a net profit of Rs 4856.193 million for the quarter ended June 30, 2009 where as the same was at Rs 2714.242 million for the quarter ended June 30, 2008.

Total Income is Rs 21382.483 million for the quarter ended June 30, 2009 where as the same was at Rs 18541.087 million for the quarter ended June 30, 2008.

On the global markets front, the European markets are now trading lower as the FTSE 100, DAX and CAC index are trading down by (0.12%), (0.01%) and (0.13%) respectively.

Market Traded Tightly Packed In The Northward Region - July 23, 2009

2009-07-23T15:20:00.001+05:30

Market after a spectacular start, the key benchmark indices pared some of its early gains amidst mixed trading, but continued strength in large cap Metals, Realty and FMCG helped the bourses to elevate higher. Better-than-expected earnings headlines from India Inc technology players during recent weeks, leaves optimistic outlook.

Our market also got some support from firm Asian markets and announcement that Foreign Institutional Investors (FIIs) and the Non-Resident Indians (NRIs) have been allowed to invest in Indian Depository Receipts (IDR), according to the operational guidelines issued by the Reserve Bank of India on Wednesday, 22 July 2009.

On the sectoral front, out of 13 Indices, all were strong. Metal stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange rose 1.72% overnight.

The Market breadth, indicating the overall strength of the market, was stong. On BSE, out of 2,552 stocks traded so far, 1,585 shares advanced while 867 shares declined. Nearly 100 shares are unchanged.

The BSE Sensex is trading higher by 217.07 points at 15,060.20 whereas NSE Nifty is up by 72.30 points at 4,471.20.

The BSE Mid Cap is trading higher by 90.42 points at 5,265.16 and Small cap is trading up by 93.43 points at 5,910.80.

Major gainers from the BSE Sensex pack are Hindalco Industries Limited surged 5.61% to Rs. 90.30 along with Sterlite Industries Limited 4.97% to Rs. 631.20, ITC Limited 4.52% to Rs. 227.70, DLF Limited improved 3.48% to Rs. 358.25, Tata Motors Limited improved 3.36% to Rs. 335.45, Reliance Infrastructure Limited gained 2.82% to Rs. 1,122.00, Jaiprakash Associates Limited gained 2.72% to Rs. 224.80, Maruti Suzuki Limited by 2.70% to Rs. 1,250.00, Tata Steel by 2.47% to Rs. 408.15, Reliance Communication by 2.39% to Rs. 268.10, Infosys Technologies Limited by 2.28% to Rs. 1,962.95 and TCS Limited by 2.20% to Rs. 476.10 among others.

Major losers from the BSE Sensex Pack are Sun Pharmaceuticals Limited weaken by 1.81% to Rs. 1,231.90 and Bharti Airtel Limited by 1.57% to Rs. 809.90.

The BSE CD is higher by 124.05 points or 4.23% at 3,058.99. Stocks trading in green are Blue Star Limited spurted 7.94% to Rs. 352.65, Titan Industries Limited 3.39% to Rs. 1,299.00, Videocon Industries Limited 2.23% to Rs. 173.15, Gitanjali Gems Limited 1.79% to Rs. 99.75 and Rajesh Exports Limited 1.27% to Rs. 39.90 among others.

IFCI Limited gained 1.66% to Rs. 49.00 despite net profit retreated 33.3% to Rs. 100.78 crore in Q1 June 2009 as against Q1 June 2008.

Maharashtra Seamless Limited gained 1.65% to Rs. 255.00 after net profit rose 8.2% to Rs. 65.22 crore in Q1 June 2009 as against Q1 June 2008.

Ponni Sugars Erode Limited spurted 9.51% to Rs. 60.45 after the company posted net profit of Rs. 4.46 crore in Q1 June 2009 as against net loss of Rs. 1.03 crore in Q1 June 2008.

Biocon Limited zoomed 3.25% to Rs. 219.25 after consolidated net profit increased phenomenally 283.16% to Rs 57.55 crore in Q1 June 2009 as against Q1 June 2008.

ITC Limited gained 4.52% to Rs. 227.70 ahead of the quarterly result announcement due later today.

Siemens Limited improved 0.53% to Rs. 464.90 after the company bagged two orders aggregating Rs. 109 crore.

Sun Pharmaceutical Industries Limited plummeted 1.81% to Rs. 1,231.90 after US law firm Izard Nobel Llp filed a lawsuit seeking class action status against its US subsidiary Caraco Pharmaceutical Laboratories.

Jindal Drilling & Industries Limited spurted 10.75% to Rs. 533.80 after net profit increased in triple digit 330.3% to Rs 16.61 crore in Q1 June 2009 as against Q1 June 2008.

Market Spring Back Of Go Round More Or Less - July 23, 2009

2009-07-23T15:13:00.001+05:30

Market after opening on a buoyant note, the key benchmark indices are continuously trading with positive sentiments on the back of fresh capital inflows by foreign funds in tandem with firming trend in other Asian equity markets. On a stock specific move, HDFC is trading higher by 2% after it disclosed plans to raise Rs 4,000 crore by placing debentures with institutions.

During the last hours'' trading session almost all the sectoral indices are trading in the green territory with heavy buying interest has emerged across Consumer Durable (CD), Metal, FMCG and Realty stocks.

Among the BSE sectoral indices, CD, Metal and FMCG stocks surged by 3.51%, 3.07% and 2.97% respectively.

Overall the market breadth is positive as 1,423 stocks are trading in green while 566 stocks are in red.

The BSE Sensex surged by 200.57 points at 15,043.7 while NSE Nifty up by 71.2 points at 4,470.1.

Besides, the BSE Mid Cap and Small Cap are trading higher by 76.26 points and 74.15 points at 5,251 and 5,891.52 respectively.

Gainers from the BSE Sensex Pack are Sterlite Industries up by (4.27%) to Rs. 626.95, along with Hindalco Industries by (3.39%) to Rs. 88.40, Tata Steel by (2.99%) at Rs. 410.20, DLF Limited by (2.80%) at Rs. 355.90, ITC Limited by (2.78%) at Rs. 223.90 and Reliance com by (2.54%) at Rs. 268.50.

Gainers from the NSE Nifty Pack are Sterlite Industries inclined by (4.17%) at Rs. 626.45 along with Hindalco Industries by (4.09%) at Rs. 89.1, ITC Limited by (3.60%) at Rs. 225.85, DLF Limited by (2.82%) at Rs. 355.55, Tata Steel by (2.77%) at Rs. 410.4 and Idea Cellular by (2.68%) at Rs. 76.7.

BSE CD is trading higher by (3.51%) or 102.91 points at 3,037.85. The major gainers are Blue Star inclined by (5.60%) at Rs. 345 along with Titan Industries by (2.52%) at Rs. 1,288, Rajesh Exports by (1.40%) at Rs. 39.95, Gitanjali GE by (1.07%) at Rs. 99.05 followed by Videocon Ind by (1%) at Rs. 170.9.

BSE Metal is trading higher by (3.07%) or 348.35 points at 11,693.96. The top gainers in the index are Sterlite Industries by (4.27%) to Rs. 626.95 along with Hindalco Industries by (3.39%) to Rs. 88.40, Tata Steel by (2.99%) to Rs. 410.20 followed by Ispat Industries by (2.91%) to Rs. 21.25.

Markets Are Trading To Day Low Close - July 22, 2009

2009-07-22T15:52:00.002+05:30

The markets after a slide down into the negative territory have now firmed up and are moving sideways. The selling pressure continued among the IT, Capital Goods, Pharma and Auto stocks. The Metal index today outperformed the benchmark indices as it now trading with a gain of more than 1.8%. Further the negative opening of the European markets also turned down the sentiments. However the broader market indices are trading flat in the afternoon trade.

The BSE Sensex is now trading below the 15,000 mark and the NSE Nifty below the 4,450 mark.

The overall market breadth is negative as 1189 stocks are advancing while 1359 stocks are declining in BSE.

ONGC reported the top gainer from the BSE Sensex pack, as it is trading up by (4.37%) at Rs. 1,090.50 while Grasim Industries reported the top loser trading down by (3.34%) at Rs. 2,697.05.

The BSE Sensex is trading down by 119.51 points at 14,942.98 and the NSE Nifty is trading lower by 44.75 points at 4,424.35.

The BSE Mid Cap decreased by 3.43 points to 5,221.78 while the BSE Small Cap grew by 14.37 points to 5,852.19.

The IT index is trading with cut of 61.99 points or 1.68% at 3,632.04. Losers from this pack are HCL Tech trading lower by 4.95% at Rs. 217 followed by Rolta India by 4.95% at Rs. 130.70, Tech Mahindra by 3.86% at Rs. 780, Patni Computers by 2.73% at Rs. 274.80, NIIT by 1.75% at Rs. 58.80, Wipro by 1.70% at Rs. 450.15.

The Capital Goods index is trading lower by 190.98 points or 1.54% at 12,182.08. Scrips trading in negative territory are Thermax Limited trading down by 5.51% at Rs. 428.95 along with Bharat Electricals by 4.46% at Rs. 1442, ABB by 3.49% at Rs. 711.25, Elecon Eng by 2.41% at Rs. 79, BEML by 2.17% at Rs. 1036.80, Praj Inds by 1.92% at Rs. 84.40, Kalpataru Power by 1.87% at Rs. 730, Lakshmi Machines by 1.42% at Rs. 879.

The most active shares on NSE are Unitech trading at Rs. 81.20 with a total traded quantity of 66902964 shares followed by Suzlon Energy trading at Rs. 91.15 with a total traded quantity of 57979323 shares.

Reliance Communication is trading lower by 0.60% at Rs. 266.05. Etisalat DB and Reliance Communications, in a significant move today announced a long-term passive infrastructure sharing agreement, which will accelerate Etisalat DB Telecom''s forthcoming rollout of telecom services in India.

Under the terms of the agreements, Etisalat DB and its subsidiary would outsource their Telecom infrastructure requirements for the 15-telecom circles, encompassing end-to-end tower and transmission infrastructure to Reliance Infratel Limited and Reliance Communications Limited, respectively.

Canara Bank is trading down by 1.54% at Rs. 264.80. The bank posted a net profit of Rs 5553.30 million for the quarter ended June 30, 2009 as compared to Rs 1226.80 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 40990.50 million for the quarter ended June 30, 2008 to Rs 50319.50 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 index are trading down by (0.69%), (0.83%) and (0.76%) respectively.

Markets Trade Choppy Amidst Profit At High Level - July 22, 2009

2009-07-22T15:44:00.002+05:30

Market after a robust start, the key benchmark indices pared its early gains amidst profit booking pressure and also cautiousness ahead of results session. However, firm Asian stocks and overnight gains in US stocks boosted the barometer index in the early trading. Meanwhile, government plan''s to fetch a large sum from divestment this year also aided the rebound in equity market that will bridge fiscal deficit to some extent.

On the sectoral front, out of 13 Indices, 3 indices advanced whereas 10 indices declined. Metal stocks mixed as LMEX, a gauge of six metals traded on the London Metal Exchange rose 0.25% overnight.

IT stocks plunged lingered by better-than-expected first quarter FY10 result by Wipro Limited. Realty stocks improved on bargain hunting.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,589 stocks traded so far, 1,147 shares advanced while 1,344 shares declined. Nearly 98 shares are unchanged.

The BSE Sensex is trading lower by 175.50 points at 14,886.99 whereas NSE Nifty is down by 60.00 points at 4,409.10.

The BSE Mid Cap is trading lower by 45.61 points at 5,179.59 and Small cap is trading down by 20.69 points at 5,817.12.

Major gainers from the BSE Sensex pack are ONGC Limited surged 3.90% to Rs. 1,085.50 along with DLF Limited 1.75% to Rs. 349.50, Sterlite Industries Limited 1.45% to Rs. 604.50, Sun Pharmaceuticals Limited improved 1.16% to Rs. 1,271.10, Hindalco Industries Limited improved 0.73% to Rs. 89.20, ICICI Bank Limited gained 0.71% to Rs. 777.50 and NTPC Limited gained 0.32% to Rs. 203.25 among others.

Losers from the BSE Sensex Pack are TCS Limited plunged 3.54% to Rs. 460.50 along with, Grasim Industries Limited plunged 3.24% to Rs. 2,699.90, BHEL Limited 2.50% to Rs. 2,159.55, Wipro Limited by 2.04% to Rs. 448.60, Maruti Suzuki Limited by 1.76% to Rs. 1,218.10, ITC Limited by 1.62% to Rs. 216.20, Infosys Technologies Limited by 1.45% to Rs. 1,915.00, HDFC Bank by 1.45% to Rs. 1,440.90, Reliance Industries Limited by 1.42% to Rs. 1,989.00 and ACC Limited by 1.36% to Rs. 813.20 among others.

The BSE IT is lower by 51.77 points or 1.38% at 3,707.84. Stocks trading in red are Tech Mahindra Limited plunged 4.23% to Rs. 777.00, Rolta India Limited 4.22% to Rs. 131.70, Mphasis Limited 3.85% to Rs. 405.00, TCS Limited 3.54% to Rs. 460.50 and HCL Technologies Limited 3.33% to Rs. 220.70 among others.

ING Vysya Bank Limited zoomed 8.74% to Rs. 201.50 after net profit increased phenomenally 48.3% to Rs. 60.26 crore in Q1 June 2009 as against Q1 June 2008.

Shoppers'' Stop Limited spurted 5.16% to Rs. 161.95 after a bock deal of 3.30 lakh shares was executed on NSE at Rs 155 per share

BOC India Limited fell 2.21% to Rs. 165.65 after net profit retreated 42.6% to Rs 9.72 crore in Q2 June 2009 as against Q2 June 2008

Tata Power Company Limited advanced 0.07% to Rs. 1,129.70 following a strong response to an issue of global depository receipts (GDR).

LIC Housing Finance Limited weaken 4.65% to Rs. 605.45 on profit booking

Wipro Limited fell 2.04% to Rs. 448.60 after consolidated net profit as per Indian accounting rules improved merely by 0.54% to Rs. 1,015.50 crore in Q1 June 2009 as against Q4 March 2009.

Dr Reddy''s Laboratories Limited fell 3.78% to Rs. 759.70 despite consolidated net profit increased extensively 159.7% to Rs. 238.89 crore in Q1 June 2009 as against Q1 June 2008.

Market Firm Suitable In The Direction Of Positive Global Cues - July 22, 2009

2009-07-22T15:36:00.003+05:30

Market after a smart start, the key benchmark indices are marching towards the northward on the back of firm trend across the Asian region following a positive close on Wall Street. The growing optimism about the recovery in the world economy recharged the traders to take fresh positions on front line stocks.

On a stock specific move, Jai Prakash Associate is trading higher by 3% after company disclosed a plan to process and market edible oil under its own brand as part of a surprise foray into the agribusiness segment.

During the last hours'' trading session, almost all the secotral indices are trading on buoyant note. Among the BSE Sectoral indices buying interest has emerged across Realty, Metal, PSU and Consumer Durable stocks trading higher by 4.55%, 2.44%, 2.04% and 1.95% respectively.

Overall the market breadth is positive as 1,501 stocks are trading in green while 485 stocks are in red.

The BSE Sensex up by 282.48 points at 15,344.98 while NSE Nifty surged by 73.55 points at 4,542.65. Besides, the BSE Mid Cap and Small Cap are trading higher by 88.18 points and 121.67 points at 5,313.4 and 5,959.5 respectively.

Gainers from the BSE Sensex Pack are DLF Limited up by (5.12%) to Rs. 361.10, along with Sterlite Ind by (4.93%) to Rs. 625.25, ONGC by (4.83%) to Rs. 1,095.25, Tata Motors by (3.13%) at Rs. 337.40, Jaiprakash Associate by (2.93%) at Rs.232.10 and ICICI Bank by (2.82%) at Rs. 793.75.

Gainers from the NSE Nifty Pack are Suzlon Energy increased by (5.33%) at Rs. 95.85 along with DLF Limited by (5.22%) at Rs. 361.5, Sterlite Ind by (4.90%) at Rs. 625.05, ONGC Limited by (4.78%) at Rs. 1,095, Reliance Capital by (4.29%) at Rs. 907 and Unitech Limited by (3.68%) at Rs. 84.5.

BSE Realty is trading higher by (4.55%) or 157.82 points at 3,626.06. The top gainers are Parsvnath surged by (5.37%) at Rs. 104.05 along with DLF Limited by (5.12%) to Rs. 361.10, Indiabul Rea by (5.13%) at Rs. 235.50, Omaxe Limited by (5.09%) at Rs. 98 followed by Ansal Infras by (4.95%) at Rs. 57.25.

BSE Metal is trading higher by (2.44%) or 281.37 points at 11,512.01. The top gainers in the index are Welsp Guj SR surged by (6.96%) to Rs. 205.20 along with Sterlite Ind by (4.93%) to Rs. 625.25, NMDC Limited by (4.72%) to Rs. 382.95, Jai Corp by (4.40%) to Rs. 242 followed by Gujarat NRE by (2.96%) to Rs. 52.15.

Markets Well Again Starting Day Of The Week Low - July 21, 2009

2009-07-21T15:37:00.001+05:30

The markets though managed to rover a bit from the day’s low but are still trading lower. The broader market indices also reversed their earlier losses and are trading higher in the afternoon trade. Further the positive opening of the European markets boosted the sentiments. The Metal index today outperformed the benchmark indices as it now trading with a gain of more than 1%.

Further the Pharma and Auto stocks are also attracting some buying interest today. However, IT, Power, Banking and Realty stocks are still under pressure.

The BSE Sensex is now trading above the 15,100 mark and the NSE Nifty above the 4,450 mark.

The overall market breadth is negative as 1238 stocks are advancing while 1318 stocks are declining in BSE.

Tata Steel reported the top gainer from the BSE Sensex pack, as it is trading up by (2.57%) at Rs. 401.15 while TCS reported the top loser trading down by (3.84%) at Rs. 480.90.

The BSE Sensex is trading down by 68.15 points at 15,122.86 and the NSE Nifty is trading lower by 17.20 points at 4,485.05.

The BSE Mid Cap increased by 11.39 points to 5,246.48 and the BSE Small Cap grew by 23.61 points to 5,847.48.

The Metal index is trading with gains of 114.21 points or 1% at 11,483.85. Gainers from this pack are Jindal Steel trading up by 4.71% at Rs. 2,792.20 along with Ispat Industries by 4.55% at Rs. 21.85 along with Jindal Saw by 3.34% at Rs. 399.70, Tata Steel by 3.12% at Rs. 403.30, SAIL by 1.84% at Rs. 171.70, JSW Steel by 1.37% at Rs. 611.20 and Hind Zinc by 0.41% at Rs. 674.

The IT index is trading lower by 58.25 points or 1.55% at 3,701.36. Losers from this pack are TCS trading lower by 4.07% at Rs. 479.75 followed by Patni Computers by 2.34% at Rs. 285.50, Mosear Baer by 2.26% at Rs. 77.70, Infosys by 1.61% at Rs. 1941, Oracle Finance by 1.42% at Rs. 1319 and HCL Tech by 1.33% at Rs. 230.80.

The most active shares on NSE are Unitech trading at Rs. 82.35 with a total traded quantity of 69224230 shares followed by Ispat Inds trading at Rs. 21.95 with a total traded quantity of 48480979 shares.

Oriental Bank of Commerce (OBC) is trading lower by 2.36% at Rs. 174. The bank has posted a net profit of Rs 2574.10 million for the quarter ended June 30, 2009 as compared to Rs 2205.20 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 21592.10 million for the quarter ended June 30, 2008 to Rs 27961.00 million for the quarter ended June 30, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.61%), (0.71%) and (0.64%) respectively.

Market Droop Taking Place Income Reserve Demands - July 21, 2009

2009-07-21T15:29:00.002+05:30

Market after a subdued start, the key benchmark indices plunged on profit taking. Stocks witnessed phenomenal surge in past couple of sessions on spectacular results from heavy weights lifting sentiments. Indian government yesterday said it will prepare a back up plan to neutralize the impact of truant monsoon on agriculture and the Country''s economic growth.

Meanwhile, an index which gauges US economic prospects for the next six to nine months, increased in June for the third consecutive month, indicating the recession was drawing to a close.

On the sectoral front, out of 13 Indices, only 1 index advanced whereas 12 indices declined. Oil exploration firms were mixed after crude oil advanced on speculation that fuel demand will increase. Bank and Realty stocks fell on profit taking.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,576 stocks traded so far, 1,137 shares advanced while 1,347 shares declined. Nearly 92 shares are unchanged.

The BSE Sensex is trading lower by 133.19 points at 15,057.82 whereas NSE Nifty is down by 34.50 points at 4,467.75.

The BSE Mid Cap is trading lower by 9.92 points at 5,225.17 and Small cap is trading down by 0.1 points at 5,823.77.

Major gainers from the BSE Sensex pack are Maruti Suzuki Limited surged 1.30% to Rs. 1,224.00 along with Hero Honda Motors Limited 0.79% to Rs. 1,665.00, Wipro Limited 0.71% to Rs. 463.30, Tata Steel Limited improved 0.50% to Rs. 393.05, Sun Pharmaceuticals Limited improved 0.43% to Rs. 1,250.00, Hindustan Uniliver Limited gained 0.26% to Rs. 267.50 and Reliance Infrastructure Limited gained 0.25% to Rs. 1,138.70 among others.

Losers from the BSE Sensex Pack are TCS Limited plunged 3.82% to Rs. 481.00 along with Sterlite Industries Limited plunged 2.89% to Rs. 592.35, Jaiprakash Associates Limited 2.82% to Rs. 216.80, DLF Limited by 2.67% to Rs. 341.40, ACC Limited by 2.51% to Rs. 824.50, Mahindra & Mahindra Limited by 2.37% to Rs. 778.00, Tata Power by 2.16% to Rs. 1,131.10, BHEL by 2.15% to Rs. 2,226.60, NTPC Limited by 1.73% to Rs. 204.15 and ICICI Bank Limited by 1.63% to Rs. 774.30.

The BSE IT is lower by 51.77 points or 1.38% at 3,707.84. Stocks trading in green are TCS Limited plunged 3.82% to Rs. 481.00, Moser Baer Limited 3.21% to Rs. 76.95, Oracle Fin Limited 1.95% to Rs. 1,312.00, HCL Technologies Limited 1.90% to Rs. 229.45 and Infosys Technologies Limited 1.43% to Rs. 1,944.40 among others.

Sterlite Technologies Limited spurted 4.99% to Rs. 215.65 boosted by robust Q1 June 2009 results.

Thermax Limited fell 0.35% to Rs. 453.40 despite a strong order book gave revenue visibility.

KPIT Cummins Infosystems Limited weaken 2.53% to Rs. 55.80 after net profit fell 34.79% to Rs 16.25 crore in Q1 June 2009 as against Q4 March 2009.

Tata Steel Limited gained 0.50% to Rs. 393.05 after company launched an issue of global depository receipts (GDR).

Rane Brake Lining Limited jumped 10% to Rs. 58.30 after net profit spurted 232.5% to Rs 2.66 crore in Q1 June 2009 as against Q1 June 2008.

Era Infra Engineering Limited zoomed 3.83% to Rs. 139.45 after net profit jumped 239.5% to Rs 96.41 crore in Q1 June 2009 as against Q1 June 2008.

Triveni Engineering & Industries Limited gained 2.61% to Rs. 104.20 after net profit surged 61.8% to Rs 39.81 crore in Q3 June 2009 as against Q3 June 2008.

Market Turned Choppy Ahead Of Profit Booking - July 21, 2009

2009-07-21T15:25:00.002+05:30

Market after a subdued opening, the key benchmark indices are now oozing out its recent gains due to profit booking pressure at higher levels. On a stock specific news, Punj Lloyd is planning to raise US$125-US$150 mn by placing fresh equity with institutional buyers to retire part of its high-cost debt and infuse liquidity. Punj Llyod is trading marginally down by 0.8% at BSE.

During the last hours'' trading session, selling pressure has emerged across Realty, auto and IT stocks while buying pressure has seen across Healthcare (HC) and Consumer Durable (CD) counters.

Among the BSE sectoral indices IT, Realty and Auto stocks dipped by 0.83%, 0.58% and 0.55% respectively, while the HC and CD indices surged by 1.30% and 0.61% respectively.

Overall the market breadth is neutral as 1,047 stocks are trading in green while 1,032 stocks are in red.

The BSE Sensex down by 74.29 points at 15,116.71 while NSE Nifty declined by 15.14 points at 4,487.1. Besides, the BSE Mid Cap and Small Cap are trading higher by 10.98 points and 20.96 points at 5,246.08 and 5,844.83 respectively.

Losers from the BSE Sensex Pack are TCS Limited down by (2.96%) to Rs. 485.30, along with Jaiprakash associate by (2.42%) to Rs. 217.70, Mahindra and Mahindra by (2.36%) to Rs. 778.05, ONGC by (1.57%) at Rs. 1,044, ITC Limited by (1.53%) at Rs. 222, and Sterlite Industries by (1.52%) at Rs.600.7.

Losers from the NSE Nifty Pack are Gail India decreased by (3.28%) at Rs. 327.75 along with TCS Limited by (3.28%) at Rs. 484.15, Mahindra and Mahindra by (2.13%) at Rs. 780.9, Sterlite Industries Limited by (1.62%) at Rs. 600, ONGC by (1.60%) at Rs. 1,043.7 and SBI by (1.50%) at Rs. 1,697.15.

BSE IT is trading lower by (0.83%) or 31.05 points at 3,728.56. The top losers are TCS Limited declined by (2.96%) at Rs. 485.30 along with Moser Baer by (1.70%) to Rs. 78.15, HCL Tech by (1.67%) at Rs. 230, Infosys Tech by (1.13%) at Rs. 1,950.35 followed by Oracle Fin by (0.60%) at Rs. 1,330.

BSE Realty is trading down by (0.58%) or 20.31 points at 3,491.04. The top losers in the index are Sobha Dev declined by (2.15%) to Rs. 198 along with Ackruti by (1.55%) to Rs. 532.95, Housing Dev by (1.54%) to 230.50, Indiabul Real by (1.47%) to Rs. 225.30 followed by Ansal Infras by (1.17%) to Rs. 54.95.

Markets Are Higher At A Halt Trading - July 20, 2009

2009-07-20T15:27:00.002+05:30

The markets are still trading higher as strong buying continued across the board. Further the positive opening of the European markets also boosted the sentiments. The IT index today outperformed the benchmark indices on the better than expected results from TCS. Further the significant buying among the Tech, Banking, Oil & Gas and Realty stocks are also supporting the rallly. However, FMCG the sole index is bucking the trend today.

The BSE Sensex is now trading above the 15,100 mark and the NSE Nifty above the 4,450 mark.

The overall market breadth is positive as 1707 stocks are advancing while 867 stocks are declining in BSE.

TCS reported the top gainer from the BSE Sensex pack, as it is trading up by (14.02%) at Rs. 494.40 while Reliance Infra reported the top loser trading down by (2.52%) at Rs. 1,121.

The BSE Sensex is trading up by 401.65 points at 15,146.57 and the NSE Nifty is trading higher by 112.30 points at 4,487.25.

The BSE Mid Cap increased by 102.88 points to 5,208.47 and the BSE Small Cap grew by 121.40 points to 5,802.30.

The BSE IT index is trading with decent gains of 242.10 points or 6.91% at 3,747.38. Gainers from this pack are TCS trading up by 13.23% at Rs. 490.95 along with HCL Tech by 8.25% at Rs. 233.60, Wipro by 7.37% at Rs. 461.05, Tech Mahindra by 7.16% at Rs. 787.70, Mphasis by 7.11% at Rs. 413.55, Infosys by 5.53% at Rs. 1970.20, Patni Computers by 4.64% at Rs. 296.65 and Oracle Fin by 4.61% at Rs. 1318.10.

The Bankex index is trading up by 276.32 points or 3.40% at 8,408.48. Leading from the gainers pack are Allahabad bank trading higher by 9.50% at Rs. 87 followed by Union bank by 6.45% at Rs. 255, Bank of India by 5.42% at Rs. 358, Oriental bank by 4.62% at Rs. 175.50, Kotak bank by 4.50% at Rs. 670.30, ICICI bank by 4.32% at Rs. 774.50, IDBI bank by 4.30% at Rs. 103.10, bank of Baroda by 4.07% at Rs. 432.05 and Yes bank by 3.95% at Rs. 150.

The most active shares on NSE are Satyam Computers trading at Rs. 94.20 with a total traded quantity of 48860682 shares followed by RNRL trading at Rs. 81.10 with a total traded quantity of 44321566 shares.

Infrastructure Development Finance Company Limited (IDFC) is trading up by 1.07% at Rs. 141.25. The company has posted a net profit of Rs 2434.990 million for the quarter ended June 30, 2009 as compared to Rs 2047.331 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 8115.338 million for the quarter ended June 30, 2008 to Rs 8778.873 million for the quarter ended June 30, 2009. Alstom Projects India Limited is trading higher by 2.73% at Rs. 502.95.

The company has informed that the Company has been awarded a contract worth Rs 373 crores by Bharat Heavy Electricals Limited for supply of Boiler components for 2 X 800 MW Supercritical Coal Fired Power Plant at Krishnapatnam, Nellore Dist in Andra Pradesh.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.89%), (0.93%) and (1.17%) respectively.

Market Obtain Back Its Strong Point - July 20, 2009

2009-07-20T15:21:00.002+05:30

Market after a spectacular start, the key benchmark indices extended gains to touch fresh days high in early afternoon trade on firm global cues and strong gains from IT, Realty, Bank and Oil&Gas pivotals, as investors digested further results from India Inc. However, possibility of disruption in rail raises a risk of low agricultural output and hence high food inflation.

On the sectoral front, out of 13 Indices, 12 indices advanced whereas only 1 index declined. Oil exploration firms rose as oil gained at $64 a barrel mark bolstered by a rally in Asian stocks and fall in the dollar on hopes of a global economic recovery.

IT stocks zoomed on better-than-expected results from TCS on of the prominent Company in IT sector.

Bank stocks advanced on hopes building after Finance Minister announced that the government is committed to financial sector reforms.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,595 stocks traded so far, 1,728 shares advanced while 789 shares declined. Nearly 78 shares are unchanged.

The BSE Sensex is trading higher by 380.06 points at 15,124.99 whereas NSE Nifty is up by 112.30 points at 4,487.25.

The BSE Mid Cap is trading higher by 105.59 points at 5,211.18 and Small cap is trading up by 128.45 points at 5,809.35.

Major gainers from the BSE Sensex pack are TCS Limited surged 17.18% to Rs. 508.10 along with Wipro Limited 10.85% to Rs. 476.00, Infosys Technologies Limited spurted 5.17% to Rs. 1,963.50, ICICI Bank Limited improved 4.22% to Rs. 773.75, DLF Limited improved 4.12% to Rs. 346.55, Reliance Industries Limited gained 3.96% to Rs. 2,010.00 and Jaiprakash Associates Limited gained 3.69% to Rs. 220.70 among others.

Losers from the BSE Sensex Pack are Hero Honda Motos Limited plunged 1.41% to Rs. 1,615.00 along with ITC Limited plunged 1.22% to Rs. 227.20, Reliance Infra Limited 0.96% to Rs. 1,139.00, Reliance Communication Limited by 0.82% to 270.90 and Hindustan Uniliver Limited by 0.28% to Rs. 266.55.

The BSE IT is higher by 290.32 points or 8.28% at 3,795.60. Stocks trading in green are TCS Limited surged 17.18% to Rs. 508.10, Wipro Limited 10.85% to Rs. 476.00, HCL Technologies Limited surged 10.08% to Rs. 237.55, Mphasis Limited improved 9.30% to Rs. 422.00 and Tech Mahindra Limited 8.02% to Rs. 794.00 among others.

Kirloskar Pneumatic Company Limited plunged 7.04% to Rs. 369.00 after the company posted a net loss of Rs. 4.87 crore in Q1 June 2009 over net profit of Rs 6.20 crore in Q1 June 2009.

Reliance Industries Limited gained 3.96% to Rs. 2,010.00 ahead of a Supreme Court hearing today, of a gas dispute between the company and Anil Dhirubhai Ambani-controlled Reliance Natural Resources.

State Bank of Mysore Limited zoomed 7.54% to Rs. 660.05 after net profit spurted 474% to Rs. 82.19 crore in Q1 June 2009 as against Q1 June 2008.

Flawless Diamond (India) Limited spurted 8.57% to Rs. 34.85 after the company bagged two export orders aggregating Rs. 32 crore for supply of diamond and designer jewellery.

HCL Technologies Limited surged 10.08% to Rs. 237.55 after its unit HCL Axon bought the SAP division of South Africa''s UCS Group.

Apollo Hospitals Enterprise Limited gained 3.14% to Rs. 568.90 after net profit jumped 53.05% to Rs. 44.80 crore on a 26.33% rise in total income to Rs. 420.63 crore in Q1 June 2009 over Q1 June 2008.

Nagarjuna Construction Company Limited gained 4.06% to Rs. 139.60 after the company bagged three orders aggregating Rs. 776 crore

TCS Limited spurted 17.18% to Rs. 508.10 after net profit rose 15.27% to Rs 1276.44 crore on 0.12% decline in sales to Rs 5609.60 crore in Q1 June 2009 over Q4 March 2009.

Allahabad Bank Limitedspurted 10.57% to Rs. 87.85 after net profit soared 224.4% to Rs. 302.86 crore in Q1 June 2009 as against Q1 June 2008.

Market Buy And Sell Well-Built IT Top Gainer - July 20, 2009

2009-07-20T15:16:00.003+05:30

Market after opening on a buoyant note, the benchmark indices are trading with strong positive sentiments on the back of firm global cues and splendid result from IT major TCS. The BSE sensex breezed past the crucial 15k mark but was unable to sustain for a long as few front line stocks are facing stiff resistance at higher level.

On a stock specific news, IT major TCS is trading higher by nearly 15% after it posted better than expected performance in the first quarter ended FY09-10.

During the last hours'' trading session, buying interest has emerged across IT, TECk and Oil & Gas stocks while selling interest has seen across FMCG counters.

Among the BSE sectoral indices IT, TECk and Oil & Gas stocks surged by 6.31%, 3.84% and 1.97% respectively, while the FMCG index dipped by 0.54%. Out of the total 2,155 stocks traded at BSE, 1,456 Advanced, 625 declined while 74 remained unchanged.

The BSE Sensex up by 197.72 points at 14,942.64 while NSE Nifty surged by 49.6 points at 4,424.55. Besides, the BSE Mid Cap and Small Cap are trading higher by 85.27 points and 101.46 points at 5,190.86 and 5,782.36 respectively.

Gainers from the BSE Sensex Pack are TCS Limited down by (13.81%) to Rs. 493.50, along with Wipro Limited by (10.39%) to Rs. 474, Infosys Tech by (4.70%) to Rs. 1,954.75, Jai Prakash associates by (3.03%) at Rs. 219.30, Sterlite Industries Limited by (2.83%) at Rs. 604.30, and Reliance industries by (2.30%) at Rs.1,977.8.

Gainers from the NSE Nifty Pack are TCS increased by (14.16%) at Rs. 495.55, along with Wipro Limited by (10.69%) at Rs. 475.35, HCL Tech by (6.10%) at Rs. 228.6, Infosys Tech by (4.70%) at Rs. 1,954.1, Sterlite Industries by (2.84%) at Rs. 605 and Unitech Limited by (2.82%) at Rs. 78.4.

BSE IT is trading higher by (6.31%) or 221.25 points at 3,726.53. The top gainers in the index are TCS Limited surged by (13.81%) to Rs. 493.50 along with Wipro Limited by (10.39%) to Rs. 474, Mphasis Limited by (7.89%) to 416.55, HCL Tech by (5.89%) to Rs. 228.50 followed by Patni Computers by (5.13%) to Rs. 298.05.

BSE Oil & Gas is trading higher by (1.97%) or 181.20 points at 9,376. The top gainers are Aban offshore increased by (5.58%) at Rs. 904.10 along with
Essare Oil Limited by (2.66%) at Rs. 140.65, Cairn India by (2.33%) at Rs. 237.65, Reliance Industries by (2.30%) to Rs. 1,977.8 followed by Reliance Petroleum by (2.11%) at Rs. 123.30.

Market Bull Run Carry On Auto And Bank Leads - July 17, 2009

2009-07-17T16:42:00.002+05:30

The markets are trading with strong gains on sustained buying across the sectoral indices. The bulls rules the domestic market since the initial bell tracking the favoring cues from the global markets. The markets also got the boost on the back of comments from the Finance Secretary Ashok Chawla that the government''s record market borrowing programme would not pressure bond yields as well as interest rates Along with this, the revival in the monsoon this month also added to the sentiments.

The rainfall for the week ended July 10 was 6% more than lon term average. The significant buying witnessed among the auto, bankex, teck, IT and Realty stocks.

The BSE Sensex is now trading above the 14,700 mark and the NSE Nifty near the 4360 mark.

The overall market breadth is positive as 1779 stocks are advancing while 794 stocks are declining in BSE.

Reliance Infra reported the top gainer from the BSE Sensex pack, as it is trading up by (7.34%) at Rs. 1,138.30 while HUL reported the top loser trading down by (0.21%) at Rs. 266.25.

The BSE Sensex is trading up by 454.12 points at 14,704.37 and the NSE Nifty is trading higher by 133.80 points at 4,365.20.

The BSE Mid Cap increased by 93.67 points to 5,084.09 and the BSE Small Cap grew by 119.53 points to 5,665.09.

The Auto index is trading with gains of 227.02 points or 4.71% at 5,048.02. Leading from the gainers pack are Exide industries trading up by 8.57% at Rs. 76.65 along with Apollo Tyres by 6.85% at Rs. 35.90, Mahindra and Mahindra by 6.77% at Rs. 769.25, Tata Motors by 6.35% at Rs. 315, Amtek Auto by 5.65% at Rs. 98.20, Hero Honda Motors by 5.56% at Rs. 1623.80, MRF by 4.80% at Rs3409, Bajaj Auto by 3.73% at Rs1192.95 and Ashok Leyland by 3.62% at Rs. 32.90,

The Bankex index is trading higher by 372.86 points or 4.80% at 8,135.55. Gainers from this pack are ICICI bank by 7.07% at Rs. 744.20, Axis bank by 6.62% at Rs. 851.90, Canara bank by 5.24% at Rs. 267, SBI by 4.15% at Rs. 1674, Bank of India by 4.08% at Rs. 341.45, IDBI bank by 3.82% at Rs. 99.10, Yes bank by 3.38% at Rs. 143.80 and Kotak bank by 3.21% at Rs. 642.

The most active shares on NSE are Satyam Computers trading at Rs. 86.15 with a total traded quantity of 38385297 shares followed by Unitech trading at Rs. 76.35 with a total traded quantity of 34158631 shares.

HCL tech is trading up by 7.24% at Rs. 208.10. HCL AXON, a division of HCL Technologies, which provides Business Transformation consultancy and services through the innovative implementation and support of SAP technologies, announced a strategic partnership with UCS Group and a take over of the UCS Group''''s Enterprise Solutions SAP practice.

The acquired practice is a division of UCS Solutions and offers Tier 1 Retail and wholesale SAP project implementations.

The carve-out transaction entails an all cash consideration of USD 7.7 mn and growth centered earn-out over the next two years.

Colgate Palmolive India Limited is trading up by 1.97% at Rs. 644.05. The company has posted a net profit after tax of Rs 1027.80 million for the quarter ended June 30, 2009 as compared to Rs 719.20 million for the quarter ended June 30, 2008.

Total Revenue has increased from Rs 4359.90 million for the quarter ended June 30, 2008 to Rs 4939.80 million for the quarter ended June 30, 2009.

Market Across The Board Of Increase - July 17, 2009

2009-07-17T16:35:00.002+05:30

Market after a strong start, the key benchmark indices nudged higher on revival of annual monsoon this month and firm global market publicized sentiments. Further, the Indian government raged up its borrowing plan by nearly a quarter for the fiscal first half to September 2009 to bridge its growing budget deficit.

Way forward, the government would borrow an additional Rs 1,10,000 crore ($22.6 billion) from next week up to 30 September 2009 which mean it would have completed around 66% of its full-year record borrowing target of Rs 4,51,000 crore in the first half.

On the sectoral front, all indices gained. Oil exploration stocks gained despite crude oil fell in New Youk, as the US dollar gained against euro, restricting the appeal of commodities as an investment.

IT stock gained momentum on hopes of a revival in US economy. Bank stocks advanced after the Finance Minister said early this week that the government is committed to financial sector reforms.

Shipping stocks improved as the Baltic Dry Index, a measure of shipping costs for commodity surged 5.3% in London overnight.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,586 stocks traded so far, 1,738 shares advanced while 743 shares declined. Nearly 105 shares are unchanged.

Tthe BSE Sensex is trading higher by 430.46 points at 14,680.71 whereas NSE Nifty is up by 129.50 points at 4,360.90.

The BSE Mid Cap is trading higher by 104.71 points at 5,095.13 and Small cap is trading up by 124.59 points at 5,670.15.

Major gainers from the BSE Sensex pack are Tata Motors Limited surged 6.97% to Rs. 316.85 along with Mahindra & Mahindra Limited 6.32% to Rs. 766.00, ICICI Bank Limited spurted 5.04% to Rs. 730.05, Bharti Airtel Limited improved 5.02% to Rs. 825.00, Jaiprakash Associates Limited advanced 4.78% to Rs. 208.05, TCS Limited improved 4.77% to Rs. 440.50 and DLF Limited gained 4.76% to Rs. 332.05 among others.

Losers from the BSE Sensex Pack are Sun Pharmaceuticals Limited plunged 0.55% to Rs. 1,210.00 along with Sterlite Industries (India) Limited plunged 0.45% to Rs. 587.50, Hindustan Uniliver Limited 0.30% to Rs. 266.00 and ACC Limited slipped 0.02% to Rs. 796.80.

The BSE Auto is higher by 213.94 points or 4.44% at 5,034.94. Stocks trading in green are Exide Industries Limited surged 9.63% to Rs. 77.40, Tata Motors Limited 6.97% to Rs. 316.85, Amtek Auto Limited 6.78% to Rs. 99.25, Mahindra & Mahindra Limited improved 6.33% to Rs. 766.10 and Hero Honda Motors Limited 4.73% to Rs. 1,611.00 among others.

Exide Industries Limited zoomed 9.63% to Rs. 77.40 after net profit increased phenomenally 48.9% to Rs 122.40 crore in Q1 June 2009 as against Q1 June 2008.

Anu''s Laboratories Limited jumped 6.94% to Rs. 30.05 after the company fixed 27 July 2009 as the record date for a liberal 1:1 bonus issue.

Larsen & Toubro Limited gained 2.69% to Rs. 1,415.10 as the company said it is hopeful to maintain its guidance of 25% growth in order book in the current fiscal.

Zee Entertainment Enterprises Limited advanced 3.15% to Rs. 186.50 after it posted better-than-expected results on the back of aggressive cost cutting measures.

PBA Infrastructure Limited spurted 12.49% to Rs. 58.10 after the company bagged fresh orders aggregating Rs 70.80 crore.

Sterlite Industries (India) Limited plunged 0.45% to Rs. 587.50, on concerns of equity dilution after the company raised $1.5 billion from an issue of American Depositary Shares

JK Tyre & Industries Limited spurted 10.72% to Rs. 89.85 after net profit increased in triple digit 101.3% to Rs 40.75 crore in Q1 June 2009 as against Q1 June 2008.

Market Bring Together Reverse Through Firm Global Cues - July 17, 2009

2009-07-17T16:25:00.002+05:30

Market after a gap up opening, the key benchmark indices are marching towards the northward direction on the back of strong cues from the global markets. Besides, stamp duty exemption on land acquisitions being proposed for SEZs could be another factor for the punters to take fresh positions on undervalued stocks.

On a stock specific move, PBA infrastructure is trading higher by 12% after it bagged orders worth Rs 70.80 crore from Mumbai Metropolitan Region Development Authority.

During the last hours'' trading session, almost all the secotral indices are trading on buoyant note. Among the BSE Sectoral indices buying interest has emerged across Atuo, TECk, IT and Realty stocks trading higher by 3.79%, 3.34%, 3.30% and 2.99% respectively.

Overall the market breadth is positive as 1,536 stocks are trading in green while 570 stocks are in red.

Tthe BSE Sensex up by 353.59 points at 14,603 while NSE Nifty surged by 105.2 points at 4,336.6.

Besides, the BSE Mid Cap and Small Cap are trading higher by 109.59 points and 120.83 points at 5,100.01 and 5,666.4 respectively.

Gainers from the BSE Sensex Pack are ICICI Bank up by (5.40%) to Rs. 732.55, along with Bharti Airtel by (4.91%) to Rs. 824.10, Tata Motors by (4.76%) to Rs. 310.30, Mahindra and Mahindra Limited by (4.66%) at Rs. 754.05, Reliance Infra by (4.29%) at Rs. 1,106, and TCS Limited by (4.08%) at Rs.437.60.

Gainers from the NSE Nifty Pack are ICICI Bank increased by (5.35%) at Rs. 731 along with Siemens Limited by (5.09%) at Rs. 445.1, Tata Motors by (4.99%) at Rs. 311.5, Bharti Airtel by (4.98%) at Rs. 823.95, Mahindra and Mahindra Limited by (4.77%) at Rs. 754.9 and Hero Honda Motors by (4.60%) at Rs. 1,608.6.

BSE Auto is trading higher by (3.79%) or 182.94 points at 5003.94. The top gainers are Exide Industries surged by (8.64%) at Rs. 76.70 along with Apollo Tyre by (6.70%) to Rs. 35.85, Amtek Auto by (4.90%) at Rs. 97.50, Tata Motors by (4.76%) at Rs. 310.3 followed by Mahindra and Mahindra Limited by (4.66%) at Rs. 754.05.

BSE TECk is trading higher by (3.34%) or 86.99 points at 2,692.13. The top gainers in the index are Deccan Chr surged by (7.92%) to Rs. 72.20 along with Mphasis Limited by (6.73%) to Rs. 390, NIIT Limited by (5.55%) to Rs. 58, Bharti Airtel by (4.91%) to Rs. 824.10 followed by Financial Tech by (4.91%) to Rs. 1,337.30.

Markets Well Again After The Day Low Down - July 16, 2009

2009-07-16T16:18:00.002+05:30

The markets are witnessing a little bit of volatility today and are now trading near the unchanged mark. However, the markets managed to recover from the day’s low tracking firm cues from the European markets. The broader markets indices today outperformed the benchmark indices. The significant buying witnessed among the Realty, Consumer Durables, Auto and Pharma stocks. However, Capital Goods and Power stocks are trading lower.

The BSE Sensex is now trading above the 14,300 mark and the NSE Nifty near the 4250 mark.

The overall market breadth is positive as 1425 stocks are advancing while 1044 stocks are declining in BSE.

Reliance Industries reported the top gainer from the BSE Sensex pack, as it is trading up by (3.48%) at Rs. 1,940.20 while Sterlite Industries reported the top loser trading down by (7.42%) at Rs. 582.

The BSE Sensex is trading up by 83.19 points at 14,336.43 and the NSE Nifty is trading higher by 15.90 points at 4,249.40.

The BSE Mid Cap increased by 45.01 points to 5,023.65 and the BSE Small Cap grew by 47.14 points to 5,570.94.

The Oil and Gas index is trading with gains of 192.95 points or 2.15% at 9,175.36. Gainers from this pack are Aban Offshore trading up by 5.91% at Rs. 872.10 along with Gail India by 4.09% at Rs. 339.90, Reliance Industries by 3.60% at Rs. 1942.55, Reliance Petroleum by 3.20% at Rs. 121, Reliance Natural Resources by 2.96% at Rs. 81.70 and Essar Oil by 0.91% at Rs. 133.75.

The Consumer Durables index is trading higher by 46.92 points or 1.66% at 2,872.31. Leading from the gainers pack are Blue Star trading up by 2.30% at Rs. 333 followed by Titan Inds by 1.63% at Rs. 1195.15, Gitanjali GE by 1.53% at Rs. 99.25 and Rajesh Exports by 1.33% at Rs. 38.15.

The most active shares on NSE are Unitech trading at Rs. 75.20 with a total traded quantity of 47618533 shares followed by Suzlon Energy trading at Rs. 93.90 with a total traded quantity of 43286251 shares.

Bajaj Auto Limited is trading up by 6.02% at Rs. 1159.85. The company has posted a net profit of Rs 2934.90 million for the quarter ended June 30, 2009 as compared to Rs 1751.10 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 23334.50 million for the quarter ended June 30, 2008 to Rs 23616.10 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 index are trading down by (0.13%), (0.03%) and (0.06%) respectively.

Market Prepare Unfit For Human Consumption Early Gains - July 16, 2009

2009-07-16T16:12:00.002+05:30

The key benchmark indices after a firm start lingered by overnight spectacular surge in US market, finally gave up their early gains and slipped flat as wholesale prices declined 1.21% (YoY) in the week ended July 4, after falling 1.55% in the previous week. India''s central bank estimates inflation will be around 4% by March 31, 2010. Moreover, an element of caution remained ahead of the slew of India Inc results which looked likely to provide a degree of medium term direction.

On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices. Oil exploration firms reversed gains even despite oil steadied above $61 a barrel overnight.

Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 3.56% overnight.

Auto stocks gained on expectation of strong first quarter result for FY10. Capital goods stocks advanced on a thrust on infrastructure development in Union Budget 2009-2010.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,500 stocks traded so far, 1,426 shares advanced while 983 shares declined. Nearly 91 shares are unchanged.

The BSE Sensex is trading lower by 4.75 points at 14,248.49 whereas NSE Nifty is down by 3.0 points at 4,230.5.

The BSE Mid Cap is trading higher by 22.60 points at 5,001.25 and Small cap is trading up by 35.06 points at 5,558.87.

Major gainers from the BSE Sensex pack are Tata Motors Limited 3.78% to Rs. 299.55 along with, Tata Steel Limited surged 3.63% to Rs. 394.00, Hero Honda Motors Limited spurted 3.35% to Rs. 1,542.00, Reliance Industries Limited improved 2.51% to Rs. 1,922.00, Wipro Limited advanced 2.51% to Rs. 423.20, Reliance communication Limited improved 2.16% to Rs. 267.40 and Tata Power Limited gained 1.72% to Rs. 1,123.00 among others.

Losers from the BSE Sensex Pack are Sterlite Industries Limited plunged 7.44% to Rs. 581.90 along with Larsen & Toubro Limited fell 2.90% to Rs. 1,388.70, Housing Development Finance Co Limited 1.94% to Rs. 2,380.20, Reliance Infra Limited 1.93% to Rs. 1,083.00, Jaiprakash Associates Limited 1.80% to Rs. 202.40 and TCS Limited slipped 1.24% to Rs. 417.25 among others.

The BSE Auto is higher by 88.04 points or 1.86% at 4,816.83. Stocks trading in green are Bajaj Auto Limited surged 6.22% to Rs. 1,162.00, Bharat Forge 3.96% to Rs. 147.00, Tata Motors Limited 3.78% to Rs. 299.55, Hero Honda Motors Limited improved 3.23% to Rs. 1,540.25 and Exide Industries Limited 2.57% to Rs. 71.75 among others.

Larsen & Toubro Limited fell 2.90% to Rs. 1,388.70 on profit sharing despite net profit surged 218% to Rs. 1,598.20 crore in Q1 June 2009 as against Q1 June 2008.

Bajaj Auto Limited zoomed 6.22% to Rs. 1,162.00 after net profit spurted 67.60% to Rs. 293.49 crore in Q1 June 2009 as against Q1 June 2008.

Bajaj Finserv Limited zoomed 5.81% to Rs. 372.55 after the company posted a net profit of Rs. 42.14 crore in Q1 June 2009 as against to net loss of Rs 36.24 crore in Q1 June 2008, on a consolidated basis.

Tata Motors Limited gained 3.78% to Rs. 299.55 after its ADR spurted 8.32% to $8.59 on the New York Stock Exchange overnight.

Navneet Publications (India) Limited spurted 5.28% to Rs. 84.75 after the company said its board will meet on 31 July 2009 to consider issue of bonus shares.

Everest Kanto Cylinder Limited surged 4.44% to Rs. 182.15, after a block deal of five lakh shares was executed on BSE at Rs 185 per share.

Mahindra & Mahindra Limited gained 0.81% to Rs. 724.00 after a decent debut of its unit Mahindra Holidays & Resorts India.

Sterlite Industries (India) plunged 7.44% to Rs. 581.90 on concerns of equity dilution after the company launched an issue of American Depositary Shares to raise $1.50 billion.

Market Bringing Up The Rear Momentum - July 16, 2009

2009-07-16T16:05:00.003+05:30

Market after opening on a buoyant note, on the back of strong global cues the frontline stocks are now oozing out early gains due to profit booking pressure at higher levels. On a stock specific move, Tata Teleservices Maharashtra Limited is trading higher by nearly 1% after a news that company is interested to pick up majority stake in Matrix Cellular Services.

During the last hours'' trading session, buying interest has emerged across Capital Goods (CG), Consumer Durable (CD) and Realty stocks while selling pressure has seen across Healthcare (HC) and FMCG counters.

Among the BSE sectoral indices CG, CD and Realty stocks surged by 2.18%, 1.63% and 1.51% respectively, while the HC and FMCG indices dipped by 0.21% and 0.05% respectively. Overall the market breadth is positive as 1,498 stocks are trading in green while 623 stocks are in red.

Tthe BSE Sensex up by 84.55 points at 14,337.6 while NSE Nifty surged by 20.44 points at 4,253.95.

Besides, the BSE Mid Cap and Small Cap are trading higher by 54.36 points and 68.09 points at 5,033.01 and 5,591.9 respectively.

Gainers from the BSE Sensex Pack are Tata Steel up by (4.27%) to Rs. 396.45, along with Tata Motors by (3.79%) to Rs. 299.60, Reliance Communication by (2.48%) to Rs. 268.25, Reliance Industries by (2.29%) at Rs. 1,918, ACC Limited by (2.22%) at Rs. 825, and Tata Power by (2.20%) at Rs.1,128.25.

Gainers from the NSE Nifty Pack are Tata Steel increased by (4.10%) at Rs. 396.5 along with Tata Motors by (4.04%) at Rs. 300.2, Tata Power by (2.58%) at Rs. 1,132.5, Unitech Limited by (2.09%) at Rs. 75.65, RPL by (2.01%) at Rs. 119.55 and Tata Communication by (1.97%) at Rs. 479.9.

BSE CG is trading higher by (2.18%) or 261.88 points at 12,278.03. The top gainers are Reliance Industrial Infrastructure surged by (11.28%) at Rs. 1,014.95 along with Everest Kanto by (4.36%) to Rs. 182, Crompton Greavs by (3.39%) at Rs. 295.75, Kalpat power by (3.34%) at Rs. 724 followed by Thermax Limited by (2.97%) at Rs. 440.

BSE CD is trading higher by (1.63%) or 46.04 points at 2,871.43. The top gainers in the index are Gitanjali GE surged by (2.66%) to Rs. 100.35 along with Blue Star Limited by (1.71%) to Rs. 331.05, Rajesh Exports by (1.33%) to 38.15, Titan Industries by (1.11%) to Rs. 1,189 followed by Videocon Industries by (0.43%) to Rs. 164.1.

Markets Are Now Trading At Day High - July 15, 2009

2009-07-15T16:28:00.001+05:30

The markets gained further grounds and are now trading near the day’s high as strong buying continued across the board. Further the positive opening of the European markets has led the markets to gain further momentum. The Realty index today outperformed the benchmark index as it is now trading with a gain of more than 7%. Further the Metal, Power, Capital Goods and Auto stocks are also in demand today.

The BSE Sensex is now trading above the 14,100 mark and the NSE Nifty near the 4200 mark.

The overall market breadth is positive as 1913 stocks are advancing while 576 stocks are declining in BSE.

Jai Prkash Associate reported the top gainer from the BSE Sensex pack, as it is trading up by (7.92%) at Rs. 206.45 while Infosys Technologies reported the top loser trading down by (1.45%) at Rs. 1,780.20.

The BSE Sensex is trading up by 287.28 points at 14,140.98 and the NSE Nifty is trading higher by 90 points at 4,201.40.

The BSE Mid Cap increased by 178.95 points to 4,959.23 and the BSE Small Cap grew by 212.68 points to 5,495.70.

The Realty index is trading with gains of 242.19 points or 8.09% at 3,237.35. Gainers from this pack are Indiabull Real trading up by 14.03% at Rs. 217.45 along with Ackruti City by 13.75% at Rs. 514.10, Penland by 10.78% at Rs. 62.15, Ansal Infra by 9.03% at Rs. 52.50, Mahindra Life by 7.09% at Rs. 262.95, Parsvnath by 6.78% at Rs. 85, Anant Raj In by 5.72% at Rs. 98.90 and Omaxe by 5.37% at Rs84.40.

The Metal index is trading higher by 462.09 points or 4.50% at 10,735.84. Scrips that are trading with decent gains are Welspun Guj SR by 8.88% at Rs. 201.60 followed by Ispat Inds by 8.71% at Rs. 19.35, Gujarat NRE Coke by 8.10% at Rs. 40.70, NMDC by 6.88% at Rs. 342, Sesa Goa by 6.15% at Rs. 210.55, Tata Steel by 5.14% at Rs. 376.60 and Jai Corp by 5% at Rs. 210.05 and JSW Steel by 4.92% at Rs. 556.

The most active shares on NSE are Unitech trading at Rs. 74.30 with a total traded quantity of 45281240 shares followed by Suzlon Energy trading at Rs. 92 with a total traded quantity of 41637041 shares.

IDBI Bank is trading up by 5.97% at Rs. 100.25. The bank has posted a net profit of Rs 1718.30 million for the quarter ended June 30, 2009 as compared to Rs 1597.60 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 27561.50 million for the quarter ended June 30, 2008 to Rs 42189.10 million for the quarter ended June 30, 2009.

Power Finance Corporation Limited is trading higher by 2.56% at Rs. 220. The company has posted a net profit of Rs 5549.145 million for the quarter ended June 30, 2009 as compared to Rs 2962.971 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 14416.008 million for the quarter ended June 30, 2008 to Rs 18929.254 million for the quarter ended June 30, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (1.20%), (1.43%) and (1.40%) respectively.

Market Spray Smartly - July 15, 2009

2009-07-15T16:19:00.002+05:30

After robust opening, the key benchmark indices extended gains on cues of firm rally in other Asian markets. Strong rebound across the globe and Finance Minister Pranab Mukherjee''s statement yesterday, that country aims to return to a path of fiscal prudence to ensure moderate interest rates augured investor sentiments.

On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Power stocks gained on bargain hunting after a recent slide by disappointment from the Budget.

Oil exploration stocks rose as crude oil stronger snapping three days of declines. Bank stock gained after the Finance Minister yesterday said the government is committed to financial sector reform.

Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 3.44% overnight.

Realty stocks gained after being hammered in last couple of trading sessions. The government has provided a strong thrust to housing sector in the Union Budget 2009-2010.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,503 stocks traded so far, 1,839 shares advanced while 582 shares declined. Nearly 82 shares are unchanged.

The BSE Sensex is trading higher by 212.39 points at 14,066.1 whereas NSE Nifty is up by 70.3 points at 4,181.70.

The BSE Mid Cap is trading higher by 152.21 points at 4,932.49 and Small cap is trading up by 201.10 points at 5,484.13.

Major gainers from the BSE Sensex pack are DLF Limited surged 5.86% to Rs. 317.70 along with Jaiprakash Associates Limited 5.54% to Rs. 201.90, Hero Honda Motors Limited spurted 5.48% to Rs. 1,478.50, Tata Steel Limited improved 4.41% to Rs. 374.00, BHEL Limited advanced 3.62% to Rs. 2,121.00, Reliance Infrastructure Limited improved 3.09% to Rs. 1,086.40 and Larsen & Toubro Limited gained 2.78% to Rs. 1,410.80 among others.

Losers from the BSE Sensex Pack are Infosys Technologies Limited plunged 2.51% to Rs. 1,761.00 along with Hindustan Uniliver Limited by 1.67% to Rs. 264.90, Maruti Suzuki Limited 0.67% to Rs. 1,081.00, Housing Development Finance Co Limited 0.12% to Rs. 2,365.20, HDFC Bank Limited 0.09% to Rs. 1,359.15 and ITC Limited slipped 0.05% to Rs. 212.40 among others.

The BSE Realty is higher by 164.19 points or 5.48% at 3,159.35. Stocks trading in green are Indiabulls Realty surged 7.81% to Rs. 205.60, Anant Raj 6.41% to Rs. 99.55, Ansal Infrastructure 6.13% to Rs. 51.10, Mahindra LifeScience improved 5.95% to Rs. 260.15 and DLF Limited 5.86% to Rs. 317.70 among others.

Adani Enterprises Limited spurted 8.85% to Rs. 810.00 as Adani Power''s initial public offer later this month will unlock shareholder value.

Reliance Power Limited gained 6.14% to Rs. 160.85 after the company attained the financial closure for its 1,200 megawatt project in Uttar Pradesh.

Rasoya Proteins Limited improved 2.41% to Rs. 31.90 after net profit zoomed 57.5% to Rs. 2.93 crore in Q1 June 2009 as against Q1 June 2008.

OnMobile Global Limited rose 10.36% to Rs. 504.00 after the company signed an agreement with Spain based Telefonica Internacional, S.A.U for providing value added services.

Rallis India Limited jumped 12.22% to Rs. 756.00 after net profit surged 122.7% to Rs. 9.42 crore in Q1 June 2009 as against Q1 June 2008.

Jammu and Kashmir Bank Limited surged 0.99% to Rs. 451.90 after net profit rose 23.8% to Rs. 117.05 crore on 24.4% rise in total income to Rs. 891.05 crore in Q1 June 2009 as against Q1 June 2008.

Power Finance Corporation Limited gained 2.42% to Rs. 219.70 after net profit jumped 87.28% to Rs. 554.91 crore in Q1 June 2009 as against Q1 June 2008.

Market Private Convention Suitable To Firm Global Cues - July 15, 2009

2009-07-15T16:12:00.002+05:30

After a firm opening, the key benchmark indices are trading with positive sentiments on the back of higher capital inflows by foreign funds and a firming global market. Besides, short covering by speculators also helped market to march towards the northward direction. On a stock specific move, DLF Limited is trading higher by 2.5% after it raised Rs 1000 crore through the sale of hotel plots and will also raise another Rs 1900 crore by the end of this fiscal year through the sale of more plots and its wind power business.

During the last hours’ trading session, buying interest has emerged across Realty, Metal and Capital Goods (CG) while selling pressure has emerged across FMCG, IT and Bankex.

Among the BSE Sectoral indices Realty, Metal and CG surged by 3.19%, 2.68% and 2.01% respectively, while FMCG stocks fell by nearly 0.56%.

Overall market breadth is positive. Out of the total 2,052 stocks traded at BSE, 1,470 advanced, 510 declined while 72 remained unchanged.

Tthe BSE Sensex is surged by 112.56 points at 13,966.27 while NSE Nifty up by 37.9 points at 4,149.3.

Besides, the BSE Mid Cap and Small Cap are trading higher by 107.4 points and 118.91 Points to 4,887.68 and 5,401.94 respectively.

Gainers from the BSE Sensex Pack are Tata Steel Limited surged by (3.91%) to Rs. 372.20, along with Hindalco Industries by (3.60%) to Rs. 76.25, Jaiprakash Associate by (3.53%) at Rs. 198.05, Hero Honda by (3.44%) at Rs. 1,450, BHEL by (2.97%) at Rs. 2,107.75 and Sun Pharmaceutical by (2.79%) at Rs. 1,210.

Gainers from the NSE Nifty Pack are Idea Cellular up by (4.10%) at Rs. 71.05 along with Tata Steel by (3.97%) at Rs. 372, Siemens Limited by (3.94%) at Rs. 415, Hero Honda by (3.75%) at Rs. 1,452.1, SAIL by (3.60%) at Rs. 158.1 and Hindalco Industries Limited by (3.46%) at Rs. 76.15.

BSE Realty is trading higher by (3.19%) or 95.52 points at 3,090.68. The top gainers in the index are Indiabul Real surged by (6.50%) to Rs. 203.10 along with Ansal Infra by (5.40%) to Rs. 50.75, Orbit Co by (4.97%) to Rs. 136.30, Akruti by (4.75%) to Rs. 473.40 followed by Penland Limited by (4.10%) at Rs. 58.40.

BSE Metal is trading higher by (2.68%) or 275.49 points at 10,549.24. The major gainers are Wels Guj SR surged by (5.05%) at Rs. 194.50 along with Jai Corp by (4.75%) at Rs. 209.55, Sesa Goa by (4.56%) at Rs. 207.4 followed by NMDC Limited by (4.38%) at Rs.334.

Markets Further Reason On Gained - July 14, 2009

2009-07-14T16:14:00.001+05:30

The markets are witnessing strong buying interest today as strong buying interest continued across the board. Further the positive opening of the European markets has led the markets to gain further momentum. The Realty index today outperformed the benchmark index as it is now trading with a gain of more than 7%. Further the Metal, Consumer Durables, Power and Capital Goods stocks are also in demand today.

The BSE Sensex is now trading near the 13,800 mark and the NSE Nifty near the 4100 mark.

The overall market breadth is positive as 1825 stocks are advancing while 642 stocks are declining in BSE.

DLF reported the top gainer from the BSE Sensex pack, as it is trading up by (9.95%) at Rs. 296.10 followed by Reliance Infra trading up by (8.44%) at Rs. 1,048.20.

The BSE Sensex is trading up by 383.52 points at 13,783.84 and the NSE Nifty is trading higher by 121.90 points at 4,095.95.

The BSE Mid Cap increased by 173.75 points to 4,758.36 and the BSE Small Cap grew by 200.93 points to 5,258.63.

The Realty index is trading with gains of 209.61 points or 7.65% at 2,947.96. Gainers from this pack are Ackruti City trading up by 13.10% at Rs454.95 along with DLF by 9.95% at Rs296.10, HDIL by 8.25% at Rs205.40, Ansal Infra by 8.08% at Rs47.50, Parsvnath by 7.77% at Rs78.40, Indiabull Real by 7.27% at Rs188.90, Unitech by 6.69% at Rs69.35, Mahindra Life by 6.30% at Rs241.30, Omaxe by 5.10% at Rs79.30, Orbitco by 4.97% at Rs129.85 and Penland by 4.67% at Rs56.

The Metal index is trading higher by 465.69 points or 4.78% at 10,201.37. Scrips trading in green are JSW Steel by 8.86% at Rs527, SAIL by 7.43% at Rs151.10, Ispat Inds by 6.02% at Rs17.60, Sesa Goa by 5.57% at Rs193.25, Welspun Guj SR by 5.56% at Rs184.20, Tata Steel by 5.55% at Rs357.70, Hind Zinc by 5.12% at Rs574, Jai Corp by 4.99% at Rs200.05 and Gujarat NRE Coke by 4.60% at Rs37.50.

The most active shares on NSE are Unitech trading at Rs. 69.30 with a total traded quantity of 39980052 shares followed by Suzlon Energy trading at Rs. 87 with a total traded quantity of 36956043 shares.

ABB Limited is trading up by 2.39% at Rs675. The company has won orders worth Rs. 1410 million from Maharashtra State Electricity Transmission Company Limited (M5ETCL) for substations to help improve the efficiency and reliability of the state''''s network.

On the global markets front, the European markets are now trading higher as the FTSE 100 and DAX index are trading up by (0.76%) and (0.89%) respectively.

Market Bounced Reverse Smartly - July 14, 2009

2009-07-14T16:08:00.003+05:30

After spectacular opening, the key benchmark indices extended gains in a narrow range. Firm global market and forecast of strong rains in the coming days suppressed the negative sentiments. The momentum was also boosted by strong Asian stocks movement led by South Korean Steel giant POSCO which raised its production target and Singapore upgraded its forecast for economic growth.

On the sectoral front, all 13 Indices traded positive. Oil exploration stocks gained as oil rose above $60 a barrel due to improved sentiment amid a stock market rally.

Metal stocks advanced after Shanghai copper rose 1.4% yesterday and investors kept aside demand worries following a rally in Asian equities.

Capital Goods, Construction, Realty and Cement stocks improved on expectation of rising demand due to thrust on infrastructure development in the Union Budget 2009-10.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,472 stocks traded so far, 1,774 shares advanced while 626 shares declined. Nearly 72 shares are unchanged.

The BSE Sensex is trading higher by 360.78 points at 13,761.10 whereas NSE Nifty is up by 105.54 points at 4,079.60.

The BSE Mid Cap is trading higher by 162.75 points at 4,747.36 and Small cap is trading up by 176.40 points at 5,234.10.

Major gainers from the BSE Sensex pack are Reliance Infrastructure Limited surged 7.39% to Rs. 1,038.10 along with DLF Limited 6.39% to Rs. 286.50, ICICI Bank Limited spurted 5.35% to Rs. 665.60, Tata Steel Limited improved 4.84% to Rs. 355.30, BHEL Limited advanced 4.77% to Rs. 2,055.50, Housing Development Finance Co Limited improved 4.43% to Rs. 2,305.20 and Jaiprakash Associates Limited gained 4.26% to Rs. 184.80 among others.

Losers from the BSE Sensex Pack are Hindustan Uniliver Limited weaken 0.25% to Rs. 262.55 along with Hero Honda Motors Limited plunged 0.02% to Rs. 1397.90.

The BSE Realty is higher by 171.55 points or 6.26% at 2,909.90. Stocks trading in green are Ackruti surged 11.40% to Rs. 448.10, DLF Limited 6.39% to Rs. 286.50, Housing Development 6.09% to Rs. 201.30, Unitech Limited improved 5.54% to Rs. 68.60 and Indiabulls Realty 5.20% to Rs. 185.25 among others.

Gitanjali Gems Limited zoomed 5.77% to Rs. 98.00 after the company disclosed its US unit has acquired 51% stake in New York based Diamlink Inc.

ICICI Bank Limited spurted 5.35% to Rs. 665.60 after its ADR surged nearly 5% to $27.29 overnight on the NYSE.

HDFC Bank Limited gained 0.12% to Rs. 1,376.10 after gross NPA improved to 2.05% in Q1 June 2009 as compared with 1.54% in Q1 June 2008.

Ramco Industries Limited spurted 19.99% to Rs. 839.60 on report the company said its board will meet on 23 July 2009 to consider stock-split and issue of bonus shares.

Strides Arcolab Limited spurted 8.21% to Rs. 132.50 on reports the company is exploring stake sale in its businesses that are being hived off into three separate entities.

Oracle Financial Services Software Limited gained 3.17% to Rs. 1,147.00 after the company won an overseas contract for its software product.

Bajaj Auto Limited gained 4.91% to Rs. 1,068.80 on reports the company is likely to raise its stake in Austria''s power bike company KTM Power Sport AG to leverage on the foreign company''s superior expertise in technology and brand name.

Gammon India Limited weaken 7.28% to Rs. 153.55 on reports the Central Government may ban the company, working on the Delhi Metro Project, after a portion of a bridge collapsed on Sunday, 12 July 2009.

Market Firm Due To Global Cues - July 14, 2009

2009-07-14T16:01:00.002+05:30

Market after a gap up opening, the major Indian bourses are trading with fair gains after a heavy loss over the last couple of sessions. The equities of major indices bounced back strongly on account of sharp surge in global markets on the back of some positive economic data from Singapore and Australia. On a stock specific move, Reliance infrastructure is trading higher by over 5%, after news that company could be the front-runner for the Hyderabad metro rail.

During the last hours’ trading session, almost all the sectoral indices are trading in green territory.

Among BSE sectoral indices, Realty, Metal, and Capital Goods (CG) are trading higher by 5.32%, 4.21% and 3.72% respectively.

Overall market breadth is positive. Out of the total 1,973 stocks traded at BSE, 1,495 advanced, 435 declined while 43 remained unchanged.

The BSE Sensex is surged by 303.38 points at 13,703.7 while NSE Nifty up by 94.84 points at 4,068.9.

Besides, the BSE Mid Cap and Small Cap are trading higher by 150.08 points and 166.49 Points to 4,734.7 and 5,224.19 respectively.

Gainers from the BSE Sensex Pack are Reliance Infrastructure surged by (6.97%) to Rs. 1,034, along with DLF Limited by (5.96%) to Rs. 285.35, ICICI Bank by (5.62%) at Rs. 667.30, BHEL by (5.06%) at Rs. 2,061.10, Tata Steel by (4.60%) at Rs. 354.50 and Jaiprakash Associate by (3.98%) at Rs. 184.30.

Gainers from the NSE Nifty Pack are Reliance Infrastructure up by (7.47%) at Rs. 1,036.5 along with Suzlon Energy by (6.85%) at Rs. 85.85, DLF Limited by (6.21%) at Rs. 286.35, Reliance Capital by (6.05%) at Rs. 770.25, Unitech Limited by (6%) at Rs. 68.9 and ICICI Bank Limited by (5.49%) at Rs. 667.7.

BSE Realty is trading higher by (5.32%) or 145.65 points at 2,884. The top gainers in the index are DLF Limited surged by (5.96%) to Rs. 285.35 along with Mahindra Life by (5.73%) to Rs. 240, Unitech Limited by (5.62%) to Rs. 68.65, Indiabulls Real by (5.37%) to Rs. 185.55 followed by Orbit Co by (4.97%) at Rs. 129.85.

BSE Metal is trading higher by (4.21%) or 410.10 points at 10,145.78. The major gainers are JSW SL surged by (6.72%) at Rs. 516.65 along with SAIL by (5.83%) at Rs. 148.85, Hindustan Zinc by (5.76%) at Rs. 577.50 followed by Jai Corp by (4.99%) at Rs.200.05.

Markets Are At A Standstill Trading Lower - July 13, 2009

2009-07-13T15:23:00.001+05:30

The markets are witnessing a little bit of volatility today. The markets managed to recover a bit from the early lows but again slipped off from the day’s high as selling pressure emerged at higher level. However, the selling pressure continued among the Consumer Durables, Realty, Metal, Auto and Power stocks. The IT index today outperformed the benchmark index as it trading higher above 1%.

The BSE Sensex is now trading around the 13,300 mark and the NSE Nifty around the 3,950 mark.

The overall market breadth is negative as 448 stocks are advancing while 2045 stocks are declining in BSE.

Sun Pharmaceuticals reported the top gainer from the BSE Sensex pack, as it is trading up by (1.78%) at Rs. 1,140.85 while Jai Prakash Associate reported the top loser trading down by (6.31%) at Rs. 174.50.

The BSE Sensex is trading down by 173.80 points at 13,330 and the NSE Nifty is trading lower by 49.10 points at 3,954.80.

The BSE Mid Cap decreased by 160.95 points to 4,557.64 and the BSE Small Cap fell by 209.11 points to 5,025.39.

The Consumer Durables index is trading with deep cut of 163.69 points or 5.91% at 2,605.11. Losers from this pack are Rajesh Exports trading lower by 8.85% at Rs. 32.45 along with Blue Star Ltd by 7.33% at Rs. 308, Titan Inds by 6.42% at Rs. 1,090 and Videocon Inds by 5.66% at Rs. 143.45.

The Realty index is trading lower by 148.15 points or 5.21% at 2,697.51. Stock that are trading with deep cut are Ansal Infra trading down by 9.97% at Rs. 42 followed by Penland by 8.78% at Rs. 54, Phoenix Mill by 8.24% at Rs. 87.40, Sobha Developers by 7.46% at Rs. 179.80, Parsvnath by 7.13% at Rs. 72.30, Anant Raj In by 6.14% at Rs. 88.60, India Bull Real by 5.14% at Rs. 172.40 and Orbitco by 4.99% at Rs. 123.70.

The most active shares on NSE are Unitech trading at Rs. 63.65 with a total traded quantity of 67783081 shares followed by Suzlon Energy trading at Rs. 79.46 with a total traded quantity of 38417420 shares.

Sterlite Technologies Limited ("Sterlite"), a leading global provider of transmission solutions is trading lower by 4.92% at Rs. 162.25. The company announced that it has won a contract from BSNL, valued at Rs 372 Crores (US$ 77 Million}, for enabling a Fiber-to-the-Home (FTTH) Network tjased on Gigabit Passive Optical Network (GPON) technology.

Sterlite was awarded a major share of the total outlay project, amongst competition from global players. Sterlite has streamlined its efforts to ensure that the contract is executed within FY10.

On the global markets front, the European markets are now trading mixed as the FTSE 100 and DAX index are trading up by (0.16%) and (0.16%) respectively. However, CAC 40 is trading lower by (0.07%).

Market Comes On After The Near Day To The Ground - July 13, 2009

2009-07-13T15:18:00.004+05:30

Market after a subdued opening, the key benchmark indices recover from the day’s low on selective buying across the indices. The market traded range bound with negative bias on the back of weak global nervousness and lack of clarity on the prospects of an economic rebound hit investor sentiments. Back home, the Finance Minister Pranab Mukherjee on Saturday said that the more steps may be taken by the government to ensure cheaper and adequate availability of funds to the private sector.

However, the high government''s market borrowing for the current financial year led to the fears that the high government''s borrowing will leave little money for the private sector to raise from the market.

The borrowings of the government is projected to be around Rs 4 lakh crore for this financial year in order to fund its high fiscal deficit pegged at 6.8 per cent of GDP.

On the other hand, the finance minister also dismissed the fears about the high fiscal deficit projected in the Budget for 2009-10 by saying that the RBI would be able to manage government borrowing programmes effectively.

On the top of that, the Finance Minister assured that interest rates would not increase in the coming few months due to borrowing programme of the government.

On the sectoral front, out of 13 Indices, 11 indices declined whereas only 2 indices advanced. The Realty and Consumer Durables index face the heat as both are trading with deep cut of more than 5% each.

The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,494 stocks traded so far, 2,018 shares declined while 419 shares advanced. Nearly 57 shares are unchanged.

The BSE Sensex is trading lower by 108.32 points at 13,395.90 whereas NSE Nifty is down by 32.75 points at 3,971.15.

The BSE Mid Cap is trading lower by 147.17 points at 4,571.42 and Small cap is trading down by 193.08 points at 5,041.42.

Losers from the BSE Sensex Pack are JP Associates weakened 6.90% to Rs. 173.40 along with M&M plunged 5.76% to Rs. 654, Reliance Infra by 5.68% to Rs. 971, DLF by 5.03% to Rs. 264.60, Tata Steel by 4.77% to Rs. 336.55 and Maruti Suzuki by 4.73% to Rs. 1,052.50 among others.

Major gainers from the BSE Sensex pack are Sun Pharma Limited inched up 1.98% to Rs. 1,143.05 along with Wipro Limited by 1.26% to Rs. 389.55, Infosys Technologies Limited improved by 1.25% to Rs. 1,748.10, SBI improved 0.93% to Rs. 1,558 and HDFC Limited advanced 0.56% to Rs. 2,211.50 among others.

The BSE Consumer Durables index is trading higher by 174.57 points or 6.30% at 2,594.23. Stocks trading in red are Rajesh Exports declined by 8.01% to Rs. 32.75, Titan Inds by 7.28% to Rs. 1,080, Blue Star by 6.57% to Rs. 310.50 and Videocon Inds by 4.77% to Rs. 144.80.

Sun Pharma improved 1.98% to Rs. 1,143.05. The company and US subsidiary Caraco Pharma have entered into an agreement with Forest Labs and H Lundbeck to settle legal proceedings related to Lexapro tablets.

Wipro Limited advanced 1.26% to Rs. 389.55 on the back of reports that many Israeli hi tech firms are in talks with Indian IT giants like, Wipro, TCS and many others.

Omaxe Limited is trading with deep cut of 5.84% at Rs. 75 despite the announcement by the company that M/s. Pancham Realcon Pvt. Limited, a subsidiary of the Company has entered into Memorandum of Understanding on July 09, 2009 with Allahabad Development Authority for the development of Hi-Tech Township in Allahabad on a proposed area of 1535.12 Acres.

Market Taking Place The Hold Of Stomach - July 13, 2009

2009-07-13T15:13:00.002+05:30

Market after a weak opening, the key benchmark indices continuously trading in negative territory on the back of weak sentiments across the U.S. and Asian markets. Besides, lack of encouraging news in the domestic arena and the lingering concerns about the global economy kept the investors away from taking any fresh positions.

On a stock specific move, Gammon India is trading lower by over 10%, after the collapse of a part of an under construction Delhi Metro line which is the second accident involving the construction company.

During the last hours'' trading session, selling pressure has emerged across all the sectors except IT.

Among the BSE sectoral indices, Consumer Durable (CD), Realty and Metal stocks are the top losers with a sharp decline of 3.92%, 3.61% and 2.94% respectively while some buying interest seen across IT stocks as the index is up by 0.51%.

Overall the market breadth is negative as Out of the total 2,064 stocks traded at BSE, 1,653 declined, 368 advanced while 43 remained unchanged.

The BSE Sensex is down by 197.45 points at 13,306.77 while NSE Nifty declined by 55.54 points at 3,944.55.

Besides, the BSE Mid Cap and Small Cap are trading lower by 149.67 points and 177.93 points at 4,568.92 and 5,056.57 respectively.

Losers from the BSE Sensex Pack are Tata Power declined by (5.37%) to Rs. 1,009.10, along with Jaiprakash Associates by (4.97%) to Rs. 177, Tata Steel by (4.67%) at Rs. 336.90, Hindalco Industries by (4.10%) at Rs. 70.10, Mahindra and Mahindra Limited by (4.03%) at Rs. 666 and DLF Limited by (3.63%) at Rs. 268.50.

Losers from the NSE Nifty Pack are National Aluminium down by (7.04%) at Rs. 253.6 along with Tata power by (5.45%) at Rs. 1,005.6, Siemens Limited by (5.26%) at Rs. 389.1, Suzlon Energy by (5.23%) at Rs. 78.9, Tata Steel by (4.79%) at Rs. 336 and ABB Limited by (4.65%) at Rs. 659.95.

BSE CD is trading lower by (3.92%) or 108.50 points at 2,660.30. The top losers in the index are Rajesh Export declined by (6.04%) to Rs. 33.45 along with Blue Star Limited by (5.13%) to Rs. 315.30, Titan Industries by (4.79%) to Rs. 1,109, Videocon industries by (4.01%) to Rs. 145.95, followed by Gitanjali GE by (2.35%) at Rs. 89.40.

BSE Realty is trading lower by (3.61%) or 102.72 points at 2,742.94. The major losers are Ansal Infras down by (7.72%) at Rs. 43.05 along with Penland Limited by (7.60%) at Rs. 54.70, Mahindra Life by (6.24%) at Rs. 231.50 followed by Omaxe Limited by (6.21%) at Rs. 74.70.

Markets Are Unmoving Trading Higher - July 10, 2009

2009-07-10T15:44:00.001+05:30

The markets gained further grounds and are still trading higher as buying emerged among the IT, Realty, Metal and Capital Goods stocks. The positive sentiments spurred after the IIP data came in better than expected. However, the selling pressure continued among the Oil & Gas and Pharma stocks. The BSE Sensex is now trading around the 13,800 mark and the NSE Nifty around the 4,100 mark.

The overall market breadth is positive as 1340 stocks are advancing while 1125 stocks are declining in BSE.

Wipro reported the top gainer from the BSE Sensex pack, as it is trading up by (4.33%) at Rs. 388.25 while Sun Pharma reported the top loser trading down by (2.70%) at Rs. 1,138.

The BSE Sensex is trading up by 33.36 points at 13,790.82 and the NSE Nifty is trading higher by 12.35 points at 4,093.40.

The BSE Mid Cap increased by 25.74 points to 4,836.53 and the BSE Small Cap grew by 28.32 points to 5,358.04.

The Realty index is trading with gains of 84.36 points at 2,991.14. Gainers from this pack are DLF trading up by 3.57% at Rs288.65 along with Parsvnath by 3.56% at Rs81.55, Indiabull Real by 3.45% at Rs193.30, Unitech by 2.08% at Rs71.30, Ananat Raj In by 1.82% at Rs97.75, Ansal Infra by 1.80% at Rs48.15 and Ackruti by 1.19% at Rs442.

The Metal index is trading higher by 245.99 points or 10,501.83. Leading the rally are Jai Corp trading up by 5.40% at Rs220.65 followed by Jindal Saw by 4.67% at Rs359.50, Sterlite Inds by 3.89% at Rs578.90, SAIL by 3.86% at Rs158.85, Gujarat NRE Coke by 3.26% at Rs39.60, Jindal Steel and Power by 2.90% at Rs2609 and JSW Steel by 2.88% at Rs542.40.

The most active shares on NSE are Unitech trading at Rs 70.90 with a total traded quantity of 67747915 shares followed by Suzlon Energy trading at Rs.88.40 with a total traded quantity of 47610848 shares.

McNally Bharat Engineering Company Limited is trading flat at Rs130.25. The company has received 2 orders for Design, Engineering, Manufacturing, Testing, Erection and Commissioning of Ash Handling System for 2X600 MW Mahan and Salaya Essar Power Projects for Rs 69 crores and Rs 24 Crores respectively.

The contractual period of completion for Mahan Essar Power Project is 16 months and for Salaya Essar Power Project is 14 months.

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 (0.28%), (0.10%) and (0.47%) respectively.

Market Strengthen On Better Than Expected IIP Data - July 10, 2009

2009-07-10T15:40:00.001+05:30

The markets opened on a subdued note due to lack of cues from the Asian markets. Better than expected IIP data 2.7% in May though the growth is much lower than the 4.4% recorded in the corresponding month last year, holing the market above base line. Sentiments are feeble across the broader level as there is no specific news to guide the markets. The benchmark indices are hovering around the base line since the morning bell.

The better-than-expected Q1 results from Infosys before trading hours helped the markets open in a positive note.

On the sectoral front, out of 13 Indices, 9 indices advanced whereas 4 indices declined. Oil stocks were fragile as crude oil fell as the dollar gained against major currencies reducing the appeal of commodities to investors as a hedge against inflation.

IT stocks advanced on better-than-expected Q1 June 2009 results from Infosys Technologies Limited. Auto stocks gained on retention of lower excise duties in the Budget.

The Market breadth, indicating the overall strength of the market, was positive. On BSE, out of 2,456 stocks traded so far, 1,231 shares advanced while 1,128 shares declined. Nearly 97 shares are unchanged.

The BSE Sensex is trading higher by 3.89 points at 13,761.36 whereas NSE Nifty is up by 7.40 points at 4,088.35.

The BSE Mid Cap is trading higher by 31.77 points at 4,842.57 and Small cap is trading up by 33.53 points at 5,363.26.

Major gainers from the BSE Sensex pack are Sterlite Industries Limited surged 4.45% to Rs. 582.00 along with Wipro Limited 4.39% to Rs. 388.50, Infosys Technologies Limited improved 2.99% to Rs. 1,726.90, DLF Limited improved 2.98% to Rs. 287.00, Tata Motors Limited advanced 2.77% to Rs. 279.85, ICICI Bank Limited improved 2.13% to Rs. 650.00 and TCS Limited gained 1.94% to Rs. 396.15 among others.

Losers from the BSE Sensex Pack are Mahindra & Mahindra Limited weaken 2.35% to Rs. 705.10 along with Jaiprakash Associates Limited plunged 2.20% to Rs. 193.00, Housing Development Finance Co 1.98% to Rs. 2,261.00, Tata Power Limited by 1.82% to Rs. 1,079.50, Sun Pharmaceuticals Limited by 1.74% to Rs. 1,149.30, Reliance Infrastructure Limited 1.54% to Rs. 1,084.00 and Bharti Airtel Limited slipped 1.36% to Rs. 788.95 among others.

The BSE IT is higher by 85.72 points or 2.74% at 3,213.94. Stocks trading in green are HCL Technologies surged 5.65% to Rs. 186.00, Wipro Limited 4.39% to Rs. 388.50, Rolta 3.55% to Rs. 113.90, Infosys Technologies Limited improved 2.99% to Rs. 1,726.90 and Tech Mahindra 2.39% to Rs. 711.90 among others.

Infosys Technologies Limited improved 2.99% to Rs. 1,726.90 after the company reported better-than-expected Q1 June 2009 results before trading hours.

Tata Motors Limited advanced 2.77% to Rs. 279.85 after the company''s top management in a television interview said the company is on its way to recovery.

Dabur India Limited gained 1.79% to Rs. 130.65 after a block deal of five lakh shares was executed on NSE at Rs 131 per share.

Mahindra Satyam Limited zoomed 5.75% to Rs. 77.20 after the company signed a five-year multi-million dollar deal with UK-based GlaxoSmithKline to provide SAP and other critical systems support.

Hindustan Construction Company Limited improved 1.08% to Rs. 102.95 after the company bagged an order worth Rs. 387.50 crore.

Aegis Logistics Limited fell 0.29% to Rs. 122.00 despite the company''s board of directors approved a share buy back proposal aggregating Rs. 16.72 crore

Praj Industries Limited plunged 2.83% to Rs. 80.70 despite net profit rose 2.34% to Rs 25.33 crore in Q1 June 2009 over Q1 June 2008.

Punj Lloyd Limited gained 4.00% to Rs. 193.70 its joint venture company in Saudi Arabia bagged an order worth Rs. 1,210 crore.

Markets On Top Of Sensex Slips A Go Up And Down - July 10, 2009

2009-07-10T15:35:00.003+05:30

Market after starting off with a positive bias due to better than expected quarterly result of Infosys, the key bench market indices have erased early gains and have slipped sharply from day''s high. Most of the investors are trading on a cautious note and waiting for the announcement of economic data, which would help them to take any fresh positions. On a stock specific news, Visa steel is trading higher by over 9% after an announcement that company is planning to invest Rs 1,000 crore for adding 275 MW capacity to its 50 MW power plant in Orissa over the next three years.

During the last hours'' trading session, buying interest has emerged across IT, Realty and TECk stocks while selling pressure has seen across Oil & Gas, Consumer Duarble (CD) and PSU counters.

Among the BSE sectoral indices IT, Realty and TECk stocks surged by 2.78%, 2.18% and 1.33% respectively, while the Oil & Gas, CD and PSU indices dipped by 0.46%, 0.27% and 0.12% respectively.

Out of the total 1,958 stocks traded at BSE, 1,010 Advanced, 877 declined while 71 remained unchanged.

The BSE Sensex down by 13.65 points at 13,743.5 while NSE Nifty declined by 3.09 points at 4,077.85.

Besides, the BSE Mid Cap and Small Cap are trading higher by 30.28 points and 34.04 points at 4,841.08 and 5,363.77 respectively.

Losers from the BSE Sensex Pack are Jaiprakash Associate down by (2.41%) to Rs. 192.60, along with HDFC Bank by (1.84%) to Rs. 1,374, HDFC by (1.80%) to Rs. 2,265.15, Tata Power by (1.77%) at Rs. 1,080.10, Mahindra and Mahindra Limited by (1.67%) at Rs. 710, and Hero Honda by (1.59%) at Rs.1,454.

Losers from the NSE Nifty Pack are BPCL decreased by (2.66%) at Rs. 460, along with Sun Pharmaceutical industries by (2.03%) at Rs. 1,149.9, Tata Power by (2.03%) at Rs. 1,076.8, HDFC by (1.99%) at Rs. 2,261, Gail India by (1.93%) at Rs. 318.35 and Ranbaxy Lab by (1.93%) at Rs. 249.2.

BSE Oil & Gas is trading lower by (0.46%) or 40.98 points at 8,781.95. The top losers are ONCG declined by (1.70%) at Rs. 982 along with Indian oil by (0.99%) at Rs. 560, Reliance Petroleum by (0.98%) to Rs. 115.85, RIL by (0.62%) at Rs. 1,840.80 followed by Gail India by (0.60%) at Rs. 322.45.

BSE IT is trading higher by (2.78%) or 87.02 points at 3,215.24. The top gainers in the index are HCL Tech surged by (5.94%) to Rs. 186.50 along with Wipro Limited by (3.99%) to Rs. 387, Rolta India by (3.64%) to 114, Tech Mahindra by (3.18%) to Rs. 717.40 followed by Moser Baer by (2.77%) to Rs. 72.30.

Markets Gained Promote Foundation - July 09, 2009

2009-07-09T16:20:00.001+05:30

The markets gained further grounds and are trading higher as buying emerged among the Metal, Realty, Oil & Gas and FMCG stocks. Further the positive opening of the European markets also booted the sentiments. However, the selling pressure continued among the Consumer Durables and select Capital Goods and Auto stocks. The BSE Sensex is now trading above the 13,800 mark and the NSE Nifty above the 4,100 mark.

The overall market breadth is negative as 1063 stocks are advancing while 1367 stocks are declining in BSE.

Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is trading up by (3.19%) at Rs. 200.65 while Mahindra & Mahndra reported the top loser trading down by (3.39%) at Rs. 711.95.

The BSE Sensex is trading up by 56.29 points at 13,825.44 and the NSE Nifty is trading higher by 20.50 points at 4,099.40.

The BSE Mid Cap increased by 50.05 points to 4,832.89 and the BSE Small Cap grew by 20.25 points to 5,357.60.

The Metal index is trading with gains of 251.40 points or 2.49% at 10,352.56. Gainers from this pack are Jindal Steel and Power trading up by 5.79% at Rs2570.05 along with Hind Zinc by 4.98% at Rs582.35, Welspun Guj by 4.28% at Rs192.55, Gujarat NRE Coke by 4.09% at Rs38.15, SAIL by 3.33% at Rs152, Sterlite Industries by 3.27% at Rs563.90, Sesa Goa by 2.28% at Rs192.95 and Tata Steel by 1.20% at Rs366.90.

The Realty index is trading higher by 44.04 points or 1.51% at 2,956.67. Leading the rally are Unitech trading up by 5% at Rs71.45 along with Indiabull Real by 3.26% at Rs191.90, HDIL by 3.06% at Rs206.90, Ansal Infra by 1.80% at Rs48, Akruti by 1.15% at Rs445.20, Mahindra Life by 0.81% at Rs261 and DLF by 0.47% at Rs285.80.

The most active shares on NSE are Unitech trading at Rs 71.30 with a total traded quantity of 163919857 shares followed by Suzlon Energy trading at Rs.88.35 with a total traded quantity of 51820170 shares.

Moser Baer India Limited is trading lower by 1.71% at Rs72. The company has posted a net loss of Rs (1508.80) million for the year ended March 31, 2009 as compared to net loss of Rs (789.10) million for the year ended March 31, 2008. Total Income has increased from Rs 20017.30 million for the year ended March 31, 2008 to Rs 23249.10 million for the year ended March 31, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.72%), (1.31%) and (0.86%) respectively.

Market Traded Broken Up - July 09, 2009

2009-07-09T16:17:00.001+05:30

The key benchmark indices traded choppy after swinging between the positive and negative terrain over apprehensions of India''s annual monsoon and possible downgrade of the country''s sovereign rating by rating agencies due to high fiscal deficit. Also weak global cues led by fragile data from US market and dampening crude oil prices resulted slide in domestic market. On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices declined. Oil stocks were mixed on sharp slide in crude oil prices.

Metal stocks advanced despite LMEX, a measure of six metals traded on the London Metal Exchange, fell 3.76% overnight.

FMCG Stocks gained as the government thrust on the agriculture sector in Union Budget 2009-10. Bank stocks weaken as the expectations were not fulfilled from Budget.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,429 stocks traded so far, 1,061 shares advanced while 1,292 shares declined. Nearly 76 shares are unchanged.

The BSE Sensex is trading higher by 54.02 points at 13,823.17 whereas NSE Nifty is up by 21.75 points at 4,100.65.

The BSE Mid Cap is trading higher by 42.85 points at 4,825.69 and Small cap is trading up by 12.60 points at 5,349.96.

Major gainers from the BSE Sensex pack are Sun Pharmaceutical Limited surged 2.95% to Rs. 1,175.95 along with Reliance Infra Limited 2.64% to Rs. 1,103.10, Sterlite Industries Limited gained 2.55% to Rs. 560.00, Jaiprakash Associates Limited improved 2.37% to Rs. 199.05, State Bank of India Limited advanced 2.21% to Rs. 1,622.00, TCS Limited improved 1.89% to Rs. 387.25 and Reliance Industries Limited gained 1.81% to Rs. 1,862.50 among others.

Losers from the BSE Sensex Pack are Tata Motors Limited weaken 3.56% to Rs. 271.15 along with Mahindra & Mahindra Limited plunged 3.13% to Rs. 713.85, BHEL Limited 1.70% to Rs. 2,012.00, ICICI Bank Limited by 1.66% to Rs. 643.70, Larsen & Toubro Limited by 0.86% to Rs. 1,401.00, Grasim Industries Limited 0.84% to Rs. 2,425.00 and ONGC Limited slipped 0.43% to Rs. 1,004.80 among others.

The BSE Realty is higher by 62.24 points or 2.14% at 2,912.63. Stocks trading in green are Indiabulls Realty surged 5.46% to Rs. 196.00, Ackruti 3.84% to Rs. 457.05, Unitech Limited 2.72% to Rs. 69.90, Anant Raj by 1.28% to Rs. 99.00 and Housing Development 1.02% to Rs. 202.80 among others.

Indian Overseas Bank Limited gained 2.14% to Rs. 81.00 after a block deal of eight lakh shares was executed on NSE at Rs. 80 per share.

Tata Motors Limited weaken 3.56% to Rs. 271.15 following a 6.94% plunge in its American depository receipt overnight NYSE.

Educomp Solutions Limited surged 10.74% to Rs. 3,812.00 after the company said its board has approved raising funds upto Rs 606.69 crore through qualified institutional placement.

Mahindra Satyam Limited improved 4.12% to Rs. 73.35 on reports the company has received an approval from the Company Law Board to issue shares to Venturbay Consultants, a subsidiary of Tech Mahindra, on preferential basis.

MIC Electronics Limited gained 1.52% to Rs. 33.35 after the company entered into an agreement with Indian Oil Corporation for marketing solar light-emitting diode lantern through the latterâ€™s retail outlets.

DLF Limited gained 0.72% to Rs. 286.50 on buzz the company has sold its stake in an equal joint venture with Ackruti City to a US-based real estate fund for over Rs. 200 crore.

Market A Marginal Higher Opening On Benchmark Indices - July 09, 2009

2009-07-09T16:13:00.002+05:30

After a marginal higher opening, the benchmark indices witnessed a cautious trend with negative bias amid volatility into major Asian bourses. Further, the profit booking pressure has crept in across the broader level due to lack of encouraging news in the domestic arena. Besides, inflation data is scheduled to be announced later today. On a stock specific move, MIC Electronics is trading higher by over 2%, after company signed a MoU with Indian Oil Corporation for marketing of Solar LED Lantern.

During the last hours'' trading session, buying interest has emerged across Metal, FMCG and Oil & Gas sectors, while selling pressure has seen across Realty, Banking and Capital Goods (CG) counters.

Among the BSE sectoral indices, Metal, FMCG and Oil & Gas stocks surged by 1.56%, 1.27% and 1.18% respectively, while BSE Realty, Bankex and CG dipped by 3.02%, 1.46% and 0.99% respectively. Overall the market breadth is negative as 1,220 stocks are trading in red while 787 stocks are in green.

The BSE Sensex is down by 82.2 points at 13,686.95 while NSE Nifty declined by 25.54 points at 4,053.35.

Besides, the BSE Mid Cap and Small Cap are also trading lower by 24.37 points and 41.85 points at 4,758.47 and 5,295.5 respectively.

Losers from the BSE Pack are ICICI Bank down by (4.29%) at Rs. 626.50 along with Tata motors by (4.23%) at Rs. 269.25, Mahindra and Mahindra Limited by (3.11%) at Rs. 714, DLF Limited by (2.97%) at Rs. 276, BHEL by (2.86%) at Rs. 1,988.10 and L&T by (2.41%) at Rs. 1,379.15.

Losers from the NSE Sensex Pack are Unitech Limited declined by (8.77%) to Rs. 62.45, along with Axis Bank by (4.45%) to Rs. 751.5, ICICI Bank by (4.37%) at Rs. 624.55, Tata Motors by (4.12%) at Rs. 269.7, Suzlon Energy by (3.84%) at Rs. 83.9 and Mahindra and Mahindra Limited by (2.71%) at Rs. 717.4.

BSE Realty is trading lower by (3.02%) or 87.90 points at 2,824.73. The major losers are Sobha Dev declined by (10.24%) at Rs. 190.60 along with Unitech Limited by (8.16%) at Rs. 62.50, Parsvnath by (5.55%) at Rs. 71.45, Omaxe Limited by (4.71%) at Rs. 78.85 followed by Orbit Co by (4.57%) at Rs. 131.70.

BSE Bankex is trading lower by (1.46%) or 109.47 points at 7,376.06. The top losers in the index are ICICI Bank declined by (4.29%) to Rs. 626.50 along with Axis Bank by (3.90%) to Rs. 753.05, Kotak Bank by (3%) to Rs. 552.50 followed by Federal Bank by (2.67%) at Rs. 219.

Markets Are At A Standstill Trading Lower - July 08, 2009

2009-07-08T15:23:00.001+05:30

The markets managed to gain some grounds from the sessions lows but are still trading lower. Further the negative opening of the European markets turned down the sentiments. The selling pressure continued among the Realty, Capital Goods, Banking and Metal stocks. The broader market indices still remained under pressure as investors are still remained bearish to enter fully into the market.

The BSE Sensex is now trading below the 13,900 mark and the NSE Nifty around the 4,100 mark.

The overall market breadth is negative as 585 stocks are advancing while 1866 stocks are declining in BSE.

ACC reported the top gainer from the BSE Sensex pack, as it is trading up by (4.92%) at Rs. 800 while Tata Steel reported the top loser trading down by (7.44%) at Rs. 368.50.

The BSE Sensex is trading down by 296.55 points at 13,873.90 and the NSE Nifty is trading lower by 83.30 points at 4,118.85.

The BSE Mid Cap decreased by 121.45 points to 4,842.89 and the BSE Small Cap fell by 133.08 points to 5,411.19.

The Realty index is trading with deep cut of 175.49 points or 5.51% at 3,006.65. Losers from this pack are Unitech trading lower by 9.63% at Rs68.95 along with Indiabull Real by 7.29% at Rs190.90, Omaxe by 6.52% at Rs84.65, Parsvnath by 6.48% at Rs77.20, Ansal Infra by 6.24% at Rs48.80, DLF by 5.29% at Rs291.80, HDIL by 5.27% at Rs204, Orbitco by 4.79% at Rs138.05 and Mahindra Life by 4.62% at Rs258.

The Capital Goods index is trading down by 453.82 points or 3.69% at 11,848.03. Leading from the loser''s pack are Elecon Eng trading lower by 9.42% at Rs61.05 followed by Suzlon Energy by 7.85% at Rs89.80, Siemens by 5.42% at Rs433.50, Praj Industries by 5.29% at Rs83.25, Reliance industrial infra by 4.98% at Rs851.30, ABB by 4.54% at Rs717.90, Lakshmi Machines by 4.39% at Rs840 and Bhel by 3.48% at Rs2,062.

The most active shares on NSE are Unitech trading at Rs 69.50 with a total traded quantity of 85649363 shares followed by Suzlon Energy trading at Rs.89.60 with a total traded quantity of 48329519 shares.

Tata Steel is trading lower by 6.79% at Rs371.05. The company has announced that in the month of June 2009 it has achieved a significant growth in its hot metal as well crude steel and saleable steel production over the same month last year.

The company has reported 19% growth in sales volume to 4.97 lakh tonnes as against 4.19 lakh tonnes in the same month previous year.

In line with this, the sales volume rose 22% to 14.18 lakh tonnes in the first quarter of FY10 as 11.59 lakh tonnes in first quarter of FY09.

The production of hot metal, crude steel and saleable steel in June this year grew by 16%, 21% and 38%, respectively, over June, 2008.

Also, the company has posted 30% growth in long product sales and 12% rise in flat product sales over June 2008.

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 (0.20%), (0.16%) and (0.91%) respectively.

Markets Plunged On Weak Global Cues - July 08, 2009

2009-07-08T15:18:00.002+05:30

The key benchmark indices plunged after tumbling sharply on weak global cues lingered by lower Asian stocks and overnight pullback in US stocks. The market has pared some early losses on reports that the government will have a disinvestment plan in three months to bridge the high fiscal deficit which is mounting heavily.

The government has set a target of Rs. 1,120 crore from divestment during financial year ending March 2010 in the Union Budget 2009-2010. Meanwhile, selling by foreign funds weighed on the investors sentiments.

On the sectoral front, all 13 Indices shrunk. Oil stocks came under pressure as crude oil fell to a six-week low on overnight on speculation that a US government report will show rise in weekly US crude inventories as the recession cut demand.

Bank stocks fell as government skipped financial sector reforms in the Budget which were high. Capital goods and construction stocks slipped despite Budget laid a major emphasis on infrastructure development.

Cement stocks gained as a thrust on the infrastructure sector in the Budget may boost cement demand.

Metal stocks plunged after LMEX, a measure of six metals traded on the London Metal Exchange, fell 1.18% overnight.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,442 stocks traded so far, 482 shares advanced while 1,900 shares declined. Nearly 60 shares are unchanged.

The BSE Sensex is trading lower by 251.80 points at 13,918.64 whereas NSE Nifty is down by 91.40 points at 4,112.55.

The BSE Mid Cap is trading lower by 126.92 points at 4,837.42 and Small cap is trading down by 145.37 points at 5,398.89.

Major gainers from the BSE Sensex pack are ACC Limited surged 3.32% to Rs. 787.80 along with Tata Motors Limited 2.89% to Rs. 287.95, Grasim Industries Limited gained 2.46% to Rs. 2,476.00, Hindalco Industries Limited improved 1.22% to Rs. 79.00, Maruti Suzuki India Limited advanced 0.75% to Rs. 1,079.95, NTPC Limited improved 0.60% to Rs. 194.20 and Reliance Industries Limited gained 0.53% to Rs. 1,865.20 among others.

Losers from the BSE Sensex Pack are Tata Steel Limited plunged 6.61% to Rs. 371.80 along with Sterlite Industries by 5.55% to Rs. 562.90, ICICI Bank Limited 4.96% to Rs. 660.50, Reliance Infrastructure Limited by 4.75% to Rs. 1,101.25, DLF Limited by 4.74% to Rs. 293.50, Larsen & Toubro Limited 3.80% to Rs. 1,443.80, State Bank of India Limited 3.02% to Rs. 1,587.00 and Housing development finance corporation Limited slipped 2.97% to Rs. 2,294.00 among others.

The BSE Realty is lower by 209.69 points or 6.59% at 2,972.45. Stocks trading in red are Unitech Limited plunged 10.75% to Rs. 68.10, Indiabulls Realty Limited 7.14% to Rs. 191.20, Omaxe Limited 6.74% to Rs. 84.45, Parsvnath by 6.72% to Rs. 77.00 and Ansal Infrastructure 6.53% to Rs. 48.65 among others.

Hindustan Unilever Limited fell 1.59% to Rs. 269.35 after a block deal of 1.99 lakh shares was executed on NSE at Rs. 273 per share. TRF Limited plunged 3.18% to Rs. 776.00 on profit taking after a recent sharp surge.

Reliance Industries Limited gained 0.53% to Rs. 1,865.20 despite the Supreme Court yesterday declined to stay the Bombay High Court''s verdict.

Sun Pharmaceuticals Industries Limited gained 0.01% to Rs. 1,143.50 after receiving approval from the US Food and Drug Administration to launch generic version of AstraZeneca Plc''s prostate cancer drug Casodex.

Cairn India Limited fell 4.30% to Rs. 210.35 after the crude oil prices dropped nearly 2% on the New York Mercantile Exchange on overnight.

Market Is On The Edge In Negative Territory - July 08, 2009

2009-07-08T15:13:00.002+05:30

Market after a subdued start, the key benchmark indices plunged deep down into the red on the back of weakness in global stocks on concerns over economic recovery. The domestic traders are trading cautiously after Finance Minister Pranab Mukherjee said that heavy borrowing by the government would hurt some private companies who wanted to raise funds.

On a stock specific news, Sun Pharmaceutical Limited is trading higher by 0.4% after it received approval from the US Food and Drug Administration to launch generic version of AstraZeneca Plc''s prostate cancer drug Casodex.

During the last hours'' trading session, almost all the sectoral indices are trading with negative sentiments.

Among the BSE sectoral indices, Realty, Bankex and Metal stocks drastically declined by 7.16%, 4.54% and 3.98% respectively.

Out of the total 2,139 stocks traded at BSE, 1,749 declined, 338 advanced while 52 remained unchanged.

The BSE Sensex is down by 333.71 points at 13,836.73 while NSE Nifty declined by 103.55 points at 4,098.6.

Besides, the BSE Mid Cap and Small Cap are trading lower by 155.37 points and 178.24 points at 4,808.97 and 5,366.02 respectively.

Losers from the BSE Sensex Pack are Tata Steel declined by (6.68%) to Rs. 371.50, along with Sterlite Industries by (6.46%) to Rs. 557.50, DLF Limited by (6%) at Rs. 289.60, ICICI Bank by (5.90%) at Rs. 654, Reliance infra by (4.77%) at Rs. 1,101.05 and TCS Limited by (4.63%) at Rs. 371.

Losers from the NSE Nifty Pack are Unitech Limited down by (10.32%) at Rs. 68.65 along with Suzlon Energy by (8.25%) at Rs. 89.5, DLF Limited by (6.05%) at Rs. 289.7, Sterlite Industries by (6.04%) at Rs. 557, Tata Steel by (5.98%) at Rs. 372.8 and ICICI Bank by (5.86%) at Rs. 654.15.

BSE Realty is trading lower by (7.16%) or 227.87 points at 2,954.27. The top losers in the index are Unitech Limited declined by (9.83%) to Rs. 68.80 along with Ansal Infras by (7.40%) to Rs. 48.20, Indiabul Real by (7.09%) to Rs. 191.30, Omaxe Limited by (6.68%) to Rs. 84.50, followed by Parsvnath by (6.42%) at Rs. 77.25.

BSE Bankex is trading lower by (4.54%) or 354.56 points at 7,450.10. The major losers are Canara Bank down by (6.65%) at Rs. 246.90 along with ICICI Bank by (5.90%) at Rs. 654, Kotak Bank by (5.89%) at Rs. 565 followed by IDBI Bank Limited by (5.81%) at Rs. 93.95.

Markets Are Trading In A Contracted Series - July 07, 2009

2009-07-07T16:11:00.001+05:30

The markets are still trading higher with a narrow range. The investors are now actively participating in the markets today and want to bet safely. Further the positive opening of the European markets failed to cheer the investor’s sentiments today. The significant buying is seen among the FMCG, Auto, Capital Goods and Consumer Durables stocks. However, Metal, Oil & Gas and Realty stocks are still remained under pressure.

The BSE Sensex is now trading above the 14,100 mark and the NSE Nifty around the 4,200 mark.

The overall market breadth is negative as 903 stocks are advancing while 1549 stocks are declining in BSE.

ITC reported the top gainer from the BSE Sensex pack, as it is trading up by (6.55%) at Rs. 210.75 while ONGC reported the top loser trading down by (2.81%) at Rs. 1,040.25.

The BSE Sensex is trading up by 169.97 points at 14,213.37 and the NSE Nifty is trading higher by 43.20 points at 4,208.90.

The BSE Mid Cap increased by 29.02 points to 4,947.90 while the BSE Small Cap fell by 38.97 points to 5,523.90.

The FMCG index is trading with gains of 85.49 points or 3.70% at 2,397.98. Gainers from this pack are Marico Limited trading up by 7.50% at Rs76.70 along with ITC by 6.93% at Rs211.50, United Spirits by 4.41% at Rs867.35, Godrej Cons by 4.29% at Rs170.05, Britannia by 2.50% at Rs1610 and Colgate Palmolive by 2.45% at Rs624.

The Auto index is trading up by 160.41 points or 3.60% at 4,620.37. Leading the rally are Exide Inds trading up by 6.56% at Rs68.25 followed by Hero Honda Motors by 5.70% at Rs1436.10, Mahindra and Mahindra by 5.28% at Rs747.90, Bajaj Auto by 3.41% at Rs988 and Ashok Leyland by 2.56% at Rs30.05.

The most active shares on NSE are Unitech trading at Rs 75.55 with a total traded quantity of 48358121 shares followed by Suzlon Energy trading at Rs.97.25 with a total traded quantity of 37299307 shares.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.40%), (0.33%) and (0.26%) respectively.

Markets Are Trading Collection Bound - July 07, 2009

2009-07-07T16:07:00.003+05:30

Market after positive gap opening, the key benchmark indices are now trading range bound as investors are little cautious after the disappointing budget. The market rebound a little on the back of positive movement in Asian equities. Lack of any aggressive economic reforms in the Union Budget 2009-2010 had lingered sharp slide on the Index Pivotals amid heavy volumes yesterday. Lack of financial sector reforms and a clear roadmap on divestment were other sources of dissatisfaction.

On the sectoral front, out of 13 Indices, 6 indices advanced whereas 7 indices declined. Oil stocks fell after crude oil prices plunged over 4% on the New York Mercantile Exchange overnight.

Metal stocks slipped as Finance Minister did not announced measures to safeguard the domestic industry against cheap imports in the budget.

IT Stocks gained as the Finance Minister extended reduction in respect of export profits under the Software Technologies Parks of India (STPI) scheme available under sections 10A and 10B of the income-tax Act till the fiscal year 2010-11.

FMCG stocks surged as the Finance Minister repeated the government''s thrust on the agriculture sector.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,449 stocks traded so far, 827 shares advanced while 1,543 shares declined. Nearly 79 shares are unchanged.

The BSE Sensex is trading higher by 55.98 points at 14,099.39 whereas NSE Nifty is up by 20.95 points at 4,186.65.

The BSE Mid Cap is trading lower by 21.17 points at 4,897.71 and Small cap is trading down by 69.60 points at 5,493.26.

Major gainers from the BSE Sensex pack are ITC Limited surged 6.42% to Rs. 210.50 along with Maruti Suzuki Limited 4.96% to Rs. 1,086.30, Grasim Industries Limited gained 4.95% to Rs. 2,411.00, Hero Honda Motors Limited improved 4.61% to Rs. 1,421.25, Mahindra & Mahindra Limited advanced 4.59% to Rs. 743.00, Jaiprakash Associates Limited jumped 3.57% to Rs. 200.00, ICICI Bank Limited gained 3.39% to Rs. 1,701.00., Larsen & Toubro Limited gained 2.74% to Rs. 1,504.10 and Bharti Airtel improved 2.68% to Rs. 804.60 among others.

Losers from the BSE Sensex Pack are Reliance Industries plunged 2.36% to Rs. 1,849.00 along with Tata Motors by 2.17% to Rs. 277.20, Reliance Communication Limited 2.12% to Rs. 263.70, ONGC Limited by 1.95% to Rs. 1,049.50, Hindalco Industries by 1.60% to Rs. 76.90, Tata Power Limited 1.33% to Rs. 1,087.00, NTPC Limited 1.03% to Rs. 192.00 and State Bank of India Limited slipped 0.80% to Rs. 1,641.70 among others.

The BSE FMCG is higher by 85.70 points or 3.71% at 2,398.19. Stocks trading in green are Marico Limited gained 8.55% to Rs. 77.45, ITC Limited 6.42% to Rs. 210.50, United Sprits 5.09% to Rs. 873.00, Godrej Cons by 3.65% to Rs. 169.00 and Britania In 3.00% to Rs. 1,618.00 among others.

Cairn India Limited shrunk 1.41% to Rs. 216.05 after crude oil prices plunged over 4% on the New York Mercantile Exchange overnight.

Maytas Infra Limited fell 1.59% to Rs. 64.80 despite the Karnataka state government awarded two Greenfield airport projects to the company.

Roman Tarmat Limited shouted up 6.95% to Rs. 39.25 after the company bagged an order worth Rs. 24.58 crore.

Ambuja Cements Limited gained 3.21% to Rs. 90.00 after a block deal of five lakh shares was executed on NSE at Rs 88.50 per share.

Reliance Industries Limited slump 2.34% to Rs. 1,849.30 after the government increased the rate of minimum alternate tax to 15% from 10%.

ITC Limited zoomed 6.42% to Rs. 210.50 after the government left taxes on cigarettes untouched in the Union Budget 2009-2010.

Market Turns Broken Up After A Positive Opening - July 07, 2009

2009-07-07T16:04:00.002+05:30

After a gap up opening, the domestic markets are trading volatile with weak trading sentiments around the corner. The frontline stocks are facing extreme pressure in the high level on the back of concerns over a large budget deficit. On a stock specific news, Roman Tarmat Limited is trading higher by 8% after it bagged Rs 24.58 crore order for Widening to six lanes and strengthening of Taramani Link road.

During the last hours'' trading session, buying interest has emerged across FMCG, Auto and Capital Goods (CG) sectors while selling pressure emerged across PSU, Oil & Gas and Metal counters.

Among the BSE sectoral indices, FMCG, Auto and CG stocks gained by 5.11%, 3.31% and 1.81% respectively, while PSU, Oil & Gas and Metal stocks down by 1.48%, 1.32% and 1.18% respectively.

Overall the market breadth is negative as 1,225 stocks are trading in red while 788 stocks are in green.

The BSE Sensex is up by 105.71 points at 14,149.11 while NSE Nifty surged by 30.95 points at 4,196.65.

Besides, the BSE Mid Cap is marginal up by 2.71 at 4,921.59, while Small Cap is trading lower by 47.71 points at 5,515.15 respectively.

Gainers from the BSE Sensex Pack are ITC Limited surged by (6.70%) to Rs. 211.05, along with Maruti Suzuki by (5.79%) to Rs. 1,094.90, Mahindra and Mahindra Limited by (4.03%) at Rs. 739, Grasim Industries by (3.52%) at Rs. 2,378.05, ICICI Bank by (3.16%) at Rs. 699.45 and Hindustan Unilever Limited by (2.97%) at Rs. 284.10.

Gainers from the NSE Nifty Pack are ITC Limited up by (7.23%) at Rs. 212 along with Maruti Suzuki by (5.82%) at Rs. 1,098, Gail India by (5.78%) at Rs. 333, Mahindra and Mahindra by (4.05%) at Rs. 740.5, Hindustan Unilever Limited by (3.56%) at Rs. 284.7 and Ambuja Cements by (3.39%) at Rs. 90.05.

BSE FMCG is trading higher by (5.11%) or 118.23 points at 2,430.72. The top gainers in the index are ITC Limited surged by (6.70%) to Rs. 211.05 along with Marico Limited by (6.52%) to Rs. 76, United Spirits by (4.37%) to Rs. 867 followed by Godrej Consumer by (3.96%) at Rs. 169.5.

BSE Auto is trading higher by (3.31%) or 147.47 points at 4,607.43. The major gainers are Exide Industries up by (7.26%) at Rs. 68.70 along with Maruti Suzuki Limited by (5.79%) at Rs. 1,094.90, Bajaj auto by (5.19%) at Rs. 1,005.05 followed by Mahindra and Mahindra Limited by (4.03%) at Rs. 739.

Markets Lost Further Grounds - July 06, 2009

2009-07-06T16:39:00.001+05:30

The markets lost further grounds and are now trading near the day’s low. The Union Budget failed to provide enthuse the investor’s sentiments today. Finance Minister Pranab Mukherjee withdrew fringe benefit tax (FBT) and abolished the commodities transaction tax (CTT). He also kept the corporate tax unchanged and increased the minimum alternate tax to 15% from 10% of book profit.

The budget focuses more on infrastructure growth. The significant selling witnessed among the Banking, Capital Goods, Metal and Power stocks.

The BSE Sensex is now trading below the 14,100 mark and the NSE Nifty below the 4,200 mark.

The overall market breadth is negative as 624 stocks are advancing while 1848 stocks are declining in BSE.

ITC reported the top gainer from the BSE Sensex pack, as it is trading up by (3.96%) at Rs. 199.40 while Reliance Infra reported the top loser trading down by (11.09%) at Rs. 1,149.

The BSE Sensex is trading down by 828.13 points at 14,084.74 and the NSE Nifty is trading lower by 253.75 points at 4,170.50.

The BSE Mid Cap decreased by 222.71 points to 4,964.51 and the BSE Small Cap fell by 206.75 points to 5,618.20.

The Finance Minister has announced a reduction in the customs duty on LCD television sets to 5 percent from 10 percent currently, in the budget 2009-10 on Monday.

The Metal index is trading with losses of 743.29 points at 10,560.05. Losers from this pack are Tata Steel trading down by 9.03% at Rs398.70 along with Ispat Industries by 7.31% at Rs20.30, Jindal Steel by 7.22% at Rs2,439.90, Hind Zinc by 6.68% at Rs562, SAIL by 6.35% at Rs151.25, Hindalco Inds by 5.73% at Rs78.95, Sesa Goa by 4.88% at Rs178.20, Welspun Guj by 4.86% at Rs187.90, NMDC by 4.59% at Rs344 and Gujarat NRE Coke by 4.61% at Rs40.35.

The Capital Goods index is trading lower by 821.41 points at 12,191.65. Scrips that are trading with deep cut are Punj Lloyd trading down by 10.56% at Rs197.25 followed by Areva by 9.13% at Rs315.50, L&T by 8.01% at Rs1,479, Bharat Bijli by 7.78% at Rs797, Alstom Projects by 6.61% at Rs445.10, ABB by 6.01% at Rs737 and SKF India by 5.15% at Rs242.

The most active shares on NSE are Unitech trading at Rs 76.45 with a total traded quantity of 69435878 shares followed by Suzlon Energy trading at Rs.101.35 with a total traded quantity of 45821027 shares.

Hindustan Dorr Oliver Limited is trading lower by 2.04% at Rs93.55. The company has informed that the Company has bagged an order from CIDCO (City & Industrial Corporation of Maharashtra Limited), Navi Mumbai, for Design, Engineering, Supply, Construction, Erection and Commissioning of their 70 MLD Sewage Treatment Plant coming up in Kharghar, Navi Mumbai.

The project value is 60.3 crores and completion period is 24 months. The project also includes 5 year Operation and Maintenance.

The Company will be installing state-of-the-art Sequential Batch Reactor Technology for treatment of Sewage.

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 (1.31%), (1.65%) and (1.58%) respectively.

Market Comprehensive Slaughter - July 06, 2009

2009-07-06T16:35:00.002+05:30

Markets at broader level plunged in deep red after the UPA budget session which didn’t turn up to investors'' expectations. On a macro level the government allocated Rs. 4,000 crore as an incentive lending to small firms. Also, it extended interest subvention to exporters to seven sectors till March 2010 and will support to exporters hit by global financial crisis.

The government has extended agriculture debt waiver by 6 months and provided additional Rs. 1,000 crore for irrigation.

On the sectoral front, out of 13 Indices, 2 indices advanced whereas 11 indices declined. Fertilizer stocks came under pressure after Finance Minister proposed to change the method of subsidizing fertilizer prices.

Bank stocks fell as government stated that banks and insurance sector will exclude from the divestment plan. Agriculture stocks gained after government thrust on the agriculture sector.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,502 stocks traded so far, 705 shares advanced while 1,729 shares declined. Nearly 68 shares are unchanged.

The BSE Sensex is trading lower by 607.60 points at 14,305.44 whereas NSE Nifty is down by 190.59 points at 4,233.65.

The BSE Mid Cap is trading lower by 138.05 points at 5,049.16 and Small cap is trading down by 126.88 points at 5,698.07.

Losers from the BSE Sensex Pack are Reliance Infra plunged 8.31% to Rs. 1184.80 along with Housing Development Finance Co by 7.63% to Rs. 2,388.80, ICICI Bank Limited 7.62% to Rs. 696.60, Tata Steel Limited by 6.67% to Rs. 409.05, HDFC Bank by 6.24% to Rs. 1,421.75, State Bank of India Limited 6.06% to Rs. 1,701.00, Reliance Communication Limited 5.30% to Rs. 276.90, Jaiprakas Associates Limited by 5.08% to Rs. 203.50 and Hindalco Ind slipped 5.01% to Rs. 79.55 among others.

Lone gainer from BSE Sensex was ITC Limited that gained by 2.66% to Rs. 196.90.

The BSE Bankex is lower by 521.85 points or 6.17% at 7,937.85. Stocks trading in red are IDBI Bank Limited fell 8.33% to Rs. 102.95, ICICI Bank Limited 7.62% to Rs. 696.60, Axis Bank 6.29% to Rs. 817.00, HDFC Bank by 6.24% to Rs. 1,421.75 and State Bank of India Limited 6.06% to Rs. 1,701.00 among others.

Glodyne Technoserve Limited fell 2.61% to Rs. 485.95, on profit taking after the stock surged around 24% in the preceding six trading sessions.

SpiceJet Limited gained 0.51% to Rs. 19.55 on reports its major investors have asked to look for acquisition opportunities in the local market.

Hindustan Dorr-Oliver Limited advanced 1.99% to Rs. 97.40 after the company bagged an order worth Rs. 60.30 crore.

Prakash Industries Limited fell 1.39% to Rs. 113.30 despite report the company will raise $100 million through issuing foreign currency convertible bonds to fund its proposed 625 megawatt thermal power project at Chhattisgarh.

DLF Limited plunged 5.04% to Rs. 320.00 despite reports the company has raised Rs. 1,000 crore through sale of land parcels across four cities in the past 4-5 weeks.

Housing Development and Infrastructure Limited fell 2.02% to Rs. 235.05 despite reports a clutch of foreign and domestic institutional investors acquired stakes in the company through a recently completed qualified institutional placement.

Ashok Leyland Limited plunged 5.17% to Rs. 30.25, after total sales declined 44.41% to 3,971 units in June 2009 over June 2008.

Markets Slipped Interested In Negative Territory - July 06, 2009

2009-07-06T16:17:00.002+05:30

After a positive start to the market session, the domestic markets off from the early high and slipped into the negative territory after Finance Minister Pranab Mukherjee started presenting the Union Budget in the parliament today. The Finance Minister said to provide all possible assistance for exporters and would help identify new export markets and to extend enhanced export credit guarantee to march 2010. He also said that the agriculture credit target for the fiscal year 2009-10 is Rs3.25 trillion.

The Government would pay additional subvention of 1% to farmers who pay short-term farm loans on schedule and the government would provide additional Rs10bn over the interim budget for irrigation. The Government would also extend agriculture debt waiver by six months.

On a stock specific move, Prakash Industries is trading with a gain of more than 3% as the company is planning to raise $100 million through foreign currency convertible bonds to part-fund its proposed 625 mw thermal power plant at Champa (Chhattisgarh).

During the last hours'''' trading session, buying interest has emerged across Realty, Power, Capital Goods and Banking stocks whereas selling interest seen across Oil & Gas, Metal, Auto and FMCG counters.

Among the BSE sectoral indices, Realty, Power, CG and Banking index inclined by 4.88%, 2.33%, 2.20% and 1.755 respectively, while the Oil & Gas, Auto, Metal index slipped by 0.76%, 0.47% and 0.75% respectively.

Overall the market breadth is positive as 1,441 stocks are trading in red while 678 stocks are in green.

The BSE Sensex down by 14.87 points at 14,898.18 while NSE Nifty down by 15.15 points at 4,409.10.

Besides, the BSE Mid Cap is trading lower by 7.89 points at 5,187.22 while BSE Small Cap is trading marginally higher by 20.31 points at 5,845.26.

Gainers from the BSE Sensex Pack are DLF surged by (5.15%) to Rs. 354.35, along with Reliance Infra by (3.93%) to Rs. 1,343, NTPC by (2.67%) at Rs. 209.80, L&T by (2.60%) at Rs. 1,649.45, Hai Prakash Associate by (2.15%) at Rs. 219 and ICICI Bank by (2.08%) at Rs. 769.75.

Losers from the NSE Nifty Pack are ONGC declined by (1.47%) at Rs. 1,118 along with Tata Steel by (1.29%) at Rs. 432.65, ACC Limited. by (0.90%) at Rs. 760, Grasim Industries by (0.87%) at Rs. 2,387.50, Maruti Suzuki by (0.73%) at Rs. 1,049.10 and HUL by (0.49%) at Rs. 271.85.

BSE Realty is trading up by (3.99%) or 137.07 points at 3,572.30. The major gainers are Mahindra Life inclined by (5.34%) at Rs. 284.90 along with Anant Raj Industries by (5%) at Rs. 117.70, DLF Limited. by (4.81%) at Rs. 353.20, HDIL by (4.67%) at Rs. 251.10 followed by Unitech Limited. by (4.24%) at Rs. 87.20.

BSE Power is trading higher by (2.06%) or 60.22 points at 2,990.45. The top gainers in the index are GVK Power surged by (5.88%) to Rs.45.90 along with Power Grid by (3.82%) to Rs. 117, Suzlon Energy by (2.90%) to Rs. 109.90, followed by NTPC by (2.86%) to Rs. 210.20.

Markets Are Trading At Day High - July 03, 2009

2009-07-03T15:38:00.002+05:30

The markets gained further grounds and are now trading at the day’s high after railway Minister presented the populist railway budget. The significant buying witnessed among the Banking, Power, Pharma, Capital Goods and Metal stocks. However, IT and FMCG stocks are still trading lower.

The BSE Sensex is now trading above the 14,800 mark while the NSE Nifty near the 4,400 mark.

The overall market breadth is negative as 1161 stocks are advancing while 1333 stocks are declining in BSE.

HDFC reported the top gainer from the BSE Sensex pack, as it is trading up by (5.60%) at Rs. 2,535 while Hero Honda reported the top loser trading down by (1.63%) at Rs. 1,362.

The BSE Sensex is trading up by 164.36 points at 14,822.85 and the NSE Nifty is trading higher by 50.65 points at 4,399.50.

The BSE Mid Cap increased by 40.92 points to 5,185.19 and the BSE Small Cap grew by 15.03 points to 5,815.27.

The Health Care index is trading with gains by 57.84 points or 1.61% at 3,648.08. Gainers from this pack are Glenmark Pharma trading up by 7.90% at Rs236.20 along with Ranbaxy Labs by 4.24% at Rs252.25, Aurobindo Pharma by 3.94% at Rs504, Cipla by 3.52% at Rs257.25, Lupin Limited by 2.57% at Rs852.05, Biocon by 1.62% at Rs223.35 and Dr. Reddy''s lab by 1.04% at Rs795.25.

The Bank index is trading higher by 137.66 points or 1.66% at 8,415.73. Leading from the gainers pack are ICICI Bank trading up by 2.88% at Rs752.80 in line with SBI by 2.54% to Rs1803.50, Punjab National Bank by 2.53% at Rs684.85, Oriental bank by 2.37% at Rs181.50, Axis bank by 1.98% at Rs870, Bank of India by 1.46% at Rs351.45 and Indian Overseas Bank by 1.38% at Rs88.40.

The most active shares on NSE are Suzlon Energy trading at Rs 106.30 with a total traded quantity of 34209073 shares followed by RNRL Energy trading at Rs.90.10 with a total traded quantity of 27965934 shares.

Sun Pharmaceutical Industries Limited. is trading lower by 0.17% at Rs1143.90. The company has announced receipt of a tentative approval from USFDA for Sun Pharma''''s Abbreviated New Drug Application (ANDA) for generic Optivar, azelastine ophthalmic solution, 0.05%.

Tnls sterile azelastine hydnochloride ophthalmic solution is therapeutically equivalent to Optivar Ophthalmic solution, 0.05% from Medpolnte Pharmaceuticals that has annual sales of approximately USD 48 million.

On the global markets front, the European markets are now trading mixed as the FTSE 100 is trading up by (0.06%) while DAX and CAC 40 index are trading down by (0.07%) and (0.30%) respectively.

Market Traded Unconvinced - July 03, 2009

2009-07-03T15:33:00.002+05:30

The key benchmark indices spurted northward after a gyrating opening trade. Weakness in the market came as the improving economic outlook failed a stern test in the form of closely-watched US jobs data. Still market participants are skeptical about swift economic rebound. On the sectoral front, out of 13 Indices, 7 indices advanced whereas 6 indices declined. PSU OMCs advanced for the second day in a row after Government hiked petrol and diesel prices.

Capital Goods stocks gained on hopes the government may boost spending on the infrastructure sector in the upcoming Budget.

Power stocks improved on hopes the government may boost spending on power sector in the budget. However, IT stocks retreated on weak US Job data.

The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,506 stocks traded so far, 1,113 shares advanced while 1,296 shares declined. Nearly 97 shares are unchanged.

The BSE Sensex is trading higher by 53.51 points at 14,712.00 whereas NSE Nifty is up by 14.25 points at 4,363.10.

The BSE Mid Cap is trading higher by 12.65 points at 5,156.93 and Small cap is trading up by 1.88 points at 5,802.12.

Major gainers from the BSE Sensex pack are Housing Development Finance Co spurted 3.32% to Rs. 2,480.20 along with NTPC Limited advanced 1.73% to Rs. 203.30, Mahindra & Mahindra Limited gained 1.62% to Rs. 724.00, Tata Power Limited improved 1.26% to Rs. 1,184.00, State Bank of India Limited advanced 1.20% to Rs. 1780.00, Larsen & Toubro Limited gained 1.11% to Rs. 1,581.00 and Tata Motors Limited improved 0.99% to Rs. 297.20 among others.

Losers from the BSE Sensex Pack are Infosys Technologies Limited plunged 1.84% to Rs. 1762.90 along with Sterlite Technologies Limited by 1.41% to Rs. 625.15, DLF Limited by 1.25% to Rs. 331.25, Hero Honda Motors Limited by 1.18% to Rs. 1368.15, Grasim Industries Limited by 1.07% to Rs. 2,376.05, Bharti Airtel by 2.53% to Rs. 802.00, State Bank of India by 2.52% to Rs. 1,735.00, Reliance Communication Limited 1.06% to Rs. 290.00, Hindalco Industries Limited by 1.06% to Rs. 83.65 and ITC Limited slipped 0.99% to Rs. 189.95.

The BSE Power is higher by 65.80 points or 1.43% at 4,615.76. Stocks trading in green are GVK Power & Infrastructure Limited gained 2.64% to Rs. 42.80, Lanco Infra Limited 2.47% to Rs. 367.00, Power Grid 2.14% to Rs. 112.10, Reliance Infrastructure by 2.03% to Rs. 1,278.00 and NTPC Limited advanced 1.73% to Rs. 203.30 among others.

NTPC Limited advanced 1.73% to Rs. 203.30 on reports it is in talks with Japan Bank for International Cooperation for a loan of $500 million for energy-efficient power projects.

GVK Power & Infrastructure Limited gained 2.64% to Rs. 42.80 on reports a qualified institutional placement by the company was oversubscribed.

EdServ Softsystems Limited spurted 4.91% to Rs. 39.50 after the company bagged an order from the Mother Teresa University.

Balaji Telefilms Limited retreated 3.56% to Rs. 52.80 after the company was slapped on a show cause-cum-demand notice for Rs 63.50 crore by the service tax commissioner

Hindustan Dorr-Oliver Limited fell 0.73% to Rs. 95.20 after the company''s board recommended raising up to Rs. 250 crore by way of rights issue or non-convertible debentures with warrants.

Sun Pharmaceuticals Industries Limited gained 0.46% to Rs. 1,151.10 after the company got tentative approval from the US Food and Drug Administration for marketing the generic version of Optivar.

Cairn India Limited shrunk 2.38% to Rs. 229.25 after crude oil prices slumped nearly 4% on the New York Mercantile Exchange on Thursday, 2 July 2009.

Markets Overseas Across Weakness To The Due Opening - July 03, 2009

2009-07-03T15:24:00.003+05:30

Market after a weak opening due to the weakness across overseas markets, the domestic key benchmark indices have recovered lost ground amid high volatility ahead of Rail Budget. On a stock specific move, realty major HDIL is trading up by nearly 0.5% after an announcement that it will raise Rs 1688.4 crore through the issue of shares of QIBs on a private placement basis.

During the last hours'' trading session, buying interest has emerged across Power, Capital Goods (CG) and Healthcare (HC) stocks whereas selling interest seen across IT, TECk and FMCG counters.

Among the BSE sectoral indices, Power, CG and HC stocks inclined by 1.27%, 1.06% and 0.84% respectively, while the IT, TECk and FMCG indices declined by 1.29%, 0.54% and 0.35% respectively.

Overall the market breadth is negative as 1,047 stocks are trading in red while 1007 stocks are in green.

The BSE Sensex marginal up by 0.76 points at 14,659.25 while NSE Nifty down by 2.8 points at 4,346.05.

Besides, the BSE Mid Cap and Small Cap are trading higher by 6.51 points and 7.17 points at 5,150.78 and 5,807.41 respectively.

Gainers from the BSE Sensex Pack are NTPC Limited surged by (1.98%) to Rs. 203.8, along with HDFC by (1.97%) to Rs. 2,447.80, Tata power by (1.62%) at Rs. 1,188.20, Sun Pharmaceutical by (1.24%) at Rs. 1,160.1, BHEL by (1.17%) at Rs. 2,175 and L & T by (0.95%) at Rs. 1,578.50.

Losers from the NSE Nifty Pack are Infosys Tech declined by (1.71%) at Rs. 1,765.9 along with Cairn India by (1.39%) at Rs. 230.65, ONGC by (1.27%) at Rs. 1,112.3, HCL Tech by (1.23%) at Rs. 188.7, Sterlite industries by (1.02%) at Rs. 628.15 and Ambuja Cement by (1.01%) at Rs. 88.5.

BSE IT is trading down by (1.29%) or 42.79 points at 3,276.55. The major losers are Infosys Tech declined by (1.71%) at Rs. 1,765.20 along with NIIT Limited by (1.65%) at Rs. 68.60, Tech Mahindra by (1.38%) at Rs. 760.05, HCL Techno by (1.18%) at Rs. 188.55 followed by Wipro Limited by (0.63%) at Rs. 378.85.

BSE Power is trading higher by (1.27%) or 36.52 points at 2,913.71. The top gainers in the index are Power Grid surged by (2.28%) to Rs.112.25 along with Torrent Power by (2.27%) to Rs. 195.60, Tata Power by (2.04%) to Rs. 1,193.15, followed by Lanco infra by (2.02%) to Rs. 365.40.

Markets Are Unmoving Trading Lower - July 02, 2009

2009-07-02T15:57:00.002+05:30

The markets are still trading lower as selling pressure continued among the selective scrips. The investors want to remain in the sidelines ahead of the Budget on Monday. Further the Economic Survey report failed to enthuse the investor’s sentiments. Further the negative opening of the European markets also turned down the sentiments.

The BSE Sensex is now trading below the 14,600 mark while the NSE Nifty below the 4,320 mark.

The overall market breadth is positive as 1369 stocks are advancing while 1157 stocks are declining in BSE.

ONGC reported the top gainer from the BSE Sensex pack, as it is trading up by (5.80%) at Rs. 1,113.60 while Tata Motors reported the top loser trading down by (3.17%) at Rs. 289.80.

The BSE Sensex is trading down by 98.21 points at 14,547.26 and the NSE Nifty is trading lower by 29.45 points at 4,311.45.

The BSE Mid Cap increased by 7.49 points to 5,135 and the BSE Small Cap grew by 39.45 points to 5,796.87.

The Capital Goods index is trading lower by 209.32 points or 1.62% at 12,691.25. Losers from this pack are Usha Martin trading lower by 4.06% at Rs47.25 along with Bhel by 3.03% at Rs2150, Areva by 2.64% at Rs353.70, Alstom Projects by 2.35% at Rs474.55, L&T by 1.67% at Rs1547.90, Walchand In by 1.10% at Rs206 and BEML by 0.72% at Rs1090.

The Metal index is trading with gains of 205.13 points or 1.88% at 11,093.83. Gainers from this pack are Tata Steel trading up by 4.81% at Rs414 in line with Jindal Steel by 4.22% at Rs2620.25, Sterlite Industries by 3.69% at Rs633.75, Hind Zinc by 3.29% at Rs614, Hindalco Industries by 1.68% at Rs84.80, SAIL by 1.63% at Rs156.15 and Sesa Goa by 1.51% at Rs188.40.

The most active shares on NSE are Unitech trading at Rs 82.35 with a total traded quantity of 34814837 shares followed by Suzlon Energy trading at Rs.102.90 with a total traded quantity of 30547004 shares.

Punj Lloyd Limited is trading up by 0.84% at Rs215.80. The company has secured three contracts from Housing and Infrastructure Board, Libya for designing, procurement, installation and commissioning of utilities at Zawara, Ragdaleen and Al Jamail towns in Libya for an aggregate value of Rs 1873.18 Crores (Rupees One Thousand Eight Hundred Seventy Three Crores and Eighteen Lacs only).

The Company has issued a Press Release in this regards. McNally Bharat Engineering Company Limited is trading higher by 7.70% at Rs135. The company has informed regarding receipt of the following Orders. 1.

Order for Ex-works Supply of Pre- Treatment Plant Package for Mauda Super Thermal Power Project (2X500 MW) for NTPC Limited in Noida, U.P for a value of Rs. 15.44 crores including taxes and duties.

The contractual period of completion of the order is 28 months. 2. Order for Supply and Installation of Water- Pre-Treatment Plant Package for Barh Super Thermal Power Project, Stage- II (2X660 MW) for NTPC Limited in Noida, U.P for a value of Rs. 31.44 crores including taxes and duties. The contractual period of completion of the order is 42 months.

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 (0.86%), (1.54%) and (1.17%) respectively.

Market Extensive Pasting - July 02, 2009

2009-07-02T15:47:00.001+05:30

Market after a gap-up opening, the key benchmark Indices drifted towards the southward. There is still uncertainty lingering amongst market participants on the upcoming Budget. The buying sentiments across the Asian markets failed to propel the domestic traders'' sentiments. There is lot of cautiousness prevailing in the markets, embedded with profit booking pressures.

On the sectoral front, out of 13 Indices, 4 indices advanced whereas 9 indices declined. PSU OMCs advanced as government hiked petrol and diesel prices overnight. Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, improved 2.9% overnight.

Banking stocks plunged on profit taking after the recent gains. IT stocks slipped on profit taking after recent really. Some Cement stocks advanced on higher dispatches in the month just gone by.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,522 stocks traded so far, 1,296 shares advanced while 1,155 shares declined. Nearly 71 shares are unchanged.

The BSE Sensex is trading lower by 128.69 points at 14,516.77 whereas NSE Nifty is down by 34.69 points at 4,306.20.

The BSE Mid Cap is trading lower by 17.55 points at 5,109.96 and Small cap is trading up by 20.5 points at 5,777.92.

Major gainers from the BSE Sensex pack are ONGC spurted 5.73% to Rs. 1,112.90 along with Tata Steel Limited 3.86% to Rs. 410.25, Sun Pharmaceutical Limited gained 3.03% to Rs. 1,152.20, Sterlite Industries Limited improved 2.01% to Rs. 623.50, Housing Development Finance Co advanced 1.66% to Rs. 2,385.00, NTPC Limited gained 1.35% to Rs. 198.25 and Grasim Industries Limited improved 0.75% to Rs. 2,322.10 among others.

Losers from the BSE Sensex Pack are Reliance Communication Limited plunged 3.37% to Rs. 288.50 along with BHEL Limited by 3.25% to Rs. 2,145.10, Tata Motors by 3.24% to Rs. 289.60, Reliance Industries Limited by 2.79% to Rs. 2,000.00, DLF Limited by 2.72% to Rs. 316.75, Bharti Airtel by 2.53% to Rs. 802.00, State Bank of India by 2.52% to Rs. 1,735.00, Maruti Suzuki 2.44% to Rs. 1044.00, Hindustan Uniliver Limited by 2.09% to Rs. 267.00 and Larsen & Toubro Limited slipped 2.05% to Rs. 1,542.00.

The BSE Auto is lower by 65.80 points or 1.43% at 4,615.76. Stocks trading in red are Escorts Limited 4.49% to Rs. 62.70, Bajaj Auto Limited 4.34% to Rs. 964.40, Tata Motors Limited 2.87% to Rs. 290.70, Ashok Leyland by 2.60% to Rs. 29.95 and Maruti Suzuki 2.44% to Rs. 1044.00 among others.

Bajaj Auto Limited slipped 4.34% to Rs. 964.40 after total vehicle sales fell 2% to 1.93 units in June 2009 over June 2008.

Tulip Telecom Limited gained 4.18% to Rs. 908.00 extending recent strong gains triggered by good Q4 March 2009 results.

Indiabulls Financial Services Limited improved 1.63% to Rs. 193.40 after a block deal of eight lakh shares was executed on NSE at Rs. 193 per share.

McNally Bharat Engineering Company Limited zoomed 8.90% to Rs. 136.50, after the company bagged two orders totaling Rs. 46.88 crore.

Gitanjali Gems fell 0.19% to Rs. 107.00 despite the company said it will acquire 70% stake in unlisted MobileNXT Teleservices, a mobile retail chain.

ONGC spurted 5.73% to Rs. 1,112.90 as the company expects subsidy burden for the current year to be significantly lower, following the fuel price hike.

Punj Lloyd Limited gained 0.63% to Rs. 215.35, after the company''s overseas unit bagged an order worth Rs. 1,263 crore.

Market Lackluster: On Top Of Money-Making Data - July 02, 2009

2009-07-02T15:33:00.002+05:30

After opening on a buoyant note on fairly strong global cues, the frontline stocks are now oozing out early gains due to profit booking pressure. Most of the investors are trading on a cautious note and waiting for the announcement of economic data, which would help them to take any fresh positions ahead of budget. On a stock specific move, ONGC is trading higher by nearly 9% after the government unexpectedly raised gasoline and diesel prices by as much as 10% late on Wednesday.

During the last hours'' trading session, buying interest has emerged across PSU, Metal and Oil & Gas stocks while selling pressure has seen across IT, TECk and Banking counters.

Among the BSE sectoral indices PSU, Metal and Gas & Oil stocks surged by 2.13%, 1.97% and 1.60% respectively, while the IT, TECk and Bankex indices dipped by 0.77%, 0.49% and 0.46% respectively.

Overall the market breadth is positive as 1,370 stocks are trading in green while 725 stocks are in red.

The BSE Sensex up by 31.69 points at 14,677.16 while NSE Nifty surged by 10.5 points at 4,351.4.

Besides, the BSE Mid Cap and Small Cap are trading higher by 45.3 points and 91.44 points at 5,172.81 and 5,848.87 respectively.

Losers from the BSE Sensex Pack are Bhel down by (1.77%) to Rs. 2,178, along with Tata Motors by (1.74%) to Rs. 294.10, TCS Limited by (1.73%) to Rs. 385.55, Maruti suzuki by (1.51%) at Rs. 1,053.95, Rel com by (1.32%) at Rs. 294.60, and Infosys Tec by (1.21%) at Rs.1,775.

Gainers from the NSE Nifty Pack are ONGC increased by (8.43%) at Rs. 1,140.3 along with Gail Limited by (8.32%) at Rs. 311.8, Sun Pharmaceuticals by (4.14%) at Rs. 1,165.05, Sterlite Industries by (3.63%) at Rs. 633.6, National Aluminium by (2.48%) at Rs. 307.45 and Ranbaxy Lab by (1.95%) at Rs. 250.95.

BSE PSU is trading higher by (2.13%) or 170.75 points at 8,170.72. The top gainers are Hindustan copper surged by (15.50%) at Rs. 270.55 along with ONGC by (8.80%) to Rs. 1,145.25, Gail India by (8.56%) at Rs. 312.50, ST Trad Corp by (5.34%) at Rs. 376.50 followed by Bharat Elect by (4.84%) at Rs. 1,440.65.

BSE IT is trading lower by (0.77%) or 25.42 points at 3,291.93. The top losers in the index are Mphasis Limited declined by (2.29%) to Rs.361.25 along with TCS Limited by (1.73%) to Rs. 385.55, Infosys Tec by (1.21%) to 1,775, Wipro Limited by (0.65%) to Rs. 376 followed by HCL Tech by (0.18%) to Rs. 189.45.

Markets Gained Further Foundation - July 01, 2009

2009-07-01T15:13:00.001+05:30

The markets gained further grounds and are near the day’s high as buying spurred across the board. The investors take fresh positions at lower level. Further the positive opening of the European markets also boosted the sentiments. The Realty index outperformed the benchmark index in the afternoon trade as it now trading with a gain of more than 4%.

The strong buying witnessed among the Oil & Gas, Banking and Capital Goods tocks. Further the European markets also turned negative.

The BSE Sensex is now trading near the 14,700 mark while the NSE Nifty near the 4,300 mark.

The overall market breadth is negative as 1095 stocks are advancing while 1366 stocks are declining in BSE.

DLF reported the top gainer from the BSE Sensex pack, as it is trading up by (5.45%) at Rs. 327.75 while Hindalco Industries reported the top loser trading down by (4.57%) at Rs. 82.50.

The BSE Sensex is trading up by 173.20 points at 14,667.14 and the NSE Nifty is trading higher by 52 points at 4,343.10.

The BSE Mid Cap increased by 42.50 points to 5,118.84 and the BSE Small Cap grew by 7.04 points to 5,747.08.

The Realty index is trading with decent gains of 118.12 points or 3.68% at 3,325.31. Gainers from this pack are Indiabull Real trading up by 7.13% at Rs209.65 along with DLF by 5.57% at Rs328.10, Unitech by 3.14% at Rs82.10, HDIL by 2.81% at Rs239.25, Penland by 1.10% at Rs68.80 and Ananat Raj Inds by 1.01% at Rs99.80.

The Oil and Gas index is trading higher by 198.02 points or 2.11% at 9,588.17. Leading the rally are BPCL trading up by 6.36% at Rs457.45 followed by HPCL by 5.23% at Rs314.70, Reliance Industries by 2.95% at Rs2,083.05, RPL by 2.79% at Rs129.10, IOCL by 1.92% at Rs542.25, Cairn India by 1.74% at Rs237 and Essar Oil by 1.11% at Rs154.20.

The most active shares on NSE are Suzlon Energy trading at Rs 107.30 with a total traded quantity of 55807311 shares followed by Unitech trading at Rs.82.55 with a total traded quantity of 55364559 shares.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (1.43%), (1.49%) and (1.76%) respectively.

Market Rebounds Smartly From Its Low - July 01, 2009

2009-07-01T15:07:00.003+05:30

After subdued opening, the key benchmark Indices dipped in red in early trade latter swinging between the positive and negative terrain. The volatility griped the market after it pared its early gains on concerns about flood in share sales following a rush to raise funds by India Inc. Meanwhile, QIPs have been aggressively selling hitting the momentum of the market.

The uncertainty on trading floors about whether the market looked set to establish a clear sense of direction in the medium term lingered by upcoming budget and building hopes on India Inc.

On the sectoral front, out of 13 Indices, 12 indices advanced whereas 1 index declined. FCCG stocks advanced on buzz consumption have not declined due to the delay in the onset of monsoons.

Moreover, the sector edged higher in a weak market on defensive buying. Cement stocks retreated on recent reports prices are likely to soften by Rs. 3-5 per 50 Kg bag this month due to the duel effect of excess supply and lower demand.

The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,460 stocks traded so far, 1,019 shares advanced while 1,351 shares declined. Nearly 90 shares are unchanged.

The BSE Sensex is trading higher by 180.26 points at 14,674 whereas NSE Nifty is up by 44.79 points at 4,335.90.

The BSE Mid Cap is trading higher by 39.14 points at 5,115.49 and Small cap is trading up by 1.02 points at 5,741.07.

Major gainers from the BSE Sensex pack are DLF Limited surged 4.41% to Rs. 324.50 along with Bharti Airtel Limited 3.13% to Rs. 827.20, Tata Motors Limited gained 2.64% to Rs. 298.85, Hindustan Uniliver Limited improved 2.38% to Rs. 273.45, Mahindra & Mahindra Limited advanced 2.06% to Rs. 706.80, ICICI Bank Limited jumped 1.83% to Rs. 735.20, Infosys Technologies Limited gained 1.75% to Rs. 1,808.00., Sterlite Industries Limited gained 1.59% to Rs. 617.50 and Housing Development Finance Co improved 1.56% to Rs. 2,382.00 among others.

Losers from the BSE Sensex Pack are Hindalco Industries Limited plunged 4.74% to Rs. 82.35 along with ACC Limited by 1.16% to Rs. 760.00 and ONGC Limited slipped 1.15% to Rs. 1,054.80.

The BSE Realty is higher by 113.71 points or 3.55% at 3,320.90. Stocks trading in green are Indiabulls Realty 8.07% to Rs. 211.50, DLF Limited 4.41% to Rs. 324.50, Unitech Limited 2.01% to Rs. 81.20, Housing Development by 1.61% to Rs. 236.45 and Phoenix Mills 1.50% to Rs. 101.50 among others.

EIH Limited plunged 0.79% to Rs. 125.00, after consolidated net profit dipped 23.27% to Rs. 169.95 crore in the year ended March 2009 over the year ended March 2008.

United Spirits Limited gained 1.02% to Rs. 881.95 on buzz private equity majors like KKR, Blackstone and Capital International are in race to acquire stake in the company.

Marg Limited gained 0.04% to Rs. 111.70 despite the company reported consolidated net loss of Rs. 34.62 crore in the year ended March 2009 as against net profit of Rs. 24.71 crore in the year ended March 2008.

Maruti Suzuki India Limited gained 0.24% to Rs. 1,068.05 after total vehicle sales increased phenomenally 22.63% to Rs 75,109 units in June 2009 over June 2008.

Nagarjuna Construction Company Limited gained 0.52% to Rs. 135.50 after the company bagged fresh orders aggregating Rs. 797 crore.

Suzlon Energy Limited zoomed 2.36% to Rs. 106.15 on bargain hunting after the stock fell 16% in the preceding two trading sessions.

Glodyne Technoserve Limited surged 3.30% to Rs. 480.00 after the company''s board of directors recommended a liberal 1:1 bonus issue.

BEML Limited gained 1.09% to Rs. 1,082.80 extending recent strong gains lingered by good Q4 March 2009 results.

Larsen & Toubro Limited improved 1.51% to Rs. 1,592.00 after the company bagged two orders aggregating Rs. 651 crore in the hydrocarbon sector.

Gujarat State Petronet Limited gained 1.14% to Rs. 48.80 after net profit increased phenomenally 23.5% to Rs. 123.41 crore in the year ended March 2009 over the year ended March 2008.

Market Hot-Tempered With Negative Foregone Conclusion - July 01, 2009

2009-07-01T15:01:00.002+05:30

Market after a positive start, the benchmark indices are now trading range bound with negative bias around the corner. Mixed cues from the Asian market and budget in the next week kept investors away from making any significant investments. On a stock specific news HCL Tech is trading higher by nearly 2%, after an announcement that company has bagged a five-year IT applications support and infrastructure management deal from US-based beverages firm Dr Pepper Snapple Group.

During the last hours'' trading session, buying interest has emerged across FMCG, Healthcare (HC) and Auto, whereas profit booking pressure is continued across Metal, Consumer Durable (CD) and PSU counters.

Among the BSE sectoral indices, FMCG, HC and Auto stocks gained by 0.87%, 0.56% and 0.51% respectively, while BSE Metal, CD and PSU index is down by 0.70%, 0.62% and 0.54% respectively.

Overall the market breadth is negative as 1,135 stocks are trading in red while 863 stocks are in green.

The BSE Sensex is lower by 56.97 points at 14,436.87 while NSE Nifty declined by 18.15 points at 4,272.95.

Besides, the BSE Mid Cap and Small Cap are trading lower by 32.81 points and 42.97 points at 5,043.53 and 5,697.07 respectively.

Losers from the BSE Sensex Pack are Hindalco Industries declined by (5.49%) to Rs. 81.70, along with Jaiprakash Associate by (3.17%) to Rs. 198.55, ACC Limited by (2.90%) at Rs. 746.60, Tata Steel by (2.01%) at Rs. 382.95, Reliance Communication by (1.95%) at Rs. 284.25 and TCS Limited by (1.51%) at Rs. 383.80.

Losers from the NSE Nifty Pack are Hindalco Industries down by (5.38%) at Rs. 81.8 along with Power Grid Corporation by (3.70%) at Rs. 105.35, ABB Limited by (3.51%) at Rs. 751.1, National Aluminium by (3.15%) at Rs. 296.4, ACC Limited by (2.46%) at Rs. 746.9 and Tata Steel by (2.01%) at Rs. 382.8.

BSE FMCG is trading higher by (0.87%) or 19.77 points at 2,282.46. The major gainers are Colgate Palm up by (3.32%) at Rs. 626 along with United Spirits by (2.63%) at Rs. 896, Marico Limited by (2.54%) at Rs. 74.80 followed by United Brew by (1.65%) at Rs. 117.20.

BSE Metal is trading lower by (0.70%) or 75.87 points at 10,755.03. The top losers in the index are Hindalco Industries declined by (5.49%) to Rs. 81.70 along with Gujarat NRE by (4.31%) to Rs. 43.30, JSW SL by (2.25%) to Rs. 602.15 followed by Tata Steel by (2.01%) at Rs. 382.95.

Markets Lost Further Grounds - June 30, 2009

2009-06-30T16:16:00.001+05:30

The markets lost further grounds and are now trading near the day’s low as selling pressure continued across the board. The investors turned cautious and hesitant to take any fresh positions ahead of the Union Budget. Further the European markets also turned negative. The significant selling witnessed among the Realty, Banking, Power and Metal stocks.

The broader market indices underperformed the benchmark index in the afternoon trade and are trading significantly lower as the BSE Mid Cap index is now trading with a loss of more than 2% and the BSE Small Cap index with a loss of more than 1.5%.

The BSE Sensex is now trading around the 14,600 mark while the NSE Nifty below the 4,350 mark.

The overall market breadth is negative as 773 stocks are advancing while 1757 stocks are declining in BSE.

Sun Pharmaceuticals reported the top gainer from the BSE Sensex pack, as it is trading up by (1.34%) at Rs. 1,115.10 while DLF reported the top loser trading down by (6.30%) at Rs. 316.70.

The BSE Sensex is trading down by 191.48 points at 14,594.26 and the NSE Nifty is trading lower by 79.05 points or (1.80%) at 4,311.90.

The BSE Mid Cap decreased by 105.67 points or (2.02%) to 5,124.42 and the BSE Small Cap fell by 93.86 points or (1.59%) to 5,794.

The Realty index is trading with deep cut of 218.62 points or 6.31% at 3,245.45. Losers from this pack are HDIL trading lower by 9.34% at Rs240.25 along with DLF by 5.83% at Rs318.30, Unitech by 5.74% at Rs80.40, Anant Raj by 4.95% at Rs98.80, Ansal Infra by 4.68% at Rs54.95, Orbitco by 4.29% at Rs162.95, Parsvnath by 4.21% at Rs84.25, Omaxe by 3.55% at Rs100.45, Phoenix Mill by 3.35% at Rs102.55 and Akruti City by 2.47% at Rs510.15.

The bankex index is trading lower by 175.75 points or 2.09% at 8,242.11. Scrips from the losers pack are Kotak bank trading lower by 5.38% at Rs635 followed by IDBI bank by 5.26% at Rs110.70, ICICI Bnak by 3.81% at Rs720.20, Indus Ind bank by 3.40% at Rs87.95, Oriental bank of commerce by 3.26% at Rs179.50, Axis bank by 3.15% at Rs839.75, Karnataka bank by 2.34% at Rs139.95, Union bank by 1.36% at Rs243 and Yes bank by 1.22% at Rs149.50.

The most active shares on NSE are Unitech trading at Rs 79.50 with a total traded quantity of 62344036 shares followed by Suzlon Energy trading at Rs.105.60 with a total traded quantity of 61234702 shares.

Patni Computer Systems Limited is trading lower by 1.84% at Rs267.30. The company launched an Inventory Liability and Risk Management Dashboard in collaboration with SAP.

The solution, built on top of the SAP Supply Network Collaboration {SAP SNC) application and leveraging the SAP.

Fortis Healthcare Ltd is trading down by 4.09% at Rs96.05. The company has announced the following Audited results for the quarter & year ended March 31, 2009.

The Company has posted a net loss of Rs (7.90) million for the quarter ended March 31, 2009 as compared to net profit of Rs 96.00 million for the quarter ended March 31, 2008.

Total Income has decreased from Rs 516.10 million for the quarter ended March 31, 2008 to Rs 507.80 million for the quarter ended March 31, 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 (0.20%), (0.11%) and (0.10%) respectively.

Market Sentiment Was Unsettled - June 30, 2009

2009-06-30T16:13:00.002+05:30

After fabulous opening, the key benchmark indices traded jittery on profit booking after the latest data indicated a slowdown in infrastructure sector growth. There are apprehensions about the growth prospect of key sectors due to lackluster demand and increasing gestation period for major projects. Meanwhile, the corporate sector is expecting a removal of the fringe benefit tax (FBT) in the budget.

The domestic brokerages and fund houses want the government to soften securities transaction tax (STT) on trading in securities in the Budget. On the sectoral front, out of 13 Indices, all were traded in red.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,530 stocks traded so far, 765 shares advanced while 1,686 shares declined. Nearly 79 shares are unchanged.

The BSE Sensex is trading lower by 194.55 points at 14,591.19 whereas NSE Nifty is down by 67.14 points at 4,323.80.

The BSE Mid Cap is trading lower by 106.23 points at 5,123.85 and Small cap is trading down by 102.71 points at 5,785.15.

Major gainers from the BSE Sensex pack are Sun Pharmaceutical Industries Ltd surged 2.24% to Rs. 1,125.00 along with TCS Ltd 2.10% to Rs. 394.00, Grasim Industries Ltd gained 1.51% to Rs. 2,350.00, Hindustan Uniliver Ltd improved 1.16% to Rs. 269.25, ONGC Ltd advanced 0.92% to Rs. 1,077.90, Hero Honda Motors Ltd jumped 0.59% to Rs. 1391.00, Wipro Ltd gained 0.41% to Rs. 380.20, Tata Steel Ltd gained 0.24% to Rs. 398.10 and Larsen & Toubro Ltd improved 0.06% to Rs. 1,616.00 among others.

Losers from the BSE Sensex Pack are Tata Motors Ltd plunged 5.37% to Rs. 297.00 along with DLF Ltd by 5.27% to Rs. 320.20, Jaiprakas Associates Ltd dipped 4.71% to Rs. 210.60, Reliance Communication Ltd plunged 4.16% to Rs. 294.00, Sterlite Industries Ltd 4.13% to Rs. 620.00, Reliance Infrastructure Ltd by 3.94% to Rs. 1,217.70, ICICI Bank 2.90% to Rs. 727.00 and Reliance Industries Ltd slipped 2.06% to Rs. 2041.95 among others.

The BSE Realty is lower by 196.27 points or 5.67% at 3,267.80. Stocks trading in red are Housing Development 9.09% to Rs. 240.90, Indiabulls Realty Ltd 7.71% to Rs. 197.00, Unitech Ltd retreated 6.27% to Rs. 79.95, DLF Ltd by 5.27% to Rs. 320.20 and Parsvnath Developers 4.95% to Rs. 83.60 among others.

Motherson Sumi Systems Ltd gained 1.79% to Rs. 76.65, after consolidated net profit increased phenomenally 98.6% to Rs. 122.83 crore in Q4 March 2009 over Q4 March 2008.

Sun Pharmaceutical Industries Ltd surged 2.24% to Rs. 1,125.00 on bargain hunting after the stock fell 18.19% in the preceding three trading sessions.

BEML Ltd zoomed 3.81% to Rs. 1,101.35 after net profit surged 45.2% to Rs 172.02 crore on a 20.4% increase in sales to Rs 1262.51 crore in Q4 March 2009 over Q4 March 2008.

Unitech Ltd retreated 6.27% to Rs. 79.95 on concerns of equity dilution after it allotted 22.75 crore convertible warrants at Rs. 50.75 each to Harsil Projects, a promoter group company.

Hindustan Construction Company Ltd fell 1.96% to Rs. 104.80 despite Chairman Ajit Gulabchand said the order book will reach Rs. 21,000 crore by end of the current financial year from current Rs. 16,500 crore.

Apollo Hospitals Enterprise Ltd gained 0.25% to Rs. 568.30 after consolidated net profit spurted 32.83% to Rs 102.49 crore in the year ended March 2009 over the year ended March 2008.

Larsen & Toubro Ltd improved 0.06% to Rs. 1,616.00 after the company bagged six orders worth Rs. 1,230 crore for various electrical projects in the country.

Areva T&D India Ltd plunged 2.61% to Rs. 347.00 despite the company bagged an order for commissioning of two 220 kilovolt conversions substations.

Market Turned Negative After A Firm Start - June 30, 2009

2009-06-30T16:10:00.002+05:30

After opening on a buoyant note backed by positive global cues, the frontline stocks are now oozing out early gains due to profit booking pressure. The key bench mark indices pulled down from the day’s high as most of the blue chip stocks are facing strong resistance at higher level. In the midst of volatility Areva T&D is trading higher by nearly 1%, after it bagged an order from Hindalco for erecting 440 kilo volt substations at its plants in Singrauli (Madhya Pradesh) and Sambalpur (Orissa).

During the last hours'' trading session, selling pressure has emerged across Realty, Power and Auto stocks while buying interest has emerged across Consumer Durable (CD), Metal and IT counters.

Among the BSE sectoral indices Realty, Power and Auto stocks declined by 2.67%, 0.60% and 0.54% respectively, while the CD, Metal and IT indices surged by 1.74%, 0.66% and 0.51% respectively.

Overall the market breadth is negative as 1,059 stocks are trading in red while 992 stocks are in green.

The BSE Sensex down by 89.61 points at 14,696 while NSE Nifty lower by 28.25 points at 4,362.7.

Besides, the BSE Mid Cap and Small Cap are trading lower by 44.22 points and 19.23 points at 5,185.86 and 5,868.63 respectively.

Losers from the BSE Sensex Pack are DLF Ltd down by (3.68%) to Rs. 325.55, along with Tata Motors by (3.63%) to Rs. 302.45, Jai Prakash Associate by (3.17%) at Rs. 214, Hindalco Industries by (2.33%) at Rs. 85.75, Reliance communication by (2.27%) at Rs. 299.8 and Reliance infra by (2%) at Rs.1,242.30.

Losers from the NSE Nifty Pack are Suzlon Energy dipped by (4.82%) at Rs. 111.45 along with DLF Ltd by (4.34%) at Rs. 323.65, Tata Motors by (3.79%) at Rs. 302, Unitech Ltd by (3.52%) at Rs. 82.3, Idea Cellular by (3.23%) at Rs. 75 and Hindalco Industries by (2.90%) at Rs. 85.3.

BSE Realty is trading lower by (2.67%) or 92.51 points at 3,371.56. The top losers are Housing Dev declined by (6.34%) at Rs. 248.20 along with Indiabul Real by (3.96%) at Rs. 205, Mahindra Life by (3.64%) at Rs. 272.50 followed by DLF Ltd by (3.68%) to Rs. 325.55.

BSE CD is trading higher by (1.74%) or 52.32 points at 3,056.04. The top gainers in the index are Blue Star L surged by (3.01%) to Rs.352.45 along with Gitanjali GE by (2.64%) to Rs. 114.60 followed by Videocon Industries by (0.30%) to Rs. 184.

Markets Gained Further Grounds - June 29, 2009

2009-06-29T15:37:00.000+05:30

The markets gained further momentum and are now trading near the day’s high as buying momentum continued across the board. Further the positive opening of the European markets also boosted the sentiments. The Consumer Durables and Realty index outperformed the benchmark index today and are now trading with a gain of more than 4% each. The broader market indices are also trading significantly higher as the BSE Mid Cap index is now trading with a gain of more than 1.5% and the BSE Small Cap index with a gain of more than 2% each.

The BSE Sensex is now trading above the 14,900 mark while the NSE Nifty above the 4,400 mark.

The overall market breadth is positive as 1740 stocks are advancing while 804 stocks are declining in BSE.

DLF reported the top gainer from the BSE Sensex pack, as it is trading up by (5.50%) at Rs. 343.45 while Tata Motors reported the top loser trading down by (7.42%) at Rs. 315.05.

The BSE Sensex is trading up by 157.42 points at 14,922.06 and the NSE Nifty is trading higher by 56.85 points or (1.30%) at 4,432.35.

The BSE Mid Cap increased by 91.06 points or (1.76%) to 5,261.96 and the BSE Small Cap grew by 124.75 points or (2.15%) to 5,925.50.

The Consumer Durables index is trading with decent gains of 127.29 points or 4.42% at 3,008.77. Leading the rally are Blue Star trading up by 10% at Rs342.15 along with Titan Inds by 3.94% at Rs1183, Rajesh Exports by 1.49% at Rs44.40 and Videocon Inds by 1.13% at Rs183.70.

The Realty index is trading higher by 127.66 points or 3.79% at 3,493.76. Gainers from this pack are Phoenix Mill trading up by 5.91% at Rs106.65 in line with DLF by 5.68% at Rs344.05, Anant Raj In by5% at Rs103.95, Orbitco by 5% at Rs170.25, Sobha Developers by 4.99% at Rs214.70, Parsvnath by 4.95% at Rs87.95, Unitech by 4.61% at Rs86.15, HDIL by 4.68% at Rs263.90 and Akruti City by 3.2% at Rs530.10.

The most active shares on NSE are Suzlon Energy trading at Rs 119.35 with a total traded quantity of 60434274 shares followed by Unitech trading at Rs.86.15 with a total traded quantity of 55443938 shares.

Larsen &, Toubro Limited (L&T) is trading up by 1.97% at Rs1,643. The company has bagged six orders aggregating to Rs.1230 crore from the electrical projects in the domestic market.

This includes four orders valued at Rs. 1031 crore for transmission line & railway construction, and two orders worth Rs.199 crore for the construction of sub-stations.

These'' projects will be executed by Electrical & Gulf Projects Operating Company (E&GP OC) - part of L&T''''s Construction Division.

Jain Irrigation Systems Limited is trading higher by 1.86% at Rs628. The company has bagged large orders worth Rs. 158 crores (Rs.l580 million) from various Coca-Cola bottlers in India and overseas for supply of mango pulp for the 2009-2010 season.

This is increase of more than 85% compared to last season. This product will be produced in the current mango season but dispatched over next year or so.

Jain is also working very closely with farmers in Maharashtra, Gujarat, Karnataka and Andhra Pradesh on increasing Mango yields.

Jain''''s not only provide irrigation systems to small farmers but also provide agronomy support through its R & D farms located in Jalgaon, Udmelpeth and Chittoor.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.64%), (0.67%) and (0.57%) respectively.

Market Rebounds Smartly In A Volatile Session - June 29, 2009

2009-06-29T15:09:00.001+05:30

Market after subdued opening, the key benchmark indices traded choppy as traders attempting to gauge the future direction of equity markets. Market dipped in red in early trade after swinging between the positive and negative terrain at the onset of the trading session. Volatility may continue high on the bourses this week ahead of the Union Budget 2009-2010 on 6 July 2009, Railway Budget on 3 July 2009 and the Economic Survey on 2 July 2009.

On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices declined. Realty stocks surged after successful fund raising by Unitech through a second round of qualified institutional placement.

Bank stocks gained as investors expect new reforms such as increase in the cap on foreign direct investment in insurance sector to 49% from 26% at present.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,546 stocks traded so far, 1,672 shares advanced while 792 shares declined. Nearly 82 shares are unchanged.

The BSE Sensex is trading higher by 105.10 points at 14,869.75 whereas NSE Nifty is up by 34.35 points at 4,409.85.

The BSE Mid Cap is trading higher by 84.01 points at 5,254.91 and Small cap is trading up by 120.80 points at 5,921.55.

Major gainers from the BSE Sensex pack are DLF Limited surged 5.08% to Rs. 342.10 along with Sterlite Industries Limited 4.49% to Rs. 639.55, ONGC Limited gained 3.62% to Rs. 1,078.60, Tata Steel Limited improved 3.16% to Rs. 400.15, Reliance Industries Limited advanced 2.30% to Rs. 2,075.25, BHEL Limited jumped 2.12% to Rs. 2,248.15, NTPC Limited 1.64% to Rs. 198.15, Reliance Infra Limited gained 1.60% to Rs. 1284.30 and ICICI Bank Limited gained 1.58% to Rs. 766.25 among others.

Losers from the BSE Sensex Pack are Tata Motors Limited plunged 5.97% to Rs. 320.00 along with Sun Pharmaceuticals Limited plunged 3.25% to Rs. 1,103.40, Infosys Technologies Limited dipped 1.89% to Rs. 1,792.20, TCS Limited plunged 1.79% to Rs. 389.80, Grasim Industries Limited 1.72% to Rs. 2,332.00, ITC Limited by 1.25% to Rs. 194.20, Housing Development Finance Co 0.96% to Rs. 2,412.00 and Maruti Suzuki Limited slipped 0.27% to Rs. 1056.10 among others.

The BSE Realty is higher by 139.89 points or 4.16% at 3,505.99. Stocks trading in green are Phoenix Mills 5.26% to Rs. 106.00, DLF Limited 5.08% to Rs. 342.10, Orbitco 5.00% to Rs. 170.25, Sobha Developers Limited by 4.99% to Rs. 214.70 and Anant Raj Industries 4.95% to Rs. 103.90 among others.

BEML Limited gained 6.63% to Rs. 964.50 after net profit increased phenomenally 45.2% to Rs. 172.02 crore in Q4 March 2009 over Q4 March 2008.

India Cements Limited deteriorated 3.57% to Rs. 140.40 after consolidated net profit plunged 34% to Rs. 423.25 crore in the year ended March 2009 over the year ended March 2008.

Mahindra & Mahindra Limited improved 0.43% to Rs. 700.50 after one of its units Mahindra Holidays & Resorts India priced shares of its initial public offer at Rs. 300 each.

Jain Irrigation Systems Limited rose 1.36% to Rs. 624.95 as the company bagged fresh orders aggregating Rs. 158 crore.

Unitech Limited zoomed 4.49% to Rs. 86.05 on reports it has raised Rs. 2,800 crore by placing shares with overseas private equity funds at Rs. 81 a share on Friday, 26 June 2009.

Tata Motors Limited shrunken 5.99% to Rs. 319.90 after witnessing a consolidated net loss of Rs. 2,505.25 crore in the year ended March 2009 as against a net profit of Rs. 2,167.70 crore in the year ended March 2008.

Hindustan Dorr-Oliver Limited gained 4.89% to Rs. 94.30 after the company bagged two orders aggregating Rs. 118.80 crore.

Jai Corp Limited plunged 0.42% to Rs. 285.50 after the company reported net loss of Rs. 27.16 crore in Q4 March 2009 as against to net profit of Rs. 38.81 crore in Q4 March 2008.

Tulip Telecom Limited improved 4.48% to Rs. 769.15 after net profit jumped 60% to Rs. 105.73 crore on a 24% increase in total income to Rs. 519.52 crore in Q4 March 2009 over Q4 March 2008.

Market On Top Of A Cautious Path - June 29, 2009

2009-06-29T15:04:00.001+05:30

Market after opening on a positive note, the key benchmark indices drifted down into red on the back of mixed global cues. However, the market witnessed some stock-specific buying ahead of the announcement of Union Budget early next week, but valuation concerns and the delayed monsoon rains are made traders a bit cautious to take any fresh positions.

On a stock specific news, Tata Motors is trading lower by nearly 4.5% after it posted its first annual loss in eight years and announced more job cuts and plant closures at Jaguar and Land Rover due to the worst global recession.

During the last hours'' trading session, selling pressure has emerged across IT, TECk and FMCG stocks while buying interest has emerged across Realty, Consumer Durable (CD) and Metal counters.

Among the BSE sectoral indices IT, TECk and FMCG stocks declined by 2.03%, 1.01% and 0.58% respectively, while the Realty, CD and Metal indices surged by 3.73%, 3.32% and 0.98% respectively.

Overall the market breadth is positive as 1,375 stocks are trading in green while 709 stocks are in red.

The BSE Sensex lower by 26.48 points at 14,738.16 while NSE Nifty down by 6.44 points at 4,369.05.

Besides, the BSE Mid Cap and Small Cap are trading higher by 76.46 points and 98.77 points at 5,247.36 and 5,899.52 respectively.

Losers from the BSE Sensex Pack are Tata Motors down by (4.06%) to Rs. 326.50, along with Sun Pharmaceutical by (4.03%) to Rs. 1,094.50, Grasim Industries by (3.07%) at Rs. 2,300, Infosys Tech by (2.83%) at Rs. 1,775, HDFC by (2.53%) at Rs. 2,374 and TCS Limited by (2.02%) at Rs.388.90.

Losers from the NSE Nifty Pack are Suzlon Energy dipped by (5.30%) at Rs. 116.95 along with Tata Motors Limited by (4.25%) at Rs. 325.8, Sun Pharmaceutical by (3.65%) at Rs. 1,099.45, Grasim Industries by (2.92%) at Rs. 2,303, Infosys Technologies by (2.48%) at Rs. 1,781.8 and HDFC (2.47%) at Rs. 2,375.

BSE IT is trading lower by (2.03%) or 68.44 points at 3,306.88. The top losers in the index are Infosys Tech declined by (2.83%) to Rs.1,775 along with TCS Limited by (2.02%) to Rs. 388.90, Wipro by (0.94%) to Rs. 380.10 followed by Mphasis Limited by (0.37%) to Rs. 407.

BSE Realty is trading higher by (3.73%) or 125.67 points at 3,491.77. The major gainers are Housing Dev surged by (5.73%) at Rs. 266.55 along with Sobha Dev by (4.99%) at Rs. 214.7, Orbit Co by (4.81%) at Rs. 169.95 followed by Parsvnath by (4.53%) at Rs. 87.60.

Markets Gained Further Grounds - June 26, 2009

2009-06-26T15:47:00.000+05:30

The markets are now trading near the day’s high and with strong gains as buying momentum continued across the board. Further the positive opening of the European markets also boosted the sentiments. The Capital Goods and Banking index outperformed the benchmark index today and are now trading with a gain of more than 3% each.

The broader market indices are also trading significantly higher as both the BSE Mid Cap and the BSE Small Cap index are now trading with a gain of more than 1% each.

The BSE Sensex is now trading above the 14,600 mark while the NSE Nifty above the 4300 mark.

The overall market breadth is positive as 1546 stocks are advancing while 996 stocks are declining in BSE.

ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading up by (6.26%) at Rs. 742.45 while Sun Pharmaceuticals reported the top loser trading down by (12.13%) at Rs. 1,140.90.

The BSE Sensex is trading up by 281.56 points at 14,627.18 and the NSE Nifty is trading higher by 95.70 points or (2.26%) at 4,337.55.

The BSE Mid Cap increased by 94.88 points or (1.88%) to 5,144.78 and the BSE Small Cap grew by 88.81 points or (1.56%) to 5,781.83.

The Capital Goods index is trading with gains of 486.82 points or 3.87% at 13,065.88. Gainers from this pack are Larsen and Toubro trading up by 5.49% at Rs1611.50 along with Suzlon Energy by 4.50% at Rs123.15, Thermax Ltd by 4.20% at Rs412, Reliance Industrial Infra by 3.86% at Rs1009.90, Areva by 3.02% at Rs342.50, Punj Lloyd by 2.66% at Rs214.50, Bhel by 2.57% at Rs2,188 and Gammon India by 2.13% at Rs172.50.

The Bankex index is trading higher by 250.05 points or 3.14% at 8,220.91. Leading the rally are ICICI bank trading up by 6.63% at Rs745 along with Kotak bank by 5.07% at Rs648.60, Axis bank by 4.60% at Rs813.05, IDBI bank by 3.33% at Rs116.25, Indusind bank by 3.26% at Rs88.65, Union bank by 2.53% at Rs235, Canara bank by 2.52% at Rs264.50, Punjab National Bank by 2.32% at Rs644.05, SBI by 1.95% at Rs1737.60 and Yes bank by 1.85% at Rs142.80.

The most active shares on NSE are IFCI trading at Rs 55.20 with a total traded quantity of 51798385 shares followed by Unitech trading at Rs.82.45 with a total traded quantity of 43125103 shares.

State Bank of Mysore is trading up by 0.86% at Rs584.90. The bank has informed that the Bank has revised the following rates with effect from June 29, 2009. Bench-Mark Prime Lending Rate: Reduction by 50 basis points and the deposit Rates Reduction by 25 basis points.

Tata Steel Ltd is trading lower by 3.32% at Rs384.75. The company has announced the following Audited results for the year ended March 31, 2009.

The Company has posted a net profit of Rs 52017.40 million for the year ended March 31, 2009 as compared to Rs 46870.30 million for the year ended March 31, 2008.

Total Income has increased from Rs 199338.30 million for the year ended March 31, 2008 to Rs 246240.40 million for the year ended March 31, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.70%), (0.84%) and (0.55%) respectively.

Market Rebounds Smartly - June 26, 2009

2009-06-26T15:43:00.001+05:30

After robust opening, the key benchmark indices traded volatile with positive bias. Foreign funds have been on a selling drive recently after consistence buying during the past three months or so. Rollovers for the derivative contracts for June 2009 series, which expired on Thursday, 25 June 2009, were weak as against previous series as traders were cautious of rolling over existing positions ahead of the Union Budget 2009-10 scheduled in the first week of July 2009.

Meanwhile, Nifty has turned a free-float market capitalisation based index as against its earlier full-market capitalisation method.

As a consequence, weights of public sector undertakings - ONGC, NTPC, SAIL, Power Grid Corporation and National Aluminum Company, come down by at least 50%. Other stocks that will resume the pinch due to change in methodology include Bharti Airtel, Reliance Communications, Tata Consultancy Services, DLF and Wipro.

On the other side, Infosys Technologies, ICICI Bank, Larsen and Toubro, HDFC and HDFC Bank stand to gain from this change as their weightages almost double from earlier.

On the sectoral front, out of 13 Indices, 12 were traded in green and only 1 was in red. Banking stocks advanced on firm American depository receipt (ADRs) and hopes of financial sector reforms in the Union Budget 2009-10.

Metal stocks improved after LME, a gauge of six metals traded on the London Metal Exchange, climbed 1.52% on Thursday, 25 June 2009

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,553 stocks traded so far, 1,521 shares advanced while 937 shares declined. Nearly 95 shares are unchanged.

The BSE Sensex is trading higher by 232.57 points at 14,578.20 whereas NSE Nifty is up by 75.5 points at 4,317.35.

The BSE Mid Cap is trading higher by 80.02 points at 5,129.92 and Small cap is trading up by 78.63 points at 5,771.65.

Major gainers from the BSE Sensex pack are Sterlite Industries Ltd advanced 5.31% to Rs. 607.40 along with ICICI Bank 4.80% to Rs. 732.25, Larsen & Toubro Ltd gained 3.77% to Rs. 1585.20, BHEL Ltd improved 3.04% to Rs. 2198.00, Reliance Industries Ltd advanced 2.23% to Rs. 2,003.25, Hindalco Industries Ltd jumped 2.07% to Rs. 86.45, Bharti Airtel Ltd 2.02% to Rs. 814.00, Reliance Communication Ltd gained 2.01% to Rs. 306.50 and Infosys Technologies Ltd gained 1.86% to Rs. 1,790.50 among others.

Losers from the BSE Sensex Pack are Sun Pharmaceuticals Industries Ltd plunged 12.97% to Rs. 1,130.00 along with Tata Steel Ltd plunged 3.13% to Rs. 385.50, Ranbaxy Labs Ltd dipped 2.64% to Rs. 259.80, ONGC plunged 0.89% to Rs. 1,016.05, Mahindra & Mahindra Ltd 0.66% to Rs. 698.00, Housing Development Finance Co by 0.33% to Rs. 2,370.35, NTPC Ltd 0.21% to Rs. 194.00 and ITC Ltd slipped 0.13% to Rs. 193.85 among others.

The BSE Bankex is higher by 185.03 points or 2.32% at 8,155.89. Stocks trading in green are Karnataka Bank Ltd 4.81% to Rs. 145.00, ICICI Bank 4.80% to Rs. 732.25, Indus Ind Bank 4.31% to Rs. 89.55, Axis Bank Ltd by 3.27% to Rs. 802.75 and Kotak Bank 3.03% to Rs. 636.00 among others.

Indiabulls Financial Services Ltd spurted 4.99% to Rs. 185.20 after 15 lakh shares changed hands in two block deals on BSE and NSE combined.

Videocon Industries Ltd zoomed 4.04% to Rs. 173.95 on reports the company could join the race to acquire Great Offshore.

Apar Industries Ltd shrunk 8.65% to Rs. 115.05 after the company posted consolidated a net loss of Rs. 5.32 crore in the year ended March 2009 as compared to net profit of Rs 88.86 crore in the year ended March 2008.

J Kumar Infraprojects Ltd spurted 4.99% to Rs. 99.90 after the company bagged two orders aggregating Rs 8.56 crore.

Sun Pharmaceuticals Industries Ltd plunged 12.97% to Rs. 1,130.00 after reports the US drug regulator has seized generic drugs made by Caraco Pharmaceutical Laboratories, a US subsidiary of Sun Pharma.

Tata Power Company Ltd gained 1.38% to Rs. 1,169.95 after the company entered into a memorandum of understanding with group firm Tata Steel to set up a 525 megawatt power plant in Netherlands.

Cairn India Ltd gained 3.85% to Rs. 233.55 after crude oil prices surged over 2% on the New York Mercantile Exchange on Thursday, 25 June 2009.

Market Compact Outstanding Toward Global Cues - June 26, 2009

2009-06-26T15:37:00.003+05:30

Market after a firm start on account of strong global cues, the major Indian bourses have drifted down sharply from its high with group of large cap stocks encountering sharp resistance at higher level. However due to support from firm Asian markets the key benchmark indices Nifty and Sensex managed to hold on in the positive territory.

On stock specific move, Sun Pharmaceuticals tumbled by nearly 13% today, after US FDA seized 33 drugs from Michigan facility of Caraco, a subsidiary of Sun Pharma.

During the last hours'' trading session, buying interest has emerged across Capital Goods (CG), Realty and Banking stocks whereas moderate selling interest seen across Healthcare (HC) counter.

Among the BSE sectoral indices, CG, Realty and Banking stocks surged by 2.41%, 2.21% and 1.75% respectively.

Overall the market breadth is positive as 1,323 stocks are trading in green while 780 stocks are in red.

The BSE Sensex surged by 129.19 points at 14,474.82 while NSE Nifty is up by 45 points at 4,286.85. Besides, the BSE Mid Cap and Small Cap are trading higher by 71.66 points and 70.63 points at 5,121.56 and 5,763.65 respectively.

Gainers from the BSE Sensex Pack are L&T up by (3.56%) to Rs. 1,582.05, along with IICICI Bank by (3.32%) to Rs. 721.9, Sterlite Industries by (2.37%) at Rs. 590.45, DLF by (2.36%) at Rs.325.3, ACC Limited by (2.14%) at Rs. 798.7 and Reliance Communication Limited by (1.86%) at Rs. 306.05.

Gainers from the NSE Nifty Pack are Tata communication surged by (4.58%) at Rs. 479.05 along with Suzlon energy by (3.70%) at Rs. 121.95, L&T by (3.31%) at Rs. 1,580, ICICI Bank by (3.19%) at Rs. 722.3, Cairn India Limited by (2.70%) at Rs. 229.8 and SAIL by (2.67%) at Rs. 151.7.

BSE CG is trading higher by (2.41%) or 303.32 points at 12,882.38. The major gainers are Areva surged by (3.65%) at Rs. 344.60 along with L&T by (3.56%) at Rs. 1,582.05, Alstom project by (3.07%) at Rs. 507.10, Walchand Industries by (2.71%) at Rs. 216.40 followed by Praj Industries by (2.43%) at Rs. 99.

BSE Realty is trading higher by (2.21%) or 72.37 points at 3,340.66. The top gainers in the index are Indiabul Real by (3.55%) to Rs. 211.60 along with Anant Raj by (3.50%) to Rs. 97.60, Housing Dev by (3%) to Rs. 233.30, followed by DLF Limited by (2.36%) to Rs. 325.3.

Markets Gone Astray Additional Foundation - June 25, 2009

2009-06-25T16:06:00.002+05:30

The markets lost further grounds and slipped into the negative territory as traders are clearing off their positions on the last date of the expiry of the F&O series. The selling pressure emerged among the Auto, Oil & Gas, Power and Metal stocks. However, buying continued among the Realty, Banking, Consumer Durables and Pharma stocks. The broader market indices stocks also give up their early gains and are now trading marginally higher.

The BSE Sensex is now trading below the 14,400 mark while the NSE Nifty below the 4300 mark.

The overall market breadth is positive as 1500 stocks are advancing while 1046 stocks are declining in BSE.

HDFC reported the top gainer from the BSE Sensex pack, as it is trading up by (3.28%) at Rs. 2,385 while Tata Motors reported the top loser trading down by (5.25%) at Rs. 338.25.

The BSE Sensex is trading down by 35.28 points at 14,387.45 and the NSE Nifty is trading lower by 29.25 points or (0.68%) at 4,263.70.

The BSE Mid Cap increased by 22.71 points or (0..45%) to 5,082.55 and the BSE Small Cap grew by 27.96 points or (0.49%) to 5,746.99.

The Realty index is trading with gains of 48.33 points or 1.49% at Rs3,299.36. Gainers from this pack are Unitech trading up by 5.06% at Rs81.95 followed by Phoenix Mill by 4.47% at Rs98.15, Anant Raj In by 3.33% at Rs94.60, Sobha Developers by 1.61% at Rs201.60, Mahindra Life by 1.54% at Rs274 and Omaxe by 1.35% at Rs97.65.

The Auto index is trading lower by 78.36 points or 1.66% at 4,643.36. Losers from this pack are Tata Motors trading down by 5.10% at Rs338.80 along with Mahindra and Mahindra by 3.58% at Rs698, Exide Industries by 2.99% at Rs69.65, Maruti Suzuki by 2.48% at Rs1033.50, Hero Honda by 1.39% at Rs1425, MRG by 1.38% at Rs3325 and Escorts by 1.06% at Rs60.40.

The most active shares on NSE are Unitech trading at Rs 81.95 with a total traded quantity of 74502346 shares followed by Suzlon Energy trading at Rs.116.95 with a total traded quantity of 52244999 shares.

Unitech Limited is trading up by 5.51% at Rs82.30. The company has announced the following Audited results for the year ended March 31, 2009.

The Company has posted a profit after tax of Rs 7396.60 million for the year ended March 31, 2009 as compared to Rs 10306.80 million for the year ended March 31, 2008.

Total Income has decreased from Rs 29697.20 million for the year ended March 31, 2008 to Rs 24549.10 million for the year ended March 31, 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 (0.06%), (0.54% and (0.61%) respectively.

Market Traded Slow-Moving - June 25, 2009

2009-06-25T16:03:00.001+05:30

After spectacular opening, the key benchmark indices traded positive as gainers outnumbered the losers in the index pivotal. Firm trade in Asian markets have weighed on the buying momentum of our traders. Some nervousness was seen due to forecast of a below normal monsoon rains for the first time in four years and foreign funds have been on a selling drive recently after aggressively buying during the past three months or so.

On the sectoral front, out of 13 Indices, 8 were traded in green whereas 5 were in red. Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, climbed 4.8% overnight, the most since 19th March 2009. Auto stocks were lackluster on recent reports the government may hike fuel prices.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,536 stocks traded so far, 1,637 shares advanced while 821 shares declined. Nearly 78 shares are unchanged.

At 1.30PM, the BSE Sensex is trading higher by 75.78 points at 14,498.52 whereas NSE Nifty is up by 7.00 points at 4,299.95.

The BSE Mid Cap is trading higher by 58.06 points at 5,117.91 and Small cap is trading up by 66.86 points at 5,785.89.

Major gainers from the BSE Sensex pack are Housing Development Finance Co advanced 2.89% to Rs. 2,376.00 along with ICICI Bank Limited by 2.74% to Rs. 708.25, Grasim Industries Limited gained 2.62% to Rs. 2,383.20, Jaiprakash Associates Limited improved 2.46% to Rs. 218.65, Reliance Communication Limited advanced 2.26% to Rs. 308.30, Hindalco Industries Limited jumped 2.09% to Rs. 85.55, DLF Limited 1.83% to Rs. 326.35, Sterlite Industries India Limited gained 1.67% to Rs. 581.00 and ACC Limited gained 1.48% to Rs. 780.00 among others.

Losers from the BSE Sensex Pack are Tata Motors Limited plunged 4.12% to Rs. 342.30 along with Mahindra & Mahindra Limited plunged 3.29% to Rs. 700.05, ONGC Limited dipped 2.47% to Rs. 1,025.05, Maruti Suzuki plunged 2.25% to Rs. 1,036.00, Tata Steel Limited 2.07% to Rs. 398.15, NTPC Limited by 0.96% to Rs. 196.70, Hindustan Uniliver Limited 0.95% to Rs. 260.20 and ITC Limited slipped 0.65% to Rs. 197.35 among others.

The BSE Realty is higher by 97.30 points or 2.99% at 3,348.33. Stocks trading in green are Unitech Limited 7.63% to Rs. 83.95, Phoenix Mills 4.31% to Rs. 98.00, Anant Raj Industries 4.21% to Rs. 95.40, Penland Limited by 2.56% to Rs. 70.05 and Ansal Infrastructure 2.50% to Rs. 59.40 among others.

Sterlite Industries India Limited gained 1.67% to Rs. 581.00 tracking firmness in global copper after the US Federal Reserve''s comments yesterday, 24 June 2009, fuelled hopes of demand revival of the red metal globally.

HT Media Limited fell 0.10% to Rs. 97.25 despite a block deal of five lakh shares was executed on BSE at Rs. 97.50 per share.

JSL Limited retreated 4.94% to Rs. 84.60 after the company posted a net loss of Rs. 161.23 crore in Q4 March 2009 as compared to net profit of Rs. 53.11 crore in Q4 March 2008.

Jaiprakash Hydro-Power Limited galloped 5.95% to Rs. 91.75 on reports Jaiprakash Associates'' unlisted unit Jaiprakash Power Venture is set to merge with Jaiprakash Hydro-Power.

Navneet Publications (India) Limited surged 3.29% to Rs. 73.80, after net profit spurted 344.23% to Rs. 9.24 crore in Q4 March 2009 over Q4 March 2008.

Wyeth Limited advanced 2.59% to Rs. 596.55 after net profit surged 52.1% to Rs. 18.50 crore in Q4 March 2009 over Q4 March 2008.

Grasim Industries Limited gained 2.62% to Rs. 2,383.20. on reports it plans to absorb its unit UltraTech Cement, to consolidate the group''s cement business under one arm.

Indiabulls Financial Services Limited jumped 5% to Rs. 177.30, after a block deal of ten lakh shares was executed on BSE at Rs 173.25 per share.

ONGC Limited dipped 2.47% to Rs. 1,025.05 after net profit declined 16% to Rs. 2,206.76 crore on 12.3% fall in sales to Rs. 13,703.80 crore in Q4 March 2009 over Q4 March 2008.

ACC Limited gained 1.48% to Rs. 780.00, after a unit of the company entered into an agreement with the Madhya Pradesh State Mining Corporation for setting up a joint venture company for coal mining.

Asian Markets Across The Strong Sentiment With Marginal Gains - June 25, 2009

2009-06-25T15:58:00.001+05:30

After a positive start, the major domestic bourses are trading with marginal gains on the back of strong sentiments across the other Asian markets. On the other hand, covering of short positions on the last day of monthly derivatives contracts also helped to lift the investors’ sentiments. On a stock specific move, Jaiprakash Hydropower is trading higher by over 6% after a news that Jaiprakash Power Venture, a unit of construction firm of Jaiprakash Associates, is set to merge with Jaiprakash Hydro Power Limited.

During the last hours'' trading session, buying interest has emerged across Realty, IT and TECk stocks whereas moderate selling interest seen across FMCG and Oil & Gas counters.

Among the BSE sectoral indices, Realty, IT and TECk stocks surged by 2.88%, 1.67% and 1.61% respectively, while the FMCG and Oil & Gas indices declined by 0.31% and 0.06% respectively.

Overall the market breadth is positive as 1,583 stocks are trading in green while 548 stocks are in red.

The BSE Sensex surged by 77.73 points at 14,500.47 while NSE Nifty marginal down by 2.25 points at 4,290.7.

Besides, the BSE Mid Cap and Small Cap are trading higher by 59.09 points and 77.43 points at 5,118.94 and 5,796.46 respectively.

Gainers from the BSE Sensex Pack are Sterlite Industries up by (3.41%) to Rs. 590.95, along with Grasim Industries by (3.06%) to Rs. 2,393.3, Hindalco Industries by (2.39%) at Rs. 85.8, HDFC by (2.20%) at Rs. 2,360.05, Jaiprakash associates by (2.16%) at Rs. 218 and ICICI Bank Limited by (1.68%) at Rs. 700.9.

Losers from the NSE Nifty Pack are Tata Motors declined by (2.45%) at Rs. 348.5 along with ONGC by (2.36%) at Rs. 1,026.15, Mahindra and Mahindra Limited by (2.13%) at Rs. 709.1, Tata Steel by (1.94%) at Rs. 399.1, Hindustan Unilever Limited by (1.50%) at Rs. 259 and NTPC Limited by (1.44%) at Rs. 195.6.

BSE Realty is trading higher by (2.88%) or 93.63 points at 3,344.66. The major gainers are Phoenix Mill inclined by (9.53%) at Rs. 102.90 along with Unitech by (5.64%) at Rs. 82.40, Anant Raj Industries by (4.97%) at Rs. 96.10, Penland Limited by (3.22%) at Rs. 70.50 followed by Ansal Infra by (2.85%) at Rs. 59.60.

BSE IT is trading higher by (1.67%) or 54.46 points at 3,323.28. The top gainers in the index are Oracle finance by (3.95%) to Rs. 1,315 along with NIIT Limited by (3.65%) to Rs. 61.10, Patni Computers by (3.31%) to Rs. 260.50, followed by Rolta India by (3.11%) to Rs. 134.15.

Markets Gained Further Grounds - June 24, 2009

2009-06-24T15:15:00.002+05:30

The markets gained some grounds and are trading higher due to the sustained buying across the sectorial indices. The broader market indices stocks remained in focus today as both the BSE Mid Cap and the BSE Small Cap indices are now trading with a gain of more than 2% each. The significant amount of buying witnessed among the Power, Capital Goods, Pharma and Realty stocks.

The BSE Sensex is now trading above the 14,400 mark while the NSE Nifty above the 4250 mark.

The overall market breadth is positive as 1737 stocks are advancing while 747 stocks are declining in BSE.

TCS reported the top gainer from the BSE Sensex pack, as it is trading up by (4.67%) at Rs. 383.30 while Sterlite Industries reported the top loser trading down by (1.46%) at Rs. 568.75.

The BSE Sensex is trading up by 86.76 points at 14,410.77 and the NSE Nifty is trading marginally higher by 39.75 points or (0.94%) at 4,286.75.

The BSE Mid Cap increased by 103.42 points or (2.09%) to 5,045.76 and the BSE Small Cap grew by 114.52 points or (2.05%) to 5,706.92.

The Power index is trading with decent gains of 69.88 points or 2.50% at 2,868.05. Leading the rally are Torent Power trading up by 16.05% at Rs164.50 along with Suzlon Energy by 7.57% at Rs115.10, Crompton Greaves by 4.90% at Rs290, ABB by 3.92% at Rs750, Siemens by 3.88% at Rs484, GVK Power Infr by 3.14% at Rs41.10, Reliance Infra by 2.70% at Rs1256.50, Bhel by 1.87% at Rs2176 and GMR Infra by 1.29% at Rs140.90.

The Capital Goods index is trading higher by 281.71 points or 2.30% at 12,540.12. Gainers from this pack are Punj Lloyd trading up by 5.10% at Rs207 in line with Gammon India by 4.98% at Rs169.75, ABB by 4.07% at Rs751.05, Areva by 3.25% at Rs327.55, Thermax Limited by 2.25% at Rs401.90 and SKF India by 2.13% at Rs230.

The most active shares on NSE are Unitech trading at Rs 77.45 with a total traded quantity of 62291331 shares followed by Suzlon Energy trading at Rs.115.20 with a total traded quantity of 54056550 shares.

Religare Enterprises Limited is trading lower by 0.65% at Rs398. The company has announced the following results for the quarter & year ended March 31, 2009.

The Company has posted a net profit of Rs 58.160 million for the quarter ended March 31, 2009 as compared to Rs 110.689 million for the quarter ended March 31, 2008.

Total Income has decreased from Rs 154.621 million for the quarter ended March 31, 2008 to Rs 151.218 million for the quarter ended March 31, 2009.

On the global markets front, the European markets are now trading mixed as the FTSE 100 is trading down by (0.14%) while DAX and CAC 40 index are trading up by (0.30%) and (0.20%) respectively.

Market Traded Outside Contracted Collection - June 24, 2009

2009-06-24T15:09:00.002+05:30

Market after gap up opening, the key benchmark indices traded choppy. Some support was seen from rise in Asian stocks whereas worries about agricultural production due to uncertainty prevailing in monsoon kept the market fragile. Moreover, the market is skeptical about rolled over positions from June 2009 series to July 2009.

Rollover in the Nifty futures was 29.19% as at end of Tuesday''s trade. The rollover was 34.47% in Mini Nifty futures.

Among individual stocks, rollover has been weak in Wipro, Ranbaxy Lab, GAIL India, Reliance Capital and Steel Authority of India.

On the sectoral front, out of 13 Indices, 9 were traded in green whereas 4 were in red. IT stocks mixed after the World Bank said the US economy will shrink 3% in 2009 and also due to fluctuation in currency prices.

FMCG stocks mixed on delay in India’s annual monsoon. Capital Goods stocks advanced on hopes the government may boost spending on the infrastructure sector including increase in power generation. Bank stocks slipped after American depository receipts (ADR) fell overnight.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,459 stocks traded so far, 1,535 shares advanced while 848 shares declined. Nearly 76 shares are unchanged.

The BSE Sensex is trading higher by 45.04 points at 14,369.06 whereas NSE Nifty is up by 23.25 points at 4,270.25.

The BSE Mid Cap is trading higher by 94.14 points at 5,036.49 and Small cap is trading up by 99.03 points at 5,691.44.

Major gainers from the BSE Sensex pack are Jaiprakash Associates Limited advanced 3.73% to Rs. 208.80 along with Reliance Infrastructure Limited 2.68% to Rs. 1,256.25, DLF Limited by 2.18% to Rs. 323.30, Hindalco Industries Limited improved 2.08% to Rs. 83.25, Grasim Industries Limited advanced 2.01% to Rs. 2,273.50, Sun Pharmaceuticals Limited jumped 1.87% to Rs. 1,305.00, TCS Limited 1.80% to Rs. 372.80, Reliance Communication Limited by 1.74% to Rs. 301.25 and Larsen & Toubro Limited gained 1.01% to Rs. 1,501.00 among others.

Losers from the BSE Sensex Pack are Sterlite Industries Limited plunged 2.46% to Rs. 563.00 along with ICICI Bank Limited plunged 1.85% to Rs. 684.55, Mahindra & Mahindra Limited plunged 1.83% to Rs. 691.00, Housing Development Finance Co plunged 1.72% to Rs. 2,315.00, HDFC Bank Limited 0.59% to Rs. 1,476.80, Infosys Technologies Limited by 0.52% to Rs. 1,737.00, NTPC Limited 0.43% to Rs. 195.00 and Reliance Industries Limited slipped 0.35% to Rs. 2,009.00 among others.

The BSE Realty is higher by 101.75 points or 3.17% at 3,111.35. Stocks trading in green are Akruti City Limited 5.00% to Rs. 494.85, Indiabulls Realty 4.86% to Rs. 203.90, Omaxe Limited 3.62%% to Rs. 97.25, Parsvanath by 2.84% to Rs. 81.50 and Ansal Infra 2.75% to Rs. 57.90 among others.

Reliance Industries Limited slipped 0.35% to Rs. 2,009.00 on reports it will incur a loss if it sells natural gas from its D6 block in the Krishna-Godavari basin at $2.34 per million British thermal unit.

IRB Infrastructure Developers advanced 4.08% to Rs. 154.20 after it emerged as the lowest bidder for a national highway project in Rajasthan estimated at Rs. 1,500 crore.

Flawless Diamond (India) Limited zoomed 4.93% to Rs. 35.10 after the company said its board will meet on 1 July 2009 to consider stock split.

Orient Abrasives Limited spurted 2.98% to Rs. 39.80 after net profit jumped 63.4% to Rs 31.84 crore in the year ended March 2009 over the year ended March 2008.

Sun TV Network Limited jumped 5.24% to Rs. 249.00 ahead of its year ended March 2009 results later today, 24 June 2009.

Hindalco Industries Limited improved 2.08% to Rs. 83.25 after the government has imposed a safeguard duty on aluminium products imported from China.

Great Offshore Limited advanced 1.11% to Rs. 418.20 after Bharati Shipyard''s chief said the company will top a counter bid by rival ABG Shipyard for a controlling stake in Great Offshore.

Aurobindo Pharma Limited gained 4.77% to Rs. 479.00 after the company secured nod from South Africa''s Medicines Control Council to manufacture and market five more products in that country.

Dr Reddy''s Laboratories Limited gained 1.27% to Rs. 753.10 after the company launched Bispec, a drug which is useful for the management of over active bladder, in the domestic market.

Market Volatile: Metal And Banks Trading Lower - June 24, 2009

2009-06-24T15:05:00.001+05:30

Market after a positive start, the key benchmark indices turned volatile as sentiment across the board was hit by renewed economic worries. Going ahead, lack of prominent triggers from the home front to offset negative cues from global markets encourages the domestic investors to trade on a cautious path.

On a stock specific move, BPO service provider Firstsource Solutions is trading higher by over 1% after it bagged a five-year outsourcing deal worth Rs 145 crore from Idea Cellular. This will be for providing customer management and billing services in Idea’s Kerala and Tamil Nadu circles.

During the last hours'' trading session, selling pressure has emerged across Metal, Bankex and Oil & Gas stocks whereas moderate buying interest seen across Capital Goods (CG), Healthcare and Consumer Durables (CD) counters.

Among the BSE sectoral indices, Metal, Bankex and Oil & Gas stocks declined by 0.92%, 0.83% and 0.74% respectively, while the CG, HC and CD indices surged by 1.01%, 0.82% and 0.80% respectively.

Overall the market breadth is positive as 1,198 stocks are trading in green while 800 stocks are in red.

The BSE Sensex declined by 51.3 points at 14,272.7 while NSE Nifty down by 6.5 points at 4,240.5.

Besides, the BSE Mid Cap and Small Cap are trading higher by 48.35 points and 57.52 points at 4,990.69 and 5,649.92 respectively.

Losers from the BSE Sensex Pack are Sterlite Industries down by (3.29%) to Rs. 558.2, along with HDFC by (2.52%) to Rs. 2,296, ICICI Bank by (2.28%) at Rs. 681.55, Maruti Suzuki by (1.15%) at Rs. 1,040, Reliance Industries by (1.12%) at Rs. 1,993.55 and Tata Steel Limited by (1.10%) at Rs. 396.

Losers from the NSE Nifty Pack are Sterlite Industries declined by (3.09%) at Rs. 559 along with ICICI Bank by (2.23%) at Rs. 681.65, HDFC by (2.22%) at Rs. 2,312.9, Maruti Suzuki by (1.32%) at Rs. 1,039.4, ITC Limited by (1.29%) at Rs. 194.85 and RPL by (1.20%) at Rs. 123.5.

BSE Metal is trading lower by (0.92%) or 97.95 points at 10,514.07. The top losers in the index are Sterlite Industries declined by (3.29%) to Rs.558.2 along with Jindal steel by (1.82%) to Rs. 2,295, Tata Steel by (1.10%) to Rs. 396, followed by Welsp Guj SR by (0.97%) to Rs. 198.50.

BSE CG is trading higher by (1.01%) or 124.01 points at 12,382.42. The major gainers are Gammon India surged by (4.98%) at Rs. 169.75 along with Punj Llyod by (4.54%) at Rs. 205.9, Crompton Greaves Limited by (3.76%) at Rs. 286.85, Suzlon Energy by (3.18%) at Rs. 110.40 followed by Areva by (2.40%) at Rs. 324.85.

Markets Are Trading More Or Less Unmoved Mark - June 23, 2009

2009-06-23T15:53:00.002+05:30

The markets managed to recover all of its early losses and are now trading around the unchanged mark. The significant amount of buying witnessed among the Oil & Gas, Power and IT stocks. However, Metal, Consumer Durables, Banking and Realty stocks are still trading under pressure.

The BSE Sensex is now trading below the 14300 mark while the NSE Nifty above the 4240 mark.

The overall market breadth is negative as 827 stocks are advancing while 1640 stocks are declining in BSE.

Grasim Industries reported the top gainer from the BSE Sensex pack, as it is trading up by (3.30%) at Rs. 2,211 while ICICI Bank reported the top loser trading down by (4.50%) at Rs. 694.20.

The BSE Sensex is trading down by 36.98 points at 14,289.24 and the NSE Nifty is trading marginally higher by 3.45 points or (1.63%) at 4,238.70.

The BSE Mid Cap decreased by 27.18 points or (0.55%) to 4,903.33 and the BSE Small Cap fell by 59.22 points or (1.06%) to 5,540.35.

The Consumer Durables index is trading lower by 87.25 points or 3.08% at 2,742.01. Losers from this pack are Gitanjali GE trading down by 5.86% at Rs103.55 along with Titan Inds by 4.24% at Rs1105.65, Rajesh Exports by 2.98% at Rs43.95, Videocon Inds by 1.73% at Rs164.55 and Blue Star Limited by 1.29% at Rs298.15.

The Oil and Gas index is trading with gains of 180.88 points or 1.99% at 9,255.62. Gainers from this pack are Reliance Industries trading up by 2.75% at Rs2006.10 along with Reliance Petroleum by 2.35% at Rs124.15, ONGC by 2.17% at Rs1015.30, Essar Oil by 1.19% at Rs161.25, HPCL by 1.02% at Rs308.40, BPCL by 1.01% at Rs425.05, IOCL by 0.47% at Rs548 and Gail India by 0.46% at Rs283.

The most active shares on NSE are Unitech trading at Rs 75 with a total traded quantity of 58269698 shares followed by Suzlon Energy trading at Rs.105.25 with a total traded quantity of 52890136 shares.

Vishal Information Technologies Limited is trading lower by 1.85% at Rs53. The company has informed that the Board of Directors of the Company at its meeting held on June 23, 2009, inter alia, has recommend issue of Bonus Shares in the ratio of One new fully paid Equity Shares for every Two existing Equity Shares held by Shareholders as on Record Date.

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 (0.03%), (0.03%) and (0.02%) respectively.

Market Well Again On Or After Its Low - June 23, 2009

2009-06-23T15:44:00.002+05:30

After weak opening the key benchmark Indices remained choppy on weak Asian stocks. The pull back in the realty, metals and banking sector pulled the benchmark, with traders shedding off in these sectors on the back of news that the World Bank has cut its global growth forecast for the current year. Meanwhile, volatility was high as traders rolled over positions in the futures & options segments to July 2009 from June 2009 ahead of expiry of June 2009 contracts on Thursday, 25 June 2009.

On the sectoral front, out of 13 Indices, 4 were traded in green whereas 9 were in red. Oil stocks fell as fall in crude oil prices would result in lower realizations from crude sales for oil exploration companies.

IT stocks dipped on renewed economic worries as World Bank said the US economy will shrink 3% in 2009.

Auto stocks fell on profit taking. Realty stocks fell on profit taking. Metal stocks slipped after LMEX, a gauge of six metals traded on the London Metal Exchange, fell 5.39% overnight.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,446 stocks traded so far, 751 shares advanced while 1,635 shares declined. Nearly 60 shares are unchanged.

The BSE Sensex is trading lower by 94.96 points at 14,231.26 whereas NSE Nifty is down by 12.44 points at 4,222.80.

The BSE Mid Cap is trading lower by 55.09 points at 4,875.42 and Small cap is trading down by 89.00 points at 5,510.57.

Major gainers from the BSE Sensex pack are NTPC Limited advanced 2.77% to Rs. 196.30 along with Tata Motors Limited 2.61% to Rs. 342.30, Tata Power by 2.13% to Rs. 1,131.00, Reliance Industries Limited advanced 2.13% to Rs. 1994.00, ONGC Limited jumped 1.76% to Rs. 1,011.15, Sun Pharma Limited 1.62% to Rs. 1,305.00, State Bank of India by 1.44% to Rs. 1,719.20, TCS Limited by 1.43% to Rs. 375.05 and BHEL Limited gained 1.41% to Rs. 2,125.00.

Losers from the BSE Sensex Pack are ICICI Bank Limited plunged 4.07% to Rs. 697.30 along with Hindalco Industries Limited plunged 3.68% to Rs. 81.25, Sterlite Industries Limited plunged 2.85% to Rs. 577.00, HDFC Bank Limited plunged 2.71% to Rs. 1,498.40, ITC Limited 2.69% to Rs. 197.35, Larsen & Toubro Limited by 2.61% to Rs. 1,471.00, DLF Limited by 2.34% to Rs. 315.50 and ACC Limited 1.96% to Rs. 726.00 among others.

The BSE Realty is lower by 101.75 points or 3.17% at 3,111.35. Stocks trading in red are Orbitco plunged 4.98% to Rs. 153.45, Unitech Limited 4.96% to Rs. 73.80, Omaxe Limited 4.68%% to Rs. 91.60, Anant Raj by 4.55% to Rs. 87.10 and Sobha Developers 4.39% to Rs. 196.00.

Hindustan Dorr-Oliver Limited gained 1.21% to Rs. 88.00 after the company bagged an order worth Rs. 53.05 crore.

AIA Engineering Limited advanced 1.04% to Rs. 223.45, after five lakh shares changed hands in two block deals on BSE and NSE combined.

Gujarat Industries Power Company Limited fell 3.07% to Rs. 78.85 after net profit declined 16.6% to Rs. 85.32 crore in the year ended March 2009 over the year ended March 2008.

Great Offshore Limited zoomed 8.28% to Rs. 415.00 after ABG Shipyard made an open offer to buy stake in the former at Rs 375 per share, countering a bid by rival Bharati Shipyard.

Vishal Information Technologies Limited fell 0.19% to Rs. 53.90 after the company''s board recommended a 1:2 bonus issue.

Siemens Limited improved 0.43% to Rs. 462.60 after the company bagged an order worth Rs 112 crore.

ONGC Limited jumped 1.76% to Rs. 1,011.15 on reports the company has struck oil and gas in three new blocks.

Cairn India Limited plummeted 1.65% to Rs. 224.05 after crude oil prices slumped nearly 4% on the New York Mercantile Exchange on Monday, 22 June 2009.

Market Nosedives: Metal Among The Top Losers - June 23, 2009

2009-06-23T15:40:00.001+05:30

The pessimistic bearish global cues have pushed the domestic benchmark indices into the southward direction. Further, the profit booking pressure has crept in across the broader level due to lack of encouraging news in the domestic arena. On a stock specific move, NTPC is trading higher by nearly 1% after an acquisition of 44.6% stake in Kerala-based heavy-duty transformer maker Transformers and Electricals Kerala for Rs 31.34 crore.

During the last hours'' trading session, almost all the sectoral indices in the BSE are trading in the red territory.

Among the BSE sectoral indices, Metal, Realty and Bankex stocks dipped by 3.92%, 3.59% and 3.36% respectively, while BSE Oil & Gas is the alone index trading with a marginal gain of 0.02%.

Overall the market breadth is negative as 1,578 stocks are trading in red while 439 stocks are in green.

The BSE Sensex is down by 241.27 points at 14,084.95 while NSE Nifty declined by 63.35 points at 4,171.9.

Besides, the BSE Mid Cap and Small Cap are also trading lower by 103.86 points and 140.75 points at 4,826.64 and 5,458.81 respectively.

Losers from the BSE Pack are Hindalco Industries down by (6.46%) at Rs. 78.9 along with Jaiprakash associate by (5.60%) at Rs. 189.5, Sterlite Industries by (5.55%) at Rs. 561, ICICI Bank by (5.10%) at Rs. 689.8, DLF Limited by (4.52%) at Rs. 308.45 and Reliance Communication by (4.10%) at Rs. 284.3.

Losers from the NSE Sensex Pack are Sterlite Industries declined by (6.22%) to Rs. 557.5, along with Unitech Limited by (5.99%) to Rs. 73, Hindalco Industries by (5.93%) at Rs. 79.25, ICICI Bank Limited by (5.27%) at Rs. 692.5, National Aluminium Company by (4.94%) at Rs. 318.5 and ITC Limited by (4.53%) at Rs. 194.

BSE Metal is trading lower by (3.92%) or 422.65 points at 10,353.50. The major losers are JSW SL declined by (5.61%) at Rs. 552 along with Hindalco Industries by (6.46%) at Rs. 78.9, Sterlite Industries by (5.55%) at Rs. 561, National Aluminium by (5.08%) at Rs. 317.95 followed by Sesa Goa Limited by (4.58%) at Rs. 181.15.

BSE Realty is trading lower by (3.59%) or 115.43 points at 3,097.67. The top losers in the index are Unitech Limited declined by (5.86%) to Rs. 73.10 along with Omaxe Limited by (5.62%) to Rs. 90.70, Indiabul Real by (5.12%) to Rs. 184.50 followed by Housing Deve by (5%) at Rs. 210.

Markets Are Trading Near Living Low - June 22, 2009

2009-06-22T15:37:00.001+05:30

The markets lost further grounds and are now trading near the day’s low ahead of the expiry of the derivatives contracts later this week. Further the negative opening of the European markets also turned down the sentiments. The selling pressure was seen among the Oil & Gas, Power, Metal and Realty stocks. However, the buying interest was seen among the FMCG and Banking stocks.

The BSE Sensex is now trading below the 14400 mark while the NSE Nifty below the 4250 mark.

The overall market breadth is negative as 1109 stocks are advancing while 1407 stocks are declining in BSE.

ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading up by (2.58%) at Rs. 732.20 while Mahindra & Mahindra reported the top loser trading down by (4.36%) at Rs. 705.15.

The BSE Sensex is trading down by 171.04 points at 14,350.85 and the NSE Nifty is trading lower by 70.35 points or (1.63%) at 4,243.25.

The BSE Mid Cap decreased by 10.76 points or (0.22%) to 4,947.97 and the BSE Small Cap fell by 6.69 points or (0.12%) to 5,611.27.

The Oil and Gas index is trading lower by 281.33 points or 3% at 9,105.86. Losers from this pack are Reliance industries trading down by 3.43% at Rs1969.70 along with RPL by 3.39% at Rs122.45, RNRL by 3.30% at Rs89.45, Gail India by 2.57% at Rs280.10, BPAL by 2.02% at Rs415, Cairn India by 2.24% at Rs228.80, ONGC by 1.90% at Rs990.20 and IOCL by 1.50% at Rs543.50.

The Power index is trading with losses of 55.08 points or 1.95% at 2,776.68. Scrips from the losers pack are Crompton Greaves trading lower by 3.85% at Rs270 in line with Tata Power by 3.36% at Rs1125.20, GMR Infra by 3.34% at Rs 141.85, Neyveli Lignite by 2.76% at Rs118.10, NTPC by 2.73% at Rs192.70, Reliance Infra by 2.71% at Rs1228, Reliance Power by 1.96% at Rs172.45 and Suzlon Energy by 1.44% at Rs109.40.

The most active shares on NSE are IFCI trading at Rs 51.25 with a total traded quantity of 45298944 shares followed by Unitech trading at Rs.78.85 with a total traded quantity of 43284060 shares.

ONGC is trading down by 1.93% at Rs990.60. Oil & Natural Gas Corporation (ONGC) has made three oil and gas discoveries.

It has found oil in the Cambay basin, oil and gas in Matar area in Vadodara district (Gujarat) and gas in the Krishna-Godavari (KG) basin, according to the sources.

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 (1.19%), (1.36%) and (1.39%) respectively.

Market Traded Broken Up - June 22, 2009

2009-06-22T15:33:00.001+05:30

After fabulous opening the key bench market regained strength but that was short lived and fell into red. The volatility was high ahead of the expiry of June 2009 futures and options (F&O) contracts on Thursday, 25 June 2009. A likely revival of the south-west monsoon and higher Asian stocks supported the domestic indices.

Meanwhile, the reports that the government has doubled the base price for the long-overdue auction of 3G spectrum to Rs. 4,040 crore also added to the sentiments.

Through this, the Government will earn a minimum of Rs. 36,860 crore from the auctions which will help minimize the high fiscal deficit.

On the sectoral front, out of 13 Indices, 3 were traded in green whereas 10 were in red. Oil stocks plunged on reports Oil and Gas producers could be forced to pay royalties to the government on the basis of sale prices in the future that will have an impact on oil companies such as ONGC, Reliance Industries and Cairn India.

IT stocks advanced on reports the forthcoming Union Budget may extend the corporate tax holiday enjoyed by export-oriented units and software parks by three more years.

FMCG stocks gained on hopes the government will focus on the rural sector in budget. Bank stocks improved on higher advance tax payment in Q1 June 2009.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,504 stocks traded so far, 1,111 shares advanced while 1,311 shares declined. Nearly 82 shares are unchanged.

The BSE Sensex is trading lower by 90.81 points at 14,431.07 whereas NSE Nifty is down by 51.40 points at 4,262.20.

The BSE Mid Cap is trading higher by 1.10 points at 4,959.83 and Small cap is trading down by 0.94 points at 5,617.01.

Major gainers from the BSE Sensex pack are ICICI Bank Limited 2.91% to Rs. 734.50, along with ITC Limited advanced 1.45% to Rs. 202.60, Larsen & Toubro Limited 1.27% to Rs. 1,515.15, Housing Development Finance Co by 0.98% to Rs. 2,317.15, BHEL Limited advanced 0.36% to Rs. 2,098.00, Maruti Suzuki Limited 0.16% to Rs. 1,049.00 and Reliance Communication gained 0.46% to Rs. 306.55.

Losers from the BSE Sensex Pack are Tata Motors Limited plunged 3.42% to Rs. 333.50 along with NTPC Limited plunged 2.93% to Rs. 192.30, Reliance Industries Limited plunged 2.76% to Rs. 1,983.30, Reliance Infra Limited plunged 2.63% to Rs. 1,229.00, Mahindra & Mahindra Limited 2.35% to Rs. 720.00, Sun Pharma Limited by 2.26% to Rs. 1,283.80, TCS Limited by 2.15% to Rs. 372.65 and ONGC Limited 2.08% to Rs. 989.00 among others.

McNally Bharat Engineering Company Limited spurted 4.95% to Rs. 109.10, after the company bagged an order worth Rs 30.60 crore.

KEI Industries Limited jumped 4.97% to Rs. 26.40 after net profit galloped 158.95% to Rs. 16.78 crore in Q4 March 2009 over Q4 March 2008.

ABB Limited gained 0.13% to Rs. 742.70 after the company secured an order worth Rs 55 crore.

Reliance Communication gained 0.46% to Rs. 306.55 on reports it is in preliminary talks with China Mobile for a strategic alliance and a possible equity participation of 5-6%

Karnataka Bank Limited gained 0.22% to Rs. 133.65 after a block deal of five lakh shares was executed on NSE at Rs. 135.75 per share.

Four Soft Limited galloped 4.89% to Rs. 21.45 after net profit galloped 447.20% to Rs 1.97 crore in the year ended March 2009 over the year ended March 2008.

Indian Hotels Company Limited dipped 1.93% to Rs. 63.45 on profit selling after the stock surged 6.85% to Rs 64.70 in the previous trading session.

Container Corporation of India Limited surged 2.36% to Rs. 987.50 after credit rating agency, CARE assigned a ''AAA'' rating to the company.

ABG Shipyard Limited spurted 5.00% to Rs. 212.95 after consolidated net profit surged 47.1% to Rs. 171.15 crore in the year ended March 2009 over the year ended March 2008.

Market Volatile Along With Derivative Expiry - June 22, 2009

2009-06-22T15:28:00.002+05:30

Market After opening on a rousing note, the key benchmark indices turned volatile as June futures and options contracts set to expire on coming Thursday. Further the traders are squaring off their existing positions and building fresh ones in the July series. On a stock specific move, Reliance communication is trading higher by nearly 3%, after it informed that company is in talks with China Mobile for a strategic alliance and a possible equity participation of 5-6%.

During the last hours’ trading session, buying interest has emerged across Banking, Capital Goods (CG) and Realty stocks while selling pressure has emerged across Oil & Gas and Health Care (HC) counters.

Among the BSE Sectoral indices Bankex, CG and Realty surged by 2.02%, 1.81% and 1.69% respectively, whereas Oil & Gas and HC stocks declined by 1.24% and 0.06% respectively.

Overall market breadth is positive. Out of the total 2,077 stocks traded at BSE, 1,284 advanced, 720 declined while 73 remained unchanged.

The BSE Sensex is surged by 122.75 points at 14,644.64 while NSE Nifty up by 12 points at 4,325.6.

Besides, the BSE Mid Cap and Small Cap are trading higher by 69.13 points and 71.86 Points to 5,027.86 and 5,689.82 respectively.

Gainers from the BSE Sensex Pack are Jaiprakash Associate surged by (3.97%) to Rs. 208.2, along with ICICI Bank by (3.81%) to Rs. 740.95, Reliance Communication by (3.18%) at Rs. 314.85, DLF Limited by (2.54%) at Rs. 338.95, ACC Limited by (2.15%) at Rs. 766.8 and Sterlite Industries by (2.14%) at Rs. 619.7.

Gainers from the NSE Nifty Pack are ICICI Bank Limited up by (3.63%) at Rs. 739.95 along with Reliance Communication by (2.98%) at Rs. 314.15, Suzlon Energy by (2.97%) at Rs. 114.35, Axis Bank by (2.43%) at Rs. 774.5, ACC Limited by (2.31%) at Rs. 766.4 and DLF Limited by (2.31%) at Rs. 338.4.

BSE Bankex is trading higher by (2.02%) or 163.74 points at 8,274.78. The top gainers in the index are Bank of Baroda surged by (4.09%) to Rs. 451.55 along with Bank of India by (4.02%) to Rs. 350.25, Indian Overseas by (3.99%) to Rs. 84.65, ICICI Bank by (3.81%) at Rs.740.95 followed by Canara Bank by (3.66%) to Rs. 265.

BSE Oil & Gas is trading higher by (1.24%) or 116.72 points at 9,270.47. The major losers are ONGC declined by (2.50%) at Rs. 984.80 along with Cairn India by (2.35%) at Rs. 228.55, Indian Oil Corporation by (2.14%) at Rs. 540 followed by Reliance Industries by (1.35%) at Rs.2,012.

Markets Are Trading Near The Unmoved Stain - June 19, 2009

2009-06-19T15:38:00.001+05:30

The markets now shed most of their early gains and now trading flat as selling pressure emerged among the selective scrips. Further the negative opening of the European markets also turned down the sentiments. The significant selling is seen among the Oil & Gas and Realty stocks. However buying interest continued among the Capital Goods, IT, Pharma, FMCG and Metal stocks.

The BSE Sensex is now trading above the 14300 mark while the NSE Nifty below the 4250 mark.

The overall market breadth is negative as 969 stocks are advancing while 1577 stocks are declining in BSE.

Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading up by (3.12%) at Rs. 338.85 while NTPC reported the top loser trading down by (4%) at Rs. 194.45.

The BSE Sensex is trading up by 45.43 points at 14,310.96 and the NSE Nifty is trading lower by 7.15 points or (1.94%) at 4,244.25.

The BSE Mid Cap increased by 11.77 points or (0.24%) to 4,888.63 while the BSE Small Cap fell by 20.69 points or (0.37%) to 5,551.75.

The Capital Goods index is trading with gains of 267.23 points or 2.28% at 11,989.87. Gainers from this pack are Suzlon Energy trading up by 7.91% at Rs108.40 along with SKF India by 6.38% at Rs225.25, Kalpataru Power by 5.51% at Rs717.75, Alstom Projects by 3.40% at Rs439.60, Punj Lloyd by 2.61% at Rs188.55, Usha Martin by 2.69% at Rs53.45 and Thermax by 2.20% at Rs396.50.

The IT index is trading higher by 66.91 points or 2.09% at 3,269.37. Leading from the gainers pack are Finance Technologies trading higher by 3.28% at Rs1,286.90 followed by Mphasis by 3.28% at Rs381, Oracle Finance by 3.04% at Rs1220, Infosys by 2.59% at Rs1766.10, Patni Computers by 1.66% at Rs245,TCS by 1.57% at Rs385.70 and NIIT Limited by 0.28% at Rs54.50.

The most active shares on NSE are Unitech trading at Rs 76.25 with a total traded quantity of 57346983 shares followed by Suzlon Energy trading at Rs.107.80 with a total traded quantity of 56530523 shares.

Tata Consultancy Services is trading up by 1.38% at Rs385. The company announced the opening of its third global delivery center in Queretaro.

This represents a key milestone in the company''s expansion across Latin America and its Global Network Delivery Model, recognized as the benchmark of excellence in software development.

Trimurthi Drugs & Pharmaceuticals Limited is trading lower by 4.93% at Rs35.65. The company has informed that the Board of Directors of the Company at its meeting held on June 18, 2009, inter alia, has discussed on the issue of entering into an MOU with SKF life science, Represented by Mr. Arvind Kumar Bhangadia and noted the draft MOU put before the meeting and dicussed on SKF the various terms and conditions and finalized the draft MOU.

On the global markets front, the European markets managed to recover a bit from the early lows and are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up (1.06%), (0.05%) and (0.48%) respectively.

Market In Choppy Trade On The Back Of Asian Firm - June 19, 2009

2009-06-19T15:33:00.001+05:30

After tentative opening, the key benchmark indices hit intraday high in mid morning trade in choppy trade on the back of firm Asian stocks and higher US index futures. Back home, the indices snapped a four-day slide after upbeat US factory and jobs data provided more evidence that the global economy is recovering from its deep recession.

Meanwhile, investor expectations from the new government are high in financial sector in the shape of reforms such as increase in the cap on foreign direct investment in insurance sector to 49%, from 26% at present.

On the sectoral front, out of 13 Indices, 10 were traded in green whereas 3 were in red. Bank stocks advanced on higher advance tax payment in Q1 June 2009.

IT stocks advanced on reports the forthcoming Union Budget may extend the corporate tax holiday enjoyed by export-oriented units and software parks by three more years, as the government looks forward to clearing the air for companies in these segments reeling under a demand slump in key Western markets.

Auto stocks advanced on bargain hunting after a recent slide. Capital goods stocks advanced on hopes the government may boost spending on the infrastructure sector.

The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,552 stocks traded so far, 1,156 shares advanced while 1,313 shares declined. Nearly 83 shares are unchanged.

The BSE Sensex is trading higher by 13.68 points at 14,279.21 whereas NSE Nifty is down by 12.94 points at 4,238.45.

The BSE Mid Cap is trading higher by 1.80 points at 4,878.66 and Small cap is trading down by 11.23 points at 5,561.20.

Major gainers from the BSE Sensex pack are Tata steel Limited 4.37% to Rs. 406.00, along with Tata Motors Limited advanced 4.14% to Rs. 342.20, Larsen & Toubro Limited 2.94% to Rs. 1,456.95, Infosys Technologies Limited by 2.62% to Rs. 1,766.50, Sterlite Industries Limited advanced 2.34% to Rs. 603.00, Jaiprakash Associates Limited spurted 2.30% to Rs. 195.70, Reliance Infrastructure advanced 1.99% to Rs. 1,225.10 and BHEL Limited advanced 1.97% to Rs. 2,073.00 among others.

Losers from the BSE Sensex Pack are NTPC Limited plunged 2.89% to Rs. 196.70 along with ACC Limited plunged 2.42% to Rs. 740.00, Mahindra & Mahindra Limited plunged 2.21% to Rs. 725.05, ONGC Limited plunged 1.72% to Rs. 995.00, Tata Power Limited 1.24% to Rs. 1,162.20, ICICI Bank Limited by 1.12% to Rs. 696.00, Bharti Airtel by 0.28% to Rs. 803.00 and State Bank of India Limited 0.01% to Rs. 1,702.00 among others.

Punj Lloyd Limited jumped 4.27% to Rs. 191.60 on value buying after it shed 12.62% in preceeding two sessions.

Oriental Bank of Commerce Limited advanced 1.80% to Rs. 180.70 after a block deal of 4.43 lakh shares was executed on NSE at Rs 181 per share.

Bank of Baroda Limited advanced 0.13% to Rs. 429.20 after a block deal of 1.52 lakh shares was executed on NSE at Rs. 431.50 per share.

Jaiprakash Associates Limited spurted 2.30% to Rs. 195.70 after it raised Rs. 500 crore through sale of 2.5 crore treasury shares in a block deal on Thursday, 18 June 2009.

Lupin Limited advanced 0.16% to Rs. 819.00 after the company received US drug regulator''s nod for a generic drug.

Reliance Infrastructure advanced 1.99% to Rs. 1,225.10 on reports a consortium of the company and Hyundai Engineering is likely to win a contract worth Rs 1500 crore to connect Mumbai''s Bandra-Worli sea link with Haji Ali.

Dr Reddy''s Laboratories Limited advanced 1.38% to Rs. 740.50 after the company secured US drug regulator''s nod for a generic drug.

Opto Circuits India Limited spurted 4.33% to Rs. 156.75 after consolidated net profit surged 59.8% to Rs 209.80 crore in the year ended March 2009 over the year ended March 2008.

Market Trading Firm Support Through Large-Scale Cues - June 19, 2009

2009-06-19T15:27:00.002+05:30

After a gap up opening, the major Indian bourses are trading with fair gains after a heavy loss over the last couple of sessions. The equities of major indices bounced back strongly on account of sharp surge in global markets on the back of some positive data from US. On a stock specific news, Jaiprakash associates trading higher by nearly 3% after construction and cement major has raised Rs 500 crore through sale of 2.5 crore treasury shares in a block deal on Thursday.

During the last hours’ trading session, buying interest has emerged across Capital Goods (CG), Metal and IT while selling pressure has emerged across PSU.

Among the BSE Sectoral indices CG , Metal and IT surged by 3.15%, 2.21% and 2.20% respectively.

Overall market breadth is positive. Out of the total 2,126 stocks traded at BSE, 1,164 advanced, 896 declined while 66 remained unchanged.

The BSE Sensex is surged by 170.09 points at 14,435.62 while NSE Nifty up by 35.25 points at 4,286.65. Besides, the BSE Mid Cap and Small Cap are trading higher by 75.98 points and 52.81 Points to 4,952.85 and 5,625.25 respectively.

Gainers from the BSE Sensex Pack are Tata Motors Limited surged by (4.11%) to Rs. 342.1, along with L&T by (3.72%) to Rs. 1,467.9, Tata Steel by (3.66%) at Rs. 403.25, Jaiprakash associate by (3.08%) at Rs. 197.2, Reliance Infrastructure by (2.94%) at Rs. 1,236.6 and Reliance Communication by (2.88%) at Rs. 307.4.

Gainers from the NSE Nifty Pack are Suzlon Energy Limited up by (6.10%) at Rs. 106.15 along with L&T by (4.04%) at Rs. 1,473, Tata Steel Limited by (3.95%) at Rs. 403.65, Tata Motors by (3.81%) at Rs. 342.05, TCS by (3.68%) at Rs. 390.25 and ABB Limited by (3.52%) at Rs. 735.1.

BSE CG is trading higher by (3.15%) or 369.04 points at 12,091.68. The top gainers in the index are SKF India surged by (6.66%) to Rs. 225.85 along with Suzlon Energy by (6.12%) to Rs. 106.6, Kalpat Power by (5.11%) to Rs. 715, Lakshmi Ma by (5.07%) to Rs. 960 followed by Alstom Project by (4.90%) at Rs. 446.

BSE Metal is trading higher by (2.21%) or 237.68 points at 10,975.06. The major gainers are JSW SL surged by (4.10%) at Rs. 596.95 along with Ispat Industries by (3.76%) at Rs. 22.10, Tata Steel by (3.66%) at Rs. 403.25 followed by Welsp Guj SR by (3.40%) at Rs.197.90.

Markets Made A Slight Recovery From Session Low - June 18, 2009

2009-06-18T15:43:00.001+05:30

The markets have firmed up a bit after witnessing a sharp sell off today. The significant selling is seen among the Realty, Metal, Power, Capital goods and Consumer Durables stocks. However the sole IT index is bucking the trend today and is trading in positive. Further the negative opening of the European markets also turned down the sentiments. The secondline stocks are also witnessing huge selling pressure in the afternoon trade. The BSE Mid Cap is now trading with a cut of more than 2.5% and the BSE Small Cap index with a loss of more than 3.5%.

The BSE Sensex is now trading below the 14300 mark and the NSE Nifty near the 4300 mark.

The overall market breadth is negative as 433 stocks are advancing while 2119 stocks are declining in BSE.

Sun Pharmaceutical reported the top gainer from the BSE Sensex pack, as it is trading up by (1.64%) at Rs. 1,318 while ACC reported the top loser trading down by (8.43%) at Rs. 756.90.

The BSE Sensex is trading down by 193.03 points at 14,329.81 and the NSE Nifty is trading lower by 84.30 points or (1.94%) at 4,271.85.

The BSE Mid Cap decreased by 132.62 points or (2.64%) to 4,888.45 and the BSE Small Cap fell by 203.93 points or (3.52%) to 5,582.61.

The Realty index is trading with deep cut of 199.55 points or 5.89% at 3,186.95. Losers from this pack are MahindraLife trading lower by 13.16% at Rs249.10 along with HDIL by 10.42% at Rs218.70, Unitech by 9.89% at Rs75.65, Penland by 8.64% at Rs64, Indiabull Real by 6.24% at Rs187.10, Omaxe by 3.60% at Rs97.75, Akruti City by 5% at Rs503.90, Orbitco by 4.99% at Rs173.35, Ansal Infra by 4.78% at Rs57.75 and Anant Raj Inds by 4.48% at Rs99.20.

The Metal index is trading with losses of 531.31 points or 4.71% at 10,757.19. Leading from the losers pack are Jindal Saw trading down by 8.32% at Rs350 followed by JSW Steel by 8.29% at Rs580, Welspun Guj SR by 7.12% at Rs188.50, Ispat Inds by 6.70% at Rs21.60, Tata Steel by 6.35% at Rs390.50, NMDC by 5% at Rs364.20, SAIL by 4.27% at Rs151.40, Gujarat NRE Coke by 4.79% at Rs44.70 and Hind Zinc by 4.29% at Rs598.85.

The most active shares on NSE are Unitech trading at Rs 76.10 with a total traded quantity of 83604538 shares followed by IFCI trading at Rs.50.55 with a total traded quantity of 46757321 shares.

Tata Teleservices is trading up by 1.83% at Rs36.15. Israel based ECI Telecom bagged a $70 mn contract from Tata Teleservices on Wednesday to deliver the fixed-broadband access network across India. ECI has already rolled out the service for Tata Tele in Hyderabad as well as Bangalore, Delhi, Ahmedabad, Vizag, Vijayawada, Surat and Baroda.

The broadband solution of ECI would enable TTSL to offer triple-play services and applications such as IPTV as well as video on demand, high speed broadband internet, VoIP and other bandwidth intensive services.

On the global markets front, the European markets are trading lower as the FTSE 100, DAX and CAC 40 index are trading down (0.45%), (0.35%) and (0.36%) respectively.