Market Trading With Dull Sentiments - July 30, 2009

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

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

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

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

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

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

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

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

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

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

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

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.