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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.