Markets closed with hefty gains. It showed no signs of weakness during the day and also ignored the higher inflation number. Inflation for the week-ended April 19 is at 7.57% versus 7.33%, at a 42-month high. On the sectoral front, the BSE bankex has outperformed the other sectoral indices; it was up nearly 4%.
The Sensex was up 312.81 points or 1.81% at 17600.12, and the Nifty up 62.30 points or 1.21% at 5228.20.
About 1480 shares have advanced, 1393 shares declined, and 209 shares are unchanged.
The BSE bankex was up 322.50 points or 3.66% at 9,142.18. Stocks like ICICI Bank, Federal Bank, Bank of India, Kotak Mahindra and Karnataka Bank surged.
The BSE auto index was up 135.15 points or 2.86% at 4,861.15. Stocks like Escorts, Maruti Suzuki, Punj Tractors, TVS Motor and Ashok Leyland flared up.
The BSE realty index was up 213.20 points or 2.51% at 8,718.69. Stocks like HDIL, Ansal Properties, Indiabulls Real, Unitech and DLF moved up.
The BSE IT index was up 96.65 points or 2.27% at 4,358.58. Stocks like Financial Tech,Tech Mahindra,HCL Tech, Wipro and Satyam spurted up.
The BSE capital good index was up 313.62 points or 2.25% at 14,244.87. Stocks like L&T, Rel Ind Infra, Greaves Cotton, Praj Industries and Carborundum closed in green.
The BSE oil & gas index was up 209.58 points or 1.82% at 11,715.37. Stocks like IOC, Petronet LNG, HPCL, Reliance, and Essar Oil ended positive.
The BSE FMCG index was up 13.07 points or 0.53% at 2,474.45. Stocks like Colgate, Godrej Consumer,Marico,Tata Tea, and United Spirits advanced.
The NSE cash turnover was at Rs 15284.57 crore and the NSE F&O turnover was at Rs 36304.41crore. The BSE cash turnover was Rs 6582.12 crore. Total market wide turnover was at Rs 58171.1 crore.
Markets Snapshot
Markets end strong shrugging off infltaion data which came at 42-mth high
Inflation for week wnded April 19 at 7.57% Vs 7.33%; CNBC-TV18 Poll Saw 7.27%
Sensex ends up 313 pts at 17600; Nifty up 62.3 pts at 5228.2
CNX Midcap Index up 1.2%, BSE Small-cap Index up 0.55%
All BSE Sectoral indices end in the green barirng metal index
Index gainers; REL up 6.7%, L&T up 4.4%, HCL Tech up 3%
BSE Bank Index up 3.6%; ICICI Bank up 6.5%, SBI up 2.7% on better than expected results
Auto stock gain after release of monthly auto numbers; BSE Auto Index up 2.8%; MUL up 6.2%, Tata Mot up 4%, M&M up 3.14%
BSE Metal Index down 1.5%; Sterlite down 4.2%, Hindalco down 4%, Tata Steel down 2.5%
HDIL up nearly 10% as the co gets govt nod for airport slum rehabilitation project
Reliance Power: acquires 3 coal mines in South Sumatra, Indonesia
Buzzers: IndusInd Bank up 13.2%, Graphite India up 20%, Mt Everest Mineral up 10%, SREI Infra up 16.2%
NSE Advance Declian ratio at 7:5
Total market turnover at Rs 58171 cr Vs Rs 57266 cr on Wednesday
Nifty futures turnover at Rs 36304 cr Vs Rs 33950 cr on Wednesday
FNO SNAPSHOT
Nifty shuts above 5200 mark for the first time since Feb 29th
Nifty Adds 15 lakh shares in OI; May premium shoots up over 20 points
Nifty 5000 Put Adds 6.3 shares in OI; 5400 Call adds 6.9 lakh shares
Nifty 5200 Call Adds 4.7 lakh sharse; Nifty 5200 Put Adds 4.5 lakh shares in OI
Banks, Power see strong OI buildup with a long bias
Metals see short buildup
Reliance Power sees significant June Buildup; rollover at 32%
Fresh Longs:
Momentum Stocks: IFCI, RNRL
Power: NTPC, R Power, REL
Banks: DCB, Indus Ind Bank, SBI
Mid Caps: Petronet LNG, Arvind Mills, Escorts, Finan Tech
Realty: HDIL, Ansal Prop
Fresh Shorts:
Metals:Hindalco, Tata Steel, SAIL
Shree Renuka
Short Covering:
Kotak Mah Bank, JP Ass, REl Cap, MTNL
Long Unwinding:
REC, TTML, Lanco Infratech, Aptech
ASIA TODAY
Straits Times up 2.8%, Nikkei up 2%, Hang Seng up 1.9%, Jakarta up 1.7%
Shanghai market is closed on account of Labor Day (gained 4.8% yesterday)
Financials in Sigapore such as DBS Group & United Overseas Bank led
Taiwan Flows
Taiwan: FIIs net buy equities worth $ 36.7 m in today’s trade (Prov)
FIIs sold equities worth $ 903 m during Apr month
Data to Watch
Nonfarm payroll employment
Result: American Tower Corp, The Washington Post Company
Markets This Week
Sensex Up 2.8%, Nifty Up 2.2%
CNX Midcap Index Up 3.5%; BSE Small Cap Index Up 1.5%
Nifty Gainers
HCL Tech Up 14%, REL Up 12%, Satyam Up 11%, M&M Up 9%
Nifty Losers
Grasim, Siemens Down Over 10% Each,~Cipla Down 5%, ACC Down 4%
BSe IT Index Up 7%; Satyam Up 11%,~Wipro Up 8%, Infy, TCS Up 6% Each
BSE Realty Index Up 7%; Unitech Up~10%, DLF Up 8%, HDIL Up 17%
BSE Auto Index Up 5.6%; Tata Mot Up~8%, Maruti Up 7%, Hero Honda Up 5%
BSE Bank Index Up 3.3.%; SBI Up~4%, OBC Up 6%, HDFC Bank Up 2.5%
Mkts surge; Bank, auto, power up over 2%
Markets continue to maintain its upward momentum. Buying interest is seen in bank, auto, power; they are up over 2%. Power, capital goods, IT, oil & gas and reality stocks are also trading with good gain. However metal index is down 1.5%. Inflation for week ended April 19 is at 7.57% versus 7.33%, at a 42-month high.
At 13.50 pm, the Sensex is up 231.09 points or 1.34% at 17518.40, and the Nifty up 50.90 points or 0.99% at 5216.80.
About 1581 shares have advanced, 1287 shares declined, and 214 shares are unchanged.
Maruti Suzuki, Reliance Infra, Jaiprakash Asso and ICICI Bank were among the top gainers on the indices.
However, the top losers on the bourses are Hindalco, Reliance Comm, Tata Steel, Sterlite Ind and Hindalco.
Market flares; Inflation at 42-mth high
Markets continue to trade higher and show no signs of weakness. Even inflation numbers have come out higher than market expectation. Inflation for week ended April 19 is at 7.57% versus 7.33%, at a 42-month high. The BSE bank, auto, IT and power indices are witnessing buying interest and are up over 2% each.
At 12.02 hrs IST, the Sensex is up 228.20 points or 1.32% at 17515.51, and the Nifty up 52.70 points or 1.02% at 5218.60.
About 1669 shares have advanced, 1186 shares declined, and 227 shares are unchanged.
Reliance Infra, Maruti Suzuki, Jaiprakash Asso and M&M are top gainers on the bourses.
However, top losers on the bourses are Hindalco, Reliance Comm, Tata Steel and Sterlite Ind.
Mkts off day’s high; Bank, IT, power, auto surge
Markets are trading in green but off day’s high. The BSE banking index has outperformed the other sectoral indices; it was up over 2% at 9029.
At 10.42 am, the Sensex is up 195.45 points or 1.13% at 17482.76, and the Nifty up 47.80 points or 0.93% at 5213.70.
About 1816 shares have advanced, 1044 shares declined, and 222 shares are unchanged.
Top gainers on the Sensex are Reliance Infra, Wipro and Jaiprakash Asso.
Top losers on the Sensex are Hindalco, Reliance Comm and HDFC.
The BSE IT, power, auto and realty indices are up over 1%.
The most active shares on BSE Reliance Infra, Titagarh Wagons and Rel Capital.
Market opens higher; Nifty above 5200
The markets have opened with smart gains mirrior global peers. Nifty breached 5200 mark. The BSE bankex, realty, power, IT stocks witnessing buying interest.
At 9.56 am, the Sensex is up 302 points at 17590, and the Nifty is up 85 points at 5259.
ICICI Bank, Satyam, DLF, Unitech, Tata Motors are among major gainers.
Fertiliser stocks like Chambal Fertilisers and Nagarjuna Fertilisers are trading with over 3% gain.
Asian Markets:
Asian markets were trading higher. Japan’s Nikkei was up 1.80% or 247.54 points at 14,014.40. Hong Kong’s Hang Seng surged 2.15% or 554.65 points at 26,310. Taiwan’s Taiwan Weighted advanced .072% or 64.42 points at 8,984.34. Singapore’s Straits Times rose 2.43% or 76.34 points at 3,224.13.South Korea’s Seoul Composite gained 1.11% or 20.33 points at 1,845.80.
US Markets:
Fed’s 25 basis point cut doesn’t keep Wall Street jittery for too long. Stocks on yesterday rise to the highest level since January after a rally in dollar and strong technology earnings. The Dow gained 189.87 points, or 1.48%, to 13,010. The Standard & Poor’s 500 index advanced 23.75 points, or 1.71%, to 1,409.34. The Nasdaq composite index surged 67.91 points, or 2.81%, to 2,480.71.
Market cues:
Inflation data to be released today
DJ poll indicates inflation at 7.42% for week ended April 19
FIIs net buy $85.6 mn in equity on Apr 29
MFs net buy Rs 381.5 cr in equity on Apr 29
NSE F&O Open Int up by Rs 2318 crore at Rs 63175 crore
F&O cues:
Futures Open Int up by Rs 420 crore and Options Open Int up by Rs 1,898 crore
Nifty Futures add 4 lakh shares in OI, at 24-pt premium
Nifty Open Interest PCR at 1.47 Vs 1.36
Nifty Puts add 25 lakh shares in Open Interest
Nifty Calls add 7 lakh shares in Open Interest
Nifty 5200 Put adds 5.4 lakh shares in Open Interest
Nifty 5000 Put adds 4.3 lakh shares in Open Interest
Nifty 5100 Put adds 4 lakh shares in Open Interest
Nifty 5200 Call adds 2.4 lakh shares in Open Interest
Nifty 5300 Call adds 2.3 lakh shares in Open Interest
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