Wed, Dec 5, 2012 at 15:45PM
Markets end marginally up.
Markets ended higher amid hopes that the UPA-led government has the required majority to win the vote in Parliament on FDI in multi-brand retail later today. Sensex provisionally ended up 60 points at 19,408 and Nifty ended up 18 points at 5,907.
Among the sectoral indices, Realty, Metal were the top index gainers, up 2-3% followed by Oil & Gas, Bankex and PSU indices which added 0.5-0.7%, also Metal shares gained on reports of higher demand from China, the world's largest consumer of copper and aluminum. The top gainers were Sterlite, Sesa Goa, Hindalco, JSW Steel, Tata Steel and SAIL which gained 2-5%.On the other hand, IT, Power and Health Care closed for the day in the red losing 0.5-1%. IT shares were in the red on fears that Cognizant Technology Solutions Corp may issue lower revenue growth guidance for 2013 based on compensation targets for top executives, dealers said. The draggers in this space were Infosys, Wipro and HCL Tech down 1-2%. TCS closed down 0.1%. BSE mid-cap and small-cap indices rose 0.4% each, marginally outperforming the Sensex which was up 0.3%. The overall breadth was strong as 1,692 stocks advanced while1 1,228 stocks declined on the BSE.
Among the sectoral indices, Realty, Metal were the top index gainers, up 2-3% followed by Oil & Gas, Bankex and PSU indices which added 0.5-0.7%, also Metal shares gained on reports of higher demand from China, the world's largest consumer of copper and aluminum. The top gainers were Sterlite, Sesa Goa, Hindalco, JSW Steel, Tata Steel and SAIL which gained 2-5%.On the other hand, IT, Power and Health Care closed for the day in the red losing 0.5-1%. IT shares were in the red on fears that Cognizant Technology Solutions Corp may issue lower revenue growth guidance for 2013 based on compensation targets for top executives, dealers said. The draggers in this space were Infosys, Wipro and HCL Tech down 1-2%. TCS closed down 0.1%. BSE mid-cap and small-cap indices rose 0.4% each, marginally outperforming the Sensex which was up 0.3%. The overall breadth was strong as 1,692 stocks advanced while1 1,228 stocks declined on the BSE.
Wed, Dec 5, 2012 at 14:30PM
Markets marginally positive.
Markets after trimming the early gains is now trading marginally positive. Sensex up by 56.89 points or 0.29% at 19,405.01 and Nifty up by 10.05 points or 0.17% at 5,898.05. Sensex is up 0.35 percent at 19,416.51 and the Nifty gains 0.24 percent to 5,903.85, keeping gains before lawmakers vote on government move to allow FDI in retail.
State Bank of India shares up 1.66 percent. Diwakar Gupta, managing director and chief financial officer at SBI told reporters on Wednesday that the Indian government is looking to infuse 40 billion rupees in the bank. Tata Motors shares rose 2.3 percent, buoyed by a Morgan Stanley report which maintained its 'overweight' rating and is optimistic of a strong rebound in sales in Jan-March quarter. Property developer DLF Ltd shares up 3 percent on hopes of strong pick up in new launches in the second half of FY13 on the back of favourable product-mix skewed towards premium/luxury segment or plotted development, dealers say. Traders say mid-cap and small-cap indexes continue to outperform the benchmark, in a sign of structural bullishness.
State Bank of India shares up 1.66 percent. Diwakar Gupta, managing director and chief financial officer at SBI told reporters on Wednesday that the Indian government is looking to infuse 40 billion rupees in the bank. Tata Motors shares rose 2.3 percent, buoyed by a Morgan Stanley report which maintained its 'overweight' rating and is optimistic of a strong rebound in sales in Jan-March quarter. Property developer DLF Ltd shares up 3 percent on hopes of strong pick up in new launches in the second half of FY13 on the back of favourable product-mix skewed towards premium/luxury segment or plotted development, dealers say. Traders say mid-cap and small-cap indexes continue to outperform the benchmark, in a sign of structural bullishness.
Wed, Dec 5, 2012 at 13:30PM
Markets marginally positive.
Markets have trimmed the gains and are trading marginally positive while investors remain cautious ahead of key FDI vote in Parliament later today that will test the Congress-led UPA government's ability to push through key reforms. At moment, Sensex is up by 81.40 points or 0.42% at 19,429.52 and Nifty is up by 23.15 points or 0.39% at 5,912.15.
United Spirits and Jet Airways have moved up sharply on strong volumes. While United Spirits has gained about 2.5%, Jet Airways is trading 2.7% up. Tata Motors, Punjab National Bank, State Bank of India, Bank of Baroda, Axis Bank, IDFC, Reliance Infrastructure, Larsen & Toubro, Reliance Industries, BPCL, Hero Motocorp, Asian Paints, ITC, ACC, Grasim Industries, Ambuja Cements and Siemens are all trading in positve territory with smart gains.
Among capital goods stocks, Bharat Earth Movers is up as much as 8.7%, Punj Lloyd is up nearly 4% and AIA Engineering Crompton Greaves and Praj Indsutries are up by about 2%. Alstom T&D, Havells India, Suzlon Energy and Jindal Saw are also trading notably higher.
United Spirits and Jet Airways have moved up sharply on strong volumes. While United Spirits has gained about 2.5%, Jet Airways is trading 2.7% up. Tata Motors, Punjab National Bank, State Bank of India, Bank of Baroda, Axis Bank, IDFC, Reliance Infrastructure, Larsen & Toubro, Reliance Industries, BPCL, Hero Motocorp, Asian Paints, ITC, ACC, Grasim Industries, Ambuja Cements and Siemens are all trading in positve territory with smart gains.
Among capital goods stocks, Bharat Earth Movers is up as much as 8.7%, Punj Lloyd is up nearly 4% and AIA Engineering Crompton Greaves and Praj Indsutries are up by about 2%. Alstom T&D, Havells India, Suzlon Energy and Jindal Saw are also trading notably higher.
Wed, Dec 5, 2012 at 12:45PM
Markets trading sideways.
Markets are trading sideways with Sensex up by 56.89 points or 0.29% at 19,405.01 and Nifty up by 10.05 points or 0.17% at 5,898.05.
Wed, Dec 5, 2012 at 11:00AM
Market pares modest early gains.
Markets which started off on a strong note, now have pared the modest early gains, as selling in IT counter continued to weigh on the index. Sensex up by 46.86 points or 0.24% at 19,394.98 and Nifty up by 9.15 points or 0.16% at 5,898.15.
Markets continue to remain strong with sectoral indices small-cap up nearly 0.7% and mid-cap index remained steady with 0.4% gains, while IT slipped over 1% and power turned flat with a negative bias and Metal, Realty and Capital Goods retained their 1% gain each. Auto, Bankex, PSU and Consumer Durables up 0.5% each were the other major index gainers.
Among individual stocks, Tree House Education and Accessories soared 16% to Rs 275 after the board of educational services providers approved the allotment of equity shares to Aditya Birla Private Equity and ON Mauritius on preferential basis.
Markets continue to remain strong with sectoral indices small-cap up nearly 0.7% and mid-cap index remained steady with 0.4% gains, while IT slipped over 1% and power turned flat with a negative bias and Metal, Realty and Capital Goods retained their 1% gain each. Auto, Bankex, PSU and Consumer Durables up 0.5% each were the other major index gainers.
Among individual stocks, Tree House Education and Accessories soared 16% to Rs 275 after the board of educational services providers approved the allotment of equity shares to Aditya Birla Private Equity and ON Mauritius on preferential basis.
Wed, Dec 5, 2012 at 10:00AM
Markets opens positive.
Markets started off on a strong note with Sensex gaining up 62 points at 19,410 and Nifty gaining 25 points to open at 5,913. In the broader markets, the mid-cap and small-cap indices gained 0.5% outperforming in the Sensex which was up 0.4%.
Among the sectoral indices, Realty, Metal, Auto, Capital Goods, Health Care, PSU, Power and Bankex indices started off 0.5-1% higher in opening trades, while IT index was flat with a negative bias. Among top gainers were like Sterlite, Tata Steel, Jindal Steel and Hindalco up 1-2%. Cipla, BHEL, Sun Pharma, SBI and Tata Motors which gained 1% each were the other notable gainers. Bharti Airtel,Infosys and Tata Power down 0.2-1% were the only stocks in the red. In individual stocks,BEML rallied 5% to Rs 306 after the state-owned company said that it has received orders worth of Rs 523 crore from the Indian railways and from Saudi Arabia. Overall market breadth was very strong on, 856 stocks advanced while 208 stocks declined.
Among the sectoral indices, Realty, Metal, Auto, Capital Goods, Health Care, PSU, Power and Bankex indices started off 0.5-1% higher in opening trades, while IT index was flat with a negative bias. Among top gainers were like Sterlite, Tata Steel, Jindal Steel and Hindalco up 1-2%. Cipla, BHEL, Sun Pharma, SBI and Tata Motors which gained 1% each were the other notable gainers. Bharti Airtel,Infosys and Tata Power down 0.2-1% were the only stocks in the red. In individual stocks,BEML rallied 5% to Rs 306 after the state-owned company said that it has received orders worth of Rs 523 crore from the Indian railways and from Saudi Arabia. Overall market breadth was very strong on, 856 stocks advanced while 208 stocks declined.
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