Tue, Jan 01, 2013 at 17:30 PM
Markets ended firm.
Markets ended higher after US policy makers reached an agreement late on Monday, 31 December 2012, to avert the imminent fiscal cliff of wide-reaching tax hikes and deep spending cuts in the world's biggest economy. Sensex, after opening at 19,513.45 touched a high of 19,623.76 finally closing up by 154.1 points or 0.79% at 19,580.81, while Nifty closed up by 45.85 points or 0.77% at 5,951, after opening at 5,937.65 and touching high of 5,963.90.
Sectoral wise, all indices were trading in the positive zone. Realty index gaining by 2.7%, Metal, Bankex and Capital Goods by 1-2% each. Metal shares gained on upbeat Chinese manufacturing data from HSBC which was announced yesterday. Jindal Steel ∓ Power Limited gaining, up by 3.26%, following Hindalco, Sterlite, Tata Steel and Coal India surging between 1-2.5%. BHEL was up by 2%, followed by SBI and ICICI Bank. Hindustan Unilever Limited, Coal India, Bharti Airtel were some of the other key gainers.
Shares of interest rate sensitive sectors mainly banking and real estate are in focus on optimism of Reserve Bank of India (RBI) easing monetary policy this month. Capital goods shares rose on renewed buying. However, NTPC slipped down by 0.7%. Kalindee Rail was up by 2%, Coromandel Engineering up by 5% and Titagarh Wagons advancing up by 2.8%.
Tyre stocks were in demand. MRF rallied 3.5%,JK Tyre was up 2.5% and Ceat Tyres added 1.8% in trades. TVS Motor Company rose 2% at Rs 42.60 after its total sales declined 8.33% to 1.56 lakh units in December 2012 over December 2011. HDFC Bank gained by 1% after lowering its base rate/or the minimum rate of interest it can charge borrowers by 0.1 percentage point, factoring in a reduction in its funding cost.
Overall market breadth was positive, out of 3,041 stocks traded, 1,930 shares advanced while 977 shares declined.
Sectoral wise, all indices were trading in the positive zone. Realty index gaining by 2.7%, Metal, Bankex and Capital Goods by 1-2% each. Metal shares gained on upbeat Chinese manufacturing data from HSBC which was announced yesterday. Jindal Steel ∓ Power Limited gaining, up by 3.26%, following Hindalco, Sterlite, Tata Steel and Coal India surging between 1-2.5%. BHEL was up by 2%, followed by SBI and ICICI Bank. Hindustan Unilever Limited, Coal India, Bharti Airtel were some of the other key gainers.
Shares of interest rate sensitive sectors mainly banking and real estate are in focus on optimism of Reserve Bank of India (RBI) easing monetary policy this month. Capital goods shares rose on renewed buying. However, NTPC slipped down by 0.7%. Kalindee Rail was up by 2%, Coromandel Engineering up by 5% and Titagarh Wagons advancing up by 2.8%.
Tyre stocks were in demand. MRF rallied 3.5%,JK Tyre was up 2.5% and Ceat Tyres added 1.8% in trades. TVS Motor Company rose 2% at Rs 42.60 after its total sales declined 8.33% to 1.56 lakh units in December 2012 over December 2011. HDFC Bank gained by 1% after lowering its base rate/or the minimum rate of interest it can charge borrowers by 0.1 percentage point, factoring in a reduction in its funding cost.
Overall market breadth was positive, out of 3,041 stocks traded, 1,930 shares advanced while 977 shares declined.
Tue, Jan 01, 2013 at 14:30 PM
Markets holding its ground.
Markets after firm positive start is holding its ground, amid US policy makers reaching an agreement late on Monday, 31 December 2012, to avert the imminent fiscal cliff of wide-reaching tax hikes and deep spending cuts in the world's biggest economy. Sensex, after opening at 19,513 touched a high of 19,623 is trading at 19,602.50 up by 175.79 points or 0.90%, while Nifty is up by 52.15 points or 0.88% at 5,957.15 after opening up by 5,937.65 touched a high of 5,963.90.
Sectoral wise, Realty index gaining by 2.3% followed by Metal, Bankex and Capital Goods adding 1-2% each.
Jindal Steel spurted 2.5% following Hindalco, Tata Steel and Sterpite surged 2-2.5% each. BHEL was up 2%, followed by SBI and ICICI Bank. HUL, Coal India, Bharti Airtel were some of the other key gainers. However, NTPC slipped 0.7% to Rs 155. ONGC and Bajaj Auto showed some weakness and were trading flat.
Sectoral wise, Realty index gaining by 2.3% followed by Metal, Bankex and Capital Goods adding 1-2% each.
Jindal Steel spurted 2.5% following Hindalco, Tata Steel and Sterpite surged 2-2.5% each. BHEL was up 2%, followed by SBI and ICICI Bank. HUL, Coal India, Bharti Airtel were some of the other key gainers. However, NTPC slipped 0.7% to Rs 155. ONGC and Bajaj Auto showed some weakness and were trading flat.
Tue, Jan 01, 2013 at 13:00 PM
Markets trading at day's high.
Markets have extended gains in noon trades and currently trading near day's high on reports that the US senate has approved the Bill to avert 'fiscal cliff'. Sensex was up 171 points at 19,598, while Nifty gained by 51 points at 5,956. The Sensex and the Nifty reached an intra-day high of 19,618 levels and 5,960 mark, respectively.
The US Senate on Tuesday, two hours after a December 31 deadline had lapsed, approved legislation aimed at averting the "fiscal cliff" by stopping most tax hikes and across-the-board spending cuts that were due to begin with the new year, but House of Representatives still must approve the measure, possibly today.
Sectoral wise, Realty index has surged over 2% followed by counters like Metal, Banks, Capital Goods, PSU, Power, Consumer Durable, Auto, FMCG and Healthcare, all gaining between 1-2%.
Shares of interest rate sensitive sectors mainly banking and real estate are in focus on optimism of Reserve Bank of India (RBI) easing monetary policy later this month.
Among the individual stocks, Unitech, Bombay Dyeing and Indiabulls Real Estate from realty and State Bank of India, ICICI Bank, HDFC Bank, Canara Bank and Bank of India from banking are trading higher by 1-3%. Capital Goods majors like L&T and BHEL have risen between 1-2%.
Metal shares gained on upbeat Chinese manufacturing data from HSBC which was announced yesterday. China is the world's largest consumer of copper and aluminum. JSPL is the gainer by up almost 3%. Hindalco, Sterlite, Tata Steel and Coal India have surged between 1-2.5%. Other prominent gainers include Tata Motors, Bharti Airtel, M&M and HUL.
Among other shares, Indian Overseas Bank is trading higher by over 3% at Rs 88.40, extending its previous day around 1% gain, after its board approved fund raising plans via rights issue or a private placement basis.
The overall market breadth in remains healthy with 1,756 shares advancing and 843 shares declining.
The US Senate on Tuesday, two hours after a December 31 deadline had lapsed, approved legislation aimed at averting the "fiscal cliff" by stopping most tax hikes and across-the-board spending cuts that were due to begin with the new year, but House of Representatives still must approve the measure, possibly today.
Sectoral wise, Realty index has surged over 2% followed by counters like Metal, Banks, Capital Goods, PSU, Power, Consumer Durable, Auto, FMCG and Healthcare, all gaining between 1-2%.
Shares of interest rate sensitive sectors mainly banking and real estate are in focus on optimism of Reserve Bank of India (RBI) easing monetary policy later this month.
Among the individual stocks, Unitech, Bombay Dyeing and Indiabulls Real Estate from realty and State Bank of India, ICICI Bank, HDFC Bank, Canara Bank and Bank of India from banking are trading higher by 1-3%. Capital Goods majors like L&T and BHEL have risen between 1-2%.
Metal shares gained on upbeat Chinese manufacturing data from HSBC which was announced yesterday. China is the world's largest consumer of copper and aluminum. JSPL is the gainer by up almost 3%. Hindalco, Sterlite, Tata Steel and Coal India have surged between 1-2.5%. Other prominent gainers include Tata Motors, Bharti Airtel, M&M and HUL.
Among other shares, Indian Overseas Bank is trading higher by over 3% at Rs 88.40, extending its previous day around 1% gain, after its board approved fund raising plans via rights issue or a private placement basis.
The overall market breadth in remains healthy with 1,756 shares advancing and 843 shares declining.
Tue, Jan 01, 2013 at 11:30 AM
Markets continue to trade frim.
Markets continued to trade on a firm note in late morning trades with the Sensex up by 142 points at 19568, while Nifty was up by 43 points at 5,947.
Markets are expected to hold on to the gaining strength amid absence of cues from global peers as overseas markets are shut for New Year eve. The intraday up move was triggered by US policy makers reaching an agreement late on Monday to avert the imminent fiscal cliff of wide-reaching tax hikes and deep spending cuts in the world's biggest economy.
Sectoral wise, Realty index spurted up by 2%, Metal, Capital Goods, Power and Consumer Durables are also trading up by over 1% each.
Among gainers are, Jindal Steel up by 2.6%, Hindalco, Tata Steel and Sterlite were also gainers from Metal sector. Bhel and SBI gaining up by 1.7% each. Among other key movers are HDFC, larsen & TOubro and ICICI Bank. Cairn India rose as US crude oil futures advanced to 2-month high, while some PSU OMCs also fell for the same reason. However, some weakness can is seen in Wipro which is marginally down, while Hero MotoCorp is flat.
FIIs bought shares worth a net Rs 826.34 crore on Monday, 31 December 2012, as per provisional data from the stock exchanges.
BSE market breadth was fairly positive. Out of 2449 stocks traded, 1,606 stocks advanced while 736 stocks declined.
Markets are expected to hold on to the gaining strength amid absence of cues from global peers as overseas markets are shut for New Year eve. The intraday up move was triggered by US policy makers reaching an agreement late on Monday to avert the imminent fiscal cliff of wide-reaching tax hikes and deep spending cuts in the world's biggest economy.
Sectoral wise, Realty index spurted up by 2%, Metal, Capital Goods, Power and Consumer Durables are also trading up by over 1% each.
Among gainers are, Jindal Steel up by 2.6%, Hindalco, Tata Steel and Sterlite were also gainers from Metal sector. Bhel and SBI gaining up by 1.7% each. Among other key movers are HDFC, larsen & TOubro and ICICI Bank. Cairn India rose as US crude oil futures advanced to 2-month high, while some PSU OMCs also fell for the same reason. However, some weakness can is seen in Wipro which is marginally down, while Hero MotoCorp is flat.
FIIs bought shares worth a net Rs 826.34 crore on Monday, 31 December 2012, as per provisional data from the stock exchanges.
BSE market breadth was fairly positive. Out of 2449 stocks traded, 1,606 stocks advanced while 736 stocks declined.
Tue, Jan 01, 2013 at 10:45 AM
Markets continue to linger in positive trend.
Markets continue to maintain its morning gains with the Sensex up by 140 points at 19,566, while Nifty up by 41 points at 5,946.
Sectoral wise, mid-cap and the small-caps advanced with 0.8% gains outperforming the Sensex which gained 0.7%. Real Estate sector index Realty, was the largest gainer among the sectoral indices, up almost by 2%, while the banking index Bankex, traded at its 52-week high, was up by 1.1%.
Shares of interest rate sensitive sectors mainly banking and real estate are in focus on optimism of Reserve Bank of India easing monetary policy later this month.
Among the individual stocks, Unitech, Bombay Dyeing and Indiabulls Real Estate from realty and State Bank of India, Canara Bank and Bank of India from banking are trading higher by 2-3%.
Among other names, Tulip Telecom was locked in 5% upper circuit of Rs 34.20 on the NSE after the company said its board approved long term debt-restructuring plans. Punjab and Sind Bank rallied 5% to Rs 75.50 on the BSE after the board of the state-owned bank approved fund raising plans up to Rs 1,000 crore through preferential issue to the government of India and/or to other institutions.
Sectoral wise, mid-cap and the small-caps advanced with 0.8% gains outperforming the Sensex which gained 0.7%. Real Estate sector index Realty, was the largest gainer among the sectoral indices, up almost by 2%, while the banking index Bankex, traded at its 52-week high, was up by 1.1%.
Shares of interest rate sensitive sectors mainly banking and real estate are in focus on optimism of Reserve Bank of India easing monetary policy later this month.
Among the individual stocks, Unitech, Bombay Dyeing and Indiabulls Real Estate from realty and State Bank of India, Canara Bank and Bank of India from banking are trading higher by 2-3%.
Among other names, Tulip Telecom was locked in 5% upper circuit of Rs 34.20 on the NSE after the company said its board approved long term debt-restructuring plans. Punjab and Sind Bank rallied 5% to Rs 75.50 on the BSE after the board of the state-owned bank approved fund raising plans up to Rs 1,000 crore through preferential issue to the government of India and/or to other institutions.
Tue, Jan 01, 2013 at 10:00 AM
Shares of automobile and cement manufacturers will be in focus, with December sales and shipments data setting the trend.
While data showing fairly heavy buying by FIIs on Monday, will help lift sentiment, dismal current account data may dampen the mood to an extent.
With the reporting season to start in a week's time and a slew of economic data due for release during the week, investors are likely to tread cautiously at higher levels. Expectations of a rate cut later this month may trigger some buying in rate sensitives.
While data showing fairly heavy buying by FIIs on Monday, will help lift sentiment, dismal current account data may dampen the mood to an extent.
With the reporting season to start in a week's time and a slew of economic data due for release during the week, investors are likely to tread cautiously at higher levels. Expectations of a rate cut later this month may trigger some buying in rate sensitives.
Tue, Jan 01, 2013 at 09:30 AM
Markets opened positive.
Markets have opened on a positive note, amid reports the U.S. politicians have reached a deal to avoid the fiscal cliff. Sensex and Nifty started up by 0.7% each on the back of buying across the sectors.
The overall market breadth was very positive with 1172 stock advances while 314 stocks declined on the BSE.
The overall market breadth was very positive with 1172 stock advances while 314 stocks declined on the BSE.
