Posts Tagged ‘S&P CNX Nifty’

Indian Stock Market Reaction To Indian Budget :)

Indian stock markets, reacted positively to the budget, with a benchmark index breaking free to close 237 points higher than its previous weekly close. 🙂

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) moved up 237.92 points or 1.47 percent to end Friday at 16,429.55 points, 237 points above its previous weekly close at 16,191.63 points.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) too posted gains to end the week at 4,922.3 points, up 77.4 points or 1.57 percent.

Broader market indices, however, ended the week in the red with the BSE midcap index closing 0.54 percent down and the BSE smallcap index 1.67 percent lower.

“Though it is not possible to keep everyone happy, the finance minister has done a commendable job. This was evident from the way markets reacted to the announcements,” said Jagannadham Thunuguntla, the equity head for brokerage firm SMC Capitals.

“The budget did help in breaking from the side-ways movement, but it is not going to help much going forward. A lot of the budget news has been factored in and one should not expect a major rally,” he added.

The top gainers during the week included Hindalco (up 7.7 percent), Maruti Suzuki (up 6.8 percent), L&T (up 6.2 percent), Hero Honda (up 5.5 percent) and ICICI Bank (up 5 percent).

Among top losers were ITC (down 6.5 percent), Reliance Communications (down 2.8 percent), Tata Power (down 2.2 percent), Hindustan Unilever (down 2.2 percent) and Reliance Industries (down 0.6 percent).

Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net buyers during the week, having bought scrips worth $313.56 million.

Benchmark indices in the US ended slightly lower this week with Dow Jones industrial average dipping 0.8 percent, the Standard and Poor’s 500 Index 500 down 0.4 percent and the Nasdaq composite falling 0.3 percent.

Indians Equities Gained a Meagre 14 Points this Week

Indians Equities Gained a Meagre 14 Points this Week

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A benchmark index of Indian equities gained a meagre 14 points this week from its last weekly close even as broader indices managed to move up significantly and foreign investors bought into a wide range of scrips.

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Trading this week was range-bound on most days, and brushed aside improved industrial output numbers.

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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose 14.1 points or 0.08 percent to end Friday at 17,584.87 points, from its previous weekly close at 17,540.29 points.

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The broader S&P CNX Nifty of the National Stock Exchange (NSE) moved up 0.14 percent or 7.45 points from its last weekly close to end at 5,252.2 points.

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Broader market indices, however, reflected the buying interest in mid-to-small sized scrips as the BSE midcap index ended 1.5 percent up and the BSE smallcap index rose 3.14 percent.

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Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net buyers during the week, having bought scrips worth $981.55 million.

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According to Jagannadham Thunuguntla, the equity head for brokerage firm SMC Capitals, the benchmark indices will continue to see a lot of sideways movement, having rallied over 90 percent in a year.

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‘Such sideways movement is expected, and will be the norm for some time to come.

Positive economic numbers and encouraging corporate results will not always translate into gains in the market,’ said Thunuguntla.

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The week started on a lackluster note Monday, with the Sensex ending 13 points lower at 17,526.71 points due to profit booking in front line stocks — Reliance Industries, ICICI Bank, and SBI.

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The Nifty, which followed a similar trajectory to the BSE benchmark, managed to gain marginally at 5,249.4 points, a rise of 0.09 percent.

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The top gainers in the Sensex were TCS (up 13.1 percent), Wipro (up 10.2 percent), Infosys (up 8.6 percent), ACC (up 7.5 percent) and Ambuja Cements (up 6.9 percent).

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Among top losers were SBI (down 6.2 percent), Hindalco (down 3.9 percent), ICICI Bank (down 3.6 percent), Hindustan Unilever (down 3.6 percent) and Reliance Infra (down 3.3 percent).

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🙂

Downward Movement Hits Indian Equities Markets

Downward Movement Hits Indian Equities Markets

Downward Movement Hits Indian Equities Markets

Indian equities markets entered into a consolidation zone with analysts terming the downward movement as long expected.

A benchmark index fell 5.44 percent from its last weekly close and ended trade below the 16,000-mark.

😦

The 30-share sensitive index (Sensex) ended 914.53 points, or 5.44 percent lower, at 15,896.28 points at the weekly close Friday, as opposed to the previous week’s close at 16,810.81 points.

The broader S&P CNX Nifty of the National Stock Exchange (NSE), too slipped, closing at 4,711.7 points, down 5.7 percent from its last weekly close.

However, companies with large-to-medium market capitalization saw greater selling with the BSE midcap index ending 7.36 percent lower and the BSE smallcap index losing 8.01 percent over the last week.

“This consolidation was expected anyways as the valuations were not commensurate with the earnings of corporates. To an extent a correction in valuations was warranted,” said Jagannadham Thunuguntla, equities head of brokerage and capital markets consultancy SMC Capital.

The markets started on a cautious note Monday ahead of the Reserve Bank of India‘s mid-year policy review Tuesday.

The Sensex ended a volatile day at 16,740.50 points — 70.31 points or 0.42 percent lower than Friday’s close.

The Nifty followed a similar trajectory and ended in negative at 4,970.9 points, down 0.52 percent.

Both benchmark indices nosedived Tuesday as the RBI indicated in its policy review that it would start tightening the monetary policy and look at exiting the stimulus measures.

🙂

Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net sellers during the week, having sold scrips worth $12.8 million.

The top gainers this week on the Sensex were

Tata Motors (up 7.2 percent),
Ranbaxy Labs (up 4.8 percent),
Wipro (up 2.9 percent),
Grasim (up 1.6 percent) and
Hindustan Unilever (up 1 percent).

The top losers were :

DLF (down 18.5 percent),
Reliance Capital (down 14.5 percent),
Reliance Infrastructure (down 14.2 percent),
Hindalco (down 13.9 percent) and
Reliance Power (down 12.9 percent).

“Broadly speaking only about one percent of the quarterly results show a sound top line growth. Profits might have increased, but that is not because of increase in core operations – cost cutting and other income have contributed towards it,” said Thunuguntla.

🙂

Foreign Investors Poured $9 Billion in Indian Stock Market :)

Foreign_Investment


Foreign investors have poured Rs 43,837 crore (USD 9.05 billion) into the country’s stock markets so far this year, reflecting confidence of foreign funds in the Indian equity markets.

🙂

At the close on Wednesday, overseas investors were gross buyer of shares worth 4,17,121 crore and gross sellers of stocks valued at Rs 3,73,283 crore, resulting in a net flow of Rs 43,837 crore into the stock markets so far this year.

This latest data has been announced by the market regulator Securities and Exchange Board of India (SEBI).

🙂

Significantly, the Bombay Stock Exchange benchmark Sensex has gained nearly 73 per cent so far this year.

🙂

The National Stock Exchange barometer Nifty – composed of 50 shares — has also advanced fairly and for the first time in more than a year it touched 5,000 level on Thursday.

(Read more about that on previous blog).

Global fund houses have made a total net investment of Rs 3,564 crore so far in September, according to the SEBI data.

🙂

After pulling out a huge sum of Rs 52,986 crore (USD 11.9 billion) from the local stock markets, foreign investors are now moving their money towards emerging economies like India.

🙂

However in debt market segment, overseas investors have not turned net investor so far this year.

FIIs were net sellers of debt instruments worth Rs 527 crore (USD 49 million) in 2009 so far according to the latest data received from the market regulatory body,SEBI.

🙂

Nifty Hit the Level of 5,000 :)

nifty-climb-5000k

Nifty hit the significant level of 5,000, first time since May 23, 2008, taking 326 trading sessions while, the standard index prepared early gains to close flat after hitting 5,003 at its day’s high.

🙂

However, nifty closed slightly higher at 4,965, up 7 points whereas another standard Sensex also ended flat at 16,711, up 34 points, off its day’s high of 16,820 while both the indices were lower by over 4.4% decline in heavyweight RIL.

😦

Moreover, RIL stated that it has raised around Rs 3,188 crore through sale of 1.50 crore equity shares of the company and selling pressure in RIL weighed down on the oil & gas index, down 2.8%.

Additionally, the BSE realty index slid 0.9%, Unitech lost 3% and Phoenix Mills declined 2.4% while IT and auto stocks increased.

🙂

Similarly, the BSE IT index gained 1.9%, Patni Computer and HCL Tech rose over 6% while the auto index on the BSE was also up 1.5% and Amtek Auto increased 14.6%.

On the other hand, in the Sensex pack, ACC emerged as the biggest gainer while the stock advanced 3.6% to Rs 827 however, Hindalco, JP Associates, Bharti Airtel and Maruti Suzuki gained over 3% each.

🙂

Further, RIL was declared the top loser in the group followed by Tata Steel and ITC.

😦

A correction is expected and likely to take place in markets at current levels. But it is unlikely to be a sharp one.

🙂

European and Asian stock markets extended the week’s rally on Thursday, hitting new highs for the year, as investors became increasingly confident that the U.S. economy , the world’s largest , is growing again.

🙂

Note : For More latest Industry,Stock Market and Economy News Updates, Click Here

EQUITY UPDATE for 24th August,2009

Daily Equity Update

POST MARKET REPORT 🙂

The BSE Sensex closed higher by 387.92 points or (2.55%) at
15,628.75 and NSE Nifty ended up by 114 points or (2.52%) at
4,642.80.

BSE Mid Caps and Small Caps closed with gains of 145.06 and 182.89 points at 5,704.38 and 6,645.87 respectively.

🙂

The BSE Sensex touched intraday high of 15,676.35 and intraday low of 15,362.9.

Among the Sensex pack all 30 stocks ended in green territory.

The market breadth indicating the overall health of the market remained extremely positive as 2044 stocks closed in green while 715 stocks closed in red and 67 stocks remained unchanged in BSE.

🙂

The S&P CNX Nifty is up by 114.00 points or 1.65 % to 4642.80.

The NSE turnover was up Rs.15015.83 from last trading session’s Rs. 14697.33 crore.

🙂

NEWS UPDATES

-Austral Coke & Projects board will meet on 3 September 2009 to consider issuing bonus shares.

Indiabulls Real Estate emerged as the top financial bidder for redevelopment of Maharashtra government buildings at Mantralaya in Mumbai.

Bharat Heavy Electricals bagged an order worth Rs 2,630crore.

-Eleven metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 2.72% to 2,913.90 on 21 August 2009.

🙂

MARKET OUTLOOK

On the first trading day of the expiry week, index opened strongly on the positive note and sustained those gains throughout the session.

🙂

As we have seen in last trading session, it managed to close above 4490 levels that triggered buying spree across the board in today’s trade.

Market breadth remained strongly on the positive side with Realty, Capital good & FMCG pivots ended on the top.

Technically, we expect index to test higher levels in the days to come but it’ll volatile sessions ahead due to expiry week of F&O
contracts.

🙂

SENTIMENT INDICATOR

PCR of index options is at 1.18 from last trading session’s 0.96

PCR of Stock options is at 0.28 from last trading session’s 0.40.

PCR of total F&O is at 1.14 from last trading session’s 0.94.

The advances are 910; declines are 184 and unchanged are 22.

The implied volatility has decreased to 31.44 from last trading

session’s 35.41

🙂

TaBLES

1.

daily equity update economy data

2.

sector watch

Comment: Realty & Consumer Durables are the major gainers in day’s session

🙂

3

TRENDS OF INDIAN  MARKET INDICES

4.

TRENDS OF WORLD MARKETS INDICES

🙂


EQUITY UPDATE for 21st August,2009

Equity Update

POST MARKET REPORT 🙂

The BSE Sensex closed higher by 228.51 points or (1.52%) at 15,240.83 and NSE Nifty ended up by 75.35 points or (1.69%) at 4,528.8.

🙂

BSE Mid Caps and Small Caps closed with gains of 81.93 and 102.71 points at 5,559.32 and 6,462.98 respectively.

The BSE Sensex touched intraday high of 15,275.17 and intraday low of 14,835.08

🙂

Among the Sensex pack 28 stocks ended in green territory and 2 stock ended in red territory.

The market breadth indicating the overall health of the market remained positive as 1711 stocks closed in green while 958 stocks closed in red and 102 stocks remained unchanged in BSE.

🙂

The S&P CNX Nifty is up by 73.45 points or 1.65 % to 4526.90.

The NSE turnover was up Rs.14697.33 from last trading session’s Rs. 13245.55 crore.

🙂

NEWS UPDATES

– Shares of eight tea companies jumped on increase in tea prices

– Bharti Airtel rose after a newspaper report quoted Chairman Sunil Mittal as saying that the company is not looking to sweeten its deal to buy a stake in South Africa’s MTN.

– Bharat Heavy Electricals bagged an order worth Rs 2,630 crore.

– Flawless Diamond (India) s board approved a 10-for-1 stock split.

🙂

OUTLOOK

Index opened in red on the back of on mixed cues from the markets across the globe but rose steadily as the day progressed.

Technically, it managed to sustain to above 4350 levels, which triggered buying spree across the board on the last trading day of the week.

Realty & Auto counters were the major gainers in today’s trade with significant gain in Midcap & Small cap as well.

🙂

Market breadth also managed to close strongly in green resultant to spurt.

Technically, we expect that it’ll try to test higher levels in the next week but that will attract profit taking too.

🙂

Support – 4485-4450

Resistance – 4565-4600

🙂

SENTIMENT INDICATOR

PCR of index options is at 0.96 from last trading session’s 0.97

PCR of Stock options is at 0.40 from last trading session’s 0.31.

PCR of total F&O is at 0.94 from last trading session’s 0.94.

The advances are 750; declines are 336 and unchanged are 30.

The implied volatility has increased to 35.41 from last trading session’s 32.15

🙂

TABLES :

1.

Daily Equity Update

🙂

2.

sector watch


Comment: Realty & Auto are the major gainers in day’s session 🙂

🙂




POST MARKET

The BSE Sensex closed higher by 228.51 points or (1.52%) at 15,240.83 and NSE Nifty ended up by 75.35 points or (1.69%) at 4,528.8.

BSE Mid Caps and Small Caps closed with gains of 81.93 and 102.71 points at 5,559.32 and 6,462.98 respectively.

The BSE Sensex touched intraday high of 15,275.17 and intraday low of 14,835.08

Among the Sensex pack 28 stocks ended in green territory and 2 stock ended in red territory.

The market breadth indicating the overall health of the market remained positive as 1711 stocks closed in green while 958 stocks closed in red and 102 stocks remainedunchanged in BSE.

The S&P CNX Nifty is up by 73.45 points or 1.65 % to 4526.90.

The NSE turnover was up Rs.14697.33 from last trading session’s Rs. 13245.55 crore.

NEWS UPDATES

Shares of eight tea companies jumped on increase in tea prices

Bharti Airtel rose after a newspaper report quoted Chairman Sunil Mittal as saying that the company is not looking to sweeten its deal to buy a stake in South Africa’s MTN.

Bharat Heavy Electricals bagged an order worth Rs 2,630 crore.

Flawless Diamond (India) s board approved a 10-for-1 stock split.

OUTLOOK

Index opened in red on the back of on mixed cues from the markets across the globe but rose steadily as the day progressed.

Technically, it managed to sustain to above 4350 levels, which triggered buying spree across the board on the last trading day of the week.

Realty & Auto counters were the major gainers in today’s trade with significant gain in Midcap & Small cap as well.

Market breadth also managed to close strongly in green resultant to spurt.

Technically, we expect that it’ll try to test higher levels in the next week but that will attract profit taking too.

Support – 4485-4450 Resistance – 4565-4600

SENTIMENT INDICATOR

PCR of index options is at 0.96 from last trading session’s 0.97

PCR of Stock options is at 0.40 from last trading session’s 0.31.

PCR of total F&O is at 0.94 from last trading session’s 0.94.

The advances are 750; declines are 336 and unchanged are 30.

The implied volatility has increased to 35.41 from last trading session’s

32.15