31 May 2011 Closing Market Updates

31 May 2011 Closing Market Updates 15:48

Market opened positive after US market were closed yesterday.Even after a disappointing GDP data release, market rallied to a significant three digit move. Nifty ended at 5561.15 with a 88.05 points jump.Whereas Sensex gained 276.17 points to end at 18508.23
All BSE Sectoral Indices ended in positive.Realty index was the top gainer by 2.52% followed by FMCG by 2.06% and Bankex by 2.05%
In Nifty50 stocks, 48 stocks gained today. JP Associates was the top gainer by 4.97% rise and ended at 86.55.Cipla was the top loser by 1.26% decline and ended at 325.35
Infosystch was the turnover topper stock as per traded value and Punjlloyd was the most traded stock on NSE today by traded quantity.


GDP Details :
The Gross Domestic Product grew by just 7.8% in the fourth quarter ending March 2011 against 9.4% in the same three-month period of the previous fiscal. The GDP falls to 7.8% in Q4 vs 8.2% in Q3
Farm sector grew 7.5 percent in the March quarter, compared with 1.1 percent in the year-ago quarter. 
Manufacturing grew 5.5 percent, compared with 15.2 percent. Mining output grew 1.7 percent, compared with 8.9 percent. Financing, insurance, real estate and business service grew 9.0 percent versus 6.3 percent. 
Construction grew 8.2 percent versus 9.2 percent. 

31st May 2011 Daily Recommendations

Buying Opportunities ahead

Buy Banknifty Fut Sl 10580 T 11040 P
Buy Aptech Sl 95.5 T 106 P
Buy Bajajhind Abv 67 Sl 64.5 T 71 P
Buy Bhusanstl Sl 438 T 456
Buy Canbk Abv 543 sl 532 T 587 P
Buy Cesc Abv 278 Sl 273 T 284
Buy Cipla Abv 334 Sl 320 T 356 P
Buy Divislab Abv 778 Sl 762 T 793
Buy HCC Sl 28.5 T 34.4 P
Buy Hindzinc Abv 138 Sl 133 T 147 P
Buy IDBI Abv 132.5 Sl 129 T 139 Hot
Buy IFCI Abv 47.6 Sl 46.5 T 50 P
Buy Indhotel Abv 80.25 sl 78.5 T 83
Buy Indiabulls Abv 152 sl 148 T 158 Hot
Buy IRB Abv 158 Sl 152 T 171 P
Buy Ispat Abv 21.55 T 22.5 Momentum
Buy Patni Sl 350 T 423
Buy Rcom Sl 86 T 93
Buy Relcapital Abv 505 Sl 492 T 527 P
Buy Renuka Abv 61 Sl 59 T 65 P
Buy Yesbank Abv 306 Sl 295 T 332 P


Sell Ambujacem sl 135 T 130.5

30th May Market Closing Updates:

30th May Market Closing Updates:

Equity benchmarks were lacklustre in trade today amid low volume. The Nifty continued to trade in a tight range of 5460-5490 levels since morning trade.
Heavyweights ONGC and Reliance Industries fell 1.5% & 0.7%, respectively. Among others, ITC, Infosys, L&T, NTPC, Bharti Airtel and BHEL were marginally in the red.
M&M was the top loser post disappointing numbers, with falling over 5%. It has reported net profit of Rs 607 crore in January-March quarter of CY11, a growth of 6.5% compared to same quarter the previous year. OPM grew at 12.7% versus 15.9% on year-on-year basis.
Major gainers in the 30-share index were
Cipla (3.47%),
Reliance Communications (3.06%),
DLF (2.75%),
Housing Development Finance Corporation (1.33%),
Bajaj Auto (1.12%),
Tata Consultancy Services (1.10%).


The biggest losers in the Sensex
Mahindra & Mahindra (5.14%),
Hindalco Industries (1.77%),
Oil & Natural Gas Corporation (1.29%),
I T C (0.90%),
Tata Motors (0.89%), and Reliance Industries (0.82%)
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.80% and 0.59% respectively.
Sectors in Limelight
The HC index was at 6,271.59, up by 133.05 points or by 2.17%. The major gainers were Aurobindo Pharma (3.95%), Cipla (3.47%), Cadila Healthcare (1.72%), Biocon (1.65%) and Apollo Hospitals Enterprise (0.17%).
The Consumer Durables index was at 6,454.40, up by 118.61 points or by 1.87%. The major gainers were Titan Industries (2.95%), Gitanjali Gems (2.83%), Videocon Industries (0.44%), Rajesh Exports (0.17%) and Blue Star (0.14%).
The Realty index was at 2,120.97, up by 33.65 points or by 1.61%. The major gainers were D B Realty (3.05%), D L F (2.75%), Ackruti City (2%), Housing Development and Infrastructure (1.52%) and Sunteck Realty (0.02%).
The Auto index was at 8,869.71, down by 111.36 points or by 1.24%. The major losers were Mahindra & Mahindra (5.14%), Apollo Tyres (1.56%), Exide Industries (0.72%), Cummins India (0.23%) and Hero Honda Motors (0.21%).
Market Breadth

Market breadth was positive with 1,606 advances against 1,134 declines

24 May 2011 Closing Market Updates

24 May 2011 Closing Market Updates  15:30

Market was sluggish today for the whole day and ended flat. Nifty ended at 5397.5 with 11 points up and Sensex ended at 18017.25 with 25.52 points up.
Among BSE Sectoral Indices, Capital Goods' index rose the most by 1.30% followed by Consumer durables by 1.21% whereas FMCG was the top loser by 1.01%.

Biggest gainers in the 30-share index:

Cipla (1.42%),

Hero Honda Motors (1.34%),

ICICI Bank (1.34%),

Larsen & Toubro (1.31%),

Reliance Industries (0.61%),

Bajaj Auto (0.49%).

The major losers in the Sensex:

Reliance Energy (2.55%),

DLF (1.97%),

ITC (1.66%),

Hindustan Unilever (1.51%),

Tata Consultancy Services (1.47%),

State Bank Of India (1.36%) were .

Sectors in Limelight

The FMCG index was at 3,745.01, down by 39.24 points or by 1.04%. The major losers were I T C (1.66%), Hindustan Unilever (1.51%), United Breweries (1.27%), Godrej Consumer Products (0.26%) and Colgate-Palmolive (India) (0.04%).

The Realty index was at 2,009.21, down by 19.15 points or by 0.94%. The major losers were D B Realty (8.15%), D L F (1.97%), Ackruti City (1.58%), Mahindra Lifespace Developers (0.25%) and Anant Raj Industries (0.16%).

The PSU index was at 8,190.85, down by 61.42 points or by 0.74%. The major losers were Balmer Lawrie & Company (1.58%), Bharat Petroleum Corporation (1.22%), BEML (0.73%), Andhra Bank (0.51%) and Bank Of Maharashtra (0.18%).

The Capital Goods index was at 12,907.91, up by 101.82 points or by 0.80%. The major gainers were Bharat Electronics (0.83%), Alstom Projects India (0.81%), BGR Energy Systems (0.48%), A B B (0.39%) and Bharat Heavy Electricals (0.07%).

23 May 2011 Closing Market Updates

23 May 2011 Closing Market Updates  15:44

US market weakness trailed to trigger in Asian markets today and further affected on Indian market. Europen markets also were not exceptional and opened n traded on lower side.
Nifty tumbled 102.65 points and ended at 5383.70 and Sensex ended at 17981.61 with 344.48 points' drop.


All BSE Sectoral Indices ended in negative except Consumer durable index and FMCG. CD gained the most by 0.71% and Capital Goods Index was the biggest loser by 3.06% followed by Power index.
In Nifty50 stocks, Gail was the top gainer by 2.30% and ended at 436 after company declred the Q4 results by 14% down.
Bhel was the top loser by 7.60% and ended at 1920.1 which is the biggest intraday fall for the stock.
SBIN was the turnover topper stock by the traded value and  Sanghvi Forging was the most traded stock by the traded quantity on NSE today.
Advance/Decline Ratio was poor as 1153 stocks declined and 261 stocks gained today on NSE.


Major Global Indices :


Hang Seng : -488.37
Nikkei : -146.45
FTSE : -100.89
CAC : -72.52
DAX : -132.31
Dow Futures : -115.00
Nasdaq Futures : -23.00

20th May Market Closing Updates

20th May MarketClosing Updates:
The Sensex came off from day`s highs of 18,381.7 on the back of the government`s decision to raise the subsidy burden share of upstream oil companies like ONGC, OIL and GAIL, dampened sentiment.
The Sensex was up 252.48 points or 1.39% at 18393.88, and the Nifty was up 85.80 points or 1.58% at 5513.90. About 1636 shares advanced, 1119 shares declined, and 886 shares remain unchanged.

Sectors in Limelight

The Capital Goods index was at 13,221.85, up by 324.54 points or by 2.52%. The major gainers were Alstom Projects India (2.21%), A B B (1.01%), Bharat Electronics (0.95%), BEML (0.74%) and BGR Energy Systems (0.43%).

The HC index was at 6,171.00, up by 99.07 points or by 1.63%. The major gainers were Cipla (2.86%), Apollo Hospitals Enterprise (1.85%), Biocon (1.26%), Cadila Healthcare (0.73%) and Aurobindo Pharma (0.13%).

The Power index was at 2,579.78, up by 39.35 points or by 1.55%. The major gainers were Crompton Greaves (2.75%), Reliance Infrastructure (2.11%), Bharat Heavy Electricals (1.08%), A B B (1.01%) and Adani Power (0.45%).

The IPO index was at 1,748.16, down by 5.28 points or by 0.3%. The major losers were Aster Silicates (2.57%), ARSS Infrastructure Projects (2.23%), Aqua Logistics (1.74%), Indiabulls Power (0.73%) and Bedmutha Industries (0.32%).

19th March Market Closing

19th March Market Closing :
Engineering and construction major Larsen and Tourbo’s fourth quarter (January-March) net profit beat analyst estimates, but was boosted by an exceptional income of Rs 226 crore. However, order inflow for the quarter was better than what most analysts had expected, and this triggered a rally in the stock.
US markets snapped 3-day losing streak as benchmark indices, after a flat opening, saw a sustained move northwards through the trading session to end with decent gains yesterday.

Major gainers in the 30-share index:

Reliance Industries (1.84%),

Mahindra & Mahindra (1.55%),

Tata Consultancy Services (1.34%),

Oil & Natural Gas Corporation (0.99%),

Larsen & Toubro (0.62%),

HDFC Bank (0.57%).

The major losers in the Sensex

Reliance Communications (2.96%),
TataPower Company (2.06%), 
Hero Honda Motors (1.99%), 
DLF (1.87%),
Reliance Energy (1.21%),
Hindalco Industries (0.97%)

Sectors in Limelight

The Oil & Gas index: 9,330.15, up by 144.29 points or by 1.57%. The major gainers were G A I L (India) (2.99%), Oil India (1.96%), Hindustan Petroleum Corporation (0.47%), Bharat Petroleum Corporation (0.45%) and Cairn India (0.34%).

The IT index: 6,045.06, up by 28.08 points or by 0.47%. The major gainers were Core Projects and Technologies (0.82%), H C L Technologies (0.77%), Tech Mahindra (0.72%), Infosys Technologies (0.33%) and Mphasis (0.07%).

The PSU index: 8,435.72, up by 26.73 points or by 0.32%. The major gainers were Balmer Lawrie & Company (2.81%), Bharat Petroleum Corporation (0.45%), Bank Of Maharashtra (0.27%), BEML (0.05%) and Bank Of India(0.02%).

The Realty index: 2,084.62, down by 35.83 points or by 1.69%. The major losers were Anant Raj Industries (2.98%), D L F (1.87%), Mahindra Lifespace Developers (1.34%), Godrej Properties (0.32%) and Ackruti City (0.15%).. 

18 May 2011 Closing Market Updates

18 May 2011 Closing Market Updates  15:42

Market ended into red for the third day consecutively. Nifty ended at 5422, down 16.95 points and Sensex ended at 18086.63 with 50.72 points down.
Among BSE Sectoral Indices, IT was the top gainer by 0.27% whereas Oil&Gas was the top loser by 1.87% followed by PSU(-1.73%) and Healthcare(-1.30%).
In Nifty50 stocks, HDFC was the top gainer with 2.12% rise which ended at 645 and Relinfra was the top loser by 4.23% fall and ended at 560.3.
SBIN was the most traded stock by the turnover value and Suzlon was the most traded stock on NSE.
Advance/Decline Ratio was negative by 2.40:1 as 981 stocks declined and 409 stocks gained today on NSE.


Major World Indices :
Hang Seng : +110.06
Nikkei : +95.06
FTSE : +43.62
CAC : +26.87
DAX : +41.72

17th May 2011 Market Closing Updates:

17th May 2011 Market Closing Updates:
The Indian markets managed to bounce back from the day's low taking support around 5400-mark despite getting a body blow from country’s largest lender, SBI, in the form of poor Q4 earnings. Oil&gas and banking stocks continued to remain under pressure. The broader markets too recouped their losses marginally.The European markets too recovered from day's low and managed to trade in green territory.
Top losers on the Sensex were 
SBI at Rs 2,425 down 7.35%, 
ONGC at Rs 279.70 down 5.98%,
Hero Honda at Rs 1,818 down 2.52%,
Reliance at Rs 922.80 down 2.28%
Jaiprakash Asso at Rs 82.95 down 2.12%.
Top gainers on the Sensex were
Jindal Steel at Rs 646.15 up 2.45%,
HUL at Rs 309.10 up 1.66%, 
TCS at Rs 1,144.30 up 1.46%, 
ITC at Rs 188.45 up 1.26% 
Tata Power at Rs 1,238 up 0.94%.

Sectors in Limelight

The Oil & Gas index was at 9,374.18, down by 299.85 points or by 3.1%. The major losers were G A I L (India) (3.81%), Hindustan Petroleum Corporation (2.17%), Indian OilCorporation (1.28%), Cairn India (0.76%) and Bharat Petroleum Corporation (0.74%).

The Bankex index was at 12,166.27, down by 275.57 points or by 2.21%. The major losers were I C I C I Bank (2.74%), Indusind Bank (2.48%), Canara Bank (2.34%), Bank Of Baroda (2.3%) and Federal Bank (0.47%).

The PSU index was at 8,589.29, down by 167 points or by 1.91%. The major losers were Bank Of Baroda(2.3%), BEML (1.17%), Bank Of Maharashtra (1.04%), Andhra Bank (1%) and Allahabad Bank (0.28%).

The Consumer Durables index was at 6,287.70, up by 63.71 points or by 1.02%. The major gainers were Titan Industries (1.85%), Rajesh Exports (1.66%), Bajaj Electricals (0.93%), Blue Star (0.42%) and Videocon Industries (0.21%).