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Sat, Jul 4, 2009, 5:20AM IST
MARKET UPDATE
Friday, 3 July
3:08 PM -
The markets gained further grounds and are now trading at the day's high after railway Minister presented the populist railway budget. The significant buying witnessed among the Banking, Power, Pharma, Capital Goods and Metal stocks. However, IT and FMCG stocks are still trading lower.
The BSE Sensex is now trading above the 14,800 mark while the NSE Nifty near the 4,400 mark.
The overall market breadth is negative as 1161 stocks are advancing while 1333 stocks are declining in BSE.
HDFC reported the top gainer from the BSE Sensex pack, as it is trading up by (5.60 per cent) at Rs. 2,535 while Hero Honda reported the top loser trading down by (1.63 per cent) at Rs. 1,362.
At 2.33PM the BSE Sensex is trading up by 164.36 points at 14,822.85 and the NSE Nifty is trading higher by 50.65 points at 4,399.50.
The BSE Mid Cap increased by 40.92 points to 5,185.19 and the BSE Small Cap grew by 15.03 points to 5,815.27.
The Health Care index is trading with gains by 57.84 points or 1.61 per cent at 3,648.08. Gainers from this pack are Glenmark Pharma trading up by 7.90 per cent at Rs236.20 along with Ranbaxy Labs by 4.24 per cent at Rs252.25, Aurobindo Pharma by 3.94 per cent at Rs504, Cipla by 3.52 per cent at Rs257.25, Lupin Ltd by 2.57 per cent at Rs852.05, Biocon by 1.62 per cent at Rs223.35 and Dr. Reddy''s lab by 1.04 per cent at Rs795.25.
The Bank index is trading higher by 137.66 points or 1.66 per cent at 8,415.73. Leading from the gainers pack are ICICI Bank trading up by 2.88 per cent at Rs752.80 in line with SBI by 2.54 per cent to Rs1803.50, Pu... » Send to friends
The BSE Sensex is now trading above the 14,800 mark while the NSE Nifty near the 4,400 mark.
The overall market breadth is negative as 1161 stocks are advancing while 1333 stocks are declining in BSE.
HDFC reported the top gainer from the BSE Sensex pack, as it is trading up by (5.60 per cent) at Rs. 2,535 while Hero Honda reported the top loser trading down by (1.63 per cent) at Rs. 1,362.
At 2.33PM the BSE Sensex is trading up by 164.36 points at 14,822.85 and the NSE Nifty is trading higher by 50.65 points at 4,399.50.
The BSE Mid Cap increased by 40.92 points to 5,185.19 and the BSE Small Cap grew by 15.03 points to 5,815.27.
The Health Care index is trading with gains by 57.84 points or 1.61 per cent at 3,648.08. Gainers from this pack are Glenmark Pharma trading up by 7.90 per cent at Rs236.20 along with Ranbaxy Labs by 4.24 per cent at Rs252.25, Aurobindo Pharma by 3.94 per cent at Rs504, Cipla by 3.52 per cent at Rs257.25, Lupin Ltd by 2.57 per cent at Rs852.05, Biocon by 1.62 per cent at Rs223.35 and Dr. Reddy''s lab by 1.04 per cent at Rs795.25.
The Bank index is trading higher by 137.66 points or 1.66 per cent at 8,415.73. Leading from the gainers pack are ICICI Bank trading up by 2.88 per cent at Rs752.80 in line with SBI by 2.54 per cent to Rs1803.50, Pu... » Send to friends
1:48 PM -
The key benchmark indices spurted northward after a gyrating opening trade. Weakness in the market came as the improving economic outlook failed a stern test in the form of closely-watched US jobs data. Still market participants are skeptical about swift economic rebound.
On the sectoral front, out of 13 Indices, 7 indices advanced whereas 6 indices declined. PSU OMCs advanced for the second day in a row after Government hiked petrol and diesel prices. Capital Goods stocks gained on hopes the government may boost spending on the infrastructure sector in the upcoming Budget. Power stocks improved on hopes the government may boost spending on power sector in the budget. However, IT stocks retreated on weak US Job data.
The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,506 stocks traded so far, 1,113 shares advanced while 1,296 shares declined. Nearly 97 shares are unchanged.
At 1.30PM, the BSE Sensex is trading higher by 53.51 points at 14,712.00 whereas NSE Nifty is up by 14.25 points at 4,363.10.
The BSE Mid Cap is trading higher by 12.65 points at 5,156.93 and Small cap is trading up by 1.88 points at 5,802.12.
Major gainers from the BSE Sensex pack are Housing Development Finance Co spurted 3.32 per cent to Rs. 2,480.20 along with NTPC Ltd advanced 1.73 per cent to Rs. 203.30, Mahindra & Mahindra Ltd gained 1.62 per cent to Rs. 724.00, Tata Power Ltd improved 1.26 per cent to Rs. 1,184.00, State Bank of India Ltd advanced 1.20 per cent to Rs. 1780.00, Larsen & Toubro Ltd gained 1.11 per cent to Rs. 1,581.00 and Tata Motors Ltd improved 0.99 per cent to Rs. 297.20 among others.
Losers from the BSE Sensex Pack are Infosy... » Send to friends
On the sectoral front, out of 13 Indices, 7 indices advanced whereas 6 indices declined. PSU OMCs advanced for the second day in a row after Government hiked petrol and diesel prices. Capital Goods stocks gained on hopes the government may boost spending on the infrastructure sector in the upcoming Budget. Power stocks improved on hopes the government may boost spending on power sector in the budget. However, IT stocks retreated on weak US Job data.
The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,506 stocks traded so far, 1,113 shares advanced while 1,296 shares declined. Nearly 97 shares are unchanged.
At 1.30PM, the BSE Sensex is trading higher by 53.51 points at 14,712.00 whereas NSE Nifty is up by 14.25 points at 4,363.10.
The BSE Mid Cap is trading higher by 12.65 points at 5,156.93 and Small cap is trading up by 1.88 points at 5,802.12.
Major gainers from the BSE Sensex pack are Housing Development Finance Co spurted 3.32 per cent to Rs. 2,480.20 along with NTPC Ltd advanced 1.73 per cent to Rs. 203.30, Mahindra & Mahindra Ltd gained 1.62 per cent to Rs. 724.00, Tata Power Ltd improved 1.26 per cent to Rs. 1,184.00, State Bank of India Ltd advanced 1.20 per cent to Rs. 1780.00, Larsen & Toubro Ltd gained 1.11 per cent to Rs. 1,581.00 and Tata Motors Ltd improved 0.99 per cent to Rs. 297.20 among others.
Losers from the BSE Sensex Pack are Infosy... » Send to friends
11:48 AM -
After a weak opening due to the weakness across overseas markets, the domestic key benchmark indices have recovered lost ground amid high volatility ahead of Rail Budget. On a stock specific move, realty major HDIL is trading up by nearly 0.5 per cent after an announcement that it will raise Rs 1688.4 crore through the issue of shares of QIBs on a private placement basis. During the last hours'' trading session, buying interest has emerged across Power, Capital Goods (CG) and Healthcare (HC) stocks whereas selling interest seen across IT, TECk and FMCG counters. Among the BSE sectoral indices, Power, CG and HC stocks inclined by 1.27 per cent, 1.06 per cent and 0.84 per cent respectively, while the IT, TECk and FMCG indices declined by 1.29 per cent, 0.54 per cent and 0.35 per cent respectively. Overall the market breadth is negative as 1,047 stocks are trading in red while 1007 stocks are in green.
At 11.30 AM, the BSE Sensex marginal up by 0.76 points at 14,659.25 while NSE Nifty down by 2.8 points at 4,346.05. Besides, the BSE Mid Cap and Small Cap are trading higher by 6.51 points and 7.17 points at 5,150.78 and 5,807.41 respectively.
Gainers from the BSE Sensex Pack are NTPC Ltd surged by (1.98 per cent) to Rs. 203.8, along with HDFC by (1.97 per cent) to Rs. 2,447.80, Tata power by (1.62 per cent) at Rs. 1,188.20, Sun Pharmaceutical by (1.24 per cent) at Rs. 1,160.1, BHEL by (1.17 per cent) at Rs. 2,175 and L & T by (0.95 per cent) at Rs. 1,578.50.
Losers from the NSE Nifty Pack are Infosys Tech declined by (1.71 per cent) at Rs. 1,765.9 along with Cairn India by (1.39 per cent) at Rs. 230.65, ONGC by (1.27 per cent) at Rs. 1,112.3, » Send to friends
At 11.30 AM, the BSE Sensex marginal up by 0.76 points at 14,659.25 while NSE Nifty down by 2.8 points at 4,346.05. Besides, the BSE Mid Cap and Small Cap are trading higher by 6.51 points and 7.17 points at 5,150.78 and 5,807.41 respectively.
Gainers from the BSE Sensex Pack are NTPC Ltd surged by (1.98 per cent) to Rs. 203.8, along with HDFC by (1.97 per cent) to Rs. 2,447.80, Tata power by (1.62 per cent) at Rs. 1,188.20, Sun Pharmaceutical by (1.24 per cent) at Rs. 1,160.1, BHEL by (1.17 per cent) at Rs. 2,175 and L & T by (0.95 per cent) at Rs. 1,578.50.
Losers from the NSE Nifty Pack are Infosys Tech declined by (1.71 per cent) at Rs. 1,765.9 along with Cairn India by (1.39 per cent) at Rs. 230.65, ONGC by (1.27 per cent) at Rs. 1,112.3, » Send to friends
10:09 AM -
Thursday, the US stocks markets closed sharply lower on the back of disappointing jobs report which overshadowed the encouraging orders data However the equity markets slipped to fresh session lows with the S&P 500 slipped below the psychologically significant 900 level in the final half-hour of trading after trading in a very narrow range for most of the session. Trading volume was extremely light ahead of the long, holiday weekend. U.S. markets will be closed on Friday in observance of Independence Day.
The Dow Jones Industrial Average (DJIA) dropped by 223.32 points at 8,280.74, the NASDAQ Composite (RIXF) index closed down by 49.20 points at 1,796.52 and the S&P 500 (SPX) closed lower by 26.91 points at 896.42.
On the economic front, the June Nonfarm Payrolls report indicated that 467,000 jobs were lost last month as compared to the 322,000 jobs that were lost in May and also topped the 365,000 losses that were widely expected. The national unemployment rate now stands at 9.5 per cent as against the expectations of 9.6 per cent, but it still marks a 25-year high.
Meanwhile the factory orders for the month of May made a surprisingly strong 1.2 per cent increase as against the forecast of 0.9 per cent.
Among the corporate news front, Elan stock managed to post a gain this session, helped by the the announcement that Johnson & Johnson will acquire certain drug assets from Elan and will invest $1 billion in Elan through an affiliate.
US light crude oil futures for August delivery closed at $66.73 per barrel down by 3.7 per cent on the New York Mercantile Exchange. The crude prices fell despite a larger-than-expected draw in weekly inventories.
Gold futures for the month of August delivery finished the session at $930.50 per ounce down by 1.1 per cent on the New York Mercantile Exchange. » Send to friends
The Dow Jones Industrial Average (DJIA) dropped by 223.32 points at 8,280.74, the NASDAQ Composite (RIXF) index closed down by 49.20 points at 1,796.52 and the S&P 500 (SPX) closed lower by 26.91 points at 896.42.
On the economic front, the June Nonfarm Payrolls report indicated that 467,000 jobs were lost last month as compared to the 322,000 jobs that were lost in May and also topped the 365,000 losses that were widely expected. The national unemployment rate now stands at 9.5 per cent as against the expectations of 9.6 per cent, but it still marks a 25-year high.
Meanwhile the factory orders for the month of May made a surprisingly strong 1.2 per cent increase as against the forecast of 0.9 per cent.
Among the corporate news front, Elan stock managed to post a gain this session, helped by the the announcement that Johnson & Johnson will acquire certain drug assets from Elan and will invest $1 billion in Elan through an affiliate.
US light crude oil futures for August delivery closed at $66.73 per barrel down by 3.7 per cent on the New York Mercantile Exchange. The crude prices fell despite a larger-than-expected draw in weekly inventories.
Gold futures for the month of August delivery finished the session at $930.50 per ounce down by 1.1 per cent on the New York Mercantile Exchange. » Send to friends
10:08 AM -
Today domestic markets are likely to open negative as the US markets have closed with huge losses on the back of disappointing Non-Farm unemployment data. The Asian markets have also opened with blood bath exuding signs of weakness at broader level. In the domestic arena the Railway budget to be announced today will be the head line in news and traders would take safer positions ahead of the Union Budget to be announced on Monday July 6.
On Thursday, domestic markets closed flat. The trading started with a subdued note on mixed cues from Asian markets as well as due to cautiousness amongst local traders ahead of the Union Budget due on Monday, July 6. The Economic survey that called for sweep reforms hardly pumped the traders' sentiments. There was lack of buying effort across the broader level as investors are desperately waiting for the real budget stimulus. The weak opening of the European markets further pulled the market sentiments as the domestic benchmark indices kept gyrating throughout the day. Sectors like Metal, PSU, Realty and HC gained by 3.26 per cent, 1.95 per cent, 1.55 per cent and 0.84 per cent respectively. BSE Midcap and Smallcap managed to close with gains of 0.33 per cent and 0.74 per cent respectively. There could be a range bound trade today with negative bias.
The BSE Sensex closed up by 13.02 points at 14,658.49 and NSE Nifty ended up by 7.95 points at 4,348.85. BSE Mid Caps closed with gains of 16.76 points and 42.82 points at 5,144.27 and 5,800.24 respectively. The BSE Sensex touched intraday high of 14,764.35 and intraday low of 14,469.69.
On Thursday, the US Markets ended with huge losses on the back of worse than expected Non-farm payroll job losses. The session started with stocks diving sharply lower amidst expectations of disappointing jobs report. The selling pressure erupted after the news of the June Nonfarm Payrolls... » Send to friends
On Thursday, domestic markets closed flat. The trading started with a subdued note on mixed cues from Asian markets as well as due to cautiousness amongst local traders ahead of the Union Budget due on Monday, July 6. The Economic survey that called for sweep reforms hardly pumped the traders' sentiments. There was lack of buying effort across the broader level as investors are desperately waiting for the real budget stimulus. The weak opening of the European markets further pulled the market sentiments as the domestic benchmark indices kept gyrating throughout the day. Sectors like Metal, PSU, Realty and HC gained by 3.26 per cent, 1.95 per cent, 1.55 per cent and 0.84 per cent respectively. BSE Midcap and Smallcap managed to close with gains of 0.33 per cent and 0.74 per cent respectively. There could be a range bound trade today with negative bias.
The BSE Sensex closed up by 13.02 points at 14,658.49 and NSE Nifty ended up by 7.95 points at 4,348.85. BSE Mid Caps closed with gains of 16.76 points and 42.82 points at 5,144.27 and 5,800.24 respectively. The BSE Sensex touched intraday high of 14,764.35 and intraday low of 14,469.69.
On Thursday, the US Markets ended with huge losses on the back of worse than expected Non-farm payroll job losses. The session started with stocks diving sharply lower amidst expectations of disappointing jobs report. The selling pressure erupted after the news of the June Nonfarm Payrolls... » Send to friends
9:48 AM -
The FIIs on Thursday stood as net buyers in equity and net debt. The Gross equity purchased stood at Rs 1,448.60 Crore and gross debt purchased stood at Rs 225.80 Crore, while the gross equity sold stood at Rs 1,284.90 Crore and gross debt sold stood at Rs 41.40 Crore. Therefore, the net investment of equity and debt reported were Rs 163.70 Crore and Rs 184.30 Crore respectively.
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