Wednesday, January 23, 2008

Mkt trading near day's high: Biggest ever gain for Sensex

The markets are trading firm at the day's high on buying seen in scrips across sectors. Sensex has rallied over 1200 points and Nifty is up nearly 400 points. It has been biggest ever intra day gains for Sensex. Metal, realty, oil & gas and banking space have been in the focus since opening. All the key BSE indices are trading in green with substantial gains. Europe has opened with a fair amount of strength.

At 2:00 pm, the Sensex is up 1,258.59 points or 7.52% at 17988.53, and the Nifty up 412.10 points or 8.41% at 5311.40. About 1401 shares have advanced, 1535 shares declined, and 46 shares are unchanged.

CNX Midcap is up 9% and Smallcap index is up over 5%. BSE Realty index is up 15%, Unitech is up 16.5% and DLF is up 11.5%. NSE Advance:Decline is at 5:2

Top gainers on the Sensex are HDFC Bank, Bajaj Auto and Hindalco up 9%. NTPC at Rs 213.70 up 8.64%, Reliance at Rs 2,561 up 8.61% and BHEL at Rs 2,154 up 8.50%.

Top loser on the Sensex are Wipro down 1.4%.

Top Sensex gainers were HDFC, SBI, NTPC, SBI, DLF and ICICI Bank. In the realty space, Peninsula Land, Omaxe, Sobha Developer, Parsvnath and Anant Raj Inds were up over 10%.

In the metal sector, the counters which are in focus were Hind Zinc, Sesa Goa, Mah Seamless, JSW Steel and Sterlite Inds. IT space was also in focus today and I Flex, Mphasis, Patni Computers and HCL tech were tradin with over 5% gains.

Mkt trading near day's high: Biggest ever intra day gain for Sensex

The markets are trading firm at the day's high on buying seen in scrips across sectors. Sensex has rallied over 1000 points and Nifty is up 350 points. Metal, realty, oil & gas and banking space have been in the focus since opening. All the key BSE indices are trading in green with substantial gains barring consumer durables and smallcap index which have given up most of its early gains.

At 1.06 hrs IST, the Sensex is up 1017 points at 17745, and the Nifty up 334.25 points or 6.82% at 5233.55.

About 1175 shares have advanced, 1760 shares declined, and 47 shares are unchanged.

Top gainers on the Sensex are NTPC at Rs 213.70 up 8.64%, Reliance at Rs 2,561 up 8.61% and BHEL at Rs 2,154 up 8.50%.

Top losers on the Sensex are Wipro at Rs 417.95 down 2.54%, Bharti Airtel at Rs 836 down1.57% and Ambuja Cements at Rs 115.30 down 0.82%.

Top Sensex gainers were HDFC, SBI, NTPC, SBI, DLF and ICICI Bank. In the realty space, Peninsula Land, Omaxe, Sobha Developer, Parsvnath and Anant Raj Inds were up over 10%.

In the metal sector, the counters which are in focus were Hind Zinc, Sesa Goa, Mah Seamless, JSW Steel and Sterlite Inds. IT space was also in focus today and I Flex, Mphasis, Patni Computers and HCL tech were tradin with over 5%^ gains.

Mkts strong but off early highs; small caps under pressure

The markets have once again picked up some momentum but are still off early highs. Metal, realty, oil & gas and banking space have been in the focus since opening. All the key BSE indices are trading in green with substantial gains barring consumer durables and smallcap index which have given up most of its early gains.

At 12:00, the Sensex is up 584.09 points or 3.49% at 17314.03, and the Nifty up 192.90 points or 3.94% at 5092.20. About 1151 shares have advanced, 1779 shares declined, and 52 shares are unchanged.

Market breadth have been impressive so far with over 700 stocks on the advancing side and nearly 400 stocks on the decline side on NSE. However, turnover has been some concern today. Rupee was quoting at 39.36 against USD.

Top gainers on the Sensex are NTPC at Rs 213.70 up 8.64%, Reliance at Rs 2,561 up 8.61% and BHEL at Rs 2,154 up 8.50%.

Top losers on the Sensex are Wipro at Rs 417.95 down 2.54%, Bharti Airtel at Rs 836 down1.57% and Ambuja Cements at Rs 115.30 down 0.82%.

Top Sensex gainers were HDFC, SBI, NTPC, SBI, DLF and ICICI Bank. In the realty space, Peninsula Land, Omaxe, Sobha Developer, Parsvnath and Anant Raj Inds were up over 10%.

In the metal sector, the counters which are in focus were Hind Zinc, Sesa Goa, Mah Seamless, JSW Steel and Sterlite Inds. IT space was also in focus today and I Flex, Mphasis, Patni Computers and HCL tech were tradin with over 5%^ gains.

Mkts strong but off early highs; metal, oil stocks up

The markets bounced back smartly in the opening trade today after seven consecutive fall and are trading strong but off day's high. Huge buying has been taking place across the sectors led by the realty, banking, metal and oil & gas. All the Sensex stocks are in green with substantial gains. Midcap space is also very strong and the market breadth has been very impressive so far with very good volume so far.

At 10.55 am, the Sensex is up 347.00 points or 2.07% at 17076.94, and the Nifty up 150.75 points or 3.08% at 5050.05. About 1046 shares have advanced, 1875 shares declined, and 61 shares are unchanged.

Top gainers on the Nifty are Reliance Energy at Rs 1,785 up 8.27%, Unitech at Rs 378 up 7.82% and Reliance Comm at Rs 618 up 7.44%.

Top losers on the Nifty are NALCO at Rs 410 down 4.33%, Wipro at Rs 417.50 down 3.35% and Sun Pharma at Rs 940.50 down 2.94%.

Top Sensex gainers were HDFC, SBI, NTPC, SBI, DLF and ICICI Bank. In the realty space, Peninsula Land, Omaxe, Sobha Developer, Parsvnath and Anant Raj Inds were up over 10%.

In the metal sector, the counters which are in focus were Hind Zinc, Sesa Goa, Mah Seamless, JSW Steel and Sterlite Inds. IT space was also in focus today and I Flex, Mphasis, Patni Computers and HCL tech were tradin with over 5%^ gains.

Mkts open with huge gap up; Sensex jumps over 900 pts

The markets have bounced back smartly in the opening trade with over 900 points gain in Sensex and nearly 200 points in Nifty. All the Sensex index were in green with substantial gains. The bounce back was supported by the strong cues from the Asian markets.

At 9:56 am Sensex was up 907 points at 17437 and Nifty jumped 196 points at 5096. Major gainers in the opening move were Infosys, ICICI bank, BHEL, ONGC, Rel Comm, NTPC, Rel Energy, Reliance.

Asian markets were trading higher. Hong Kong's Hang Seng surged 7.28% or 1584.55 points at 23,342.18. Japan's Nikkei gained 3.35% or 421.27 points at 12,994.32. Singapore's Straits Times advanced 2.97% or 85.27 points at 2,951.82. South Korea's Seoul Composite shot up 1.74% or 28 points at 1,637.02. However, Taiwan's Taiwan Weighted was down 0.17% or 12.91 points at 7,569.05.

US markets: Dow Jones was down 1.05% or 127.62 points at 11971.68. The Standard & Poor's 500 index slipped 14.69 points, or 1.11%, to 1,310.50, while the Nasdaq composite index plunged 47.75 points, or 2.04%, to 2,292.27.

Market cues:

* FIIs net sell USD 601.3 million in equity
* MFs net buy Rs 1,998 crore in equity
* NSE F&O Open Interest down by Rs 21,005 crore at Rs 89,100 crore
* Relief rally in Asia; US ends sharply off-lows

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