The markets closed in green with moderate gain after a gap up opening on the back of strong cues from Asia and the US. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5%-3%, there were no runaway rallies seen.
Europe was off the highs after UK based HBOS reported pound 227 million.
Only frontliners closed in green but midcaps and smallcaps closed weak.Nifty breached 4600 mark but closed below the 4600 mark and Sensex slipped below 15000 levels.
On a weekly basis it was an very weak close for the markets with Sensex and Nifty down 5%. TMarkets witnesses second biggest single day fall this week. The broader markets lost nearly 10%. Bankex was down 10% followed by metal index down 8%.
Sensex closed up 161.37 points or 1.09% at 14994.83, and the Nifty up 40.95 points or 0.90% at 4573.95.
About 893 shares have advanced, 2088 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 5,964.10 down 1.2%.
The BSE Smallcap Index ended at 7,222.20 down 2%.
The BSE Bankex closed flat at 7,495.26. Yes, Federal Bank, IOB, HDFC Bank, closed in green.
The BSE Capital Goods Index closed at 13,095.72 up 1.3%. Areva, L&T, BHEL, ABB closed higher.
The BSE Auto Index closed at 4,398.25 up 1.4%. Exide, Tata Mtotos, M&M, Apollo Tyres, Ashok Leyland closed higher.
The BSE Metal Index closed at 13,498.55 up 0.4%. SAIL, JSW Steel, Sesa Goa, Jindal Stainless, Hind Zinc closed higher.
The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, P&G ended higher
BSE Oil and Gas Index closed at 9,717.56 up 0.06%. GAIL, Cairn, IOC, Reliance ended higher.
The BSE IT Index was at 3,369.63 up 2%. HCL, Infosys, Satyam, Wipro, TCS, Tech Mahindra closed higher.
The NSE cash turnover was at Rs 13937.1 crore and the NSE F&O turnover was at Rs 46365.04 crore. The BSE cash turnover was Rs 5781.11crore. Total market wide turnover was at Rs 66083.25 crore.
Markets Today
Markets off day's high on profit booking in line with Asian peers
Sensex ends up 161 pts at 14994; down 470 pts from day's high
Nifty ends up 41 pts at 4574; down nearly 150 pts from day's high
CNX Midcap Index down 0.23%, BSE Small-cap Index down 2%
IT Index up 2.14%; Satyam up 5.7%, Wipro up 5.3%, Infosys up 2.2%
BSE Realty Index down 2.14%; DLF down 1.4%, Unitech down 3.4%
Index Gainers; Tata Motors up 5%, SAIL up 4.4%, Nalco up 4.2%, M&M up 3.6%
Non-index gainers; Yes Bank up 7.6%; management says not having any uncovered forex exposures
Losers; Guj NRE Coke down 8.5%, IFCI down 6.6%, Neyveli Lignite down 6.24%
NSE Advance Decline at 1:2; slips from 5:1 in the morning
Total market turnover at Rs 66083.25 cr
Thursday, March 20, 2008
dont carry open positions to next week
Today is last trading day for indian markets in this week. Cant predict what news wil come in next 4 days. so dont carry any postions from today to next week.Book profits today only.
All sectors in positive
BSE IT 3377.08 +78.21
BSE Healthcare 3703.30 +58.37
BSE FMCG 2172.13 +41.39
BANKEX 7739.87 +245.90
BSE Auto 4448.15 +109.08
BSE TECk 2907.50 +71.57
BSE PSU 7321.34 +167.03
BSE Healthcare 3703.30 +58.37
BSE FMCG 2172.13 +41.39
BANKEX 7739.87 +245.90
BSE Auto 4448.15 +109.08
BSE TECk 2907.50 +71.57
BSE PSU 7321.34 +167.03
MTNL to sale 50% in Suntel, stock rises
The company is likely to offload 50% stake in Suntel post acquisition, reports The Economic Times.
Reliance Com to acquire European comapny
The comapny is looking to acquire European WiMax co for USD 300-400 milliom, reports DNA.
Markets trading high Bank, realty, cap goods surge
The markets are trading firm at the higher as sustained buying continues, its a smidge down from the high point of the day.After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia is trading in green most with gains of over 1.5%, there are no runaway rallies seen.
It is the smallcaps that have underperformed a bit. Nifty has maintained 4650 and Sensex has latched on to 15300 levels. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
At 11.33 hrs IST, the Sensex is up 482.79 points or 3.25% at 15316.25, and the Nifty up 113.95 points or 2.51% at 4646.95.
About 1536 shares have advanced, 1432 shares declined, and 90 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng up nearly 3%, Japan's Nikkei up over 2%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkt trades firm: Bank, realty, cap goods surge
The markets are trading firm at the higher level on buying seen in scrips across sectors. After the Fed cut discount rate by 75 bps markets across globe have rallied. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back. BSE Midcap index is up over 3% and smallcap index is up nearly 3%.
Bankex is up over 5% followed by realty up 5%, capital goods and power index up over 3.5%.
At 10.29 hrs IST, the Sensex is up 530.72 points or 3.58% at 15364.18, and the Nifty up 132.70 points or 2.93% at 4665.70.
About 1787 shares have advanced, 1191 shares declined, and 80 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng added 3.61%, Japan's Nikkei gained 3.23%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkts open strong mirroring sturdy global cues
The markets have opened on a strong note mirroring phenomenal rally in US markets as FOMC cut the Fed funds and discount rates by 75 bps. Asian markets are also supported this rally. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers in morning trade. Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back.
At 9:56 am, the Sensex was up 632 points at 15465 and the Nifty up 165 points at 4698. CNX Midcap gained by 241 points at 6,102.
SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
The BSE Realty, Bankex, Power and Capital Goods indices were up nearly 4-6%. Oil & Gas, Metal, IT and Teck indices jumped over 3%.
It is the smallcaps that have underperformed a bit. Nifty has maintained 4650 and Sensex has latched on to 15300 levels. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
At 11.33 hrs IST, the Sensex is up 482.79 points or 3.25% at 15316.25, and the Nifty up 113.95 points or 2.51% at 4646.95.
About 1536 shares have advanced, 1432 shares declined, and 90 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng up nearly 3%, Japan's Nikkei up over 2%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkt trades firm: Bank, realty, cap goods surge
The markets are trading firm at the higher level on buying seen in scrips across sectors. After the Fed cut discount rate by 75 bps markets across globe have rallied. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back. BSE Midcap index is up over 3% and smallcap index is up nearly 3%.
Bankex is up over 5% followed by realty up 5%, capital goods and power index up over 3.5%.
At 10.29 hrs IST, the Sensex is up 530.72 points or 3.58% at 15364.18, and the Nifty up 132.70 points or 2.93% at 4665.70.
About 1787 shares have advanced, 1191 shares declined, and 80 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng added 3.61%, Japan's Nikkei gained 3.23%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkts open strong mirroring sturdy global cues
The markets have opened on a strong note mirroring phenomenal rally in US markets as FOMC cut the Fed funds and discount rates by 75 bps. Asian markets are also supported this rally. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers in morning trade. Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back.
At 9:56 am, the Sensex was up 632 points at 15465 and the Nifty up 165 points at 4698. CNX Midcap gained by 241 points at 6,102.
SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
The BSE Realty, Bankex, Power and Capital Goods indices were up nearly 4-6%. Oil & Gas, Metal, IT and Teck indices jumped over 3%.
Wednesday, March 19, 2008
Performance of 19th March
Buy INFOSYS@1350 target 1450/1550/1565 opens 1,349.95 high 1,373.00
Buy TCS@820 target 855/899/910 opens 828.00 high - 840.00
Buy Patni@203 Target 210/215/225 opens 208.80 high 212.30
Buy WIPRO@360 target 372/380/388 opens 370.00 high 370.00
RCOM@496 target 505/508/515/524 opens 510.00 high 520.00 low 505.15
RPOWER@316 target 320/326/332/340 opens 337.00 high 337.00
RPL@152 target 155/157/162 opens 159.00 high 161.70
RNRL@101 target 105/110/112 opens 107.20 high 116.90
MTNL@100 target 109/115/122/135 opens 100.50 high 103.85
HINDALCO@161 target 165/172/176 opens 164.90 high 168.50
FCH@525 Target 530/550/563 opens 538.00 high 560.00
Buy TCS@820 target 855/899/910 opens 828.00 high - 840.00
Buy Patni@203 Target 210/215/225 opens 208.80 high 212.30
Buy WIPRO@360 target 372/380/388 opens 370.00 high 370.00
RCOM@496 target 505/508/515/524 opens 510.00 high 520.00 low 505.15
RPOWER@316 target 320/326/332/340 opens 337.00 high 337.00
RPL@152 target 155/157/162 opens 159.00 high 161.70
RNRL@101 target 105/110/112 opens 107.20 high 116.90
MTNL@100 target 109/115/122/135 opens 100.50 high 103.85
HINDALCO@161 target 165/172/176 opens 164.90 high 168.50
FCH@525 Target 530/550/563 opens 538.00 high 560.00
Market opens Gapup more than 100 points
See as i told the market opened more than 100points up and still holding that level
Indian Market to open gap up
NSE Nifty to open atleast 100 points. Nifty is having resistances 4760/4825/4900/5055.
BSE wil open 300 points up.
Still more downside expected so book profit and keep cash with u. buy in next week,,
BSE wil open 300 points up.
Still more downside expected so book profit and keep cash with u. buy in next week,,
Asian Markets surge further
After opening gap up Asian markets surge further up in +ve at 8.30AM IST
Nikkei 225 12,292.73 +328.57 +2.75%
Hang Seng 21,942.34 +557.73 +2.61%
Straits Times 2,892.74 +59.16 +2.09
Nikkei 225 12,292.73 +328.57 +2.75%
Hang Seng 21,942.34 +557.73 +2.61%
Straits Times 2,892.74 +59.16 +2.09
Japan shares jump 3 pct as Bear Stearns nerves ease
Japan's Nikkei share average jumped 2.8 percent on Wednesday, tracking steep gains on Wall Street after solid results from two top investment banks soothed investor nerves after Bear Stearns' sudden downfall.
The dollar's overnight gains also helped exporters, with digital camera maker Canon Inc rising more than 7 percent and Honda Motor Co Ltd up nearly 6 percent.
The benchmark Nikkei ended the morning session up 328.57 points at 12,292.73 after rising as high as 12,374.75. The broader TOPIX was up 3 percent at 1,198.67.
The dollar's overnight gains also helped exporters, with digital camera maker Canon Inc rising more than 7 percent and Honda Motor Co Ltd up nearly 6 percent.
The benchmark Nikkei ended the morning session up 328.57 points at 12,292.73 after rising as high as 12,374.75. The broader TOPIX was up 3 percent at 1,198.67.
US market Closes High
After Fed rate cut, Market recovered went to high and closed high
US closing updates
Dow 12,385.41 +413.16 +3.45%
Nasdaq 2,268.26 +91.25 +4.19%
S&P 500 1,330.28 +53.68 +4.20%
Indian markets to open gap up.. Intraday good for buy in the moring sell in an hour and buy back in the selling/profit booking wave. Remember today is last trading day for us
US closing updates
Dow 12,385.41 +413.16 +3.45%
Nasdaq 2,268.26 +91.25 +4.19%
S&P 500 1,330.28 +53.68 +4.20%
Indian markets to open gap up.. Intraday good for buy in the moring sell in an hour and buy back in the selling/profit booking wave. Remember today is last trading day for us
Picks for 19th March
After US rate cut.. Tomorrow we can expect one more gap up..
With USD reducing, IT shares wil surge tomorrow..
Buy INFOSYS@1350 target 1450/1550/1565
Buy TCS@820 target 855/899/910
Buy Patni@203 Target 210/215/225
Buy WIPRO@360 target 372/380/388
Other Pics
RCOM@496 target 505/508/515/524
RPOWER@316 target 320/326/332/340
RPL@152 target 155/157/162
RNRL@101 target 105/110/112
MTNL@100 target 109/115/122/135
HINDALCO@161 target 165/172/176
FCH@525 Target 530/550/563
Please keep booking profits.. Dont go long.. More downside possible in coming days..
Also Thursday and Friday leave to the market so dont carry any position
With USD reducing, IT shares wil surge tomorrow..
Buy INFOSYS@1350 target 1450/1550/1565
Buy TCS@820 target 855/899/910
Buy Patni@203 Target 210/215/225
Buy WIPRO@360 target 372/380/388
Other Pics
RCOM@496 target 505/508/515/524
RPOWER@316 target 320/326/332/340
RPL@152 target 155/157/162
RNRL@101 target 105/110/112
MTNL@100 target 109/115/122/135
HINDALCO@161 target 165/172/176
FCH@525 Target 530/550/563
Please keep booking profits.. Dont go long.. More downside possible in coming days..
Also Thursday and Friday leave to the market so dont carry any position
Stocks Still Up After Fed Move
Wall Street is still sharply higher while investors digest the Federal Reserve's decision to cut interest rates by three-quarters of a percentage point. Many investors were expecting a cut of a full percentage point.
Market @12:30 AM IST
Dow 12,300.01 +327.76 +2.74%
Nasdaq 2,234.09 +57.08 +2.62%
S&P 500 1,319.47 +42.87 +3.36%
Market @12:30 AM IST
Dow 12,300.01 +327.76 +2.74%
Nasdaq 2,234.09 +57.08 +2.62%
S&P 500 1,319.47 +42.87 +3.36%
Fed Cuts Funds Rate to 3-Year Low -- Markets react by volatile trading
After the FED cuts the Rate to 3-year low, Market goes down a bit sharply, since it was expecting a cut of 100 basis points instead of 75 basis point. But recovers back again.. Market at 12:00AM IST
Dow 12,186.93 +214.68 +1.79%
Nasdaq 2,229.29 +52.28 +2.40%
S&P 500 1,301.87 +25.27 +1.98%
Dow 12,186.93 +214.68 +1.79%
Nasdaq 2,229.29 +52.28 +2.40%
S&P 500 1,301.87 +25.27 +1.98%
Fed Slashes Rates by Three-Quarter Points-
Fed Slashes Rates by Three-Quarter Points
With recession fears growing, the Federal Reserve slashed the federal funds rate by three-quarters of a point. Most investors expected a full-point reduction. Today’s cut comes on the heels of the Bear Stearns bailout and U.S. Treasury Secretary Henry Paulson saying the U.S. economy is in "sharp decline."
The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
The latest action brought the federal funds rate -- the interest that banks charge each other -- down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action -- if necessary -- to help the sagging economy.
With recession fears growing, the Federal Reserve slashed the federal funds rate by three-quarters of a point. Most investors expected a full-point reduction. Today’s cut comes on the heels of the Bear Stearns bailout and U.S. Treasury Secretary Henry Paulson saying the U.S. economy is in "sharp decline."
The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
The latest action brought the federal funds rate -- the interest that banks charge each other -- down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action -- if necessary -- to help the sagging economy.
Dow Jumps 200 in Opening Minutes Ahead of Expected Rate Cut
Stocks rallied in early trading Tuesday as investors, relieved by better-than-expected results from Lehman Brothers and Goldman Sachs, also anticipated a massive interest rate cut from the Federal Reserve. The Dow Jones industrial average surged more than 200 points.
A rate cut from the Fed in the afternoon would come just two days after the central bank backed JPMorgan's buy of Bear Stearns Cos., and loosened up its own lending practices
Though the stock market wants more details about the souring mortgage-related bets on investment banks' books, its tone Tuesday was significantly more upbeat than it has been in recent days.
Two rivals of Bear Stearns -- Lehman Brothers Inc. and Goldman Sachs Group Inc. -- both posted quarterly profits that were significantly lower than they were a year ago, but higher than analysts had anticipated.
Market at 7:30PM IST
Dow 12,188.07 +215.82 +1.80%
Nasdaq 2,219.53 +42.52 +1.95%
S&P 500 1,303.87 +27.27 +2.14%
A rate cut from the Fed in the afternoon would come just two days after the central bank backed JPMorgan's buy of Bear Stearns Cos., and loosened up its own lending practices
Though the stock market wants more details about the souring mortgage-related bets on investment banks' books, its tone Tuesday was significantly more upbeat than it has been in recent days.
Two rivals of Bear Stearns -- Lehman Brothers Inc. and Goldman Sachs Group Inc. -- both posted quarterly profits that were significantly lower than they were a year ago, but higher than analysts had anticipated.
Market at 7:30PM IST
Dow 12,188.07 +215.82 +1.80%
Nasdaq 2,219.53 +42.52 +1.95%
S&P 500 1,303.87 +27.27 +2.14%
US Markets open Gap UP
US markets showing all positive signs opens up GAP up by 2%
Dow 12,184.82 +212.57 +1.78%
Nasdaq 2,224.92 +47.91 +2.20%
S&P 500 1,302.09 +25.49 +2.00%
Dow 12,184.82 +212.57 +1.78%
Nasdaq 2,224.92 +47.91 +2.20%
S&P 500 1,302.09 +25.49 +2.00%
Post-Market Report March 18, 2008
After witnessing a swing of 493 points in intra-day trades, the Sensex ended with marginal gains.
A rebound on the bourses after yesterday's sharp slump proved short
lived as the Sensex gave up most of its intra-day gains in choppy
trade. The market registered small gains for the day. The market
had surged in afternoon trade after reports of top corporates
paying higher advance tax in the fourth installment of 15 March
2008, raised expectations of good Q4 March 2008 results. Firm
European markets had also aided the rally. The market had witnessed
a bout of volatility earlier in the day.
Exhibiting sharp volatility in the first half, the Sensex resumed with a negative gap of 84 points at 14,726 and soon crossed the 17,700 mark to touch an intra-day high of 14,677 on sustained selling across the board. However, the market soon drifted into positive territory as a sharp bout of buying pressure dragged the index to an intra-day high of 15,170. After erasing losses in the noon trades, the Sensex once again notched up significant gains on renewed buying support before profit taking saw the Sensex shed some gains and end the session at 14,833, up 24 points. However, the Nifty after a mixed outing ended higher at 4,533, up 30 points.
The market breadth was weak: On BSE 1,925 shares declined as
compared to 745 shares that advanced. 45 shares remained unchanged.
18 out of 30 Sensex stocks were trading in green.
The BSE Mid-Cap index declined 1.48% to 6,033.91 and BSE Small-Cap
index declined 2.09% to 7,365.20.
BSE Consumer Durables index (down 0.68% to 3,613.90), BSE Oil & Gas
index (down 0.92% to 9,711.60), BSE Metal index (down 2.07% to
13,440.78), BSE IT index (up 0.04% to 3,298.87), BSE Bankex (down
0.99% to 7,493.97), BSE PSU index (up 0.01% to 7,154.31)
underperformed Sensex.
BSE Power index (up 0.62% to 2,992.01), BSE HealthCare index (up
0.64% to 3,644.93), BSE Capital Goods index (up 1.79% to 12,933.88)
BSE Auto index (up 0.22% to 4,339.07), BSE Realty index (up 1.92%
to 7,243) and BSE FMCG index (up 0.53% to 2,130.74) outperformed
Sensex.
From the Sensex pack, Ranbaxy Laboratories (up 3.4% to Rs 452.85),
Hindustan Unilever (up 3.8% to Rs 231.05), DLF (up 5.3% to Rs
634.75), Tata Consultancy Services (up 3.17% to Rs 817.30), Bharat
Heavy Electricals (up 1.55% to Rs 1,823.80), Reliance
Communications (up 3.03% to Rs 497.80) and Cipla (up 2.02% to Rs
204.45) were major gainers.
A rebound on the bourses after yesterday's sharp slump proved short
lived as the Sensex gave up most of its intra-day gains in choppy
trade. The market registered small gains for the day. The market
had surged in afternoon trade after reports of top corporates
paying higher advance tax in the fourth installment of 15 March
2008, raised expectations of good Q4 March 2008 results. Firm
European markets had also aided the rally. The market had witnessed
a bout of volatility earlier in the day.
Exhibiting sharp volatility in the first half, the Sensex resumed with a negative gap of 84 points at 14,726 and soon crossed the 17,700 mark to touch an intra-day high of 14,677 on sustained selling across the board. However, the market soon drifted into positive territory as a sharp bout of buying pressure dragged the index to an intra-day high of 15,170. After erasing losses in the noon trades, the Sensex once again notched up significant gains on renewed buying support before profit taking saw the Sensex shed some gains and end the session at 14,833, up 24 points. However, the Nifty after a mixed outing ended higher at 4,533, up 30 points.
The market breadth was weak: On BSE 1,925 shares declined as
compared to 745 shares that advanced. 45 shares remained unchanged.
18 out of 30 Sensex stocks were trading in green.
The BSE Mid-Cap index declined 1.48% to 6,033.91 and BSE Small-Cap
index declined 2.09% to 7,365.20.
BSE Consumer Durables index (down 0.68% to 3,613.90), BSE Oil & Gas
index (down 0.92% to 9,711.60), BSE Metal index (down 2.07% to
13,440.78), BSE IT index (up 0.04% to 3,298.87), BSE Bankex (down
0.99% to 7,493.97), BSE PSU index (up 0.01% to 7,154.31)
underperformed Sensex.
BSE Power index (up 0.62% to 2,992.01), BSE HealthCare index (up
0.64% to 3,644.93), BSE Capital Goods index (up 1.79% to 12,933.88)
BSE Auto index (up 0.22% to 4,339.07), BSE Realty index (up 1.92%
to 7,243) and BSE FMCG index (up 0.53% to 2,130.74) outperformed
Sensex.
From the Sensex pack, Ranbaxy Laboratories (up 3.4% to Rs 452.85),
Hindustan Unilever (up 3.8% to Rs 231.05), DLF (up 5.3% to Rs
634.75), Tata Consultancy Services (up 3.17% to Rs 817.30), Bharat
Heavy Electricals (up 1.55% to Rs 1,823.80), Reliance
Communications (up 3.03% to Rs 497.80) and Cipla (up 2.02% to Rs
204.45) were major gainers.
Market Ends flat..
Markets ended flat amid a highly volatile session. Sensex opened flat and moved higher later but again slipped and was off nearly 400 points from day's high and Nifty was off 90 points. NSE advance:decline ratio was at 3:8. CNX Midcap was down 1.9% from the highs. Sensx failed to sustain above 15,000 mark and Nifty couldn't sustain above 4,600 levels.
Midcap stocks were a major disappointment in today's session and Nifty Junior ended deeper in the red. Buying support from realty, FMCG, pharma, capital good stocks. However, selling pressure was seen in bank, metal, oil stocks.
Indices
BSE 14809.38 -0.11 0.00%
NSE 4522.75 +19.65 0.44%
BSE Midcap 6024.16 -100.19
BSE 100 7805.73 -27.25
CNX Midcap 5858.50 -49.25
S&P CNX 500 3634.60 -7.75
BSE Smallcap 7354.60 -167.63
Sectorial
BSE IT 3289.10 -8.61
BSE Healthcare 3653.74 31.84
BSE FMCG 2131.71 12.11
BANKEX 7511.93 -57.23
BSE Auto 4341.14 11.68
BSE TECk 2829.61 16.93
BSE PSU 7158.40 4.96
Top Gainers BSE
DLF 634.75 5.30%
Ranbaxy Labs 454.80 3.85%
HUL 231.05 3.80%
TCS 817.30 3.17%
Top Losers BSE
Jaiprakash Asso 200.65 -3.56%
ACC 748.00 -2.98%
SBI 1584.90 -2.97%
Tata Stee l639.25 -2.92%
Breadth negative
Midcap stocks were a major disappointment in today's session and Nifty Junior ended deeper in the red. Buying support from realty, FMCG, pharma, capital good stocks. However, selling pressure was seen in bank, metal, oil stocks.
Indices
BSE 14809.38 -0.11 0.00%
NSE 4522.75 +19.65 0.44%
BSE Midcap 6024.16 -100.19
BSE 100 7805.73 -27.25
CNX Midcap 5858.50 -49.25
S&P CNX 500 3634.60 -7.75
BSE Smallcap 7354.60 -167.63
Sectorial
BSE IT 3289.10 -8.61
BSE Healthcare 3653.74 31.84
BSE FMCG 2131.71 12.11
BANKEX 7511.93 -57.23
BSE Auto 4341.14 11.68
BSE TECk 2829.61 16.93
BSE PSU 7158.40 4.96
Top Gainers BSE
DLF 634.75 5.30%
Ranbaxy Labs 454.80 3.85%
HUL 231.05 3.80%
TCS 817.30 3.17%
Top Losers BSE
Jaiprakash Asso 200.65 -3.56%
ACC 748.00 -2.98%
SBI 1584.90 -2.97%
Tata Stee l639.25 -2.92%
Breadth negative
Dont take positions for Long..
Market may slide back again in couple of days.. Dont go long. Play only intraday. Tomorrow there might bit more upmove depending on the US FED move.. But downside is more.
Good News for Indain Market
After Asian Markets, Europe market also opened Gap up. Today Indian market will close atlest 1-2% up from yesterdays close
Europe opens up gap up
With the news of fed rate cut and Asian market closing +ve Europe is also open gap up
FTSE 100 5,501.40 +87.00 +1.61%
DAX 6,275.64 +93.34 +1.51%
CAC 40 4,491.87 +60.83 +1.37%
FTSE 100 5,501.40 +87.00 +1.61%
DAX 6,275.64 +93.34 +1.51%
CAC 40 4,491.87 +60.83 +1.37%
Sensex above 15,000
The markets have gained some ground and are trading in green. Europe has opened in green lending some positive cues to the markets. Benchmark indices have outperformed the broader markets. After breaching 15,000 levels Sensex is trading above that mark. Bank, metal, realty stocks are among the top laggards on the indices. Buying is seen in energy, capital goods, IT stocks. CNX Midcap index is back in green.
At 1.27 hrs IST, the Sensex is up 139.61 points or 0.94% at 14949.10, and the Nifty up 66.90 points or 1.49% at 4570.00.
About 746 shares have advanced, 2238 shares declined, and 72 shares are unchanged.
Relaince Energy, DLF, Tata Communication, and BPL are among the top gainers up over 4% each followed by Satyam, Bharti Airtel, BHEL .
Sterlite Ind was down over 4%, JP Associates, HDFC Bank, Tata Steel down over 2% each, HDFC, HCL Tech and M&M were among the other losers on boures.
JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.
BSE 15062.46 +252.97 1.71%
NSE 4597.50 +94.40 2.10%
At 1.27 hrs IST, the Sensex is up 139.61 points or 0.94% at 14949.10, and the Nifty up 66.90 points or 1.49% at 4570.00.
About 746 shares have advanced, 2238 shares declined, and 72 shares are unchanged.
Relaince Energy, DLF, Tata Communication, and BPL are among the top gainers up over 4% each followed by Satyam, Bharti Airtel, BHEL .
Sterlite Ind was down over 4%, JP Associates, HDFC Bank, Tata Steel down over 2% each, HDFC, HCL Tech and M&M were among the other losers on boures.
JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.
BSE 15062.46 +252.97 1.71%
NSE 4597.50 +94.40 2.10%
Asian Markets closes in +ve node and most of them are trading +ve
Asian Markets recovers from lows again and ends in days high
Nikkei 225 11,964.16 +176.65 +1.50%
Hang Seng 21,374.79 +290.18 +1.38%
Nikkei 225 11,964.16 +176.65 +1.50%
Hang Seng 21,374.79 +290.18 +1.38%
performance of calls@2.10PM IST
Calls@BUy@10.50
Buy ICICI@754 high 785
Buy RCOM@495 high 503.00
Buy RPL@158.95 high 160.10
Buy RPOWER@320 high 326.00
Buy IDBI@91.40 SL triggered
Buy ICICI@754 high 785
Buy RCOM@495 high 503.00
Buy RPL@158.95 high 160.10
Buy RPOWER@320 high 326.00
Buy IDBI@91.40 SL triggered
today's performance
Todays Performance
Calls tip @10.00AM IST
Sell RPOWER@326.00 low 318.20 after call
Sell RCOM@493.50 low 490.45 after call
SELL FCH@548.00 low 521.00 after call
Calls@BUy@10.50
Buy ICICI@754 high 768.70
Buy RCOM@495 high 497.95
Buy RPL@158.95 high 160.10
Buy RPOWER@320 high 326.00
Buy IDBI@91.40 SL triggered
Calls tip @10.00AM IST
Sell RPOWER@326.00 low 318.20 after call
Sell RCOM@493.50 low 490.45 after call
SELL FCH@548.00 low 521.00 after call
Calls@BUy@10.50
Buy ICICI@754 high 768.70
Buy RCOM@495 high 497.95
Buy RPL@158.95 high 160.10
Buy RPOWER@320 high 326.00
Buy IDBI@91.40 SL triggered
Markets slip
The markets have slipped and are trading in red with marginal losses. CNX midcap has given slipped deeper into the red. Bank, metal, realty stocks are among the top laggards on the indices. Selective buying is seen in energy stocks. Market breadth is On the global front, Asian markets are trading mixed.
At 11.30 hrs IST, the Sensex was down 46.06 points or 0.31% at 14763.43, and the Nifty down 10.30 points or 0.23% at 4492.80.
About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged.
Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures.
JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.
At 11.30 hrs IST, the Sensex was down 46.06 points or 0.31% at 14763.43, and the Nifty down 10.30 points or 0.23% at 4492.80.
About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged.
Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures.
JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.
Tuesday, March 18, 2008
BUy@10.50
Buy ICICI@754
Buy RCOM@495
Buy RPL@158.95
Buy RPOWER@320
Buy IDBI@91.40
Only intraday with strict SL
Buy RCOM@495
Buy RPL@158.95
Buy RPOWER@320
Buy IDBI@91.40
Only intraday with strict SL
Asain Markets Tumble
Asian market gets carck from the higher position moving towards deep red now :(
Nikkei 225 11,834.54 +47.03 +0.40%
Hang Seng 20,695.62 -388.99 -1.84%
Straits Times 2,768.54 -24.21 -0.87%
Nikkei 225 11,834.54 +47.03 +0.40%
Hang Seng 20,695.62 -388.99 -1.84%
Straits Times 2,768.54 -24.21 -0.87%
Indian Pre Market Report 18/03/2008
As per market buzz, a portfolio management scheme run by one of the biggest operators is facing big redemptions. With this being a curtailed trading week, traders are unlikely to build large positions. The market remains closed on Thursday (20 March 2008) on account of Id-E-Milad and on Friday (21 March 2008) on account of Good Friday.
The specter of more margin calls after a recent sharp slide may weigh on the bourses. Sensex tanked 951.03 points or 6.03% at 14,809.49 on Monday, 17 March 2008, as the fire sale of ailing US bank Bear Stearns and the Federal Reserve's emergency cut in its discount rate intensified concerns that there could be more victims of the global credit crisis. It was the second biggest single day point loss in the barometer index. Margin calls are normally triggered when markets show hyper volatility or witness abnormal slides
As per provisional data, FIIs sold shares worth a net Rs 658.22 crore on Monday, 17 March 2008. Local funds bought shares worth a net Rs 211.48 crore on that day. Foreign institutional investors (FIIs) were net sellers of Rs 435.32 crore in the futures & options segment on Monday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 287.77 crore and bought index options worth Rs 69.60 crore. They were net sellers of stock futures to the tune of Rs 204.87 crore and sold stock options worth Rs 12.29 crore
The specter of more margin calls after a recent sharp slide may weigh on the bourses. Sensex tanked 951.03 points or 6.03% at 14,809.49 on Monday, 17 March 2008, as the fire sale of ailing US bank Bear Stearns and the Federal Reserve's emergency cut in its discount rate intensified concerns that there could be more victims of the global credit crisis. It was the second biggest single day point loss in the barometer index. Margin calls are normally triggered when markets show hyper volatility or witness abnormal slides
As per provisional data, FIIs sold shares worth a net Rs 658.22 crore on Monday, 17 March 2008. Local funds bought shares worth a net Rs 211.48 crore on that day. Foreign institutional investors (FIIs) were net sellers of Rs 435.32 crore in the futures & options segment on Monday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 287.77 crore and bought index options worth Rs 69.60 crore. They were net sellers of stock futures to the tune of Rs 204.87 crore and sold stock options worth Rs 12.29 crore
Asian market back to red
Asian market comes down in a volatile market condition,. Asian markets moving towards red, after deep correction from higher levels, Only nikkei could sustain +ve trade. All the other Asian markets trading in red.
Nikkei 225 11,959.56 +172.05 +1.46%
Hang Seng 20,927.57 -157.04 -0.74%
Straits Times 2,787.67 -5.08 -0.18%
Nikkei 225 11,959.56 +172.05 +1.46%
Hang Seng 20,927.57 -157.04 -0.74%
Straits Times 2,787.67 -5.08 -0.18%
asian markets Open in green
Asain Markets opens gap up and trading in +ve range. In expectation of Fed rate asian markets doing well
Fed Primed to Cut Key Interest Rate - US markets recover
The Federal Reserve is primed to aggressively cut a key interest rate even lower on Tuesday, racing to contain spreading financial fires that threaten an economic meltdown.
Market is seeing The rate cut will be minimum of 0.75 or more. If it is not then very dangerous for the market
US closing:
Dow 11,972.25 +21.16 +0.18%
Nasdaq 2,177.01 -35.48 -1.60%
S&P 500 1,276.60 -11.54 -0.90%
Market is seeing The rate cut will be minimum of 0.75 or more. If it is not then very dangerous for the market
US closing:
Dow 11,972.25 +21.16 +0.18%
Nasdaq 2,177.01 -35.48 -1.60%
S&P 500 1,276.60 -11.54 -0.90%
Fed cuts lending rate to financial institutions to 3.25 percent from 3.50 percent
The Federal Reserve is urgently moving to contain a deepening credit crisis and restore confidence in panicked financial markets by becoming a lender of last resort for Wall Street investment houses, which were able to secure short-term emergency loans beginning Monday.
The central bank, in an extraordinarily rare weekend move, took the bold action Sunday in an attempt to calm the markets. It also approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately.
On Wall Street, investors remained somewhat skittish. The Dow Jones industrials, which were down more than 175 points in early trading, moved into positive territory later in the morning. Trading on world markets was down sharplyThe Fed acted just after JPMorgan Chase & Co. agreed to buy rival Bear Stearns Cos. for $236.2 million in a deal that represents a stunning collapse for one of the world's largest and most venerable investment houses. Just on Friday the Fed had raced to provide emergency financing to cash-strapped Bear Stearns through JPMorgan. Days earlier the Fed announced a set of other unconventional steps to thaw out a credit market in danger of freezing shut.
The Fed's actions come as fears have spread that other financial houses could also be on shaky ground.
The central bank, in an extraordinarily rare weekend move, took the bold action Sunday in an attempt to calm the markets. It also approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately.
On Wall Street, investors remained somewhat skittish. The Dow Jones industrials, which were down more than 175 points in early trading, moved into positive territory later in the morning. Trading on world markets was down sharplyThe Fed acted just after JPMorgan Chase & Co. agreed to buy rival Bear Stearns Cos. for $236.2 million in a deal that represents a stunning collapse for one of the world's largest and most venerable investment houses. Just on Friday the Fed had raced to provide emergency financing to cash-strapped Bear Stearns through JPMorgan. Days earlier the Fed announced a set of other unconventional steps to thaw out a credit market in danger of freezing shut.
The Fed's actions come as fears have spread that other financial houses could also be on shaky ground.
US markets tumble again in afternoon trade
Us markets fallen down in a volatile trade..
Market @10:40PM IST
Dow 11,841.35 -109.74 -0.92%
Nasdaq 2,165.37 -47.12 -2.13%
S&P 500 1,264.17 -23.97 -1.86%
Market @10:40PM IST
Dow 11,841.35 -109.74 -0.92%
Nasdaq 2,165.37 -47.12 -2.13%
S&P 500 1,264.17 -23.97 -1.86%
US markets recovers. Dow trading +ve
Wall Street clawed back from sharp losses Monday as investors snapped up bargain stocks following JPMorgan Chase & Co.'s government-backed buyout of the stricken investment bank Bear Stearns Cos.
US markets recovers from Deep
US Market at 8:30PM IST
Dow 11,880.50 -70.59 -0.59%
Nasdaq 2,185.29 -27.20 -1.23%
S&P 500 1,272.27 -15.87 -1.23%
Europe market continue asian trend closes Deep in red
FTSE 100 5,485.30 -146.40 -2.60%
DAX 6,223.38 -228.52 -3.54%
CAC 40 4,477.92 -114.23 -2.49%
Dow 11,880.50 -70.59 -0.59%
Nasdaq 2,185.29 -27.20 -1.23%
S&P 500 1,272.27 -15.87 -1.23%
Europe market continue asian trend closes Deep in red
FTSE 100 5,485.30 -146.40 -2.60%
DAX 6,223.38 -228.52 -3.54%
CAC 40 4,477.92 -114.23 -2.49%
Us markets open in deep red
Wall Street tumbled in early trading Monday as Wall Street and other global markets reeled from JPMorgan Chase & Co.'s government-backed buyout of the invalid investment bank Bear Stearns Cos. The Dow Jones industrials fell about 150 points in the first few minutes of trading.
Market 8:00PM IST
Dow 11,880.50 -70.59 -0.59%
Nasdaq 2,183.24 -29.25 -1.32%
S&P 500 1,271.91 -16.23 -1.26%
Market 8:00PM IST
Dow 11,880.50 -70.59 -0.59%
Nasdaq 2,183.24 -29.25 -1.32%
S&P 500 1,271.91 -16.23 -1.26%
17th March, THE BLACK MONDAY of indian Market
Yes, this is the black monday we ever had, with both sensex and Nifty losing ground with falling in a day the second highest ever fall.
The market tumbled today as the fire sale of ailing US bank Bear
Stearns and the Federal Reserve's emergency cut in its discount
rate intensified concerns that there could be more victims of the
global credit crisis
A setback in global markets rattled domestic bourses today as the
Sensex posted its biggest single-day point fall. The fall on the
bourses accentuated in late trade as BSE Sensex fell more than
1,000 points at the fag end of the trading session. Heavy selling
was seen in banking stocks. ICICI Bank, HDFC, Hindalco Industries,
Reliance Communications, Tata Steel and Reliance Energy were among
the top losers from Sensex pack. The market breadth was weak.
The 30-share BSE Sensex lost 951.03 points or 6.03% at 14,809.49.
It hit a low of 14,739.72 in late trade, its lowest level since
late August 2007. At day's low Sensex fell 1,020.80 points in late
trade.The 30-share BSE Sensex lost 951.03 points or 6.03% at 14,809.49.
It hit a low of 14,739.72 in late trade, its lowest level since
late August 2007. At day's low Sensex fell 1,020.80 points in late
trade.BSE Clocked a turnover of Rs 5,701 crore today 17 March 2008
compared to a turnover of Rs 5,914.99 on Friday,14 March 2008.
Nifty March 2008 futures were at 4477, at a discount of 26.10
points as compared to spot closing of 4503.10.
The NSE's futures & options (F&O) segment turnover was Rs 40,058.11
crore, which was lower than Rs 40,184.57 crore on Friday, 14 March
2008.
Consumer durable index was major loser among sectoral indices on
BSE. It fell more than 10%. Fertiliser stocks plunged. All the BSE
secoral indices were in red.
The market breadth was weak: On BSE 2,405 shares declined as
compared to 282 shares that advanced. 43 shares remained unchanged.
The BSE Mid-Cap index fell 6.97 % to 6,124.35 and BSE Small-Cap
index declined 6.9% to 7,522.23. Both these indices underperformed
Sensex.
BSE Consumer Durables index (down 9.69% to 3,638.56), BSE Metal
index (down 7.54% to 13,725.52), BSE Bankex (down 9.06% to
7,569.16), BSE Realty index (down 7.86% to 7,106.53) , BSE Capital
Goods index (down 6.43% to 12,706.31) underperformed Sensex.
BSE PSU index (down 4.97% to 7,153.44), BSE IT index (down 3.2% to
3,297.71), BSE Oil & Gas index (down 5.34% to 9,801.86),BSE Power
index (down 5.58% to 2,973.68), BSE HealthCare index (down 5.2% to
3,621.90), BSE Auto index (down 4.62% to 4,329.46), and BSE FMCG
index (down 3.18% to 2,119.60) outperformed Sensex.
India's largest private sector company in terms of market
capitalisation and oil refiner Reliance Industries declined 6.08%
to Rs 2,180.60..
Jaiprakash Associates (down 11.94% to Rs 208.05), HDFC (down 11.07%
to Rs 2,225.55), Reliance Energy (down 8.13% to Rs 1,190.80),
Hindalco Industries (down 9.2% to Rs 164.85), Tata Steel (down
7.93% to Rs 658.50), Grasim Industries (down 6.55% to Rs 2,670.85)
and Larsen & Toubro (down 7.03% to Rs 2,703.50), were major losers
from Sensex pack.
Banking stocks declined further in late trade. India's largest
commercial bank by net profit State Bank of India declined 4.72% to
Rs 1,633.40. ICICI Bank (down 13.76% to Rs 757.40), HDFC Bank (down
5.89% to Rs 1,238.50) edged lower.
Consumer durables stocks extended losses. Titan Industries (down
13.03% to Rs 930.05), Rajesh Exports (down 15.58% to Rs 79.65),
Videocon Industries (down 7.46% to Rs 279.30) and Blue Star (down
10.26% to Rs 380.50) edged lower.
India's biggest power-equipment maker by sales Bharat Heavy
Electricals (BHEL) declined 4.41% to Rs 1,796.05. As per reports,
the company will acquire Vizag-based Bharat Heavy Plates and
Vessels by the first half of 2008/09.
India's largest telecom services provider by sales Reliance
Communications fell 6.87% to Rs 482.75. It added 1.61 million
mobile subscribers in February 2008. The firm had 42.6 million
mobile subscribers at the end of January 2008.
Reliance Power declined 6.45% to Rs 315.70. It has reportedly
struck a deal to buy out a coal mine in Indonesia. The valuation of
the coal mine, based on its reserves, is estimated to be around Rs
20,000 crore.
Fertiliser stocks slumped. National Fertiliser (down 13.45% to Rs
38.60), Mangalore Chemicals & Fertilisers (down 10% to Rs 18.20),
Nagarjuna Chemicals & Fertilisers (down 7.79% to Rs 36.10), Chambal
Fertilisers & Chemicals (down 7.23% to Rs 48.75), Coromandel
Fertilisers (down 7.81% to Rs 103.30), Deepak Fertilisers (down
12.85% to Rs 92.60) edged lower.
Cairn India declined 6.61% to Rs 213.30. The company said today, 17
March 2008 before market hours its board will meet on 17 March 2008
to consider a preferential issue of equity shares.
Reliance Natural Resources clocked the highest volume of 2.26 crore
shares on BSE. Orchid Chemicals & Pharmaceuticals (1.54 crore
shares), Reliance Petroleum (1.37 crore shares), V-Guard Industries
(1.3 crore shares) and Ispat Industries (1.11 crore shares) were
the other volume toppers in that order.
Reliance Industries clocked highest turnover of Rs 274.22 crore on
BSE. GSS America Infotech (Rs 237.04 crore), Reliance Natural
Resources (Rs 232.49 crore), Reliance Petroleum (Rs 215.46 crore )
and Orchid Chemicals & Pharmaceuticals (Rs 206.98 crore) were the
other turnover toppers in that order
The market tumbled today as the fire sale of ailing US bank Bear
Stearns and the Federal Reserve's emergency cut in its discount
rate intensified concerns that there could be more victims of the
global credit crisis
A setback in global markets rattled domestic bourses today as the
Sensex posted its biggest single-day point fall. The fall on the
bourses accentuated in late trade as BSE Sensex fell more than
1,000 points at the fag end of the trading session. Heavy selling
was seen in banking stocks. ICICI Bank, HDFC, Hindalco Industries,
Reliance Communications, Tata Steel and Reliance Energy were among
the top losers from Sensex pack. The market breadth was weak.
The 30-share BSE Sensex lost 951.03 points or 6.03% at 14,809.49.
It hit a low of 14,739.72 in late trade, its lowest level since
late August 2007. At day's low Sensex fell 1,020.80 points in late
trade.The 30-share BSE Sensex lost 951.03 points or 6.03% at 14,809.49.
It hit a low of 14,739.72 in late trade, its lowest level since
late August 2007. At day's low Sensex fell 1,020.80 points in late
trade.BSE Clocked a turnover of Rs 5,701 crore today 17 March 2008
compared to a turnover of Rs 5,914.99 on Friday,14 March 2008.
Nifty March 2008 futures were at 4477, at a discount of 26.10
points as compared to spot closing of 4503.10.
The NSE's futures & options (F&O) segment turnover was Rs 40,058.11
crore, which was lower than Rs 40,184.57 crore on Friday, 14 March
2008.
Consumer durable index was major loser among sectoral indices on
BSE. It fell more than 10%. Fertiliser stocks plunged. All the BSE
secoral indices were in red.
The market breadth was weak: On BSE 2,405 shares declined as
compared to 282 shares that advanced. 43 shares remained unchanged.
The BSE Mid-Cap index fell 6.97 % to 6,124.35 and BSE Small-Cap
index declined 6.9% to 7,522.23. Both these indices underperformed
Sensex.
BSE Consumer Durables index (down 9.69% to 3,638.56), BSE Metal
index (down 7.54% to 13,725.52), BSE Bankex (down 9.06% to
7,569.16), BSE Realty index (down 7.86% to 7,106.53) , BSE Capital
Goods index (down 6.43% to 12,706.31) underperformed Sensex.
BSE PSU index (down 4.97% to 7,153.44), BSE IT index (down 3.2% to
3,297.71), BSE Oil & Gas index (down 5.34% to 9,801.86),BSE Power
index (down 5.58% to 2,973.68), BSE HealthCare index (down 5.2% to
3,621.90), BSE Auto index (down 4.62% to 4,329.46), and BSE FMCG
index (down 3.18% to 2,119.60) outperformed Sensex.
India's largest private sector company in terms of market
capitalisation and oil refiner Reliance Industries declined 6.08%
to Rs 2,180.60..
Jaiprakash Associates (down 11.94% to Rs 208.05), HDFC (down 11.07%
to Rs 2,225.55), Reliance Energy (down 8.13% to Rs 1,190.80),
Hindalco Industries (down 9.2% to Rs 164.85), Tata Steel (down
7.93% to Rs 658.50), Grasim Industries (down 6.55% to Rs 2,670.85)
and Larsen & Toubro (down 7.03% to Rs 2,703.50), were major losers
from Sensex pack.
Banking stocks declined further in late trade. India's largest
commercial bank by net profit State Bank of India declined 4.72% to
Rs 1,633.40. ICICI Bank (down 13.76% to Rs 757.40), HDFC Bank (down
5.89% to Rs 1,238.50) edged lower.
Consumer durables stocks extended losses. Titan Industries (down
13.03% to Rs 930.05), Rajesh Exports (down 15.58% to Rs 79.65),
Videocon Industries (down 7.46% to Rs 279.30) and Blue Star (down
10.26% to Rs 380.50) edged lower.
India's biggest power-equipment maker by sales Bharat Heavy
Electricals (BHEL) declined 4.41% to Rs 1,796.05. As per reports,
the company will acquire Vizag-based Bharat Heavy Plates and
Vessels by the first half of 2008/09.
India's largest telecom services provider by sales Reliance
Communications fell 6.87% to Rs 482.75. It added 1.61 million
mobile subscribers in February 2008. The firm had 42.6 million
mobile subscribers at the end of January 2008.
Reliance Power declined 6.45% to Rs 315.70. It has reportedly
struck a deal to buy out a coal mine in Indonesia. The valuation of
the coal mine, based on its reserves, is estimated to be around Rs
20,000 crore.
Fertiliser stocks slumped. National Fertiliser (down 13.45% to Rs
38.60), Mangalore Chemicals & Fertilisers (down 10% to Rs 18.20),
Nagarjuna Chemicals & Fertilisers (down 7.79% to Rs 36.10), Chambal
Fertilisers & Chemicals (down 7.23% to Rs 48.75), Coromandel
Fertilisers (down 7.81% to Rs 103.30), Deepak Fertilisers (down
12.85% to Rs 92.60) edged lower.
Cairn India declined 6.61% to Rs 213.30. The company said today, 17
March 2008 before market hours its board will meet on 17 March 2008
to consider a preferential issue of equity shares.
Reliance Natural Resources clocked the highest volume of 2.26 crore
shares on BSE. Orchid Chemicals & Pharmaceuticals (1.54 crore
shares), Reliance Petroleum (1.37 crore shares), V-Guard Industries
(1.3 crore shares) and Ispat Industries (1.11 crore shares) were
the other volume toppers in that order.
Reliance Industries clocked highest turnover of Rs 274.22 crore on
BSE. GSS America Infotech (Rs 237.04 crore), Reliance Natural
Resources (Rs 232.49 crore), Reliance Petroleum (Rs 215.46 crore )
and Orchid Chemicals & Pharmaceuticals (Rs 206.98 crore) were the
other turnover toppers in that order
Top loosers/ Gainers of 17th March
Top Losers
ICICI Bank 757.40 -13.76%
Jaiprakash Asso 208.05 -11.94%
HDFC 2222.00 -11.21%
Reliance Energy 1174.00 -9.42%
Top Gainers
None
ICICI Bank 757.40 -13.76%
Jaiprakash Asso 208.05 -11.94%
HDFC 2222.00 -11.21%
Reliance Energy 1174.00 -9.42%
Top Gainers
None
today was 2nd highest fall ever for market!!!
The markets ended near the lowest point of the day with a sharp cut on account of heavy selling in scrips across sectors. It was the second biggest single day point fall for Sensex ever, down nearly 1000 points. It was the lowest close for Nifty since September 2007 and lowest close for Sensex since August 2007.Broader markets underperformed the benchmark indices and both the midcap and smallcap indices are down over 6% each. NSE advance:decline was at 1:17. All sectoral indices closed in red, not a single Sensex & Nifty stock was in green.All BSE sector indices were deep in red. Bankex was top laggard down 9%, followed by realty , metal index down over 8% and oil & gas index were down over 5%.
ICICI BANK worst hit, Markets closes at days low..
ICICI BANK worst hit by todays crash, Down to year low.
NIFTY down 261.25 points- 86 advances to 1154 declains
Sensex down 1020.40 Points
Both break all major supports.. Market breadth is very weak.
NIFTY down 261.25 points- 86 advances to 1154 declains
Sensex down 1020.40 Points
Both break all major supports.. Market breadth is very weak.
Todays performance :( not too good..
Buy GUJARAT N R E COKE LTD @146 given at 10:30 reached 150.
RCOM@495 SL triggered/ Buy not triggered
RNRL@102-103 went up till 104.85
HDFC@2300 SL triggered
RPL@157 went upto 159.45
hindalco@172 went up til 175
voltas@165 SL triggered
RCOM@495 SL triggered/ Buy not triggered
RNRL@102-103 went up till 104.85
HDFC@2300 SL triggered
RPL@157 went upto 159.45
hindalco@172 went up til 175
voltas@165 SL triggered
Monday, March 17, 2008
Buy now with strict sl
RCOM@495
RNRL@102-103
HDFC@2300
RPL@157
hindalco@172
voltas@165
dont keep long book profits at ur levels. Buy with Strict SL
RNRL@102-103
HDFC@2300
RPL@157
hindalco@172
voltas@165
dont keep long book profits at ur levels. Buy with Strict SL
Subscribe to:
Posts (Atom)