Mkt ends in green amid volatility: IT, metals up ~ Share Bazaar News India

Thursday, February 21, 2008

Mkt ends in green amid volatility: IT, metals up

The markets closed in green amid a highly volatile session. The cues from Asia and US were strong. Broader markets also closed higher and outperformed the frontline indices. Selling pressure was seen in select bank and capital good stocks. However, selective buying was seen in metal, IT and pharma stocks.

Rupee opened at Rs 40.21 per dollar and was trading at 40 mark; that propelled the IT stocks and the index was up over 4%.

Sensex closed up 117.08 points or 0.66% at 17734.68, and the Nifty up 37.35 points or 0.72% at 5191.80.

About 1554 shares have advanced, 1390 shares declined, and 87 shares are unchanged.

The BSE Midcap Index ended at 7,668.93 up 1%.

The BSE Smallcap Index ended at 9,692.99 up 0.7%.

The BSE Bankex was down 1% at 10,478.94. IOB, ICICI Bank, HDFC, PNB, Axis closed in red.

The BSE Capital Goods Index closed at 15,837.90 down 0.6%. ABB, BHEL, Siemens, Triveni Engineering closed higher.

The BSE Auto Index closed at 4,801.06 up 1%. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher

The BSE Metal Index closed at 20,020.22 up 4%. Hindalco, Nalco, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6% at 2,236.92. Colgate, ITC, Nestle, Dabur ended higher

BSE Oil and Gas Index closed at 10,912.26 up 0.2%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.

The BSE IT Index was at 4,041.97 up 5%. Infosys, Satyam, Wipro, TCS, Tech Mahindra, HCL closed higher.

The NSE cash turnover was at Rs 12179.02 crore and the NSE F&O turnover was at Rs 43409.74 crore. The BSE cash turnover was Rs 5389.64 crore. Total market wide turnover was at Rs 60978.40 crore.

Mkts choppy: Bank down; IT, metal stocks up

The markets are trading flat amid choppiness. The volatility is seen despite some strong cues from Asian peers. The cues from Asia and US were strong. Broader markets have come off the highs but have outperformed the frontline indices. Selling pressure is seen in select bank and capital good stocks. However, selective buying is seen in metal, IT and pharma stocks.

At 2:39 hrs IST, the Sensex is down 55.04 points or 0.31% at 17562.56, and the Nifty up 13.65 points or 0.26% at 5168.10.

About 1392 shares have advanced, 1546 shares declined, and 92 shares are unchanged.

Banking and Capital Goods stocks are witnessing selling pressure while IT and metal stocks surged. IT index was up over 4% at 4,022.94 and metal index was up over 2%, trading at 16,196.97.

Top gainers on the Sensex are Satyam at Rs 456.50 up 8.05% , TCS at Rs 920.35 up 4.11% and Wipro at Rs 427.85 up 4.02%.

Among the other gainers were Reliance Energy, NTPC, Unitech, Rel Petroleum, SAIL, HCL Tech, Idea, Suzlon, Rel Communication, Tata Steel, NTPC, ONGC, ABB.

BHEL, ICICI Bnak, HDFC, SBI, PNB and ABB were among the top losers on the indices.

Top losers on the Sensex are HDFC at Rs 2,635.10 up 4.24%, BHEL at Rs 2,058.00 up 3.12% and SBI at Rs 2,141.00 up 2.93%.

Rupee opened at Rs 40.21 per dollar and is trading at 40.03; this has propelled the index which is up over 4%.

Mkts in red

The markets have given up their gains and are trading in the red. Banking and Capital Goods stocks are witnessing selling pressure while IT and metal stocks surged. IT index was up over 4% at 4,022.94 and metal index was up over 2%, trading at 16,196.97.

Sensex down nearly 400 points and Nifty down over 100 points from day’s high. At 2.08 pm, the Sensex was down 105.17 points or 0.60% at 17512.43, and the Nifty down 14.35 points or 0.28% at 5140.10.

Market breadth is marginally negative, about 1368 shares have advanced, 1559 shares declined, and 103 shares are unchanged.

Top gainers on the Sensex are Satyam at Rs 456.50 up 8.05% , TCS at Rs 920.35 up 4.11% and Wipro at Rs 427.85 up 4.02%.

Top losers on the Sensex are HDFC at Rs 2,635.10 up 4.24%, BHEL at Rs 2,058.00 up 3.12% and SBI at Rs 2,141.00 up 2.93%.
Mkts give up its gains: Bank, cap goods down; IT up

The markets have given up most of its gains and are trading flat. Sensex is down over 300 points from the day's high. The volatility is seen despite some strong cues from Asian peers. The cues from Asia and US were strong. Broader markets have come off the highs but have outperformed the frontline indices. Selling pressure is seen in select bank and capital good stocks. However, selective buying is seen in metal, IT and pharma stocks.

At 12.45 hrs IST, the Sensex is up 32.74 points or 0.19% at 17650.34, and the Nifty up 11.40 points or 0.22% at 5165.85.

About 1645 shares have advanced, 1283 shares declined, and 102 shares are unchanged.

Rupee opened at Rs 40.21 per dollar and is trading at 40.03; this has propelled the index which is up over 4%. The other gainers are metal index up 2%. However, bankex is trading marginally in red down 0.8%.

Satyam is up over 7%, followed by Hindalco, TCS SAIL, Nalco are up over 4% each.

Among the other gainers were Reliance Energy, NTPC, Unitech, Rel Petroleum, SAIL, HCL Tech, Idea, Suzlon, Rel Communication, Tata Steel, NTPC, ONGC, ABB.

BHEL, ICICI Bnak, HDFC, SBI, PNB and ABB were among the top losers on the indices.

US was up yesterday; The Dow Jones industrial average gained 90.04 points, or 0.73%, to 12,427.26 on rate cut hopes. Also HP's better-than-expected results helped the gains. Asian peers are trading in green with indices up between 1%-2%.

Mkt still in green: IT, metal, realty up; bank down

The markets are trading in green with moderate gains on buying seen in scrips across sectors. Barring the bankex, all the BSE sector indices are in green. The cues from Asia and US were strong. Broader markets have outperformed the frontline indices.

At 11.32 hrs IST, the Sensex is up 182.09 points or 1.03% at 17799.69, and the Nifty up 71.40 points or 1.39% at 5225.85.

About 1834 shares have advanced, 1091 shares declined, and 104 shares are unchanged.

Satyam, Hindalco, SAIL, Nalco are up over 4% each.

Among the other gainers were Reliance Energy, NTPC, Unitech, Rel Petroleum, SAIL, HCL Tech, Idea, Suzlon, Rel Communication, Tata Steel, NTPC, ONGC, ABB.

BHEL, ICICI Bnak, HDFC and ABB were among the top losers on the indices.

Rupee opened at Rs 40.21 per dollar and is trading at 40.09; this has propelled the index which is up over 3%. The other gainers are metal index up 2% and realty index up 1.5%. However, bankex is trading marginally in red down 0.3%.

US was up yesterday; The Dow Jones industrial average gained 90.04 points, or 0.73%, to 12,427.26 on rate cut hopes. Also HP's better-than-expected results helped the gains. Asian peers are trading in green with indices up between 1%-2%.

Markets trade in green: Nifty above 5200

The markets opend on a firm note on account of strong cues from global equity markets. US was up yesterday; The Dow Jones industrial average gained 90.04 points, or 0.73%, to 12,427.26 on rate cut hopes. Also HP's better-than-expected results helped the gains. Asian peers are trading in green with indices up between 1%-2%.

Among the top gainers were Reliance Energy, NTPC, Unitech, Rel Petroleum, SAIL, HCL Tech, Idea, Suzlon, Rel Communication, Tata Steel, NTPC, ONGC, ABB.

Nifty opened with a gap up of 80 points at 5234 and Sensex was at 17870 up 253 points.

RNRL, JP Associates, Gujarat NRE Coke, IFCI, Balrampur Chini are the liquid stocks in green.

Asian markets were trading firm. Hong Kong's Hang Seng rose 1.41%; Japan's Nikkei gained 2.12%; Taiwan's Taiwan Weighted shot up 1.73%; Singapore's Straits Times advanced 1.24% and South Korea's Seoul Composite was up 0.92%.

Rupee opened at Rs 40.21 per dollar

Market cues:
* SBI, Canara Bank cut PLR by 25 bps for second time in the month
* FIIs net buy USD 392.9 million in equity
* MFs net sell Rs 326.8 crore in equity
* NSE F&O Open Interest up by Rs 215 crore at Rs 75,053 crore

F&O cues:
* Futures Open Interest down by Rs 452 crore and Options Open Interest up by Rs 667 crore
* Nifty Feb Futures Open Interest unchanged
* Nifty Mar Futures add 15 lakh shares in Open Interest
* Nifty Feb at 30-point discount, Mar at 52-point discount
* Nifty Futures turnover jumps 50% from last few days
* Nifty Open Interest Put-Call ratio at 0.96 Vs 0.95
* Nifty Puts add 6.8 lakh shares in Open Interest
* Nifty Calls add 4.5 lakh shares in Open Interest
* Nifty 4800 Put adds 1.5 lakh shares in Open Interest
* Nifty 5100 Put adds 1.5 lakh shares in Open Interest
* Nifty 5100 Call adds 1.6 lakh shares in Open Interest
* Nifty 5200 Call adds 1.6 lakh shares in Open Interest
* Stock Futures Open Interest unchanged

Source: Moneycontrol.com

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