Markets recover from days low afer a knee jerk reaction on account of bomb blast news. Sensex ends up 326.5 pts at 18852.8. It recovered around 300 pts from days low. Nifty managed to close above 5,600 and was up 89 pts at 5608. CNX Midecap Index was up 1.6% while BSE Small cap Index was up 1.1%.
Huge volatility noticed during the day amid news of Lucknow bomb blasts. Markets recover from days low afer a knee jerk reaction on account of bomb blast news. Sensex ends up 326.5 points at 18852.8. It recovered around 300 points from days low. Nifty managed to close above 5,600 and was up 89 points at 5608. CNX Midecap Index was up 1.6% while BSE Small cap Index was up 1.1%. Siemens was up 2.7%, off nearly 10% form days high on profit booking. BSE Bankex was the weakest sector of the day after yesterdays outperformance. Realty stocks gained after taking knock yesterday. BSE Realty Index was up 3.5%, in which DLF was up 5.9% and Unitech was up 3.5%. BSE Metal Index was up 3.4%, in which Sterlite was up 5.5% and SAIL was up 2%. BSE Oil & Gas & Cap Goods Inde xes were up 2.5% each. Total market turnover was at Rs 87553 crore Vs Rs 95,729 crore yesterday. FNO Turnover was at 66,744 crore Vs 71,150 crore yesterday.
New listings:
Allied Computers closes at Rs 37.7 Vs listing price of Rs 21 (Issue Price Of Rs 12)
Barak Valley Cements closes at Rs 56 Vs listing price of Rs 68 (Issue Price Of Rs 42)
Rathi Bars closes at Rs 32 Vs listing price of Rs 37.8 (Issue Price Of Rs 35)
FNO Snapshot:
Nifty Future November premum was at 11 points and December discount was at 6 point. Nifty November added 15.8 lakh shares while December added 27.2 lakh shares. Rollover was at 22% Vs 16.4% a day ago. Power stocks saw fresh long across the board. Metal, Capital goods saw selective long buildup.
Star Performers were:
Neyveli Lignite: up 20%; added 7.55 lakh share since December; added 23.3 lakh shares in November
Jindal Steel: up 21%; added 44000 shares in December (approx 30% OI buildup)
Jai Prakash Hydro: up 14%; added 15.7 lakh shares in December; 27.7 lakh shares in November
Essar Oil: up 12%; added 28.53 lakh shares in December; rollover was at 30%
Fresh Long/Long Rollover seen in:
Misc: Escorts, MRPL, DLF, Praj Industries, Hotel Leela Venture, Divi’s Labs, GMR Infra, Orchid Chemicals
Power: Neyveli Lignite, JP Hydro, Power Grid, REL, NTPC
Telecom: TTML, MTNL
Select Banks: Indian Bank, Indusind Bank, Dena Bank, Vijaya Bank
Metals: JSW steel, Sterlite, Hindalco
Capital Goods: L&T, ABB
Short Covering was seen in:
Misc: IFCI, India Cement, RNRL, Nagarjuna Fertilizers, Bajaj Hindustan, Aptech
Long unwinding was seen in:
Misc: RPL (Still in curb), GAIL, Cipla, ITC
Buzzing Stocks:
PTC India: Govt approves PTC India fin arm's 40% stake sale to 2 FIIs, reports NW18. PTC India Finance arm to sell 40% to GS, Macquarie for Rs 150 crore.
XL Telecom: Hits new life high; bags orders worth Rs 65.8 cr for export of solar panels to EU.
Simplex Infra: Volumes over 2x 10-day average; gets order worth Rs 580 crore from DP World.
Siemens: Board approves 1:1 bonus, merger of Siemens Industrial Turbomachinery with itself.
Punjab Chemicals: Volume thin but 2x 10-day average; board meet on Nov 29 to mull GDR/FCCB issue.
JK Lakshmi Cement: Comes out of corporate debt restructuring purview. Replaces high cost debts of Rs 325 crore by cheaper funds.
Amtek India: Board meet on Dec 1 to consider issue of shares to promoters on preferential basis. Distant precursor to long awaited merger between Amtek Auto & Amtek India.
Jindal Steel: Board has approves splitting FV of shares to Re 1 from Rs 5 this week.
Price & volume:
Banco Products: Volumes over 16x 10-day average; still way off 52-week high of Rs 70.
Essar Oil: Uptrend resumes after 3 days of losses but volumes lower than average.
Global markets today:
Mixed session for Asian market with low volumes. Markets in Japan were shut today on account of National Holiday. Yen breahces 108 mark for the 1st time since June 2005. Yen depreciates by 47 bps at 108.43; hits intra-day high of 107.49.
Hang Seng gains 2%; ended off its day high. Taiwan, Korea down 1.5%; Thailand up 1.8%. Shanghai Index was up 1%. Late rebound by bank and airline stocks. Turnover hit its lowest level since end-2006. Austrlaince Index ends weak ahead of the outcome of the federal election tomorrow. Taiwan: FIIs net sell equities worth $ 125 million in today’s trade (Prov). FIIs have sold equities worth $ 1.55 billion during this week in Taiwan. FIIs have sold $ 5.2 billion in Nov month till now.
Huge volatility noticed during the day amid news of Lucknow bomb blasts. Markets recover from days low afer a knee jerk reaction on account of bomb blast news. Sensex ends up 326.5 points at 18852.8. It recovered around 300 points from days low. Nifty managed to close above 5,600 and was up 89 points at 5608. CNX Midecap Index was up 1.6% while BSE Small cap Index was up 1.1%. Siemens was up 2.7%, off nearly 10% form days high on profit booking. BSE Bankex was the weakest sector of the day after yesterdays outperformance. Realty stocks gained after taking knock yesterday. BSE Realty Index was up 3.5%, in which DLF was up 5.9% and Unitech was up 3.5%. BSE Metal Index was up 3.4%, in which Sterlite was up 5.5% and SAIL was up 2%. BSE Oil & Gas & Cap Goods Inde xes were up 2.5% each. Total market turnover was at Rs 87553 crore Vs Rs 95,729 crore yesterday. FNO Turnover was at 66,744 crore Vs 71,150 crore yesterday.
New listings:
Allied Computers closes at Rs 37.7 Vs listing price of Rs 21 (Issue Price Of Rs 12)
Barak Valley Cements closes at Rs 56 Vs listing price of Rs 68 (Issue Price Of Rs 42)
Rathi Bars closes at Rs 32 Vs listing price of Rs 37.8 (Issue Price Of Rs 35)
FNO Snapshot:
Nifty Future November premum was at 11 points and December discount was at 6 point. Nifty November added 15.8 lakh shares while December added 27.2 lakh shares. Rollover was at 22% Vs 16.4% a day ago. Power stocks saw fresh long across the board. Metal, Capital goods saw selective long buildup.
Star Performers were:
Neyveli Lignite: up 20%; added 7.55 lakh share since December; added 23.3 lakh shares in November
Jindal Steel: up 21%; added 44000 shares in December (approx 30% OI buildup)
Jai Prakash Hydro: up 14%; added 15.7 lakh shares in December; 27.7 lakh shares in November
Essar Oil: up 12%; added 28.53 lakh shares in December; rollover was at 30%
Fresh Long/Long Rollover seen in:
Misc: Escorts, MRPL, DLF, Praj Industries, Hotel Leela Venture, Divi’s Labs, GMR Infra, Orchid Chemicals
Power: Neyveli Lignite, JP Hydro, Power Grid, REL, NTPC
Telecom: TTML, MTNL
Select Banks: Indian Bank, Indusind Bank, Dena Bank, Vijaya Bank
Metals: JSW steel, Sterlite, Hindalco
Capital Goods: L&T, ABB
Short Covering was seen in:
Misc: IFCI, India Cement, RNRL, Nagarjuna Fertilizers, Bajaj Hindustan, Aptech
Long unwinding was seen in:
Misc: RPL (Still in curb), GAIL, Cipla, ITC
Buzzing Stocks:
PTC India: Govt approves PTC India fin arm's 40% stake sale to 2 FIIs, reports NW18. PTC India Finance arm to sell 40% to GS, Macquarie for Rs 150 crore.
XL Telecom: Hits new life high; bags orders worth Rs 65.8 cr for export of solar panels to EU.
Simplex Infra: Volumes over 2x 10-day average; gets order worth Rs 580 crore from DP World.
Siemens: Board approves 1:1 bonus, merger of Siemens Industrial Turbomachinery with itself.
Punjab Chemicals: Volume thin but 2x 10-day average; board meet on Nov 29 to mull GDR/FCCB issue.
JK Lakshmi Cement: Comes out of corporate debt restructuring purview. Replaces high cost debts of Rs 325 crore by cheaper funds.
Amtek India: Board meet on Dec 1 to consider issue of shares to promoters on preferential basis. Distant precursor to long awaited merger between Amtek Auto & Amtek India.
Jindal Steel: Board has approves splitting FV of shares to Re 1 from Rs 5 this week.
Price & volume:
Banco Products: Volumes over 16x 10-day average; still way off 52-week high of Rs 70.
Essar Oil: Uptrend resumes after 3 days of losses but volumes lower than average.
Global markets today:
Mixed session for Asian market with low volumes. Markets in Japan were shut today on account of National Holiday. Yen breahces 108 mark for the 1st time since June 2005. Yen depreciates by 47 bps at 108.43; hits intra-day high of 107.49.
Hang Seng gains 2%; ended off its day high. Taiwan, Korea down 1.5%; Thailand up 1.8%. Shanghai Index was up 1%. Late rebound by bank and airline stocks. Turnover hit its lowest level since end-2006. Austrlaince Index ends weak ahead of the outcome of the federal election tomorrow. Taiwan: FIIs net sell equities worth $ 125 million in today’s trade (Prov). FIIs have sold equities worth $ 1.55 billion during this week in Taiwan. FIIs have sold $ 5.2 billion in Nov month till now.
