Sensex was up 347 pts at 19084, recovered over 400 pts from day’s low. Nifty was up 78 pts at 5695, recovered over 100 pts from day’s low. All BSE Sectoral Indices ended in the green barring IT Index. CNX Midcap index was up 2% while BSE Small-cap index was up 2%.
Markets remain on a strong footing, gets fillip in late trade on IAEA news. Large cap stocks joined mid-cap party in late trade. Sensex was up 347 points at 19084. It recovered over 400 points from day’s low. Nifty was up 78 points at 5695. It recovered over 100 points from day’s low. All BSE Sectoral Indices ended in the green barring IT Index. CNX Midcap index was up 2% while BSE Small-cap index was up 2%. BSE Cap-goods Index was up 3.7%, in which NTPC was up 8%, L&T was up 5.5%, ABB was up 4.8%, Tata Power was up 3.4% and Suzlon was up 3.4%. BSE Bank Index was up 4%, in which HDFC was up 6.6% and ICICI Bank was up 2.5%. Small/Mid-cap steel stocks continued to buzz. Ispat, Lloyds Steel, Uttam Galva were up 10%. Only IT Index ended in the red and was down 1%. IT companies continued to hit 52 week lows. Infosys, TCS, Patni, Tech Mahindra, Hexaware hit 52 week low. NSE Advance Decline ratio jumped to 2:1 from 2:5 yesterday. Total market turnover was at Rs 94,907 crore Vs Rs 80,479 crore on Thursday. FNO turnover was at Rs 67,336 crore Vs 56,771 crore on 8th Nov.
FNO Snapshot:
Nifty ended day at a 40 point premiumdriven by short covering.
5800 call: added 1.5 lakh shares; 10% OI buildup
5500 put: added 1 lakh shares; 4.3% OI buildup
5600 put: added 1.93 lakh shares; 18% OI buildup
Power, Banking stocks witnessed strong OI buildup
Large Caps were driven by short covering
Unwinding was seen in JP Hydro, MRPL, IFCI, GMR Infra and Bongaigaon after recent run up
Nagarjuna Fertilizers: Profit booking was seen after morning run up
Star Performers:
RNRL: up 14%; added 1.1 crore shares; strong CoC seen
Chambal Fertilizers: up 13%; added 3.3 lakh shares
Welspun Gujarat: up 11.6%; sheds 1.24 lakh shares
Syndicate Bank: up 10.5%; added 20.8 lakh shares; strong CoC seen
Probable Nuclear Deal Beneficiaries:
Alstom Projects: up 8.5%; added 93000 shares
NTPC: up 8%; added 29.5 lakh shares
Rolta: Closes Flat; added 1.3 lakh shares; was down 2.7% mid day
REL: up 2.3%; added 1 lakh shares
Tata Power: up 3.2%; added 4 lakh shares
HCC: up 6.3%; added 13.76 lakh shares
L&T: added 4.77%; sheds 2.3 lakh shares
BHEL: up 2.2%; added 2.8 lakh shares
Fresh Long were seen in:
Power: Tata Power, Suzlon Energy, and Power Grid
Bank: SBI, ICICI Bank, Dena Bank
Misc: Adlabs, Omaxe, Petronet LNG, RComm , GNFC, Oswal Chem, Andhra Bank, IDBI, Jaiprakash Associates
Buzzing Stocks:
IL&FS Investsmart: rebounds after hitting 52-week low; volume over 5x 10-day average
Shriram Transport: Kampani Finance & Consortium to invest Rs 360 crore in company at Rs 300/sh
Bombay Rayon: To set up textile units in Maharashtra with investment of Rs 1,100 crore
Aksh Opti Fibre: Close to new 52-week high; plans FCCB, GDR issue of $ 40 million
Matrix Labs: Mylan looking at buying residual stake, may delist company. Still off 52-week high of Rs 295; volume over 5x 10-day average
Federal Bank: Block deal of 31 lakh shares on BSE at Rs 460/sh (3.7% Eq)
Pratibha Industries: Bags Rs 41.3 crore order from New Delhi International Airport for expansion
Satra Properties: Board approves 2:1 bonus issue; to raise money via ADR/GDR/QIP issue
India Cements: Board meet on Nov 19 to consider equity issue in domestic/overseas mkts
Motilal Oswal: Up 20% since Citigroup put a buy with price target of Rs 1500 on Nov 6
52-week highs:
KEC Infra: Value of investments in companies & of land bank pegged at Rs 175-190 crore
GATI: In JV with Air India to launch public/private partnership for freighter service
Birla Power: Stock re-rated after excellent Q2 results; surged almost 85% in November. Expanding in electrical appliances biz with pumpsets, inverters, batteries
Adlabs Films: CLSA says planned radio biz demerger & its IPO to unlock Rs 150/sh
Global Markets today:
Asian markets recovered from days low. Hang Seng, Korea led the recovery. Shanghai ended in the red after opening strong.
Hang Seng: Investors were expecting a rebound as the index has lost nearly 4000 points from its recent highs. Approval process for mainland funds to invest in Hong Kong markets has accelerated.
Shanghai: Shanghai was down 0.60%, down nearly 3% from days high. China's October Inflation hits 11-year high at 6.5%; fearing investors of interest rate hike in the near future.
Nikkei: Nikkei was down 0.50%. Shinsei Bank’s 1H profit plunged 40%. Yen appreciated by 20 bps at Yen109.87/$1.
Taiwan: Benchmark index rebounded from a 10-week low boosted by non-tech issue gains. FIIs sell equities worth $ 409 million in today’s trade (Prov). FIIs have sold nearly $ 1 billion in last 2 days including today.
