Markets end strong on start of fresh series. Sensex was up 360 pts at 19363 while Nifty was up 128 pts at 5763. CNX Midcap Index was up 3.6% while BSE Small cap Index was up 1.3%. All sectoral indices ended in green and metal, realty gains the most.
Markets end strong on start of fresh series. Sensex was up 360 points at 19363 while Nifty was up 128 points at 5763. CNX Midcap Index was up 3.6% while BSE Small cap Index was up 1.3%. All sectoral indices ended in green and metal, realty gains the most. BSE Metals Index was up 5.1%, in which Sterlite was up 12.2% and SAIL was up 3.3%. BSE Realty Index was up 3.9%, in which DLF was up 6.2% and Unitech was up 2.4%. BSE IT Index was up 2.7%, in which TCS was up 4.5% and Wipro was up 3.3%. BSE Oil & Gas Index was up 2.6%, in which ONGC was up 3.3%. Other index gainers were VSNL, up 12.5%, MTNL, up 6.7%, Tata Power, up 5.7%, REL, up 4.8% and Suzlon, up 3.9%. New F&O stocks added today which includes HOEC, up 13.5%, WWIL, up 10%, Gitanjali Gems, up 7.2% and Ispat, up 6.5%. Non Index gainers were Essar Oil, up 15.5%, Chennai Petro, up 6.7%, Neyveli Lignite, up 12%, United Spirits, up 12%, ABG Shipyard, up 12%, Jindal Steel, up 6.5%, Sesa Goa, up 6%, Ansal properties, up 6.8%, Omaxe, up 6.3% and Mphasis, up 5.7%. 52 week high was touched by Kotak Mahindra Bank, Neyveli Lignite, Essar Oil, VSNL, HDIL, IOB, Godrej Industries and Voltas. Recent listings make new lows in Barak Valley, Empee Distilleries and Varun Industries. Advance-Decline ratio was at 2:1. Total market turnover was at Rs 91,000 crore (Prov) Vs Rs 1.29 lakh crore yesterday.
FNO Snapshot:
Good start to new series. Fresh long was seen in Nifty, it added 17.8 lakh shares in OI. Textile, Sugar, Metal continue to see long positions after strong long rolls. Power stocks saw fresh longs after low rollover. 15 new entrants saw mixed response, Ispat Industries, WWIL, Gitanjali Gems saw good OI buildup while MICO, Info edge, GBN saw low OI buildup. Metal stocks were driven by short covering. Momentum boys RNRL, JP Hydro, IFCI were back in focus.
Star Performers:
Essar Oil: Up 14.5%; added 70 lakh shares in OI
Neyveli Lignite: Up 13%; added 44 lakh shares in OI
VSNL: Up 12.5%; added 8.3 lakh shares in OI
Shipping Corporation: Up 11%; added 5.3 lakh shares in OI
Hotel Leela: Up 10.4%; added 24 lakh shares in OI
RNRL: Up 10%; added 1.4 crore shares in OI
New Listings:
Ispat Industries: added 1.9 crore shares in OI
HOEC: added 29 lakh shares in OI
WWIL: added 30 lakh shares in OI
Global markets today:
Asian stocks ended firm; Taiwan, Korea were up neraly 1.5%. Fed chairman Ben Bernanke left the door open for more rate cuts. Shanghai market posted biggest monthly losses since 1994. In Taiwan, FIIs net buy equities worth $ 330.3 million in today’s trade (Prov). FIIs bought equities worth $ 601 million during this week Vs outflow of $ 1.55 billion during last week.
Month till date:
Shanghai down 18%
Hang Seng down 11%
Hang Seng down 8.5%
Korea, Straits Times down 7.5% each
Sensex down 2.5%
Indonesia only market among Asian peers ended in the green
