Nifty closes above 6,000 for first time ever, it closes above 6000 after 3 failed attempts. Sensex was up 332 pts at 20,262 after hitting lifetime high of 20,333. Nifty was up 137 pts at 6,097 after hitting lifetime high of 6,111. CNX Midcap, BSE Smallcap, BSE Realty, BSE Bank hit lifetime highs.
Today's was the highest ever closing for benchmark indices ahead of FOMC meeting. Nifty closes above 6,000 for first time ever, it closes above 6000 after 3 failed attempts. Sensex was up 332 points at 20,262 after hitting lifetime high of 20,333. Nifty was up 137 points at 6,097 after hitting lifetime high of 6,111. CNX Midcap, BSE Smallcap, BSE Realty, BSE Bank hit lifetime highs. CNX Midcap was up 1.5% while BSE Smallcap Index was up 1.2%. All sectoral indices ended in green barring IT index. BSE Realty Index was up 2.9%, in which Unitech was up 8.5%.BSE Bank Index was up 2.2%, in which HDFC Bank was up 5.5% and PNB was up 2.4%. BSE Oil & Gas was up 1.8%, in which HPCL was up 6.6%, ONGC was up 3.9% and GAIL was up 3.9%. BSE Metals was up 1.8%, in which Nalco was up 7.4% and SAIL was up 2.4%. GAIL, HDFC, SBI, PNB & Unitech hits lifetime highs. Outgoing Nifty stocks performed well. MTNL was up 8.8% and HPCL was up 6.6%. Non Index gainers were Lanco Infratech, up 16%, Indian Bank, up 12%, Ansal Properties, up 17% and SPARC, up 11%. 52 week high was seen in DLF, GAIL, IDFC, PNB, HDIL, Lanco Infratech, Canara Bank and HPCL. Advance-Decline ratio was at 7:4. Total market turnover was at Rs 86,321 crore vs Rs 71,084 crore. F&O turnover was at Rs 59,422 crore vs Rs 47,278 crore.
FNO Snapshot:
Nifty Futures premium at 1 points; narrows by the close of trade. Nifty Futures added 14.4 lakh shares in OI. RIL, REL, RPL, Reliance Communication, Lanco Infratech & Jindal Steel clock turnover of over Rs 1000 crore.
MTNL was up 7.5%; it added 22.5 lakh shares in OI, Ansal Propoerties was up 17%; it added 6 lakh shares in OI, BPCL was up 5.7%; it added 3.5 lakh shares in OI, Unitech was up 7.4%; it added 2.9 lakh shares in OI, Indian Bank was up 11%; it added 2.5 lakh shares in OI, Oswal Chemicals was down 4.4%; it added 13 lakh shares in OI, Nagarjuna Fertilizers was down 3.4%; it added 26 lakh shares in OI and Balrampur Chini was up 2.7%; it sheds 19 lakh shares in OI.
Global markets today:
Asian stock markets were mostly higher on Fed rate cut hopes. Yen hits 112/$1 during the trading hours. Hang Seng was up 2.5%, Straits Times, Korea were up 1% each while Jakarta, Nikkei were up 0.75% each. Shanghai was up 0.25%. Inflation surges to 11-year high. In Taiwan, FIIs net buy equities worth $ 138.6 million in today’s trade (Prov). Some buying seen before Fed meet.
Fed rate cut: There is 100% probability of 25 bps cut; 42% probability of 50 bps cut.
Buzzing stock:
BOC India: Board to allot 3.62 crore shares at min Rs 165/sh to promoter, Linde AG. Post allotment, promoters' stake to go up from 54.8% to 73.99%. 3.62 crore shares accounts for 42.45% of post paid eq on fully diluted basis.
Ansal API: Reports suggest companies SEZ projects in UP have got go-ahead. Hits new 52-week high but volumes just above average.
Welspun India: Reports say company is eyeing another European acquisition, deal size Rs 80-100 crore.
Nalco: May go for follow-on public issue/ rights issue. Close to 52-week high; volumes 3x 10-day average.
PSL: Board meet on Dec 14 on FCCB issue up to $ 100 million. Hits 52-week high with volumes over 4x 10-day average.
Roman Tarmat: At upper circuit, back above issue price of Rs 175. Fell consistently after hitting high of Rs 376 post-listing in July. Order book at Rs 350 crore; expect further additions of Rs 100 crore. See FY08 turnover at Rs 135 cr; EBIDTA margins at 11%.
Abhishek Industries: Volume almost 5x 10-day average; up over 60% in Dec on low price base. Company plans to set up high end paper manufacturing facility.
Lanco Infratech: Hits 52-week high with volumes 5x 10-day average. Reports say company ends EPC contract with BHEL for power project. Reports say instead EPC will now be done by a Chinese company.
ICI India: Akzo Nobel to take over parent co ICI in core restructuring deal. Company says SEBI has to decide whether such deal can trigger open offer. Stock hits 52-week high, volumes thin but over 12x 10-day average.
