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Markets trade in a narrow band on the triple witching day. Sensex was up 24 points at 20216 while Nifty was up 11 points at 6082. CNX Midcap Index was up 0.2% while BSE Small-cap Index was up 2.3%. BSE Consumer Durables Index was up 1.8%. BSE FMCG up was 0.9%, in which ITC was up 1.8%. BSE Metals was up 0.9%, in which Nalco was up 9.2%, Tata Steel was up 1.4% and SAIL was up 1.1%. BSE Bank Index was up 0.7%, in which HDFC Bank was up 2.3% and ICICI Bank was up 2.3%. BSE Auto Index was down 0.7%, in which Tata Motors was down 2%. Other Index gainers were Idea Cellular, up 2.9%, Wipro, up 2.6%, Suzlon Energy, up 2.2%. Other Index losers were Satyam, down 2.5%, RPL, down 2%, Ranbaxy, down 1.9%, Sun Pharma, down 1.9%. Non-Index gainers were SCI, up 13%, Kalindee Rail, up 20%, Videocon, up 9%, Suven Life, up 19.4%, Era Construction, up 19.6%, Inox, up 15.4% and Tulip IT, up 15.4%. NSE Advance Decline ratio stood at 5:3. Total market turnover was at Rs 1.27 lakh crore vs Rs 1.19 lakh crore yesterday. FNO Snapshot: Aggressive Rollovers in Momentum stocks. Metals, Oil & Gas, Banking stocks saw strong rollover. Cement, Sugar, Pharma, saw rollovers pick up. Auto Stocks saw low rollovers. Marketwide Rollover was at 81% (prov) vs 83% in Nov and 84% in Oct. Niftywide Rollover was at 73% (prov) vs 75% in Nov and 70% in Oct. Gitanjali Gems Jan futures trades at a 22 point discount. NSE F&O Turnover was at 94658 crore vs 96144 crore yesterday. Nifty Jan Futures ends at a 43 point premium, up ward pressure from long rollers. Star Performers: Shipping Corporation: up 15%; added 16.7 lakh shares in Jan; Rollover 71% High Rollover:
Low Rollovers: Misc: Nicholas Piramal, Sun TV, Gitanjali Gems, Alstom Projects, Tata Power, VSNL, Dena Bank, Better than last time: RPL 84% vs 50% (Last time was low, the one before was 85%) Good Rollovers:
Weak Rollvers:
Fresh longs/ Long Rollovers: Metals: Nalco, JSW Steel, Hindalco, Tata Steel, SAIL, Kalindee Rail: Company expected to benefit from dedicated freight corridor of Railways. Reports say may get contracts worth Rs 10,000 crore over next 5-years. At upper circuit for 2nd day; hits new 52-week high; vol 4x 10-day avg. Noida Toll Bridge: To benefit from strong traffic growth National Capital Region (NCR). India Info sees profit CAGR of 52% over. FY07-10 on 21% CAGR in revenues. India Info has Buy on stocks with price target of Rs 107. Credit Suisse sells 37 lakh shares @ Rs 57.74/sh (1.98%). At upper circuit, hits new 52-week high, vol over 4x 10-day avg. Rico Auto: Mulling building factories in Thailand & China on lower power & infra costs. Close to 52-week high, volumes 6x 10-day average. Suven Life Sciences: Gets US product patent for neuro disorder drug. Expects several other patent applications to be granted shortly. Mercator Lines: At upper circuit for 2nd day; close to 52-week high. Religare puts Buy on Mercator Lines, with target of Rs 177. Era Construction: May have to raise open offer price: NW18. Promoters recently made open offer for 20% stake at Rs 615. Ahluwalia Contracts: Bags order worth Rs 341 cr; still way off 52-week high of Rs 775. Can Fin Homes: Canara Bank hikes open offer price for co to Rs 78/sh: NW18. Shri Lakshmi Cotsyn: Board meet on Dec 31 on raising Rs 160 cr via QIP/FCCB/GDR. Hits new 52-week high but volumes near average. Rice stocks: KRBL: Up on hopes of price hike; wholesale prices up by over 100-150/quintal. At upper circuit, vol over 6x 10-day avg; still off 52-week high of Rs 195. Kohinoor Foods: Up on hopes of price hike; wholesale prices up by over 100-150/quintal. Close to 52-week high, volumes over 12x 10-day average. LT Overseas: Up on hopes of price hike; wholesale prices up by over 100-150/quintal. At upper circuit, hits new 52-week high, vol 3x 10-day avg. Global markets today: Taiwan market stood out in Asian region on back of FIIs flow. Shanghai, Thailand were up over 1% each. Nikkei, Hang Seng end marginally in the red. Japanese economy falls below 10% of world's nominal GDP for the first time since 1982. Goldman Sachs says that Citigroup may cut its dividend by 40% to preserve its capital position. In Taiwan, FIIs net buy equities worth $ 250 million in today’s trade (Prov). FIIs have bought $ 470 million during this week. FIIs have sold $ 4.6 billion in Nov month. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||